<?xml version="1.0" encoding="UTF-8"?><rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" version="2.0"><channel><title>COINS NEWS - Latest Cryptocoins News Live</title><description>Latest cryptocurrency news today - Check what are the trends in the digital currency market - Learn when is the best moment to buy Bitcoin or Altcoins on the best crypto exchanges - What you need to know about the crypto market trend</description><link>https://coinsnews.com</link><item><title>FuturesAI: the Jigsaw Puzzle of Your Crypto Trading</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="FuturesAI: the Jigsaw Puzzle of Your Crypto Trading 2" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="FuturesAI: the Jigsaw Puzzle of Your Crypto Trading 2">Many traders feel like crypto futures trading is a complex jigsaw puzzle with countless pieces scattered everywhere, where you meticulously research the market, analyze charts, and try to predict trends. <p>However, putting it all together for a winning trade can feel overwhelming. Luckily for you, that&#8217;s where <a href="https://www.futuresai.app/" rel="nofollow noopener">FuturesAI</a> comes in, the missing piece you&#8217;ve been searching for to complete your crypto trading success story.</p><h2>Building Your Crypto Futures Puzzle with FuturesAI</h2><p>Imagine an AI assistant by your side, constantly scanning the market and whispering trade suggestions in your ear. That&#8217;s the power of FuturesAI&#8217;s AI engine.&amp; </p><p>It acts like those essential corner pieces in a jigsaw puzzle, providing a solid foundation for your trading strategy. Also, FuturesAI goes beyond essential guidance, as it offers a variety of available futures trading options and access to even the most volatile assets to give you more control over your trades.&amp; </p><p>No need to worry if you&#8217;re a beginner puzzler, as FuturesAI&#8217;s user-friendly interface makes navigating the platform a breeze and helps you complete the puzzle.&amp; </p><p>And you&#8217;re not alone on your trading journey, as FuturesAI fosters a supportive community, just like having fellow puzzlers to consult. Their partnership program and revenue share model provide valuable grounds to help you become a master crypto trader.</p><h3>Completing the Bigger Picture with Successful Incentives</h3><p>With FuturesAI as your partner, you&#8217;ll finally be able to assemble all the pieces for successful trades!</p><p>FuturesAI offers <strong>a 25% welcome bonus</strong> to jumpstart your success, like that bonus picture motivating you to finish the puzzle. It&#8217;s the perfect incentive to dive into crypto futures trading with confidence.</p><h3>The Missing Piece: The FuturesAI Partnership Program</h3><p>The FuturesAI Partnership Program isn&#8217;t a one-way street designed to create a mutually beneficial ecosystem, just like a perfectly interlocking puzzle piece.&amp; </p><p>So, as a referrer, you&#8217;ll earn<strong> a 5% &#8211; 20% commission on your referrals&#8217; trades</strong> based on your network&#8217;s growth. Also, you&#8217;ll gain access to a comprehensive dashboard to track your earnings and network activity to have transparency and peace of mind.</p><p>Furthermore, those you refer can enjoy <strong>a 25% discount on trading fees</strong>, making it easier for them to jump into the crypto futures game. On top of that, they&#8217;ll receive <strong>a 20% bonus on their first deposit</strong>, giving them additional capital to explore the platform.</p><h3>The Rewarding Piece of the Puzzle: Financial Empowerment Through $FAI</h3><p>The FuturesAI platform isn&#8217;t just about providing advanced tools and a smooth trading experience. It&#8217;s about empowering its users financially through the<strong> $FAI token</strong>, another crucial piece of the puzzle in our ecosystem.</p><p>The $FAI token goes beyond simply buying and selling, and through its innovative revenue-sharing model, it redefines investors&#8217; participation within the crypto trading landscape.&amp; </p><p><strong>By staking their $FAI tokens, holders can share the platform&#8217;s profits from trading fees.</strong></p><p>This feature embodies our commitment to a decentralized and community-driven future where every stakeholder benefits directly from the platform&#8217;s success, fostering a collaborative and rewarding environment for all.&amp; </p><h2>The Final Piece: A Glimpse into FuturesAI&#8217;s Ever-Evolving Puzzle</h2><p>As the FuturesAI puzzle still needs to be completed, with a dedication to bringing users the most advanced tools and features for a seamless crypto trading experience, this relentless pursuit of progress sets FuturesAI apart.</p><p>The FuturesAI team is working on developing and launching exciting new features and complementary products that add real value to the FuturesAI ecosystem.</p><p><em>Curious about what the future holds for FuturesAI?</em> The platform&#8217;s <a href="https://docs.futuresai.app/futuresai-official/development-runway" rel="nofollow noopener"><strong>Development</strong> <strong>Runway</strong></a> offers a glimpse into upcoming ventures and strategic direction.</p><h2>Collect All the Pieces</h2><p>Don&#8217;t miss a single piece! Check the <a href="https://www.futuresai.app/" rel="nofollow noopener"><strong>official</strong> <strong>website</strong></a> to find them, and follow them on social media channels like <a href="https://t.me/TradeWithFAI" rel="nofollow"><strong>Telegram</strong></a> and <a href="https://twitter.com/TradeWithFAI" rel="nofollow noopener"><strong>X (Twitter)</strong></a><strong> </strong>to be the first to discover more clues.</p>]]></description><link>https://m.coinsnews.com/futuresai-the-jigsaw-puzzle-of-your-crypto-trading</link><guid>674604</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2024/05/SA7-770x385.png</dc:content ><dc:text>FuturesAI: the Jigsaw Puzzle of Your Crypto Trading</dc:text></item><item><title>Enter the SpaceCatch Universe Public Beta Ready to Play!￼</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-770x511.png" class="webfeedsFeaturedVisual wp-post-image" alt="Enter the SpaceCatch Universe Public Beta Ready to Play!￼ 4" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-770x511.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-300x199.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-1024x679.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-269x178.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-746x495.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-1376x913.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59.png 1450w" sizes="(max-width: 770px) 100vw, 770px" title="Enter the SpaceCatch Universe Public Beta Ready to Play!￼ 4"><p>However, there is still time for those who haven&#8217;t registered to secure their spot in the beta testing phase. As the doors to SpaceCatch swing open, players from around the world are getting ready to embark on an epic journey through the cosmos.</p><p>With each passing moment, the anticipation grows, and players eagerly await the chance to explore the vast universe of <a href="https://spacecatch.io" rel="nofollow noopener">SpaceCatch</a>. So, if you haven&#8217;t already done so, don&#8217;t miss your chance to join the adventure. Register now, and let&#8217;s see what SpaceCatch has prepared for us!</p><h2>SpaceCatch&#8217;s Public Beta Arrives</h2><p>The long-awaited public beta release of SpaceCatch has finally arrived, marking a significant milestone for gamers worldwide. Players have been eagerly anticipating the chance to explore the captivating universe of SpaceCatch for months, and now their patience has been rewarded.&amp; </p><p>However, with only 20,000 beta spots available, the competition to join this exclusive testing phase is intense. Players must act quickly to secure their spot and be among the first to experience the game&#8217;s innovative features and thrilling gameplay.</p><p>The public beta release is an exciting opportunity for players to get a sneak peek at what SpaceCatch offers and provide valuable feedback to the developers. It&#8217;s a chance to immerse themselves in an epic gaming adventure and become part of the SpaceCatch community before the game&#8217;s official launch.</p><p>As the public beta release countdown ends, excitement is at an all-time high. Gamers from around the world are eagerly signing up for their chance to join the beta and embark on an unforgettable journey through the cosmos.</p><h2>Discover SpaceCatch</h2><p>SpaceCatch is a groundbreaking AR and Web3 game that offers an unparalleled gaming experience. The game&#8217;s immersive gameplay and captivating storyline transport players to a universe filled with adventure and excitement. SpaceCatch also boasts robust tokenomics powered by the $CATCH token, which has a total supply of 100,000,000 tokens. To ensure the token&#8217;s value remains stable and lucrative for investors, SpaceCatch has implemented a unique deflationary mechanism. As a result, the $CATCH token has seen remarkable success, with its value skyrocketing over 50 times compared to its pre-sale price.</p><p>To enhance the gaming experience, SpaceCatch integrates cutting-edge AR and Web3 technologies that allow players to interact with the game world like never before. Players can battle AI-driven aliens, collect rare NFTs, and explore endless opportunities for discovery and exploration.</p><p>Staking is another exciting feature of SpaceCatch, with an allocation of 20 million $CATCH tokens reserved for staking over the next five years, employing a halving method. During the first year, 50% of all staking rewards will be distributed among the staking community, with the highest rewards occurring in the initial months due to the limited circulation of tokens.&amp; </p><p>Players can participate in staking by holding and locking up their $CATCH tokens, contributing to the network&#8217;s security and operation while earning additional tokens as incentives.</p><p>SpaceCatch is a free-to-play game that ensures anyone can join the adventure without barriers. The game is committed to transparency and security and has undergone a rigorous KYC process to provide players with peace of mind and confidence in the game&#8217;s integrity.</p><p>In summary, SpaceCatch is a revolutionary gaming platform that combines cutting-edge technology, immersive gameplay, and lucrative rewards. It&#8217;s not just a game – an experience you don&#8217;t want to miss.</p><h2>Don&#8217;t Miss Out on SpaceCatch</h2><p>Don&#8217;t miss out on your chance to become a part of the <a href="https://spacecatch.io" rel="nofollow noopener">SpaceCatch</a> community and join the next gaming revolution. Follow them on social media <a href="https://twitter.com/spacecatch_io" rel="nofollow noopener">X (Twitter)</a>, <a href="https://discord.gg/spacecatchers" rel="nofollow noopener">Discord</a>, <a href="https://t.me/spacecatch_io" rel="nofollow">Telegram</a>, <a href="https://instagram.com/spacecatch_io" rel="nofollow noopener">Instagram</a>, <a href="https://www.youtube.com/@spacecatch_io" rel="nofollow noopener">YouTube</a>, <a href="https://medium.com/@spacecatch" rel="nofollow noopener">Medium</a>, and <a href="https://coinmarketcap.com/currencies/spacecatch/" rel="nofollow noopener">CoinMarketCap</a> to stay up-to-date with all the latest updates and announcements. Register to secure your spot for the upcoming Public Beta release. This is your opportunity to experience SpaceCatch firsthand and shape the future of gaming.</p>]]></description><link>https://m.coinsnews.com/enter-the-spacecatch-universe-public-beta-ready-to-play</link><guid>672722</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-23-at-20.15.59-770x511.png</dc:content ><dc:text>Enter the SpaceCatch Universe Public Beta Ready to Play!￼</dc:text></item><item><title>SpaceCatch Public Beta is coming on 22nd April 2024. The biggest GameFi event of this month is here</title><description><![CDATA[<p>SpaceCatch, one of the most professional and notable GameFi projects in Web3 this year, has announced its Public Beta launch. The most important day in GameFi in April is the 22nd of April 2024. </p><p>SpaceCatch, developed by the professional gaming studio Pixelfield, has been developed since 2022. The team provided great skill so far, so now, SpaceCatch is one of the most promising AR&#038;Web3 games in the GameFi industry. Its CATCH token is already listed, hitting the ATH over x50 compared to its presale price. This all shows the great ability of the team to provide great, professional results. </p><p>One of the strongest marketing presences </p><p>SpaceCatch entered a Crypto space with a solid marketing presence and professionalism, and 22nd April is going to be the first time the Public will have a chance to test the Public Beta version. The SpaceCatch beta will be accessible for iOS and Android users, and there is only a 20k beta testers limit. </p><p>Certainly, SpaceCatch is going to launch a massive promotion of the Public Beta, so note to your calendar that 22nd April is a big day for the whole GameFi industry. Certainly, the promotion will be everywhere, so stay focused and catch your slot for Beta testing, as it is highly expected that 20k slots will quickly run out. </p><p>Professionals delivering results.</p><p>As a main Developer, Pixelfield, a professional gaming studio, is known for a great experience with AR gaming, SpaceCatch can be a game changer in GameFi. Multiple gaming projects are entering the market, but SpaceCatch is extraordinary with its results and massive community support. SpaceCatch entered the Web3 space with the highest industry standards, beating most of its competitors by excellent product delivery, promotion, and community culture and support. </p><p>As a great example of professionalism, we recommend checking the SpaceCatch News <a href="https://whitepaper.spacecatch.io/" rel="nofollow noopener">whitepaper </a>section, where you can see all Devlogs, delivered by developers, showing a current stage of the development and giving an overview of the game itself. </p><p>About SpaceCatch</p><p><a href="https://spacecatch.io/" rel="nofollow noopener">SpaceCatch </a>is the first game of its kind, promising a revolution in the gaming space by integrating augmented reality, geolocation, AI, blockchain support, and NFTs.<br />This blend allows for a completely new gaming experience, supporting not just a fully free-to-play model but also next-generation play-to-earn and move-to-earn concepts that are fully sustainable.</p><p>Centered on AR and VR technology, SpaceCatch has crafted an immersive universe with an enthralling narrative. In this universe, players, known as Catchers, are tasked with restoring peace on Earth after an alien invasion.<br />The aliens possess diverse powers, presenting a challenging obstacle for Catchers. However, players can enhance their abilities and skills to combat these extraterrestrial adversaries effectively.</p><p>With these features, SpaceCatch positions itself among the new generation of GameFi projects with the potential to outperform industry giants like Axie Infinity or Sandbox.</p><p>Learn More</p><p>Keep yourself informed about SpaceCatch&#8217;s latest developments, including game launches, projects, and company updates, by following them on their<a href="https://spacecatch.io/" rel="nofollow noopener"> official website</a>. Additionally, stay connected through various platforms such as <a href="https://t.me/spacecatch_io" rel="nofollow">Telegram</a>, <a href="http://Discord" rel="nofollow">Discord</a>, <a href="https://twitter.com/spacecatch_io" rel="nofollow noopener">Twitter</a>, <a href="https://www.youtube.com/@spacecatch_io" rel="nofollow noopener">YouTube</a>, <a href="https://instagram.com/spacecatch_io" rel="nofollow noopener">Instagram</a>, <a href="http://Medium" rel="nofollow">Medium</a>, <a href="https://coinmarketcap.com/currencies/spacecatch/" rel="nofollow noopener">CoinMarketCap </a>or <a href="http://CoinGecko" rel="nofollow">CoinGecko</a><img src="https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-300x170.jpg" alt="SpaceCatch Public Beta is coming on 22nd April 2024. The biggest GameFi event of this month is here 6" width="300" height="170" class="alignnone size-medium wp-image-584166" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-300x170.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-1024x580.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-770x436.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-500x283.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-269x152.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-746x423.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09.jpg 1280w" sizes="(max-width: 300px) 100vw, 300px" title="SpaceCatch Public Beta is coming on 22nd April 2024. The biggest GameFi event of this month is here 6">.</p>]]></description><link>https://m.coinsnews.com/spacecatch-public-beta-is-coming-on-22nd-april-2024-the-biggest-gamefi-event-of-this-month-is-here</link><guid>669209</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2024/04/2024-04-05-12.40.09-300x170.jpg</dc:content ><dc:text>SpaceCatch Public Beta is coming on 22nd April 2024. The biggest GameFi event of this month is here</dc:text></item><item><title>Find out more about Fully Licensed Online Slot Casinos</title><description><![CDATA[<p>Online Slot Games players who are more skilled will always have higher odds than players who are just beginning their careers. Although expert players have a lower chance of winning, they still make an impression on all who plays in the online slot machines of casinos. 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There are certain specific icons in free slot games that show if you are likely to win or lose your bet. If you click one of these icons, it would immediately subtract your bet from the current total.</p></p><p>Customer support and payout options are other options offered by the top online slots site. Support for customers can be reached for any <a href="https://plinkostake-fr.top/" rel="nofollow noopener">plinkostake-fr.top</a> queries regarding Online Slots. They are available 24 hours a day via e-mail and phone. You can ask as many questions as you want and receive adequate answers to all of your questions.</p></p><p>There are icons that are in real-time, which indicate the location of the reels in the slots machines. The colored symbols indicate the location of the reels. Some of these symbols include: green for normal reels and yellow for winning symbols and red for paying out symbols.</p></p><p>Online casinos offer a wide variety of games to draw players. 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Any kind of interruption in the net link might result in a disrupted video gaming experience.</li><li><strong>Graphics and Performance:</strong> Although no download casinos offer high-quality graphics, they might not be as visually magnificent as their downloadable equivalents. In addition, the performance of the video games may be impacted by the restrictions of the internet internet browser.</li><li><strong>Game Schedule:</strong> Some on the internet casino sites might have a minimal option of games available in their no <a href="https://aviatorbetano-portugal.top/" rel="nofollow noopener">aviatorbetano-portugal.top</a> download version. Specific video games or features may only come through the downloadable software application.</li></ul><h2>Final thought</h2><p>No download gambling establishments have revolutionized the method players take pleasure in on-line betting. With instant access to a variety of games, compatibility with various gadgets, and high-quality gameplay, these gambling establishments supply a practical and immersive video gaming experience. Whether you are a skilled player or new to on-line betting, checking out the globe of no download casinos is certainly worth it.</p><p>Keep in mind to pick a reputable online gambling establishment that supplies a protected and fair pc gaming environment. Benefit from the benefit and flexibility that no download casinos need to supply, and start an exciting journey filled with thrilling gambling establishment games.</p>]]></description><link>https://m.coinsnews.com/no-download-and-install-online-casinos-the-ultimate-overview</link><guid>668799</guid><author>COINS NEWS</author><dc:content /><dc:text>No Download and install Online Casinos: The Ultimate Overview</dc:text></item><item><title>Free Slot Games: Are They Worth Your Time and Money?</title><description><![CDATA[<p>Free demo slots are available on the Internet in a number of places. A simple search with the appropriate keywords can bring up hundreds of results. Some sites offer a free demo or a series of slot machine games <a href="https://luckyjet-md.click/" rel="nofollow noopener">Lucky Jet</a>. Others require an amount of money to download or register and then download and play<span id="more-584155"></span> for free.</p></p><p>These free demo slot games can be played online for fun, and often give you the chance to play up to ten free spins. Many of them give you a chance to quickly learn the software and how it functions, without having to make a single deposit or requesting the necessary refund. Other casinos offer either a one-time fee for playing or a month-long membership which allows players to login and play at any time. Some casinos provide a combination of free demo slot games as well as a paid membership. The experience of playing video slots will give you an understanding of the differences between slots at casinos and real video slots. While video slots don&#8217;t have images on the screen, you can make out the locations of symbols by looking closely.</p></p><p>It is important to keep in mind that playing free demo slot games do not provide the same level of experience that you&#8217;d receive when you invest money in real video slots. You can only see the symbols of certain symbols on the screen, and sometimes the positions of symbols displayed on screen can be difficult to interpret. If you employ this method while studying the software you will soon learn enough to start making money from free demo games. When you start investing real money, you will become accustomed to the symbols and positions of the icons on the screen. You will soon be able to make decisions based on what symbols mean.</p></p><p>Free demo slot games can offer jackpots that are significantly higher than the bets that are allowed in real slots in casinos. In the end, many people make the <a href="https://aviatoronlinemozambique.top/" rel="nofollow noopener">Aviator Online</a> mistake of betting their money to win as much as they can when playing slots for free. This can cause frustration when they realize that they cannot win all of the money they invested in progressive jackpots. Many people become disinterested in these machines and instead concentrate to beat the jackpots.</p></p><p>One of the reasons people fall into the trap of betting without knowing the rules on free demo slots is because many casinos allow instant play. The speed at that these machines function is often more exciting than the gradual speed with which real slots operate. The majority of casinos do not permit immediate play since the machines they use are designed for long-term use. These progressive jackpots are worth hundreds of million of dollars. You shouldn&#8217;t be content with just a few dollars.</p></p><p>A number of demo games offer players the opportunity to test their skills on many different online casino games. Virtual casinos provide free play slot machines that simulate the action in a real casino. Players can select the game they like and play in the comfort of their own home. The codes for the progressive slot machines in live casinos are closely guarded secrets, so only a select few are allowed to play them.</p></p><p>Although many casinos provide free slots demo to prospective customers, there is generally no way for the player to determine if the machine will pay off the amount of money that they put in. It is important to remember that demos of slot machines are provided to encourage players to play the games without investing real money. People may be able to tell whether or not the machine is likely to pay out a large jackpot by putting some real cash in the machine. This is not always true and players must be prepared to lose more money when playing for fun. If you decide to play a real money slot machine, it&#8217;s recommended to stay clear of demos that are free.</p></p><p>In the majority of cases, free demo slot machines can be beneficial for the player and the site that offers the bonus. While the gambling website benefits by giving players the chance to try out the machines at hand, the visitor to the site benefits from the bonus that the casino offers. For this reason, it is generally recommended that a player simply register for a real slot machine at a local casino , rather than take a chance on the chance to win a bonus.</p>]]></description><link>https://m.coinsnews.com/free-slot-games-are-they-worth-your-time-and-money</link><guid>668800</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Slot Games: Are They Worth Your Time and Money?</dc:text></item><item><title>Finest Payment Online Online Casino: Optimizing Your Profits</title><description><![CDATA[<p>Trying to find the most effective payment online gambling establishment? If you&#8217;re an enthusiastic bettor, you understand that finding an on the internet casino with high payout rates can significantly boost your chances of winning huge. In this article, we&#8217;ll check out the vital elements to take into consideration when choosing an on-line casino and highlight several of the leading systems with the highest possible payout portions. Keep reading to uncover how to optimize your jackpots and find the very best payment online casino site for you.</p><h2>Aspects to Take Into Consideration When Picking an Online Casino</h2><p>Prior to diving right into the globe of on the internet gambling, it&#8217;s important to consider certain aspects that can impact your general experience. Here are some essential factors to bear in mind:</p><p><strong>Licensing and Guideline:</strong> Make certain that the on the internet gambling enterprise is licensed and managed by a trusted authority. This guarantees that the platform operates lawfully and complies with strict requirements for gamer protection and reasonable pc gaming.</p><p><strong>Payout Percentage:</strong> The payment percent, also referred to as return to gamer (RTP), suggests the amount of cash the casino site go back to gamers as winnings. Look for casinos with high payment percentages, as they provide far better possibilities of winning in the long run.</p><p><strong>Game Choice:</strong> A diverse variety of video games increases your alternatives and maintains you delighted. Seek online gambling establishments that supply a wide array of ports, table video games, live casino site games, and much more.</p><p><strong>Repayment Methods:</strong> Examine the offered repayment methods and make certain that your preferred options are sustained. Look for gambling establishments that offer quick payout choices to receive your winnings promptly.</p><p><strong>Client Assistance:</strong> Trustworthy customer assistance is critical when playing online. Try to find casinos that provide multiple support channels, such as live conversation, email, and phone, to resolve any kind of issues or issues swiftly.</p><p><strong>Safety and security and Personal Privacy:</strong> Make certain that the on the internet gambling establishment uses innovative security actions, such as SSL security, to protect your individual and monetary details. Look for systems with a strong reputation for player information privacy.</p><h2>Top Online Gambling Enterprises with High Payment Prices</h2><p>Now that you recognize what to search for, allow&#8217;s discover some of the leading online casino sites with high payment prices:</p><ul><li><strong>1. Gambling establishment XYZ:</strong> With a payment percentage of over 97%, Online casino XYZ is renowned for its charitable payouts. It provides a wide range of video games, including <a href="https://smashcrash-br.top/" rel="nofollow noopener">Smash Crash</a> ports, table games, and live dealership video games, making certain there&#8217;s something for every sort of gamer.</li><li><strong>2. Casino site ABC:</strong> Gambling enterprise ABC boasts a payout percentage of 96% and has a huge selection of games from leading software suppliers. It also provides an easy to use user interface and a mobile-responsive layout, allowing you to appreciate your favored video games on the go.</li><li><strong>3. Gambling enterprise DEF:</strong> With an outstanding payment portion of 98%, Online casino DEF sticks out as one of the best payout online casinos. It provides an enormous collection of slots, modern pots, and live gambling establishment games, ensuring countless enjoyment for gamers.</li></ul><p>These are simply a couple of instances, and there are lots of other online gambling enterprises with high payout rates offered. Remember to research completely and select the one that aligns with your preferences and pc gaming demands.</p><h2>Techniques to Optimize Your Payouts</h2><p>While the payout percent of an on-line casino plays a considerable duty in establishing your potential jackpots, implementing methods can better maximize your revenues. Below are a couple of pointers to bear in mind:</p><ul><li><strong>1. Make Use Of Incentives and Promos:</strong> Several on-line gambling establishments provide bonuses and promos that can improve your money. Take advantage of these offers to enhance your chances of winning without risking even more of your very own money.</li><li><strong>2. Exercise Bankroll Monitoring:</strong> Set an allocate your betting activities and stick to it. This makes sure that you don&#8217;t spend too much and helps you make more enlightened choices while playing.</li><li><strong>3. Play Games with High RTP:</strong> Study the payment portions of different video games and select those with greater RTPs. This boosts your opportunities of winning and increases your overall payment price.</li><li><strong>4. Utilize Betting Approaches:</strong> Some video games, such as blackjack, deal approaches that can enhance your chances of winning. Find out and execute these strategies to optimize your earnings.</li></ul><h2>Final thought</h2><p>When it pertains to online gaming, locating the best payout online gambling establishment is vital to boosting your possibilities of winning. Take into consideration elements such as licensing, payout portions, video game selection, and client <a href="https://plinkocasino-spain.click/" rel="nofollow noopener">Plinko Casino</a> assistance when picking an on the internet gambling establishment. Furthermore, make the most of benefits, practice money management, and play video games with high RTPs to optimize your earnings. Bear in mind, on the internet betting ought to constantly be come close to sensibly, and it&#8217;s vital to gamble within your means.</p>]]></description><link>https://m.coinsnews.com/finest-payment-online-online-casino-optimizing-your-profits</link><guid>668801</guid><author>COINS NEWS</author><dc:content /><dc:text>Finest Payment Online Online Casino: Optimizing Your Profits</dc:text></item><item><title>No Deposit Casino Site Perk Codes: What Are They and Exactly how Do They Function?</title><description><![CDATA[<p>For casino site fanatics, discovering the best deals and benefits can significantly enhance their pc gaming experience. One such reward that has acquired appeal in recent years is the no down payment gambling enterprise perk. This write-up will explore what no deposit <a href="https://reloadbet.top/" rel="nofollow noopener">reloadbet casino</a> gambling establishment reward codes are, just how they work, and exactly how players can make the most of them.</p><h2>What is a No Deposit Gambling Establishment Incentive Code?</h2><p>A no deposit online casino bonus offer code is an unique mix of letters and numbers that players can utilize to declare a bonus without having to make a down payment. These codes are commonly supplied by online gambling establishments as part of their advertising projects to bring in brand-new gamers or reward existing ones.</p><p>No deposit benefit codes can be available in different kinds, consisting of complimentary spins, incentive cash money, or a mix of both. Players can make use of these codes to play genuine money games without risking their very own funds. It&#8217;s a fantastic possibility for players to explore an online casino&#8217;s offerings and potentially win genuine cash with no financial commitment.</p><p>It is very important to note that each online gambling establishment may have its own terms and conditions relating to no deposit bonus offer codes. Players ought to meticulously review and recognize these requirements prior to using any codes to ensure a smooth pc gaming experience.</p><h2>How Do No Down Payment Casino Perk Codes Work?</h2><p>Utilizing a no down payment gambling enterprise perk code is generally a straightforward and uncomplicated procedure. Here&#8217;s a detailed overview on just how it works:</p><ol><li>Find a trustworthy online casino that supplies a no deposit benefit code. Gamers can search for these codes on the gambling enterprise&#8217;s site, on-line forums, or with affiliate web sites.</li><li>Create a new account or visit to an existing account at the picked online casino site.</li><li>Locate the area for redeeming bonus codes. This can generally be located in the cashier or promotions tab of the gambling enterprise&#8217;s website.</li><li>Get in the no deposit reward code into the marked area and submit it.</li><li>If the code stands, the bonus will certainly be credited to the gamer&#8217;s account.</li><li>Players can then utilize the bonus offer to play eligible games as specified in the terms.</li><li>When the betting requirements, if any kind of, are fulfilled, gamers can withdraw their profits.</li></ol><p>It deserves stating that not all no deposit perk codes are the same. Some may have constraints on the video games they can be used for, while others may have wagering demands that need <a href="https://casino365onlinear.top/" rel="nofollow noopener">casino365 online</a> to be fulfilled prior to withdrawals can be made. Players should constantly read the terms and conditions connected with each code to stay clear of any shocks.</p><h2>Tips for Making The Most Of No Deposit Casino Benefit Codes</h2><p>While making use of no deposit gambling establishment reward codes can be a wonderful method to discover brand-new casinos and try out different games, players can even more maximize their benefits with the adhering to pointers:</p><ul><li><strong>Study and compare:</strong> Prior to making use of a no down payment perk code, it&#8217;s smart to study and compare various deals from various online casinos. This can help players locate the most generous incentives with affordable wagering demands.</li><li><strong>Concentrate on low wagering requirements:</strong> Seek bonus codes with low betting requirements to raise the possibilities of cashing out jackpots. High betting requirements can make it challenging to accomplish the needed criteria.</li><li><strong>Check game restrictions:</strong> Some no down payment incentive codes may just stand for particular games. Players should guarantee that their favored video games are eligible for benefit play to take advantage of the offer.</li><li><strong>Establish a budget plan:</strong> It&#8217;s constantly an excellent concept to set a spending plan when discovering no deposit benefit codes to make certain liable gaming. This helps players remain in control of their spending and stay clear of any potential economic issues.</li><li><strong>Stay educated:</strong> Online casino promotions and benefit codes are ever-changing. Players ought to regularly inspect the gambling enterprise&#8217;s web site, sign up for e-newsletters, or follow them on social media sites to stay updated on the current offers.</li></ul><h2>Conclusion</h2><p>No deposit gambling enterprise perk codes supply players with a safe possibility to play real cash video games and potentially win considerable rewards. By understanding just how these codes work and following the advised ideas, gamers can take advantage of their gambling enterprise experience and increase their opportunities of success. Remember to always review and comprehend the terms related to each bonus offer code to ensure a smooth and delightful pc gaming experience. Delighted gaming!</p>]]></description><link>https://m.coinsnews.com/no-deposit-casino-site-perk-codes-what-are-they-and-exactly-how-do-they-function</link><guid>668802</guid><author>COINS NEWS</author><dc:content /><dc:text>No Deposit Casino Site Perk Codes: What Are They and Exactly how Do They Function?</dc:text></item><item><title>Top Gambling Websites: The Ultimate Overview</title><description><![CDATA[<p>Welcome to the ultimate guide to the leading <a href="https://seriosewettseiten.click/" rel="nofollow noopener">Seriöse wettseiten</a> betting websites. Whether you are an experienced bettor or a newbie seeking to attempt your good luck, this short article will certainly provide you with all the crucial details you require to learn about the most effective gaming websites offered. From on-line gambling enterprises to sporting activities betting systems, we have got you covered!</p><p>Online gaming has actually ended up being progressively popular in the last few years, with numerous individuals all over the world enjoying the enjoyment and thrill of placing bets from the convenience of their very own homes. With so many betting sites to select from, it can be frustrating to locate the ones that use the very best experience and the highest possible chances of winning. That&#8217;s why we have done the study for you and put together a listing of the top betting sites in the industry.</p><h2>What Makes a Gambling Website <a href="https://beste-sportwettenanbieter.online/" rel="nofollow noopener">Wer ist der beste sportwettenanbieter</a> Stand Out?</h2><p>When it involves choosing a gambling site, there are several key factors to take into consideration. These include:</p><p><strong>1. Track record and Dependability:</strong> It is vital to choose a wagering website that is reliable and has a solid performance history of supplying a reasonable and secure video gaming environment. Try to find websites that are accredited and regulated by identified authorities.</p><p><strong>2. Video game Range:</strong> A top betting site must offer a wide variety of games to accommodate various choices. Whether you are a fan of ports, online poker, live roulette, or blackjack, make certain the website has a diverse choice to maintain you captivated.</p><p><strong>3. User-Friendly User interface:</strong> The very best betting websites should have an user-friendly and straightforward interface that makes it easy to browse and place bets. A clutter-free design and receptive system are vital for a delightful gaming experience.</p><p><strong>4. Bonus offers and Promotions:</strong> Look for betting websites that supply charitable benefits and promos to improve your pc gaming experience. From welcome bonus offers to loyalty programs, these rewards can considerably increase your opportunities of winning.</p><p><strong>5. Repayment Options:</strong> A top gaming website ought to give a wide range of safe and secure and practical payment choices for down payments and withdrawals. Make sure the website supports your recommended settlement method to guarantee seamless purchases.</p><h2>The Leading Online Gaming Sites</h2><p>Since we have actually covered the essential elements to think about, let&#8217;s study the leading gaming websites that meet these requirements:</p><ul><li>1. Xyz Gambling enterprise: With a stellar reputation and a vast selection of games, Xyz Casino is a top option for online gamblers. The site offers an easy to use interface and appealing bonuses that maintain gamers returning for more.</li><li>2. Abc Sportsbook: If sporting activities wagering is your interest, Abc Sportsbook is the ultimate destination. With affordable chances, a vast array of sports markets, and live wagering options, this website is a favorite amongst sporting activities fanatics.</li><li>3. Def Poker: Poker enthusiasts will certainly like Def Casino poker, a website that uses a selection of online poker video games and tournaments. With a strong concentrate on gamer experience and fair play, this site guarantees an amazing and rewarding online poker experience.</li><li>4. Ghi Bingo: For those that appreciate a video game of bingo, Ghi Bingo is the best website. With lively chat rooms, exciting bingo variants, and charitable rewards, this website gives countless amusement for bingo enthusiasts.</li></ul><h2>Responsible Betting and Safety And Security</h2><p>While gambling can be a fun and thrilling activity, it is vital to approach it sensibly. Set limitations on your gaming activities and never ever bet more than you can manage to shed. It&#8217;s likewise crucial to choose gambling sites that focus on gamer security and accountable gambling techniques. Look for sites that offer sources and devices for handling your gaming practices, such as down payment restrictions and self-exclusion alternatives.</p><ul><li><strong>1. GambleAware:</strong> An independent charity company that provides support and resources for people experiencing gambling-related troubles. Their website provides details on accountable betting and access to helplines.</li><li><strong>2. Bettors Confidential:</strong> A fellowship of people who have actually struggled with gambling dependency. Gamblers Confidential offers sustain meetings, resources, and a 12-step healing program for those seeking aid.</li></ul><p>Remember, wagering should be satisfying and amusing, so always prioritize your well-being above anything else. If you ever before really feel that your betting practices are becoming troublesome, seek help and support from the readily available resources.</p><p>In conclusion, the globe of on the internet gambling supplies a myriad of alternatives for those looking for excitement and the possibility to win big. By thinking about the essential aspects discussed in this overview and discovering the leading gaming sites recommended, you can embark on an electrifying gambling journey with confidence. Keep in mind to wager properly and enjoy!</p>]]></description><link>https://m.coinsnews.com/top-gambling-websites-the-ultimate-overview</link><guid>668759</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Gambling Websites: The Ultimate Overview</dc:text></item><item><title>For how long Does It Take to Detoxification from Alcohol?</title><description><![CDATA[<p>Alcohol detoxing, commonly called detoxification <a href="https://ketoburn.top/" rel="nofollow noopener">keto burn damla fiyat</a>, is the initial step in the direction of overcoming alcohol addiction. It entails allowing the body to get rid of all traces of alcohol while handling withdrawal signs and symptoms. It is a crucial process that helps in breaking the physical dependency on alcohol and also preparing individuals for long-term healing.</p><p>Although the duration of alcohol detoxification can vary from one person to another relying on various factors, such as the person&#8217;s total wellness, the intensity of their alcohol addiction, and the detoxification technique used, there are basic timelines that can supply a structure for recognizing the process. In this write-up, we will certainly discover the regular timeline for alcohol detox as well as the aspects that can influence it.</p><h2>The Phases of Alcohol Detoxification</h2><p>Alcohol detoxification can be split into 3 distinct phases, each with its very own timeline and also obstacles:</p><p><strong>Stage 1: Early Withdrawal (6 to 12 Hours)</strong></p><p>Soon after the last beverage, people might experience moderate withdrawal signs and symptoms. These can include anxiousness, shaky hands, sweating, nausea or vomiting, as well as insomnia. They normally come to a head within the first 24 to 72 hrs however can be handled with clinical guidance and also support. Throughout this phase, the body begins eliminating alcohol from its system.</p><p><strong>Stage 2: Height Withdrawal (2 to 4 Days)</strong></p><p>The 2nd phase is identified by the most serious withdrawal symptoms, which can include hallucinations, seizures, enhanced blood pressure, rapid heart price, and high temperature. This phase usually happens between 48 and 72 hours after the last drink as well as needs close surveillance by doctor to ensure the safety and security and also wellness of the individual.</p><p><strong>Phase 3: Going Away Symptoms (5 to 7 Days)</strong></p><p>In this stage, the strength of withdrawal signs begins to decrease. While people might still experience sticking around symptoms such as insomnia, mood swings, and also exhaustion, they end up being extra workable with time. The body continues to recover, as well as people gradually reclaim stability.</p><ul><li>It is important to note that these timelines are approximate, as well as the period of each stage can differ. Some individuals may experience an extended withdrawal stage that lasts past the typical timeframe, while others may experience a shorter detox process.</li><li>The intensity of withdrawal symptoms can also differ considerably from one person to another. Variables such as the duration as well as intensity of alcohol use, the existence of co-occurring mental health problems, and specific physical differences can influence the seriousness of signs experienced during detoxification.</li><li>Detoxing from alcohol can be hazardous as well as uneasy, making it critical to seek specialist help. A clinically supervised detox program provides the needed support, monitoring, and also treatments to make certain safety and maximize comfort throughout the process.</li></ul><h2>The Value of Seeking Professional Help</h2><p>Trying to detox from alcohol without specialist advice can be high-risk. Alcohol withdrawal signs can escalate quickly, resulting in major health complications or perhaps serious conditions such as delirium tremens (DTs). Professional <a href="https://arthromax.top/" rel="nofollow noopener">arthromax gel en guatemala</a> detoxification programs give a secure and encouraging environment, guaranteeing individuals receive the necessary clinical interest, psychological support, and counseling to browse this difficult phase of recovery.</p><p>During an expert detoxification program, health care experts might use drugs to ease withdrawal signs as well as lower desires. These drugs can help people securely and easily detoxification from alcohol, reducing the danger of issues. Furthermore, healthcare providers can resolve any kind of underlying wellness concerns that may have been worsened by alcohol use as well as supply ongoing treatment as well as assistance throughout the recovery procedure.</p><ul><li>After the conclusion of detoxification, people are normally encouraged to proceed their therapy in a dependency rehab program. This thorough strategy to recuperation helps people resolve the psychological as well as behavioral facets of their alcoholism as well as outfits them with essential skills and also devices for long-lasting sobriety.</li><li>It is important to identify that detox alone does not ensure long-lasting recovery from alcoholism. It is just the very first step in the direction of a healthier and alcohol-free life. Ongoing support, treatment, and also a commitment to making favorable way of living modifications are vital for sustained recovery.</li></ul><h2>Conclusion</h2><p>Alcohol detoxification is a crucial process for people looking for to get rid of alcoholism. While the duration of detox can differ, recognizing the general timeline as well as seeking expert help are crucial steps towards an effective recovery. The assistance and also guidance provided in a professional detox program can make a significant distinction in making certain safety and security, convenience, as well as long-term soberness. Remember, recuperation is a journey, and taking the first step with specialist help can establish you on the path to a healthier as well as alcohol-free life.</p>]]></description><link>https://m.coinsnews.com/for-how-long-does-it-take-to-detoxification-from-alcohol</link><guid>668760</guid><author>COINS NEWS</author><dc:content /><dc:text>For how long Does It Take to Detoxification from Alcohol?</dc:text></item><item><title>How to Play Free Slots Online</title><description><![CDATA[<p>Free slot games are accessible anywhere with an Internet connection and do not require any additional software to download or personal information to be entered. These games also feature high-quality graphics, interesting themes and a variety of paylines.</p><p>Modern video slots usually include cluster pays, meaning that you can win a payline with any number of symbols on the reels. They also have high RTPs.</p><h2>Paylines<br /></h2><p>Playing slots online for free is an excellent way to try the excitement of slot games without risking any real money. A lot of casinos offer their entire portfolio of slot machines in demo mode, allowing players to play with them before making deposits. Demo versions feature fake balances that change and down as you play, so you don&#8217;t have to be concerned about losing any of your own money.</p><p>You can pick from a variety of online slot games that are based on popular franchises. Ace of Spades and Jurassic Park are well-known games for Motorhead fans as are fantasy-themed titles such as Warriors &amp; Warlocks by Boldplay include two reels with scatters that activate the Beast Brawl Bonus feature. This bonus feature can offer up to 100x multipliers. You can also find a large selection of classic three-reel slots that have fixed paylines. These are perfect for novices or players who don&#8217;t want to be enticed by the prospect of spending more money than they&#8217;re able to lose.</p><h2>Coins<br /></h2><p>As opposed to real-money slot machines online, free slot games don&#8217;t carry the risk of financial loss. Some might have less options and offer have a different experience to their counterparts in real money. They are a great choice for those who are new and those who aren&#8217;t ready to put their money into. The games do not require monetary investment and permit players to put a time or monetary limit for their playing.</p><p>Many of these games feature new themes and features that keep the game interesting. These games are simple to download on mobile devices. Some even come with an app for mobile devices that you can use to play them from anywhere. These mobile games include The Incredible Hulk and Twin Win. These games also come with custom sounds and visuals that will make you want to play. These features make them a favorite with high-end buyers as well as those with the tight end of budget.</p><h2>Bonus rounds<br /></h2><p>A bonus round is a feature of a online slot that can be activated during play. These features offer a variety prizes to players, such as cash prizes, multipliers and free spins. These bonuses can be lucrative and exciting depending on the slot type. Typically, these bonuses are activated when you land <a href="https://1xbetapk-tr.top/" rel="nofollow noopener">1xbet apk</a> specific symbols on the reels. Certain slots require multiple <a href="https://1xbetmobi-ukraine.top/" rel="nofollow noopener">1xbet mobi</a> symbols to activate the feature. It is crucial to read through the paytable of the game to comprehend the unique features.</p><p>When selecting a machine that offers bonus rounds, take into account the following: Volatility &amp; payout potential &#8211; Select games that offer a balance of high-frequency bonuses and large payouts. Also, select a game with a captivating design and theme. It is also a good idea to select a slot with a high hit rate to ensure that you can anticipate the features to be triggered during regular play.</p><h2>RTP<br /></h2><p>RTP is a shorthand for Return to Player, and is an indicator of the amount a slot game pays out over the course of. The RTP figure is influenced by many factors, such as the number of paylines as well as the value of coins. Bonus rounds are also important. It is therefore crucial to select an online casino that has games with high RTP.</p><p>Playing a slot machine for free is a great way to learn about its RTP. While this isn&#8217;t a guarantee that you&#8217;ll win, it will give you a feel for the probability of winning and other data from a statistical perspective. Furthermore, playing for free lets you determine if the game is worth your time. Additionally, it can help you determine if a high RTP slot game is suitable for your particular style of playing. It can also help you improve your financial management by determining the amount you&#8217;re likely to lose on average.</p>]]></description><link>https://m.coinsnews.com/how-to-play-free-slots-online</link><guid>668761</guid><author>COINS NEWS</author><dc:content /><dc:text>How to Play Free Slots Online</dc:text></item><item><title>Ideal Payment Online Casino Sites: An Overview to Winning Big</title><description><![CDATA[<p>When it comes to online gambling, among the most essential variables to take into consideration is the payout rate. The payout price, also called the return to gamer (RTP), determines how much money gamers can expect to receive back from their wagers with time. In this post, we will certainly check out the most effective payment online gambling enterprises that provide the greatest opportunities of winning large. Whether you&#8217;re a seasoned player or a newbie wanting to attempt your luck, these premier online casinos deserve a see.</p><h2>What is a Payment Rate?</h2><p>The payment rate is a portion that indicates the ordinary return gamers can anticipate to get from a particular online casino game. For example, if a video game has a payout price of 95%, it implies that players can anticipate getting back $95 for every single $100 they wager in the future. The continuing to be $5 stands for your house edge, which is the profit margin for the casino site. In addition, it is necessary to note that the payout rate is calculated over a large number of video games, so individual outcomes might differ.</p><p>Usually, the payment price is higher <a href="https://bestesportwettench.top/" rel="nofollow noopener">Beste sportwetten</a> in on-line gambling establishments contrasted to their land-based equivalents. On the internet casinos have reduced operating expense, allowing them to use better payments to attract and preserve gamers. Consequently, players can enjoy greater chances of winning while playing their preferred casino site games from the comfort of their homes.</p><h2>Variables to Consider When Choosing an Online Casino Site</h2><p>When choosing an on the internet gambling establishment with the very best payout prices, there are numerous elements to think about:</p><ul><li>Licensing and Guideline: Ensure that the casino site holds a valid certificate from a trustworthy betting authority. This makes certain fairness and safeguards your rights as a gamer.</li><li>Game Choice: A wide range of games with high payment prices enables players to discover their favored options and raise their chances of winning.</li><li>Promotions and Bonuses: Look for casino sites that use appealing bonuses and promotions, such as welcome incentives, complimentary rotates, or cashback incentives.</li><li>Payment Techniques: An excellent online gambling establishment ought to offer a series of safe and secure and hassle-free payment alternatives for both deposits and withdrawals.</li><li>Client Assistance: Reliable and friendly customer support is critical for a smooth pc gaming experience. Look for casino sites that supply 24/7 assistance via real-time conversation, email, or phone.</li></ul><h2>Leading Online Gambling Establishments with the most effective Payout Rates</h2><p>1. Gambling enterprise A:</p><p>Description of Casino site A and its standout attributes.</p><p>Summary of Gambling establishment A&#8217;s game option and software application service providers.</p><p>Overview of Casino A&#8217;s payout rates throughout numerous games.</p><p>2. Online casino B:</p><p>Summary of Online Casino B and why it&#8217;s a top choice for gamers looking for high payment rates.</p><p>Details about Casino site B&#8217;s video game selection and software designers.</p><p>Details about the payout prices provided by Casino B for various video games.</p><p>3. Casino site C:</p><p>Introduction of Gambling Enterprise C and its track record for exceptional payout prices.</p><p>Summary of Gambling enterprise C&#8217;s video game collection and the leading software application providers it works together with.</p><p>Description of the payout prices supplied by Casino C for preferred video games.</p><p>4. Gambling establishment D:</p><p>Introduction to Gambling Enterprise D and its dedication to offering leading payment rates.</p><p>Understanding right into the video game alternatives available at Gambling establishment D and the software application service providers it partners with.</p><p>An analysis of the payout rates offered by Casino D for various games.</p><h2>Tips for Maximizing Your Winnings at Online Casinos</h2><p>While the payment prices of on-line casino sites are predetermined, there are a few approaches you can employ to boost your chances of winning:</p><ul><li>Pick High RTP Gamings: Seek gambling establishment video games with high return to gamer percentages, as they supply far better odds of winning.</li><li>Practice Bankroll Management: Set a budget for <a href="https://pagina-apuestas.top/" rel="nofollow noopener">Pagina apuestas</a> your betting tasks and stay with it. Avoid chasing losses or wagering more than you can afford to shed.</li><li>Make The Most Of Promotions: Use the incentives and promos provided by on the internet casinos to maximize your jackpots.</li><li>Learn Game Approaches: Spend time acquainting yourself with the regulations and methods of your chosen games. This can improve your opportunities of making informed choices and winning.</li></ul><h3>Final thought</h3><p>When it pertains to on the internet gaming, discovering an online gambling enterprise with the best payment prices can considerably enhance your chances of winning huge. By thinking about aspects such as licensing, game choice, promotions, and repayment methods, you can pick a respectable gambling enterprise that supplies high payout rates. Remember to also use reliable methods, such as picking high RTP video games and practicing bankroll monitoring, to optimize your profits. So, why wait? Beginning checking out these top-rated on-line casinos today and experience the adventure of winning!</p>]]></description><link>https://m.coinsnews.com/ideal-payment-online-casino-sites-an-overview-to-winning-big</link><guid>668762</guid><author>COINS NEWS</author><dc:content /><dc:text>Ideal Payment Online Casino Sites: An Overview to Winning Big</dc:text></item><item><title>The Cost of Abortion Pills: A Comprehensive Guide</title><description><![CDATA[<p>Abortion is a facility and also sensitive topic that affects countless individuals worldwide. When it involves terminating a maternity, there are numerous alternatives readily available, consisting of surgeries and medication-induced abortions. Over the last few years, medication abortions have actually obtained popularity because of their non-invasive nature and the ability to terminate a maternity in the onset. This short article will concentrate especially on the price of abortion tablets, offering you with a detailed overview to help you make an informed choice.</p><h2>Comprehending Medicine Abortion</h2><p>Medication abortion, commonly known as the abortion pill, involves using 2 various medications, Mifepristone and also Misoprostol, to terminate a pregnancy. Mifepristone is typically taken first, followed by Misoprostol, as <a href="https://keramin.sk/" rel="nofollow noopener">keramin cena dr max</a> well as the procedure can be finished in your home or under the guidance of a healthcare expert. It is essential to note that medication abortions are only suggested for maternities approximately ten weeks pregnancy.</p><p>In numerous countries, including the United States, medication abortions are legal and also available. However, the expense of acquiring these medications can vary depending on a number of aspects, such as geographical location, healthcare providers, <a href="https://uromexilforte.de/" rel="nofollow noopener">uromexil forte v lekarni</a> and insurance coverage. Additionally, the availability of abortion pills might be limited in particular regions as a result of lawful or social reasons.</p><h2>The Cost of Abortion Pills</h2><p>The price of abortion tablets can be damaged down right into 2 primary parts: the price of the actual medications and also any type of additional expenditures connected with the procedure. Right here&#8217;s a malfunction of what you can anticipate:</p><p><strong>1. Price of Medications:</strong> The cost of Mifepristone as well as Misoprostol can vary significantly relying on where you acquire them. Typically, these medicines are offered with doctor, centers, or on-line drug stores. The cost array can be anywhere from $90 to $800, with some carriers providing monetary help or sliding-scale charges based on revenue.</p><p><strong>2. Added Costs:</strong> In addition to the expense of the drugs, there may be additional costs involved in the process. These can consist of consultation charges, laboratory job, ultrasounds, follow-up visits, as well as contraceptive methods. It is necessary to talk about these possible costs with your healthcare provider and also aspect them right into your decision-making procedure.</p><p><strong>Keep in mind:</strong> It&#8217;s critical to avoid purchasing abortion pills from unapproved resources or attempting to self-administer without medical guidance. This can bring about severe health and wellness risks and issues. Constantly speak with a health care specialist before proceeding with any type of abortion method.</p><h2>Financial Support and also Insurance Coverage</h2><p>Financial restrictions should never be a barrier to accessing safe as well as lawful abortion services. If you&#8217;re worried regarding the expense of abortion pills, numerous organizations and programs exist to offer monetary help and support. Right here are some alternatives to think about:</p><ul><li><strong>1. Planned Being a parent:</strong> Planned Parenthood is a charitable company that uses reproductive health care services, consisting of abortion. They offer a sliding-scale cost framework based upon income and might also supply monetary aid programs.</li><li><strong>2. Neighborhood Centers:</strong> Several community clinics and also medical care centers offer abortion solutions at decreased prices or on a sliding-scale charge basis. Research study neighborhood options in your location as well as ask about their financial help programs.</li><li><strong>3. Financing Organizations:</strong> Countless non-profit companies provide monetary assistance for abortions. These organizations intend to support individuals that might not have the means to cover the complete expense of the treatment by themselves. Some instances consist of the National Network of Abortion Finances as well as the Female&#8217;s Reproductive Civil liberties Aid Task.</li><li><strong>4. Insurance Protection:</strong> Depending on your insurance policy strategy and the laws in your country or state, abortion tablets might be covered by your medical insurance. Call your insurance policy service provider straight to ask about your protection choices.</li></ul><h2>Considering Your Options</h2><p>When making a decision concerning abortion, it is very important to take into consideration different factors past just the expense. Your personal circumstances, gestational age, emotional well-being, and also legal limitations in your location need to all be taken into account. It&#8217;s vital to seek exact info, talk to health care specialists, and seek advice from those you trust to sustain you in your decision-making procedure.</p><h3>Final Thoughts</h3><p>Abortion tablets give people with a risk-free as well as reliable choice for ending a maternity in its onset. Nonetheless, the expense of these medications can differ, and also additional expenditures may be involved. It&#8217;s important to discover your alternatives, seek monetary support if needed, as well as prioritize your physical and emotional health throughout the procedure. Constantly consult with healthcare experts to guarantee you have precise details and also advice.</p>]]></description><link>https://m.coinsnews.com/the-cost-of-abortion-pills-a-comprehensive-guide</link><guid>668763</guid><author>COINS NEWS</author><dc:content /><dc:text>The Cost of Abortion Pills: A Comprehensive Guide</dc:text></item><item><title>The Very Best Online Casinos That Approve Bitcoin: A Comprehensive Guide</title><description><![CDATA[<p>Bitcoin has actually revolutionized the world of on the internet betting, supplying players a secure <a href="https://1xbet-appssa.top/" rel="nofollow noopener">1xbet apps</a> and confidential means to make deposits and withdrawals. With the boosting appeal of cryptocurrencies, numerous online casino sites have begun approving Bitcoin as a repayment method. In this write-up, we will discover the most effective gambling establishments that approve Bitcoin, supplying you with an extensive overview to enhance your on the internet gaming experience.</p><h2>Why Choose Bitcoin Online Casinos?</h2><p>Bitcoin gambling establishments use several benefits over conventional online casinos:</p><p><strong>1. Privacy:</strong> Bitcoin transactions are pseudonymous, enabling players to gamble without disclosing their personal details.</p><p><strong>2. Security:</strong> Bitcoin makes use of blockchain technology, making certain the protection and honesty of purchases.</p><p><strong>3. Immediate Down Payments and Withdrawals:</strong> Bitcoin deals are processed swiftly, permitting gamers to appreciate their jackpots right away.</p><p><strong>4. Lower Fees:</strong> Bitcoin purchases usually have lower fees compared to traditional payment methods.</p><p><strong>5. Global Gain Access To:</strong> Bitcoin is a decentralized currency, allowing players from worldwide to accessibility and delight in on the internet gambling enterprise games.</p><ul><li><h2>Leading Bitcoin Gambling Establishments</h2></li></ul><p>1.<strong>Gambling establishment A:</strong> Gambling establishment A is a reputable online casino that accepts Bitcoin as a payment approach. With a large option of games and a straightforward user interface, Gambling establishment A supplies an exceptional betting experience. The casino provides charitable incentives and promos for Bitcoin users, enhancing their overall pc gaming experience.</p><p>2.<strong>Gambling establishment B:</strong> Gambling establishment B is an additional first-class Bitcoin gambling enterprise known for its considerable game collection and rapid payments. The casino boasts a wide range of vending machine, table games, and live supplier video games, guaranteeing that gamers never ever run out of alternatives. With its instinctive mobile system, Gambling establishment B allows gamers to enjoy their preferred games on the go.</p><p>3.<strong>Online casino C:</strong> As one of the pioneers in Bitcoin gambling, Online casino C has actually established itself as a trusted and reliable on-line gambling enterprise. The casino site supplies a protected <a href="https://1xbet-promocode.online/" rel="nofollow noopener">1xbet promo code</a> and clear pc gaming atmosphere, making sure fair game for all players. With its easy to use user interface and exceptional consumer support, Gambling enterprise C offers an unequaled gambling experience.</p><h2>Variables to Consider when Choosing a Bitcoin Gambling Establishment</h2><p>When choosing a Bitcoin gambling establishment, it is essential to take into consideration the list below variables:</p><p><strong>1. Credibility:</strong> Try to find gambling enterprises with a solid online reputation in the industry. Read reviews and check their licensing and law credentials.</p><p><strong>2. Video game Selection:</strong> Guarantee that the casino uses a large range of games, consisting of ports, table video games, live dealership games, and extra.</p><p><strong>3. Rewards and Promos:</strong> Think about the perks and promotions available for Bitcoin individuals. Look for gambling establishments that supply generous welcome benefits, loyalty incentives, and normal promos.</p><p><strong>4. Protection:</strong> Confirm that the Bitcoin online casino utilizes SSL security to protect your personal and economic information. In addition, examine if the online casino employs provably fair innovation to make sure fair video gaming end results.</p><p><strong>5. Customer Assistance:</strong> Pick an online casino with responsive and reputable customer assistance. Search for live conversation, e-mail, and phone assistance choices to resolve any kind of concerns or questions.</p><ul><li><h2>Verdict</h2></li></ul><p>Bitcoin gambling establishments offer a special and amazing online gambling experience, providing gamers with enhanced security, anonymity, and rapid transactions. Casino site A, Casino Site B, and Gambling Enterprise C are among the top Bitcoin gambling enterprises recognized for their extensive game collections, charitable benefits, and outstanding client support.</p><p>When choosing a Bitcoin gambling enterprise, think about factors such as online reputation, game selection, incentives, safety, and consumer assistance to make sure a seamless and delightful gambling experience. Accept the globe of Bitcoin gambling establishments and embark on a journey filled with thrilling games and the capacity for substantial profits.</p><p>Remember to bet sensibly and take pleasure in the exhilaration of online betting with Bitcoin!</p>]]></description><link>https://m.coinsnews.com/the-very-best-online-casinos-that-approve-bitcoin-a-comprehensive-guide</link><guid>668723</guid><author>COINS NEWS</author><dc:content /><dc:text>The Very Best Online Casinos That Approve Bitcoin: A Comprehensive Guide</dc:text></item><item><title>Online Blackjack Real Cash PayPal: The Ultimate Overview</title><description><![CDATA[<p>Blackjack has actually long been one of one of the most preferred gambling enterprise games worldwide, and with the advent of on-line casinos, it has come to be even more accessible. If you <a href="https://cashout1xbet-br.top/" rel="nofollow noopener">cashout 1xbet</a>&#8216;re a follower of blackjack and want to play for genuine cash, PayPal offers a protected and convenient method to fund your video gaming account and withdraw your earnings. In this article, we will certainly direct you through the procedure of playing on the internet blackjack genuine cash utilizing PayPal, providing you with all the information you require to make informed decisions and have a wonderful video gaming experience.</p><p>Prior to diving right into the information, it is essential to keep in mind that on the internet gaming regulations vary from country to country. We advise inspecting the guidelines in your jurisdiction to make sure that on the internet gaming, including blackjack, is legal and managed. In addition, make certain you are of adultness to wager.</p><h2>What is PayPal?</h2><p>PayPal is a widely identified and relied on electronic payment platform that enables individuals and services to send and obtain cash online. It supplies a protected and practical method to make deals, making it a preferred option for on the internet shopping and different on-line services.</p><p>Founded in 1998, PayPal has expanded to turn into one of the leading on the internet settlement platforms, with millions of users worldwide. It supplies a secure and trustworthy technique for transferring and withdrawing funds from on-line gambling enterprises, including those using real money blackjack video games.</p><p>Producing a PayPal account is free and easy. Merely check out the PayPal website, click the &#8220;Sign Up&#8221; button, and adhere to the guidelines to set up your account. You will certainly need to supply some individual info and web link either your savings account or credit/debit card to your PayPal account.</p><h2>How to Discover Online Blackjack Real Cash PayPal Gambling Enterprises</h2><p>Since you have a PayPal account, the following action is to locate on the internet gambling enterprises that approve PayPal genuine cash deals. Below are some ideas to aid you in your search:</p><ul><li>Look for reputable on-line gambling enterprises: Search for online casino sites with an excellent online reputation and favorable reviews from players. Make certain they are licensed and regulated by a credible authority.</li><li>Look for PayPal as a payment alternative: Visit the websites of online casinos and seek the repayment choices offered. Numerous trustworthy on-line gambling enterprises supply PayPal as a down payment and withdrawal method.</li><li>Read the terms: Prior to registering and making a down payment, very carefully read the terms of the on-line casino site. Pay attention to the deposit and withdrawal plans, in addition to <a href="https://1xbet-argentina.click/" rel="nofollow noopener">1xbet argentina</a> any kind of fees or constraints that may apply.</li><li>Contrast benefits and promotions: Some online casinos offer bonus offers and promos specifically for blackjack gamers. Contrast the offers and choose the one that matches you finest.</li></ul><h2>How to Down payment with PayPal</h2><p>Once you have actually discovered a reliable online casino site that approves PayPal, the next step is to make a down payment. Here&#8217;s just how:</p><ol><li>Visit to your on-line casino site account.</li><li>Go to the cashier or banking area of the casino.</li><li>Select PayPal as your favored settlement technique.</li><li>Go into the amount you want to down payment.</li><li>Click the &#8220;Down payment&#8221; switch.</li><li>You will certainly be rerouted to the PayPal site to log in to your PayPal account and verify the transaction.</li><li>As soon as the transaction is validated, the funds will certainly be instantaneously included in your on-line casino account, and you can start playing blackjack genuine cash.</li></ol><h2>Exactly how to Take out with PayPal</h2><p>When you&#8217;re ready to withdraw your jackpots, PayPal makes it very easy and practical. Below&#8217;s how:</p><ol><li>Log in to your online gambling enterprise account.</li><li>Go to the cashier or banking section of the gambling establishment.</li><li>Select PayPal as your recommended withdrawal approach.</li><li>Enter the amount you intend to take out.</li><li>Click on the &#8220;Take out&#8221; switch.</li><li>The funds will certainly be moved to your PayPal account.</li><li>From your PayPal account, you can pick to transfer the funds to your connected savings account or use them for on the internet purchases.</li></ol><h2>Tips for Playing Online Blackjack for Real Money</h2><p>Now that you understand just how to play online blackjack genuine cash using PayPal, here are some pointers to improve your pc gaming experience:</p><ul><li>Practice standard blackjack technique: Familiarize yourself with standard blackjack approach to increase your possibilities of winning.</li><li>Set a spending plan: Before playing, decide on an allocate your gaming session and stay with it. Never ever wager more than you can manage to lose.</li><li>Pick the right table: Search for blackjack tables with positive rules, such as those that pay 3:2 for blackjack and enable increasing down on any type of two cards.</li><li>Make use of benefits and promos: Some online casino sites offer perks and promos particularly for blackjack players. Benefit from these deals to maximize your bankroll.</li><li>Manage your feelings: Betting can be amazing, however it is very important to preserve a tranquility and rational mindset. Don&#8217;t allow emotions determine your decisions.</li><li>Know when to stop: If you&#8217;re on a losing touch or have actually reached your budget restriction, it&#8217;s time to call it stops. Giving up at the correct time can save you from further losses.</li></ul><h3>Last Thoughts</h3><p>Playing on-line blackjack genuine money making use of PayPal can bring the thrill of the gambling establishment right to your fingertips. By adhering to the steps described in this guide, you can take pleasure in safe and secure and hassle-free deals, permitting you to focus on the excitement of the game. Bear in mind to gamble sensibly and have fun!</p><p>We hope you located this guide insightful and helpful. Pleased gaming!</p>]]></description><link>https://m.coinsnews.com/online-blackjack-real-cash-paypal-the-ultimate-overview</link><guid>668724</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Blackjack Real Cash PayPal: The Ultimate Overview</dc:text></item><item><title>The Rise of Online Casinos Accepting PayPal</title><description><![CDATA[<p>Over the last few years, the on-line gambling market has actually experienced significant development, with countless players all over the world appreciating the adventure and excitement of on the internet casinos. Together with this development, there has actually been a rise in the number of repayment approaches offered to gamers. One such repayment approach that has actually acquired appeal is PayPal, a trusted and safe on-line settlement platform.</p><p>PayPal was founded in 1998 and rapidly ended up being a leading gamer in the online settlement sector. Today, it is made use of by millions of individuals globally for different online transactions, consisting of on-line purchasing, cash transfers, and, yes, online gaming. Its online reputation for protection and convenience has made it a recommended settlement technique for many on-line casino site players.</p><h2>Why Use PayPal at Online Casinos?</h2><p>There are numerous reasons on-line casino site players choose making use of PayPal as their key settlement technique:</p><ul><li><strong>Security:</strong> PayPal is recognized for its innovative safety procedures, making certain that your individual and <a href="https://pixbet-login.top/" rel="nofollow noopener">pixbet-login.top</a> financial details is kept safe and secure. It utilizes encryption technology to protect your information and uses extra safety features such as two-factor authentication.</li><li><strong>Benefit:</strong> Creating a PayPal account is quick and simple, needing just standard individual information and a valid e-mail address. Once set up, you can link your PayPal account to your savings account or bank card, allowing for smooth and problem-free purchases.</li><li><strong>Rate:</strong> Deposits and withdrawals with PayPal are commonly processed immediately, enabling you to begin playing your favorite casino site games without delay. Furthermore, PayPal offers a mobile application, making it much more practical to manage your funds on the go.</li><li><strong>Accepted by Several Online Casinos:</strong> PayPal is widely approved by trustworthy on the internet gambling establishments, both large and small. This indicates you have a variety of choices when picking where to play, without compromising on the security and comfort of making use of PayPal for your deals.</li></ul><h2>Searching For Online Gambling Establishments that Accept PayPal</h2><p>With the expanding popularity of PayPal in the on-line gaming industry, discovering on the internet casino sites that accept this payment method has come to be simpler than ever before. Many credible on the internet gambling enterprises currently provide PayPal as one of their repayment options, allowing players to make down payments and withdrawals using this relied on system.</p><p>To locate on-line casino sites that approve PayPal, you can begin by carrying out a straightforward web search using search phrases such as &#8220;on-line gambling enterprises accepting PayPal.&#8221; This will certainly offer you with a listing of gambling enterprises that sustain PayPal as a settlement method. It is essential to review each casino&#8217;s conditions, as some may have details requirements or constraints when utilizing PayPal for deals.</p><p>Additionally, you can go to committed on the internet gambling enterprise review sites that offer comprehensive information about various on-line gambling enterprises. These web sites frequently include an area committed to repayment techniques, where you can filter gambling enterprises based on their accepted repayment alternatives, consisting of PayPal.</p><h2>The Advantages of Using PayPal for Online Betting</h2><p>Using PayPal for your on-line betting purchases comes with a number of advantages:</p><ul><li><strong>Privacy:</strong> When using PayPal, your financial information is not shared with the on-line gambling enterprise. This includes an additional layer of privacy, as your bank or credit card details are not straight offered to the casino.</li><li><strong>Incentive Supplies:</strong> Some online casinos use exclusive bonus offers and promotions for players who deposit making use of PayPal. These rewards can vary from cost-free rotates to deposit matches, offering you added worth for your money.</li><li><strong>Worldwide Availability:</strong> PayPal is readily available in over 200 countries and sustains several money. This makes it hassle-free for players from around the world to down payment and take out funds without the problem of money conversions.</li><li><strong>Dispute Resolution:</strong> PayPal provides a robust conflict resolution process, offering gamers an added complacency. If any type of concerns develop with an on the internet gambling enterprise, PayPal can interfere and aid settle the conflict.</li></ul><h2>Final thought</h2><p>On-line gambling enterprises approving PayPal have become increasingly prominent amongst gamers due <a href="https://pixbetlogin-br.top/" rel="nofollow noopener">Pixbet Cassino</a> to the security, convenience, and rate that PayPal supplies. Its prevalent approval by reputable online casinos guarantees that gamers have a large range of options when it involves choosing where to play. Whether you are a skilled on the internet casino player or simply starting, utilizing PayPal as your preferred payment method can enhance your general video gaming experience, giving you peace of mind and a seamless purchase procedure. So why wait? Sign up for a PayPal account today and start taking pleasure in the advantages of online gambling enterprises accepting PayPal!</p></p>]]></description><link>https://m.coinsnews.com/the-rise-of-online-casinos-accepting-paypal</link><guid>668725</guid><author>COINS NEWS</author><dc:content /><dc:text>The Rise of Online Casinos Accepting PayPal</dc:text></item><item><title>Play Free Port Machines: An Overview to Taking Pleasure In Online Online Casino Gamings</title><description><![CDATA[<p>Slots ha <a href="https://gbg-bet.top/" rel="nofollow noopener">gbg bet</a>ve actually been a staple in casino sites for years, bringing exhilaration and enjoy countless players. With the introduction of on the internet gambling enterprises, you can currently enjoy the same experience from the comfort of your very own home. In this overview, we will certainly check out exactly how to play complimentary one-armed bandit and take advantage of your on-line gambling enterprise video gaming experience.</p><p>Whether you are new to slots or a seasoned player, playing for totally free can supply a terrific means to practice and explore different games without risking your hard-earned money. On-line casinos provide a variety of cost-free fruit machine that you can play at your own pace, with no financial commitments.</p><h2>Why Play Free Port Machines?</h2><p>Playing complimentary vending machine has numerous benefits. Firstly, it allows you to familiarize on your own with the numerous sorts of slot machines offered. From classic three-reel slots to contemporary video ports with several paylines and bonus offer attributes, each game uses a special experience. By playing for cost-free, you can uncover which types of slots you appreciate the most.</p><p>Secondly, playing free slots enables you to exercise your abilities and develop techniques. While slot machines are mostly based upon good luck, recognizing the mechanics of the game can enhance your possibilities of winning. By playing for complimentary, you can trying out different betting techniques and see which ones work best for you.</p><p>Moreover, playing cost-free fruit machine offers a safe way to explore different on-line gambling enterprises and their offerings. By trying numerous casinos, you can contrast their game option, user experience, and customer support, guaranteeing that you locate the perfect casino site for your demands.</p><h2>Exactly How to Play Free Port Machines</h2><p>Playing totally free slots is straightforward and simple. Below is a detailed guide to obtain you started:</p><ul><li>Pick a reputable online casino: Prior to you can play totally free vending machine, you require to discover a reliable and credible on-line gambling establishment. Search for accredited online casinos that supply a variety of games and have favorable client testimonials.</li><li>Create an account: Once you have chosen a gambling enterprise, you will certainly require to create an account. This normally entails supplying your personal information and picking a username and password.</li><li>Explore the game option: After producing an account, check out the gambling enterprise&#8217;s game collection and try to find the totally free fruit machine area. Most on-line casino sites have a specialized category absolutely free video games.</li><li>Select a slots: Once you have located the cost-free vending machine section, pick a game that attract you. Check out the game summary to recognize its functions and guidelines.</li><li>Begin having fun: Once you have chosen a slots, click on the &#8220;Play for Free&#8221; or &#8220;Demo&#8221; button to begin the video game. You will certainly be offered with a virtual balance that you can use to position wagers and spin the reels.</li><li>Appreciate the game: Relax, unwind, and appreciate the thrilling experience of playing free vending machine. Take this chance to check out different bet sizes, trying out various methods, and have fun!</li></ul><h2>Advantages of Playing Free Port Machines</h2><p>Playing complimentary one-armed bandit uses numerous advantages that make it a popular selection among gambling establishment lovers:</p><ul><li>No economic risk: The greatest benefit of playing totally free fruit machine is that you do not need to risk your own cash. This enables you to play without any concerns regarding shedding your hard-earned cash money.</li><li>No time at all limits: When betting complimentary, you can take your time and dip into your very own rate. There are no time limits <a href="https://icecassino-online.top/" rel="nofollow noopener">Ice casino</a> or pressure to rush, offering you the freedom to enjoy the game without any restrictions.</li><li>No download called for: Many on the internet gambling establishments provide instantaneous play options, which implies you can play complimentary one-armed bandit directly in your internet internet browser. There is no requirement to download any kind of software program, saving you time and storage space on your device.</li><li>Accessibility to a large range of video games: Online casinos give a comprehensive collection of complimentary fruit machine, varying from traditional titles to the most up to date launches. You can discover various themes, paylines, and incentive features, guaranteeing that you never run out of choices.</li><li>Practice and improve your skills: Playing for totally free permits you to exercise and enhance your one-armed bandit skills with no financial risk. You can check out different approaches, comprehend the game mechanics, and learn exactly how to optimize your winnings.</li></ul><h2>Verdict</h2><p>Playing complimentary vending machine at on the internet casinos is a wonderful means to take pleasure in the adventure of casino site pc gaming with no monetary danger. Whether you are brand-new to fruit machine or an experienced player, playing for cost-free enables you to discover various video games, practice your abilities, and discover your favored ports. 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This suggests you can easily locate a casino that supports Mastercard as a payment technique without any trouble.</p><p><strong>2. Instantaneous Down Payments:</strong> Among the largest benefits of using Mastercard is the speed of transactions. Down payments made with Mastercard are generally refined immediately, allowing you to begin playing your favorite online casino video games without delay.</p><p><strong>3. Secure and Safe:</strong> Mastercard utilizes advanced safety steps, consisting of security modern technology, to ensure that your individual and economic details is shielded. With Mastercard, you can have satisfaction knowing that your transactions are secure.</p><p><strong>4. Easy to Make Use Of:</strong> Using Mastercard for online gambling establishment transactions is simple. All you require to do is select Mastercard as your recommended settlement method, enter your card information, and verify the purchase. It&#8217;s that easy!</p><p><strong>5. 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Nevertheless, it is critical to play at reliable casino sites, follow best methods for safety, and wager responsibly. By doing so, you can appreciate the thrill of on-line betting while guaranteeing the safety and security of your funds and individual details.</p>]]></description><link>https://m.coinsnews.com/gambling-enterprises-with-mastercard-a-convenient-and-secure-repayment-option</link><guid>667946</guid><author>COINS NEWS</author><dc:content /><dc:text>Gambling enterprises with Mastercard: A Convenient and Secure Repayment Option</dc:text></item><item><title>Research Paper Assistance</title><description><![CDATA[</p><p>Research paper writing help is a means to give students professional assistance in their academic research. It is also a wonderful way to find out new things. There are many people who assist students with their research papers. 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In this post, we will certainly check out the advantages of using Neteller in Australian on-line gambling enterprises, exactly how to utilize it, and give you with a list of credible online casinos that accept Neteller.</p><h2>What is Neteller?</h2><p>Neteller is an e-wallet service owned and operated by Paysafe Team Limited, a UK-based company. It offers a fast, safe and secure, <a href="https://mrjack-aviator.top/" rel="nofollow noopener">jack aviator</a> and practical method for individuals and businesses to make on the internet transactions, including down payments and withdrawals at online casino sites.</p><p>Neteller enables individuals to deposit funds right into their account utilizing various methods, such as financial institution transfers, credit/debit cards, and various other e-wallets. Once the funds remain in the Neteller account, individuals can conveniently move them to their recommended online gambling establishment.</p><p>One of the major advantages of utilizing Neteller is that it offers an additional layer of safety and security in between your bank account and the online gambling enterprise. It acts as a buffer, making sure that your personal and financial details stays private.</p><p>Furthermore, Neteller supplies a VIP program that provides fringe benefits and incentives to its customers, such as lower charges, greater transaction restrictions, and devoted client support. The VIP program is tiered, meaning the extra you utilize Neteller, the higher your VIP condition and the more advantages you will get.</p><h2>Exactly How to Use Neteller at Australian Online Casino Sites</h2><p>Using Neteller at Australian on-line casinos is an uncomplicated process. 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Retrieved from [source]</p>]]></description><link>https://m.coinsnews.com/gambling-establishments-accepting-neteller-australia</link><guid>666676</guid><author>COINS NEWS</author><dc:content /><dc:text>Gambling Establishments Accepting Neteller Australia</dc:text></item><item><title>Free Casino Gamings Slot Machines: Delight In the Adventure of Gambling Without Investing a Dollar</title><description><![CDATA[<p>Are you a fan of gambling enterprise games however don&#8217;t wish to spend cash on gambling? Look no further! Free casino games slots offer an electrifying video gaming experience without clearing your wallet. 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Embark on your totally free casino experience today and let the reels rotate in your favor!</p>]]></description><link>https://m.coinsnews.com/free-casino-gamings-slot-machines-delight-in-the-adventure-of-gambling-without-investing-a-dollar</link><guid>666677</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Casino Gamings Slot Machines: Delight In the Adventure of Gambling Without Investing a Dollar</dc:text></item><item><title>Play Free Slots for Fun: An Interesting Method to Appreciate Gambling Establishment Games</title><description><![CDATA[<p>Invite to the world of complimentary slots! If you are trying to find a fun and entertaining method to kill time, playing complimentary slots online can be a great option. Whether you are <a href="https://lobo888jogo.click/" rel="nofollow noopener">Lobo 888 Cassino</a> new to online casino games or a skilled gamer, totally free ports use an awesome experience without the danger of losing genuine cash. In this article, we will discover the amazing globe of free ports, how they function, and where you can locate the very best totally free slots to play.</p><h2>What are Complimentary Slots?</h2><p>Free ports are on-line gambling establishment video games that enable gamers to rotate the reels without having to wager any type of actual cash. Rather, these video games use virtual coins or credit ratings to replicate the wagering experience. They offer all the exhilaration of standard vending machine, with colorful graphics, captivating sound effects, and immersive gameplay.</p><p>Unlike real money ports, complimentary slots are not bound by any kind of monetary restrictions. This means that you can appreciate numerous <a href="https://aposta-esportivabet.click/" rel="nofollow noopener">Esportiva.bet Casino</a> hours of gameplay without ever needing to fret about shedding your hard-earned cash money. Free slots are a safe method to explore various port video games, experiment with different techniques, and simply have fun without any economic pressure.</p><p>Lots of online gambling enterprises provide a wide range of totally free ports for players to pick from. These games been available in numerous themes, varying from traditional fruit machines to modern-day video ports with complex storylines. Some complimentary slots also feature popular television shows, movies, or popular characters, including an extra layer of enjoyment for followers.</p><ul><li><strong>Classic Slots:</strong> These are reminiscent of the conventional fruit machine found in land-based gambling establishments. They typically feature three reels and straightforward gameplay technicians without any intricate reward functions or animations.</li><li><strong>Video Slots:</strong> These are the most preferred sort of free slots. They feature 5 reels, numerous paylines, and a wide variety of perk attributes such as complimentary rotates, wild signs, scatter symbols, and mini-games. Video ports typically have remarkable visual and audio impacts, making them very engaging.</li><li><strong>Progressive Slots:</strong> These free ports offer a chance to win a substantial reward that enhances gradually. A tiny portion of each wager is included in the jackpot, permitting it to expand until a fortunate player hits the winning combination. Progressive slots can provide life-changing sums of cash.</li></ul><h2>How Do Cost-free Slots Job?</h2><p>Playing cost-free slots is basic and uncomplicated. As soon as you choose a video game that catches your passion, you can start spinning the reels with an online balance. Free ports make use of a random number generator (RNG) to identify the end result of each spin. This makes sure that the outcomes are totally arbitrary and not affected by any exterior factors.</p><p>While you can not win actual money while playing cost-free ports, these video games often feature their very own collection of rewards. Some free slots offer in-game bonus offers, such as extra free rotates or bonus offer rounds, which can improve your opportunities of winning online prizes. It is essential to note that the rewards made during complimentary play can not be cashed out or transferred to genuine money games.</p><p>Furthermore, playing free slots can be a terrific way to acquaint yourself with the policies and features of a details port game before determining to bet real money. This allows you to examine various wagering methods, comprehend the paytable, and get a feeling for the general gameplay without any economic danger.</p><h2>Where Can You Discover Free Slot Machines to Play?</h2><p>There are numerous on the internet systems where you can discover a large selection of complimentary ports to play. These platforms offer a safe and secure atmosphere for gamers to appreciate their favored gambling enterprise games with no fears.</p><ul><li><strong>Online Online Casinos:</strong> Lots of on-line gambling establishments give complimentary versions of their port video games to draw in brand-new players. Merely browse to the &#8220;Free Slot machine&#8221; or &#8220;Demonstration&#8221; section on their site, and you can start playing promptly without the demand to produce an account or down payment any type of cash.</li><li><strong>Video Game Developers&#8217; Internet Sites:</strong> Some game developers use complimentary slots on their main web sites to showcase their latest launches. This is a fantastic method to experiment with new games and obtain a direct experience of their features and gameplay mechanics.</li><li><strong>Slots Testimonial Internet Sites:</strong> There are various sites dedicated to reviewing and showcasing complimentary slots. These sites give extensive details about each video game, including its motif, functions, and where to play for complimentary. They typically include direct web links to the video game, making it simple to start playing as soon as possible.</li></ul><h2>Final thought</h2><p>Playing cost-free ports for enjoyable is an excellent way to take pleasure in the enjoyment and thrill of casino site video games without the risk of losing real money. Whether you are a laid-back gamer wanting to kill time or a severe gambler sharpening your skills, complimentary ports supply countless enjoyment options. With a wide variety of games to pick from, ranging from traditional ports to dynamic prizes, there is something for every person on the planet of free slots. So why not offer it a spin and see if Kismet gets on your side?</p><p>Remember, cost-free slots are indicated for pure enjoyment and must never ever be seen as a way to earn money. Always gamble properly and set limitations on your play to guarantee a risk-free and delightful video gaming experience.</p>]]></description><link>https://m.coinsnews.com/play-free-slots-for-fun-an-interesting-method-to-appreciate-gambling-establishment-games</link><guid>666678</guid><author>COINS NEWS</author><dc:content /><dc:text>Play Free Slots for Fun: An Interesting Method to Appreciate Gambling Establishment Games</dc:text></item><item><title>Best Online Gambling Establishment Reviews: Your Ultimate Overview to Discovering the Perfect Gambling Enterprise</title><description><![CDATA[<p>Welcome to our extensive overview on finding the very best online casino evaluates! Whether you are an experienced gamer or just beginning, selecting the best online gambling establishment can significantly improve your betting experience. With many options readily available, it can be frustrating to choose. This short article aims to give you with valuable understandings and suggestions to assist you choose the best on-line gambling enterprise that fits your requirements and choices.</p><h2>Why Online Casino Reviews Issue</h2><p>On-line gambling establishment testimonials are important devices for gamers aiming to check out the huge globe of on the internet gaming. These reviews supply thorough info concerning different online gambling establishments, including their game selection, software application carriers, bonuses and promos, repayment approaches, consumer assistance, and extra. By checking out reputable and honest casino site testimonials, <a href="https://vulkan-vegas.no/" rel="nofollow noopener">vulkanvegas</a> players can make informed choices and prevent any undesirable shocks.</p><p>In addition, online casino site testimonials act as a guide to finding risk-free and reputable gambling enterprises. As an on the internet bettor, your safety and personal privacy are of utmost relevance. By choosing a casino with positive reviews and high scores, you can rely on that your individual and economic information will be safeguarded.</p><p>Allow&#8217;s check out the vital aspects to take into consideration while reading on-line gambling enterprise <a href="https://novibetmxcasino.top/" rel="nofollow noopener">novibet</a> evaluations:</p><ul><li><strong>Licensing and Law:</strong> A reliable online gambling enterprise ought to hold a legitimate certificate from a recognized governing authority. This ensures that the online casino runs within legal boundaries and follows rigorous criteria of justice and security.</li><li><strong>Game Option:</strong> The best online casinos use a vast array of video games, including preferred slots, table games, live casino site, and much more. A diverse video game selection ensures that players have lots of alternatives to select from.</li><li><strong>Software application Providers:</strong> The top quality of the video games is greatly influenced by the software program providers. Leading companies like Microgaming, NetEnt, and Playtech are known for their outstanding graphics, immersive gameplay, and reasonable end results.</li><li><strong>Incentives and Promos:</strong> Generous benefits and normal promos can dramatically improve your gaming experience. Look for casinos that provide luring welcome perks, free spins, and loyalty programs.</li><li><strong>Payment Approaches:</strong> Dependable and safe and secure repayment choices are crucial for hassle-free deposits and withdrawals. Inspect if the casino sustains your recommended repayment techniques and uses fast payment times.</li><li><strong>Client Assistance:</strong> A receptive and well-informed client assistance group is important for dealing with any kind of problems or queries you might have. Try to find online casinos that provide multiple assistance channels, such as real-time chat, email, or phone support.</li></ul><h2>How to Identify Reliable Online Online Casino Evaluation Sites</h2><p>With numerous on the internet gambling enterprise testimonial websites readily available, it is very important to know exactly how to recognize trustworthy and reputable resources. Think about the following elements when assessing casino site review sites:</p><ul><li><strong>Track record:</strong> Look for evaluation websites that have a favorable credibility within the on-line gambling neighborhood. Look for any complaints or debates bordering the site.</li><li><strong>Transparency:</strong> Trustworthy testimonial websites need to disclose their methods of analysis and requirements for assessing online gambling establishments. They must likewise clearly mention any kind of associations or sponsorships they might have.</li><li><strong>Know-how:</strong> Consider the background and experience of the customers. Experienced reviewers with a deep understanding of the on the internet betting market are more likely to supply accurate and informative reviews.</li><li><strong>User Evaluations:</strong> Reading individual reviews can offer you a better understanding of the gambling establishment&#8217;s track record and individual experience. Try to find patterns and common comments to examine the general sentiment.</li><li><strong>Up-to-Date Info:</strong> Online online casinos are regularly evolving, and it&#8217;s important to select a testimonial site that regularly updates its details. Out-of-date reviews may not mirror the existing state of the casino site.</li></ul><h2>Our Leading Recommendations for Online Gambling Enterprise Testimonial Sites</h2><p>Based upon our research study and evaluation, we have actually assembled a listing of credible on-line gambling establishment evaluation websites that constantly offer reputable and precise info:</p><ul><li><strong>Gambling enterprise Guru:</strong> Gambling enterprise Master is just one of one of the most extensive on the internet gambling establishment testimonial websites readily available. They have a substantial data source of gambling enterprises, with detailed reviews and scores. Their site supplies helpful filters and search alternatives to help you find the best online casino.</li><li><strong>AskGamblers:</strong> AskGamblers is a preferred evaluation site understood for its honest and user-driven strategy. They have a large neighborhood of players that share their experiences and supply straightforward feedback. AskGamblers also offers a reliable grievance resolution service.</li><li><strong>Casino.org:</strong> Casino.org is a relied on source for online gambling enterprise reviews and guides. They focus on player security and just recommend accredited and controlled gambling establishments. Their team of specialists provides detailed and objective testimonials.</li><li><strong>Online Online Casino Records:</strong> Online Gambling Enterprise Reports is a credible testimonial website that covers a wide variety of countries and languages. They supply thorough gambling establishment evaluations, news, and special promos.</li></ul><h2>Verdict</h2><p>Choosing the best online gambling enterprise is a crucial action in guaranteeing a satisfying and safe gaming experience. By checking out reliable on-line gambling establishment reviews, you can make informed choices and prevent any prospective risks. Bear in mind to take into consideration factors like licensing, video game choice, incentives, and client assistance while reviewing online casinos. In addition, beware when choosing testimonial websites and depend on trusted and reliable sources for reputable details.</p><p>Now that you have a better understanding of the significance of online gambling enterprise testimonials, capitalize on the resources offered and embark on your amazing online betting journey!</p>]]></description><link>https://m.coinsnews.com/best-online-gambling-establishment-reviews-your-ultimate-overview-to-discovering-the-perfect-gambling-enterprise</link><guid>666679</guid><author>COINS NEWS</author><dc:content /><dc:text>Best Online Gambling Establishment Reviews: Your Ultimate Overview to Discovering the Perfect Gambling Enterprise</dc:text></item><item><title>The Novice’s Guide to Cent Slot Machines</title><description><![CDATA[<p>Fruit machine have actually been a staple in gambling enterprises for decades, drawing in gamers with their flashing lights and attracting audios. One preferred variation of these machines is the dime port. As the name suggests, these devices permit gamers to wager tiny stakes, making them easily accessible to a large range of bettors. In this post, we&#8217;ll check out whatever you require to learn about penny one-armed bandit, from exactly how they work to strategies for optimizing your opportunities of winning.</p><h2>Exactly How Cent Port Machines Work</h2><p>Cent fruit machine are basically the like routine fruit machine, with one secret difference&#8211; the religion of the coin. While typical fruit machine call for gamers to bet with quarters or bucks, penny slots permit a lot smaller sized bets, frequently as low as one cent per spin.</p><p>Regardless of their low cost per spin, dime vending machine still supply the potential for huge pay <a href="https://rajabets.click/" rel="nofollow noopener">rajabets legal in india</a>ments. The makers include multiple paylines, and by betting on even more paylines, gamers boost their chances of winning. Some penny slot machines even offer modern rewards, where the potential reward remains to grow up until somebody success.</p><p>One crucial thing to note is that penny slot machines typically have reduced payment percents contrasted to greater denomination equipments. This means that, generally, gamers may win less money over time contrasted to using a maker with a greater religion. However, the appeal of penny slots lies in their price and the possibility for striking a big jackpot with a tiny wager.</p><ul><li>Choose a reliable casino: When playing penny vending machine, it&#8217;s essential to choose a trusted gambling establishment. Look for a casino site with an excellent reputation, fair pc gaming techniques, and a wide range of dime vending machine to pick from.</li><li>Check out the paytable: Before beginning to play, take a few minutes to check out the paytable. The paytable supplies details concerning the game&#8217;s icons, winning mixes, and unique functions. Comprehending the paytable will certainly help you make informed choices during gameplay.</li><li>Set a budget: It&#8217;s simple to get captured up in the excitement of playing penny vending machine, but it is necessary to set a budget plan and stick to it. Decide how much cash you want to invest and only bet what you can pay for to lose.</li><li>Play all paylines: To maximize your chances of winning, play all available paylines. Betting on several paylines raises your opportunities of striking a winning mix. Nevertheless, keep in mind that playing all paylines will certainly likewise enhance your total wager per spin.</li><li>Make the most of rewards and promos: Numerous casino sites use bonuses and promos specifically for vending machine gamers. Keep an eye out for these deals, as they can offer additional worth and boost your opportunities of winning.</li><li>Know when to leave: Similar to any kind of gambling, it&#8217;s important to understand when to walk away. If you find yourself chasing losses or investing even more cash than you intended, it&#8217;s time to pause and reevaluate.</li></ul><h2>The Background of Dime Slot Machines</h2><p>Dime vending machine have an abundant history dating back to the very early 20th century. In the very early days of slot machines, the minimal bet needed to play was often one cent. These machines quickly got popularity due to their price, enabling even those with restricted funds to appreciate the excitement of gaming.</p><p>Throughout the years, cent one-armed bandit became a mainstay in online casinos, advancing together with improvements in innovation. With the intro of electronic screens and random number generators, the gameplay experience came to be more immersive and interesting.</p><p>As casinos changed in the direction of online systems, penny slot machines likewise made the change. Today, players can enjoy penny slots both at physical gambling enterprises and on-line gambling sites, offering ease and access for all types of players.</p><h2>Tips for Playing Dime Port Machines</h2><p>If you&#8217;re new to dime fruit machine, below are a few pointers to help you begin:</p><ul><li>Beginning with a little money: When playing cent vending machine, it&#8217;s an excellent concept to start with a little bankroll. This enables you to play comfortably without taking the chance of way too much money.</li><li>Take advantage of complimentary play choices: Lots of on-line gambling enterprises offer cost-free play alternatives for penny slot machines. Make the most of these possibilities to acquaint yourself with the game and practice your approaches without running the risk of real cash.</li><li>Bet home entertainment: Remember that playing cent fruit machine ought to be mainly for entertainment purposes. While winning is constantly amazing, it is very important to method gaming with the mindset that you&#8217;re spending for an enjoyable experience.</li><li>Try various video games: With the variety of dime slots readily available, don&#8217;t hesitate to attempt different games. Each game has its own distinct functions and gameplay, so discover different choices to discover the ones you appreciate the most.</li><li>Manage your time: It&#8217;s simple to misplace time when you&#8217;re absorbed in playing cent slot machines. Establish a time frame for your gaming sessions to ensure you don&#8217;t invest more time than meant.</li></ul><h3>To conclude</h3><p>Dime vending machine supply an economical and interesting means to appreciate the excitement of gambling. With their affordable per spin and the potential for huge payouts, these makers attract gamers of all budget plans. By following the tips and methods described in this article, you can maximize your opportunities of winning and improve your overall gaming experience. So, next time you see a casino or visit to an online gambling website, do not forget to provide dime fruit machine a spin!</p><p>Keep in mind to bet responsibly and within your limitations. Betting is a type of enjoyment and need to never ever be seen as a method to earn money.</p>]]></description><link>https://m.coinsnews.com/the-novices-guide-to-cent-slot-machines</link><guid>666328</guid><author>COINS NEWS</author><dc:content /><dc:text>The Novice’s Guide to Cent Slot Machines</dc:text></item><item><title>Free Live Roulette Online: An Interesting Overview to the Video game</title><description><![CDATA[<p>If you are looking for an awesome casino video game that incorporates good luck, method, and excitement, after that roulette is the excellent selection. With its beginnings going back to 18th century France, live roulette has actually become one of one of the most prominent gambling establishment games worldwide.</p><p>Fortunately, you do not require to see a physical casino site to <a href="https://aviatoroyunu.world/" rel="nofollow noopener">Aviator Oyunu</a> enjoy this traditional video game. Online gambling enterprises provide a large range of live roulette games, including cost-free variations that allow you to play with no financial risk. In this post, we will discover the globe of free roulette online, supplying you with all the details you require to get started.</p><h2>The Basics of Roulette</h2><p>Live roulette is a gambling game used a spinning wheel separated into phoned number pockets. The objective is to predict which pocket the sphere will arrive at after the wheel stops spinning. The numbers on the wheel range from 0 to 36, with extra alternatives such as red or black, strange and even, and details ranges of numbers.</p><p>At the start of each round, gamers place their bank on the roulette table, which mirrors the numbers and choices on the wheel. As soon as the wagers are placed, the dealership spins the wheel and releases the ball. When the round lands in a pocket, the winning wagers are identified, and the payouts are made.</p><p>Live roulette supplies various wagering options, allowing gamers to choose in between risky, high-reward bets or safer, lower-payout wagers. This variety makes the video game engaging for both casual gamers and experienced casino players.</p><ul><li>Straight Bet: Betting on a solitary number</li><li>Split Wager: Betting on 2 nearby numbers</li><li>Road Wager: Betting on three numbers in a row</li><li>Corner Bet: Betting on four numbers that form a square</li><li>Line Bet: Betting on 2 nearby rows of numbers</li><li>Outdoors Bets: Betting on bigger groups of numbers, such as red or black, odd and even, or high or low numbers.</li></ul><p>Recognizing the different sorts of bets and their chances is crucial for developing a winning live roulette strategy. Free on the internet live roulette provides an excellent chance to practice and try out different betting approaches without risking your money.</p><h2>Advantages of Playing Free Roulette Online</h2><p>Playing roulette absolutely free online uses various benefits that contribute to its appeal amongst gamers. Whether you are a novice or a knowledgeable bettor, below are some benefits of playing cost-free roulette:</p><ul><li><strong>No Financial Risk:</strong> With free online roulette, you don&#8217;t need to bother with shedding money. It enables you to delight in the excitement of the game with no financial consequences.</li><li><strong>Method and Method Advancement:</strong> Free roulette gives a safe environment to practice your abilities and develop effective wagering strategies. You can try out various techniques and pick up from your errors with no stress.</li><li><strong>Acquaint Yourself with Different Variants:</strong> Online online casinos offer various roulette variants, each with its very own policies and functions. Playing for totally free allows you to try out various versions and find the one that matches your choices.</li><li><strong>Convenient and Accessible:</strong> Online roulette is readily available 24/7, allowing you to play whenever and wherever you want. All you require is a web link and a suitable gadget.</li><li><strong>No Time At All Pressure:</strong> Unlike brick-and-mortar gambling enterprises where there may be time restrictions, complimentary online roulette provides you the flexibility to take your time and make strategic decisions.</li><li><strong>Entertainment and Enjoyable:</strong> Free live roulette is not only a learning experience but also a source of enjoyment. It uses an immersive and enjoyable gameplay experience that can maintain you involved for hours.</li></ul><h2>Leading Online Operating Systems free of cost Roulette</h2><p>When it involves playing complimentary roulette online, it&#8217;s vital to locate a trustworthy and trustworthy online gambling enterprise. Below are a few of the leading systems that provide top quality free live roulette games:</p><ul><li><strong>1. Gambling establishment A:</strong> Gambling enterprise A is recognized for its comprehensive collection of complimentary roulette games. It offers a straightforward interface, smooth gameplay, and a vast array of wagering choices.</li><li><strong>2. Gambling establishment B:</strong> Online casino B offers a varied option of cost-free live roulette variations, permitting gamers to explore different styles of the video game. It likewise supplies useful tutorials and overviews for newbies.</li><li><strong>3. Gambling establishment C:</strong> Casino site C sticks out for its advanced graphics and reasonable simulation of a land-based gambling enterprise. It supplies an immersive pc <a href="https://goldengoddess-gb.top/" rel="nofollow noopener">Golden goddess slot</a> gaming experience that carefully duplicates the exhilaration of playing roulette in a physical gambling enterprise.</li><li><strong>4. Casino D:</strong> Casino D is known for its charitable incentives and advertising offers. By playing free live roulette on this system, you can likewise make the most of their welcome benefits when you determine to play with actual cash.</li><li><strong>5. Casino site E:</strong> Casino site E concentrates on giving a seamless mobile gaming experience. Their cost-free live roulette video games are fully optimized for smart phones, allowing you to appreciate the video game on the move.</li></ul><p>Prior to choosing an online gambling establishment, make certain to review evaluations, inspect their licenses, and guarantee that they prioritize justice and gamer safety.</p><h2>A Last Word</h2><p>Free live roulette online provides an excellent chance to experience the exhilaration of this classic casino site video game with no financial danger. It allows you to practice your abilities, develop techniques, and discover various live roulette variants, all from the convenience of your very own home. Remember to approach the game sensibly and choose trustworthy on the internet systems for the best pc gaming experience. Whether you are a beginner or a seasoned bettor, complimentary live roulette makes certain to provide hours of enjoyment and satisfaction.</p>]]></description><link>https://m.coinsnews.com/free-live-roulette-online-an-interesting-overview-to-the-video-game</link><guid>666188</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Live Roulette Online: An Interesting Overview to the Video game</dc:text></item><item><title>Free Blackjack Online: A Complete Overview to Playing and Winning</title><description><![CDATA[<p>If you are a follower of gambling enterprise games and enjoy the excitement of playing blackjack, after that you&#8217;ll be pleased to know that you can now enjoy this popular card ready cost-free online. Thanks to the net, you can play blackjack anytime, anywhere, without needing to tip foot in a land-based gambling establishment. In this extensive guide, we will certainly stroll you through every little thing you need to learn about playing totally free blackjack online, including the regulations, strategies, and where to discover the best platforms to play.</p><h2>What is Blackjack?</h2><p>Blackjack, additionally referred to as 21, is a gambling establishment card game that pits gamers against the dealer. The objective of the game is to have a hand worth closer to 21 than the dealer without surpassing that number. It is a game of ability and method, and it has actually been a favorite amongst casino lovers for centuries.</p><p>In blackjack, each card has a particular value. Phoned number cards (2-10) deserve their face value, while face cards (J, Q, K) are worth 10. The Ace can be worth either 1 or 11, depending on which value benefits the player the most. The video game starts with gamers getting two cards, and they can select to either &#8220;struck&#8221; (demand another card) or &#8220;stand&#8221; (keep their present hand) in order to get to a hand worth that defeats the dealership.</p><p>It is necessary to keep in mind that the objective of blackjack is not to obtain as near 21 as feasible, yet rather to beat the supplier. If a gamer&#8217;s hand exceeds 21, they go &#8220;bust&#8221; and automatically shed the round, despite the supplier&#8217;s hand.</p><h2>Playing Free Blackjack Online</h2><p>With the rise of online casino sites, gamers can currently appreciate the enjoyment of playing blackjack without running the risk of any kind of real money. Free blackjack online enables gamers to exercise their skills, learn new techniques, and have a good time without any monetary commitment.</p><p>There are numerous on the internet systems that provide cost-free blackjack video games. These platforms utilize online chips instead of actual cash, and players can renew their chip stack whenever they run out. Free blackjack games can be found in numerous styles, including single-player video games, multiplayer tables, and live supplier video games.</p><p>Among the major benefits of playing free blackjack online is the ability to experiment with different techniques without any effects. Gamers can try out different betting patterns, test out card checking techniques, and fine-tune their gameplay without risking their money. This is specifically practical for beginners that are seeking to find out the ropes of the video game.</p><h2>Benefits of Playing Free Blackjack Online</h2><p>Playing blackjack online completely free offers numerous benefits that make it an appealing alternative for both beginners and knowledgeable players alike:</p><ul><li><strong>No financial danger:</strong> With totally free blackjack, gamers can appreciate the game without worrying about shedding their hard-earned money.</li><li><strong>Technique and technique growth:</strong> Free blackjack permits players to practice their abilities and develop reliable strategies with no pressure.</li><li><strong>Convenience and access:</strong> Online blackjack can be played from the comfort of your very own home, any time of the day or evening.</li><li><strong>Wide variety of video games:</strong> Online gambling enterprises provide a large range of blackjack versions, consisting of timeless blackjack, Spanish <a href="https://sweetbonanzaslot-in.top/" rel="nofollow noopener">sweetbonanzaslot-in.top</a> 21, and modern blackjack.</li><li><strong>Social communication:</strong> Multiplayer blackjack games give an opportunity to communicate with other players from worldwide through chat functions.</li></ul><h2>Tips and Methods for Winning at Free Blackjack Online</h2><p>While blackjack is largely a lottery, there are specific techniques that can boost your opportunities of winning. Here are some pointers to keep in mind when playing totally free blackjack online:</p><ul><li><strong>Discover basic approach:</strong> Familiarize yourself with the basic blackjack strategy, which describes the very best decisions to make based upon your hand and the dealership&#8217;s upcard.</li><li><strong>Handle your money:</strong> Set an allocate your digital chips and stick to it. Avoid chasing losses and understand when to leave.</li><li><strong>Practice card counting:</strong> While card counting is not relevant in online blackjack as a result of the use of arbitrary number generators, practicing card counting can help improve your memory and decision-making skills.</li><li><strong>Make the most of bonus offers and promotions:</strong> Many on-line casinos offer incentives and promos for blackjack gamers. Make use of these deals to optimize your playing time and possible winnings.</li><li><strong>Play within your comfort area:</strong> It&#8217;s vital to dip into a table with betting limits that fit your money. This will assist you maintain control over your gameplay and stay clear of unneeded risks.</li></ul><h2>Where to Play Free Blackjack Online</h2><p>There are numerous trustworthy online gambling establishments that provide free blackjack video games. When picking a system to play, it is very important to consider elements such as game selection, interface, client support, and general online reputation. Some popular on the internet casinos that provide free blackjack consist of:</p><ul><li>Online Casino A</li><li>Online Gambling Establishment B</li><li>Online Gambling Establishment C</li><li>Online Gambling Establishment D</li></ul><p>Prior to registering for an on-line gambling establishment, make sure to check out testimonials and do thorough research study to guarantee that the platform is genuine and trustworthy.</p><h3>Conclusion</h3><p>Free blackjack online provides a hassle-free and risk-free way to enjoy this timeless gambling establishment game. Whether you are a beginner wanting to find out the ropes or an experienced player wishing to fine-tune your methods, playing totally free blackjack can be a satisfying and gratifying experience. Keep in mind to play responsibly, practice good bankroll monitoring, and have a good time!</p>]]></description><link>https://m.coinsnews.com/free-blackjack-online-a-complete-overview-to-playing-and-winning</link><guid>666189</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Blackjack Online: A Complete Overview to Playing and Winning</dc:text></item><item><title>Which Real Money Online Casino is Worth Playing At?</title><description><![CDATA[<p>You have probably heard of the numerous advantages of playing online casino that actually pays money. Super slots are probably something you&#8217;ve heard of. You may have heard of El Royale and Planet 7. But which of these casinos are actually worth the money? Let&#8217;s find out. Remember that gambling can be addictive, so make sure you&#8217;re able to manage<span id="more-584106"></span> your money. You can avoid getting carried away and losing money that you don&#8217;t by playing with a sense of responsibility.</p><h2>Super Slots is a real online casino with real money<br /></h2><p>There are a number of ways to deposit money at Super Slots Casino, including major credit cards as well as bitcoin. Other payment options are also accepted by the casino, including money orders and bank wire transfer. However, there are fees for these methods. It can <a href="https://spacemanbrazil.top/" rel="nofollow noopener">spacemanbrazil.top</a> take up to two hours to appear in your account. To avoid fees, check out the Super Slots Casino website before making any deposits. You will also find instructions to withdraw.</p><h2>Grosvenor casinos are a real money online casino<br /></h2><p>Grosvenor casinos are among the top online casino sites when you&#8217;re located in the UK. These casinos are well-known for offering a wide variety of casino games and slot machines from the top game developers. There are numerous game providers such as IGT and Novomatic, WMS and Barcrest. These games have a variety of themes and give you the chance to win big cash.</p><h2>Planet 7 is a real online casino with real money<br /></h2><p>Planet 7 is an online casino that provides hundreds of casino games. It accepts all major credit cards and PayPal and similar wire transfer services. You can also withdraw or deposit money through Bitcoin and ewallets, such as Neteller. The withdrawals at Planet 7 are simple and usually credit to your player account within just a few days. There are a number of advantages to playing at Planet 7, including a secure payment system, quick and convenient customer service, and no wagering requirements.</p><h2>El Royale is a real online casino with real money<br /></h2><p>If you&#8217;re seeking a casino application that lets you experience the thrill of Vegas without the expense, you&#8217;ll find it at El Royale. The casino&#8217;s Game of the Month Promotion is a great way to encourage new deposits. This month&#8217;s Game of the Month offer gave players a match bonus up to 175% on all deposits and 35 free spins on Witchy Wins.</p><h2>Planet 7 offers <a href="https://aviator1xbet-mz.top/" rel="nofollow noopener">aviator1xbet-mz.top</a> a no deposit bonus<br /></h2><p>If you&#8217;re looking to play games that are real money, you may have been aware of Planet 7&#8217;s no deposit bonus. The casino online is celebrating the Christmas season by giving away a free chip valued at $285. Both new and existing players can avail of the bonus. Enter the promo code &#8220;Winter25 when you sign up, or using the PC software. You&#8217;ll receive a $285 bonus once you meet the playthrough requirements.</p><h2>888casino NJ offers a no deposit bonus<br /></h2><p>888casino NJ offers real-money gaming in New Jersey. The casino is licensed by the New Jersey Division of Gaming Enforcement and offers a wide list of banking options.888casino NJ provides no deposit bonus and first deposit deals, as well as an online sportsbook and an online poker room. You can also access the casino via a mobile device or a desktop computer.</p><h2>Ignition Casino offers a no deposit bonus<br /></h2><p>No matter if you want to win big or simply play for enjoyment, Ignition Casino has you covered. There are a variety of promotions and bonuses for players to take advantage. Furthermore you don&#8217;t have to play any games at all to earn the bonus without deposit! Ignition offers a welcome bonus to new players. You can also claim an offer that does not require depositing their first deposit. Reload bonuses are also sent out each week, so if you&#8217;re looking for a reliable method to keep winning, Ignition Casino has you covered.</p>]]></description><link>https://m.coinsnews.com/which-real-money-online-casino-is-worth-playing-at</link><guid>666190</guid><author>COINS NEWS</author><dc:content /><dc:text>Which Real Money Online Casino is Worth Playing At?</dc:text></item><item><title>Best Gambling Enterprise Invite Rewards: Whatever You Need to Know</title><description><![CDATA[<p>Invite bonuses are a superb means for online casinos to attract brand-new gamers and supply them with a running start on their gaming journey. These perks, also known as sign-up bonuses or very first down payment incentives, use players a possibility to increase their first deposit and increase their opportunities of winning. In this short article, we will explore the most effective online casino welcome benefits available, just how they work, and what to consider when selecting one.</p><p>Prior to we study the information, <a href="https://plinko-ru.top/" rel="nofollow noopener">Plinko</a> it is necessary to mention that not all welcome benefits are developed equal. The betting market is very affordable, and casinos strive to surpass each various other with luring deals. Consequently, we currently have a wealth of welcome bonuses, each with its very own set of conditions.</p><h2>Exactly How do Online Casino Invite Bonus Offers Work?</h2><p>Gambling enterprise welcome bonus offers commonly can be found in the type of a match bonus offer, where the gambling establishment matches a percentage of the gamer&#8217;s initial down payment. For example, a 100% match reward on a deposit of $100 would provide the player an added $100, causing a total of $200 to have fun with.</p><p>There are usually particular limitations positioned on the perk amount, such as an optimum bonus offer cap or a minimum down payment need. Additionally, most welcome bonuses included wagering needs, which dictate how many times the perk amount need to be bet prior to any kind of payouts can be withdrawn.</p><p>It&#8217;s necessary to check out and comprehend the terms of a welcome incentive before claiming it. This will certainly aid players avoid any type of surprises and ensure they can take advantage of the reward deal.</p><ul><li><strong>Validity Period:</strong> Welcome bonuses usually have an expiration day, so it&#8217;s critical to utilize them within the given duration.</li><li><strong>Game Restrictions:</strong> Some welcome perks are restricted to particular video games or game classifications. Make sure to check if your preferred video games are eligible.</li><li><strong>Settlement Method Exemptions:</strong> Certain settlement approaches might be excluded from the benefit offer, so it is necessary to inspect if your recommended method is qualified.</li><li><strong>Betting Payments:</strong> Various video games may contribute in a different way in the direction of satisfying the wagering demands. Ports often add 100%, while table video games might contribute considerably much less or not in all.</li></ul><h2>Types of Gambling Enterprise Invite Bonuses</h2><p>Now that we have a general idea of just how welcome perks work, allow&#8217;s check out some of one of the most typical types you&#8217;re likely to come across at on the internet gambling establishments:</p><ul><li><strong>Suit Deposit Reward:</strong> As mentioned earlier, this kind of benefit matches a percent of the player&#8217;s preliminary deposit.</li><li><strong>No Down payment Benefit:</strong> These bonuses are unusual but highly demanded. Players receive a small amount of bonus offer funds or cost-free rotates upon enrollment, without the need to make a down payment.</li><li><strong>Free Rotates Reward:</strong> Rather than perk funds, some online casinos provide free spins on certain slot video games as component of their welcome bundle.</li><li><strong>Cashback Benefit:</strong> This type of benefit reimbursements a percentage of the gamer&#8217;s losses over a specific period, giving them a second possibility to win.</li><li><strong>Several Deposit Perk:</strong> Some online casinos supply welcome perks that prolong beyond the first down payment, usually covering the 2nd, 3rd, or even fourth down payments.</li></ul><h2>Elements to Take Into Consideration when Picking a Welcome Bonus Offer</h2><p>With a lot of welcome bonus offers to pick from, it is essential to consider several variables prior to making a decision:</p><ul><li><strong>Reward Quantity:</strong> Naturally, a greater bonus quantity <a href="https://sweetbonanzaslot-gb.top/" rel="nofollow noopener">Sweet bonanza slot</a> provides players a larger playing balance. Nonetheless, be cautious of exceedingly high incentives, as they might include more stringent conditions.</li><li><strong>Betting Requirements:</strong> Pay very close attention to the wagering demands connected to the incentive. Reduced betting needs make it much easier to transform the benefit right into real cash.</li><li><strong>Video game Option:</strong> Make certain that the bonus offer is applicable to the video games you delight in playing. If you prefer slots, pick an incentive that allows you to make use of the bonus offer funds or cost-free rotates on your preferred slot titles.</li><li><strong>Consumer Assistance:</strong> A trustworthy and responsive client assistance team can greatly boost your overall video gaming experience. Inspect if the casino site provides adequate assistance alternatives.</li><li><strong>Licensing and Law:</strong> It&#8217;s vital to pick a gambling enterprise that is qualified and managed by a trusted authority. This ensures reasonable gameplay and the safety and security of your individual and economic details.</li></ul><h3>Verdict</h3><p>Picking the right gambling establishment welcome perk can dramatically improve your chances of winning and lengthen your gaming sessions. However, it is essential to thoroughly understand the terms and conditions connected to each bonus offer before choosing. By considering the reward quantity, wagering requirements, video game choice, customer support, and licensing, you can make an informed choice and have a delightful and rewarding on the internet casino experience.</p>]]></description><link>https://m.coinsnews.com/best-gambling-enterprise-invite-rewards-whatever-you-need-to-know</link><guid>666191</guid><author>COINS NEWS</author><dc:content /><dc:text>Best Gambling Enterprise Invite Rewards: Whatever You Need to Know</dc:text></item><item><title>Free Spins Ports: The Ultimate Overview</title><description><![CDATA[<p>When it involves on the internet casino sites, one of the most popular attractions for gamers is the opportunity to win cost-free <a href="https://icecasino-poland.top/" rel="nofollow noopener">icecasino-poland.top</a> rotates on port video games. Free rotates supply players with a chance to rotate the reels without needing to bet any one of their very own cash. Whether you&#8217;re a skilled port fanatic or new to on the internet gaming, this overview will certainly supply you with all the info you need to understand about complimentary rotates ports.</p><p>In this write-up, we&#8217;ll check out just how complimentary rotates job, the various kinds of cost-free rotates deals offered, approaches for maximizing your cost-free rotates winnings, and the leading online gambling enterprises that supply complimentary spins ports. So, allow&#8217;s dive in!</p><h2>How Do Free Spins Work?</h2><p>Free rotates are basically free rounds on a slots. They are typically granted to players as component of an online casino promo or incentive offer. Free spins can be offered as a standalone reward or as component of a welcome plan, down payment incentive, or commitment benefit.</p><p>When you obtain totally free spins, you can utilize them to play a specific port video game or a choice of video games marked by the casino site. The number of complimentary rotates you obtain can vary, ranging from a few rotates to hundreds of rotates. Each cost-free spin is played at the minimum wager amount, and any kind of earnings built up from the free rotates are usually based on betting requirements.</p><p>It&#8217;s worth keeping in mind that totally free spins might have specific restrictions, such as a limited time frame in which they should be utilized or an optimum cashout limit on earnings. Constantly ensure to check out the terms and conditions connected with the complimentary rotates offer to totally understand the needs.</p><h2>Kinds Of Free Spins Offers</h2><p>There are a number of sorts of totally free spins deals that you might discover at on-line casino sites. Right here are one of the most typical ones:</p><ul><li>No Down Payment Free Rotates: These are cost-free rotates that are awarded to players without needing them to make a down payment. They are an excellent means to check out a new casino or slot game without risking your very own cash.</li><li>Welcome Package Free Spins: Many online casino sites offer cost-free rotates as part of their welcome bundle for new players. These totally free rotates are usually granted on the initial deposit or spread out over numerous down payments.</li><li>Reload Free Spins: Some casino sites provide routine reload benefits that include totally free spins. These perks are available to existing gamers and usually need a minimum down payment.</li><li>Loyalty Free Rotates: As a means to compensate loyal players, some gambling enterprises use cost-free rotates as component of their commitment program. These free spins can be earned by accumulating loyalty factors or reaching a particular VIP degree.</li><li>Game-Specific Free Rotates: Sometimes, gambling establishments will <a href="https://icecasino-poland.top/" rel="nofollow noopener">Ice Casino</a> certainly use complimentary rotates on a specific slot video game to advertise it or commemorate its launch. These totally free spins can only be made use of on the marked video game.</li></ul><h2>Tips for Making Best Use Of Free Spins Profits</h2><p>While complimentary rotates supply an outstanding possibility to win without risking your own money, there are strategies you can employ to maximize your winnings. Below are a couple of pointers:</p><ul><li>Check out the Conditions: Make certain to very carefully review the terms connected with the complimentary rotates deal. Take note of the betting needs, optimum cashout restrictions, and any various other restrictions.</li><li>Select High RTP Games: Seek slot games with a high Return to Gamer (RTP) portion. These video games provide far better chances of winning over time.</li><li>Handle Your Bankroll: Establish a budget for your complimentary rotates session and stick to it. Avoid chasing losses and know when to quit playing.</li><li>Benefit From Multipliers: Some free spins featured multipliers that can dramatically boost your winnings. Keep an eye out for these and make the most of them.</li><li>Play Progressive Jackpot Slot Machines: If the free rotates can be made use of on progressive prize slots, benefit from the opportunity to win a life-changing sum of cash.</li></ul><h2>Leading Online Gambling Establishments for Free Rotates Slots</h2><p>Since you have a good understanding of cost-free rotates slots, let&#8217;s have a look at several of the leading online casinos that provide this interesting attribute:</p><ul><li>Casino A: Recognized for its extensive choice of port video games and generous cost-free spins offers, Casino site A is a gamer favorite.</li><li>Gambling enterprise B: With its user-friendly interface and regular cost-free rotates promos, Casino site B supplies an awesome video gaming experience.</li><li>Gambling Establishment C: Offering a wide range of cost-free rotates slots and a profitable commitment program, Online casino C rewards players for their commitment.</li><li>Online Casino D: Featuring premier software application carriers and a range of totally free spins rewards, Casino D guarantees a pleasurable gaming experience.</li></ul><h3>Final thought</h3><p>Free rotates slots are an amazing and satisfying attribute used by online gambling enterprises. They offer gamers with the chance to win without risking their own money and can be found in numerous sorts of promos and bonuses. By following the ideas detailed in this overview, you can maximize your free rotates payouts and maximize your video gaming experience. Remember to always gamble sensibly and enjoy!</p>]]></description><link>https://m.coinsnews.com/free-spins-ports-the-ultimate-overview</link><guid>666130</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Spins Ports: The Ultimate Overview</dc:text></item><item><title>Top Online Online Casinos that Accept Bitcoin Down Payments</title><description><![CDATA[<p>Bitcoin, the world&#8217;s first and most preferred cryptocurrency, has obtained considerable traction in the last few years. One industry that has actually embraced Bitcoin is on-line gaming, with many on the internet gambling enterprises now approving Bitcoin down payments. In this post, we will certainly check out the leading online gambling enterprises that approve Bitcoin deposits, giving you with an extensive overview to the most effective Bitcoin betting experiences available.</p><h2>Why Pick Bitcoin Casinos?</h2><p>Bitcoin casinos provide a number of advantages over standard on the internet casinos. Here are some key reasons you might want to consider playing at a Bitcoin gambling enterprise:</p><p><strong>1. Anonymity:</strong> Bitcoin purchases are confidential, permitting you to keep your personal privacy while betting online. Unlike conventional casinos that need individual details, Bitcoin online casinos just need a valid email address and password for account creation.</p><p><strong>2. Safety and security:</strong> Bitcoin transactions are secured by innovative cryptographic techniques, making them highly protect. This supplies comfort understanding that your funds and personal details are secured.</p><p><strong>3. Faster Transactions:</strong> Bitcoin deals are refined nearly immediately contrasted to traditional banking methods such as charge card or bank transfers. This indicates you can begin playing your favorite video games without any hold-ups.</p><p><strong>4. Reduced Fees:</strong> Bitcoin purchases typically have actually lower charges compared to standard repayment techniques. This permits you to maximize your betting budget and keep even more of your earnings.</p><p><strong>5. Worldwide Access:</strong> Bitcoin is a decentralized money that goes beyond geographical limits. This suggests that no matter your location, you can access and dip into Bitcoin casinos without limitations.</p><ul><li><strong>BitStarz:</strong> BitStarz is a leading online casino site that approves Bitcoin down payments. With over 2,200 video games to pick from, including slots, table video games, and live dealership games, BitStarz provides a diverse and exciting gaming experience. The casino site also boasts quick withdrawals, superb client assistance, and a charitable welcome perk for brand-new gamers.</li><li><strong>FortuneJack:</strong> FortuneJack is another preferred Bitcoin online casino that offers a large range of video games, including ports, dice, and live gambling enterprise games. The casino site features an easy to use interface, fast payouts, and a range of advertising offers to boost your video gaming experience.</li><li><strong>mBit Gambling establishment:</strong> mBit Online casino is a reliable Bitcoin casino site that provides a considerable selection of games from leading software service providers. Whether you delight in ports, table video games, or <a href="https://1xbetsayt.top/" rel="nofollow noopener">1xbet сайт</a> live dealership games, mBit Gambling establishment has you covered. The gambling enterprise also provides lucrative <a href="https://1xbet-vhod.online/" rel="nofollow noopener">1xbet вход</a> benefits, a VIP program, and a rapid and safe and secure gambling setting.</li><li><strong>Bitcasino.io:</strong> Bitcasino.io is a prominent Bitcoin gambling establishment that supplies a vast collection of video games powered by excellent software carriers. The gambling enterprise includes a straightforward user interface, quick and protected purchases, and a customer-centric approach to make certain an enjoyable gambling experience.</li></ul><h2>Exactly How to Start with Bitcoin Casino Sites</h2><p>Beginning with Bitcoin casino sites is an uncomplicated procedure. Below are the actions you require to adhere to:</p><p><strong>1. Select a Bitcoin Casino:</strong> Select a reliable Bitcoin online casino from the listing over or conduct your very own research study to discover a suitable system.</p><p><strong>2. Create an Account:</strong> Enroll in an account on the selected Bitcoin casino site by providing a legitimate email address and password. Some casinos might need added confirmation steps.</p><p><strong>3. Deposit Bitcoin:</strong> After developing an account, navigate to the deposit section and select Bitcoin as your preferred payment approach. Comply with the guidelines to produce a distinct Bitcoin address and send out the desired total up to that address.</p><p><strong>4. Beginning Playing:</strong> When your Bitcoin down payment is confirmed, you can begin checking out the numerous games provided by the casino site. Pick your preferred video game, area your wagers, and delight in the excitement of on the internet gaming.</p><h2>Verdict</h2><p>Bitcoin online casinos supply an exciting and ingenious way to wager online. With the advantages of anonymity, protection, faster purchases, reduced fees, and global accessibility, they have actually become a prominent selection for lots of gamers. By choosing among the leading Bitcoin casinos pointed out in this short article, you can experience the adventure of on the internet gaming while appreciating the advantages of utilizing Bitcoin as a repayment approach.</p><p>Remember to gamble responsibly and always do complete research before choosing a Bitcoin casino. All the best and happy gaming!</p>]]></description><link>https://m.coinsnews.com/top-online-online-casinos-that-accept-bitcoin-down-payments</link><guid>666131</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Online Online Casinos that Accept Bitcoin Down Payments</dc:text></item><item><title>Online Casino Sites that Accept PayPal: A Convenient and Secure Settlement Option</title><description><![CDATA[<p>When it pertains to dipping into online casino <a href="https://skachat1xbet-by.top/" rel="nofollow noopener">скачать 1xbet</a> sites, among the most vital elements for gamers is the <a href="https://ixbet-br.top/" rel="nofollow noopener">1xbet</a> availability of trustworthy and safe payment approaches. PayPal has actually become a leading gamer in the on the internet repayment sector, offering users a hassle-free and safe and secure way to make deals. In this short article, we will check out the benefits of using PayPal as a repayment option at online gambling enterprises and give you with a list of reputable on-line gambling enterprises that approve PayPal.</p><h2>Why Choose PayPal?</h2><p>PayPal has actually gained enormous popularity worldwide because of its convenience of usage, protection features, and wide approval. Here are some reasons why PayPal is an outstanding selection for on the internet casino site players:</p><p><strong>Convenience:</strong> PayPal offers a hassle-free method to make deposits and withdrawals at online gambling enterprises. With simply a few clicks, you can move funds safely and instantaneously, enabling you to begin playing your favorite online casino video games with no delay.</p><p><strong>Protection:</strong> Among the main problems for on-line casino players is the protection of their financial information. PayPal ensures that your sensitive information, such as credit card information or checking account information, remains confidential. The system utilizes sophisticated file encryption innovation to secure your deals, supplying you with comfort while appreciating your online gambling experience.</p><p><strong>Rate:</strong> PayPal transactions are processed promptly, enabling you to down payment funds right into your gambling establishment account and start playing immediately. Withdrawals to your PayPal account are similarly quick, making sure that you can access your jackpots with no substantial delays.</p><p><strong>Flexibility:</strong> PayPal supports numerous money, making it convenient for gamers from different countries to utilize the system for their online gambling establishment deals. Whether you choose to play in Euros, Dollars, or any type of other money, PayPal has obtained you covered.</p><p><strong>Accepted at Many Online Gambling Establishments:</strong> PayPal is extensively approved as a repayment alternative at countless trustworthy on-line casinos. This makes certain that you have a vast array of options when it pertains to selecting a casino site that suits your preferences and provides a protected and pleasurable gaming experience.</p><ul><li>Online Casino site 1</li><li>Online Gambling establishment 2</li><li>Online Online casino 3</li><li>Online Gambling enterprise 4</li><li>Online Casino 5</li></ul><p>These are simply a couple of examples of trusted on-line gambling enterprises that accept PayPal. To find more online gambling enterprises that offer PayPal as a payment option, merely conduct a quick search online, and you will certainly be presented with a variety of selections.</p><h2>Exactly How to Utilize PayPal at Online Gambling Establishments</h2><p>Making use of PayPal at on the internet casino sites is exceptionally easy, and the procedure can be finished in a couple of easy actions:</p><p>1.<strong>Create a PayPal Account:</strong> If you do not already have a PayPal account, you can see the main PayPal internet site and sign up for complimentary. The registration process is simple and needs you to give some basic personal info.</p><p>2.<strong>Connect Your Checking Account or Bank Card:</strong> To make use of PayPal for on-line gambling establishment deals, you need to connect your checking account or credit card to your PayPal account. This action is required to include funds to your PayPal account or withdraw your earnings from the gambling establishment.</p><p>3.<strong>Select a PayPal Casino Site:</strong> Choose an on the internet casino from the checklist of PayPal-accepting gambling establishments. It is essential to choose a trustworthy and licensed gambling establishment to guarantee a safe and satisfying pc gaming experience.</p><p>4.<strong>Go to the Cashier:</strong> As soon as you have chosen the online casino, navigate to the cashier or banking section of the gambling enterprise website.</p><p>5.<strong>Select PayPal as the Payment Method:</strong> In the cashier area, select PayPal as your preferred settlement technique for deposits or withdrawals.</p><p>6.<strong>Get In the Desired Quantity:</strong> Define the quantity you desire to down payment or withdraw, keeping in mind any kind of minimum or optimum limits set by the on-line casino.</p><p>7.<strong>Validate the Transaction:</strong> Evaluation the transaction details and verify the repayment. You will certainly be rerouted to the PayPal internet site to visit and finish the transaction securely.</p><p>8.<strong>Beginning Playing:</strong> Once the deal is completed, the funds will be instantaneously attributed to your online casino account, allowing you to start playing your favored games today.</p><h2>Verdict</h2><p>PayPal supplies a practical and safe repayment choice for online casino gamers. With its easy to use user interface, progressed safety and security steps, and globally acceptance, PayPal has become one of the most trusted and chosen payment techniques in the on the internet gaming market. By selecting an online casino that approves PayPal, you can take pleasure in a smooth pc gaming experience without jeopardizing on the security and safety of your financial transactions. So, why wait? Register for a PayPal account today and experience the benefit of playing at online gambling enterprises that accept PayPal.</p><p>Disclaimer: The information provided in this short article is based on open sources and is for educational purposes just. This article does not promote or support gaming tasks.</p>]]></description><link>https://m.coinsnews.com/online-casino-sites-that-accept-paypal-a-convenient-and-secure-settlement-option</link><guid>666132</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Casino Sites that Accept PayPal: A Convenient and Secure Settlement Option</dc:text></item><item><title>Top Online Casinos That Approve Bitcoin: A Guide to the most effective Bitcoin Gambling Websites</title><description><![CDATA[<p>If you&#8217;re a fan of online gaming and seeking a practical and safe and secure method to position your bets and play your preferred casino video games, after that Bitcoin gambling establishments might be just what you need. Bitcoin, the <a href="https://1xbet66.click/" rel="nofollow noopener">1xbet 66</a> world&#8217;s very first decentralized electronic money, has actually changed the on the internet gambling establishment sector by using a quickly, anonymous, and secure method to make purchases. In this overview, we will explore the leading Bitcoin gambling enterprises that provide an awesome experience for gamblers worldwide.</p><h2>What are Bitcoin Casino sites?</h2><p>Bitcoin casino sites are on the internet gaming systems that accept Bitcoin as a type of payment or enable players to wager using Bitcoin. These gambling enterprises provide a wide range of gambling enterprise games, such as slots, table video games, and live supplier games, in a setting tailored to cryptocurrency users. With Bitcoin online casinos, players can appreciate the advantages of traditional on the internet casinos while taking advantage of the unique features offered by Bitcoin, such as instantaneous deals and provably fair games.</p><p>Bitcoin online casinos run likewise to routine on the internet casinos, with the included advantage of accepting Bitcoin. To start, gamers require to create an account and deposit Bitcoin into their gambling establishment pocketbook. Once the deposit is verified on the blockchain, gamers can begin playing their preferred video games with Bitcoin. Payouts can be taken out in Bitcoin or converted into traditional money for withdrawal.</p><h2>Advantages of Playing at Bitcoin Gambling Establishments</h2><p>Bitcoin casinos offer several benefits over conventional on-line gambling establishments, making them an attractive option for players worldwide.</p><p><strong>1. Privacy:</strong> Bitcoin casino sites permit players to gamble without exposing their individual details. Deals are conducted using Bitcoin addresses, making certain personal privacy and anonymity.</p><p><strong>2. Fast Purchases:</strong> Bitcoin transactions are processed instantaneously, enabling gamers to deposit and withdraw funds immediately. Typical online casinos commonly require extensive withdrawal procedures, but with Bitcoin, withdrawals can be completed within minutes.</p><p><strong>3. Provably Fair Video Gaming:</strong> Several Bitcoin casino sites use a cryptographic modern technology called conclusive justness. This technology enables players to verify the fairness of each video game&#8217;s end result and guarantees that the gambling enterprise can not adjust the outcomes.</p><p><strong>4. Reduced Costs:</strong> Bitcoin deals normally have actually lower fees contrasted to conventional settlement approaches, such as charge card and bank transfers. This suggests that gamers can enjoy even more of their earnings without excessive fees consuming right into their profits.</p><p><strong>5. International Availability:</strong> Bitcoin online casinos accept gamers from throughout the world, regardless of their place. Traditional on-line gambling enterprises might limit access based on territory, yet with Bitcoin casino sites, anyone with a web connection can join and play.</p><ul><li><strong>6. Unique Bonuses:</strong> Bitcoin gambling enterprises typically offer unique perks for gamers who transfer and bet making use of Bitcoin. These incentives can consist of cost-free rotates, deposit matches, and various other exciting benefits.</li></ul><h2>The Leading Bitcoin Gambling Establishments</h2><p>Now that you understand the benefits of playing at Bitcoin gambling enterprises, let&#8217;s discover several of the very best Bitcoin betting websites available today.</p><ul><li><strong>Gambling establishment A:</strong> Gambling establishment A is a leading Bitcoin gambling establishment known for its large selection of games and charitable bonuses. With a straightforward interface and a wide range of repayment choices, including Bitcoin, Gambling enterprise A gives a phenomenal betting experience for both brand-new and experienced gamers.</li><li><strong>Gambling establishment B:</strong> Gambling establishment B is a prominent Bitcoin online casino that supplies a substantial collection of slots, table video games, and live dealer games. With its sleek style and smooth navigation, Online casino B ensures a smooth and pleasurable pc gaming experience for Bitcoin enthusiasts.</li><li><strong>Online casino C:</strong> Casino C stands out with its cutting-edge technique to Bitcoin gaming. This online casino supplies distinct attributes, such as social video gaming and special tournaments, making it a favored among cryptocurrency fanatics.</li></ul><h2>Picking the Right Bitcoin Gambling Enterprise</h2><p>With various Bitcoin gambling enterprises readily available, it&#8217;s necessary to choose the ideal one that suits your demands and preferences. Here are a few aspects to take into consideration when choosing a Bitcoin online casino:</p><ul><li><strong>Licensing and Credibility:</strong> Ensure that the Bitcoin casino site is licensed and controlled by a <a href="https://1xbetapkdownloadforandroid.top/" rel="nofollow noopener">1xbet apk download for android</a> trustworthy authority. Search for testimonials and responses from various other players to assess the gambling establishment&#8217;s reputation.</li><li><strong>Video game Selection:</strong> Inspect if the casino uses a variety of video games that you delight in, such as ports, blackjack, live roulette, and live dealership games.</li><li><strong>Bonus offers and Promotions:</strong> Contrast the benefits and promos supplied by various Bitcoin casino sites to locate one of the most appealing deals.</li><li><strong>Customer Assistance:</strong> Test the responsiveness and helpfulness of the gambling enterprise&#8217;s consumer assistance team prior to devoting to play.</li><li><strong>Safety and Fairness:</strong> Make certain that the casino site utilizes advanced safety steps to shield your funds and individual information. Furthermore, look for provably fair games that assure fair outcomes.</li></ul><h3>In Conclusion</h3><p>Bitcoin casinos supply a special and exciting gambling experience for gamers seeking to endeavor right into the globe of cryptocurrency. With their numerous benefits, such as privacy, quick deals, and special bonuses, Bitcoin casinos are coming to be significantly popular in the on the internet gambling industry. When picking a Bitcoin online casino, keep in mind to consider factors like licensing, game selection, perks, consumer support, security, and fairness. By doing so, you can ensure a risk-free and pleasurable gaming experience at the top Bitcoin casino sites available.</p>]]></description><link>https://m.coinsnews.com/top-online-casinos-that-approve-bitcoin-a-guide-to-the-most-effective-bitcoin-gambling-websites</link><guid>666133</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Online Casinos That Approve Bitcoin: A Guide to the most effective Bitcoin Gambling Websites</dc:text></item><item><title>The Most Effective Online Casino: Your Ultimate Overview</title><description><![CDATA[<p>Welcome to our detailed overview to the very best online gambling establishment experience readily available. Whether you are a skilled bettor or brand-new to the globe of online gambling establishments, this post aims to supply you with all the necessary details to make an enlightened option. We have actually thoroughly investigated and examined numerous aspects to bring you the top online gambling enterprises that are risk-free, trustworthy, and use a phenomenal gaming experience.</p><h2>What Makes an Online Casino Site the most effective?</h2><p>Before we delve into our listing of the best online casino sites, allow&#8217;s very first go over the crucial aspects that make an on the internet gambling enterprise stick out from the remainder. These requirements will certainly assist you review and compare different casino sites to discover the one that suits your choices.</p><p><strong>Licensing and Law:</strong> The best online casinos are licensed and managed by reliable authorities such as the Malta Pc Gaming Authority, the UK Betting Payment, or the Gibraltar Betting Commissioner. These licenses ensure that the gambling enterprise runs in conformity with rigorous standards and regulations to safeguard gamers.</p><p><strong>Video game Selection:</strong> A leading online casino site supplies a wide variety of games, including popular slots, table games, and live dealer games. Look for a casino site that works together with prominent software service providers like NetEnt, Microgaming, and Playtech to make certain premium, reasonable, and pleasurable gaming experiences.</p><p><strong>Protection and Justness:</strong> The best online casinos make use of the most up to date security technology to safeguard your individual and financial info. They additionally employ random number generators (RNGs) to make certain reasonable outcomes for all video games, protecting against any control or predisposition.</p><p><strong>Rewards and Promos:</strong> Generous welcome <a href="https://b1betaviator.top/" rel="nofollow noopener">b1bet aviator</a> bonuses, normal promos, and loyalty programs are important attributes of a leading online casino site. These <a href="https://casinonetbet-br.top/" rel="nofollow noopener">Netbet casino</a> motivations not only enhance your gaming experience but also provide opportunities to win added benefits and rewards.</p><p><strong>Payment Choices:</strong> Try to find an on-line gambling establishment that offers a wide variety of secure and practical settlement methods such as credit/debit cards, e-wallets, bank transfers, and cryptocurrencies. Quick and easy withdrawals are also important.</p><p><strong>Consumer Support:</strong> Dependable consumer assistance is important for any type of on-line gambling establishment. The best online casinos supply 24/7 consumer assistance by means of various networks such as live chat, e-mail, and phone, making certain that any type of concerns or inquiries are quickly resolved.</p><ul><li>Currently, let&#8217;s move on to our very carefully curated list of the very best online casino sites.</li></ul><h2>1. Online casino X</h2><p>Gambling establishment X is a highly trustworthy on-line casino that uses an outstanding video game selection from leading software program companies. With an easy to use user interface, protected payment choices, and a generous welcome incentive, Gambling establishment X offers an outstanding video gaming experience for players of all degrees.</p><p>Secret Attributes:</p><ul><li>Over 2,000 games, including ports, table video games, and live casino.</li><li>Multiple settlement alternatives, including prominent e-wallets and cryptocurrencies.</li><li>24/7 customer support via real-time chat and email.</li><li>Lucrative welcome reward and normal promotions.</li></ul><h2>2. Spin Gambling establishment</h2><p>Spin Gambling enterprise is a well-established online casino that has actually been providing top-notch pc gaming since 2001. With its extensive game library, secure financial choices, and exceptional customer assistance, Rotate Casino provides a dependable and enjoyable betting experience.</p><p>Secret Features:</p><ul><li>500+ games, including slots, blackjack, live roulette, and live dealership games.</li><li>Fast and safe and secure payment alternatives.</li><li>24/7 consumer support via real-time conversation and e-mail.</li><li>Welcome incentive and normal promos.</li></ul><h2>3. Jackpot City</h2><p>Prize City is a prominent on the internet gambling enterprise understood for its large prize rewards and exciting video game selection. With its straightforward user interface, mobile compatibility, and superb customer care, Pot City delivers an awesome pc gaming experience to players around the world.</p><p>Secret Functions:</p><ul><li>Over 500 video games, including progressive ports, blackjack, and roulette.</li><li>Protect and convenient payment options.</li><li>24/7 consumer assistance using live conversation, email, and phone.</li><li>Financially rewarding welcome bonus offer and normal promotions.</li></ul><h2>4. Royal Panda</h2><p>Royal Panda is a popular online gambling enterprise that uses a wide variety of top notch video games and an user-friendly platform. With its impressive customer assistance, quick withdrawals, and eye-catching bonuses, Royal Panda ensures a remarkable video gaming experience for all players.</p><p>Trick Attributes:</p><ul><li>800+ games, consisting of ports, table games, and live casino.</li><li>Protect and reliable repayment alternatives.</li><li>24/7 consumer assistance via online chat, email, and phone.</li><li>Charitable welcome bonus and normal promos.</li></ul><h3>Verdict</h3><p>Selecting the best online casino requires cautious consideration of various variables such as licensing, game option, protection, bonus offers, and consumer assistance. The casino sites mentioned in this write-up stand for some of the best options readily available. Nevertheless, it is necessary to carry out additional research and review evaluations to find the one that ideal fits your choices and demands. Keep in mind, responsible betting needs to constantly be a top priority, and it is suggested to establish limits and gamble within your methods.</p><p>Satisfied gaming!</p>]]></description><link>https://m.coinsnews.com/the-most-effective-online-casino-your-ultimate-overview</link><guid>666047</guid><author>COINS NEWS</author><dc:content /><dc:text>The Most Effective Online Casino: Your Ultimate Overview</dc:text></item><item><title>Best Gaming Sites: A Comprehensive Overview to Online Gaming</title><description><![CDATA[<p>Online gambling has actually come to <a href="https://nominicasinohu.click/" rel="nofollow noopener">nominicasinohu.click</a> be a preferred form of enjoyment and a lucrative sector worldwide. With the advancement of modern technology, people can currently access a variety of wagering sites from the convenience of their homes. Nonetheless, it can be overwhelming to pick the most effective gambling sites that supply a safe and pleasurable experience. In this short article, we will check out the top-rated gaming sites that supply a diverse option of games, protected transactions, and exceptional customer service. Whether you are a skilled bettor or a beginner, this overview will certainly aid you locate the ideal on the internet gaming website.</p><h2>Aspects to Take <a href="https://totogamingcasino-tr.click/" rel="nofollow noopener">Totogaming Casino</a> Into Consideration When Picking a Betting Site</h2><p>Prior to diving right into the checklist of finest wagering websites, it is vital to understand the crucial aspects to take into consideration when making your choice:</p><p><strong>1. Licensing and Regulation:</strong> Make certain that the gambling site is licensed and regulated by a credible authority. This ensures justice, security of personal information, and appropriate handling of funds.</p><p><strong>2. Video game Choice:</strong> Seek a varied range of games that satisfy your choices. The most effective gambling websites provide a variety of options, including ports, table games, live dealer video games, and sports betting.</p><p><strong>3. Safety and security Actions:</strong> Inspect if the gambling site uses innovative protection technologies, such as SSL file encryption, to safeguard your individual and financial details.</p><p><strong>4. Payment Options:</strong> Guarantee that the betting site sustains safe and secure and convenient settlement methods that suit your demands.</p><p><strong>5. Bonuses and Promotions:</strong> Search for websites that offer appealing bonuses, such as welcome incentives, complimentary rotates, and loyalty programs. These can improve your gaming experience and raise your opportunities of winning.</p><ul><li><h2>1. Betway</h2><p>Betway is a premier on the internet gaming site that supplies a vast choice of sports wagering, gambling enterprise video games, and live supplier games. The website is licensed and managed by the Malta Video gaming Authority, ensuring a risk-free and fair gaming atmosphere. With an easy to use interface and receptive client support, Betway offers an outstanding betting experience for both newbies and seasoned players.</p><p>Trick Features:</p><ul><li>Vast array of sports wagering options, consisting of football, basketball, tennis, and a lot more</li><li>Diverse choice of casino games, consisting of ports, table games, and live dealership video games</li><li>Charitable welcome perk and regular promos</li><li>Protect and convenient settlement methods, consisting of charge card, e-wallets, and financial institution transfers</li></ul></li><li><h2>2.888 Casino</h2><p>888 Casino is a trustworthy online betting website that has been operating because 1997. It is accredited and managed by the Gibraltar Gaming Commission and the UK Betting Payment, guaranteeing a safe and fair pc gaming experience. With a vast option of port video games, table games, and live online casino choices, 888 Casino site supplies something for each gamer. The website additionally provides superb consumer support and an user-friendly interface.</p><p>Secret Functions:</p><ul><li>Over 1,000 top quality gambling enterprise video games</li><li>Real-time dealer games with expert and friendly dealerships</li><li>Lucrative welcome bonus and routine promotions</li><li>Quick and safe payment options</li></ul></li><li><h2>3. PokerStars</h2><p>PokerStars is the globe&#8217;s largest online poker website, supplying a large range of casino poker video games and competitions. It is licensed and regulated by several trusted authorities, consisting of the Island of Guy Betting Supervision Payment and the Malta Gaming Authority. With an easy to use user interface, reliable software application, and a variety of game alternatives, PokerStars is a favorite amongst texas hold&#8217;em enthusiasts.</p><p>Secret Features:</p><ul><li>Substantial choice of online poker games, consisting of Texas Hold &#8217;em, Omaha, and a lot more</li><li>Routine events with huge reward pools</li><li>Mobile-friendly platform for gaming on the move</li><li>Protect and quick settlement approaches</li></ul></li><li><h2>4. Bet365</h2><p>Bet365 is a leading online betting site that offers an extensive series of sporting activities wagering choices, gambling enterprise video games, and live dealer video games. Licensed and controlled by the UK Gambling Payment, Bet365 ensures a risk-free and protected betting experience. With affordable odds, an user-friendly interface, and a remarkable selection of video games, Bet365 is a leading option for sports wagering fanatics.</p><p>Trick Attributes:</p><ul><li>Extensive sports betting options, including prominent and niche sporting activities</li><li>High-quality live streaming of sporting events</li><li>Wide range of gambling establishment games and live supplier options</li><li>Responsive client assistance offered 24/7</li></ul></li></ul><h2>Conclusion</h2><p>Picking the best gaming website is critical for a secure and delightful online gambling experience. The sites mentioned in this article, including Betway, 888 Casino, PokerStars, and Bet365, are amongst the top-rated gambling websites recognized for their phenomenal offerings. Remember to consider aspects such as licensing, video game option, security actions, settlement options, and perks when making your option. Whether you favor sporting activities betting, gambling establishment games, or texas hold&#8217;em, these websites supply a varied range of alternatives to satisfy your gambling preferences. Start your on-line betting journey today and enjoy the thrill of winning from the convenience of your own home!</p><p>Please note: Online betting might go through lawful restrictions in some territories. Viewers are advised to examine their neighborhood legislations before participating in on the internet betting activities.</p>]]></description><link>https://m.coinsnews.com/best-gaming-sites-a-comprehensive-overview-to-online-gaming</link><guid>666048</guid><author>COINS NEWS</author><dc:content /><dc:text>Best Gaming Sites: A Comprehensive Overview to Online Gaming</dc:text></item><item><title>Dime Slots: The Ultimate Overview to Playing and Winning</title><description><![CDATA[<p>If you&#8217;re a follower of slots, opportunities are you have actually encountered dime slots. These video games are a preferred option among both new and knowledgeable gamers, providing low-stakes gambling with the capacity for good fortunes. In this thorough guide, we&#8217;ll explore the world of penny slots, discovering their basics, methods, and pointers for success.</p><h2>What are Dime Slot machine?</h2><p>Penny ports are slot machines that permit players to wager as low as one cent per spin. They are recognized for their reduced minimum wagers, making them an eye-catching option for budget-conscious gamblers. While the minimal bet <a href="https://chiemrbeast.top/" rel="nofollow noopener">Chi è mr beast</a> might be reduced, dime ports still use the chance to win considerable rewards, consisting of prizes that can reach thousands or even numerous bucks.</p><p>Unlike typical slots that accept greater denomination bets, cent slots typically feature several paylines, benefit rounds, and unique attributes. This variety of gameplay options even more boosts the enjoyment and amusement worth of playing penny ports.</p><p>When playing dime slots, it is very important to comprehend that the reduced minimum bet doesn&#8217;t always suggest reduced volatility. While the risks might be little, these video games can still create significant victories and losses, making them a tempting alternative for casino players of all levels.</p><h2>How to Play Dime Slots</h2><p>Playing cent ports is uncomplicated and very easy to understand. Right here&#8217;s a step-by-step guide to obtain you started:</p><ul><li>Select a trusted online gambling establishment or see a physical casino site that offers dime fruit machine. Make certain the casino is accredited and regulated to guarantee reasonable gameplay.</li><li>Select a dime one-armed bandit that suits your choices. With a variety of styles and functions offered, there&#8217;s a cent slot game for every preference.</li><li>Decide on your bet quantity. Penny slots enable you to adjust the number of paylines and the bet per line. It&#8217;s essential to establish a budget plan and stick to it to make sure responsible betting.</li><li>Click or tap the spin switch to start the game. The reels will certainly spin and come to a stop, exposing a random combination of signs.</li><li>If the symbols straighten along an energetic payline according to the video game&#8217;s paytable, you&#8217;ll receive a payment. Each video game has its very own distinct winning mixes and payments, so make certain to familiarize yourself with the rules prior to playing.</li><li>Make use of any perk attributes or special rounds to maximize your prospective payouts. These can consist of complimentary rotates, multipliers, wild symbols, or interactive bonus games.</li><li>Keep an eye on your money and gambling time. Penny ports can be extremely addictive, so it&#8217;s essential to set restrictions and take breaks to ensure a liable and delightful <a href="https://mrbeastnetworth-ph.click/" rel="nofollow noopener">Mr beast net worth</a> gaming experience.</li></ul><h2>Tips and Approaches for Playing Penny Slots</h2><p>While penny slots are mostly lotteries, there are techniques and pointers that can help enhance your opportunities of winning. Here are some skilled recommendations:</p><ul><li>Select penny ports with high RTP (Go back to Player) percents. Try to find games with an RTP of 96% or higher, as they tend to use much better long-lasting payment capacity.</li><li>Adhere to your budget plan and prevent chasing losses. Set a limit on how much cash you want to invest and never surpass it. It&#8217;s important to gamble responsibly and not allow feelings dictate your gameplay.</li><li>Make the most of bonuses and promos supplied by on the internet casino sites. These can consist of welcome perks, totally free spins, or reload incentives, which can enhance your money and extend your play.</li><li>Play optimum paylines to enhance your possibilities of striking winning mixes. While this might need a bigger total wager, it makes sure that you&#8217;re qualified for all possible payouts.</li><li>Method patience and manage your expectations. Penny ports are developed to be enjoyable, and while you may win big, it is very important to bear in mind that the end result is inevitably identified by arbitrary number generators.</li><li>Think about making use of betting approaches, such as the Martingale or Fibonacci systems. While these approaches can not ensure a win, they can help manage your wagers and potentially optimize your gameplay.</li></ul><h2>Last Thoughts</h2><p>Dime slots provide an accessible and awesome betting experience for gamers of all ability degrees. With their low minimum wagers and the possibility for substantial wins, they have come to be a favored among port enthusiasts worldwide. By understanding the essentials, utilizing tips and techniques, and coming close to the video game responsibly, you can enhance your pleasure of dime slots and potentially increase your possibilities of a successful video gaming session. Bear in mind to always bet responsibly and enjoy!</p><h3>Sources:</h3><p>1.https://www.example.com/penny-slots-guide</p><p>2.https://www.example.com/how-to-play-penny-slots</p>]]></description><link>https://m.coinsnews.com/dime-slots-the-ultimate-overview-to-playing-and-winning</link><guid>666049</guid><author>COINS NEWS</author><dc:content /><dc:text>Dime Slots: The Ultimate Overview to Playing and Winning</dc:text></item><item><title>Play Free Slot Machine Online: The Ultimate Guide to the very best Port Gamings</title><description><![CDATA[<p>When it concerns on the internet gaming, slots are unquestionably among the most popular selections for gamers all over the world. The enjoyment, simpleness, and capacity for good fortunes make ports a favored amongst both newbies and knowledgeable bettors. Fortunately, with the rise of on-line gambling establishments, you can currently delight in the excitement of playing slots from the convenience of your very own home. In this thorough guide, we will certainly check out everything you require to find out about playing complimentary ports online, including the top port video games, ideas for winning, and where to discover the best online gambling establishments.</p><h2>Why Play Free Slot Machine Online?</h2><p>Playing totally free slots on the internet deals countless advantages for both casual and major casino players. Below are a few reasons you need to take into consideration giving them a try:</p><ul><li><strong>No economic danger:</strong> Unlike playing ports in land-based online casinos, where you require to invest actual money, on-line slots permit you to bet totally free. This suggests you can discover numerous games, find out the policies, and establish strategies without taking the chance of any of your hard-earned cash.</li><li><strong>Unlimited range:</strong> Online online casinos supply a vast choice of slot games to choose from. Whether you like timeless fruit machines, video slots with immersive themes, or modern jackpot slots with life-altering rewards, you can discover everything online. The variety makes sure that there is always something for everybody.</li><li><strong>Convenience and ease of access:</strong> Playing slots online eliminates the demand to travel to a physical casino. You can access your favorite video games from any type of device with a net connection, be it a computer, mobile phone, or tablet computer. This benefit enables you to appreciate your favorite ports whenever and any place you desire.</li><li><strong>Technique and improve:</strong> If you&#8217;re new to ports or intend to <a href="https://bet365-app-br.top/" rel="nofollow noopener">bet365-app-br.top</a> boost your abilities, playing for complimentary is an excellent means to exercise. You can familiarize yourself with different video game auto mechanics, bonus offer features, and paytable combinations with no pressure. When you feel confident, you can then change to genuine cash play.</li><li><strong>Incentive opportunities:</strong> Online gambling enterprises typically use luring rewards and promotions to attract new players. These perks can consist of totally free spins on preferred slots, providing you a possibility to win genuine money without investing a cent. Playing complimentary ports can likewise aid you establish which video games are worth your time and money.</li></ul><h2>Leading Free Slot Gamings to Play Online</h2><p>With countless slot video games offered online, it can be frustrating to discover the ones that suit your preferences. To help you get started, below are several of the most prominent and interesting complimentary port video games:</p><p>1.<strong>Starburst:</strong> Developed by NetEnt, Starburst is a visually sensational slot with a planetary motif. It includes dynamic shades, engaging gameplay, and a profitable increasing wild feature. Starburst is understood for its low volatility and frequent payouts, making it a hit among players.</p><p>2.<strong>Huge Moolah:</strong> If you&#8217;re going after large prizes, Mega Moolah is the ready you. Created by Microgaming, this dynamic reward port has made various millionaires over the years. With its African safari style and four modern jackpots, Mega Moolah offers an exciting pc gaming experience.</p><p>3.<strong>Gonzo&#8217;s Mission:</strong> Embark on an experience with Gonzo, the Spanish vanquisher, in this preferred slot video game from NetEnt. Gonzo&#8217;s Quest features distinct avalanche reels, where symbols fall into place as opposed to rotate. The video game also supplies totally free spins with raising multipliers, increasing your chances of winning big.</p><p>4.<strong>Publication of Dead:</strong> Inspired by ancient Egypt, Book of Dead by Play &#8216;n GO is an awesome slot game with high volatility. Sign up with the fearless traveler, Rich Wilde, as you search for buried treasures and uncover covert tricks. The game&#8217;s reward attribute can award you with as much as 10 cost-free rotates and a special broadening sign for massive wins.</p><p>5.<strong>Cleopatra:</strong> Enter the globe of old Egypt with Cleopatra, among the most iconic ports from IGT. This timeless video game attributes five reels and 20 paylines, with Cleopatra herself acting as the wild symbol. With its complimentary rotates bonus offer and capacity for huge payments, Cleopatra continues to mesmerize players.</p><h2>Tips for Winning at Online Slot Machine</h2><p>While port games are mostly based upon good luck, there are a few approaches you can use to maximize your chances of winning:</p><ul><li><strong>Choose high RTP ports:</strong> RTP, or Go Back To Player, refers to the percent of wagered money that a slots repays to gamers in time. Look for ports with a high RTP, as they tend to supply better odds of winning.</li><li><strong>Handle your bankroll:</strong> Establish a budget and adhere to it. It <a href="https://bet365-brasil.top/" rel="nofollow noopener">Bet365 Cassino</a> is necessary to just wager with cash you can manage to lose. Avoid chasing losses and understand when to leave, even if you get on a winning streak.</li><li><strong>Benefit from bonus offers:</strong> Online gambling enterprises typically offer benefits and promotions that can enhance your money. Make sure to check out the terms and make the most of any kind of cost-free rotates or bonus funds.</li><li><strong>Play for enjoyable:</strong> Keep in mind that ports are implied to be enjoyable, so do not forget to enjoy while playing. Set sensible assumptions and don&#8217;t let losses affect your mood. Commemorate your success, no matter exactly how tiny.</li><li><strong>Technique accountable gaming:</strong> If you feel that your betting routines are ending up being undesirable, take a break and seek assistance if required. Gambling must constantly be done in moderation and never hinder various other important elements of your life.</li></ul><h2>Discovering the most effective Online Casino Sites totally free Slot Machines</h2><p>When it comes to playing free ports online, picking a trustworthy and reputable on the internet gambling establishment is essential. Here are a couple of elements to think about when selecting an on-line gambling enterprise:</p><ul><li><strong>Licensing and regulation:</strong> Ensure that the on the internet casino holds a legitimate permit from a reputable regulative authority, such as the UK Gaming Payment or the Malta Video Gaming Authority. This guarantees that the online casino runs fairly and complies with rigorous guidelines.</li><li><strong>Game selection:</strong> Look for on-line gambling establishments that supply a wide variety of totally free slot video games from superior software carriers. The more varied the game collection, the much more choices you have to check out and find your favorites.</li><li><strong>User experience:</strong> An user-friendly site and smooth navigating are essential for a pleasurable video gaming experience. See to it the on-line casino site works with your gadget and provides intuitive features.</li><li><strong>Consumer support:</strong> Dependable customer support is crucial in instance you encounter any kind of issues while playing. Try to find on the internet casino sites that offer multiple support networks, such as live chat, e-mail, or phone.</li><li><strong>Safe transactions:</strong> Focus on online casinos that utilize industry-standard file encryption modern technology to protect your personal and economic info. This guarantees that your data is safeguarded from unauthorized access.</li></ul><h3>Final thought</h3><p>Playing cost-free slots online provides an exciting and safe means to appreciate your preferred casino site video games. Whether you&#8217;re an experienced player or brand-new to the world of slots, the vast option of video games, the benefit of online platforms, and the possibility for big wins make it a superb selection. Bear in mind to play properly, set a budget, and have a good time as you check out the globe of online slot games.</p>]]></description><link>https://m.coinsnews.com/play-free-slot-machine-online-the-ultimate-guide-to-the-very-best-port-gamings</link><guid>666050</guid><author>COINS NEWS</author><dc:content /><dc:text>Play Free Slot Machine Online: The Ultimate Guide to the very best Port Gamings</dc:text></item><item><title>Is it really cost-free to play in casinos?</title><description><![CDATA[<p>Free game casino slots nowadays pay you money for doing absolutely nothing except for performing the required online shopping. Horizontal mortise machines operate in the same manner. However it is not a good idea to believe that everything that can be replaced <a href="https://bestenhlwettanbieter.click/" rel="nofollow noopener">Beste nhl wettanbieter</a> through the transfer<span id="more-584085"></span> of stock to conventional stocks is feasible. An ordinary bet is usually an unforced bet, and it is therefore necessary to check the features on your casino sites with care. Take time to read the terms and conditions prior to beginning to play.</p></p><p>One of the best ways to expand your understanding and abilities about free slot machines at casinos is by taking advantage of roulette bonus offers. The casinos provide an interface that allows you to play their slots with the goal of winning some amount of money free when you succeed. This could be actual cash or casino credit equivalent to real money. If you play your cards correctly, you can be lucky and win a larger amount of money when you are on an unbeaten streak.</p></p><p>Jackpot betting is the most awaited free casino slot game. These offer you the opportunity of earning a real money casino bonus. The bonus will be credited to your account at the time of the iOS device&#8217;s completion. Certain sites provide players with free bonuses for playing in their loyalty program. Other sites offer a larger jackpot when you earn points playing their betting games regularly.</p></p><p>There is another kind of bonus that can be won when you play your favorite free game. This is called the European roulette bonus. In this case the bonus is credited as an European Euro if you win. In some instances, additional credit may be given as an extra prize. This is done to draw players to the website and increase their revenue.</p></p><p>Before you decide to play at an casino online, take into consideration all the information. You must also be aware of any bonuses that may be included with the actual offer. All of these factors must be carefully considered in order that you are able to determine if the offer is worth your time.</p></p><p>To get visitors to their website Some online casinos offer no-cost casino games. This is typically part of a promotional scheme. Online casinos may offer free online slots for players who sign up to their monthly newsletter. These newsletters are offered to those who have expressed an interest in learning more about online casinos. Some casinos also offer free slots to welcome new customers.</p></p><p>Casinos online offer more than free slot machines. Many online casinos offer promotions that allow players to play for no cost using real money. You can find free slot games available in addition to cash games. Some of these promotions are focused on giving you the chance to play free. Some may require you to make a deposit to unlock the bonus area to play with real money.</p></p><p>You can win real money playing games for free that are not paid for. You should be aware that when you play these games for free, <a href="https://sportwettenschweiz-app.top/" rel="nofollow noopener">Sportwetten schweiz app</a> you could lose any money that you have placed in the virtual machine. Also, you should be aware that if you get too obsessed with winning that you could lose all your money in one go. Before you make a bet online using real money, it&#8217;s essential to think about all of these points.</p>]]></description><link>https://m.coinsnews.com/is-it-really-cost-free-to-play-in-casinos</link><guid>665986</guid><author>COINS NEWS</author><dc:content /><dc:text>Is it really cost-free to play in casinos?</dc:text></item><item><title>What is Alclometasone Dipropionate Cream Made Use Of For: A Helpful Overview</title><description><![CDATA[<p>Alclometasone dipropionate <a href="https://urotexforte.top/" rel="nofollow noopener">urotex forte</a> lotion is a topical corticosteroid drug that is largely utilized to deal with numerous skin problem. This post will certainly offer an informative overview to aid you comprehend what alclometasone dipropionate lotion is used for, how it works, prospective negative effects, and various other vital details.</p><h2>Understanding Alclometasone Dipropionate Lotion</h2><p>Alclometasone dipropionate cream belongs to a team of drugs called corticosteroids. It is available as a prescription-only medicine as well as is mainly made use of for its anti-inflammatory and also immunosuppressive residential or commercial properties. The cream consists of alclometasone dipropionate as its active ingredient, which assists minimize skin swelling and itching.</p><p>This cream is normally recommended for temporary usage to take care of various skin disease. It is very important to follow your doctor&#8217;s instructions and also to use the cream as routed. Do not use it for a longer period or in larger amounts than suggested, as this can increase the danger of negative effects.</p><p>Alclometasone dipropionate lotion is commonly available as a 0.05% focus, which appropriates for many skin problem. However, your doctor might prescribe a different concentration based upon the extent of your problem as well as your individual demands.</p><h2>Problems Treated with Alclometasone Dipropionate Lotion</h2><p>Alclometasone dipropionate lotion is utilized to deal with a variety of skin conditions, consisting of:</p><ul><li>Dermatitis: This persistent problem triggers dry, scratchy, and also irritated skin. Alclometasone dipropionate lotion helps in reducing inflammation as well as soothes the signs and symptoms of dermatitis.</li><li>Psoriasis: This autoimmune condition leads to the rapid development of skin cells, leading to red, flaky spots. The cream aids ease the inflammation as well as scaling associated with psoriasis.</li><li>Dermatitis: Alclometasone dipropionate lotion can be utilized to manage different kinds of dermatitis, including sensitive get in touch with dermatitis and atopic dermatitis. It decreases the inflammation as well as itchiness caused by these problems.</li><li>Seborrheic dermatitis: This condition impacts locations of the skin with a high concentration of oil glands, such as the scalp, face, and also upper body. Alclometasone dipropionate cream assists relieve the soreness, itching, and also scaling associated with seborrheic dermatitis.</li><li>Allergies: The cream may additionally be recommended to manage skin swelling triggered by allergic reactions to toxic irritants or irritants.</li></ul><p>It is important to keep in mind that alclometasone dipropionate cream ought to not be used to deal with infections, acne, or baby diaper breakout. If you are not sure regarding the details condition you have or the suitable therapy, consult your <a href="https://cardiotoncaps.top/" rel="nofollow noopener">cardioton capsule price in india</a> doctor for an appropriate diagnosis as well as treatment plan.</p><h2>Exactly How Alclometasone Dipropionate Lotion Works</h2><p>Alclometasone dipropionate lotion works by lowering inflammation as well as reducing the immune feedback in the skin. When used topically, the lotion is absorbed right into the skin cells as well as binds to certain receptors. This causes a series of reactions that assist relieve inflammation and itchiness.</p><p>By reducing inflammation, alclometasone dipropionate lotion helps eliminate signs and symptoms such as redness, swelling, and itching. It likewise assists avoid the too much manufacturing of skin cells, which is frequently seen in conditions like psoriasis.</p><p>The cream ought to be applied very finely and also evenly to the affected location of the skin. Delicately massage it into the skin up until it is fully absorbed. Prevent applying the cream to open injuries, busted skin, or areas with an active infection, unless specifically routed by your doctor.</p><h2>Possible Adverse Effects of Alclometasone Dipropionate Cream</h2><p>Similar to any drug, alclometasone dipropionate cream might cause negative effects, although not everyone experiences them. Typical adverse effects may include:</p><ul><li>Light burning or stinging sensation</li><li>Itching or irritability at the application website</li><li>Dry skin</li><li>Redness</li><li>Allergic reactions (uncommon)</li></ul><p>If any of these side effects persist or intensify, call your doctor. It is essential to report any severe or worrying negative effects, such as skin thinning, stretch marks, or adjustments in skin shade, as they may call for medical interest.</p><p>It is also essential to follow your healthcare provider&#8217;s instructions regarding the period of therapy and also any essential safety measures. Long term or excessive use of alclometasone dipropionate cream can boost the danger of side effects.</p><h3>Verdict</h3><p>Alclometasone dipropionate cream is a topical corticosteroid utilized to treat various skin disease such as dermatitis, psoriasis, and also dermatitis. It functions by minimizing inflammation and also reducing the immune reaction in the skin. While it can supply relief from signs, it is essential to use the lotion as routed and report any concerning negative effects to your doctor. Keep in mind, alclometasone dipropionate cream should just be utilized under the assistance of a healthcare professional and is not suitable for everyone. Consult your doctor for a correct diagnosis as well as treatment plan tailored to your private requirements.</p>]]></description><link>https://m.coinsnews.com/what-is-alclometasone-dipropionate-cream-made-use-of-for-a-helpful-overview</link><guid>665987</guid><author>COINS NEWS</author><dc:content /><dc:text>What is Alclometasone Dipropionate Cream Made Use Of For: A Helpful Overview</dc:text></item><item><title>Estradiol Genital Lotion: An Effective Treatment for Vaginal Dryness and also Atrophy</title><description><![CDATA[<p>Estradiol vaginal lotion is a prescription drug which contains the hormone estradiol, a type of estrogen. It is mainly used to deal with genital dryness as well as degeneration, an usual condition that impacts lots of ladies, especially during as well as after menopause.</p><p>Menopause is a natural biological process that happens in ladies normally in between the ages of 45 as well as 55. During this time around, the ovaries progressively generate much less estrogen and also progesterone, causing various signs and symptoms such as hot flashes, mood swings, and vaginal dry skin.</p><h2>Just How Estradiol Vaginal Lotion Works</h2><p>Estradiol genital lotion is particularly developed to eliminate the signs of vaginal dry skin as well as degeneration. When applied directly to the vaginal area, estradiol is taken in right into the cells as well as assists to replenish estrogen degrees, advertising the enlarging of the genital cellular lining and raising vaginal secretions.</p><p>Estrogen plays a vital duty in maintaining genital wellness. It assists to keep the genital cells elastic, lubricated, and well-nourished. Nonetheless, as estrogen degrees decline during menopause, the vaginal cells become thin, completely dry, as well as much less flexible, bring about pain, itching, and pain throughout intercourse. Estradiol genital cream aids to reverse these changes and also reduce these signs and symptoms.</p><p>Estradiol vaginal lotion is offered in various toughness, and the proper dosage will be determined by your doctor based upon your specific needs. It generally <a href="https://uromexil-forte.site/" rel="nofollow noopener">uromexil forte v lekarni</a> features an applicator that enables simple as well as <a href="https://depanten.online/" rel="nofollow noopener">depanten pret</a> exact application.</p><h2>Just How to Use Estradiol Vaginal Lotion</h2><p>Prior to making use of estradiol genital lotion, it is essential to check out the directions offered with the drug and follow your healthcare provider&#8217;s support. Below are some general standards:</p><ul><li>Laundry your hands thoroughly prior to and after applying the lotion.</li><li>Get rid of the cap from the tube as well as affix the applicator provided.</li><li>Squeeze a percentage of cream right into the applicator.</li><li>Lie on your back with bent knees or stand with one foot on a chair, whichever is most comfortable for you.</li><li>Gently put the applicator right into the vagina regarding it easily goes.</li><li>Gradually push the bettor to release the lotion right into the vaginal canal.</li><li>Eliminate the applicator and clean it with light soap and warm water. Do not utilize warm water or harsh cleansers.</li><li>You might use a sanitary pad or panty lining to protect your clothing, as some leakage might take place.</li></ul><p>It is typically recommended to use estradiol vaginal cream at the lowest efficient dosage for the quickest period required to minimize signs. Your doctor will certainly assist you on the suitable duration of therapy based upon your private circumstance.</p><h2>Feasible Side Effects</h2><p>Like any kind of drug, estradiol vaginal lotion might trigger negative effects in some individuals. Typical side effects might include frustration, breast tenderness, vaginal bleeding or finding, itching or irritability in the genital location, and boosted danger of urinary system infections.</p><p>It is essential to call your healthcare provider if you experience any kind of unusual or serious negative effects while using estradiol vaginal cream. They can assess your signs and symptoms and establish if any kind of changes to your treatment strategy are necessary.</p><h2>Considerations as well as Precautions</h2><p>Prior to using estradiol genital cream, it is necessary to discuss your case history and also any type of current medications or supplements with your doctor. Specific problems, such as a background of breast cancer, embolism, or liver condition, may impact the viability of making use of estrogen therapy.</p><p>Estradiol vaginal cream need to not be made use of by people that are pregnant, breastfeeding, or have undiagnosed vaginal bleeding.</p><h3>In Conclusion</h3><p>Estradiol genital cream is a secure and also efficient treatment for vaginal dryness and atrophy that commonly accompanies menopause. By renewing estrogen levels, it helps to relieve pain, enhance lubrication, and restore the general health of the vaginal cells.</p><p>If you are experiencing symptoms of genital dry skin or degeneration, consult your doctor to go over whether estradiol genital cream might be a suitable option for you. They can supply individualized assistance and assistance to aid you manage this usual and also treatable problem.</p>]]></description><link>https://m.coinsnews.com/estradiol-genital-lotion-an-effective-treatment-for-vaginal-dryness-and-also-atrophy</link><guid>665988</guid><author>COINS NEWS</author><dc:content /><dc:text>Estradiol Genital Lotion: An Effective Treatment for Vaginal Dryness and also Atrophy</dc:text></item><item><title>Online Gambling Enterprises with PayPal: Secure and Convenient Gambling</title><description><![CDATA[<p>Invite to the world of online gambling establishments! The net has transformed the gaming industry, <a href="https://internetwettenbonus.top/" rel="nofollow noopener">Internet wetten bonus</a> allowing players from around the world to enjoy their preferred casino site video games without ever before leaving the convenience of their very own homes. One of one of the most popular and convenient methods of repayment within the online gaming area is PayPal <a href="https://mejorescasasdeapuestas.space/" rel="nofollow noopener">Mejores casas de apuestas deportivas en espa├▒a</a>. In this article, we will certainly explore the benefits and advantages of making use of PayPal as a payment approach for online gambling enterprises.</p><p>PayPal is an extensively identified and trusted on the internet payment platform that permits individuals to safely send out and get cash over the internet. With countless users worldwide, PayPal has actually become one of the leading companies of on-line settlement solutions. Its appeal originates from the high level of safety and security it uses, as well as the convenience of usage and benefit it provides to its customers.</p><h2>The Benefits of Using PayPal for Online Online Casino Settlements</h2><p>When it concerns on the internet gambling, security is of utmost significance. Gamers wish to make certain that their financial information is safe and secured from potential threats. That&#8217;s where PayPal is available in. By utilizing PayPal as a payment method, on-line casino site players can take pleasure in the following benefits:</p><ul><li><strong>Secure Purchases:</strong> PayPal uses advanced file encryption modern technology to ensure that all transactions are safely processed. This indicates that your economic information is secured from unapproved accessibility.</li><li><strong>Personal privacy:</strong> When you make a payment using PayPal, you don&#8217;t have to reveal your bank card or checking account information to the on the internet gambling enterprise. This includes an additional layer of personal privacy and aids to stop potential identification burglary.</li><li><strong>Speed and Convenience:</strong> PayPal offers instant deposits and quick withdrawals, allowing you to start playing your favorite online casino games immediately. Furthermore, PayPal is commonly approved by the majority of on the internet casinos, making it a practical option for players worldwide.</li><li><strong>Consumer Protection:</strong> PayPal has a strong purchaser protection policy in place. If you come across any type of problems with an on-line casino site, such as non-payment of profits, you can submit a dispute with PayPal and they will certainly investigate the issue in your place.</li></ul><h2>Just How to Make Use Of PayPal for Online Gambling Establishment Payments</h2><p>Using PayPal to make online gambling enterprise repayments is an uncomplicated procedure. Right here&#8217;s a detailed guide to help you get started:</p><ol><li>Create a PayPal Account: If you don&#8217;t already have a PayPal account, you&#8217;ll require to sign up for one. Go to the PayPal web site and comply with the triggers to create your account. It&#8217;s complimentary and just takes a few mins.</li><li>Confirm Your Account: Once you&#8217;ve created your PayPal account, you&#8217;ll need to verify it. This includes linking your PayPal account to your savings account or credit card. PayPal will direct you via the confirmation procedure to ensure your account is safe.</li><li>Locate an Online Casino Site that Accepts PayPal: Not all on the internet casino sites approve PayPal as a repayment approach, so it&#8217;s important to find one that does. You can search for PayPal casino sites online or look into gambling enterprise review web sites for referrals.</li><li>Make a Down payment: When you&#8217;ve discovered an online casino site that approves PayPal, browse to the cashier or payment section of the gambling enterprise web site. Select PayPal as your settlement method and go into the amount you want to down payment. Follow the triggers to complete the deal.</li><li>Begin Playing: As soon as your deposit has actually been successfully processed, you can begin playing your favorite gambling enterprise games! Appreciate the exhilaration and adventure of on the internet gaming with the peace of mind that originates from making use of PayPal as your settlement technique.</li></ol><h2>Final thought</h2><p>To conclude, PayPal gives a safe and convenient means to make on-line gambling establishment payments. With its innovative security measures, personal privacy features, and consumer defense policies, PayPal offers on-line gambling enterprise players peace of mind when it concerns their monetary purchases. Whether you&#8217;re a skilled gambler or a novice gamer, utilizing PayPal as your payment technique can boost your on the internet betting experience and make certain that your funds are firmly and effectively took care of.</p><h3>Disclaimer:</h3><p>This short article does not offer lawful suggestions or recommend any type of specific online casino site or gaming task. Please ensure that on-line betting is legal in your jurisdiction and play properly.</p>]]></description><link>https://m.coinsnews.com/online-gambling-enterprises-with-paypal-secure-and-convenient-gambling</link><guid>665989</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Gambling Enterprises with PayPal: Secure and Convenient Gambling</dc:text></item><item><title>The Very Best Online Online Casino Settlement Techniques: A Comprehensive Overview</title><description><![CDATA[<p>When it involves on the internet gambling, among the crucial aspects that players consider is the schedule of secure and convenient payment methods. With the increasing appeal of on the internet casino sites, it is essential to select a trustworthy settlement technique that supplies quick and easy transactions.</p><p>In this post, we will certainly check out the very best online gambling enterprise payment techniques readily available, discussing their attributes, benefits, and prospective disadvantages. Whether you choose traditional choices or electronic options, there is a repayment method appropriate for everyone.</p><h2>1. Credit Scores and Debit Cards</h2><p>Credit score and debit cards are commonly approved in the on the internet casino site sector and remain among the most popular repayment techniques among gamers. Major card companies such as Visa, Mastercard, and American Express are commonly sustained by reliable on the internet gambling enterprises.</p><p>The advantages of utilizing credit score and debit cards for on-line gambling enterprise deals consist of:</p><ul><li>Wide acceptance and accessibility</li><li>Quick and easy deposits</li><li>Improved safety and security steps</li></ul><p>Nevertheless, it is necessary to note that some financial institutions might obstruct deals related to online gambling, considering it a high-risk task. In <a href="https://1x-turkey.click/" rel="nofollow noopener">1xbet</a> addition, withdrawals to cards might take longer contrasted to other repayment techniques.</p><h2>2. E-wallets</h2><p>E-wallets have gotten tremendous appeal in recent times as a hassle-free and safe payment technique for on the internet gambling establishment gamers. These electronic wallets act as intermediaries between your checking account and the on the internet gambling enterprise, allowing for simple transactions without sharing sensitive financial info.</p><p>Popular e-wallets made use of in on-line casino sites consist of Skrill, Neteller, and PayPal. The benefits of using e-wallets consist of:</p><ul><li>Instantaneous deposits and withdrawals</li><li>Boosted personal privacy and security</li><li>Capacity to link numerous checking account or cards</li></ul><p>Nevertheless, it is necessary to keep in mind that some e-wallets might charge purchase costs, and not all on the internet gambling enterprises accept every e-wallet. As a result, it is essential to check the availability of your favored e-wallet before registering.</p><h2>3. Prepaid Cards</h2><p>Pre-paid cards are an excellent alternative for players that choose to maintain control over their betting expenditures. These cards function likewise to debit cards however are not linked to a savings account. Users can fill cash onto the card and use it for <a href="https://1xbetappuz.top/" rel="nofollow noopener">1xbet app</a> online transactions.</p><p>Popular pre paid card choices consist of Paysafecard and ecoPayz. The advantages of using prepaid cards at on-line gambling establishments consist of:</p><ul><li>Control over investing limits</li><li>Enhanced security without requirement to share bank information</li><li>Easy schedule and ease of access</li></ul><p>Nevertheless, it is very important to take into consideration that prepaid cards may have restrictions on the maximum amount you can load onto the card, and withdrawals to pre-paid cards are not always possible.</p><h2>4. Cryptocurrencies</h2><p>In recent years, cryptocurrencies have emerged as a prominent settlement method in the on the internet gambling establishment sector. Bitcoin, Ethereum, and other cryptocurrencies supply a decentralized, safe and secure, and private means of making transactions.</p><p>The advantages of using cryptocurrencies for on the internet betting consist of:</p><ul><li>Privacy and personal privacy</li><li>Quick and safe purchases</li><li>Lower purchase costs contrasted to standard approaches</li></ul><p>Nonetheless, it is very important to note that not all online casino sites approve cryptocurrencies, and their value can be unstable. Additionally, individuals require to have a fundamental understanding of cryptocurrencies to use them properly.</p><h2>Verdict</h2><p>Picking the right payment approach for online casino site purchases is essential for a smooth and satisfying gaming experience. Credit report and debit cards, e-wallets, pre-paid cards, and cryptocurrencies all use special advantages and deal with different preferences.</p><p>Prior to picking a payment approach, it&#8217;s vital to consider elements such as transaction rate, protection, accessibility, and prospective costs. By comprehending the advantages and disadvantages of each method, players can make a notified choice and have a seamless on the internet casino site experience.</p>]]></description><link>https://m.coinsnews.com/the-very-best-online-online-casino-settlement-techniques-a-comprehensive-overview</link><guid>665936</guid><author>COINS NEWS</author><dc:content /><dc:text>The Very Best Online Online Casino Settlement Techniques: A Comprehensive Overview</dc:text></item><item><title>What You Need to Know About Writing a Term Paper</title><description><![CDATA[</p><p>Term documents are worksheets that are utilised to search for your school course or study. It is an excellent way to receive your newspapers written as you&#8217;ll have the ability to utilize it in <a href="https://corretor-de-texto.com/corretor-de-texto-ingles" rel="nofollow noopener">corretor de texto ingles</a> order to help your brain to recall what you&#8217;ve learned.<span id="more-584074"></span> But, when writing a term paper, it is necessary to understand what to expect. You have to be certain that your article is acceptable and suitable for the college level before you publish it.</p><p>In writing a term paper, there are a few things you want to be on the lookout for to be able to allow it to be perfect. The first thing you need to think about is whether you&#8217;re likely to write all of it by yourself or hire a term paper author. Should you decide to do it all by yourself, you want to have basic knowledge about what it is that you will do.</p><p>To make sure your term paper isn&#8217;t rejected, you will need to make sure that the first draft is ideal. Your grammar and punctuation are extremely important and you should make sure the article is grammatically accurate. After you finish writing, you have to assess the essays for errors. The whole process of writing a term paper is a painstaking work so you ought to be sure your draft remains clean. You may ask your friends to test it as well.</p><p>One other important point that you will need to consider is whether you will use an internet tool or have a term paper author to perform the job for you. It&#8217;s clear that if you are likely to use an internet tool, you have to be able to know how to manage it and also to get an outstanding result. 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Each card has a certain worth: phoned number cards are worth their stated value, face cards (King, Queen, Jack) are worth 10, and an Ace can be worth either 1 or 11, depending upon which value profits the gamer much more.</p><p>The video game begins with the player and the supplier each getting 2 cards. The gamer&#8217;s cards are dealt face-up, while among the supplier&#8217;s cards is face-up, and the other is face-down. Based upon the cards they have been dealt, gamers choose to either &#8220;struck&#8221; (receive an extra card) or &#8220;stand&#8221; (not take any more cards). The goal is to get as near to 21 as feasible without looking at. If a player&#8217;s hand surpasses 21, they bust and shed the round.</p><p>As soon as all players have made their decisions, the dealer reveals their face-down card. The dealership must follow particular rules based on the complete worth of their hand. For instance, if the dealer has a hand value of 16 or much less, they must hit. If the supplier has a hand value of 17 or more, they must stand. If the dealer busts, all gamers that haven&#8217;t broken themselves win the round. If not, the player with a hand value closer to 21 than the supplier&#8217;s success.</p><ul><li>Blackjack pays 3:2: If a player is dealt an Ace and a card with a worth of 10 (10, Jack, Queen, or King), they have a blackjack and automatically win, normally making a greater payment.</li><li>Insurance policy: In some variants of blackjack, players have the option to take insurance policy when the dealership&#8217;s face-up card is an Ace. Insurance is basically a side wager that safeguards the player&#8217;s preliminary bet in situation the dealership has a blackjack. However, insurance policy is usually thought about much less desirable in the long run.</li><li>Splitting: If a gamer is dealt 2 cards of the very same worth, such as two 7s, they have the option to split the cards right into 2 separate hands, each with its own bet. This permits gamers to potentially increase their profits or recuperate from a losing hand.</li><li>Increasing Down: Players have the alternative to increase their initial wager after getting their first 2 cards. In return, they obtain one added card and has to after that stand. Increasing down is beneficial when the gamer&#8217;s hand worth is 9, 10, or 11, specifically if the supplier&#8217;s face-up card is weak.</li></ul><h2>The Benefits of Free Online Blackjack</h2><p>Playing complimentary online blackjack provides many benefits, making it an eye-catching option for both beginners and experienced gamers alike. Right here are a few of the advantages:</p><ul><li><strong>No monetary threat:</strong> Unlike playing in a standard casino site, cost-free online blackjack allows you to play without betting any actual cash. This eliminates the anxiety of shedding and offers a trouble-free pc gaming experience.</li><li><strong>Method and skill advancement:</strong> Free online blackjack is an exceptional platform for exercising your skills and establishing methods. Whether you&#8217;re a newbie learning the essentials or a knowledgeable player refining your techniques, playing for complimentary allows you to experiment and boost your video game with no repercussions.</li><li><strong>A wide array of games:</strong> Online casino sites use a substantial selection of cost-free blackjack games with various variations, guidelines, and wagering limitations. This allows you to explore and discover the game that fits your preferences, whether it&#8217;s classic blackjack, European blackjack, or progressive blackjack.</li><li><strong>Convenience and accessibility:</strong> Playing totally free online blackjack gives you the freedom to enjoy your favorite game anytime, anywhere. You can use your desktop, laptop, or smart phone, offering adaptability and ease that traditional online casinos can not match.</li><li><strong>Discovering at your very own pace:</strong> Free <a href="https://ktobrasil-loginentrar.click/" rel="nofollow noopener">KTO Cassino</a> on the internet blackjack enables you to discover and recognize the video game at your very own rate. You can take your time to choose, consult strategy overviews, and even utilize interactive tutorials to enhance your understanding of the video game.</li></ul><h2>Tips for Playing Free Online Blackjack</h2><p>While playing complimentary online blackjack does not include genuine cash, it&#8217;s constantly a great idea to approach the game strategically. Right here are some tips to enhance your complimentary online blackjack experience:</p><ul><li><strong>Recognize the regulations:</strong> Before diving right into any kind of blackjack video game, see to it you comprehend the particular guidelines and variations. Familiarize on your own with the different methods required for each and every variation, and adjust your gameplay appropriately.</li><li><strong>Use strategy graphes:</strong> Method graphes supply beneficial assistance on the optimal transfer to make based on your hand and the supplier&#8217;s upcard. These graphes are quickly accessible online and can assist you make notified choices during gameplay.</li><li><strong>Exercise standard strategy:</strong> Basic strategy is a mathematically tested method that decreases the house side and maximizes your possibilities of winning. Practice and excellent your standard strategy abilities in cost-free on the internet blackjack to boost your success in real-money games.</li><li><strong>Handle your money:</strong> Even though you&#8217;re not wagering real money in totally free online blackjack, it&#8217;s still essential to manage your digital bankroll properly. Set limitations on how much you&#8217;re willing to wager and adhere to them to prevent creating negative routines.</li><li><strong>Experiment with different approaches:</strong> Betting free enables you to try out different strategies and wagering patterns without any risk. Use this possibility to try out new techniques and examine their performance in different situations.</li></ul><h3>Final thought</h3><p>Free online blackjack is an outstanding method to delight in the exhilaration of the video game without any monetary danger. It offers an excellent system for players to exercise, learn, and establish techniques that can be used in real-money video games. By capitalizing on the comfort and ease of access of on the internet casinos, you can embark on your blackjack journey and sharpen your abilities to come to be an awesome gamer. So, why not provide it a try and experience the adventure of cost-free on the internet blackjack today!</p>]]></description><link>https://m.coinsnews.com/free-online-blackjack-the-ultimate-overview-for-players</link><guid>664901</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Online Blackjack: The Ultimate Overview for Players</dc:text></item><item><title>Mastercard Casino Sites: A Comprehensive Overview to Online Gambling with Mastercard</title><description><![CDATA[<p>Welcome to our detailed guide on Mastercard online casinos and <a href="https://betano-app.click/" rel="nofollow noopener">Betano Cassino</a> online gaming. In this write-up, we will explore whatever you need to understand about utilizing Mastercard as a payment method for online gambling enterprises. Whether you are brand-new to on-line betting or a skilled gamer, this guide will certainly provide you with useful info and suggestions to boost your on-line casino experience.</p><p>Mastercard is one of the most extensively accepted and relied on payment techniques worldwide. With its safe and convenient attributes, it has actually come to be a preferred choice for on-line bettors. In this overview, we will certainly discuss exactly how to make use of Mastercard for on-line gambling, the advantages and drawbacks of utilizing Mastercard, along with the very best Mastercard online casinos readily available.</p><h2>Using Mastercard for Online Gambling</h2><p>Utilizing Mastercard for online gaming is uncomplicated and convenient. Most on-line gambling establishments approve Mastercard as a payment approach, allowing you to make deposits and withdrawals quickly. To make use of Mastercard at an on-line casino site, you require to comply with these simple actions:</p><ul><li>Subscribe or log in to your preferred online gambling enterprise.</li><li>Browse to the &#8220;Cashier&#8221; or &#8220;Financial&#8221; area.</li><li>Select Mastercard as your favored repayment approach.</li><li>Enter your card details, including the card number, expiration date, and CVV code.</li><li>Define the quantity you desire to down payment or take out.</li><li>Validate the purchase and await the procedure to complete.</li></ul><p>It&#8217;s important to note that while many on the internet casino sites approve Mastercard, there may be some restrictions based on your place and the online casino&#8217;s plans. It&#8217;s always recommended to check the gambling establishment&#8217;s terms and conditions or call their client support for any type of details standards regarding the use of Mastercard for online betting.</p><h2>Benefits of Using Mastercard for Online Gambling</h2><p>There are numerous advantages to utilizing Mastercard for online gaming:</p><ul><li><strong>Safety and security:</strong> Mastercard utilizes advanced safety procedures to secure your personal and financial details. With functions like security and safe and secure code verification, you can delight in a safe and safe online gaming experience.</li><li><strong>Benefit:</strong> Utilizing Mastercard allows for fast and convenient deposits and withdrawals. Purchases are processed instantaneously, allowing you to start playing your favored gambling establishment games with no hold-ups.</li><li><strong>Wide Approval:</strong> Mastercard is extensively accepted at online casino sites worldwide. Whether you intend to play at a regional or global casino site, possibilities are they will accept Mastercard as a settlement approach.</li><li><strong>Rewards and Advantages:</strong> Some Mastercard providers offer benefits and benefits for utilizing their cards, such as cashback or exclusive promos. By utilizing your Mastercard for on the internet betting, you can benefit from these perks.</li></ul><h2>Drawbacks of Using Mastercard for Online Gambling</h2><p>While there are several benefits to utilizing Mastercard for online gaming, it&#8217;s essential to take into consideration the disadvantages also:</p><ul><li><strong>Withdrawal Limitations:</strong> Some on the internet casino sites may have constraints or charges for withdrawing funds to a Mastercard. It&#8217;s critical to check the online casino&#8217;s terms and conditions to understand any type of restrictions that may apply.</li><li><strong>Reliance on Banks:</strong> The effectiveness of utilizing Mastercard for on-line gambling might depend upon your financial institution&#8217;s policies. Some banks may impose extra costs or block deals associated with online betting.</li><li><strong>Personal privacy Problems:</strong> While Mastercard ensures the security of your data, <a href="https://blaze-jogos.click/" rel="nofollow noopener">blaze-jogos.click</a> some people may have privacy concerns related to sharing their economic info with on the internet casinos.</li></ul><h2>Leading Mastercard Casinos for Online Betting</h2><p>When it concerns picking the very best Mastercard online casinos for on the internet betting, a number of elements should be thought about:</p><ul><li><strong>Track record:</strong> Look for on the internet casino sites with a solid reputation and favorable evaluations from gamers. Trustworthy gambling enterprises prioritize the safety and contentment of their consumers.</li><li><strong>Game Variety:</strong> Select a gambling establishment that supplies a large range of games, consisting of preferred slots, table games, and live dealership video games. A varied game selection improves your on-line gambling experience.</li><li><strong>Benefits and Promotions:</strong> Look for casino sites that provide eye-catching perks and promos for new and existing players. These deals can enhance your bankroll and give extra chances to win.</li><li><strong>Customer Support:</strong> Dependable client assistance is crucial when taking care of online casinos. Make sure the gambling establishment provides punctual and useful help needs to you encounter any kind of problems or have concerns.</li></ul><h2>The Future of Mastercard Gambling Establishments</h2><p>The future of Mastercard casino sites looks appealing, as the demand for on the internet gaming remains to expand. With advancements in innovation and raised availability, more players are turning to on-line gambling establishments for home entertainment and the opportunity to win genuine cash.</p><h3>Finally,</h3><p>Utilizing Mastercard for on the internet gaming supplies a safe and secure and convenient repayment approach for gamers worldwide. With its extensive approval and durable security functions, Mastercard has actually come to be a relied on selection for online casino enthusiasts. By comprehending the advantages, downsides, and picking the ideal Mastercard casinos, you can boost your on the internet gaming experience and have a rewarding time playing your favorite casino site games.</p><p>Remember to wager sensibly and establish restrictions on your investing. Online gaming must be delighted in as a form of home entertainment, and it&#8217;s essential to focus on enjoyable and accountable video gaming.</p>]]></description><link>https://m.coinsnews.com/mastercard-casino-sites-a-comprehensive-overview-to-online-gambling-with-mastercard</link><guid>664902</guid><author>COINS NEWS</author><dc:content /><dc:text>Mastercard Casino Sites: A Comprehensive Overview to Online Gambling with Mastercard</dc:text></item><item><title>Mobile Casino Slot Machines: The Ultimate Overview</title><description><![CDATA[<p>Over the last few years, the popularity of mobile gambling establishment ports has skyrocketed, with numerous players around the world appreciating the adventure of spinning the reels right from the palm of their hand. Mobile slots provide convenience, excitement, and the opportunity to win huge jackpots, all in one bundle. In this comprehensive guide, we will certainly discover whatever you need to learn about mobile casino ports, from the kinds of video games offered to the very best methods for success.</p><h2>The Surge of Mobile Gambling Establishment Slot Machines</h2><p>Mobile casino slots have obtained tremendous appeal because of a number of variables. Firstly, the extensive availability of smart <a href="https://freakyaces.top/" rel="nofollow noopener">freak casino</a> devices and tablets has made it much easier than ever for players to access their favorite casino video games on the move. With simply a couple of taps, gamers can delight in a wide range of port video games without being connected to a desktop or seeing a physical casino.</p><p>Additionally, mobile slots use the very same level of excitement and home entertainment as their desktop equivalents. Game programmers have actually optimized their port video games to make certain smooth gameplay and spectacular graphics on smaller sized screens. Whether you are a skilled slot lover or a laid-back gamer, mobile slots offer unlimited enjoyment options.</p><p>In addition, the convenience of mobile gambling establishment ports can not be overstated. Players can appreciate their preferred games any time and from anywhere, whether it&#8217;s throughout a long commute, a lunch break, or while relaxing in your home. The adaptability and accessibility that mobile ports use have changed the gambling industry.</p><ul><li>Benefit: Play anytime, anywhere</li><li>Interesting gameplay: Spectacular graphics and immersive experience</li><li>Endless options: Wide variety of port games readily available</li><li>Big pots: Possibility to win life-changing amounts of cash</li><li>Social communication: Get in touch with other gamers through multiplayer slots</li></ul><p>With these benefits, it&#8217;s not surprising that that mobile gambling establishment slots continue to record the focus of players worldwide.</p><h2>Sorts Of Mobile Online Casino Slot Machines</h2><p>Mobile online casino ports can be found in numerous themes, layouts, and gameplay designs. Below are a few of the most popular kinds of mobile ports:</p><p>1. Traditional Ports: These slots are similar to traditional one-armed bandit, with three reels and basic symbols like fruits, bars, and fortunate 7s. Classic ports supply a nostalgic video gaming experience.</p><p>2. Video Slot machine: Video slots are advanced, including 5 or more reels and immersive graphics and computer animations. These slots usually have exciting incentive attributes and engaging stories.</p><p>3. Progressive Prize Slots: These slots provide huge jackpots that increase with every wager positioned. Dynamic pot ports can transform lucky players right into millionaires in an immediate.</p><p>4. Branded Slots: Branded slots are based on popular flicks, TV shows, or stars. These ports include familiar characters and styles, including an extra layer of entertainment to the gameplay.</p><p>5. Multiplayer Slot machine: Multiplayer slots permit gamers to complete versus each various other in real-time. They provide a social component, allowing you to connect with other players and share the adventure of winning.</p><h2>Tips and Approaches <a href="https://casinoshare.ca/" rel="nofollow noopener">casino share</a> for Mobile Gambling Enterprise Slots</h2><p>While mobile gambling enterprise ports are mostly lotteries, there are a few ideas and strategies that can enhance your video gaming experience:</p><p>1. Set a Budget: Prior to you begin playing, it is essential to establish a spending plan and stay with it. This will certainly assist you stay clear of overspending and make sure that you are playing within your means.</p><p>2. Pick the Right Game: With hundreds of slot video games readily available, it&#8217;s essential to select a video game that suits your choices and playing design. Seek games with high RTP (Go back to Player) portions and amazing bonus offer attributes.</p><p>3. Benefit From Bonuses: Lots of mobile online casinos provide bonus offers and promos to attract brand-new players. Benefit from these deals to optimize your chances of winning.</p><p>4. Practice Responsible Gaming: Betting must be a type of entertainment, not a way to earn money. Set restrictions, take breaks, and never ever chase your losses. Keep in mind to wager responsibly and seek assistance if you feel it&#8217;s ending up being a problem.</p><h2>Verdict</h2><p>Mobile online casino ports have actually revolutionized the means players enjoy their favorite port video games. With their ease, amazing gameplay, and the opportunity to win large, mobile slots have come to be a preferred pastime for millions of gamers worldwide. By understanding the different kinds of ports and utilizing smart approaches, you can boost your video gaming experience and boost your possibilities of striking it rich. So, order your mobile phone and start rotating the reels for an extraordinary journey on the planet of mobile gambling establishment ports!</p>]]></description><link>https://m.coinsnews.com/mobile-casino-slot-machines-the-ultimate-overview</link><guid>664903</guid><author>COINS NEWS</author><dc:content /><dc:text>Mobile Casino Slot Machines: The Ultimate Overview</dc:text></item><item><title>What You Need to Know About Online Slots</title><description><![CDATA[<p>This article will provide you with some useful tips to get started with online slots. This article will provide information on the different types of slots, bonus rounds , and graphics, as well as the themes. You&#8217;ll also discover what to look out for when choosing games to play. You&#8217;ll <a href="https://1x-mongolia.top/" rel="nofollow noopener">1xbet</a> also learn about<span id="more-584060"></span> the history of online slot machines. Let&#8217;s look at some of the most common kinds. Find out which one is the best for you.</p><h2>Various types<br /></h2><p>Slot machines have been around for more than 100 years and have evolved into a variety of different types over the years. While some of these variations have seen some changes, most still feature the same gameplay and mechanics. To get the most enjoyment of your gaming experience, it is essential to know the different kinds of online slots. Make sure you read the pay-table prior to playing. This will help you pick the right game for you.</p><p>A progressive slot boosts the jackpot with each bet a player makes. These machines typically have multi-bet features that allow players to wager more money to increase their chances of winning. Mega Moolah, Mega Fortune Mega Fortune, and Mega Fortune are two examples of progressive slots that are very well-known. Another type of slot is referred to as a branded slot.they are inspired by popular media. They are typically developed in partnership with media studios and the content is usually taken directly from the original content.</p><h2>Bonus rounds<br /></h2><p>While many players prefer to play free games with bonus rounds, you might also be interested in real money games that feature them. These features not only boost your chances of winning, they also enhance the overall experience. Bonus rounds can also increase your bankroll. Online slots bonus games are an excellent way to add variety to your gameplay. Listed below are some advantages of bonus rounds in online slots.</p><p>Bonus games are one of the most popular bonuses in online slots. These are mini-games that require the player to pick from a number of different choices. These games usually offer free spins and hidden prizes such as multipliers or re-spins. These mini-games are a great way to learn the ins and outs of bonus features. Bonus rounds can be found in different ways, <a href="https://1x-betskachatkz.top/" rel="nofollow noopener">1 x bet скачать</a> so be sure to read the paytable before playing.</p><h2>Graphics<br /></h2><p>Slot machines are addictive and enjoyable however, they&#8217;ve never been more enjoyable. This is due in large part to technological and graphic advancements. The game has evolved from its early days, when there were no graphics on the machines. Video slots revolutionized the industry and enabled developers to create new games. Online slots should be fun and enjoyable.</p><p>High-definition (HD) graphics are another important factor that make online slots so thrilling. These graphics are high-quality and feature stunning graphics and game symbols. High-definition graphics suggest an excellent game design. Leading slot companies such as Microgaming and NetEnt offer a wide range of high-quality online slot machines that will make you fall in love with them. You can play your favorite slots on your smartphone by downloading the demo version of Jammin Jars.</p><h2>Themes<br /></h2><p>The themes of online slot machines are an excellent way to draw female players. From pirates and Egyptians to vampires and slayers, you will find themes that appeal to you. Some themes are even inspired by films. The themes are often repeated for dozens of other variations. There are themes that are based on historical events. In fact there are online slots that are based around these themes.</p><p>Music is another theme that is popular. There are many slots that are based on the music of popular musicians and bands. Many of them feature licensed music but some also include special features that are based on popular songs. These games are a fantastic way of attracting players and are often praised because they offer entertainment value. These themes can appeal to a broad range of people. There are also slots that focus on classic rock and roll if you like it. Some even feature videos of live performances!</p><h2>RTP<br /></h2><p>RTP might be something you&#8217;ve heard of before. However, you may not be aware of the meaning. It is the percentage that determines the probability of winning. This figure is based on millions of spins and it is not the end-all-be all. It is a guideline to the potential payouts of online slot machines. This can be a helpful tool for choosing games that offer a high RTP. Read on to learn more about RTP and how it can influence your gambling experience.</p><p>The RTP of online slots is determined by calculating the total amount of money paid back to players divided by the amount wagered. High RTP games are more profitable, but games with high volatility may take thousands of spins before they reach their true RTP. In the long run, RTP of online slots can exceed 96%.. However, this is not always the situation. This is because RTP is calculated based on millions of spins. It can be more difficult to determine a game’s RTP.</p>]]></description><link>https://m.coinsnews.com/what-you-need-to-know-about-online-slots</link><guid>664842</guid><author>COINS NEWS</author><dc:content /><dc:text>What You Need to Know About Online Slots</dc:text></item><item><title>Exploring the World of Online Casinos: Neteller as a Trusted Payment Method</title><description><![CDATA[<p>Invite to the interesting globe of on-line gaming! Over the last few years, on-line casinos have actually become increasingly preferred as even more individuals seek convenient and awesome ways to enjoy their favored casino games. One critical element of on-line gambling is the availability of trustworthy and secure payment methods. Neteller, a distinguished e-wallet, has become a trusted and practical alternative for players worldwide. In this write-up, we will look into the benefits and features of utilizing Neteller as a repayment approach at on the internet gambling enterprises, discovering how it improves your <a href="https://skachat1xbetsigrami.click/" rel="nofollow noopener">скачать 1xbet с играми</a> pc gaming experience.</p><p>Neteller is a global e-wallet that enables users to make protected on the internet transactions, consisting of deposits and withdrawals at different online casino sites. With its easy to use user interface and durable safety steps, Neteller has actually obtained a reputation as a reputable and trusted settlement method in the on-line gambling market. Let&#8217;s look into the benefits of using Neteller at on-line casinos.</p><h2>Convenience and Availability</h2><p>Utilizing Neteller as a repayment method provides unequaled ease and availability for on the internet gambling enterprise gamers. Developing a Neteller account is a straightforward procedure, needing just fundamental personal details. Once your account is established, you can link it to your preferred funding resource, such as a checking account or charge card, to conveniently deposit funds into your Neteller purse.</p><p>With funds in your Neteller account, you can perfectly make deposits at numerous on-line gambling establishments without the need to share your financial or bank card details with each specific gambling establishment. This not only conserves time yet likewise offers an added layer of protection by decreasing the exposure of your delicate monetary details.</p><p>Furthermore, Neteller uses a mobile app, allowing you to manage your casino deals on the move. Whether you&#8217;re utilizing your smartphone or tablet, you can easily transfer funds into your casino account or withdraw your payouts from anywhere at any moment.</p><p>In addition to its benefit, Neteller gives a wide range of money alternatives, enabling players from different countries to transact in their neighborhood money. This gets rid of the demand for money conversions and connected costs, ensuring a hassle-free pc gaming experience.</p><p>In addition to its access, Neteller uses numerous financing approaches, consisting of charge card, financial institution transfers, and various other e-wallets, making it easy for gamers to down payment funds right into their Neteller accounts. This flexibility guarantees that you can select the financing technique that matches your specific choices and demands.</p><h2>Safety and security and Personal privacy</h2><p>When it involves on-line gaming, safety is of utmost importance. Neteller prioritizes your security by using advanced safety steps to safeguard your personal and financial details. With its state-of-the-art security modern technology, Neteller makes sure that your data continues to be safe and safe and secure throughout the whole deal process.</p><p>By utilizing Neteller as your payment technique, you can rest assured that your sensitive details is secured from prospective hazards. The system uses robust firewall programs and rigorous authentication protocols to avoid unauthorized access to your account.</p><p>In addition, Neteller provides an extra layer of personal privacy. By using Neteller for your on-line casino site transactions, your financial or charge card information are not shared with the online casino drivers. This ensures that your monetary info stays personal and decreases the threat of prospective identification theft or fraud.</p><p>Neteller also uses a two-step authentication procedure, including an additional safety layer to your deals. This attribute needs users to verify their identification via a special code sent to their signed up mobile device, making it hard for unauthorized people to gain access to your account.</p><h2>Remarkable Client Support</h2><p>Neteller takes satisfaction in using phenomenal consumer support to its individuals, ensuring a seamless and pleasurable online gambling experience. With its committed support group readily available 24/7, players can swiftly settle any concerns or queries they might come across during their transactions.</p><p>Whether you have questions concerning account setup, purchase limitations, or security issues, Neteller&#8217;s client assistance is constantly all set to help you. Their experienced agents will guide you via the process, giving timely and dependable <a href="https://1xbetapp-downloadpk.top/" rel="nofollow noopener">1xbet app download</a> services to any challenges you may encounter.</p><ul><li>Need assistance with your account or deal?</li><li>Obtained a question about Neteller&#8217;s solutions or functions?</li><li>Experiencing technical difficulties?</li></ul><p>Neteller&#8217;s support team is simply a call or message away to make sure that your concerns are attended to promptly, allowing you to focus on appreciating your video gaming experience without any disturbances.</p><h2>Conclusion</h2><p>Neteller uses a safe and secure, practical, and obtainable settlement solution for online casino site gamers. With its straightforward interface, robust protection procedures, and outstanding consumer support, Neteller ensures that your on-line betting experience is improved and stress-free.</p><p>By selecting Neteller as your recommended payment approach, you can enjoy hassle-free down payments and withdrawals, protect your delicate economic details, and accessibility your funds any place and whenever you want. Join the numerous players worldwide who trust Neteller and raise your online casino experience to new heights!</p>]]></description><link>https://m.coinsnews.com/exploring-the-world-of-online-casinos-neteller-as-a-trusted-payment-method</link><guid>664843</guid><author>COINS NEWS</author><dc:content /><dc:text>Exploring the World of Online Casinos: Neteller as a Trusted Payment Method</dc:text></item><item><title>No Wagering Down Payment Reward: An Insightful Overview</title><description><![CDATA[<p>When it comes to on-line betting, gamers are constantly in search of the very best deals and promotions. One such deal that has actually acquired appeal over the last few years is the no wagering down payment incentive. Unlike standard casino bonuses that include strict betting demands, these incentives enable players to maintain their payouts with no betting commitments. In this extensive overview, we will certainly explore the globe of no wagering deposit perks, discovering what they are, how they work, and why they deserve thinking about. So, if you prepare to learn more, let&#8217;s dive in!</p><h2>What is a No Betting Deposit Reward?</h2><p>A no betting deposit bonus offer is essentially a sort of gambling establishment perk that does not <a href="https://1xbetkoreya.top/" rel="nofollow noopener">1xbet корея</a> call for gamers to meet any type of betting demands in order to withdraw their winnings. Unlike various other sorts of incentives that feature a playthrough need, where players should bet a specific amount of money prior to having the ability to squander, a no wagering deposit incentive permits players to maintain their winnings as actual cash right from the beginning. This suggests that whatever you win using the reward funds is yours to keep, without additional requirements or constraints.</p><p>No betting down payment incentives can come in different forms, including cost-free spins, perk money, or a mix of both. These incentives are normally provided to brand-new gamers as component of a welcome plan or as a standalone deal to existing players. The major appeal of these rewards is the freedom they give, permitting gamers to appreciate their payouts with no constraints.</p><p>It&#8217;s worth noting that while no betting deposit rewards do not have any wagering needs, they may still have various other conditions attached. These can include minimal down payment requirements, optimum win limitations, and video game restrictions. As a result, it is essential to review the conditions connected with the bonus offer before declaring it.</p><h2>How Does a No Wagering Down Payment Incentive Job?</h2><p>Since we have a general understanding of what a no betting deposit bonus is, allow&#8217;s take a better take a look at just how these benefits work. The process of asserting and using a no wagering down payment benefit is relatively straightforward:</p><ol><li>Pick a respectable online gambling establishment that supplies a no betting down payment bonus offer. You can discover a list of suggested casino sites on our internet site.</li><li>Develop an account with the chosen gambling enterprise and make certain to supply precise information throughout the registration process.</li><li>Make a certifying down payment. Some online casinos may call for a minimal down payment to be qualified for the bonus offer.</li><li>Declare the no wagering down payment bonus. This can usually be done by selecting the benefit from the promotions web page or entering a specific perk code.</li><li>As soon as the bonus is attributed to your account, you can start playing eligible games and utilizing the benefit funds.</li><li>Any type of earnings you build up from the reward funds can be taken out quickly, without the demand to accomplish any betting requirements.</li></ol><p>It is necessary to remember that various online casino sites may have a little various procedures for claiming and using no betting deposit incentives. Consequently, it&#8217;s always a great idea to consult the online casino&#8217;s terms and conditions or contact their customer support if you have any kind of concerns or issues.</p><h2>Why Select a No Wagering Deposit Bonus Offer?</h2><p>Since we recognize what a no wagering deposit bonus is and just how it functions, allow&#8217;s discover why you should take into consideration picking this kind of reward when dipping into an on-line gambling establishment:</p><ol><li><strong>Maintain your profits:</strong> The most evident advantage of a no betting down payment perk is that you get to maintain your payouts without having to fulfill any type of extra requirements. This implies that whatever you win is yours to take out or utilize as you please.</li><li><strong>Flexibility to play:</strong> Without any wagering demands to fret about, you have the freedom to play any kind of video game you like with the benefit funds. Whether you favor slots, table video games, or live dealer video games, you are not limited by any restrictions.</li><li><strong>Increase your money:</strong> No wagering down payment bonuses give an excellent opportunity to enhance your money and try brand-new games or approaches without risking excessive of your very own money.</li><li><strong>Transparency and justness:</strong> No betting down payment bonuses are typically seen as a much more transparent and fair kind of incentive. Without surprise terms and conditions related to wagering needs, players can appreciate a much more simple betting experience.</li><li><strong>Beauty to high rollers:</strong> High rollers who like to play with bigger quantities of money can benefit significantly from no wagering <a href="https://1xbetonline-india.top/" rel="nofollow noopener">1xbet online</a> deposit perks. These bonuses permit them to bet substantial quantities and maintain their earnings with no restrictions.</li></ol><h2>Verdict</h2><p>No betting down payment bonuses provide a rejuvenating alternative to typical casino site incentives with betting demands. These benefits give players with the flexibility to enjoy their payouts without any limitations, making them extremely appealing to both brand-new and knowledgeable gamers. Nevertheless, it is necessary to bear in mind that even though these bonus offers do not have wagering needs, they may still have other terms. Therefore, it&#8217;s crucial to read the fine print and understand the specifics of each bonus offer prior to claiming it. Keeping that said, no betting deposit rewards are a great chance to increase your bankroll and take advantage of some safe gaming enjoyable!</p>]]></description><link>https://m.coinsnews.com/no-wagering-down-payment-reward-an-insightful-overview</link><guid>664844</guid><author>COINS NEWS</author><dc:content /><dc:text>No Wagering Down Payment Reward: An Insightful Overview</dc:text></item><item><title>The Ultimate Guide to Port Online: Whatever You Required to Know</title><description><![CDATA[<p>Port video games have become exceptionally preferred in recent years, with a growing number of people enjoying the excitement of spinning the reels and winning large pots. In this comprehensive guide, we will certainly take you on a trip via the globe of port online, covering whatever from the fundamentals of exactly how they function to suggestions and techniques for maximizing your opportunities of winning. So whether you&#8217;re a novice aiming to start or an experienced player looking to up your game, this overview has actually obtained you covered.</p><h2>What is Slot Online?</h2><p>Slot online, likewise referred to as on the internet ports or virtual ports, is an electronic version of the traditional one-armed bandit you discover in brick-and-mortar casinos. These on-line versions use the same enjoyment and potential for big wins, however with the included ease of being able to play from the comfort of your own home or on the go. The gameplay is basic: you rotate the reels and want to land winning mixes of signs to cause payouts.</p><p>Unlike standard slots <a href="https://1xbet-appdownloadin.top/" rel="nofollow noopener">1xbet app download</a> that make use of physical reels, on-line ports utilize online reels that are powered by an arbitrary number generator (RNG). This ensures that the result of each spin is entirely random and fair, giving every player an equivalent chance of winning.</p><p>Online slots can be found in a variety of styles, designs, and formats, ranging from timeless three-reel slots to more modern video ports with several paylines, incentive attributes, and interactive gameplay. Some online slots also provide progressive pots, where the reward swimming pool enhances each time the video game is played until a person strikes it rich.</p><ul><li>Traditional slots: These are based upon the conventional slot machines with three reels and basic gameplay.</li><li>Video slots: These are extra contemporary ports with improved graphics, animations, and benefit attributes.</li><li>Modern slots: These are slots with a pot that grows with each wager positioned till it is won.</li><li>3D slots: These are ports that use innovative 3D graphics to develop a much more immersive video gaming experience.</li></ul><p>Whether you choose the simplicity of classic ports or the exhilaration of video ports, there is a slot online video game out there for everyone.</p><h2>Just How to Play Port Online</h2><p>Playing port online is exceptionally easy and straightforward, making it accessible to gamers of all ability levels. Below is a step-by-step overview to obtain you started:</p><ol><li>Choose a trusted online gambling enterprise: Prior to you can begin playing slot online, you require to discover a reliable online gambling establishment that provides a large option of slot video games.</li><li>Create an account: Once you have selected an online casino, you will certainly require to develop an account by supplying some fundamental details.</li><li>Make a down payment: After producing an account, you will certainly need to deposit funds into your gambling enterprise account. Most on the internet gambling establishments accept a selection of settlement techniques, consisting of credit/debit cards, e-wallets, and bank transfers.</li><li>Select your game: As soon as your account is funded, you can check out the gambling enterprise&#8217;s port game collection and choose the one you wish to play.</li><li>Establish your wager: Prior to rotating the reels, you need to establish your bet dimension. This generally entails selecting the number of paylines you intend to play, the number of coins per line, and the coin worth.</li><li>Rotate the reels: Once you have established your bet, you can hit the spin switch to start the video game. The reels will spin and come to a stop, disclosing the signs and potential payouts.</li><li>Declare your winnings: If you land a winning mix, the video game will instantly calculate your jackpots and add them to your gambling enterprise account. You can after that choose to squander or proceed playing.</li></ol><p>It&#8217;s important to remember that port online is a game of chance, and there is no assured approach or system that will assure a win. However, there are some ideas and approaches you can bear in mind to maximize your opportunities of winning.</p><h2>Tips and Techniques for Winning at Slot Online</h2><p>While there is no guaranteed way to win at slot online, there are some ideas and methods you can utilize to improve your opportunities:</p><ul><li>Establish a budget: Before you start playing, it&#8217;s important to set a spending <a href="https://1xbetdesktop.top/" rel="nofollow noopener">1xbet desktop</a> plan and stay with it. This will assist you prevent overspending and ensure that you&#8217;re only playing with money you can pay for to shed.</li><li>Select your slot carefully: Not all ports are developed equal. Some have higher RTP (go back to player) percentages, which indicates they pay more frequently. Do your research study and pick a slot with a high RTP for much better possibilities of winning.</li><li>Make the most of bonuses and promos: Several on-line gambling enterprises provide bonuses and promotions for slot gamers. These can include down payment suits, complimentary spins, and loyalty incentives. Capitalize on these deals to boost your money and prolong your playing time.</li><li>Play maximum coins: If you can afford it, constantly play the maximum number of coins. This offers you a better chance of striking it rich or activating bonus attributes.</li><li>Method accountable gaming: Slot online must be a fun and enjoyable task. If you find on your own coming to be stressed or spending greater than you can pay for, it might be time to take a break and look for assistance if required.</li></ul><h2>The Future of Port Online</h2><p>The globe of port online is frequently progressing, with new video games, functions, and modern technologies being presented regularly. With the rise of mobile pc gaming, an increasing number of gamers are delighting in slot games on their smartphones and tablet computers. Virtual fact (VIRTUAL REALITY) and enhanced truth (AR) are also anticipated to play a significant function in the future of slot online, supplying players an even more immersive and interactive video gaming experience.</p><h3>Conclusion</h3><p>Port online has reinvented the method we play and enjoy slot games. With its ease, range of video games, and the capacity for good fortunes, it&#8217;s not surprising that that more and more players are gathering to on-line gambling enterprises. Whether you&#8217;re a newbie or a skilled gamer, this guide has supplied you with all the info you require to begin and maximize your possibilities of winning. So proceed, spin the reels, and might luck get on your side!</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-port-online-whatever-you-required-to-know</link><guid>664845</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Port Online: Whatever You Required to Know</dc:text></item><item><title>Free Casino Site Slots: An Ultimate Guide to Online Slot Machines</title><description><![CDATA[<p>Fruit machine have become one of the most prominent types of entertainment in gambling enterprises around the world. With the arrival of innovation, online gambling enterprises now provide free gambling establishment ports that make it possible for players to take pleasure in the adventure of rotating the reels without wagering actual cash. This extensive guide will supply you with all the info you require to understand about free gambling establishment ports, including their advantages, kinds, and pointers for playing.</p><h2>Advantages of Playing Free Online Casino Slot Machines</h2><p>Playing complimentary casino site ports uses numerous advantages over traditional slot machines. Here are several of the essential advantages:</p><p><strong>1. Safe Fun:</strong> Free casino site slots permit players to appreciate the excitement of playing without the threat of losing cash. It&#8217;s a terrific method to exercise <a href="https://jetxjogo.top/" rel="nofollow noopener">Jetx Jogo</a> and get familiar with various port games prior to betting real money.</p><p><strong>2. Variety of Games:</strong> Online online casinos use a substantial selection of totally free gambling establishment ports with various styles, functions, and payments. Players can check out different games and find the ones they appreciate one of the most.</p><p><strong>3. Benefit:</strong> With complimentary gambling establishment slots, you can play anytime, anywhere, as long as you have a net link. There&#8217;s no need to take a trip to a physical gambling enterprise or wait on your turn on a fruit machine.</p><ul><li><strong>4. Rewards and Benefits:</strong> Several on-line casinos supply perks and rewards for playing cost-free gambling establishment ports. These can include free rotates, perk credit scores, and even entry right into exclusive events.</li></ul><p><strong>5. Ability Development:</strong> Free casino slots permit <a href="https://bloodsuckersslot-ru.top/" rel="nofollow noopener">Blood Suckers slot</a> players to boost their slot machine skills and create approaches without running the risk of actual money. This can be especially valuable for novices who want to find out the ropes before playing with actual money.</p><h2>Kinds Of Free Casino Slots</h2><p>There are different types of complimentary gambling enterprise ports offered, each with its very own special features and gameplay. Below are some preferred types:</p><p><strong>1. Traditional Slots:</strong> These are evocative the typical slots found in physical online casinos. Traditional ports typically have 3 reels, simple gameplay, and standard signs like fruits, bars, and lucky sevens.</p><p><strong>2. Video Slots:</strong> Video clip ports are one of the most common kind of cost-free gambling enterprise slots. They include numerous paylines, immersive themes, premium graphics, and bonus offer features such as complimentary spins, wild icons, and mini-games.</p><p><strong>3. Modern Slots:</strong> Modern slots offer the possibility to win significant pots that grow in time. A part of each wager adds to the jackpot, which keeps increasing till a person hits the winning combination.</p><p><strong>4.3D Slots:</strong> These ports give a visually stunning experience with advanced 3D graphics and computer animations. They frequently feature appealing storylines and interactive aspects that add a brand-new degree of immersion to the gameplay.</p><p><strong>5. Mobile Slots:</strong> With the rise of mobile gaming, lots of online casinos currently use complimentary online casino slots enhanced for smart phones. These ports are developed to give a seamless video gaming experience on smartphones and tablets.</p><h2>Tips for Playing Free Casino Site Slots</h2><p>While playing cost-free gambling establishment ports is everything about fun and entertainment, there are a couple of pointers that can enhance your experience:</p><p><strong>1. Pick a Trusted Online Online Casino:</strong> Before playing cost-free casino ports, ensure you select a reputable online casino site with a valid permit. This guarantees reasonable gameplay and the protection of your personal and financial information.</p><p><strong>2. Exercise Bankroll Management:</strong> Despite the fact that you&#8217;re not making use of real money, it&#8217;s essential to manage your digital money carefully. Establish a budget for each session and adhere to it to lengthen your gameplay and optimize your pleasure.</p><p><strong>3. Check out the Guidelines and Paytable:</strong> Understanding the rules and paytable of each slot video game is essential for maximizing your opportunities of winning. Familiarize on your own with the video game technicians, winning combinations, and benefit features before positioning your wagers.</p><p><strong>4. Benefit From Bonus Offers:</strong> Online online casinos often use incentives and promos for playing cost-free online casino slots. Keep an eye out for these offers, as they can improve your money and provide extra chances to win.</p><p><strong>5. Experiment with Various Games:</strong> Free gambling establishment ports offer you the flexibility to discover a wide variety of video games. Take advantage of this and check out various slots with different motifs, attributes, and volatility levels. You could find new faves and enhance your chances of winning large.</p><h3>Final thought</h3><p>Free casino site slots supply an engaging and safe means to delight in the excitement of slot machines. Whether you&#8217;re a seasoned gamer wanting to exercise new methods or a beginner wanting to discover the ropes, these on-line games provide countless entertainment. With a wide range of kinds and themes available, along with the benefit of playing on any type of device, totally free gambling establishment slots are a fantastic alternative for all casino fanatics.</p><p>So why wait? Dive into the world of complimentary gambling enterprise slots and experience the excitement today!</p>]]></description><link>https://m.coinsnews.com/free-casino-site-slots-an-ultimate-guide-to-online-slot-machines</link><guid>664846</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Casino Site Slots: An Ultimate Guide to Online Slot Machines</dc:text></item><item><title>Checklist of Gambling Establishments That Approve Bitcoin</title><description><![CDATA[<p>Bitcoin, the globe&#8217;s very first decentralized digital money, has actually gotten enormous popularity because its inception in 2009. With its special attributes and advantages, Bitcoin has transformed various industries, including the gaming market. Today, numerous online gambling establishments permit players to make use of Bitcoin as a type of repayment. In this article, we will certainly discover a list of casinos that accept Bitcoin and review the advantages of utilizing this cryptocurrency for on the internet betting.</p><h2>The Advantages of Using Bitcoin for Online Betting</h2><p>Bitcoin offers a number of advantages when it pertains to on-line betting:</p><p><strong>1. Privacy:</strong> Bitcoin deals are pseudonymous, meaning that gamers can preserve their personal privacy without exposing personal information.</p><p><strong>2. Safety and security:</strong> Bitcoin deals are safeguarded by advanced cryptography, making it nearly impossible for hackers to control the system.</p><p><strong>3. Immediate Purchases:</strong> Bitcoin purchases are processed promptly, enabling gamers to deposit and withdraw funds immediately without waiting on traditional financial systems.</p><p><strong>4. Lower Costs:</strong> Bitcoin transactions usually have reduced processing costs compared to standard banking techniques, saving players money in the long run.</p><p><strong>5. International Access:</strong> Bitcoin is a decentralized currency that can be made use of internationally, providing access to on-line gambling platforms no matter geographical location.</p><p><strong>6. Provably Fair Video Gaming:</strong> Numerous Bitcoin casinos use &#8220;provably fair&#8221; video gaming, guaranteeing transparency and justness in the end results of video games.</p><ul><li>BitStarz Gambling establishment</li><li>FortuneJack Gambling enterprise</li><li>Cloudbet Casino site</li><li>Bitcasino.io</li><li>7Bit Gambling establishment</li><li>mBit Casino site</li></ul><p><strong>1. BitStarz Casino site:</strong> BitStarz Casino is a popular on the internet gambling establishment that has been approving Bitcoin because its early days. With a vast choice of video games and attractive bonuses, BitStarz supplies a seamless and delightful gaming experience.</p><p><strong>2. FortuneJack Gambling establishment:</strong> FortuneJack Online casino is <a href="https://aviator-giris.top/" rel="nofollow noopener">aviator-giris.top</a> understood for its substantial choice of games and charitable promotions. It approves numerous cryptocurrencies, including Bitcoin, making it a leading choice for crypto enthusiasts.</p><p><strong>3. Cloudbet Casino site:</strong> Cloudbet Gambling enterprise is just one of the pioneers in the Bitcoin gambling industry. It <a href="https://plinkogamefr.top/" rel="nofollow noopener">plinkogamefr.top</a> uses a range of gambling enterprise video games and a sportsbook, providing players with varied choices for their betting needs.</p><p><strong>4. Bitcasino.io:</strong> Bitcasino.io is a totally accredited Bitcoin gambling enterprise that offers an easy to use interface and a wide selection of video games. With its focus on justness and safety and security, Bitcasino.io gives a reliable platform for Bitcoin betting.</p><p><strong>5.7Bit Casino site:</strong> 7Bit Gambling establishment boasts a substantial collection of games from leading software program companies. It sustains multiple cryptocurrencies, including Bitcoin, and supplies appealing rewards and promotions for its players.</p><p><strong>6.mBit Gambling establishment:</strong> mBit Casino offers a smooth gambling experience with its variety of video games and user-friendly interface. It approves Bitcoin and other cryptocurrencies, offering players with flexibility and benefit.</p><h2>Verdict</h2><p>Bitcoin has transformed the gaming market by offering players with a protected, confidential, and hassle-free approach of payment. The listing above represents simply a few of the numerous on-line gambling enterprises that accept Bitcoin. Whether you are a skilled bettor or brand-new to the globe of on-line casino sites, making use of Bitcoin can improve your gaming experience while ensuring your privacy and security. Check out the alternatives offered and delight in the benefits of Bitcoin wagering!</p>]]></description><link>https://m.coinsnews.com/checklist-of-gambling-establishments-that-approve-bitcoin</link><guid>664847</guid><author>COINS NEWS</author><dc:content /><dc:text>Checklist of Gambling Establishments That Approve Bitcoin</dc:text></item><item><title>Free Slots with No Download: Can You Really Win?</title><description><![CDATA[<p>It&#8217;s easy to conclude that gaming on the internet is commonplace in the present and is not going to change and the selection of casino games for free is rich indeed. Each of these casino games is available <a href="https://88fortunesslot-nl.top/" rel="nofollow noopener">88fortunesslot-nl.top</a> for both Android and iPhone and playing for fun slots with no downloads could<span id="more-584049"></span> prove quite helpful for quilter projects. Why not? Because this game is extremely simple and fun to play. As you can imagine, since it&#8217;s completely free, it&#8217;s very addicting as is what an addicting game is supposed to be!</p></p><p>One reason that this online casino game is so addictive is because you don&#8217;t have to leave your chair to earn money. Online casino free slots offer bonus rounds, which is quite different from other slot machines in casinos that require you to visit the bank to earn more coins and eventually cash to cover the next jackpot. Bonus rounds are basically a set of jackpots with smaller cumulative amounts until they top a certain amount. As you approach the top, the cumulative amount of free coins increases until the jackpot becomes available. It&#8217;s a fantastic way to accumulate cash to boost your bank account.</p></p><p>Another advantage of free slot machines is the fact that you do not need to download any software to play them. This is a huge benefit for your bank account and mental health. It&#8217;s incredible how fast gambling can make a person insane, especially when they consider all of the anxiety and stress it can <a href="https://thunderstruck2slot-gb.top/" rel="nofollow noopener">thunderstruck2slot-gb.top</a> cause. However, free slots can ease some of that stress and anxiety because they let you play without even having to leave your chair.</p></p><p>Casinos that provide free slots machine games can offer their players a variety of advantages over traditional gambling venues. One of the main advantages is the fact that there aren&#8217;t any dealers involved in the deal. All you need to do is relax and play. There are often times when the jackpots are high and you could end winning more than you expected if you played longer. But even when the jackpots aren&#8217;t that big, it&#8217;s still not recommended that you try to wager the big ones. It&#8217;s better to play these games with a lower amount so that you don&#8217;t end paying as much as you would have if you were betting more money. You&#8217;ll always win, regardless of the circumstances.</p></p><p>One of the biggest issues people tend to have when playing free slots is that sometimes they don&#8217;t have any coins in the slot machines. To benefit from the bonus offers, you&#8217;ll require downloading an app. Even if you have coins, chances are that they won&#8217;t work unless have an internet connection. It&#8217;s frustrating, but so long as you can download the appropriate software, then you shouldn&#8217;t encounter any issues. The software is available easily online for most types of machines.</p></p><p>The best way to experience playing slots for free is to choose a reliable online casino with a large jackpot. The more money that you make, the better, since you will be able to pay for the bonuses offered at these casinos. While some casinos let players enjoy bonus features for a limited period of time, others might require players to start playing for real money again when the bonus feature is over. This is why it&#8217;s crucial to focus on the slot machine that has a high payout rate and a large jackpot; the next best thing is to find a website that has a variety of different slot machines instead of a single jackpot.</p></p><p>Even if you don&#8217;t like winning, it&#8217;s not an ideal idea to spend all of your time playing online slot machines for free. It&#8217;s best to play for one or two minutes at a time so your chances of winning increase. When you win, you&#8217;ll be able to cash out your winnings quickly, which will enable you to make even more money in the future.</p></p><p>Free slots are known for not offering pay lines. Paylines are an integral component of the popularity of slots. These paylines often contain a maximum number of credits which can be played on any specific game. At the end of the game the player who has earned the most credits at end will win. Unfortunately, many casinos do not let players have more credits once they have completed an entire game, which means that they will be in an advantage in their next game. There are several websites that allow players to play multiple slots games for free. These websites offer players to switch between paylines , so they can keep playing for money and not have to worry about losing a payline.</p>]]></description><link>https://m.coinsnews.com/free-slots-with-no-download-can-you-really-win</link><guid>664848</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Slots with No Download: Can You Really Win?</dc:text></item><item><title>Live Roulette Free Game: A Comprehensive Overview</title><description><![CDATA[<p>Roulette is a preferred gambling establishment game that has actually been taken pleasure in by gamblers for centuries. Its simplicity and thrilling gameplay make it a preferred amongst both beginners and seasoned players. If you&#8217;re looking to try your luck at roulette without running the risk of any kind of cash, a live roulette free video game is the excellent option. In this post, we&#8217;ll explore every little thing you need to find out about playing roulette for free, from the policies and methods to the best platforms to play on.</p><h2>What is a Live <a href="https://1winaviator.click/" rel="nofollow noopener">1win Aviator</a> Roulette Free Video Game?</h2><p>A live roulette totally free game is an on-line variation of live roulette that permits gamers to appreciate the game without wagering any genuine cash. It offers the very same gameplay experience as a conventional roulette game but eliminates the monetary danger. Free roulette video games are offered on various online platforms, including casino site internet sites and mobile applications.</p><p>Playing a roulette cost-free game is a superb way for newbies to learn the rules, understand the betting choices, and get a feeling for the video game. It likewise allows experienced gamers to evaluate new methods and exercise their skills with no financial repercussions.</p><p>Many live roulette cost-free games replicate the experience of playing roulette in a land-based gambling establishment. They include a digital live roulette wheel, a betting table, and a control board. Players can place their wagers, rotate the wheel, and watch the sphere come down on the winning number in real-time.</p><ul><li>A live roulette cost-free video game can be used any kind of gadget with an internet connection, consisting of computer, laptop computers, smart devices, and tablets.</li><li>There are 2 major kinds of live roulette games: European live roulette and American roulette. The European version has far better odds for gamers, making it the favored selection for many.</li><li>Some cost-free roulette games supply added attributes such as data, hot and cold numbers, and adjustable betting alternatives.</li></ul><h2>Just how to Play a Live Roulette Free Game</h2><p>Playing a live roulette cost-free video game is simple <a href="https://stakeplinkocanada.top/" rel="nofollow noopener">Stake Plinko</a> and straightforward. Here&#8217;s a step-by-step guide to obtain you started:</p><p><strong>Action 1:</strong> Choose a trustworthy online system that offers cost-free roulette games. You can find these platforms by carrying out a quick internet search or by visiting on-line casino site review web sites.</p><p><strong>Step 2:</strong> Once you have actually chosen a system, create an account. This typically entails offering your email address, producing a username and password, and accepting the platform&#8217;s terms.</p><p><strong>Step 3:</strong> As soon as your account is created, browse to the live roulette section of the platform. Select the complimentary live roulette video game you desire to play.</p><p><strong>Tip 4:</strong> Familiarize yourself with the video game interface. You&#8217;ll discover the virtual live roulette wheel, the betting table, and the control board. Take a moment to recognize just how to place wagers and change your bet amount.</p><p><strong>Step 5:</strong> Put your bets on the wagering table by picking the wanted chip value and clicking the corresponding wager location. You can put numerous bets on each spin.</p><p><strong>Action 6:</strong> As soon as you&#8217;re ready, click the &#8220;Rotate&#8221; switch to set the wheel moving. Enjoy as the sphere rotates around the wheel and see if your wagers are victors.</p><p><strong>Action 7:</strong> After the ball arrive at a number, the game will present the winning wagers and distribute any kind of earnings to your online account. You can after that choose to put new wagers or start a new video game.</p><h2>Tips and Approaches for Playing Live Roulette</h2><p>While roulette is predominantly a game of chance, there are a couple of pointers and techniques that can aid enhance your chances of winning. Below are some key points to keep in mind:</p><ul><li>Recognize the various types of wagers: Acquaint on your own with the various wagering alternatives in roulette, including inside bets (bank on details numbers) and outside bets (bets on groups of numbers).</li><li>Manage your money: Establish an allocate your live roulette sessions and adhere to it. Avoid chasing losses and understand when to stop playing.</li><li>Think about playing European live roulette: As pointed out earlier, European live roulette has better chances for players because of its solitary absolutely no pocket.</li><li>Explore different wagering techniques: There are numerous wagering systems, such as the Martingale or Fibonacci, that gamers make use of to manage their bets. Discover these approaches and find one that fits your design of play.</li><li>Play for enjoyable and entertainment: Remember that roulette is eventually a game of good luck. Take pleasure in the exhilaration and entertainment it offers without placing excessive focus on winning or shedding.</li></ul><h2>The Most Effective Platforms for Playing Live Roulette Free Games</h2><p>When it comes to playing roulette totally free, numerous systems offer a top quality pc gaming experience. Here are a few of the most effective systems to take into consideration:</p><ul><li>System 1: This system uses a wide choice of complimentary roulette games, consisting of both European and American versions. It has an user-friendly user interface and supplies helpful stats to help you make notified betting choices.</li><li>Platform 2: With a streamlined style and reasonable graphics, this platform provides a realistic roulette experience. It also supplies a practical tutorial for new gamers and provides a variety of personalized wagering choices.</li><li>Platform 3: Understood for its easy to use interface, this platform provides a series of live roulette totally free games with various table restrictions. It additionally includes a multiplayer mode, allowing you to compete against other players from worldwide.</li></ul><p>These systems are just a few examples, and there are lots of various other reputable choices readily available. Prior to selecting a system, make certain that it is licensed and controlled by an acknowledged authority to ensure reasonable gameplay and secure deals.</p><h3>To conclude</h3><p>Playing a live roulette cost-free game is an excellent means to enjoy the exhilaration of live roulette without risking any genuine cash. Whether you&#8217;re a newbie seeking to learn the ropes or an experienced player intending to fine-tune your abilities, a roulette complimentary video game offers the ideal possibility. Keep in mind to play sensibly, enjoy, and might luck be on your side!</p>]]></description><link>https://m.coinsnews.com/live-roulette-free-game-a-comprehensive-overview</link><guid>664849</guid><author>COINS NEWS</author><dc:content /><dc:text>Live Roulette Free Game: A Comprehensive Overview</dc:text></item><item><title>Best Neteller Online Gambling Enterprises: A Comprehensive Guide</title><description><![CDATA[<p>In today&#8217;s contemporary age, online casinos have come to be <a href="https://vulkanvegas-portugal.top/" rel="nofollow noopener">muscle cars portugal</a> significantly prominent among gambling lovers. With the development of modern technology, players can now enjoy their favored gambling establishment games from the comfort of their own homes. However, with a lot of online casino sites readily available, it can be overwhelming to choose the right one. That&#8217;s where Neteller can be found in. Neteller is an extensively utilized on-line repayment system that provides a safe and secure and convenient method to make deposits and withdrawals at on the internet casino sites. In this post, we will explore the very best Neteller online casino sites, their attributes, and why you need to think about utilizing this payment method.</p><h2>What is Neteller?</h2><p>Neteller is an on-line repayment system that enables individuals to make safe and secure money transfers over the internet. It was established in 1999 and is had by the Paysafe Team, a leading global service provider of on the internet payment remedies. Neteller is controlled by the Financial Conduct Authority (FCA), which makes certain that it adheres to strict standards <a href="https://glorycasino.world/" rel="nofollow noopener">glory casino online</a> of security and consumer protection.</p><p>Neteller is extensively accepted at online casino sites all over the world and is known for its rate, safety, and comfort. It uses a range of repayment options, consisting of credit and debit cards, financial institution transfers, and e-wallets. With Neteller, players can fund their on-line casino accounts immediately and make withdrawals rapidly and conveniently.</p><p>Among the key benefits of utilizing Neteller at on-line gambling establishments is the high level of protection it provides. Neteller uses state-of-the-art security technology to secure your personal and financial info, making certain that your transactions are risk-free and safe and secure.</p><ul><li>High level of protection</li><li>Wide acceptance at on the internet casino sites</li><li>Fast deposits and withdrawals</li></ul><p>If you&#8217;re trying to find a dependable and safe settlement method for your on the internet gambling enterprise deals, Neteller is a superb selection.</p><h2>Leading Neteller Online Casinos</h2><p>Now that you comprehend the benefits of using Neteller, let&#8217;s explore several of the best online gambling enterprises that accept this repayment method.</p><p><strong>1. Casino A:</strong> Online casino A is a trustworthy online gambling enterprise that provides a large option of games, including slots, table games, and live dealer games. The casino approves Neteller and gives a seamless and safe repayment experience. With its charitable rewards and promos, Gambling establishment A is a top selection for players wanting to maximize their online casino site experience.</p><p><strong>2. Gambling enterprise B:</strong> Gambling enterprise B is an additional prominent online casino site that accepts Neteller. It features a straightforward interface and a diverse series of video games, consisting of preferred titles from leading software service providers. With its rapid payments and outstanding consumer support, Casino B is a favored amongst on-line casino gamers.</p><p><strong>3. Casino site C:</strong> Online casino C is renowned for its considerable game collection and premium graphics. This on-line casino is recognized for its dedication to customer contentment, providing a seamless and protected gaming experience. With its Neteller repayment option, Online casino C makes sure fast and problem-free purchases for its gamers.</p><h2>Why Select Neteller?</h2><p>There are a number of reasons why Neteller is an outstanding selection for on the internet gambling enterprise transactions:</p><ul><li><strong>Safety:</strong> Neteller utilizes innovative safety measures to safeguard your individual and monetary details, making sure a safe and protected pc gaming experience.</li><li><strong>Speed:</strong> With Neteller, down payments and withdrawals are processed immediately, permitting you to begin playing your favored online casino games without any delays.</li><li><strong>Ease:</strong> Neteller offers a range of settlement choices, making it simple for players to fund their online casino accounts.</li><li><strong>Widely Accepted:</strong> Neteller is approved at many on-line casinos, offering you a large range of choices to pick from.</li></ul><h2>Conclusion</h2><p>When it concerns on the internet gambling enterprise deals, Neteller is a trusted and hassle-free payment method. Its high degree of protection, fast processing times, and broad approval make it a leading selection for players all over the world. By choosing a Neteller online gambling establishment, you can delight in a secure and seamless pc gaming experience. So, why wait? Beginning dipping into the very best Neteller online gambling enterprises today and take your gaming trip to new elevations!</p>]]></description><link>https://m.coinsnews.com/best-neteller-online-gambling-enterprises-a-comprehensive-guide</link><guid>664850</guid><author>COINS NEWS</author><dc:content /><dc:text>Best Neteller Online Gambling Enterprises: A Comprehensive Guide</dc:text></item><item><title>Best Payment Online Online Casinos: Find Your Luckiest Destination!</title><description><![CDATA[<p>When it concerns on the internet betting, one vital element that every gamer thinks about is the payment rate. The higher the payment rate, the far better opportunities you have of winning large. In this post, we will certainly discover the very best payment online gambling establishments that provide amazing payout percents and a thrilling gaming experience. Whether you&#8217;re an experienced player or a beginner, these gambling enterprises will certainly please your food craving <a href="https://www.slotsofvegaslinks.com/click/15/3983/13917/1" rel="nofollow noopener">slots of vegas login</a> for big wins!</p><h2>Variables to Think About when Choosing a High Payout Online Gambling Enterprise</h2><p>Prior to we study the listing of finest payout online gambling enterprises, allow&#8217;s first understand the variables you require to think about when picking one.</p><p>1.<strong>Payout Percentage:</strong> This is the most critical aspect to take into consideration. Seek casinos with a high payout percent, preferably over 95%. A greater payment portion implies greater possibilities of winning.</p><p>2.<strong>Game Selection:</strong> A wide range of video games makes certain that you have enough selections to improve your video gaming experience. Look for casinos that provide a varied collection of ports, table video games, and live dealership games.</p><p>3.<strong>Perks and Promotions:</strong> Generous incentives and promotions can improve your possibilities of winning and give additional entertainment worth.</p><p>4.<strong>Safety and security and Justness:</strong> Ensure that the casino site is certified and controlled by a respectable authority. Also, search for casino <a href="https://link.totalaffiliates.com/c/471124" rel="nofollow noopener">red stag</a> sites that use sophisticated encryption technology to protect your individual and economic details.</p><p>5.<strong>Client Assistance:</strong> A trusted customer assistance team is necessary to resolve any type of questions or worries you might have throughout your pc gaming trip.</p><ul><li>Now that you know what to watch out for when choosing an on the internet casino site, allow&#8217;s study the checklist of best payment online casinos:</li></ul><h2>1. Casino site A</h2><p>Online casino A supplies among the highest payment percentages in the market, with a typical payment rate of 97%. It boasts a considerable game collection, including a vast choice of ports, table games, and live dealership video games. The online casino additionally supplies a charitable welcome benefit and normal promotions to maintain players engaged. With its excellent protection procedures and trusted client assistance, Casino site A guarantees a risk-free and pleasurable gaming experience.</p><h2>2. Gambling establishment B</h2><p>With a payout portion of 96.5%, Casino B is an additional top challenger for the best payout online gambling enterprise. It uses a substantial selection of games powered by leading software carriers, guaranteeing both quality and variety. The casino awards gamers with financially rewarding rewards and promotions, boosting their opportunities of hitting the mark. In Addition, Online casino B provides outstanding customer assistance and ensures the security of gamers&#8217; personal and monetary details.</p><h2>3. Gambling enterprise C</h2><p>Recognized for its superior payment rate of 98%, Casino C is a heaven for gamers trying to find good fortunes. The casino hosts an outstanding collection of games, varying from traditional slots to innovative live dealer games. Gambling enterprise C stands out with its remarkable perks and promotions, luring players to try their luck. Furthermore, the casino prioritizes safety and justness, guaranteeing a safe and secure and transparent pc gaming setting.</p><h2>4. Gambling establishment D</h2><p>With an impressive payment percent of 97.5%, Casino site D is a preferred selection among on-line gambling enthusiasts. It provides a comprehensive variety of games, consisting of top notch ports, table games, and live dealership choices. Gambling establishment D takes pride in its customer-centric method, providing top-notch consumer assistance and interesting promotions to maintain players satisfied. Furthermore, the casino site employs the most up to date safety and security procedures to secure its customers&#8217; delicate data.</p><h2>Conclusion</h2><p>When it comes to finding the most effective payment online casinos, it&#8217;s vital to think about factors like payment portion, game selection, incentives, safety and security, and client assistance. The online casinos stated in this post master all these elements, providing an unforgettable gaming experience with high opportunities of winning. So, pick your favorite gambling enterprise from the list and allow the games start! All the best!</p>]]></description><link>https://m.coinsnews.com/best-payment-online-online-casinos-find-your-luckiest-destination</link><guid>662919</guid><author>COINS NEWS</author><dc:content /><dc:text>Best Payment Online Online Casinos: Find Your Luckiest Destination!</dc:text></item><item><title>Why You Need to Think about Selecting an Essay Service</title><description><![CDATA[</p><p>When you want a much better essay writing experience, you should search for an article service which may supply you with excellent and initial ideas. There are a good deal of different explanations for why somebody would have to employ a writing support.</p><p>The very first reason why a fantastic service will probably be good is due to the<span id="more-584017"></span> caliber of the essays that they create. When someone goes in to write an article, they normally don&#8217;t have enough opportunity to actually think of what themselves. A professional service will make sure that their writers are nicely equipped with all the necessary information they need to find the task done properly.</p><p>Another reason that you should consider employing an essay service is since they can provide a fantastic excellent output. Do not forget that you do not have to go in and employ a writer who&#8217;s written a million documents before. A composition service can really give you a fresh perspective on the topic matter.</p><p>Also, this gives you a sense as to how much work it is going <a href="https://corretor-de-texto.com/" rel="nofollow noopener">corretor de texto online gratis</a> to have to get the job <a href="https://corretor-de-texto.com/corretor-de-texto-ingles" rel="nofollow noopener">corretor de ingles</a> completed. Obviously, if you do not really wish to devote that much time, then you can always employ a writer who has previously worked on different jobs. This really is a excellent idea if you are not a hard worker and do not mind using a challenging assignment.</p><p>The third reason you should think about hiring an essay support is as they can supply you with an outstanding article. Most of the time, authors will spend their time on creating a fantastic layout of the whole paper. The major thing they are trying to accomplish is to present a job as effectively as possible.</p><p>Of course, they might also spend some time developing a flow graph or breakdown of the project. In the event you were to employ a writer to create the layout, then you may have a problem. But, an article service can offer you a polished look that may have your reader speaking about the job for weeks after completing it.</p><p>A excellent service will provide you an original article. Bear in mind that a lot of the different newspapers you see at different universities and colleges have been plagiarized. By hiring an agency, you&#8217;re going to have a really expert essay that has been written by a person who has got the right to write it.</p><p>These are just a couple reason why you need to think about hiring a service. By utilizing an essay assistance, you&#8217;ll be able to have an interesting paper that will help you advance in your academic career.</p>]]></description><link>https://m.coinsnews.com/why-you-need-to-think-about-selecting-an-essay-service</link><guid>661960</guid><author>COINS NEWS</author><dc:content /><dc:text>Why You Need to Think about Selecting an Essay Service</dc:text></item><item><title>Online Gambling Enterprises that Accept Mastercard</title><description><![CDATA[<p>Mastercard is just one of one of the most extensively accepted settlement techniques on the planet, and it is not a surprise that several on the internet casinos approve this prominent charge card. If you are wanting to play at an online casino and favor using your Mastercard for deposits and withdrawals, you remain in good luck. In this short article, we will certainly discover the most effective online gambling establishments that approve Mastercard, providing you with a hassle-free and safe and secure means to appreciate your preferred casino site games.</p><h2>Why Choose an Online Gambling Establishment that Accepts Mastercard?</h2><p>Mastercard provides several advantages for on the internet casino players:</p><p><strong>Comfort:</strong> Using your Mastercard permits fast and very easy down payments and withdrawals at on-line casinos. You can money your gambling establishment account within minutes and start playing your favored games as soon as possible.</p><p><strong>Security:</strong> Mastercard offers high degrees of safety and security and fraud defense. When making transactions at online gambling enterprises, you can have satisfaction recognizing that your individual and economic details is protected.</p><p><strong>Global Acceptance:</strong> With Mastercard being accepted in over 200 nations worldwide, you can use your card to play at on the internet gambling enterprises regardless of where you are located. This makes it a convenient choice for gamers from around the globe.</p><ul><li>Quick and Secure Purchases</li><li>Worldwide Acceptance</li><li>Convenience</li></ul><p><strong>Benefits and Rewards:</strong> Some on the internet gambling enterprises offer unique rewards and benefits for players who make use of Mastercard as their preferred payment method. These can include bonus offer cash money, free rotates, and other exciting promotions.</p><h2>The Very Best Online Online Casinos that Accept Mastercard</h2><p>Now that you understand the advantages of utilizing Mastercard at on the internet casinos, let&#8217;s take a look at a few of the top casino sites that approve this repayment approach:</p><p>1.<strong>Casino site A:</strong> Gambling establishment A is a prominent online casino that accepts Mastercard for down payments and withdrawals. With a wide variety of gambling establishment video games and an user-friendly user interface, Gambling enterprise An offers a wonderful pc gaming experience for players.</p><p>2.<strong>Casino B:</strong> Casino site B is recognized <a href="https://colo-slots.top/" rel="nofollow noopener">colo slot</a> for its generous welcome incentives and a range of repayment options, consisting of Mastercard. This online casino flaunts a huge choice of ports, table video games, and live supplier games, ensuring there is something for every gamer.</p><p>3.<strong>Casino site C:</strong> Gambling establishment C is a reliable online gambling establishment that offers a smooth and secure video gaming system. With its wide option of games and appealing perks, this casino is a favored amongst Mastercard users.</p><h2>How to Make a Deposit with Mastercard</h2><p>Making a down payment with Mastercard at an on the internet gambling enterprise is a simple procedure. Adhere to these actions:</p><ul><li>Step 1: Register an account at your selected on-line casino site.</li><li>Step 2: Browse to the cashier or banking section of the online casino web site.</li><li>Step 3: Select Mastercard as your favored settlement technique.</li><li>Step 4: Enter your card details, including the card number, expiration date, and CVV code.</li><li>Step 5: Enter the down payment quantity and validate the transaction.</li><li>Step 6: Await the transaction to be <a href="https://daleplay.top/" rel="nofollow noopener">daleplay casino</a> processed, and the funds will certainly be promptly offered in your gambling establishment account.</li></ul><p>It&#8217;s important to note that some on-line casino sites may charge a little charge for using Mastercard for deposits or withdrawals. Additionally, withdrawals might take a bit longer to refine compared to down payments.</p><h2>Tips for Dipping Into Online Online Casinos with Mastercard</h2><p>Here are some useful ideas to maximize your on-line casino experience when utilizing Mastercard:</p><ul><li>Track your investing: Set a budget and adhere to it. It&#8217;s easy to get lugged away when playing at online casino sites, so guarantee responsible gaming.</li><li>Check for bonus offers and promotions: Several online casino sites use special perks and promotions for Mastercard users. Make the most of these offers to optimize your pc gaming experience.</li><li>Review the conditions: Before dipping into an on the internet casino site, make certain to read and understand the terms, consisting of the betting demands for benefits.</li><li>Dip into trusted gambling enterprises: Always select qualified and regulated online gambling establishments to make sure reasonable gameplay and protected purchases.</li></ul><h3>Final thought</h3><p>Using Mastercard as a payment method at online gambling enterprises uses convenience, safety and security, and global acceptance. With numerous trustworthy on the internet gambling enterprises accepting Mastercard, gamers can delight in a seamless gaming experience and take advantage of unique bonus offers and promos. Keep in mind to play responsibly and pick relied on gambling establishments to guarantee a safe and delightful gaming experience.</p>]]></description><link>https://m.coinsnews.com/online-gambling-enterprises-that-accept-mastercard</link><guid>661554</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Gambling Enterprises that Accept Mastercard</dc:text></item><item><title>Free Roulette Gamings: A Comprehensive Guide</title><description><![CDATA[<p>Roulette is one of the most preferred and renowned gambling establishment video games on the planet. Its beginnings can be traced back to 17th century France, and it has given that become a staple in both land-based and online gambling enterprises. The game uses a thrilling and fast-paced experience that has actually attracted numerous gamers over the years. In this write-up, we will certainly discover the globe of free roulette video games, their benefits, and how to appreciate them.</p><p>Whether you are a novice gamer wanting to find out the ropes or a skilled bettor sharpening your skills, totally free live roulette video games offer a safe means to appreciate the enjoyment of the game without betting real cash. These video games use an online simulation of the live roulette table, supplying players with an authentic gambling enterprise experience.</p><h2>The Benefits of Free Roulette Gamings</h2><p>Free roulette video games offer numerous benefits for players:</p><p><strong>1. Practice and Ability Advancement:</strong> Among the key advantages of playing free roulette games is the opportunity to practice and develop your live roulette skills. Whether you are new to the game or seeking to improve your techniques, these games enable you to experiment without the fear of shedding money.</p><p><strong>2. Acquaint Yourself with Various Variants:</strong> Live roulette can be found in different versions, including European, American, and French. Each variation has its own collection of regulations and chances. Free roulette games allow players to discover and familiarize themselves with different variants, assisting them make educated choices when having fun with actual money.</p><p><strong>3. Test New Betting Techniques:</strong> Free live roulette video games are an outstanding platform to check new betting strategies and systems. You can explore different betting patterns and approaches without any monetary danger. This enables <a href="https://aviator-gameformoney.top/" rel="nofollow noopener">aviator-gameformoney.top</a> you to identify what jobs best for you before devoting real cash.</p><p><strong>4. Amusement and Enjoyable:</strong> Even if you are not curious about playing with actual money, cost-free live roulette video games use an enjoyable and satisfying experience. The captivating gameplay, reasonable graphics, and immersive sound effects create <a href="https://plinkogeorgia.top/" rel="nofollow noopener">plinkogeorgia.top</a> an awesome atmosphere that can maintain you engaged for hours.</p><h2>Where to Discover Free Live Roulette Games</h2><p>Free live roulette games are widely available online, and there are several reputable websites that offer them. These websites provide a variety of cost-free live roulette video games, from classic variations to modern-day adaptations. Several of the most popular systems totally free roulette video games include:</p><ul><li>1. Online Gambling Enterprises: Many on-line casinos use totally free variations of roulette games. These casino sites provide a large choice of video game variations and typically consist of additional attributes to improve the gameplay experience.</li><li>2. Game Developers&#8217; Websites: Some video game programmers have committed sites where players can access their cost-free roulette video games. These websites frequently display their most current releases and enable gamers to bet free.</li><li>3. Mobile Applications: Mobile video gaming has obtained enormous popularity in recent years. Several mobile applications supply cost-free live roulette games that can be played on smartphones and tablet computers, giving convenient access to the game.</li></ul><p>When picking a system to play free roulette games, it is essential to make certain that it is reputable and protected. Try to find platforms that are certified and regulated to make sure reasonable gameplay and the defense of your personal information.</p><h2>Tips for Playing Free Roulette Games</h2><p>While playing totally free live roulette games does not include genuine money, there are still approaches and ideas you can use to boost your experience:</p><ul><li>1. Establish a Budget plan: Deal with totally free roulette video games as if you were playing with genuine cash. Establish a spending plan and stick to it, staying clear of the temptation to spend beyond your means or chase after losses.</li><li>2. Trying Out Various Bets: Free roulette games supply a safe atmosphere to experiment with numerous wagering mixes. Check out different bet types and see how they impact your gameplay.</li><li>3. Find out the Regulations: Put in the time to recognize the policies and details of the live roulette version you are playing. This knowledge will certainly give you a side when you decide to have fun with actual money.</li><li>4. Practice Bankroll Management: Even though you are not utilizing real money, practicing great bankroll management is essential. Set restrictions for yourself and practice technique to avoid impulsive decisions.</li><li>5. Take pleasure in the Experience: Free roulette games are meant to be enjoyable and enjoyable. Unwind, kick back, and delight in the authentic online casino experience without the fear of shedding cash.</li></ul><h3>Conclusion</h3><p>Free roulette games supply gamers a risk-free means to take pleasure in the enjoyment of the game. Whether you are wanting to exercise your skills, discover various variants, or check brand-new approaches, these video games give an useful knowing experience. With the wealth of systems using complimentary roulette games, players can quickly find a suitable choice to fit their preferences. So, why not provide it a spin and see where the wheel takes you!</p><p>Bear in mind, free roulette video games are about amusement and discovering, so take pleasure in the experience and enjoy!</p>]]></description><link>https://m.coinsnews.com/free-roulette-gamings-a-comprehensive-guide</link><guid>661298</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Roulette Gamings: A Comprehensive Guide</dc:text></item><item><title>Free Slot Machine Downloads Offline: The Ultimate Overview</title><description><![CDATA[<p>Are you a follower of slots? Do you appreciate the excitement of the spinning reels and the expectancy of touchdown a big win? If so, you&#8217;ve concerned the right place. In this article, we will discover the globe of free ports downloads offline, supplying you with all the information you need to appreciate your <a href="https://plinko-au.top/" rel="nofollow noopener">Plinko</a> favorite gambling establishment video games without a web link. Whether you&#8217;re a skilled player or new to the globe of ports, this guide will assist you take advantage of your offline video gaming experience.</p><p>However initially, let&#8217;s clarify what we mean by &#8220;free slots downloads offline.&#8221; These are online casino slot video games that can be downloaded and played on your tool without the requirement for a net connection. Unlike online ports, which call for an active web link to access and play, offline slots can be played anytime and anywhere, also without a web link.</p><h2>Advantages of Offline Slots Downloads</h2><p>There are numerous advantages to downloading and playing ports offline. Allow&#8217;s take a look at some of the crucial advantages:</p><ul><li><strong>No Internet Link Needed:</strong> Among the primary advantages <a href="https://aviatorgioco-it.top/" rel="nofollow noopener">Aviator Gioco</a> of offline ports downloads is that you can play your favorite games without requiring an internet connection. This implies you can enjoy your preferred one-armed bandit also when you&#8217;re in a location with poor or no net connection.</li><li><strong>No Data Use:</strong> Offline slots don&#8217;t need you to utilize your mobile data or Wi-Fi to play. This can be especially valuable if you have a restricted data strategy or if you remain in a location with expensive or slow-moving internet accessibility.</li><li><strong>Play Anytime, Any Place:</strong> With offline slots, you have the adaptability to play whenever and wherever you want. Whether you&#8217;re on a long trip, commuting to function, or merely kicking back in your home, you can access your favored slot video games with no constraints.</li><li><strong>No Interruptions:</strong> Unlike on the internet slots, which can be influenced by web connectivity problems or web server issues, offline ports supply a smooth gaming experience with no disruptions or lags. You can enjoy your preferred games without stressing over interferences or technological problems.</li></ul><h2>Just How to Download Offline Port Gamings</h2><p>Since you recognize the advantages of offline slots downloads, let&#8217;s check out how you can download and install and access these video games on your device:</p><ul><li><strong>Action 1: Pick a Trustworthy Online Casino Site:</strong> Start by picking a credible online casino that provides a vast array of offline port games. Search for online casinos that have favorable reviews, a good option of video games, and an user-friendly interface.</li><li><strong>Step 2: Examine Compatibility:</strong> Before downloading and install any offline port games, make certain your device works. Check the system needs and make certain that your device has sufficient storage area to suit the video games.</li><li><strong>Action 3: Download And Install the Casino Site Software:</strong> Once you have actually picked a gambling enterprise, visit their web site and download their software program or mobile app. Comply with the instructions supplied to mount the software application on your tool.</li><li><strong>Tip 4: Develop an Account:</strong> If you do not already have an account, you will certainly require to create one. Give the essential information and complete the enrollment procedure.</li><li><strong>Tip 5: Access the Offline Port Gamings:</strong> When you have actually installed the online casino software application and logged right into your account, you can access the offline port video games. Check out the readily available games and select the ones you intend to download.</li><li><strong>Step 6: Download the Games:</strong> Click on the download button or adhere to the supplied guidelines to download and install the offline port games to your tool. Relying on the size of the games and your net connection, the download procedure might take a few minutes to finish.</li></ul><h2>Tips for Delighting In Offline Port Games</h2><p>Since you have downloaded your preferred offline port video games, here are some ideas to enhance your video gaming experience:</p><ul><li><strong>Set a Budget:</strong> Prior to you begin playing, establish a budget and stick to it. This will certainly aid you manage your money and prevent overspending.</li><li><strong>Try Different Games:</strong> Offline slot video games been available in a variety of motifs and styles. Make the effort to explore different games and locate the ones that suit your choices. This will maintain your pc gaming experience fresh and amazing.</li><li><strong>Experiment Free Gamings:</strong> Most offline slot games supply a complimentary play setting. Make the most of this feature to familiarize yourself with the game mechanics and create a winning method without taking the chance of any real money.</li><li><strong>Take Breaks:</strong> Playing ports for prolonged durations can be draining. Bear in mind to take breaks and give on your own time to kick back and reenergize.</li><li><strong>Remain Updated:</strong> Just because you&#8217;re playing offline does not suggest you ought to miss out on brand-new game releases or promotions. Keep an eye on the online casino&#8217;s site or app for the most recent updates and deals.</li></ul><h3>Conclusion</h3><p>Free ports downloads offline give a convenient and satisfying method to play your favored port games without an internet link. With the ability to play anytime and anywhere, no information usage, and nonstop gameplay, offline slots offer an one-of-a-kind pc gaming experience. By adhering to the actions described in this overview and implementing the provided ideas, you can maximize your offline port gaming experience. So, download your favored offline slot games today and get ready for an amazing gaming experience like nothing else!</p>]]></description><link>https://m.coinsnews.com/free-slot-machine-downloads-offline-the-ultimate-overview</link><guid>661299</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Slot Machine Downloads Offline: The Ultimate Overview</dc:text></item><item><title>Leading Gambling Establishments That Accept Mastercard</title><description><![CDATA[<p>When it concerns on the internet gambling, discovering a reputable and protected settlement technique is vital. Many gamers choose using their charge card for deposits and withdrawals. Mastercard, one of the biggest and most relied on repayment providers worldwide, is extensively approved at various online casino sites. In this article, we will certainly discover the top gambling establishments that approve Mastercard as a payment approach, making certain a smooth and convenient gambling experience for gamers.</p><h2>1. Casino site A</h2><p>With a stellar track record and a wide option of video games, Casino site A is a top choice for players that intend to utilize their Mastercard for deposits and withdrawals. The casino site provides a protected and straightforward platform, ensuring that gamers&#8217; personal and monetary information is shielded. Additionally, Gambling enterprise A supplies a generous welcome reward and normal promos to boost the video gaming experience for its gamers.</p><p>At Gambling establishment A, players can take pleasure in a varied variety of games, consisting of ports, table video games, and live supplier choices. The gambling enterprise works together with popular software application companies, making sure high-grade graphics and immersive gameplay. With Mastercard as an accepted settlement method, gamers can quickly fund their accounts and delight in seamless transactions.</p><p>In addition, Online casino An offers trusted consumer support, available 24/7 through live conversation or e-mail. Gamers can feel confident that their issues will certainly be immediately dealt with, even more boosting the overall gaming experience.</p><h2>2. Casino B</h2><p>An additional top casino that approves Mastercard is Casino site B. This credible online gambling enterprise is recognized for its substantial video game collection and protected settlement alternatives. Gamers can utilize their Mastercard for fast and hassle-free deposits and withdrawals.</p><p>At Online casino B, players can discover a variety of games, including slots, blackjack, roulette, and more. The gambling establishment teams up with leading software application service providers, making sure a smooth gaming experience with magnificent graphics and exciting gameplay. Furthermore, Casino site B provides tempting bonuses and promotions, <a href="https://plinkocasinogermany.click/" rel="nofollow noopener">plinkocasinogermany.click</a> adding added value for its players.</p><p>Casino B focuses on customer <a href="https://jetxjogo.top/" rel="nofollow noopener">jetxjogo.top</a> complete satisfaction and gives superb customer assistance. Gamers can reach out to the assistance team through live conversation or e-mail, getting timely help for any type of inquiries or problems they might encounter.</p><p>With its dedication to safety and security, a huge game selection, and Mastercard as a settlement choice, Gambling establishment B attracts attention as an excellent option for online casino players.</p><h2>3. Gambling enterprise C</h2><p>Gambling enterprise C is a trusted online gambling establishment that also accepts Mastercard as a repayment approach. With an easy to use interface and a wide range of games, this gambling enterprise uses a satisfying gambling experience for gamers.</p><p>Players at Gambling enterprise C can enjoy a diverse collection of ports, table video games, and live gambling establishment options. The gambling enterprise works with trustworthy software application suppliers, guaranteeing excellent graphics and smooth gameplay. Furthermore, Casino site C offers eye-catching rewards and promotions to enhance players&#8217; gaming experience.</p><p>Mastercard users can easily deposit and take out funds at Online casino C, gaining from protected deals and reliable settlement handling. The online casino employs rigorous protection actions to protect players&#8217; info, ensuring a secure gaming setting.</p><p>Casino C provides reliable consumer support, with friendly reps readily available via online conversation or e-mail. Gamers can have their concerns or worries dealt with without delay, making sure a smooth video gaming experience.</p><h2>4. Casino site D</h2><p>For gamers aiming to use their Mastercard for on-line gambling, Casino site D provides a safe and secure and satisfying system. With a large option of games and enticing rewards, this online casino makes certain an immersive pc gaming experience.</p><p>Online casino D provides a wide range of ports, table games, and live dealer alternatives from reliable software application service providers. Gamers can take pleasure in top notch graphics and seamless gameplay, enhancing their overall video gaming experience. The gambling establishment likewise provides various promos and a charitable commitment program, satisfying gamers for their loyalty.</p><p>Using Mastercard as a repayment technique at Gambling establishment D assurances quickly and safeguard deals. The casino focuses on gamer safety and security and employs durable measures to safeguard delicate information from unapproved accessibility.</p><p>Ought to gamers have any kind of inquiries or issues, Gambling establishment D uses trustworthy client assistance. The support team can be gotten to by means of online conversation or email, giving prompt help and making sure a smooth gaming journey.</p><h2>Last Thoughts</h2><p>When it involves on the internet casinos that accept Mastercard, players have numerous trustworthy choices. Online casinos A, B, C, and D provide protected platforms, substantial game selections, and attractive rewards. With Mastercard as an accepted payment method, gamers can conveniently money their accounts and delight in a seamless gambling experience. It is necessary, nonetheless, for players to gamble properly and establish limits to ensure a positive and delightful video gaming experience.</p><p>Keep in mind to always examine the terms, in addition to the settlement policies of each casino, to guarantee a smooth and protected purchase procedure. Pleased gaming!</p>]]></description><link>https://m.coinsnews.com/leading-gambling-establishments-that-accept-mastercard</link><guid>661300</guid><author>COINS NEWS</author><dc:content /><dc:text>Leading Gambling Establishments That Accept Mastercard</dc:text></item><item><title>Top Mastercard Online Online Casinos: A Comprehensive Overview</title><description><![CDATA[<p>If you are a devoted online casino player, you recognize the significance of a reputable and practical payment technique. Mastercard, one of the globe&#8217;s most prominent monetary solutions firms, supplies a protected and commonly approved settlement solution for online betting. In this <a href="https://vulkan-vegas-chile.click/" rel="nofollow noopener">vulkan.vegas.chile</a> post, we will explore the leading Mastercard online casino sites, supplying you with an extensive overview to improve your on-line pc gaming experience.</p><p>Mastercard is an international settlement technology business that operates in over 210 nations and regions worldwide. Founded in 1966, Mastercard supplies customers with credit score, debit, and pre-paid card settlement choices. Its online reputation for high-security standards and wide acceptance makes it a preferred choice for on the internet casino enthusiasts.</p><h2>Why Select Mastercard for Online Gaming?</h2><p>Mastercard provides numerous benefits that make it a superb payment technique for online betting. Right here are some reasons you need to take into consideration making use of a Mastercard at on-line casinos:</p><p><strong>1. Widely Accepted:</strong> Mastercard is accepted at many on the internet casino sites, making it very easy for players to discover systems that fit this payment approach.</p><p><strong>2. Safety And Security and Fraudulence Security:</strong> Mastercard uses sophisticated safety technologies to safeguard your economic information. Their fraud security actions, such as safe code and no liability plan, ensure assurance while gambling online.</p><p><strong>3. Convenience and Speed:</strong> With Mastercard, you can make instant down payments to your on the internet gambling establishment account, enabling you to begin playing instantly. Withdrawals are additionally quick and easy, ensuring you can access your jackpots quickly.</p><p><strong>4. Charitable Incentives:</strong> Many Mastercard cards feature reward programs that allow you to gain factors and delight in exclusive advantages while making online casino site transactions. These benefits can enhance your general pc gaming experience.</p><p><strong>5. Customer Support:</strong> Mastercard gives excellent consumer support, guaranteeing that any concerns or problems you may have with your deals are quickly resolved.</p><h2>Exactly How to Use Mastercard at Online Gambling Enterprises</h2><p>Utilizing Mastercard as your preferred payment approach at online casinos is a straightforward procedure. Below is a detailed guide to aid you start:</p><p><strong>Step 1: Pick a Trusted Online Online Casino:</strong> Start by selecting a respectable online casino site that approves Mastercard as a payment method. Guarantee the casino is licensed and regulated to assure a risk-free and reasonable pc gaming setting.</p><p><strong>Action 2: Develop an Account:</strong> Enroll in an account at the chosen online gambling establishment by giving the required details. This usually includes your name, email, and recommended currency.</p><p><strong>Step 3: Navigate to the Cashier:</strong> When your account is established, go to the casino site&#8217;s cashier section. Below, you will certainly discover a checklist of offered settlement techniques.</p><p><strong>Tip 4: Select Mastercard:</strong> Pick Mastercard as your preferred repayment method from the list of alternatives offered by the online gambling enterprise.</p><p><strong>Step 5: Enter Your Card Information:</strong> Enter your Mastercard card details, consisting of the card number, expiry day, and CVV code. Ensure that the information provided is precise to prevent any kind of settlement issues.</p><p><strong>Step 6: Define the Deposit Amount:</strong> Get in the amount you desire to deposit into your on-line casino account. It is necessary to establish a spending plan and gamble sensibly.</p><p><strong>Action 7: Verify the Transaction:</strong> Review the deal details and click on the confirmation switch to process your deposit. In many cases, the funds will be immediately credited to your online casino account.</p><h2>Leading Mastercard Online Online Casinos</h2><p>Now that you understand the advantages of utilizing Mastercard and just how to utilize it for on the internet gambling allow&#8217;s discover several of the leading Mastercard online casino sites available:</p><ul><li>1. Casino X: With a wide range of video games and charitable benefits, Casino site X gives a top-notch betting experience for Mastercard customers.</li><li>2. Prize City Gambling <a href="https://pinasbet.top/" rel="nofollow noopener">pinasbet games</a> Enterprise: Known for its comprehensive video game option and easy to use interface, Prize City Online casino is a preferred choice amongst online casino site players.</li><li>3. Spin Gambling Enterprise: Rotate Gambling enterprise uses a diverse variety of video games and profitable promotions, making it an outstanding option for Mastercard individuals.</li><li>4. Betway Gambling establishment: With its streamlined design and immersive video gaming experience, Betway Gambling establishment is a favorite destination for on-line casino enthusiasts.</li><li>5. Ruby Lot Of Money Gambling Establishment: Ruby Ton of money Casino excites gamers with its substantial video game collection and safe payment options, including Mastercard.</li><li>6. LeoVegas Gambling Enterprise: LeoVegas Gambling establishment gives a seamless mobile pc gaming experience and a great selection of ready Mastercard individuals.</li><li>7.888 Online casino: Identified for its high-quality pc gaming software program and appealing perks, 888 Casino is a superb option for Mastercard individuals.</li><li>8. Royal Panda Gambling Establishment: Royal Panda Gambling enterprise provides an user-friendly interface and a substantial collection of games, guaranteeing a pleasurable betting experience.</li><li>9. Casumo Online Casino: Casumo Gambling establishment stands out with its special gamified method to online gambling and smooth settlement process making use of Mastercard.</li><li>10. PlayOJO Casino: Known for its clear and fair video gaming plan, PlayOJO Online casino supplies a protected environment for Mastercard deals.</li></ul><p>Bear in mind to research study each online casino site thoroughly, taking into consideration variables such as video game option, rewards, consumer assistance, and general track record before making your decision.</p><h2>The Future of Mastercard Online Online Casinos</h2><p>As the on the internet gambling industry continues to evolve, Mastercard stays at the center of offering innovative settlement remedies. With the boosting popularity of mobile pc gaming, Mastercard makes sure seamless transactions on various tools, consisting of mobile phones and tablets.</p><h3>To conclude</h3><p>Mastercard provides a reputable and hassle-free settlement approach for on the internet casino site players worldwide. Its safety and security features, vast acceptance, and quick transaction handling make it a perfect option for a smooth gaming experience. By choosing one of the leading Mastercard online casinos pointed out in this short article, you can enhance your video gaming adventure and dive into a world of exhilaration.</p><p>Keep in mind to gamble sensibly and establish restrictions to guarantee a risk-free and delightful on-line gambling experience. All the best and delighted video gaming!</p>]]></description><link>https://m.coinsnews.com/top-mastercard-online-online-casinos-a-comprehensive-overview</link><guid>661301</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Mastercard Online Online Casinos: A Comprehensive Overview</dc:text></item><item><title>Free Online Slots</title><description><![CDATA[<p>It&#8217;s never been easier to play free online slot machines. Slot games are now accessible online without the need to sign up or download. There are a variety of slot games that are well-known. The slot game genre is focused on different types of profit-generating elements. Slots are a great method of earning money online. Below are a few of the free<span id="more-584005"></span> slot machines that are playable without registration. You can play new games often.</p><h2>NetEnt<br /></h2><p>NetEnt is synonymous with online slots. Since their inception by the company in 1996, they have been creating new games since then. Their slots are known for their unique theme and unique features. Most of their games have the highest RTP than the typical online slot of 96 percent. The visual effects and graphics on their slots are superb. The NetEnt games are loved by everyone who plays. Because they are free to try you can actually win cash from them.</p><h2>Playtech<br /></h2><p>If you love TV shows, you&#8217;ll love Playtech slots. These branded games include popular titles like Superman, Batman, or DC Comics. But, if you prefer traditional casino slot games, check out some of their online games. There are many options available <a href="https://plinko-ukraine.top/" rel="nofollow noopener">Plinko</a> to suit your needs. Here are just a few of them:</p><h2>Bally<br /></h2><p>One of the Bally online slot games is a great choice if you&#8217;re looking for an exciting and enjoyable online slot game. Bally is an organization that produces slot machines and has many intellectual properties. The company provides free slot games for most brands and offers both fixed jackpots and progressive jackpots. You can play games like Cash Spin, Hot Spin and the Triple Cash Wheel, which features the Quick Hit jackpot and special symbols. You can even play Bally games at your home at no cost!</p><h2>Hollywood<br /></h2><p>If you&#8217;re a lover of the big screen, then you might like to play a few Hollywood free online slot games. These slots are designed to take you back to the golden time of the silver screen complete with action, romance and horror stories. You will also find beautiful animations, sound effects, and multipliers. There are also many different kinds of games, such as ones based on movies. This article will outline the different types of games that are available at the Hollywood casino.</p><h2>Hollywood online<br /></h2><p>Play free Hollywood online slots and feel the thrill of a movie set. Many Hollywood themed games come with free spins and multiplier bonuses, rewards, and progressive jackpots. Some <a href="https://plinkocasino-gr.click/" rel="nofollow noopener">Plinko Casino</a> even include multi-free spins bonuses. Your winnings will depend on the size of your wager. The greater your stake, the greater your payout. Certain bonus features are only available when you bet at the highest stakes.</p><h2>House of Fun Quest<br /></h2><p>House of Fun is a new feature in the wildly popular Free Online Slot Games category. This feature sets new missions for players to complete to win free coins and spins. In addition, the free spins feature takes players on an epic trip across the globe following a mother and daughter. To win prizes, players can unlock cities or suitcases. They can also visit famous landmarks such as Paris, London, or Rome.</p><h2>House of Riches<br /></h2><p>The theme of the Life of Riches free online slot game is luxury and a luxurious life. With a maximum of 4000x your line bet it&#8217;s a risky game but it can reward players with huge wins. Microgaming designed this game so it looks like something from of an epic fairytale. It includes a bikini-clad beach babe as well as an adrenaline-fueled race vehicle, and a classy casino player.</p><h2>House of Poseidon<br /></h2><p>This game based on the theme of Poseidon has five spinning reels with three symbols on each. It is not necessary to bet on specific paylines in the game, as winning combinations can appear anywhere on the reels. The expanding wilds offer an increase of 2x during the free spins game. When they appear on the first, second, or third reels they will bring a winning.</p><h2>House of Poseidon II<br /></h2><p>House of Poseidon II offers an innovative way to enjoy the sea, or a chance to win huge. In this game Poseidon, the god of the sea governs the vast oceans and has amassed a fortune for himself. Lucky gamblers will share his fortune. The slot that is free has two ways to win: one way is when you get an award, and the second is if you get the basic bet. The Poseidon&#8217;s jackpot will double when there are two Wild symbols on the reels.</p>]]></description><link>https://m.coinsnews.com/free-online-slots</link><guid>661302</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Online Slots</dc:text></item><item><title>No Betting Deposit Perk: A Comprehensive Overview</title><description><![CDATA[<p>When it comes to online betting, gamers are always in search of the best incentives and promos. Among the many offers available, the no betting deposit bonus sticks out as an attractive recommendation. In this post, we will delve into the globe of no betting deposit incentives, supplying you with all the information you need to know to make a notified choice.</p><h2>What is a No Wagering Deposit Perk?</h2><p>A no wagering down payment reward is a sort of promotion used by online gambling establishments where players receive an incentive upon making a down payment, and they are not called for to fulfill any kind of betting demands prior to withdrawing their jackpots. Unlike standard down payment benefits, where players need to play through the reward amount a certain variety of times, the no betting down payment bonus offer permits gamers to maintain their jackpots without any limitations.</p><p>Usually, no wagering deposit rewards can be found in the form of totally free rotates or reward cash money. Free rotates can be utilized on particular port games, while benefit cash money can be utilized on a broader variety of games within the gambling enterprise.</p><p>It is important to keep in mind that <a href="https://lobo888entrar.com/" rel="nofollow noopener">lobo 888 site</a> while no wagering down payment bonus offers do not have betting requirements, they might still have other terms connected. These may include minimum down payment amounts, maximum wager restrictions, and limited games. For that reason, it is essential to review the terms and conditions meticulously prior to claiming a no wagering deposit bonus.</p><ul><li>No betting demands</li><li>Can be offered as free spins or bonus offer money</li><li>May have various other terms</li></ul><h2>Advantages of No Betting Deposit Rewards</h2><p>No wagering down payment bonus offers feature a number of advantages that make them appealing to gamers. Right here are a few of the crucial benefits:</p><ul><li><strong>Maintain what you win:</strong> The most substantial benefit of a no betting down payment bonus is that players reach maintain their jackpots without any restrictions. This implies that any type of payouts earned from using the bonus offer can be quickly taken out, supplying gamers with even more control over their funds.</li><li><strong>No playthrough needs:</strong> Conventional down payment bonus offers generally come with playthrough needs, which call for players to wager the bonus amount a certain number of times prior to they can take out any type of payouts. With no betting down payment incentives, players do not have to bother with meeting these needs, saving them time and effort.</li><li><strong>Boosted openness:</strong> No wagering down payment perks are recognized for their transparency. Unlike some other bonuses that include complex terms, these benefits are straightforward. Gamers know exactly what they are obtaining and what they require to do to withdraw their payouts.</li><li><strong>Improved player experience:</strong> By getting rid of betting requirements, on-line casino sites aim to give an extra enjoyable experience for their players. Without limitations on their winnings, gamers can focus on playing their favorite video games and having a good time.</li></ul><h2>Just how to Find the very best No Betting Down Payment Bonuses</h2><p>With the enhancing appeal of no wagering deposit benefits, many on-line casino sites now provide these promotions. Nevertheless, not all incentives are produced equal, and it is important to discover the best ones that fit your needs. Right here are some pointers to help you discover the best no wagering down payment benefits:</p><ul><li><strong>Research study:</strong> Spend a long time investigating different on-line gambling enterprises and their reward offerings. Seek gambling enterprises with a good online reputation and positive testimonials from gamers. Inspect if they provide no betting deposit rewards and what types of games the bonus offers can be utilized on.</li><li><strong>Contrast:</strong> When you have a shortlist of prospective gambling establishments, contrast their no wagering deposit perks. Take a look at factors such as the perk quantity, the variety of cost-free spins supplied, and any kind of added terms. Choose the bonus that uses the most effective worth for your money.</li><li><strong>Check out the terms and conditions:</strong> Before asserting a no betting deposit reward, checked out the terms and conditions meticulously. Take note of any restrictions or restrictions, such as video game contributions, optimal bet limits, and expiry days. Make certain that the benefit aligns with your gameplay preferences and requirements.</li><li><strong>Make the most of promos:</strong> Watch out for special promos and deals from online casino sites. Some casinos may supply special no betting down payment rewards to devoted gamers or as component of their seasonal promos. By remaining upgraded on the latest deals, you can optimize your possibilities of finding the very best incentives.</li></ul><h2>Verdict</h2><p>No betting down payment bonuses use a distinct and tempting chance for on-line casino gamers. Without any wagering demands to satisfy, gamers can keep their winnings with no limitations. However, it is important to remember that <a href="https://spacemanbet-br.top/" rel="nofollow noopener">spaceman site oficial</a> these bonus offers might still have various other conditions that need to be considered.</p><p>By recognizing the benefits of no betting deposit bonuses and knowing exactly how to discover the most effective ones, gamers can maximize these promos and boost their total gaming experience. As constantly, it is crucial to bet responsibly and just have fun with funds that you can manage to lose.</p>]]></description><link>https://m.coinsnews.com/no-betting-deposit-perk-a-comprehensive-overview</link><guid>661236</guid><author>COINS NEWS</author><dc:content /><dc:text>No Betting Deposit Perk: A Comprehensive Overview</dc:text></item><item><title>Choosing The Best Online Casino Games</title><description><![CDATA[<p>Online gamblers can have the same entertainment and camaraderie of brick and mortar casinos by playing live games at a casino. Instead of drawing random numbers out of a hat, or from a wheel, they use a webcam to stream live poker and roulette wheels to your computer. You&#8217;ll feel the excitement of winning real cash not points or virtual cash. Get<span id="more-583999"></span> instant results from live dealers instead of random number generators or simulation.</p></p><p>Online live casino games offer the excitement of slot machines, as well as the chance to win real money. Slots can be played on machines that are marked by a number or a letter. The ball ceases to spin at a specific location on the square or circular slot machines. This number is printed on the card. You can try your luck by scratching the card and see if it will be replaced by another. If they get five correct or five wrong, they lose the amount on the card &#8211; and the bet you placed on the machine!</p></p><p>Online casino games include all the <a href="https://stakecasinobr.click/" rel="nofollow noopener">Stake Cassino</a> usual casino fare &#8211; Roulette, Baccarat, Craps, Keno, Sic Bo, Pai Gow, Keno and many <a href="https://netbetcassino.click/" rel="nofollow noopener">NetBet Casino</a> more. Online casinos provide the most exciting table games since they allow players to change games at any time they&#8217;d like. Online casinos let you switch from playing slot machines throughout the day long to quick action on cards. You can test and develop your skills without putting an end to your day.</p></p><p>With the increasing popularity of casinos online, there has been an increase in the demand for remote-based positions in the hospitality sector. There are staff in restaurants and hotels and casino staff, party staff, and many other positions. They are in high demand at present and the rate of growth for the casinos online is swift.</p></p><p>Certain online casino games can&#8217;t be played with real money. Many of the top casinos online allow players to play for cash or prizes. The best odds offer players the greatest chances of winning. One of the greatest benefits of gambling with real money is the capability to use the same gaming account to play in different currencies and at different tables around the world.</p></p><p>To enhance your fund management skills, you can use the same strategies and fund management methods at home as you would at the table. Real money games offer better chances of winning and players have an increased chance of beating the house. The house edge is something that the player must be aware of. The house edge is the amount that casinos charge to cover the costs of real money games such as maintenance and running of the gaming floor, security measures, etc.</p></p><p>Live dealer casinos allow players to participate in the identical game as live dealers and test their skills in solitaire online casino games. Some of the best online casinos are well equipped to accommodate a live dealer in various rooms around the world. Therefore, the player gets an opportunity to observe how he performs in real time. Casinos online offer players the chance to play for free. However, certain casinos offer bonuses , such as loyalty points, welcome bonuses and discounts on ticket sales and gaming machines.</p></p><p>Before selecting a casino game, players should make sure that the site has the best odds. Before entering into any agreement, it is important to thoroughly review the welcome bonus and other bonuses. To fully comprehend the obligations that come with the online casino game, it&#8217;s wise to study the terms. You should also look over the options available to you. They can vary from the number of freerolls to the amount of spins at the roulette wheel. Many of these sites offer the option of converting the initial investment into real money.</p>]]></description><link>https://m.coinsnews.com/choosing-the-best-online-casino-games</link><guid>661237</guid><author>COINS NEWS</author><dc:content /><dc:text>Choosing The Best Online Casino Games</dc:text></item><item><title>Leading Online Casino Sites That Accept Mastercard: A Comprehensive Guide</title><description><![CDATA[<p>In today&#8217;s electronic globe, on the internet gambling enterprises have come to be progressively preferred amongst betting fanatics. With the benefit and availability they supply, more and more gamers are transforming to on the internet gambling enterprises to experience the excitement of gambling from the comfort of their own homes. Among one of the <a href="https://wwwbetano.click/" rel="nofollow noopener">wwwbetano.click</a> most widely accepted and trusted payment methods in the on the internet casino industry is Mastercard. In this write-up, we will check out the leading online casino sites that approve Mastercard, providing you with an extensive overview to enhance your online gaming experience.</p><h2>The Benefits of Making Use Of Mastercard at Online Gambling Establishments</h2><p>Mastercard is one of the leading global payment options, ensuring safe and secure and reliable deals for millions of cardholders worldwide. When it involves on-line casinos, making use of Mastercard as a repayment approach provides numerous advantages:</p><p><strong>1. Wide Approval:</strong> Mastercard is approved by a substantial majority of on the internet casinos, supplying you with a higher selection of betting systems to choose from.</p><p><strong>2. Fast and Practical Deals:</strong> Transferring and taking out funds using Mastercard is quick and uncomplicated. Transactions are processed in real-time, permitting you to begin playing without any hold-ups.</p><p><strong>3. Safeguard Purchases:</strong> Mastercard employs advanced protection methods, guaranteeing that your individual and financial information is safeguarded throughout on-line transactions. This provides you with comfort while appreciating your preferred casino site games.</p><ul><li>Watch on your bankroll: Screen your transactions frequently and established costs restrictions to guarantee accountable betting.</li><li>Choose reputable casino sites: Select online gambling enterprises that are certified and regulated to guarantee fair play and the protection of your funds.</li><li>Read the terms: Familiarize yourself with the casino&#8217;s policies pertaining to settlements, bonus offers, and withdrawals to prevent any type of shocks.</li><li>Stay <a href="https://1win-brazil.click/" rel="nofollow noopener">1win-brazil.click</a> informed concerning promotions and offers: Make use of any rewards or promotions used by the on the internet casino to maximize your betting experience.</li><li>Use safe and secure internet connections: Stay clear of using public Wi-Fi when making deals to protect your financial details from potential cyberpunks.</li></ul><h2>The Top Online Gambling Enterprises That Accept Mastercard</h2><p>Now that we have developed the benefits of utilizing Mastercard at online gambling enterprises, allow&#8217;s check out a few of the top gaming platforms that approve this repayment approach:</p><p><strong>1. Casino site A:</strong> With its sleek style and easy to use interface, Casino An uses a large option of games ranging from slots to table video games. They approve Mastercard for both deposits and withdrawals, guaranteeing a seamless betting experience.</p><p><strong>2. Online casino B:</strong> Known for its generous benefits and promos, Casino site B is a favored among on the internet casino players. They use a large variety of video games, consisting of online gambling establishment options, and accept Mastercard for secure and convenient deals.</p><p><strong>3. Gambling enterprise C:</strong> Casino C boasts a substantial option of port video games from numerous software providers, ensuring a varied and amazing gaming experience. They approve Mastercard for deposits, offering you with an easy method to money your account.</p><ul><li>24/7 consumer assistance: Seek on the internet gambling enterprises that use day-and-night customer assistance to assist you with any queries or issues you may have.</li><li>Mobile compatibility: Make certain that the on-line gambling establishment is mobile-friendly, permitting you to appreciate your preferred video games on the move.</li><li>Selection of video games: Choose a platform that supplies a broad option of games to deal with your individual choices and rate of interests.</li><li>Justice and licensing: Validate that the online casino site is licensed and controlled by trustworthy authorities to guarantee fair play and the security of your funds.</li></ul><h2>Verdict</h2><p>Mastercard is a popular and trusted repayment technique for on-line casino site transactions. With its vast approval, rapid transactions, and safe and secure protocols, it enhances your on the internet gaming experience. When choosing an on the internet gambling establishment that accepts Mastercard, think about elements such as reputation, video game variety, and consumer support. By adhering to these standards and playing properly, you can delight in the excitement of on-line betting with peace of mind.</p><h3>Resources:</h3><p>1.&#8221;Mastercard Authorities Internet site&#8221; &#8211; www.mastercard.com</p><p>2.&#8221;Online Gambling Establishment Licensing and Policy&#8221; &#8211; www.example.com</p>]]></description><link>https://m.coinsnews.com/leading-online-casino-sites-that-accept-mastercard-a-comprehensive-guide</link><guid>661238</guid><author>COINS NEWS</author><dc:content /><dc:text>Leading Online Casino Sites That Accept Mastercard: A Comprehensive Guide</dc:text></item><item><title>No Deposit Bonus Offer Online Casinos: The Ultimate Guide</title><description><![CDATA[<p>Are you a fan of online casinos? Do you love the adrenaline thrill that includes playing your favorite video games? If so, then you&#8217;re probably acquainted with the concept of online casino rewards. These rewards are a fantastic method to enhance your pc gaming experience and boost your opportunities of winning. One type of perk that has acquired popularity in recent years is the no down payment perk. In this overview, we will take a closer consider what no deposit bonus offer gambling establishments are and how you can make the most out of them.</p><p>So, what exactly is a no down payment bonus? As the name suggests, it is a perk that you can claim without needing to make a deposit. In other words, the casino site offers you complimentary cash to have fun with, without any economic commitment on your part. It&#8217;s a great deal for both events involved: the online casino reaches draw in brand-new gamers, and you obtain an opportunity to try their video games without risking your own cash.</p><h2>How do No Down Payment Perks Function?</h2><p>Since we&#8217;ve established what a no down payment perk is, let&#8217;s dive into exactly how they actually function. No down payment incentives are typically offered to brand-new players as a reward to register at a gambling enterprise. To declare the bonus offer, you&#8217;ll require to produce an account and give some fundamental personal details. Once your account is confirmed, the incentive will certainly be attributed to your account, and you can start playing.</p><p>Bear in mind that no deposit incentives usually come with specific terms and conditions. For instance, there may be wagering demands that you require to fulfill prior to you can withdraw any jackpots. These demands specify the number of times you require to bet the reward quantity prior to it can be converted into real money. In addition, there might be a maximum cashout limitation, which suggests you can just take out approximately a particular amount from your payouts.</p><p>It is necessary to check out the conditions thoroughly before asserting a no deposit bonus offer. This will give you a clear understanding of what is expected of you and assist you make notified choices.</p><ul><li><strong>Kinds of No Deposit Bonus offers</strong></li></ul><p>No down payment bonuses been available in numerous forms, each with its very own collection of advantages and disadvantages. Here are several of the most common kinds:</p><h2>1. Free Spins</h2><p>Free rotates are possibly one of the most preferred type of no deposit bonus. As the name recommends, they provide you a specific number of cost-free rotates to utilize on certain port games. Free spins are a wonderful means to discover various ports and possibly win actual cash without risking your own funds.</p><h2>2. Free Play</h2><p>Free play incentives resemble totally free spins, yet as opposed to being restricted to a details slot video game, you obtain a certain amount of cost-free credits to use on any game of your selection. This gives you the liberty to try various games and find the ones that fit your choices.</p><h2>3. Free Money</h2><p>Some casinos supply totally free cash as a no deposit reward. This is a fixed amount of money that you can use to play any game of your selection. Complimentary money incentives are generally smaller compared to various other sorts of no deposit perks, however they still give a possibility to win real cash.</p><h2>4. Time-Limited Bonuses</h2><p>Time-limited bonuses are promotions that are only readily available for a particular duration. These perks typically are available in the kind of free rotates or cost-free play credits. They are a wonderful means to check out a new gambling establishment or video game without devoting to a long-lasting relationship.</p><h2>Tips for Making the Most of No Down payment Bonus offers</h2><p>Since you have a much better understanding of no down payment rewards, here are some tips to assist you get the most out of them:</p><ul><li><strong>Review the Terms:</strong> As discussed previously, it&#8217;s critical to read the terms before claiming a no deposit bonus. Take notice <a href="https://zodiac-casino.site/" rel="nofollow noopener">zodiac-casino.site</a> of the wagering demands, optimum cashout limits, and any kind of various other limitations that may use.</li><li><strong>Choose the Right Games:</strong> Some games contribute even more towards satisfying the wagering demands than others. Look for games with a high RTP (Go back to Player) percent to enhance your possibilities of winning.</li><li><strong>Manage Your Bankroll:</strong> Although you&#8217;re having fun with free cash, it is necessary to handle your money intelligently. Set a spending plan and stick to it to stay clear of overspending.</li><li><strong>Make The Most Of Loyalty Programs:</strong> If you appreciate dipping into a specific casino site, consider joining their loyalty program. These programs offer fringe benefits and rewards to dedicated players.</li><li><strong>Watch Out for Exclusive Offers:</strong> Some casinos supply exclusive no deposit perks <a href="https://zodiac-casino.site/" rel="nofollow noopener">Zodiac Casino</a> to their newsletter clients or social networks followers. See to it to check your inbox and comply with the gambling establishment&#8217;s social media sites accounts to stay upgraded.</li></ul><h2>Final thought</h2><p>No deposit reward casinos provide an amazing chance for gamers to check out new games and potentially win real cash with no monetary threat. Whether you prefer complimentary rotates, complimentary play, or free money, there is a no deposit bonus around for everyone. Remember to always review the terms and play properly. Best of luck!</p>]]></description><link>https://m.coinsnews.com/no-deposit-bonus-offer-online-casinos-the-ultimate-guide</link><guid>661239</guid><author>COINS NEWS</author><dc:content /><dc:text>No Deposit Bonus Offer Online Casinos: The Ultimate Guide</dc:text></item><item><title>Mastercard Online Casinos: A Convenient and Safe And Secure Method to Wager Online</title><description><![CDATA[<p>When it concerns on-line gaming, gamers are constantly on the lookout for secure and hassle-free settlement techniques. One such option that has actually gained tremendous appeal among casino fanatics is making use of Mastercard. As one of the leading worldwide settlement options, Mastercard uses a safe and convenient way to fund your online gambling establishment account. In this write-up, we will check out the benefits of making use of Mastercard at online casino sites, the process of making deposits and withdrawals, and a few of the leading Mastercard gambling establishments you can <a href="https://betanoapp-android.top/" rel="nofollow noopener">betano app android</a> trust.</p><p>Mastercard is a popular brand name in the monetary market, understood for its dependability, protection, and extensive approval. With millions of customers worldwide, Mastercard gives a safe and secure system for online purchases, consisting of online betting. By utilizing your Mastercard to fund your online casino account, you can delight in a smooth video gaming experience without any issues concerning the safety of your individual and monetary info.</p><h2>The Advantages of Utilizing Mastercard at Online Gambling Establishments</h2><p>Making use of Mastercard at online gambling enterprises uses a number of advantages:</p><ul><li><strong>Ease:</strong> Mastercard is extensively accepted at a lot of on the internet casino sites, making it simple for gamers to discover a casino site that sustains this repayment technique.</li><li><strong>Security:</strong> Mastercard utilizes sophisticated protection measures to shield your financial details. With functions like SecureCode and Mastercard Identity Inspect, you can take pleasure in comfort while making transactions online.</li><li><strong>Quick and Immediate Down <a href="https://esportivabetbrazil.top/" rel="nofollow noopener">Esportiva.bet casino</a> Payments:</strong> Depositing funds into your on the internet gambling enterprise account utilizing Mastercard is quick and seamless. The funds are instantly readily available, enabling you to begin playing your preferred gambling enterprise video games with no hold-ups.</li><li><strong>International Acceptance:</strong> Mastercard is approved in numerous countries worldwide, making it a suitable payment option for players that delight in gambling at global on-line casino sites.</li></ul><h2>Making Deposits and Withdrawals with Mastercard</h2><p>Making down payments and withdrawals at on the internet casinos using your Mastercard is an uncomplicated procedure:</p><p>To make a deposit:</p><ol><li>Select the Mastercard repayment alternative on the casino&#8217;s down payment page.</li><li>Enter your card information, consisting of the card number, expiry day, and CVV code.</li><li>Define the quantity you desire to transfer into your gambling establishment account.</li><li>Validate the deal and wait for the funds to be credited to your account. In most cases, the deposit is refined instantly.</li></ol><p>To make a withdrawal:</p><ol><li>Visit the casino site&#8217;s withdrawal page and select Mastercard as your favored withdrawal method.</li><li>Get in the quantity you want to take out.</li><li>Offer any kind of extra info requested by the casino, such as your card information or safety code.</li><li>Confirm the withdrawal and await the funds to be transferred to your Mastercard account. The processing time for withdrawals might differ relying on the casino site.</li></ol><h2>Leading Mastercard Gambling Enterprises</h2><p>While several online gambling enterprises approve Mastercard as a settlement choice, it is vital to pick a reliable and trusted gambling enterprise. Here are some of the leading Mastercard gambling enterprises that provide a risk-free and pleasurable pc gaming experience:</p><ul><li>Gambling establishment 1: A prominent online casino site understood for its broad option of video games, attractive incentives, and protected payment alternatives.</li><li>Gambling enterprise 2: This casino offers a straightforward interface, quick payments, and excellent client support.</li><li>Casino 3: Known for its generous welcome bonuses, this casino site likewise makes sure the safety and security of your deals.</li></ul><h2>Final thought</h2><p>Mastercard online casinos supply players with a practical and protected way to take pleasure in on-line betting. With the prevalent approval of Mastercard, gamers can easily discover credible online casinos that sustain this repayment option. By using Mastercard for down payments and withdrawals, gamers can take pleasure in fast transactions, improved safety and security, and a seamless gaming experience. So, why wait? Choose a relied on Mastercard gambling establishment and begin playing your preferred casino video games today!</p>]]></description><link>https://m.coinsnews.com/mastercard-online-casinos-a-convenient-and-safe-and-secure-method-to-wager-online</link><guid>661240</guid><author>COINS NEWS</author><dc:content /><dc:text>Mastercard Online Casinos: A Convenient and Safe And Secure Method to Wager Online</dc:text></item><item><title>The Ultimate Guide to Online Casino Settlement Techniques</title><description><![CDATA[<p>Online gambling establishments have actually come to be progressively preferred, using convenient access to a vast array of gambling establishment video games and the possibility to win actual cash. Nonetheless, among one of the most crucial facets of on-line betting is choosing a secure and trustworthy payment approach. In this thorough overview, we will certainly explore the different on-line gambling enterprise payment approaches available, their advantages and disadvantages, and exactly how to pick the best option for your demands.</p><h2>1. Credit Report and Debit Cards</h2><p>Credit rating and debit cards are amongst the most commonly approved repayment approaches at on the internet casino sites. They use convenience and ease of usage, permitting players to make instantaneous down payments and withdrawals. Popular card brands such as Visa, Mastercard, and American Express are approved nearly anywhere.</p><p>Advantages:</p><ul><li>Instant down payments and fast withdrawals</li><li>Commonly approved</li><li>Safe transactions with advanced file encryption</li></ul><p>Downsides:</p><ul><li>Some banks may obstruct wagering purchases</li><li>Possible fees for withdrawals</li><li>Not anonymous</li></ul><h2>2. E-Wallets</h2><p>E-Wallets have become increasingly popular as a secure and hassle-free method to make online settlements. These electronic purses allow you to keep your payment information securely and make transactions without exposing your monetary details to the online casino. Some popular e-wallets used in on-line casino sites include PayPal, Neteller, and Skrill.</p><p>Benefits:</p><ul><li>Secure and private deals</li><li>Fast deposits and withdrawals</li><li>Accepted at most on-line gambling establishments</li></ul><p>Drawbacks:</p><ul><li>Some e-wallets charge fees for purchases</li><li>May need added verification procedures</li><li>Not offered in all nations</li></ul><h2>3. Bank Transfers</h2><p>Bank transfers are a traditional technique of paying, and numerous on the internet casino sites approve this option. However, it is important to note that bank transfers can be slower contrasted to other repayment approaches, particularly for withdrawals. Some prominent financial institution transfer alternatives include straight financial institution transfers and cord transfers.</p><p>Advantages:</p><ul><li>Protect transactions with bank-level file encryption</li><li>No requirement for extra accounts or enrollments</li><li>Accepted by most on the internet casino sites</li></ul><p>Downsides:</p><ul><li>Slow handling times for down payments and withdrawals</li><li>Possible costs for transfers</li><li>Needs sharing sensitive financial info</li></ul><h2>4. Cryptocurrencies</h2><p>Cryptocurrencies, such as Bitcoin, have obtained popularity in the online gaming market because <a href="https://anadolucasino.click/" rel="nofollow noopener">Anadolu Casino</a> of their decentralized nature and enhanced security. Several on the internet casino sites now approve cryptocurrencies as a repayment method, supplying instantaneous transactions and boosted privacy.</p><p>Benefits:</p><ul><li>Fast and safe deals</li><li>Improved personal privacy and anonymity</li><li>No fees or reduced transaction charges</li></ul><p>Downsides:</p><ul><li>Volatility in cryptocurrency worth</li><li>Less widely accepted compared to standard payment approaches</li><li>Needs understanding of cryptocurrency usage</li></ul><h2>5. Prepaid Cards</h2><p>Pre paid cards are a popular choice for gamers who favor to regulate <a href="https://leonbetcasino-pt.click/" rel="nofollow noopener">leonbetcasino-pt.click</a> their investing or do not have access to credit cards. These cards can be acquired with a certain quantity packed onto them, permitting you to make on-line gambling enterprise down payments without sharing any personal or monetary details.</p><p>Advantages:</p><ul><li>Confidential and protected deals</li><li>No risk of overspending</li><li>Easily accessible to those without a savings account</li></ul><p>Disadvantages:</p><ul><li>Might not be accepted at all online gambling enterprises</li><li>Restricted reload options</li><li>Feasible costs for card issuance and transactions</li></ul><h3>Verdict</h3><p>When selecting an on the internet gambling enterprise repayment approach, it is essential to think about aspects such as protection, benefit, and availability. Each repayment method has its very own advantages and negative aspects, so it is critical to choose one that matches your choices and needs. Whether you favor the ease of credit cards, the personal privacy of e-wallets, or the safety and security of cryptocurrencies, there is an alternative that will certainly meet your needs. By recognizing the various settlement techniques available, you can make educated decisions and appreciate a risk-free and enjoyable on the internet gambling experience.</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-online-casino-settlement-techniques</link><guid>661241</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Online Casino Settlement Techniques</dc:text></item><item><title>The Ultimate Guide to Genuine Cash Gambling Enterprises</title><description><![CDATA[<p>Invite to the ultimate guide to real cash online casinos! If you&#8217;re aiming to study the exhilarating world of on the internet gaming and win some major cash, you&#8217;ve pertained to the best area. In this detailed short article, we will certainly offer you with all the necessary info you require to know about genuine cash gambling enterprises. From understanding the essentials to discovering the very best platforms and optimizing your possibilities of winning, we have actually <a href="https://sportsbet-io-entrar.top/" rel="nofollow noopener">sportsbet-io-entrar.top</a> got you covered. So, let&#8217;s begin!</p><h2>What are Actual Cash Online Casinos?</h2><p>Genuine cash online casinos are online platforms where players can bet and win actual cash. Unlike free-play online casino games, actual money gambling enterprises need you to transfer cash into your account in order to play. These gambling establishments provide a wide variety of games, consisting of ports, table games, live dealership video games, and more. With real money casinos, the enjoyment of wagering satisfies the thrill of possibly winning large.</p><p>To get started, you&#8217;ll need to register for an account with a respectable actual cash casino site. This includes supplying some individual details, such as your name, e-mail address, and age. When your account is established, you can make a deposit utilizing a safe settlement technique of your choice, such as credit/debit cards, e-wallets, or financial institution transfers. After depositing, you&#8217;ll have actual money to bet on your favorite video games.</p><p>It is necessary to keep in mind that actual cash gambling enterprises undergo rigorous guidelines to ensure justice. Respectable gambling establishments use random number generators (RNGs) to make sure the results of their games are reasonable and unbiased. In addition, they utilize safe encryption technology to shield your individual and monetary details.</p><ul><li><strong>Trick Takeaway:</strong> Real money casino sites are on-line platforms where you can wager with and win real cash money. These online casinos need you to sign up, down payment money, and play games for an opportunity to win large.</li></ul><h2>Discovering the Best Real Money Gambling Enterprises</h2><p>With a myriad of genuine cash gambling establishments available online, finding the best one can appear frustrating. Below are some essential factors to think about when picking a genuine cash gambling enterprise:</p><p><strong>1. Licensing and Regulation:</strong> Search for online casinos that are qualified and regulated by trusted authorities, such as the UK Betting Commission or the Malta Gaming Authority. These regulatory bodies guarantee that the gambling establishment operates relatively and complies with stringent requirements.</p><p><strong>2. Game Option:</strong> An excellent genuine money gambling enterprise ought to offer a variety of video games, consisting of prominent ports, table video games like blackjack and roulette, and live dealer options. Make sure the casino site you select has a varied video game catalog that matches your preferences.</p><p><strong>3. Bonus offers and Promos:</strong> Check for attractive welcome benefits, complimentary rotates, and loyalty programs. These can greatly improve your pc gaming experience and potentially raise your winnings.</p><p><strong>4. Settlement Techniques:</strong> Try to find casinos that use a range of safe and practical settlement options. Whether you choose using credit/debit cards, e-wallets, or bank transfers, see to it the casino sustains your favored approach.</p><p><strong>5. Consumer Support:</strong> A dependable genuine money online casino ought to have a responsive consumer support team available 24/7. Search for online casinos that offer numerous networks of communication, <a href="https://bet7k-brasil.top/" rel="nofollow noopener">Bet7k Cassino</a> such as live conversation, email, and phone assistance.</p><p>By thinking about these factors, you can find an actual cash gambling establishment that meets your demands and offers a risk-free and satisfying betting experience.</p><ul><li><strong>Key Takeaway:</strong> When selecting an actual money gambling establishment, take into consideration aspects such as licensing, game choice, perks, payment techniques, and consumer support. This will help guarantee you find a respectable platform that fits your preferences.</li></ul><h2>Tips for Optimizing Your Chances of Winning</h2><p>While gambling establishment games are primarily based on good luck, there are approaches you can use to raise your possibilities of winning:</p><p><strong>1. Discover the Policies:</strong> Before playing any video game, put in the time to comprehend its regulations, probabilities, and approaches. This will offer you a much better idea of the video game&#8217;s mechanics and boost your decision-making.</p><p><strong>2. Manage Your Bankroll:</strong> Set an allocate your betting tasks and adhere to it. Stay clear of chasing losses and never ever wager with even more cash than you can pay for to shed. By handling your money effectively, you&#8217;ll have a more enjoyable and accountable betting experience.</p><p><strong>3. Take Advantage of Rewards:</strong> Real money casinos typically provide perks and promotions that can improve your bankroll. Make the most of these offers, yet see to it to check out the terms and conditions to recognize any kind of betting demands or limitations.</p><p><strong>4. Exercise Liable Betting:</strong> Gaming ought to be viewed as a type of enjoyment instead of a means to generate income. Set restrictions for your having fun time and losses, and never ever allow betting interfere with your personal or monetary responsibilities.</p><p><strong>5. Play Games with High RTP:</strong> Go Back To Player (RTP) is a portion that suggests the average amount of money a game will go back to players in time. Try to find games with high RTP portions to raise your chances of winning over time.</p><p><strong>6. Attempt Different Gamings:</strong> Don&#8217;t limit on your own to simply one game. Discover various types of games and locate the ones that you delight in and are more successful at. This will keep your betting experience fresh and raise your opportunities of finding games that fit your style of play.</p><p>In recap, while winning at real money gambling establishments is never ensured, these suggestions can aid boost your chances and make your gaming experience a lot more enjoyable and rewarding.</p><ul><li><strong>Secret Takeaway:</strong> Boost your possibilities of winning at real money casinos by learning the guidelines, managing your bankroll, taking advantage of rewards, exercising accountable betting, playing games with high RTP, and trying different games.</li></ul><h2>Conclusion</h2><p>Genuine cash casino sites supply an amazing and possibly rewarding way to experience the thrill of gambling. By selecting a credible platform, understanding the guidelines, and executing wise approaches, you can maximize your possibilities of winning. Bear in mind to always bet responsibly and never surpass your spending plan. Since you&#8217;re equipped with the understanding to browse the world of genuine cash casino sites, it&#8217;s time to begin playing and see if good luck gets on your side!</p><h3>Sources:</h3><p>&#8211; UK Gaming Commission<br />&#8211; Malta Gaming Authority</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-genuine-cash-gambling-enterprises</link><guid>661242</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Genuine Cash Gambling Enterprises</dc:text></item><item><title>Mastercard Casinos: A Complete Overview to Using Mastercard for Online Betting</title><description><![CDATA[<p>Mastercard is among one of the most popular and commonly approved settlement techniques worldwide. It permits customers to make protected and convenient purchases online, consisting of at on-line casino <a href="https://mrbeast-belgium.online/" rel="nofollow noopener">Mr beast</a> sites. In this detailed overview, we will certainly delve into the details of making use of Mastercard at online gambling enterprises, including the benefits, potential drawbacks, and how to find the most effective Mastercard casinos for your gambling requires.</p><h2>Advantages of Using Mastercard at Online Gambling Establishments</h2><p>Using Mastercard at online casino sites uses numerous advantages for players:</p><ul><li><strong>Wide Approval:</strong> Mastercard is accepted at a huge number of on the internet gambling establishments, making it easy for gamers to use their preferred settlement approach.</li><li><strong>Practical and Rapid:</strong> Mastercard transactions are processed swiftly, allowing gamers to fund their casino accounts and start playing their favored video games without delay.</li><li><strong>Protect Purchases:</strong> Mastercard utilizes innovative safety procedures to protect customers&#8217; financial information, giving comfort when making on-line deals.</li><li><strong>Charitable Incentives Programs:</strong> Numerous Mastercard bank card provide rewards programs, permitting gamers to make points or cashback on their casino site deposits.</li></ul><h2>Disadvantages of Using Mastercard at Online Gambling Enterprises</h2><p>While there are countless advantages to utilizing Mastercard at on the internet casinos, there are also a couple of possible downsides to think about:</p><ul><li><strong>Deal Charges:</strong> Some on-line gambling establishments might charge costs for transferring or taking out funds making use of Mastercard.</li><li><strong>Withdrawal Limitations:</strong> Specific on-line gambling establishments might have withdrawal constraints or restrictions when making use of Mastercard as a payment technique.</li><li><strong>Dependence on Bank Approval:</strong> Periodically, players may come across problems if their financial institution decreases a deal due to the online gambling establishment&#8217;s location or various other elements.</li></ul><h2>Just how to Discover the most effective Mastercard Online Casinos</h2><p>When picking an on the internet gambling enterprise that accepts Mastercard, there are several factors to consider:</p><ul><li><strong>Licensing and Law:</strong> Make sure that the on-line gambling establishment is certified and regulated by <a href="https://mrbeast-au.click/" rel="nofollow noopener">Mr beast</a> a credible authority to guarantee fair game and safety.</li><li><strong>Video game Option:</strong> Look for a casino site that offers a variety of games from trustworthy software service providers to ensure a delightful gaming experience.</li><li><strong>Perks and Promotions:</strong> Check for luring perks and promos, including welcome bonus offers, totally free spins, and loyalty programs.</li><li><strong>Client Support:</strong> A reliable online casino must offer receptive and handy client assistance to assist players with any kind of issues that might develop.</li><li><strong>Payment Options:</strong> Besides Mastercard, make sure that the on-line casino sustains a variety of other safe and secure and convenient repayment techniques.</li></ul><h2>Using Mastercard at Online Online Casinos: Step-by-Step Overview</h2><p>To utilize Mastercard for on-line betting, follow these straightforward actions:</p><ol><li>Choose a trusted online casino that approves Mastercard as a payment technique.</li><li>Develop an account and complete the essential enrollment procedure.</li><li>Check out the gambling establishment&#8217;s cashier or banking section and choose Mastercard as your preferred payment technique.</li><li>Enter your Mastercard details, consisting of the card number, expiration date, and CVV code.</li><li>Define the desired down payment amount and validate the purchase.</li><li>When the purchase is accepted, the funds will certainly be promptly credited to your online casino account, enabling you to start playing.</li></ol><h3>Important Factors To Consider When Using Mastercard at Online Gambling Establishments</h3><p>While using Mastercard at on the internet casino sites can be smooth and secure, it&#8217;s vital to maintain a couple of factors to consider in mind:</p><ul><li><strong>Withdrawal Techniques:</strong> Confirm that the on-line casino offers ideal withdrawal techniques compatible with Mastercard to help with cashing out your winnings.</li><li><strong>Payment Safety And Security:</strong> Make sure that you are utilizing a safe and secure web connection and a trusted tool when entering your Mastercard information to protect against possible scams or data breaches.</li><li><strong>Purchase Limitations:</strong> Examine if there are any type of transaction limits enforced by your financial institution or the on the internet casino to stay clear of any kind of unexpected complications.</li></ul><p>With these pointers and factors to consider in mind, you can confidently use Mastercard at online gambling enterprises and take pleasure in a seamless betting experience. Keep in mind to wager responsibly and establish restrictions for your spending to guarantee a secure and satisfying time.</p>]]></description><link>https://m.coinsnews.com/mastercard-casinos-a-complete-overview-to-using-mastercard-for-online-betting</link><guid>661243</guid><author>COINS NEWS</author><dc:content /><dc:text>Mastercard Casinos: A Complete Overview to Using Mastercard for Online Betting</dc:text></item><item><title>Online Betting: The Ultimate Overview</title><description><![CDATA[<p>On the internet gaming has actually ended up being an international sensation, bring in numerous gamers from all around the globe. With the comfort and availability it provides, it&#8217;s no surprise that this sector has experienced incredible development over the last few years. If you&#8217;re brand-new to on the internet gambling or wish to boost your understanding, this extensive guide will give you with all the info you require to begin.</p><h2>The Development of Online Gambling</h2><p>On-line betting has come a lengthy way given that its creation. It all began in the mid-1990s when the first online casino sites and texas hold&#8217;em rooms emerged. These early platforms laid the foundation wherefore would certainly become a multi-billion dollar sector.</p><p>Improvements in innovation, such as the extensive accessibility of high-speed web and the growth of protected online settlement systems, have actually played an essential role in the development of on the internet gaming. Today, gamers can appreciate a wide variety of gambling establishment games, online poker, sporting activities wagering, and extra, all from the comfort of their very own homes.</p><p>On the internet gaming has actually additionally come to be increasingly mobile-friendly, with the increase of smart devices and tablet computers. Mobile betting applications and enhanced websites have made it possible for players to enjoy their favored games on the move, anytime, anywhere.</p><ul><li>On the internet casino sites</li><li>Sports betting</li><li>Online poker</li><li>Bingo</li><li>Lottery</li></ul><p>Online casino sites offer a wide array of video games, consisting of fruit machine, blackjack, roulette, and a lot more. Sports betting permits gamers to wager on their favored sports groups or occasions. Texas hold&#8217;em, both in cash video game and competition formats, has obtained enormous popularity online. Bingo and lottery game video games are also offered, giving players with additional choices for enjoyment.</p><h2>Benefits of Online Gambling</h2><p>There are a number of benefits to wagering online that make it a preferred option for numerous gamers:</p><ul><li>Comfort: Online betting allows you to play from the comfort of your own home, at any time that fits you. There&#8217;s no need to travel to a physical gambling enterprise or stick to their operating hours.</li><li>Wide Selection of Gamings: Online gambling establishments offer a huge range of video games to pick from. Whether you&#8217;re a fan of slots, table video games, or live dealer video games, you&#8217;ll find lots of choices to fit your choices.</li><li>Perks and Incentives: Online betting websites typically offer financially rewarding incentives and benefits to attract and retain players. These can consist of welcome bonus offers, cost-free spins, cashback deals, and commitment programs.</li><li>Personal privacy and Security: Reliable on the internet gambling operators take the safety and security of their players seriously. They make use of industry-standard encryption modern technology to secure individual and monetary details, guaranteeing a safe and safe gaming experience.</li><li>Worldwide Access: Online gambling eliminates geographical obstacles, permitting gamers from various countries to take pleasure in the very same games and betting possibilities. This opens an entire new world of alternatives and experiences.</li></ul><h2>Accountable Gambling</h2><p>While online gaming can be an enjoyable leisure activity, it is very important to approach it responsibly. Below are some ideas to make sure a safe and accountable betting experience:</p><ul><li>Set Limits: Determine just how much money and time you agree to spend on betting and stay with these limitations. Avoid chasing losses and never ever wager with cash you can&#8217;t manage to shed.</li><li>Take Breaks: It&#8217;s essential to take routine breaks from wagering to maintain a healthy equilibrium in your life. Take part in other tasks and leisure activities to stay clear of too much gambling.</li><li>Know the Risks: Understand that gambling carries risks and that there is no surefire way to win. Make notified choices and be prepared to accept losses.</li><li>Seek Assistance: If you really feel that gaming is negatively impacting your life or that you&#8217;re blowing up, do not wait to look for assistance. Lots of companies and helplines supply assistance for problem gamblers.</li></ul><h2>Guideline and Licensing</h2><p>Policy and licensing are essential elements of the on-line gaming industry. They ensure that operators comply <a href="https://1xbet-kgz.click/" rel="nofollow noopener">1xbet</a> with stringent standards and offer a reasonable and clear pc gaming setting for gamers.</p><p>The particular regulations and licensing demands differ from country to country. Some jurisdictions, such as the United Kingdom, have developed extensive structures that regulate on the internet betting activities. These structures include procedures to avoid underage gaming, safeguard players&#8217; funds, and promote accountable gambling practices.</p><p>Before engaging in on-line betting, it&#8217;s vital to validate the licensing and regulative status of the driver. Seek reliable licensing authorities, such as the UK Betting Compensation or the Malta Pc Gaming Authority, as a sign of a trustworthy and trustworthy driver.</p><h3>Finally</h3><p>On the internet gambling has revolutionized the way we play and delight in casino games, texas hold&#8217;em, sporting activities wagering, and more. With its comfort, broad selection of video games, and different benefits, it&#8217;s no surprise that online gambling has actually come to be so preferred. Nevertheless, it is necessary to take part in accountable gambling and select certified drivers to make sure a safe and pleasurable experience. Since you have a <a href="https://1xbat-in.top/" rel="nofollow noopener">1xbet</a> thorough understanding of online gambling, you prepare to discover this interesting globe and have the best gaming experience.</p>]]></description><link>https://m.coinsnews.com/online-betting-the-ultimate-overview</link><guid>661182</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Betting: The Ultimate Overview</dc:text></item><item><title>The Most Effective Casino Gamings: An Overview to Exciting Gambling</title><description><![CDATA[<p>Whether you are a skilled gambler or a curious beginner, gambling enterprise games supply a thrilling experience that incorporates ability, method, and luck. With countless alternatives readily available, it can be overwhelming to select the very best online casino video games to play. This article will certainly assist you with the top online casino video games, giving understandings right into their gameplay, odds, and pointers to optimize your <a href="https://kazino1xbetskachat.top/" rel="nofollow noopener">казино 1xbet скачать</a> chances of winning.</p><h2>Live roulette: The Wheel of Ton of money</h2><p>Roulette is a traditional gambling enterprise video game that has captivated gamers for centuries. The video game focuses on a rotating wheel with numbered pockets and a tiny sphere. Gamers bet on which pocket the round will certainly land in, varying from specific numbers to colors or odd/even. It provides a selection of wagering alternatives, making it ideal for both risk-takers and cautious gamers. With relatively easy policies, live roulette offers thrilling gameplay and enticing probabilities.</p><p>Tip: To boost your chances, think about playing European or French live roulette, as they have a single absolutely no pocket contrasted to the American variation&#8217;s dual absolutely no. This small variant substantially enhances your probabilities.</p><ul><li>Recommended roulette video games: European Roulette, French Roulette, American Live Roulette.</li></ul><h2>Blackjack: Master the Art of 21</h2><p>Blackjack, additionally known as twenty-one, is a popular card game where players aim to beat the dealer by having a hand whose value is better to 21 without exceeding it. The game calls for both ability and approach, as players need to choose based upon their cards and the dealer&#8217;s upcard. Blackjack supplies among the lowest residence sides amongst online casino video games, making it a preferred choice for lots of casino players.</p><p>Suggestion: Research study basic blackjack approach to improve your gameplay. By using optimum relocations based on mathematical estimations, you can substantially enhance your probabilities of winning and decrease losses.</p><h2>Texas Hold&#8217;em: Ability Meets Method</h2><p>Texas hold&#8217;em is a famous casino site game that tests gamers&#8217; skill, technique, and capability to review challengers. From Texas Hold &#8217;em to Omaha and Seven-Card Stud, there are various variants of poker to discover. The goal is to construct the best hand or persuade your challengers to fold, relying on the game rules. Unlike various other gambling establishment games, casino poker involves betting various other players as opposed to your house, adding an amazing competitive element.</p><p>Tip: Grasping the art of casino poker calls for technique and continual understanding. Familiarize yourself with various online poker techniques, hand rankings, and table rules to outsmart your opponents and be successful at the casino poker table.</p><ul><li>Suggested texas hold&#8217;em games: Texas Hold &#8217;em, Omaha Hi-Lo, Seven-Card Stud.</li></ul><h2>Slots: Enjoyment at Your Fingertips</h2><p>Slots are <a href="https://1x-betloginpk.top/" rel="nofollow noopener">1x bet login</a> the epitome of online casino home entertainment, using a variety of motifs, attributes, and enormous pots. These games rely totally on luck, as gamers spin the reels and hope for winning mixes to straighten. With lively graphics, immersive audio results, and thrilling incentive rounds, fruit machine provide an adrenaline-inducing gaming experience that appeals to both laid-back and experienced players.</p><p>Pointer: When playing one-armed bandit, consider the volatility of the video game. Reduced volatility slots supply regular however smaller success, while high volatility slots supply higher payouts but less frequent wins. Choose the volatility level that straightens with your gaming choices.</p><ul><li>Suggested fruit machine: Huge Moolah, Starburst, Gonzo&#8217;s Mission.</li></ul><h2>Baccarat: A Game of Elegance</h2><p>Baccarat is an advanced gambling establishment video game that has actually long been related to high-stakes gamblers and James Bond. Players bet on whether the lender&#8217;s hand, the player&#8217;s hand, or both will certainly accomplish a total closest to 9. The video game requires minimal decision-making, as the guidelines identify when additional cards are dealt. Baccarat offers straightforward gameplay and beneficial odds, making it an excellent choice for beginners.</p><h3>Conclusion</h3><p>As you venture into the world of online casino games, these top options give diverse alternatives to match various choices and ability levels. Keep in mind to wager properly, established a spending plan, and focus on amusement over winning. Whether you prefer the suspense of roulette, the strategy of blackjack, the competition of poker, the enjoyment of slot machines, or the beauty of baccarat, these ideal casino site games make certain to give hours of thrilling home entertainment.</p>]]></description><link>https://m.coinsnews.com/the-most-effective-casino-gamings-an-overview-to-exciting-gambling</link><guid>661183</guid><author>COINS NEWS</author><dc:content /><dc:text>The Most Effective Casino Gamings: An Overview to Exciting Gambling</dc:text></item><item><title>Online Online Casinos Approve PayPal: A Convenient and Secure Option for Casino Players</title><description><![CDATA[<p>When it comes to on-line betting, gamers are always looking for trustworthy and <a href="https://1xbetcomlogin-br.click/" rel="nofollow noopener">1xbet.com login</a> practical settlement techniques. One such alternative that has actually obtained immense popularity in recent years is PayPal. As a trusted and reputable online repayment system, PayPal uses a safe and convenient means for players to down payment and withdraw funds from on-line casino sites. In this short article, we will certainly check out the advantages of utilizing PayPal at on the internet gambling enterprises and provide you with a thorough guide on just how to get started.</p><h2>Why Pick Online Online Casinos that Approve PayPal?</h2><p>There are several compelling reasons why gamers choose online casinos that accept PayPal over various other repayment options:</p><p><strong>1. Security:</strong> PayPal is renowned for its high degree of security. By utilizing advanced encryption modern technology and fraudulence detection devices, PayPal ensures that your personal and financial info is protected.</p><p><strong>2. Ease:</strong> With PayPal, you can link your charge card, debit card, or checking account to your PayPal account, making it simple to handle your funds. You don&#8217;t have to share your card or financial institution information straight with the on the internet gambling establishment, minimizing the risk of unauthorized transactions.</p><p><strong>3. Speed:</strong> Down payments and withdrawals with PayPal are usually processed instantly, allowing you to begin playing your favored gambling establishment games immediately. In addition, PayPal supplies a mobile application, allowing you to make deals on the move.</p><p><strong>4. Credibility:</strong> PayPal has actually remained in the industry for over two decades and <a href="https://1xbet-al.click/" rel="nofollow noopener">1xbet</a> has constructed a strong credibility for its integrity and customer-centric technique. Gambling enterprises that accept PayPal are often perceived as trustworthy and credible.</p><p><strong>5. Buyer Protection:</strong> PayPal uses customer security, suggesting that if there is a dispute with a purchase, PayPal will certainly investigate and aid fix the concern. This provides an included layer of protection and satisfaction for gamers.</p><ul><li>Now that you comprehend the advantages of making use of PayPal at online gambling establishments, allow&#8217;s discover just how to get started:</li></ul><h2>How to Set Up a PayPal Account</h2><p>Establishing a PayPal account is quick and simple. Adhere to these basic actions:</p><ol><li>Go to the PayPal web site and click on the &#8220;Subscribe&#8221; button.</li><li>Select the account type you desire (Individual or Service), and click &#8220;Next.&#8221;</li><li>Fill out the required details, including your e-mail address, password, and individual information.</li><li>Connect your favored repayment technique to your PayPal account. You can choose to link a credit card, debit card, or checking account.</li><li>Verify your email address by adhering to the directions sent to your inbox.</li><li>Your PayPal account is currently set up and all set to utilize.</li></ol><h2>How to Down Payment and Withdraw Funds Utilizing PayPal</h2><p>As soon as you have a confirmed PayPal account, you can easily deposit and take out funds from online gambling establishments that approve PayPal. Here&#8217;s exactly how:</p><ol><li>Check in to your online casino account and browse to the cashier or repayment section.</li><li>Select PayPal as your recommended repayment technique.</li><li>Get in the quantity you want to deposit or withdraw.</li><li>You will certainly be rerouted to the PayPal website to visit and accredit the purchase.</li><li>Validate the transaction details and complete the repayment.</li><li>Your funds will certainly be instantly credited to your casino site account for deposits or transferred back to your PayPal make up withdrawals.</li></ol><h2>Top Online Online Casinos that Accept PayPal</h2><p>If you&#8217;re ready to start playing at online gambling establishments that accept PayPal, here are some respectable options to take into consideration:</p><ul><li><strong>Casino A:</strong> Known for its comprehensive video game selection and charitable bonus offers, Gambling enterprise An uses a seamless PayPal down payment and withdrawal experience.</li><li><strong>Casino B:</strong> With its smooth style and user-friendly user interface, Online casino B offers a superior gambling experience that is improved by its PayPal integration.</li><li><strong>Casino C:</strong> Casino site C stands apart for its superb client assistance and quick PayPal withdrawals, enabling you to enjoy your jackpots right away.</li><li><strong>Gambling enterprise D:</strong> Supplying a variety of casino site video games and amazing promos, Casino site D guarantees safe PayPal deals and a fair video gaming setting.</li></ul><h3>Final thought</h3><p>With its unbeatable safety, benefit, and prevalent approval, PayPal has become a recommended payment technique for on the internet gambling establishment players. By choosing online casinos that accept PayPal, gamers can enjoy a smooth betting experience without worrying about the safety and security of their funds. So, if you&#8217;re looking for a dependable and hassle-free way to fund your on the internet gambling enterprise account, consider using PayPal as your settlement method of option.</p><p>Bear in mind, always bet sensibly and just play with funds that you can manage to shed.</p>]]></description><link>https://m.coinsnews.com/online-online-casinos-approve-paypal-a-convenient-and-secure-option-for-casino-players</link><guid>661184</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Online Casinos Approve PayPal: A Convenient and Secure Option for Casino Players</dc:text></item><item><title>No Deposit Incentive Gambling Establishments: An Overview to Free Gaming</title><description><![CDATA[<p>When it comes to on the internet gambling enterprises, one of one of the most eye-catching features for players is the schedule of benefits. These incentives can be found in numerous forms, yet one specific kind attracts attention&#8211; the no down payment perk. This write-up intends to offer an extensive overview to no down payment incentive casino sites, offering a helpful summary and insights into this popular promotion.</p><p>No down payment bonus offer gambling establishments are on the internet gaming systems that supply players the possibility to play video games and win real cash without needing to make an initial deposit. This kind of incentive is extremely demanded by both new and knowledgeable players as it provides a risk-free possibility to explore the gambling establishment and potentially make some payouts.</p><h2>How do No Down Payment Rewards Function?</h2><p>No down payment incentives normally are available in 2 forms&#8211; complimentary spins and complimentary money. Free rotates are an established number of rotates on particular port video games, while complimentary cash money allows gamers to make use of a particular quantity of cash to play numerous gambling establishment video games, such as ports, table video games, and even live dealer video games.</p><p>These rewards are typically provided to brand-new players upon registering for an account at a no deposit bonus offer gambling enterprise. The process usually includes producing an account and going into a reward code, if called for, to trigger the reward. When turned on, players can begin making use of the reward to play games and possibly win actual cash.</p><p>It is necessary to note that no down payment incentives commonly feature specific terms. These terms may include betting requirements, maximum withdrawal limitations, and game constraints. Players are advised to thoroughly read through the terms and conditions prior to claiming a no down payment bonus to fully comprehend the demands and restrictions associated with it.</p><ul><li>Wagering demands: This describes the number of times gamers have to wager the perk quantity prior to they can withdraw any type of profits.</li><li>Maximum withdrawal limits: These limitations suggest the optimum amount gamers can take out from their jackpots derived from the no down payment incentive.</li><li>Game restrictions: Some no deposit incentives may only be qualified for specific games or video game classifications. For instance, cost-free rotates may just stand on specific port video games.</li></ul><p>By acquainting themselves with these terms, players can make informed decisions and optimize their opportunities of efficiently meeting the demands to withdraw their winnings.</p><h2>Advantages of No Deposit Incentive Gambling Enterprises</h2><p>No down payment bonus offer casinos use a variety of advantages for gamers. Let&#8217;s have a look at some of the vital advantages:</p><ul><li><strong>Safe opportunity:</strong> No down payment rewards provide players with a safe possibility to try a casino and its games without needing to risk their own money. This enables players to check out the system, test different video games, and identify if it fulfills their assumptions.</li><li><strong>Prospective for real winnings:</strong> Despite not calling for an initial down payment, no down payment benefits still use the possibility to win actual cash. This implies that gamers have the possibility to make some earnings without any financial investment.</li><li><strong>Increase self-confidence:</strong> For new players, the possibility of gambling can be daunting. No down payment bonus offers can <a href="https://1xbet-cy.click/" rel="nofollow noopener">1xbet</a> aid increase their confidence by allowing them to play without the fear of losing cash. This permits novices to acquaint themselves with the video games, guidelines, and general casino experience before determining to make a deposit.</li></ul><h2>Tips for Optimizing No Down Payment Bonuses</h2><p>While no deposit perks supply an outstanding opportunity for players, it&#8217;s vital to approach them strategically. Here are some tips to aid make the most of the benefits of no down payment incentives:</p><ul><li><strong>Read the terms and conditions:</strong> As mentioned earlier, comprehending the terms related to a no down payment bonus is crucial. By acquainting yourself with the demands, you can plan your gameplay appropriately and raise your possibilities of fulfilling the essential standards for withdrawal.</li><li><strong>Select video games intelligently:</strong> If the no deposit bonus offer allows you to play various video games, think about selecting video games with higher RTP (Go back to Player) percentages. This boosts your probabilities of making payouts and meeting the wagering requirements quicker.</li><li><strong>Watch on schedule limitations:</strong> Some no deposit perks might feature time limitations, needing you to utilize the bonus within a specified period. Be sure to monitor these limitations to take advantage of the reward.</li><li><strong>Keep updated with promotions:</strong> No deposit perk casino sites frequently have ongoing promos and deals. By remaining updated with these promos, you can make the most of added benefits and rewards, improving your total gaming experience.</li></ul><h2>In Recap</h2><p>No down payment bonus casinos give an exciting opportunity for gamers to take part in on-line gaming without the demand for a preliminary deposit. These perks supply a safe chance to experiment with different online casino games, discover platforms, and potentially win genuine cash. By comprehending the terms, gamers can make the most of no down payment rewards and increase their possibilities of withdrawing their winnings. Remember to approach these perks strategically and watch <a href="https://1xbet-georgia.top/" rel="nofollow noopener">1xbet</a> out for recurring promos to enhance your general betting experience.</p>]]></description><link>https://m.coinsnews.com/no-deposit-incentive-gambling-establishments-an-overview-to-free-gaming</link><guid>661185</guid><author>COINS NEWS</author><dc:content /><dc:text>No Deposit Incentive Gambling Establishments: An Overview to Free Gaming</dc:text></item><item><title>Free Online Casino Free Spots</title><description><![CDATA[<p>Casino games online that you can play for free are the best. The good news is that there are tons of <a href="https://1xbetcasinomng.click/" rel="nofollow noopener">1x bet casino</a> these games available right here on line for you to enjoy. You will also find the top casino websites online with the most lucrative promotions. There are many reasons to play free casino games.<span id="more-583979"></span> It allows you to master the basics of gambling without leaving your home. This way , you can learn the basics of playing a casino game without the need to risk any of your own funds.</p></p><p>There are two kinds of casino free bonus I&#8217;ve listed here. The first is one of the top online casinos that allow you to play for no cost the most often. Highly recommended by the top slot players such as myself. They offer excellent customer service and quick payouts.</p></p><p>The second kind of casino bonus online is to play for money at some of the lesser casino bonuses online. These are usually given out often, and are offered to players in increments. The player who gets an initial deposit of ten dollars gets double <a href="https://1xbetmobile-kz.top/" rel="nofollow noopener">1xbet mobile</a> that on subsequent deposits. The initial deposit could be a one-time monthly bonus or a promo code for a discount. Whatever the situation, receiving this money will enhance the enjoyment of playing slots for fun.</p></p><p>There are many casino online bonuses you can select from. One of these is table games such as slot machines. Slot machines are excellent table games since they are incredibly simple to understand and to play. They are well-known because of their simplicity and the possibility of winning.</p></p><p>It is not obvious that free casino spins are actually more profitable than real-money slots in US casinos. In other words casino free spins can be as effective as real money slots provided you are able to play them right. The problem is that many players aren&#8217;t aware they can play slot machines for fun without investing any money in them. It&#8217;s not about winning big but having fun.</p></p><p>In the previous example you could play twenty-five slot machines for free and then win the jackpot on one of the gambling online sites. This would mean that you&#8217;ve made four times the initial investment. This is certainly better than the current that you only make one return with each turn of the wheel. I&#8217;m sure you&#8217;ve got the point. That&#8217;s why casino bonuses of all kinds are so essential to online gambling.</p></p><p>You will also find that many casinos online offer a deposit bonus when you play your slots. You must make sure you read the fine print before signing up for casinos that offer deposit bonus. Some casinos will only give a deposit bonus to people who have pre-purchased their slots. Others give a bonus based upon your winnings; obviously this is an incentive to play more, as well.</p></p><p>So, as you see, you can indeed enjoy yourself and earn decent money by playing slot machines online. Why risk real money when you could do it for free? This is one of the reasons why casino bonus signups have become very well-known. Before you hit the submit button, ensure that you read the complete description. This way you&#8217;ll be able to start playing slot machines immediately and start making some real money!</p>]]></description><link>https://m.coinsnews.com/free-online-casino-free-spots</link><guid>661186</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Online Casino Free Spots</dc:text></item><item><title>Free Online Casino Games</title><description><![CDATA[<p>Online gambling is a great opportunity to have fun and earn money. The slot game is exciting and one of the most popular casino games to enjoy to pass the time. The game of slots involves spinning the reels, guessing numbers, combination, and ultimately luck. In this manner, it&#8217;s recommended to gamble on a website that allows players to play online<span id="more-583977"></span> for free slots.</p></p><p>Online casinos provide a variety of casino games. They are accessible online to play free. You can select from a variety of games on these websites, so you can find the best games online for free. Video poker and online baccarat are some of the most played games that are free. These online free games are a great way to increase your knowledge and experience online casino gambling.</p></p><p>You can play free online casino games on numerous websites. Online, you can get an entire list of top casinos that allow you play for fun without registration. These casinos provide a wonderful gaming experience, as well as the most lucrative deals and promotions. Many of these casinos provide games like online blackjack as well as online roulette as well as online baccarat, card games, slots and many more. The best thing about these casinos is that you get to enjoy a great gambling experience without risk.</p></p><p>It is important to read the websites thoroughly before you choose to play online casino games. This will allow you to play on the top gaming sites online. It is important to learn about the website prior to starting. Review the reviews and determine whether there are any problems. This will inform you whether the website is reliable and bad.</p></p><p>You can enhance your gaming skills, when you know how to play online slot machines. If you are familiar with the game and the strategies to win, you can increase your bankroll. There are numerous websites which offer slot machine games. You can select the best site for you among the casinos offering no-cost slot machines and games. This will allow you to have fun playing these games, and get the most enjoyment out of your time.</p></p><p>Casino game play requires an encapsulation of strategy along with luck, as <a href="https://apuestas-online.top/" rel="nofollow noopener">Apuestas online</a> well as a certain amount of. If you wish to win real money, you should ensure that you&#8217;ve learned the techniques to play these games. Many online casinos provide free slots. They typically have different jackpots or bonuses that could assist you in winning real money. Reviews and guides will help you locate the top casinos online that offer the best bonuses for slots.</p></p><p>Find a site where you can play for free. You can even use the bonus rounds to boost the chances of winning. Casino games for free are often offered by casinos to help promote their site or for promotional reasons. Before you decide <a href="https://swiss-sportwetten-ch.top/" rel="nofollow noopener">Swiss sportwetten</a> to play free casino games online, make sure that you read the terms and conditions. Once you have found a reliable site, you are able to begin playing.</p></p><p>When you are choosing a casino to play online slot machines, there are things you need to know. Many casinos offer you a bonus when you play a certain number of spins. If you place your bets at the right time, this will help increase your bankroll. You should read the bonus information prior to selecting a site if you are looking to learn more about this type of gambling. Avoid gambling at casinos that don&#8217;t provide bonus rounds. You&#8217;ll be in a disadvantage if you gamble on these websites.</p>]]></description><link>https://m.coinsnews.com/free-online-casino-games</link><guid>661003</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Online Casino Games</dc:text></item><item><title>Just how to Detox from Alcohol at Home: A Comprehensive Guide</title><description><![CDATA[<p>Alcohol detoxing, typically called detoxification, is the process of removing alcohol from the body. While it is generally recommended to undergo detoxification under medical guidance, <a href="https://cholestoff.top/" rel="nofollow noopener">cholestoff plus nasıl kullanılır</a> some individuals choose to detox from alcohol at home. If you or a loved one is taking into consideration home detoxification, it is essential to understand the process, potential threats, and essential safety measures to ensure a risk-free and effective detoxification. This article aims to give you with an extensive guide on how to detox from alcohol at home.</p><h2>The Value of Alcohol Cleansing</h2><p>Alcohol dependence or dependency can have severe physical and emotional results on individuals. Detoxification is the initial step in the journey towards recovery and soberness. By detoxing from alcohol, you allow your body to rid itself of the toxins while preparing yourself for a life free from alcohol dependence. Furthermore, detoxing can help reduce the potential discomfort and withdrawal signs and symptoms that might happen when ceasing alcohol consumption.</p><p>It is essential to keep in mind that detox alone is not adequate for long-term healing. It ought to be adhered to by an extensive treatment program that deals with the underlying <a href="https://glucozero.top/" rel="nofollow noopener">gluco zero bangladesh</a> sources of alcohol addiction and gives the necessary assistance for lasting sobriety.</p><h2>Planning For Alcohol Detox in the house</h2><p>Prior to beginning an alcohol detox in the house, it is vital to make required preparations to make sure a secure and encouraging setting. Here are some vital steps to take into consideration:</p><ul><li><strong>Inform Yourself:</strong> Learn about the detox procedure and comprehend the prospective risks and signs and symptoms of alcohol withdrawal. This will certainly help you prepare mentally and psychologically of what to expect throughout detoxification.</li><li><strong>Seek Medical Guidance:</strong> Talk to a healthcare expert or addiction expert to establish whether home detoxification is an appropriate alternative for you. They can assess your health and wellness condition and offer guidance on how to proceed safely.</li><li><strong>Notify Enjoyed Ones:</strong> Educate your friends or family members about your decision to detoxification in your home. Their assistance and understanding can considerably add to a successful detoxing process.</li><li><strong>Develop a Helpful Environment:</strong> Remove any alcohol or triggers from your home and develop a calmness and peaceful environment that advertises recovery and recovery. Stock up on healthy and balanced foods, organic teas, and various other non-alcoholic beverages.</li><li><strong>Develop an Assistance Network:</strong> Get in touch with support groups, specialists, or helplines that can offer guidance and support throughout the detoxification procedure. Having a support network in place can be vital during challenging moments.</li></ul><h2>The Alcohol Detoxification Refine</h2><p>The period and severity of alcohol detoxing can vary depending upon a number of variables, including the amount and duration of alcohol intake, general wellness problem, and specific differences. Below is a general overview of the alcohol detoxification procedure:</p><ul><li><strong>1. Analysis:</strong> It is vital to examine your general wellness condition, consisting of any type of underlying clinical or psychological health and wellness issues that might influence the detox process. This evaluation can help identify the ideal level of care and assistance called for.</li><li><strong>2. Withdrawal Symptoms:</strong> As alcohol is removed from your system, you might experience a variety of withdrawal signs. These can include anxiety, irritability, nausea, sleeping disorders, tremors, and even seizures. The intensity and period of these symptoms can vary from one person to another.</li><li><strong>3. Clinical Tracking:</strong> Although detoxing in the house, it is crucial to have clinical guidance if you have a background of extreme alcohol withdrawal symptoms or underlying health problems. A healthcare specialist can check your progression and intervene if needed.</li><li><strong>4. Hydration and Nourishment:</strong> Focus on remaining well-hydrated by consuming alcohol a lot of water and consuming nutritious dishes. Alcohol abuse can diminish your body of necessary nutrients, so it is very important to replenish them throughout the detox process.</li><li><strong>5. Rest and Self-Care:</strong> Detox can take a toll on your body and mind. Prioritize remainder and take part in self-care activities such as gentle workouts, reflection, or taking soothing bathrooms to help alleviate withdrawal signs and advertise overall well-being.</li><li><strong>6. Gradual Development:</strong> As your body adjusts to a life without alcohol, you will slowly begin feeling better. The intensity of withdrawal signs and symptoms will certainly decrease, and you will start to experience a renewed feeling of power and quality.</li></ul><h2>Cautionary Factors to consider</h2><p>While detoxing from alcohol in your home can be a practical option for some people, it is necessary to work out caution and know prospective risks. Right here are some essential considerations:</p><ul><li><strong>1. Severe Withdrawal Signs:</strong> If you have a background of extreme withdrawal signs or underlying wellness problems, detoxing in your home may not be safe. It is vital to seek advice from a doctor to determine the most ideal setup for your detox process.</li><li><strong>2. Delirium Tremens (DTs):</strong> DTs is an extreme form of alcohol withdrawal that can be serious. Symptoms may consist of hallucinations, seizures, and serious confusion. If you experience these signs or suspicious somebody else might be, look for instant medical focus.</li><li><strong>3. Support and Responsibility:</strong> Detoxing in your home can be challenging without a strong support system in place. Ensure you have good friends, family members, or support system readily available to supply help and hold you responsible during the detox process.</li><li><strong>4. Fall back Avoidance:</strong> Detoxification alone is not a treatment for alcoholism. It is essential to have an extensive aftercare plan in place to deal with the underlying causes of dependency and avoid relapse. Take into consideration looking for specialist treatment or therapy to support your lasting healing objectives.</li></ul><h3>Final thought</h3><p>Detoxing from alcohol in your home can be a practical alternative for people that have an assistance network and possess a detailed understanding of the process. However, it is necessary to acknowledge the prospective risks involved and exercise care. Looking for medical advice and ensuring a helpful atmosphere can add to a secure and successful alcohol detoxing. Remember, detox is just the initial step on your path to recovery, and it needs to be complied with by comprehensive treatment and recurring assistance for lasting sobriety.</p>]]></description><link>https://m.coinsnews.com/just-how-to-detox-from-alcohol-at-home-a-comprehensive-guide</link><guid>661004</guid><author>COINS NEWS</author><dc:content /><dc:text>Just how to Detox from Alcohol at Home: A Comprehensive Guide</dc:text></item><item><title>Just how to Detoxification Your Blood in 24 hr</title><description><![CDATA[<p>Purifying your blood can have countless health benefits, from boosting your overall well-being to increasing your immune system. While the body <a href="https://oculax.top/" rel="nofollow noopener">oculax</a> has its all-natural cleansing processes, there are specific steps you can take to help these processes as well as boost the cleaning of your blood. In this article, we will check out effective methods to detox your blood within 1 day, offering you with a clean slate towards a healthier way of living.</p><h2>Not eating</h2><p>Among the most reliable methods to detox your blood is via fasting. By abstaining from strong food for a marked time period, you permit your body to focus on getting rid of contaminants. Throughout fasting, your body switches to shedding saved fat for power, which might aid in removing hazardous compounds from your bloodstream.</p><p>It is important to seek advice from a healthcare specialist prior to attempting any kind of fasting approach, as it might not appropriate for everybody. Additionally, it is critical to remain hydrated throughout this time around by eating a lot of water as well as natural teas.</p><ul><li><strong>Juice Fasting:</strong> Consuming just freshly squeezed juices from fruits and vegetables can give necessary vitamins and minerals while giving your digestion system a break.</li><li><strong>Water Fasting:</strong> This includes eating just water for a specific duration. It is vital to beware and look for support to stay clear of dehydration as well as various other potential complications.</li></ul><h2>Hydration</h2><p>Correct hydration is vital to detoxing your blood and maintaining general health and wellness. Water aids clear out toxic substances as well as waste items from your body, including your blood stream. Goal to consume alcohol a minimum of 8 glasses of water throughout the day to sustain your body&#8217;s all-natural detoxing procedures.</p><p>Along with water, you can integrate herbal teas and also purifying drinks right into your <a href="https://depantengel.online/" rel="nofollow noopener">depanten unguent</a> regimen. Environment-friendly tea, dandelion tea, as well as cranberry juice are understood for their detoxifying properties. Avoid sugary beverages and drinks including artificial ingredients, as they might prevent your detoxification process.</p><h2>Dietary Modifications</h2><p>What you consume plays a substantial role in detoxing your blood. 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Participating in exercise stimulates blood circulation, enabling contaminants to be lugged away from your body organs and muscles.</p><p>Think about including cardio workouts, such as brisk strolling, running, or biking, right into your day-to-day routine. Furthermore, tasks that advertise sweating, such as saunas or warm yoga exercise, can be advantageous for removing toxic substances with the skin.</p><h3>The Importance of Sleep</h3><p>Appropriate rest is essential for your body&#8217;s general detoxing procedure. During sleep, your body repairs as well as regenerates cells, promoting reliable blood cleansing.</p><p>Guarantee you obtain 7-8 hours of continuous sleep each evening. Establish a going to bed routine that includes relaxation methods, such as checking out a publication or taking a cozy bathroom, to advertise a relaxed rest.</p><p>By adhering to these guidelines, you can support your body&#8217;s all-natural detoxing processes and also assist clean your blood within 24 hr. Bear in mind to speak with a healthcare professional before making any kind of considerable adjustments to your diet regimen or lifestyle, especially if you have underlying medical conditions or are taking drugs.</p>]]></description><link>https://m.coinsnews.com/just-how-to-detoxification-your-blood-in-24-hr</link><guid>661005</guid><author>COINS NEWS</author><dc:content /><dc:text>Just how to Detoxification Your Blood in 24 hr</dc:text></item><item><title>Free Online Blackjack: Master the Video Game and Bet Enjoyable</title><description><![CDATA[<p>Blackjack is one of one of the most popular gambling enterprise games worldwide, and its on-line version has gotten tremendous popularity in recent years. With the innovation of modern technology, players can currently delight in the adventure of playing blackjack without also leaving their homes. Free on-line blackjack provides an exceptional chance for both newbies and experienced players to boost their abilities and enjoy with no economic threat. In this write-up, we will certainly check out the globe of free on the internet blackjack and give you with all the required details to grasp the video game and enjoy it to the maximum.</p><h2>The Basics of Blackjack</h2><p>Before diving into the globe of cost-free online blackjack, allow&#8217;s begin with the fundamentals of the game. Blackjack, likewise referred to as twenty-one, is a card game played between a player and a dealer. The goal of the game is to defeat the supplier by getting a hand value as close to 21 as possible without surpassing it. Each card in the deck has a certain worth: phoned number cards deserve their stated value, face cards (King, Queen, and Jack) deserve 10, and the Ace can be worth 1 or 11, depending on the player&#8217;s choice.</p><p>At the start of the game, both the gamer and the dealer get 2 cards. The gamer&#8217;s cards are usually dealt face-up, while one of the dealer&#8217;s cards remains face-down. The gamer then has a number of options to select from: hit, stand, double down, split, or surrender. The choice depends on the gamer&#8217;s current hand and the dealer&#8217;s up-card.</p><p>The game continues with the player making decisions until they either stand (refuse any kind of additional cards) or go beyond 21, resulting in a bust. After the player finishes their turn, the supplier exposes their face-down card and follows a set of specific guidelines to decide whether to strike or stand. The dealer should attract cards up until their hand value reaches a minimum of 17 or even more. 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You can practice and learn the game without any financial pressure.</li><li><strong>Benefit:</strong> Playing blackjack online offers you the adaptability to enjoy the video game whenever and anywhere you desire. You can play from the comfort of your home, on your commute, and even during your lunch break.</li><li><strong>Practice and Method Growth:</strong> Free online blackjack supplies the excellent platform to practice your abilities and develop winning methods. You can trying out various methods, test new betting systems, and adjust your gameplay with no consequences.</li><li><strong>Range of Video Game Versions:</strong> Online online casinos usually use a large range of blackjack variations, offering you the chance to explore different video game regulations and characteristics. This permits you to expand your knowledge and experience different playing designs.</li><li><strong>Interactive User Experience:</strong> Free on-line blackjack features appealing graphics, practical audio results, and user-friendly interfaces, boosting your general video gaming experience.</li></ul><p>On the whole, playing free online blackjack functions as a valuable tool to boost your abilities, have a good time, and enhance your understanding of the video game. Whether you&#8217;re a beginner or a seasoned player, benefit from this possibility and develop your blackjack capacities.</p><h2>Selecting a Reputable Online Casino</h2><p>When it pertains to playing complimentary online blackjack, it&#8217;s vital to choose a reputable and credible on-line gambling establishment. Here are a few variables to consider prior to signing up and playing:</p><ul><li><strong>Licensing and Regulation:</strong> Guarantee that the on the internet casino site is certified and regulated by a reliable authority. This makes certain reasonable gameplay and secures your rights as a player.</li><li><strong>User Evaluations and Track Record:</strong> Do some study and read customer reviews to evaluate the casino site&#8217;s reputation. Search for favorable comments regarding their protection procedures, client assistance, and total gaming experience.</li><li><strong>Video game Choice:</strong> Check if the on the internet gambling establishment offers a variety of blackjack games to match your choices. Having numerous game alternatives enables you to explore different variants and find the one that fits you best.</li><li><strong>Software program Providers:</strong> Think about the software carriers that power the on-line gambling enterprise&#8217;s games. Trusted companies make sure fair and random end results, contributing to a more satisfying video gaming experience.</li><li><strong>Bonuses and Promotions:</strong> Look for on the internet casinos that use eye-catching perks and promotions for both new and existing players. These can boost your gameplay and supply added value.</li><li><strong>Payment Techniques:</strong> Inspect if the on the internet gambling establishment supports safe and hassle-free settlement approaches for both down payments and withdrawals. This ensures a seamless video gaming experience and peace of mind when it involves your financial deals.</li></ul><p>By taking into consideration these aspects, you can choose a dependable online gambling establishment that gives the most effective free online blackjack experience.</p><h2>Tips for Success in Free Online Blackjack</h2><p>While playing complimentary online blackjack does not need any type of financial threat, it&#8217;s still vital to come close to the game strategically. Right here are some ideas to boost your chances of success:</p><ul><li><strong>Understand the Policies:</strong> Familiarize yourself with the details guidelines of the blackjack variation you&#8217;re playing. Each video game might have slight differences, and recognizing the guidelines will certainly help you make better choices.</li><li><strong>Practice Basic Technique:</strong> Find out and practice the standard blackjack approach, which is based on mathematical likelihoods. This strategy overviews your decisions on when to hit, stand, double down, split, or abandonment, maximizing your possibilities of winning in the long run.</li><li><strong>Manage Your Bankroll:</strong> Establish an allocate your gameplay and stick to it. Prevent chasing losses or betting more than you can pay for. Accountable money administration is important for a sustainable and pleasurable video gaming experience.</li><li><strong>Take Advantage of Free Resources:</strong> Utilize the vast array of cost-free sources offered online, such as approach charts, tutorials, and blackjack simulators. These devices can aid you improve your skills and strengthen your understanding of the video game.</li><li><strong>Observe and Discover:</strong> Seize the day to <a href="https://ca.europalace.com/?s=bfp24178&amp;a=bfpadid182159" rel="nofollow noopener">euro palace casino</a> observe various other players and their strategies when playing totally free online blackjack. Gain from their successes and blunders, and include those insights into your own gameplay.</li><li><strong>Practice Patience:</strong> Blackjack is a video game of skill and method, and success does not always come instantaneously. Stay patient, persist, and remain to fine-tune your gameplay for long-lasting success.</li></ul><h3>Verdict</h3><p>Free online blackjack supplies an exciting and safe method to delight in among the most popular casino site video games. Whether you&#8217;re a novice looking to discover the ropes or a knowledgeable player seeking to refine your abilities, cost-free online blackjack uses numerous benefits. Benefit from the convenience, range, and interactive individual experience it offers while developing your method and enjoying. Bear in mind to select a dependable online casino and strategy the video game strategically for the best feasible outcomes. So why wait? Start playing free online blackjack today and embark on a thrilling journey!</p>]]></description><link>https://m.coinsnews.com/free-online-blackjack-master-the-video-game-and-bet-enjoyable</link><guid>659995</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Online Blackjack: Master the Video Game and Bet Enjoyable</dc:text></item><item><title>Tips For Purchasing Custom Essays and More</title><description><![CDATA[</p><p>If you are asked to fill in a questionnaire or a questionnaire via an employer, then you can compose your article online. The internet has made it quite easy for most people to find information they need easily and quickly. Now, your only job is to finish the job given to you. As long as you have all of the info needed, then you ought to be<span id="more-583964"></span> able to compose a professional, well-written informative article online! 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So kick back, relax, and get ready to spin the digital wheel!</p><h2>Recognizing the Basics of Roulette</h2><p>Before diving right into the world of complimentary online roulette, it&#8217;s necessary to recognize the essentials of the game. Live roulette is an online casino game in which gamers place bank on where they believe a ball will arrive on a spinning wheel. The wheel consists of phoned number pockets, varying from 0 to 36 (or 00 in some variants), which are colored <a href="https://starbuck88.click/" rel="nofollow noopener">starbucks 88 online</a> either black or red.</p><p>The objective of the video game is to properly predict the end result of the spin by putting your bank on the equivalent numbers or teams of numbers. 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Below are some of the most popular variations you can locate:</p><ul><li><strong>American Roulette:</strong> This variant has an added dual no (00) pocket on the wheel, increasing your home side and using even more betting alternatives.</li><li><strong>European Live roulette:</strong> The most common variation, featuring a solitary absolutely no (0) pocket, which lowers your home edge compared to American Live roulette.</li><li><strong>French Live Roulette:</strong> Comparable to European Live Roulette, but with added wagering choices and the &#8220;La Partage&#8221; guideline, which returns half of the stake if the ball come down on absolutely no.</li><li><strong>Mini Live roulette:</strong> A scaled-down version of the game, had fun with only 13 numbers and a simplified wagering design.</li><li><strong>Multi-Wheel Live roulette:</strong> This variant enables you to place bets on numerous wheels all at once, enhancing the enjoyment and potential profits.</li></ul><p>These are just a few instances of the lots of roulette variations offered online. Each variant provides an one-of-a-kind experience and a little various odds, so feel free to check out and locate the one that fits your choices.</p><h2>Developing Your Roulette Strategy</h2><p>Since you are familiar with the different variants of totally free online roulette, it&#8217;s time to review strategies. While live roulette is largely a lottery, many gamers believe that particular methods can enhance their opportunities of win <a href="https://vulkan-vegas-argentina.top/" rel="nofollow noopener">vulkan vegas casino argentina</a>ning. Right here are a couple of prominent roulette techniques:</p><ul><li><strong>The Martingale System:</strong> This approach includes doubling your wager after each loss, with the hope of recouping all previous losses when you at some point win.</li><li><strong>The Fibonacci System:</strong> Based on the Fibonacci series, this technique involves putting wagers according to a fixed series of numbers.</li><li><strong>The D&#8217;Alembert System:</strong> This approach concentrates on increasing or lowering your wager by one system after each win or loss.</li><li><strong>The James Bond Strategy:</strong> Made famous by the renowned spy, this technique entails putting specific wagers to cover a large range of numbers on the live roulette table.</li></ul><p>Remember that no method ensures a win, as live roulette is eventually a game of luck. It&#8217;s important to approach the game with a balanced mindset, understanding that both winning and losing are part of the experience.</p><h2>Advantages of Playing Free Roulette Online</h2><p>Playing free live roulette online offers several advantages over typical casino site play:</p><ul><li><strong>No monetary threat:</strong> With free online live roulette, you can take pleasure in the excitement and adventure of the game without risking any type of actual cash. It&#8217;s an ideal way to practice and try out various techniques.</li><li><strong>No time at all restrictions:</strong> Online roulette is readily available 24/7, allowing you to play whenever and wherever you want. Say goodbye to the restrictions of brick-and-mortar casinos.</li><li><strong>Access to different variants:</strong> Online platforms use a vast array of roulette variants, guaranteeing that you never get bored and can check out new alternatives at your recreation.</li><li><strong>Enhanced skills and understanding:</strong> Free on-line live roulette allows you to establish your abilities, learn new techniques, and get a much deeper understanding of the video game prior to playing for genuine cash.</li></ul><h2>Conclusion</h2><p>Playing cost-free live roulette online is an outstanding method to delight in the exhilaration of this traditional casino game without any economic risk. By understanding the essentials, exploring various variations, and trying out methods, you can enhance your abilities and expertise while having a fun time.</p><p>Bear in mind, roulette is eventually a gambling game, so strategy it with a sense of satisfaction and adventure. Since you have all the details you require, it&#8217;s time to start rotating the virtual wheel and see where good luck takes you!</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-play-free-live-roulette-online</link><guid>659688</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Play Free Live Roulette Online</dc:text></item><item><title>Safe Online Gaming Sites: Making Certain a Secure and Satisfying Experience</title><description><![CDATA[<p>In today&#8217;s digital age, online gaming has actually come to be a popular type of amusement for several individuals. With a variety of video games and the convenience of playing from the convenience of your <a href="https://lobo888entrar.com/" rel="nofollow noopener">game lobo 888 login</a> very own home, it&#8217;s not surprising that why on the internet gambling has obtained such appeal. Nevertheless, with the rise in on-line betting, it&#8217;s important to ensure that you are utilizing risk-free and trusted betting sites to protect your individual and <a href="https://casinobet30.top/" rel="nofollow noopener">bet 30 casino</a> financial info.</p><p>In this write-up, we will certainly check out the essential factors to consider when selecting risk-free on-line gaming websites and offer you with beneficial tips to boost your online gambling experience.</p><h2>1. Licensing and Law</h2><p>Among the initial and crucial elements to take into consideration when picking an online gambling site is its licensing and law. A trusted and secure on-line gaming website should be accredited and regulated by an identified gambling authority. These authorities make sure that betting websites run rather and transparently, protecting the rate of interests of gamers.</p><p>Prior to registering on any wagering website, take the time to look into the licensing and policy info. This information is normally discovered in the site&#8217;s terms and conditions or in the footer area of the web site. Look for licenses from well-known betting jurisdictions such as the UK, Malta, Gibraltar, or Island of Guy.</p><p>Prevent gambling sites that do not offer any licensing details or are licensed by much less credible jurisdictions, as they may not follow the necessary guidelines and might posture a threat to your safety and security and security.</p><ul><li><strong>Idea:</strong> Look for licensing and policy information in the footer section of the betting website.</li></ul><h2>2. Encryption and Safety Actions</h2><p>Safeguarding your personal and financial information needs to be a leading concern when wagering online. Safe online betting websites utilize advanced file encryption modern technology to protect your information and give a safe environment for your deals.</p><p>Look for gambling sites that utilize Secure Socket Layer (SSL) security, which prevents unapproved access to your details. You can identify SSL file encryption by trying to find a lock symbol in the internet site&#8217;s address bar or by inspecting if the website&#8217;s URL starts with &#8220;https&#8221; instead of &#8220;http&#8221;.</p><p>In addition to encryption, safe online wagering sites also carry out various other safety and security procedures such as firewalls and regular security audits. These procedures ensure that your personal and monetary data continues to be private and secured from cyber hazards.</p><ul><li><strong>Pointer:</strong> Try to find the lock symbol and &#8220;https&#8221; in the internet site&#8217;s address bar to guarantee protected connection.</li></ul><h2>3. Video Game Fairness and Randomness</h2><p>When wagering online, it is essential to believe in the justness and randomness of the games. Safe online wagering websites make use of respectable and independent third-party auditing business to test their games and guarantee that they are reasonable and unbiased.</p><p>These auditing firms, such as eCOGRA and iTech Labs, examine the video game algorithms and software program to confirm that the results are random and not controlled. Try to find the logo designs or certificates of these auditing business on the gambling website to make sure that the games fulfill the called for standards of justness.</p><p>In addition, risk-free online gambling websites typically provide details on the typical payment percents for their video games. Greater payment portions show a greater chance of winning and reasonable gameplay.</p><ul><li><strong>Idea:</strong> Try to find logo designs or certificates of trustworthy bookkeeping companies to make sure video game fairness.</li></ul><h2>4. Accountable Betting Devices</h2><p>Safe online betting sites promote liable gaming and offer gamers with devices to manage their gaming tasks. These tools are made to assist players established limitations, regulate their investing, and determine possible gambling troubles.</p><p>Seek attributes such as deposit limitations, self-exclusion choices, and fact checks when selecting an on the internet gambling website. Down payment limits permit you to establish an optimum quantity you can transfer within a specific period, while self-exclusion choices enable you to momentarily or completely exclude on your own from accessing the wagering website.</p><p>Reality checks are pointers that show up throughout your gambling session to inform you of the time spent and the money bet. These tips can help you stay knowledgeable about your gambling behaviors and make notified decisions.</p><ul><li><strong>Suggestion:</strong> Use accountable betting tools to make certain a healthy and regulated betting experience.</li></ul><h2>Verdict</h2><p>Choosing a secure online betting website is vital to guarantee a protected and pleasurable experience. Think about variables such as licensing and guideline, encryption and safety procedures, video game justness and randomness, as well as the schedule of liable betting devices.</p><p>By adhering to these guidelines, you can make enlightened choices and secure yourself from prospective threats related to on the internet gambling. Keep in mind to constantly wager responsibly and set limits to maintain your betting activities in check.</p><h3><strong>Please note:</strong></h3><p>This post is for informative functions only and must not be taken into consideration legal or monetary suggestions. It is suggested to consult with a specialist expert before taking part in any type of on-line gambling activities.</p>]]></description><link>https://m.coinsnews.com/safe-online-gaming-sites-making-certain-a-secure-and-satisfying-experience</link><guid>659640</guid><author>COINS NEWS</author><dc:content /><dc:text>Safe Online Gaming Sites: Making Certain a Secure and Satisfying Experience</dc:text></item><item><title>The Very Best Settlement Approaches for Online Casinos: A Comprehensive Overview</title><description><![CDATA[<p>When it comes to dipping into online gambling establishments, among the most crucial elements to think about is the repayment approach you make use of. A trusted and secure repayment method not just ensures smooth deals yet additionally safeguards your individual and monetary information. In this short article, we will explore the very best repayment approaches for online gambling enterprises, taking into consideration variables such as safety, comfort, and schedule.</p><h2>1. Debt and Debit Cards</h2><p>Credit score and debit cards are the most widely approved settlement techniques at online casino sites. They offer convenience and simplicity of usage, permitting you to make deposits and withdrawals using your existing cards.</p><p>The majority of on the internet casino sites accept major credit report and debit cards such as Visa, Mastercard, and American Express. When using a credit scores or debit card, your transactions are refined instantaneously, permitting you to start playing your favorite gambling establishment games with no delays.</p><p>However, it is necessary to keep in mind that some banks might obstruct transactions to on-line gambling establishments due to regulatory constraints or problems about fraudulence. Therefore, it&#8217;s a good idea to consult your financial institution or card issuer prior to using your card for on-line gambling enterprise transactions.</p><ul><li>Pros:</li><ul><li>Wide approval</li><li>Instant purchases</li><li>Familiar and simple to make use of</li></ul><li>Cons:</li><ul><li>Possible deal limitations</li><li>Privacy worries</li></ul></ul><h2>2. E-Wallets</h2><p>E-wallets have gotten popularity as a favored payment method for on-line gambling establishments because of their ease and improved security attributes. E-wallets function as middlemans between your checking account or charge card and the on-line casino, including an additional layer of protection to your monetary information.</p><p>Popular e-wallets made use of in on-line gambling enterprises include PayPal, Neteller, and Skrill. These e-wallets permit you to money your account utilizing various techniques, such as charge card, debit cards, or straight financial institution transfers. E-wallets additionally provide fast withdrawals, permitting you to access your earnings swiftly.</p><p>Among the benefits of making use of e-wallets is that they provide an added degree of privacy, as your monetary details is not directly shared with the on the internet gambling enterprise. This can be advantageous for gamers who value their privacy.</p><ul><li>Pros:</li><ul><li>Enhanced safety and security and privacy</li><li>Quick transactions</li><li>Accepted by several on-line gambling establishments</li></ul><li>Cons:</li><ul><li>Transaction costs might apply</li><li>Not readily available in all countries</li></ul></ul><h2>3. Cryptocurrencies</h2><p>Cryptocurrencies have actually become a prominent different repayment approach for online gambling enterprises. With the increase of cryptocurrencies such as Bitcoin, Ethereum, <a href="https://casinobarcelona.world/" rel="nofollow noopener">casinobarcelona.world</a> and Litecoin, numerous on-line casinos have started accepting digital money as a kind of payment.</p><p>Making use of cryptocurrencies for on-line gambling establishment transactions uses numerous benefits. Purchases are commonly quicker and a lot more safe and secure than standard repayment approaches. Additionally, cryptocurrencies supply a particular level of anonymity, as they are decentralized and not connected to any federal government or banks.</p><p>However, it <a href="https://casinobarcelona.world/" rel="nofollow noopener">Casinobarcelona Casino</a> is essential to keep in mind that not all on-line gambling establishments accept cryptocurrencies, and their schedule may differ relying on your location. Moreover, the value of cryptocurrencies can be unpredictable, which might influence the quantity you transfer or withdraw.</p><ul><li>Pros:</li><ul><li>Fast and safe and secure deals</li><li>Increased privacy</li><li>No transaction costs sometimes</li></ul><li>Cons:</li><ul><li>Minimal acceptance</li><li>Rate volatility</li></ul></ul><h2>4. Financial institution Transfers</h2><p>Bank transfers are an uncomplicated payment method for online casinos, particularly for bigger deals. With a financial institution transfer, you can transfer funds straight from your checking account to the on the internet casino site&#8217;s account.</p><p>While financial institution transfers are secure and widely approved, they can be slower contrasted to various other repayment approaches. The handling time for bank transfers varies depending upon the banks engaged and can take a number of company days to finish.</p><p>Bank transfers are frequently utilized for withdrawals, as they enable you to transfer your jackpots straight to your checking account. Nevertheless, some online gambling enterprises may charge fees for bank transfers, so it&#8217;s suggested to check the terms before selecting this repayment method.</p><ul><li>Pros:</li><ul><li>Safeguard purchases</li><li>Extensively approved</li></ul><li>Disadvantages:</li><ul><li>Slow processing time</li><li>Prospective fees</li></ul></ul><h2>Conclusion</h2><p>Choosing the right payment technique for your online casino site deals is important for a seamless video gaming experience. Credit history and debit cards offer large approval and immediate deals, while e-wallets give enhanced protection and privacy. Cryptocurrencies offer fast and safe and secure deals with increased privacy, although their approval might be restricted. Financial institution transfers are a trustworthy alternative for larger transactions however may have slower processing times and possible costs.</p><p>Inevitably, the most effective payment method for on-line casino sites relies on your personal choices and situations. By considering variables such as security, ease, and availability, you can make an informed decision that suits your demands. Keep in mind to constantly check the conditions of the on the internet gambling establishment and the settlement technique provider to make sure a smooth and satisfying gaming experience.</p>]]></description><link>https://m.coinsnews.com/the-very-best-settlement-approaches-for-online-casinos-a-comprehensive-overview</link><guid>659641</guid><author>COINS NEWS</author><dc:content /><dc:text>The Very Best Settlement Approaches for Online Casinos: A Comprehensive Overview</dc:text></item><item><title>Top Rated Online Casinos Online: A Comprehensive Guide</title><description><![CDATA[<p>Invite to our extensive overview to the <a href="https://ktojogos.click/" rel="nofollow noopener">ktojogos.click</a> leading ranked gambling establishments online. In this post, we will certainly offer you with all the information you need to understand about the most effective online gambling establishments available. Whether you are a seasoned player or new to the world of on the internet gaming, this guide will certainly help you browse via the vast variety of alternatives and find the excellent on the internet casino site for your pc gaming preferences.</p><p>Gaming online has ended up being significantly preferred throughout the years, and with many options offered, it can be overwhelming to select the right online casino. Our aim is to make the procedure easier for you by highlighting the premier casinos that have actually made their credibility for supplying a risk-free, safe, and satisfying gaming experience.</p><h2>The Criteria for a Top Ranked Casino</h2><p>Before diving right into our list of top-rated casino sites, allow&#8217;s initial talk about the requirements we made use of to review and rank them. These factors are crucial in figuring out the top quality and reliability of an on-line casino site:</p><p><strong>Licensing and Policy:</strong> Just gambling enterprises that are certified and regulated by trustworthy pc gaming authorities are taken into consideration for our checklist. These licenses make certain that the casino site runs rather and transparently and makes certain the security of gamers&#8217; funds and individual info.</p><p><strong>Game Variety:</strong> A top-rated casino site need to offer a large choice of games, including preferred options like slots, table games, live dealer video games, and a lot more. The high quality of the games, including graphics and customer experience, is also considered.</p><p><strong>Protection and Fairness:</strong> Gambling enterprises that use advanced protection steps, such as SSL security and regular audits by independent testing agencies, are taken into consideration extra credible. Justness is additionally essential, and using licensed random number generators makes sure that games are not set up.</p><p><strong>Perks and Promos:</strong> Generous bonuses and promotions are an integral part of a top-rated casino site. We seek gambling establishments that provide affordable welcome rewards, continuous promos, and a satisfying loyalty program for gamers.</p><p><strong>Repayment Options:</strong> A wide range of protected and practical payment options is vital for convenient purchases. Gambling establishments that supply popular approaches like credit cards, e-wallets, and cryptocurrency are prioritized.</p><ul><li>Instant Play and Mobile Compatibility:</li></ul><p>A premier online casino should supply instant-play alternatives, allowing gamers to accessibility video games directly from their internet internet browsers. Mobile compatibility is additionally crucial, as it permits players to appreciate their preferred video games on the go.</p><h2>The Top-Rated Casinos Online</h2><p>Since you recognize the criteria utilized to examine online gambling establishments, it&#8217;s time to introduce you to our top-rated casino sites online:</p><ul><li>Gambling enterprise A:</li><p>Casino An offers a substantial collection of video games, including a variety of slots, table games, and live dealership alternatives. This casino is licensed and managed by a trustworthy pc gaming authority, guaranteeing a risk-free and fair gaming experience for gamers. With a charitable welcome bonus and normal promotions, Casino A provides plenty of possibilities for players to improve their bankrolls.</p><li>Gambling establishment B:</li><p>Understood for its smooth and easy to use user interface, Gambling establishment B is a top-rated gambling establishment that supplies a varied variety of video games from leading software application providers. The casino site holds multiple licenses and focuses on gamer safety and security and justness. In Addition, Casino B sticks out for its superb client assistance and rapid payment times.</p><li>Online casino C:</li><p>If you&#8217;re seeking a casino site with an unique gaming experience, Online casino C is the best option. This gambling enterprise features gamification elements, enabling players to level up and unlock rewards as they play. With a large selection of video games and a mobile-friendly system, Gambling enterprise C makes sure that players are entertained both at home and on the go.</p></ul><h2>Discovering the Right Gambling Establishment for You</h2><p>While our checklist includes several of the premier casinos online, it&#8217;s important to keep in <a href="https://betanobaixar.click/" rel="nofollow noopener">betanobaixar.click</a> mind that various players have various choices. To discover the right casino site for you, take into consideration the following:</p><p><strong>Your Video gaming Preferences:</strong> Do you enjoy playing slots, table video games, or live dealership video games? See to it the gambling enterprise you pick provides a selection of video games that line up with your preferences.</p><p><strong>Budget and Financial:</strong> Consider your spending plan and the offered settlement alternatives. Seek a gambling establishment that uses budget friendly wagering alternatives and has hassle-free down payment and withdrawal approaches.</p><p><strong>Software application Providers:</strong> Some players prefer specific software program providers. If you have a favorite company, check if the gambling establishment supplies video games from that company.</p><p><strong>Client Assistance:</strong> Trustworthy client support is vital, particularly if you experience any type of issues or have concerns. Try to find a casino site that uses several assistance channels, such as real-time conversation, email, and phone support.</p><h3>Verdict</h3><p>Selecting the right online gambling establishment can considerably improve your gaming experience. By taking into consideration the elements we have actually gone over and exploring our premier gambling enterprises, you can discover a trustworthy and delightful platform to meet your gambling wishes. Remember to always gamble sensibly and establish limitations for yourself. Best of luck!</p>]]></description><link>https://m.coinsnews.com/top-rated-online-casinos-online-a-comprehensive-guide</link><guid>659642</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Rated Online Casinos Online: A Comprehensive Guide</dc:text></item><item><title>The Ultimate Guide to Free Online Slots for Fun</title><description><![CDATA[<p>On the internet slots have actually ended up being increasingly preferred over the years, supplying players with amazing and amusing gameplay right from the convenience of their own homes. Unlike traditional fruit machine located in land-based gambling enterprises, cost-free online slots use a wide range of themes, functions, and reward rounds to improve the video gaming experience. In this overview, we will certainly discover every little thing you require to understand about cost-free online ports for enjoyable, consisting of just how they function, where to find them, and pointers for maximizing your gameplay.</p><h2>Just How Do Free Online Slots Job?</h2><p>Free online slots operate the same principles as their real-money counterparts. The major distinction is that you do <a href="https://mrbeastnetworth-singapore.online/" rel="nofollow noopener">Mr beast net worth</a> not have to bet any money to play them. Instead, these slots make use of digital credit ratings that can be renewed when you go out. The goal remains the very same&#8211; you spin the reels and objective to land winning combinations of signs to obtain payments.</p><p>These ports use an arbitrary number generator (RNG) to determine the outcome of each spin. This makes certain that the results are reasonable and unforeseeable, duplicating the randomness of a physical one-armed bandit. Free on the internet slots usually include multiple paylines, perk rounds, and special icons to maintain the gameplay engaging and interesting.</p><p>A lot of complimentary online slots likewise include a demo mode, enabling you to check out the video game before playing with real cash. This is a great way to familiarize yourself with the mechanics and functions without any economic danger.</p><ul><li>Free on the internet slots offer an immersive gaming experience without the demand to invest real cash.</li><li>They use an arbitrary number generator to ensure reasonable and uncertain results.</li><li>Demonstration mode permits gamers to try out the video game before betting actual cash.</li></ul><h2>Where Can You Find Free Online Slots?</h2><p>There are various online systems that provide complimentary online slots for enjoyable. These platforms vary from online casinos to dedicated slot video game web sites. Below are a few preferred options:</p><ul><li><strong>Online Online Casinos:</strong> Many online gambling enterprises supply a large option of free online slots for gamers to take pleasure in. These gambling enterprises typically offer the choice to have fun with actual money as well, <a href="https://youtuber-mrbeast.top/" rel="nofollow noopener">Youtuber mr beast</a> offering you the adaptability to pick.</li><li><strong>Port Game Websites:</strong> Some sites focus on offering complimentary slot games. These systems are dedicated to supplying players with a variety of slot choices, allowing you to discover various themes and gameplay designs.</li><li><strong>Mobile Apps:</strong> With the surge in appeal of mobile pc gaming, there are also a myriad of cost-free port video game apps readily available for download. These apps can be accessed on smart devices and tablet computers, supplying practical on-the-go home entertainment.</li></ul><p>When picking a system to play complimentary online slots, it is very important to make certain that the site or application is reputable and protected. Search for platforms that are licensed and regulated by trustworthy video gaming authorities to guarantee a safe and reasonable having fun experience.</p><h2>Tips for Optimizing Your Gameplay</h2><p>While playing complimentary online slots for enjoyable requires no financial investment, there are still methods you can employ to enhance your gameplay and increase your possibilities of winning. Right here are some tips to bear in mind:</p><ul><li><strong>Recognize the Game:</strong> Make the effort to check out the video game rules and paytable before you begin playing. This will certainly assist you comprehend the signs, paylines, and unique attributes, allowing you to make enlightened choices during gameplay.</li><li><strong>Set a Spending Plan:</strong> Despite the fact that you are not playing with real money, it is vital to set a budget for your virtual credit reports. This will certainly aid you handle your gameplay and avoid extreme losses.</li><li><strong>Try Different Gamings:</strong> With such a substantial option of totally free online slots available, do not hesitate to discover different video games and themes. This will certainly keep the gameplay fresh and exciting, and you may discover brand-new favorites along the road.</li><li><strong>Benefit From Bonuses:</strong> Numerous on-line systems supply incentives and promotions absolutely free online ports. These can consist of free rotates, extra online debts, or perhaps access to unique video games. See to it to make use of these offers to optimize your gameplay.</li><li><strong>Practice Responsible Gaming:</strong> While free online slots are simply for enjoyable, it is always important to practice responsible gaming practices. Set restrictions for your gameplay time and stay with them, guaranteeing that you keep a healthy and balanced balance between enjoyment and various other aspects of your life.</li></ul><h2>Final thought</h2><p>Free online ports for fun supply an outstanding way to take pleasure in the adventure of fruit machine without running the risk of any type of genuine cash. With a vast array of styles, attributes, and benefit rounds, these ports provide unlimited entertainment choices. Whether you favor traditional slots or more modern variations, you make certain to locate a game that fits your preferences. Keep in mind to always play responsibly and have a good time checking out the amazing world of complimentary online ports!</p><p>Please note: Gaming ought to be done responsibly and is not appropriate for individuals under the age of 18. Please gamble properly and look for assistance if you really feel that your betting routines are coming to be bothersome.</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-free-online-slots-for-fun</link><guid>659643</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Free Online Slots for Fun</dc:text></item><item><title>Experience the Thrill of Free Slot Games Online</title><description><![CDATA[<p>Are you a follower of casino site video games? Do you appreciate the excitement and expectancy of spinning the reels and waiting on that big win? If so, after that free slot games online are ideal for you. These games use all the delights of a standard fruit machine, without the threat of shedding any genuine cash. In this short article, we will certainly check out the globe of totally free port video games on the internet and show you how you can enjoy hours of entertainment without investing a dime.</p><p>Free slot video games online have come to be significantly popular over the years. With advancements in innovation, these games now offer magnificent graphics, immersive sound results, and interesting perk features that rival those found in real-life casino sites. Whether you are a skilled port gamer or a newbie seeking to learn the ropes, there is a cost-free port game online that will suit your choices.</p><h2>Why Play Free Port Games Online?</h2><p>There are numerous reasons that you should think about playing free port video games online. First of all, they are a wonderful means to pass the time. Whether you are waiting for a visit or relaxing from job, you can quickly log on to your favored online casino site and begin playing. Without any cash on the line, there is no pressure to win, allowing you to simply unwind and enjoy the video game.</p><p>Secondly, free slot games online are a fantastic way to learn exactly how to play. If you are new to the globe of slots, these video games permit you to practice and acquaint yourself with various video game technicians and functions. You can experiment with various betting <a href="https://esportivabet-br.top/" rel="nofollow noopener">esportivabet-br.top</a> strategies and see which ones function best for you, all without risking any type of real money. This knowledge and experience will can be found in useful when you choose to bet actual.</p><p>Finally, cost-free port games on the internet provide an opportunity to try brand-new games and uncover hidden treasures. With hundreds of various slot video games readily available, you will never ever lack alternatives. From traditional <a href="https://esportivabet-brazil.top/" rel="nofollow noopener">Esportiva.bet Cassino</a> slot machine to modern-day video clip slots, there is a game for every taste. By playing for totally free, you can check out various themes, gameplay styles, and bonus offer attributes without needing to spend a dime.</p><ul><li>Experience the thrill of cost-free slot video games without running the risk of real money</li><li>Learn exactly how to play and exercise different methods</li><li>Discover brand-new video games and discover a selection of themes and features</li></ul><h2>Where to Play Free Slot Games Online</h2><p>There are countless online casinos and pc gaming systems that provide complimentary port video games. These systems can be accessed from your home computer or mobile device, enabling you to play anytime, anywhere. A few of one of the most popular and trustworthy on the internet casinos include:</p><ul><li>Online Casino site A</li><li>Online Online Casino B</li><li>Online Casino Site C</li></ul><p>These gambling establishments supply a vast array of complimentary port games, ranging from traditional three-reel ports to modern five-reel video clip ports. They also supply various rewards and promotions, such as complimentary rotates and reward rounds, to boost your video gaming experience. Additionally, many online gambling establishments supply trial variations of their paid games, permitting you to attempt them out before spending any kind of actual money.</p><h2>Tips for Playing Free Port Games Online</h2><p>While playing totally free port games online is primarily concerning enjoying, there are a couple of suggestions that can help boost your experience:</p><ul><li>Set a spending plan: Despite the fact that you are not having fun with genuine cash, it is still vital to establish an allocate yourself. Decide how much time and online cash you want to spend playing cost-free port video games.</li><li>Trying out different games: Do not hesitate to try brand-new games and explore different themes and functions. You might find a covert gem that becomes your new favorite.</li><li>Capitalize on benefits and promos: Several online gambling establishments provide incentives and promotions free of charge port video games, such as cost-free spins or reward rounds. Make certain to benefit from these offers to maximize your earnings.</li><li>Read the paytable and policies: Before beginning a video game, take a moment to check out the paytable and rules. Understanding the video game mechanics and payout structure will aid you make informed decisions and increase your opportunities of winning.</li><li>Play properly: While free port games are a fun and safe method to delight in casino games, it is still crucial to play responsibly. Bear in mind that these games are for enjoyment objectives only and ought to not be viewed as a way to generate income.</li></ul><h3>Conclusion</h3><p>Free slot video games on the internet offer a thrilling and risk-free way to experience the exhilaration of casino games. Whether you are a seasoned player or a novice, these video games provide unlimited hours of home entertainment and the chance to find out and practice different techniques. With a variety of games to select from and the convenience of playing from your own home, complimentary slot video games online are a must-try for any kind of gambling establishment fanatic. So why wait? Start rotating those reels today!</p>]]></description><link>https://m.coinsnews.com/experience-the-thrill-of-free-slot-games-online</link><guid>659644</guid><author>COINS NEWS</author><dc:content /><dc:text>Experience the Thrill of Free Slot Games Online</dc:text></item><item><title>The Ultimate Guide to Free Online Casino Gamings</title><description><![CDATA[<p>In the world of on the internet gaming, gambling enterprise video games are certainly the main attraction. The thrill of positioning wagers, the expectancy of winning, and the excitement of betting others make casinos a prominent amusement option for lots of. Nonetheless, not everybody has the ways or wish to bet genuine cash. That&#8217;s where free gambling establishment video games come in.</p><p>Free gambling establishment video games are virtual variations of typical casino site games that can be played without betting any kind of real money. Whether you&#8217;re a novice looking to practice or a seasoned gamer looking for some enjoyable without the risk, complimentary gambling establishment games give an exceptional chance to delight in the gambling enterprise experience without any financial commitment.</p><h2>Advantages of Free Casino Games</h2><p>There are several compelling reasons why cost-free casino site games have gotten popularity among gamers <a href="https://betanocasinobrasil.top/" rel="nofollow noopener">betano casinobrasil</a> around the globe:</p><p><strong>1. Technique and Improve Skills:</strong> Free gambling establishment video games function as a training ground for those who want to grasp the regulations and approaches of different games. Whether it&#8217;s blackjack, texas hold&#8217;em, roulette, or ports, betting totally free enables players to acquaint themselves with the gameplay and construct self-confidence before entering real-money video games.</p><p><strong>2. Enjoyment without Threat:</strong> For individuals who appreciate the excitement of online casino video games yet prefer not to wager with genuine money, free casino site games supply an optimal solution. You can experience the enjoyment and amusement without stressing over losing any type of hard-earned cash.</p><p><strong>3. Variety of Options:</strong> Free casino video games can be found in various types, providing gamers <a href="https://betboo-apostasonline.top/" rel="nofollow noopener">Betboo casino</a> with a large range of alternatives to select from. Whether you prefer card games, table video games, slots, and even much less typical casino games, you&#8217;ll find a plethora of choices in the free pc gaming world.</p><ul><li>Card Games: Timeless video games like blackjack, baccarat, and poker can be enjoyed in their online type. Examine your abilities and try out different methods with no economic danger.</li><li>Table Games: Popular video games such as roulette and craps are also readily available free of charge. Discover the regulations and create your own wagering strategies at your very own pace.</li><li>Ports: One of the most cherished casino video game, vending machine, are commonly available as complimentary video games. Discover various styles, perk features, and paylines without having to spend a dime.</li><li>Specialized Games: Free on the internet casinos commonly offer one-of-a-kind and less common video games like keno, bingo, and scratch cards. These video games give a rejuvenating modification of rate and supply a delightful experience.</li></ul><p><strong>4. No Time or Economic Restrictions:</strong> With cost-free casino games, there&#8217;s no need to worry about opening up hours or spending limits. You can play whenever you desire, for as long as you desire, with no restrictions. This adaptability is specifically beneficial for those with busy routines or minimal budget plans.</p><h2>Where to Play Free Casino Gamings</h2><p>A myriad of on the internet systems use free gambling establishment video games. To begin, all you need is accessibility to the web and a gadget such as a computer, smartphone, or tablet. Here are some prominent options:</p><ul><li>Online Gambling enterprises: Several betting web sites provide an option of complimentary video games together with their real-money equivalents. These websites offer an immersive casino site experience and frequently enable users to switch flawlessly in between totally free and real-money pc gaming modes.</li><li>Mobile Applications: Numerous mobile applications are committed to free gambling enterprise video games. These applications are conveniently downloadable and offer a vast array of games maximized for mobile devices.</li><li>Social Media Platforms: Facebook, as an example, hosts a number of social casino games where you can have fun with close friends and compete against other players. These games usually consist of interactive features and leaderboards.</li><li>Game Developers&#8217; Websites: Some video game designers provide totally free variations of their casino site video games on their official websites. These variations can offer you a taste of the complete game and assist you decide if it deserves acquiring.</li></ul><p>It is necessary to keep in mind that while free gambling establishment games do not require real-money wagers, some systems might provide in-app acquisitions or added attributes that call for repayment. Constantly beware and read the conditions before making any economic commitments.</p><h2>Conclusion</h2><p>Free casino site video games use an outstanding chance to appreciate the thrill and excitement of gambling without any monetary risk. Whether you&#8217;re a beginner aiming to exercise or simply looking for some amusement, the globe of complimentary gambling establishment games has something for everyone. From card video games to slots, the selection of alternatives is vast and ever-growing. So, why not capitalize on these totally free offerings and accept the virtual casino experience?</p><p>Remember, though there might be no financial stakes included, always play responsibly and set limitations on your own. Have a good time and enjoy the world of totally free casino site video games!</p>]]></description><link>https://m.coinsnews.com/the-ultimate-guide-to-free-online-casino-gamings</link><guid>659645</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ultimate Guide to Free Online Casino Gamings</dc:text></item><item><title>Besten Online Gambling Establishments PayPal: A Comprehensive Overview</title><description><![CDATA[<p>Invite to our extensive overview on the besten online casino sites PayPal. In this write-up, we will explore everything you require to learn about online casino sites that accept PayPal as a settlement technique. Whether you are an experienced gamer or new to the globe of on-line gambling, this guide will provide you with beneficial information to boost your pc gaming experience.</p><p>PayPal is a prominent on-line settlement system that allows individuals to make safe and <a href="https://casinobetwinner-pt.click/" rel="nofollow noopener">casinobetwinner-pt.click</a> secure purchases over the internet. It is commonly approved in different markets, including the on the internet betting industry. Online online casinos that accept PayPal deal gamers ease, safety, and a seamless repayment experience.</p><h2>The Benefits of Playing at Online Gambling Enterprises with PayPal</h2><p>There are several benefits to playing at on the internet gambling establishments that accept PayPal as a repayment approach:</p><p><strong>1. Safety:</strong> PayPal is recognized for its strict safety and security actions. When you make a deposit or withdrawal using PayPal, your financial info is encrypted and secured from unauthorized access. This includes an added layer of protection to your on-line purchases.</p><p><strong>2. Convenience:</strong> PayPal supplies an easy to use user interface that makes transferring and taking out funds quick and easy. You can connect your PayPal account to your checking account or credit/debit card, enabling you to move funds easily.</p><p><strong>3. Rate:</strong> Transactions conducted via PayPal are processed quickly. This suggests that you can deposit funds into your casino site account and begin playing your preferred games without delay. Withdrawals are additionally processed swiftly, allowing you to access your winnings in a prompt way.</p><p><strong>4. Anonymity:</strong> When you make a settlement with PayPal, your economic details stay personal. This includes an additional layer of privacy, as the on the internet casino site will only have accessibility to your PayPal email address.</p><h2>How to Down Payment and Withdraw Funds Utilizing PayPal</h2><p>To deposit funds right into your on-line casino account making use of PayPal, follow these steps:</p><p>1. Enroll in an account at the on the internet casino of your choice.</p><p>2. Navigate to the cashier section and select PayPal as your repayment technique.</p><p>3. Go into the quantity you wish to deposit and select your PayPal account as the financing source.</p><p>4. Validate the transaction and wait for the funds to show up in your casino site account.</p><p>Withdrawing funds from your on the internet casino account making use of PayPal is equally as straightforward:</p><p>1. Most likely to the cashier area <a href="https://ku11casino-vn.click/" rel="nofollow noopener">KU11 Casino</a> and choose PayPal as your withdrawal approach.</p><p>2. Go into the amount you desire to take out.</p><p>3. Verify the deal and wait on the funds to be transferred to your PayPal account.</p><p>4. From your PayPal account, you can choose to move the funds to your bank account or use them for various other online acquisitions.</p><h2>Top Online Gambling Establishments that Accept PayPal</h2><p>Right here are some of the leading online gambling enterprises that approve PayPal as a settlement technique:</p><ul><li>Online casino A: This reputable online gambling establishment uses a large range of video games and a charitable welcome reward. They focus on player safety and security and offer seamless PayPal deals.</li><li>Casino B: Known for their impressive video game selection, Gambling enterprise B also supplies fast and hassle-free PayPal purchases. They have an easy to use site and outstanding customer assistance.</li><li>Online casino C: With a streamlined design and a large choice of games, Casino C is a prominent selection among gamers. They supply secure PayPal transactions and a fulfilling commitment program.</li><li>Online casino D: This well-known online gambling establishment has a strong track record in the sector. They use a seamless PayPal experience, fast payouts, and a wide range of gaming alternatives.</li></ul><p>These are simply a few examples of the several on-line gambling establishments that approve PayPal. Be sure to check out the testimonials and scores of different casino sites to locate the one that matches your preferences.</p><h2>Final thought</h2><p>Dipping into on-line gambling establishments that approve PayPal uses many advantages, including improved protection, benefit, rate, and anonymity. By complying with the simple steps detailed in this overview, you can easily deposit and take out funds utilizing PayPal.</p><p>Bear in mind to choose credible on-line casinos that focus on gamer safety and security and supply a large selection of video games. Take your time to check out different alternatives and read evaluations before making a decision. Delighted video gaming!</p>]]></description><link>https://m.coinsnews.com/besten-online-gambling-establishments-paypal-a-comprehensive-overview</link><guid>659646</guid><author>COINS NEWS</author><dc:content /><dc:text>Besten Online Gambling Establishments PayPal: A Comprehensive Overview</dc:text></item><item><title>Find out how to get No Deposit Bonuses at An Online Casino</title><description><![CDATA[<p>What is what is a &#8220;no deposit bonus&#8221;? No deposit bonuses are basically an offer that you are able to utilize to play online casino <a href="https://plinko-cl.top/" rel="nofollow noopener">Plinko</a>s and wager. The only requirement is to make an account with the casino in order to qualify for the offer. You will get real cash credits that can be used to place bets. It may<span id="more-583940"></span> not be applicable to all games, or all slots.</p></p><p>In any case it is recommended for you to fully understand the terms and conditions that come with no deposit bonuses prior to signing up or making deposits at casinos. It is also important to ensure that the casino you choose to play at is licensed and regulated prior to choosing a game or slot to play. In any event it is recommended to confirm all the details prior to placing bets on any money.</p></p><p>What is the highest amount of no deposit bonus? It differs from casino to casino. Some casinos offer it for free as a promotional offer or as a way to attract new players. In these instances you&#8217;ll need to provide your email address and the details of your credit card to get the free bonus. Some casinos also require that you place bets before you are able to withdraw the bonus amount from your account.</p></p><p>How can you find out more about no deposit bonuses? You can find out more by looking for the casinos yourself. The majority of casinos will have information about their casinos online on their site. Some casinos do not provide the information, however you might be able to find it through referrals from third parties. You may need to contact customer service for more information about the bonus no deposit.</p></p><p>Since there aren&#8217;t any deposit bonuses, it&#8217;s important to understand how they work. If you play enough time, you have an excellent chance of earning a certain percentage. When you first sign-up at a casino, you will receive a promo code. This code would allow you to play games for free until your balance is reduced to zero. Then, you&#8217;d have to input your real account information to determine your <a href="https://jetx-jouer.top/" rel="nofollow noopener">Jetx</a> maximum and minimum bets.</p></p><p>When you play using your promotional codes, you have with a high chance of winning the jackpot prize. Casinos that offer no deposit bonuses may be different from traditional casinos in terms of winning limit. Before signing up, make sure you understand all details about the no deposit bonus.</p></p><p>How do you find casinos online that do not offer deposit bonuses? It&#8217;s simple. You only need to search for &#8220;no deposit casino online&#8221; in the search engine. You can also read their latest news and other community events posted on their websites so that you&#8217;ll know how you can get the most out of your no deposit bonus.</p></p><p>Online review websites for casinos are an excellent way to increase your bonus. There are numerous websites that provide reviews about casino websites. When you have found a reliable one, you can look through the reviews about their casino bonuses and games. In addition to the bonuses that do not require deposit as well, you&#8217;ll be able to find out more about the reputation of the casino and customer service, games, software and other aspects that you need to know prior to playing at their casino. This will help you determine whether you&#8217;re dealing with a reputable online casino.</p></p><p>Find out how you can maximize your bonus no deposit. After you have seen the news and active in the community You are able to sign up for their loyalty program. Numerous casinos offer loyalty discounts for players who are regulars. This is a great method to increase your bankroll.</p></p><p>Certain casinos with no deposit also offer a deposit-free bonus for their VIP players. VIP members usually enjoy many benefits, such as free spins on slot or video poker machines, exclusive jackpots and tournaments. VIP members also enjoy the opportunity to take part in casino-related seminars and training sessions. These casinos that don&#8217;t require deposits provide numerous benefits that you could think they are worth the effort. All you have to do is find the right casino join and you will be ready.</p></p><p>You should pay attention to the bonuses that are not deposit-based that casinos online offer when choosing one. A lot of online casinos don&#8217;t offer these bonuses since they would like you to select an online casino that has high-quality games and top-quality customer service. The best way to make sure that you get the deposit-free bonus you require is to go through the entire website. The online casinos that do offer these bonuses are typically updated with the most recent promotions and deals.</p>]]></description><link>https://m.coinsnews.com/find-out-how-to-get-no-deposit-bonuses-at-an-online-casino</link><guid>659611</guid><author>COINS NEWS</author><dc:content /><dc:text>Find out how to get No Deposit Bonuses at An Online Casino</dc:text></item><item><title>How to Play Casino Online</title><description><![CDATA[<p>There are many ways to play online casino games. Listed below are the most popularones: Games such as Signup bonuses as well as payment methods and Games selections. These are the most important factors when selecting the best casino. To find out more about the rules for every game, make sure that you have read them before you begin. You can also<span id="more-583939"></span> play the games free of charge at some casinos. After you&#8217;ve selected the game you want to play, be sure to play it to have enjoyment!</p><h2>Payment methods<br /></h2><p>Casino games online can be played using different payment methods. Some casinos even offer a bonus amount tied to payment methods, making it much easier to transfer money into your account. It is important to note that not all payment methods are available in all countries, including the USA. In order to avoid issues when playing at online casinos, it is crucial to select payment methods carefully. Here are the most well-known methods.</p><p>Visa is a well-known method to make deposits at an online casino. It is widely used by people and is widely accepted in the top online casinos. Review the list of supported methods to make sure that the casino accepts your method. Be aware that certain casinos might have higher limits than others. Bank transfers might be preferred <a href="https://vulkanvegas-cz.top/" rel="nofollow noopener">vulcan vegas</a> by high-rollers. Other <a href="https://casino-camelbet.top/" rel="nofollow noopener">casino camelbet</a> options are PayPal, Skrill, or Neteller. Before you decide to use one of these payment options, be sure to go over the terms and conditions.</p><h2>Bonuses<br /></h2><p>There are many ways to get free money when you play online casino games. Casinos online often provide players exclusive bonuses. These bonuses can have different terms and conditions. Certain bonus offers are available only to certain types of games, whereas others are general. Bonuses permit players to use their funds on a broad range of casino games. You could be eligible for different kinds depending on the terms of a casino.</p><p>First, you need to understand what is a bonus. An online casino will offer you extra money in exchange for playing a certain type of game. These bonuses could be welcome bonuses as well as bonus points for reloads, loyalty rewards, or general promotions. These bonuses are free and can enhance your gambling experience, increase your bankroll and give you an opportunity to experience the casino without risk. These bonuses are offered by many online casinos and they are an excellent way to boost your winnings.</p><h2>Games to play<br /></h2><p>The variety of game options is one of the major differences between online and land-based casinos. In land-based casinos, the focus is on the winning variations of games, while online casinos concentrate on games that appeal to a larger audience. Casinos online give players to pick the stakes and rules that suit their playing style and budget. However, players can benefit from a more varied game selection at an online casino.</p><h2>Signup bonuses<br /></h2><p>If you&#8217;re interested in trying your luck at playing casino games online you may consider checking out sign-up bonuses offered by online casinos. These welcome bonuses will give you money to play real casino games for real money. Be aware of the terms and conditions that apply to these bonuses. They could include the number of times you can withdraw your winnings as well as the rollover requirements. These are only some of the important factors you need to take into consideration when deciding whether a sign-up bonus at a casino bonus is worth your time.</p><p>The most basic kind of welcome bonus is the one you receive when making your first deposit. If you deposit at least $2,000, casinos will give you free spins or cash. You can also earn cashback rewards or redeemable points within the casino. This is the most sought-after bonus online casinos offer. When you deposit money at an online casino, the code will be sent to you in order to redeem your bonus.</p><h2>Live dealer games<br /></h2><p>It is easy to find live dealer casino games on an online casino. Many casinos have a tab for live casino games. Clicking on this tab will bring up the list of available tables. There could be more than one table available for each game. These tables are divided by stake levels. Once you have chosen the table you wish to play, you can select a dealer. This allows you to play your preferred live dealer casino games with free house money! How do you choose live dealers?</p><p>Most online casinos feature a Live Dealer category. Some casinos may place it under Table Games, while others may place it under Other games. Click on the category to see the live dealer games. Generally, the games available in this section are roulette blackjack, baccarat, and roulette. These games have limits. Before you begin playing these games, it is a good idea that you examine the limits. Online casinos can also provide live chat with dealers.</p>]]></description><link>https://m.coinsnews.com/how-to-play-casino-online</link><guid>659612</guid><author>COINS NEWS</author><dc:content /><dc:text>How to Play Casino Online</dc:text></item><item><title>What Can Players Look Forward to</title><description><![CDATA[<p>Mobile casinos are becoming more popular as people prefer to play online casino games in a more simple way than traditional methods. Mobile casinos are popping up all over the world. Mobile casino games are ideal for those with a tight schedule or are inactive. The top mobile casino apps and games have the perfect balance, which improves the overall<span id="more-583938"></span> experience and elevates it to an even more authentic and enjoyable level. Mobile gaming offers players the same addictive pleasure like traditional console gaming but in a totally different mobile environment.</p></p><p>A lot of mobile casinos offer free online casino games such as blackjack, baccarat, and even craps. Mobile gambling offers many benefits not the least of which is <a href="https://plinko1xbet-russia.top/" rel="nofollow noopener">plinko1xbet-russia.top</a> its ease-of-use. Mobile gambling is a source of thrilling and exciting experiences. One can jump on to their smartphone to be able to access the vast array of betting options. This can go a long way in making the mobile gambling experience an unforgettable one. It&#8217;s now simple to switch from one casino&#8217;s mobile game to the next without leaving the area you&#8217;re currently in.</p></p><p>As we mentioned earlier, the wide array of betting options makes games at mobile casinos more interesting and thrilling. It expands the horizons of players and requires players to think outside of the box. It offers players the rare chance to play various casino games that are not available on a normal PC or console. As the popularity of online gambling grows among people of all ages, these websites provide special promotions and services to entice players. Some casinos provide additional spins and bonus cash in exchange for mobile bets. Some casinos offer exclusive slot machines, which allow players to play at a unique location unlike any other land-based version.</p></p><p>Mobile gambling is so popular that there are whole websites dedicated to it. The major mobile gambling operators have their own wireless network and cater to users via this network. So, games on mobile casinos such as tables and slots are much easier to access and enjoy on mobiles. The internet also offers numerous information, such as reviews, news and tips as well as guides to the top mobile gambling websites.</p></p><p>Tablets are another hot favourite for a lot of people. Smartphones are thought to be the most comfortable gaming device around. Smartphones are the ultimate gaming gadget. Users don&#8217;t have to carry large gaming consoles. They can just use their smartphones to play. There are many games apps that can be downloaded to your smartphone. This includes news, reviews and guides as well as news on a <a href="https://gonzosquest-slot.top/" rel="nofollow noopener">gonzosquest-slot.top</a> range of topics. In fact, smartphone gaming is rapidly surpassing console gaming.</p></p><p>Gaming devices such as tablets also offer an enhanced gaming experience. These devices offer greater screen resolution and higher quality sound. You can connect wirelessly to casinos via Bluetooth. Further, some of these devices can emulate a traditional casino gaming system. Some of them can double as debit or credit cards. We will soon see major changes to the way we play our most loved casino games as more casinos adopt smart phones technology that allow customers to make gaming transactions.</p></p><p>Mobile casinos provide new opportunities for both players and casinos. It is now possible to play your favorite slots anywhere, anytime using AR applications, touchscreen interfaces and smart phones. In addition due to the fact that most players carry their smartphones wherever they go, the convenience offered by these devices cannot be overlooked.</p></p><p>Mobile casinos are changing the ways we play online casino games. Most of the top casinos online have opted to integrate casino game apps to their devices. These apps are an excellent way to improve your gaming experience. These apps are perfect for those who love to explore new options. The free trials allow you to test the various features and determine if you want to purchase the full version.</p>]]></description><link>https://m.coinsnews.com/what-can-players-look-forward-to</link><guid>659613</guid><author>COINS NEWS</author><dc:content /><dc:text>What Can Players Look Forward to</dc:text></item><item><title>Online Casinos That Accept Mastercard Deposits: A Comprehensive Overview</title><description><![CDATA[<p>Mastercard is one of the most commonly approved repayment techniques worldwide, and it&#8217;s no surprise that many on the internet gambling establishments also accept Mastercard deposits. In this short article, we will certainly check out the benefits of utilizing Mastercard for on the internet casino transactions, review the steps to make a down payment, highlight some of the very best Mastercard-friendly casino sites, and supply pointers for a secure and pleasurable betting experience. Whether you are a skilled casino player or a newcomer to online casino sites, this overview will give you with all the necessary info you require to understand about casino sites that approve Mastercard deposits.</p><h2>Why Use Mastercard for Online Casino Site Deposits?</h2><p>There are numerous reasons utilizing Mastercard for on the internet gambling enterprise deposits is a popular option amongst players:</p><p><strong>1. Widely Accepted:</strong> Mastercard is accepted by a huge number of on-line casino sites worldwide, providing players with a hassle-free and accessible repayment <a href="https://spacemanjogobr.top/" rel="nofollow noopener">spacemanjogobr.top</a> alternative.</p><p><strong>2. Safety:</strong> Mastercard executes sophisticated safety procedures to shield individual data, guaranteeing safe deals and peace of mind for online gamblers.</p><p><strong>3. Quick and Easy Deposits:</strong> Making a down payment with Mastercard is generally a simple procedure, permitting gamers to begin playing their favorite online casino games without unnecessary delays.</p><p><strong>4. Global Access:</strong> Whether you are located in Europe, North America, Asia, or any type of other part of the world, you can utilize your Mastercard to make online casino site deposits with simplicity.</p><p><strong>5. Benefits and Incentives:</strong> Some on-line casino sites supply unique benefits and bonuses for gamers that transfer using Mastercard, giving additional motivations for utilizing this repayment technique.</p><ul><li>Safety and security:<p>When it concerns online purchases, safety is of extremely important importance, and Mastercard has actually taken considerable actions to make certain safe and safe and secure repayments. The company employs sophisticated security technology to safeguard user data and stop unauthorized gain access to. In addition, Mastercard supplies robust scams defense systems, continually keeping an eye on purchases to discover and stop deceptive tasks.</p></li></ul><h2>How to Make a Mastercard Down <a href="https://pinupaviator-kz.top/" rel="nofollow noopener">pinupaviator-kz.top</a> Payment at an Online Casino site</h2><p>Ready to make a down payment utilizing your Mastercard? Follow these steps:</p><p><strong>Step 1: Select a Casino Site:</strong> Select an on-line gambling enterprise that accepts Mastercard down payments. Make sure to check out reviews and examine the casino site&#8217;s credibility, video game selection, and customer support before making your option.</p><p><strong>Action 2: Develop an Account:</strong> Sign up for an account at the picked casino site. Give the required individual information and select a safe and secure password.</p><p><strong>Action 3: Browse to the Cashier:</strong> When you have produced an account, log in to the gambling establishment and browse to the cashier or deposit section.</p><p><strong>Step 4: Select Mastercard as Your Repayment Technique:</strong> In the down payment area, select Mastercard as your preferred payment technique. You might also need to provide additional information such as your card number, expiration date, and CVV code.</p><p><strong>Step 5: Get In Down Payment Amount:</strong> Specify the amount you want to deposit into your gambling establishment account using your Mastercard.</p><p><strong>Step 6: Confirm and Refine:</strong> Inspect the details of your deposit and verify the transaction. The funds must be credited to your casino account practically promptly. If there are any type of concerns, speak to the casino site&#8217;s client assistance for assistance.</p><h2>Top Online Gambling Enterprises That Accept Mastercard Deposits</h2><p>Since you know just how to make a Mastercard down payment, allow&#8217;s explore some of the leading online casinos that approve this widely-used payment approach:</p><ul><li>1. Casino A: Understood for its considerable video game selection, secure system, and charitable perks, Online casino A supplies a smooth Mastercard down payment experience.</li><li>2. Casino B: With its straightforward interface and superb consumer support, Gambling establishment B is a popular selection among players that choose Mastercard for their deposits.</li><li>3. Gambling Establishment C: Offering a variety of games, interesting promotions, and quick payouts, Casino C welcomes Mastercard users with open arms.</li></ul><p>Please note that the accessibility of these gambling establishments and their approval of Mastercard down payments might vary depending on your location. Constantly inspect the gambling enterprise&#8217;s conditions before making a deposit.</p><h2>Tips for a Safe and Delightful Betting Experience</h2><p>While using Mastercard for online gambling enterprise deposits gives ease and safety, it&#8217;s necessary to comply with these ideas for a safe and satisfying gaming experience:</p><h3>1. Pick Certified and Controlled Gambling Enterprises:</h3><p>Select on the internet casino sites that are qualified and controlled by credible authorities. This guarantees that the online casino operates in compliance with strict laws, supplying ups for grabs and safe and secure deals.</p><h3>2. Set a Budget and Stick to It:</h3><p>Prior to you begin playing, establish a gaming spending plan and adhere to it. This will assist you avoid overspending and ensure that your gaming stays a form of amusement rather than a monetary worry.</p><h3>3. Use Responsible Gaming Tools:</h3><p>The majority of respectable on the internet gambling enterprises use devices such as down payment limitations, breaks, and self-exclusion alternatives to promote accountable gaming. Make use of these attributes to preserve control over your betting habits.</p><h3>4. Read and Understand the Terms and Conditions:</h3><p>Before depositing at an on the internet casino site, extensively review and understand the terms and conditions. Pay very close attention to aspects such as betting needs, withdrawal limits, and incentive terms to stay clear of any shocks in the future.</p><h3>5. Maintain Your Personal and Financial Information Secure:</h3><p>Always workout care when sharing personal and financial information online. Ensure that the on the internet casino you choose has correct protection steps in position to safeguard your data and think about making use of added protection steps such as two-factor authentication.</p><p>By following these pointers, you can boost your on-line gambling establishment experience and delight in the adventure of gaming in a secure and liable fashion.</p><p>In conclusion, Mastercard is a hassle-free and commonly approved payment technique at on-line gambling enterprises. By picking a trustworthy gambling establishment, complying with the steps to make a Mastercard down payment, and adhering to accountable gaming techniques, you can have a seamless and delightful gambling experience. Whether you are a high-roller or a laid-back gamer, utilizing Mastercard for on-line casino deposits supplies the safety, ease of access, and compensates that every gambler seeks.</p>]]></description><link>https://m.coinsnews.com/online-casinos-that-accept-mastercard-deposits-a-comprehensive-overview</link><guid>659614</guid><author>COINS NEWS</author><dc:content /><dc:text>Online Casinos That Accept Mastercard Deposits: A Comprehensive Overview</dc:text></item><item><title>The Benefits of Free Spins No Down Payment</title><description><![CDATA[<p>Free spins no deposit bonuses have become a preferred means for on the internet <a href="https://jogodofoguete.top/" rel="nofollow noopener">Jogo Do Foguete</a> casinos to bring in new gamers. These incentives offer gamers the chance to play port video games without having to make a deposit, giving them a chance to win genuine money with no financial risk. In this article, we will certainly explore the benefits of totally free spins no deposit and just how you can take advantage of these offers.</p><h2>What are Free Spins No Down Payment?</h2><p>Free spins no down payment is a kind of incentive that online gambling enterprises provide to new gamers. It permits gamers to spin the reels of a specific port video game without utilizing any one of their very own cash. The variety of cost-free rotates and the qualified port video game might differ depending upon the casino site.</p><p>This type of benefit is typically used as part of a welcome package to urge brand-new players to register. Some on-line gambling establishments may likewise provide free spins no deposit as a promo to keep existing gamers involved. Despite the factor, this perk gives gamers with the opportunity to win genuine money without risking their own funds.</p><p>To assert a cost-free rotates no deposit bonus, players typically need to produce an account at the online casino site. Some casino sites may require players to get in an incentive code during enrollment, while others instantly credit the totally free rotates to the gamer&#8217;s account. Once the free rotates are credited, players can start playing the qualified slot game and maintain any kind of payouts produced from the reward.</p><ul><li>Free spins no down payment bonus offers allow gamers to try port games without risking their own cash.</li><li>It provides an opportunity to win actual cash without making a down payment.</li><li>It allows players to familiarize themselves with the online gambling enterprise and its games.</li><li>It is a wonderful means for online casino sites to attract new gamers and keep existing ones engaged.</li></ul><p>Overall, free spins no down payment bonus offers provide players with a safe chance to discover online casino sites and possibly win real money.</p><h2>Tips for Maximizing Free Rotates No Deposit Rewards</h2><p>While cost-free rotates no down payment rewards are a wonderful means to delight in on-line slot games, there are a couple of tips to maximize your opportunities of winning and making the most of these perks.</p><p><strong>1. Read the Conditions:</strong> Before asserting any kind of totally free spins no down payment perk, it is very important to check out and recognize the conditions. Pay attention to the betting demands, optimum withdrawal limitations, and any type of various other limitations that might apply.</p><p><strong>2. Pick Games with High RTP:</strong> Look for port video games with a high Go back to Player (RTP) percentage. This shows the ordinary quantity of cash the game will certainly pay back to gamers gradually. Choosing video games with a greater RTP can enhance your possibilities of winning.</p><p><strong>3. Establish a Budget:</strong> It is always crucial to set a budget before having fun with any type of incentive provides. Select an amount you fit shedding and adhere to it. Free rotates no deposit incentives ought to be viewed as a possibility for fun and not as an ensured method to generate income.</p><p><strong>4. Make Use Of Advertisings:</strong> Along with totally free rotates no down payment incentives, on the internet casino sites usually provide various other promos and rewards. Watch out for these offers to optimize your having fun time and prospective profits.</p><h2>Final thought</h2><p>Free rotates no deposit incentives are an useful chance for players to attempt their good luck at on the internet slot video games without risking their own money. These benefits supply an amazing way to potentially win actual cash and discover various on the internet gambling establishments. By adhering to the ideas <a href="https://plinko-oyna.click/" rel="nofollow noopener">Plinko Oyna</a> pointed out in this write-up, you can maximize your possibilities of winning and make the most of these incentives. Keep in mind to always gamble sensibly and enjoy!</p>]]></description><link>https://m.coinsnews.com/the-benefits-of-free-spins-no-down-payment</link><guid>659615</guid><author>COINS NEWS</author><dc:content /><dc:text>The Benefits of Free Spins No Down Payment</dc:text></item><item><title>Mobile Online Casino: The Ultimate Guide to Betting on the move</title><description><![CDATA[<p>With the rapid improvement of technology, the betting sector has additionally accepted the electronic age, supplying online casino enthusiasts with the convenience of playing their preferred video games on their smart phones. Mobile casino sites have actually gained tremendous appeal recently, permitting gamers to take pleasure in the thrill and enjoyment of betting on the go. In this thorough overview, we will delve into the globe of mobile casino sites, discovering their functions, advantages, and every little thing you require to understand to boost your mobile gambling experience.</p><h2>What is a Mobile Casino?</h2><p>A mobile online casino refers to an on-line gambling enterprise platform that is particularly enhanced for mobile phones such as smartphones and tablets. These mobile-friendly online casinos supply a variety of casino site games, including ports, table games, live dealer games, and even sports wagering, allowing players to appreciate their favorite gambling tasks any place and whenever they want.</p><p>The mobile casino experience is made to replicate the adventure of playing in a land-based gambling enterprise, with top notch graphics, immersive audio effects, and smooth gameplay. Players can access these mobile online casinos via dedicated mobile applications or straight via their mobile internet browser, making it extremely convenient and accessible for gamblers on the move.</p><ul><li><strong>Benefits of Mobile Casinos:</strong></li></ul><p>1. Comfort: With mobile casino sites, gamers have the flexibility to appreciate their favored video games anytime and anywhere. Whether you&#8217;re travelling, waiting on an appointment, or merely relaxing in your home, you can access your mobile casino site and begin playing within secs.</p><p>2. Diversity of Games: Mobile gambling enterprises supply a vast range of video games, ranging from traditional slots to progressive rewards and live dealership games. Gamers can select from a selection of themes, functions, and wagering options, guaranteeing there is something for every sort of gamer.</p><p>3. Perks and Promotions: Mobile casino sites often give special bonuses and promotions for mobile individuals, compensating them for picking to play on their mobile devices. These bonuses can include free spins, down payment match benefits, and also no-deposit incentives, enhancing the general gaming experience.</p><p>4. Safety and security and Fairness: Reliable mobile casinos focus on gamer safety and security and carry out sophisticated safety measures to shield personal and monetary details. Additionally, these gambling establishments are licensed and controlled by trustworthy authorities, ensuring reasonable gameplay and dependable payouts.</p><h2>Just how to Pick a Mobile Casino Site:</h2><p>When it comes to choosing a mobile online casino, it&#8217;s important to consider certain aspects to make sure an ideal betting experience. Right here are some crucial aspects to take into consideration:</p><p>1. Licensing and Guideline: Try to find mobile gambling establishments that are qualified and regulated by reputable gaming authorities such as the UK Gaming Compensation or the Malta Video Gaming Authority. This makes certain that the gambling enterprise runs in compliance with stringent criteria and laws, promoting fair and responsible betting.</p><p>2. Game Choice: A good mobile online casino needs to use a varied choice of games from leading software program companies. Check for popular titles, such as slot video games from carriers like NetEnt and Microgaming, or live dealership video games from Development Video gaming.</p><p>3. Mobile Compatibility: Make Sure that the mobile online casino works with your gadget&#8217;s os, whether it&#8217;s iOS or Android. Ideally, the casino must supply both a dedicated application and a mobile-responsive internet site for smooth video gaming on different devices.</p><p>4. Settlement Options: Inspect <a href="https://casasdeapuestasfuerade-espana.top/" rel="nofollow noopener">Casas de apuestas fuera de españa</a> the offered payment methods to guarantee they are protected, convenient, and appropriate for your demands. The mobile casino site should sustain preferred choices such as credit/debit cards, e-wallets like PayPal or Skrill, and also cryptocurrencies like Bitcoin.</p><h2>Popular Mobile Gambling Enterprise Games:</h2><p>Mobile online casinos use a wide variety of games that accommodate various choices and playing designs. Below are some preferred games you can delight in on your smart phone:</p><ul><li><strong>Ports:</strong> Port games are the foundation of any kind of casino, and mobile gambling establishments are no exemption. From classic fruit machines to contemporary video clip slots with multiple paylines and perk features, players can enjoy a myriad of interesting slot <a href="https://apuestasonline-espana.top/" rel="nofollow noopener">Apuestas online</a> games on their mobile devices.</li><li><strong>Table Gamings:</strong> Mobile casino sites supply a range of traditional table games, including blackjack, live roulette, baccarat, and texas hold&#8217;em. These video games are enhanced for mobile play, providing a realistic and immersive gambling establishment experience on the small screen.</li><li><strong>Live Dealership Gamings:</strong> For a really authentic gambling establishment experience, mobile online casinos provide real-time supplier video games, where gamers can communicate with professional dealerships with live video clip streaming. Gamings like live blackjack, roulette, and casino poker bring the excitement of a land-based gambling enterprise straight to your mobile device.</li><li><strong>Sports Betting:</strong> Numerous mobile gambling establishments likewise consist of a sportsbook section, allowing players to bet on their favorite sporting activities occasions. From football and basketball to tennis and steed racing, sports betting on mobile phones has actually become incredibly preferred amongst gamblers.</li></ul><h2>Conclusion:</h2><p>Mobile casinos have actually transformed the gaming sector, offering players with a hassle-free and immersive betting experience on the move. With a variety of video games, special benefits, and boosted safety and security attributes, mobile gambling establishments have become the favored selection for many gambling enterprise lovers. Whether you&#8217;re a skilled gamer or brand-new to the globe of online gaming, mobile gambling establishments provide endless home entertainment and the possibility to win large, ideal within your reaches.</p><p>Discover the world of mobile casinos today and uncover the excitement that awaits!</p>]]></description><link>https://m.coinsnews.com/mobile-online-casino-the-ultimate-guide-to-betting-on-the-move</link><guid>659565</guid><author>COINS NEWS</author><dc:content /><dc:text>Mobile Online Casino: The Ultimate Guide to Betting on the move</dc:text></item><item><title>Exactly how to Obtain the Old Hellfire Amulet: A Guide to Getting This Effective Artefact</title><description><![CDATA[<p>Are you a traveler seeking to improve your powers in the magical realms? Look no further than the old Hellfire Amulet &#8211; an antique of enormous power and importance. This article will certainly lead you with the actions essential to get this desirable artefact, renowned for its capacity to let loose the fires of hell upon your adversaries. Prepare yourself for an epic trip as we delve into the tricks of getting the old Hellfire Amulet.</p><h2>The Beginning and Importance of the Old Hellfire Amulet</h2><p>The old Hellfire Amulet has a rich background rooted in the depths of darkness. Attached to the really significance of hellfire, it is stated to have been created by demonic forces in the intense depths of the abyss. Legends tell of its power to harness the infernal fires, approving the wearer unbelievable toughness and capabilities.</p><p>The amulet&#8217;s relevance expands beyond its damaging capacity. It is believed to be a secret that unlocks surprise realms as well as gives accessibility to mystical knowledge. Numerous scholars and travelers have actually sought this artifact not just for its raw power however also for the secrets it holds.</p><p>This potent relic has actually caught the interest of many individuals, both virtuous as well as malicious, throughout history. It has actually been a stimulant for great battles and zero hours in the battle between excellent and wicked. Now, it&#8217;s your turn to start a pursuit to claim the ancient Hellfire Amulet on your own.</p><h2>The Quest Starts: Unwinding the Secret</h2><p>The primary step on your journey to obtain the ancient Hellfire Amulet is to explore the many archives as well as collections throughout the realms. Seek ancient messages, scrolls, and inscriptions that might clarify the whereabouts of this evasive artefact. Talk to knowledgeable sages and also experts in arcane tradition to gather information regarding its possible locations.</p><p>As you uncover concealed clues as well as understand cryptic messages, you might come across discusses of long-forgotten routines or tests required to show your worth. Be prepared to embark on perilous jobs and also face magnificent foes in your pursuit of this transcendent artifact.</p><p>In your search, you will come across different people that have pieces of understanding essential to your quest. Diplomacy, settlement, and also even bribery might enter play as you make every effort to get the trust of these vital numbers. Remember, every action you take brings you closer to opening the keys of the ancient Hellfire Amulet.</p><h2>The Trials: Verifying Your Merit</h2><p>As legends recommend, the old Hellfire Amulet demands more than plain determination to acquire. It calls for the completion of a series of trials that evaluate your toughness, wit, as well as resolution. These tests may differ in nature, varying from fixing intricate puzzles to showing your battle prowess versus formidable adversaries.</p><p>Prepare on your own both physically and also mentally for these obstacles. Train rigorously, sharpen your combat skills, as well as expand your knowledge of old tradition. Look for advisors and also fitness instructors who can direct you in understanding the arts of fight, magic, and manipulation of important forces.</p><p>Each trial conquered brings you closer to proving your merit and being regarded capable of taking advantage of the power of the old Hellfire Amulet. Bear in mind, perseverance and also durability are critical merits in your course to achieving this artefact.</p><h2>Browsing the Labyrinths: Looking For the Amulet</h2><p>The last of your quest entails venturing right into treacherous mazes as well as concealed refuges, rumored to be the relaxing places of the old Hellfire Amulet. These below ground frameworks are shielded by ancient guardians and shrewd catches, designed to hinder unworthy candidates.</p><p>Furnish yourself with effective artifacts as well as allies to help you in your exploration. Seek enchanted tools, protective charms, and powerful potions to bolster your possibilities of survival. Put together a team of trustworthy friends that bring diverse skills to the table, making sure a higher chance of success in your venture.</p><ul><li>Look the labyrinths carefully, leaving no rock unturned. Expect concealed passages, concealed buttons, as well as cryptic symbols that may expose the means onward. Count on your impulses and also instinct as you browse these ruthless mazes.</li><li>Anticipate to come across fearful adversaries safeguarding the amulet&#8217;s relaxing area. Engage them tactically, utilizing your built up expertise and honed skills. Study their weak points as well as exploit them to acquire the edge in combat.</li><li>Finally, when you reach the innermost chambers, be prepared for the ultimate obstacle. This is where the true test of your capabilities waits for. Face the final guardians and get rid <a href="https://cardiotoncaps.top/" rel="nofollow noopener">cardioton caps in 2290 price in india</a> of any obstacles that stand between you as well as the old Hellfire Amulet.</li></ul><p>Bear in mind, perseverance, guts, and also steady resolution are the characteristics of those that have actually successfully asserted the ancient Hellfire Amulet. Victory over the challenges that lie in advance, as well as the power of this fabulous artefact will certainly be your own to possess.</p><h2>Unleashing the Power of the Ancient Hellfire Amulet</h2><p>Having actually efficiently acquired the old Hellfire Amulet, you currently possess a source of unthinkable power. This artefact has the potential to reshape your fate as well as alter the course of background. However, with such power comes obligation.</p><p>Put in the time to research as well as understand the amulet&#8217;s intricacies. Experiment with its abilities and discover how to harness its complete potential. Beware of the temptations that come with possessing such power and make certain that your objectives hold and just.</p><h3>Verdict</h3><p>The journey to acquire the ancient Hellfire Amulet is except the faint of heart. It calls for fantastic commitment, ability, as well as steadfast resolution. Yet, for those who prosper, the benefits are countless. The power as well as expertise presented by this fabulous artefact can transform the training course of one&#8217;s destiny.</p><p>If you are ready to start an epic quest, set your sights on obtaining the ancient Hellfire Amulet. Accept <a href="https://glucoactive.top/" rel="nofollow noopener">thuốc glucoactive có tốt không</a> the challenges, overcome the tests, and also unlock real capacity that lies within you. Will you rise to the celebration and also case your area among the tales?</p>]]></description><link>https://m.coinsnews.com/exactly-how-to-obtain-the-old-hellfire-amulet-a-guide-to-getting-this-effective-artefact</link><guid>659566</guid><author>COINS NEWS</author><dc:content /><dc:text>Exactly how to Obtain the Old Hellfire Amulet: A Guide to Getting This Effective Artefact</dc:text></item><item><title>When to Beginning Birth Control Pills: A Comprehensive Guide</title><description><![CDATA[<p>Deciding to start taking birth control is a vital and personal decision that can have a significant impact on your reproductive health. With numerous choices offered, it&#8217;s crucial to understand when to start taking contraceptive pill and the aspects to consider while making this choice. In this extensive guide, we will stroll you via the different elements to assist you make an informed option.</p><h2>Comprehending Contraceptive Pill</h2><p>Contraceptive pill, typically referred to as oral contraceptive pills, are hormonal medications developed to avoid maternity. These tablets include synthetic versions of the hormones estrogen and also progesterone, which regulate the menstruation as well as protect against ovulation.</p><p>When taken correctly, birth control pills are highly reliable in protecting against pregnancy and also offer fringe benefits such as lowering menstruation pains, <a href="https://depanten-gel.top/" rel="nofollow noopener">depanten gél vélemények</a> taking care of acne, and minimizing the threat of particular cancers cells.</p><p>Prior to starting contraceptive pill, it&#8217;s necessary to speak with a medical care expert that can aid figure out one of the most appropriate choice for you based upon your case history, way of life, as well as individual preferences.</p><ul><li><strong>Integrated Contraceptive Pills:</strong> These tablets consist of both estrogen and also progestin and also are one of the most commonly prescribed kind of contraceptive pill.</li><li><strong>Progestin-Only Tablets:</strong> Also known as mini-pills, these pills just contain progestin and also are usually advised for individuals who can not take estrogen.</li></ul><p>Besides the type of pill, there are different formulas available in the market, varying in hormone composition and also dosages. This is why speaking with a healthcare professional is essential to discovering the most appropriate contraceptive pill for your demands.</p><h2>Selecting the Correct Time to Beginning</h2><p>When it involves selecting <a href="https://oculax-ro.top/" rel="nofollow noopener">oculax prospect</a> the right time to start birth control pills, there are a number of aspects to think about. It is necessary to understand that the right time may vary depending on your individual scenarios as well as contraceptive goals.</p><p>Below are some usual scenarios to aid you establish when to begin taking contraceptive pill:</p><p><strong>Beginning for Birth Control Usage:</strong></p><p>If your primary goal is to avoid maternity, it&#8217;s typically suggested to begin taking birth control pills on the initial day of your menstruation. This makes sure instant contraceptive effectiveness. Additionally, you can start taking the pills within five days of the start of your duration, however added contraceptive methods should be utilized for the very first seven days.</p><p><strong>Beginning for Non-Contraceptive Benefits:</strong></p><p>Contraceptive pill use several non-contraceptive advantages, such as managing menstruation symptoms, minimizing acne, or minimizing polycystic ovary syndrome (PCOS) signs and symptoms. In such cases, your health care professional might encourage you to begin taking birth control pills at any time throughout your menstrual cycle, even if you are not menstruating, as the key objective is to resolve these symptoms.</p><p><strong>Changing from Another Contraception Method:</strong></p><p>If you are switching from another type of contraception, such as condoms, an intrauterine device (IUD), or the contraceptive spot, consult with your health care expert to determine the very best time to change to contraceptive pill. In some cases, it might be recommended to begin instantly, while in others, you may require to wait until your following menstrual cycle.</p><p><strong>Postpartum and also Post-Abortion:</strong></p><p>If you have just recently given birth or undertaken an abortion, the timing of beginning contraceptive pill might differ. It&#8217;s important to consult with your health care expert to establish one of the most suitable time based on your particular circumstances.</p><h2>Factors to consider as well as Preventative measures</h2><p>Before starting contraceptive pill, it&#8217;s crucial to maintain the following factors to consider as well as precautions in mind:</p><ul><li><strong>Health History:</strong> Your healthcare specialist will examine your medical history to guarantee that birth control pills are a risk-free option for you. Particular medical problems or drugs may interfere with the performance or safety and security of birth control pills.</li><li><strong>Adverse effects:</strong> Birth control pills may create negative effects, such as queasiness, breast inflammation, or state of mind changes. These signs generally subside within a few months, yet if they persist or intensify, consult with your health care specialist.</li><li><strong>Performance:</strong> Contraceptive pill are extremely reliable when taken correctly, yet ideal adherence is needed. Missing out on pills or taking them at irregular times can minimize their efficacy. It&#8217;s crucial to comply with the instructions given by your health care specialist or the tablet producer.</li><li><strong>Interactions with Various Other Medicines:</strong> Particular medications, such as anti-biotics or anticonvulsants, can connect with contraceptive pill as well as lower their effectiveness. Talk about any medicines you are presently taking with your health care expert.</li></ul><h2>Final thought</h2><p>Choosing the right time to begin contraceptive pill is an individual decision that should be made in appointment with a healthcare specialist. Comprehending your contraceptive goals, taking into consideration non-contraceptive benefits, and also considering private circumstances will aid you make an informed choice. Keep in mind to adhere to the directions offered by your medical care professional or the tablet producer to make certain the optimum effectiveness of birth control pills. Your reproductive wellness is very important, and also beginning birth control pills at the right time can play an essential role in preserving it.</p><p>Please note: The information provided in this article is for educational functions just and must not be thought about as clinical guidance. Seek advice from a health care specialist for personalized assistance concerning your details situation.</p>]]></description><link>https://m.coinsnews.com/when-to-beginning-birth-control-pills-a-comprehensive-guide</link><guid>659567</guid><author>COINS NEWS</author><dc:content /><dc:text>When to Beginning Birth Control Pills: A Comprehensive Guide</dc:text></item><item><title>The Ease and Protection of Using Mastercard for Online Gambling Establishments</title><description><![CDATA[<p>On the internet gambling has ended up being progressively popular in recent times, with countless gamers appreciating the excitement of playing their favored online casino games from the comfort of their own homes. Among the most important factors to consider when picking an on the internet gambling establishment is the readily available settlement alternatives. Mastercard, a popular and relied on payment method, has gotten appeal amongst players as a result of its benefit and safety. In this short article, we will check out why Mastercard is a recommended selection for online casino gamers and exactly how it improves the overall betting experience.</p><h2>The Advantages of Utilizing Mastercard for Online Casino Sites</h2><p>1. Commonly Accepted: Mastercard is accepted by the majority of on-line gambling establishments, making it a hassle-free choice for players. Whether you are playing at a well-established gambling establishment or a brand-new online system, the chances are high that Mastercard will be approved as a repayment approach. This prevalent acceptance permits players to <a href="https://tenniswettenbonus.top/" rel="nofollow noopener">Tennis wetten bonus</a> have even more choices and flexibility when picking their favored on the internet gambling establishment.</p><p>2. Quick and Easy Deposits: One of the main advantages of making use of Mastercard for on-line gambling establishments is the ease <a href="https://internetwettenbonus.click/" rel="nofollow noopener">Internet wetten bonus</a> and speed of making deposits. The procedure is uncomplicated, calling for only the entry of the card information and the preferred down payment amount. Most of the times, the funds are instantly offered in the gamer&#8217;s casino account, permitting them to start playing their favorite video games without delay.</p><p>3. Protect Deals: Mastercard is understood for its rigorous security procedures, making certain that players&#8217; economic details is shielded. On-line casinos that approve Mastercard execute industry-standard protection protocols to protect their gamers&#8217; sensitive data. This includes file encryption innovation and advanced fraud discovery systems, supplying peace of mind for gamers when making deals online.</p><p>4. High Withdrawal Purviews: When it concerns taking out profits from an on the internet gambling establishment, Mastercard offers high withdrawal restrictions, enabling players to squander bigger amounts of cash. This is particularly beneficial for high-rollers and gamers that enjoy having fun with bigger wagers. The high withdrawal restricts given by Mastercard give gamers greater versatility and comfort.</p><ul><li>5. Incentives and Benefits: Several Mastercard individuals can make the most of various benefits and benefits offered by the settlement company. These can consist of cashback on acquisitions or exclusive price cuts on traveling and home entertainment. By utilizing Mastercard for on-line casino transactions, players can potentially gain extra benefits, enhancing their general betting experience.</li></ul><h2>Exactly How to Utilize Mastercard for Online Gambling Establishment Deals</h2><p>Making use of Mastercard for on-line casino deals is a straightforward process. Right here&#8217;s a detailed overview to assist you begin:</p><p>1. Pick an Online Online Casino: Select a reliable online gambling enterprise that accepts Mastercard as a payment approach. Ensure that the gambling establishment is certified and controlled to guarantee a safe and reasonable betting experience.</p><p>2. Develop an Account: Sign up for an account at the picked online casino. This normally involves providing fundamental individual info and producing a username and password.</p><p>3. Access the Cashier: Once visited to your gambling enterprise account, navigate to the cashier section. Below, you will find the readily available repayment choices for down payments and withdrawals.</p><p>4. Select Mastercard: Pick Mastercard as your recommended repayment approach for making a deposit. Go into the required card details, consisting of the card number, expiry date, and CVV code.</p><p>5. Go Into Down Payment Quantity: Define the quantity you want to transfer into your casino account. Guarantee that you are within the online casino&#8217;s minimum and optimum deposit restrictions.</p><p>6. Confirm the Transaction: Evaluation the gotten in details and confirm the down payment. In many cases, the funds will be immediately attributed to your casino site account, allowing you to start playing instantly.</p><p>7. Withdraw Earnings: When it comes time to withdraw your profits, browse to the cashier section once again. Select Mastercard as your favored withdrawal approach and enter the inquired. The withdrawal process may take a little longer than deposits due to added security checks and verification procedures.</p><p>8. Appreciate Your Earnings: Once the withdrawal is refined and authorized, the funds will certainly be moved back to your Mastercard account. You can after that make use of these funds for additional online purchases or withdraw them from an atm machine.</p><h2>Final thought</h2><p>Mastercard is a trusted and reliable payment approach that enhances the ease and safety and security of dipping into on the internet gambling establishments. With its widespread approval, quick down payments, and high withdrawal limitations, Mastercard provides players with a seamless betting experience. By selecting online gambling establishments that approve Mastercard, players can enjoy the adventure of their favorite gambling establishment games with the assurance of protected and problem-free purchases. So, whether you are a seasoned casino player or brand-new to on the internet casinos, take into consideration using Mastercard for a smooth and delightful gambling trip.</p><p>Disclaimer: Gaming includes danger and might be addictive. Please wager responsibly. The details provided in this short article is for informational objectives only and need to not be taken into consideration legal or economic suggestions.</p>]]></description><link>https://m.coinsnews.com/the-ease-and-protection-of-using-mastercard-for-online-gambling-establishments</link><guid>659568</guid><author>COINS NEWS</author><dc:content /><dc:text>The Ease and Protection of Using Mastercard for Online Gambling Establishments</dc:text></item><item><title>Top Neteller Gambling Establishments: The Ultimate Guide for Online Gamblers</title><description><![CDATA[<p>Are you an on-line gambling establishment lover searching for the best casino sit <a href="https://1xbet-us.click/" rel="nofollow noopener">1xbet</a>es that approve Neteller as a repayment method? Look no more! In this extensive overview, we will check out the leading Neteller casino sites offered in the online betting market. Whether you are a skilled gamer or a novice, we have got you covered with all the essential details you need. From the benefits of utilizing Neteller to one of the most respectable casino sites that accept this payment approach, let&#8217;s dive right in!</p><h2>The Benefits of Utilizing Neteller at Online Casinos</h2><p>Prior to delving right into the details of the top Neteller online casinos, let&#8217;s comprehend why this e-wallet deserves your focus. Neteller is a commonly identified digital settlement platform that provides various benefits to on-line gamblers:</p><ul><li><strong>Safety and security:</strong> Neteller provides advanced safety actions, including SSL encryption and two-factor verification, to guarantee that your purchases and individual information continue to be secure.</li><li><strong>Speedy Transactions:</strong> With Neteller, deposits and withdrawals are processed practically instantly. This implies you can begin playing your preferred gambling enterprise games with no delays.</li><li><strong>International Accessibility:</strong> Neteller is approved in countless countries worldwide, making it a hassle-free alternative for global players.</li><li><strong>Variety of Gamings:</strong> Neteller online casinos boast an extensive option of video games, including slots, table games, live dealer video games, and much more, making certain that every player finds something to match their choices.</li><li><strong>Charitable Bonus Offers:</strong> Several online casinos supply special promos and perks to gamers who make use of Neteller as their preferred payment method. These bonus offers can improve your overall video gaming experience and increase your possibilities of winning large.</li><li><strong>Easy Account Arrangement:</strong> Setting up a Neteller account is a simple and simple process. 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Sed rest amet leo a/c justo feugiat condimentum. Vivamus eget malesuada turpis. Nunc urna elit, pulvinar nec metus eu, sodales fermentum nunc.</p><p><strong>4. Gambling enterprise Name:</strong> Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed sit amet <a href="https://odiniks-bet.top/" rel="nofollow noopener">один икс бет</a> leo air conditioner justo feugiat condimentum. Vivamus eget malesuada turpis. Nunc urna elit, pulvinar nec metus eu, sodales fermentum nunc.</p><h2>How to Choose the most effective Neteller Gambling Establishment for You</h2><p>Selecting the ideal Neteller online casino can be overwhelming, taking into consideration the large choices offered. Here are some aspects to think about when making your choice:</p><ul><li><strong>Reputation and Licensing:</strong> Make sure that the online casino you pick is respectable and holds a legitimate betting certificate. This guarantees a reasonable and secure pc gaming environment.</li><li><strong>Game Choice:</strong> Search for an online casino that provides a wide variety of games, including your preferred ports, table games, and live dealership choices.</li><li><strong>Benefits and Promotions:</strong> Check for appealing bonuses and promos used by the gambling establishment. These can significantly improve your pc gaming experience and potentially enhance your winnings.</li><li><strong>Payment Techniques:</strong> Apart from Neteller, guarantee that the online casino supports other convenient and relied on settlement techniques that fit your choices.</li><li><strong>Client Support:</strong> A trusted and responsive customer support team is crucial in instance you come across any type of issues or have inquiries during your video gaming experience.</li></ul><h2>Verdict</h2><p>In recap, Neteller online casinos supply a safe and efficient settlement approach for on the internet casino players. The advantages of using Neteller, such as enhanced safety and security, quick deals, and global availability, make it a leading choice for gamers worldwide. By choosing one of the suggested Neteller online casinos and considering important elements like track record, video game selection, and incentives, you can appreciate a thrilling and satisfying online betting experience. Satisfied video gaming!</p>]]></description><link>https://m.coinsnews.com/top-neteller-gambling-establishments-the-ultimate-guide-for-online-gamblers</link><guid>659569</guid><author>COINS NEWS</author><dc:content /><dc:text>Top Neteller Gambling Establishments: The Ultimate Guide for Online Gamblers</dc:text></item><item><title>Free Port Gamings Offline: An Overview to Appreciating Casino Slot Machines Without a Net Connection</title><description><![CDATA[<p>Slot games are one of the most preferred forms of casino enjoyment, supplying gamers with thrilling gameplay and the possibility to win big. Typically, fruit machine were just available in land-based gambling establishments. Nonetheless, with the rise of online betting <a href="https://1xbet-vhod.online/" rel="nofollow noopener">1xbet вход</a>, gamers can currently appreciate these games from the convenience of their very own homes. But suppose you discover on your own without a web connection? Do not fret! In this article, we will explore the world of totally free port video games offline, enabling you to proceed playing your preferred casino slots even when offline.</p><h2>What are Cost-free Port Gamings Offline?</h2><p>Free slot games offline are gambling enterprise slots that can be played without a net connection. Unlike online slots, which require a stable internet connection to function, these offline games can be taken pleasure in anytime, anywhere, even in remote locations or locations with poor connection. They are designed to provide a satisfying pc gaming experience without the requirement for an active internet connection.</p><p>These offline slot video games are generally offered as downloadable applications that can be installed on your computer system, smart device, or tablet computer. Once you have downloaded and install and set up the video game, you can play it without being attached to the net. This makes them perfect for situations where you have actually restricted or no access to the internet however still intend to delight in some casino slot activity.</p><p>It deserves keeping in mind that while the games can be played offline, they are not real money video games. You won&#8217;t have the ability to win or lose any kind of actual money while playing these totally free slot games offline. Rather, they are totally for amusement objectives and permit you to experience the thrill of playing slots with no monetary threat.</p><h2>Benefits of Playing Free Port Gamings Offline</h2><p>Playing free slot video games offline deals numerous advantages for gambling enterprise enthusiasts. Below are a few reasons you could wish to consider providing these games a shot:</p><ul><li><strong>1. Availability:</strong> With offline slot games, you can play anytime, anywhere, regardless of your web connection. Whether you get on a long flight, commuting on public transport, or merely loosening up at home, you can enjoy your favored slot video games without any interruptions.</li><li><strong>2. No Internet Costs:</strong> Playing offline methods you do not need to worry about data charges or Wi-Fi prices. When you&#8217;ve downloaded and install the game, you can play it as much as you want without incurring any kind of added costs.</li><li><strong>3. Technique and Orientation:</strong> Offline slot games give an excellent opportunity to practice and familiarize yourself with different vending machine and their functions. This can be particularly valuable for novices who wish to get self-confidence before betting actual cash.</li><li><strong>4. No Disturbances:</strong> When playing offline, you can focus exclusively on the game with no distractions from alerts or pop-up ads. This enables a more immersive and pleasurable pc gaming experience.</li></ul><h2>Popular Free Port Gamings Offline</h2><p>There are countless totally free port games available offline, supplying a vast array of styles, functions, and gameplay designs. Right here are several of one of the most popular titles you can enjoy without a net connection:</p><ul><li><strong>1. Cleopatra:</strong> Step into Old Egypt and discover covert prizes in this timeless port game. With its iconic Egyptian signs and rewarding reward functions, Cleopatra is a favored among slot lovers.</li><li><strong>2. Wheel of Ton Of Money:</strong> Based on the popular TV program, Wheel of Lot of money supplies exciting gameplay and the opportunity to win large rewards. Rotate the wheel and see where it lands!</li><li><strong>3. Buffalo:</strong> Get a preference of bush West with Buffalo, a port video game featuring impressive animals and profitable free <a href="https://1xbetsayt.top/" rel="nofollow noopener">1xbet сайт</a> rotates. Watch out for the stampeding buffalo for large success!</li><li><strong>4. Zeus:</strong> Go into the globe of Greek mythology with Zeus, a slot video game that lets you experience the power of the gods. Trigger the lightning bolt function for impressive wins!</li><li><strong>5. Syndicate:</strong> Experience the classic board game with Syndicate slot games. Get buildings, gather rent, and rotate the reels to build your empire.</li></ul><h2>Exactly How to Download And Install Free Slot Gamings Offline</h2><p>Downloading totally free slot video games offline is a basic procedure that enables you to gain access to and appreciate these games on your device without a web link. Below&#8217;s how you can do it:</p><ol><li><strong>1. Pick a Trusted Source:</strong> Look for credible internet sites or app stores that offer totally free offline slot video games. Make sure that the source is reliable and supplies safe and secure downloads.</li><li><strong>2. Select Your Game:</strong> Browse through the available alternatives and pick the slot game you wish to download. Consider aspects such as style, functions, and examines to find a video game that fits your preferences.</li><li><strong>3. Download and Set Up:</strong> Click the download button or adhere to the instructions provided to download the game onto your device. As soon as the download is complete, mount the video game by following the on-screen triggers.</li><li><strong>4. Enjoy Offline Video Gaming:</strong> Once the installment is full, you can release the video game and begin playing without an internet link. Explore the numerous functions and appreciate the immersive gameplay used by these offline port games.</li></ol><h2>Verdict</h2><p>Free slot games offline supply an outstanding opportunity for casino site enthusiasts to appreciate their preferred vending machine without the need for a net connection. Whether you&#8217;re looking to waste time during a long journey or merely wish to delight in some gambling enterprise video gaming in the house, these offline video games use comfort, ease of access, and the excitement of slot gameplay. Keep in mind to select trusted sources for downloading and install these games and constantly play sensibly. So go ahead, download your favored offline port game, and let the reels spin!</p>]]></description><link>https://m.coinsnews.com/free-port-gamings-offline-an-overview-to-appreciating-casino-slot-machines-without-a-net-connection</link><guid>659570</guid><author>COINS NEWS</author><dc:content /><dc:text>Free Port Gamings Offline: An Overview to Appreciating Casino Slot Machines Without a Net Connection</dc:text></item><item><title>No Deposit Online Casino: Everything You Required to Know</title><description><![CDATA[<p>Welcome to the globe of online casino sites, where the excitement of betting meets the comfort of the net. One of one of the most tempting offers you&#8217;ll discover is the concept of a &#8220;no down payment gambling enterprise.&#8221; In this post, we will certainly take a comprehensive consider what a no down payment casino is, just how it functions, and whether it&#8217;s worth your time and money.</p><p>Before diving into the information, it&#8217;s important to comprehend the essentials. A no deposit online casino is essentially an on the internet gambling system that allows you to play video games without needing you to transfer any one of your very own money. It&#8217;s a way for gamers to check out the online casino and its offerings with no monetary risk.</p><h2>How Does a No Down Payment Gambling Establishment Job?</h2><p>When you discover a no deposit gambling establishment, you might wonder exactly how they can afford to distribute totally free cash. The answer depends on their advertising and marketing approach. These casinos utilize no down payment perks as a way to attract brand-new gamers and motivate them to sign up for an account.</p><p>A no down payment perk generally can be found in the kind of complimentary rotates or free bonus offer cash money. Once you join, the gambling enterprise will attribute your account with the incentive, permitting you to begin playing right now. However, it is necessary to note that there are generally conditions connected to these incentives, such as wagering needs and optimum withdrawal limits.</p><p>Betting demands are the variety of times you need to play through the benefit amount before you can withdraw any kind of payouts. As an example, if you obtain a $10 bonus offer with a 20x betting requirement, you would require to bet $200 before you can cash out. Optimum withdrawal limitations, on the other hand, set a cap on the quantity you can take out from your earnings. It&#8217;s essential to review and understand these terms to <a href="https://1xbetappdownloadforandroid.top/" rel="nofollow noopener">1xbet app download for android</a> take advantage of your no down payment benefit.</p><h2>Are No Down Payment Gambling Enterprises Worth It?</h2><p>Now that you know just how a no down payment casino site functions, the concern emerges: are they worth your time and effort? The answer depends upon your individual choices and goals.</p><p>For newbies and those that are brand-new to online betting, a no deposit casino can be an exceptional opportunity to check out different video games and obtain a feeling for the on the internet gambling establishment experience without risking your own money. It permits you to learn the ropes, understand the regulations, and create approaches prior to diving right into real-money gaming.</p><p>Also for experienced players, a no deposit gambling enterprise can be a terrific means to try out a new platform or game with no economic commitment. It offers a risk-free environment to examine the waters and determine if the online casino fulfills your expectations.</p><ul><li>Accessibility to a variety of gambling enterprise games</li><li>Possibility to win real cash without making a down payment</li><li>Opportunity to check out different systems and video game suppliers</li><li>No economic risk included</li></ul><p>However, it is necessary to approach no deposit casinos with practical expectations. While it&#8217;s possible to win actual cash without making a down payment, the possibilities of hitting an enormous pot are reasonably low. The main purpose of these bonus offers is to provide you a preference of the casino site&#8217;s offerings and entice you to end up being a regular gamer, rather than to make you a millionaire overnight.</p><h2>Just how to Locate the Best No Down Payment Casinos</h2><p>With many on-line gambling establishments offering no down payment bonuses, it can be overwhelming to choose the appropriate one. Right here are some elements to consider when looking for the best no down payment online casinos:</p><ul><li>Credibility and Credibility: Make sure that the gambling enterprise is certified and controlled by a reliable video gaming authority.</li><li>Video Game Option: Seek a wide range of video games from reputable software program service providers.</li><li>Bonus Offer Terms and Conditions: Review the conditions thoroughly to understand the betting requirements and withdrawal restrictions.</li><li>Customer Assistance: Check if the casino site offers reputable consumer support through online chat, e-mail, or phone.</li><li>Player Reviews: Review reviews from various other gamers to evaluate their experiences with the casino site.</li></ul><h2>Conclusion</h2><p>A no deposit casino supplies an interesting opportunity to experience on the internet betting without any financial danger. Whether you&#8217;re a beginner or a knowledgeable player, these bonus offers can give a possibility to explore various video games and platforms while giving you a chance at winning <a href="https://1xbetkh.top/" rel="nofollow noopener">1xbet</a> genuine cash. Nevertheless, it is very important to comprehend the terms and conditions connected with these bonuses and approach them with reasonable assumptions. By considering the factors pointed out above, you can find the very best no deposit casino sites that match your choices and delight in the awesome world of on-line gambling.</p><h3>Please note:</h3><p>The details supplied in this short article is for informational objectives only. On-line gaming might be subject to legal limitations in your jurisdiction. Please guarantee you understand and comply with all applicable laws before engaging in any on-line gaming tasks.</p><p>Keep in mind to wager properly and look for help if you really feel that your gaming routines are becoming bothersome.</p>]]></description><link>https://m.coinsnews.com/no-deposit-online-casino-everything-you-required-to-know</link><guid>659571</guid><author>COINS NEWS</author><dc:content /><dc:text>No Deposit Online Casino: Everything You Required to Know</dc:text></item><item><title>The Rise of Online Casino Sites that Approve PayPal</title><description><![CDATA[<p>Over the past years, the on the internet gaming sector has actually experienced remarkable growth, with numerous gamers looking for convenient and protected methods to enjoy their favored online casino video games from the comfort of their homes. Along with this growth, <a href="https://1xbetyukle.top/" rel="nofollow noopener">1xbet yukle</a> the appeal of PayPal as a settlement technique has also skyrocketed. With its solid credibility for security and ease of use, PayPal has actually become a favored choice for on-line purchases, consisting of those within the on the internet gambling establishment sector. In this write-up, we will discover the benefits of making use of PayPal in online gambling establishments and supply you with a thorough checklist of the top online casinos that accept PayPal.</p><h2>Why Choose PayPal for Online Online Casino Payments?</h2><p>PayPal, founded in 1998, promptly emerged as among the leading digital settlement systems on the planet. Its popularity stems from numerous key variables:</p><ul><li><strong>Security:</strong> PayPal makes use of modern file encryption innovation, making certain that your individual and monetary details is kept safe and secure.</li><li><strong>Benefit:</strong> Developing a PayPal account is simple and can be done within minutes. When you have an account, making down payments and withdrawals at on the internet gambling establishments is quick and easy.</li><li><strong>Personal privacy:</strong> When using PayPal, the on-line casino site just sees your PayPal email address and not your bank <a href="https://1xbetelegal.top/" rel="nofollow noopener">1xbet é legal</a>ing info, providing an extra layer of privacy and protection.</li><li><strong>Worldwide Schedule:</strong> PayPal is approved in over 200 countries and supports purchases in several currencies, making it a feasible option for players worldwide.</li><li><strong>Quick Withdrawals:</strong> With PayPal, you can expect faster withdrawal processing times contrasted to other payment methods, permitting you to access your earnings earlier.</li></ul><h2>The Best PayPal Gambling Establishments Online</h2><p>Since you recognize the benefits of making use of PayPal in on-line gambling establishments, let&#8217;s discover several of the most effective options available:</p><p><strong>1. Gambling establishment A:</strong> Gambling enterprise A is a reliable online gambling enterprise that uses a wide range of games, eye-catching benefits, and smooth PayPal assimilation. With its easy to use user interface and protected settlement processing, Online casino An assures a superior video gaming experience.</p><p><strong>2. Gambling establishment B:</strong> Casino site B stands out for its generous welcome bonus offers and recurring promotions. This PayPal casino site supplies a comprehensive choice of games from leading software carriers, guaranteeing both selection and top quality.</p><p><strong>3. Casino site C:</strong> Casino C is understood for its extraordinary customer support and dedication to gamer satisfaction. With its intuitive interface and mobile compatibility, Gambling enterprise C enables you to appreciate your favored video games on the go, all while taking advantage of PayPal&#8217;s safe and secure repayment system.</p><h2>Exactly How to Get Going with PayPal and Online Online Casinos</h2><p>If you prepare to sign up with the globe of on the internet gambling establishments that accept PayPal, comply with these simple actions to get going:</p><ul><li><strong>Develop a PayPal Account:</strong> Go to the PayPal website and enroll in a totally free account. Give the essential information, including your email address and a secure password.</li><li><strong>Confirm Your Account:</strong> When you have actually created your PayPal account, you&#8217;ll require to confirm it by connecting it to your savings account or bank card. This action aids make sure the security and honesty of your deals.</li><li><strong>Pick a PayPal Casino:</strong> Select among the reliable online casino sites that approve PayPal from our advised checklist over.</li><li><strong>Develop an Account at the Casino:</strong> Join at your chosen casino by supplying the called for info, such as your name, email address, and day of birth. You may need to supply extra verification records to adhere to the gambling enterprise&#8217;s safety procedures.</li><li><strong>Make a Down payment:</strong> When your gambling enterprise account is set up, navigate to the cashier or banking web page and select PayPal as your recommended payment method. Get in the wanted deposit amount and adhere to the triggers to finish the purchase.</li><li><strong>Start Playing:</strong> With your funds successfully transferred, you&#8217;re now ready to discover the large selection of video games used by the on the internet gambling enterprise. Enjoy your video gaming experience and make sure to play sensibly.</li><li><strong>Withdraw Your Payouts:</strong> When you prepare to squander your profits, browse back to the casino site&#8217;s cashier or financial web page and pick PayPal as your withdrawal technique. Comply with the instructions to complete the withdrawal demand, and your funds will certainly be transferred to your PayPal account.</li></ul><h2>To conclude</h2><p>PayPal has actually transformed the method we make on the internet payments, and its integration into the online casino industry has offered gamers with a safe and secure and convenient approach for transferring and withdrawing funds. With its global schedule and reputation for excellence, PayPal provides peace of mind to gamers seeking a relied on payment service. If you&#8217;re ready to submerse yourself in the world of on-line casino sites, take into consideration joining one of the reliable PayPal gambling enterprises mentioned above, and experience the excitement of on the internet gaming with self-confidence.</p>]]></description><link>https://m.coinsnews.com/the-rise-of-online-casino-sites-that-approve-paypal</link><guid>659572</guid><author>COINS NEWS</author><dc:content /><dc:text>The Rise of Online Casino Sites that Approve PayPal</dc:text></item><item><title>No Deposit Reward Codes: What You Need to Know</title><description><![CDATA[<p>If you&#8217;re a passionate online casino gamer, you have actually most likely encountered the term &#8220;no deposit benefit codes&#8221; at some point. These codes can be a fantastic means to delight in complimentary online casino video games and possibly win genuine cash without <a href="https://1xbetmalaysia.top/" rel="nofollow noopener">1xbet</a> needing to make <a href="https://1xbetapp-lk.top/" rel="nofollow noopener">1xbet app</a> a deposit. In this post, we&#8217;ll explore the world of no deposit perk codes and provide you with all the information you need to understand.</p><p>So, just what are no down payment reward codes? In straightforward terms, they are special codes that on the internet gambling establishments offer to new or existing players, enabling them to access certain perks without needing any kind of down payment. These codes usually need to be entered throughout the registration procedure or in the cashier section of the online casino internet site.</p><h2>Just how Do No Down Payment Benefit Codes Work?</h2><p>No down payment bonus codes work by giving players with a set quantity of perk funds or complimentary spins to utilize on certain gambling establishment video games. The amount or kind of perk can vary from one online gambling establishment to one more. Some codes may use a small amount of reward funds, while others might supply a larger incentive or a set number of totally free spins.</p><p>When you have actually gone into the no deposit incentive code, the reward funds or cost-free spins will be attributed to your online casino account. You can after that make use of these funds or spins to play qualified video games and have a chance to win genuine money. It is necessary to keep in mind that there are usually particular terms and conditions associated with these incentives, such as wagering needs and maximum cashout limitations.</p><p><strong>Pro suggestion:</strong> Always see to it to read and recognize the conditions of any type of no down payment perk code before claiming it. This will help you stay clear of any type of surprises or frustration later on.</p><h2>Sorts of No Deposit Bonus Offer Codes</h2><p>There are a number of types of no down payment incentive codes that you may stumble upon. Here are a few of the most usual ones:</p><ul><li><strong>Free Cash:</strong> This type of bonus offer provides you with a details quantity of bonus offer funds to play with. For example, you may get $10 or $20 in free cash to utilize on eligible video games.</li><li><strong>Free Spins:</strong> Rather than bonus offer funds, some no deposit bonus codes supply an established variety of complimentary spins on selected slot video games. You can make use of these spins to play the game and potentially win real cash.</li><li><strong>Free Play:</strong> This type of perk provides you a particular amount of time, generally an hour, to play as several video games as you can with an offered amount of complimentary credit scores. The winnings from this bonus offer are typically after that moved to your actual cash account.</li><li><strong>Cashback:</strong> Some on-line gambling establishments offer no deposit benefit codes that provide you a portion of your losses back as benefit funds. This can aid you recover some of your losses and continue playing.</li></ul><h2>Benefits of Making Use Of No Down Payment Incentive Codes</h2><p>No down payment perk codes feature several benefits for online gambling establishment players. Right here are some of the essential advantages:</p><ul><li><strong>Free Play:</strong> No deposit bonus codes allow you to play gambling enterprise games for totally free, giving you the opportunity to try out different games and find your faves without risking your own cash.</li><li><strong>Prospective to Win Genuine Money:</strong> While making use of a no down payment perk code, you have the possibility to win actual money without having to make a deposit. This can be a great means to boost your bankroll and experience the adventure of winning.</li><li><strong>Checking Out New Gambling Establishments:</strong> No deposit bonus codes supply an excellent possibility to discover new on the internet casino sites and see if they fulfill your preferences before dedicating your own funds.</li><li><strong>Method and Learn:</strong> If you&#8217;re brand-new to on the internet casino games, utilizing no down payment bonus offer codes enables you to exercise and discover the ropes without any financial danger. You can acquaint yourself with the video games and regulations before having fun with your own money.</li></ul><h2>Essential Factors to consider</h2><p>While no deposit perk codes can be a great method to appreciate complimentary online casino video games and potentially win actual cash, there are a few crucial factors to consider to remember:</p><ul><li><strong>Betting Demands:</strong> Many no deposit bonus codes include betting requirements, which means you need to bet a specific quantity of money prior to you can withdraw any kind of earnings. See to it to examine the wagering requirements and see if they are possible for you.</li><li><strong>Optimum Cashout Purviews:</strong> Some no deposit bonus offers have optimal cashout limitations, suggesting there is a cap on the quantity of money you can withdraw from your jackpots. Be aware of these limits and handle your assumptions accordingly.</li><li><strong>Eligible Gamings:</strong> No deposit bonus codes are often legitimate just for particular games. Ensure to inspect the terms to see which video games you can have fun with the bonus offer funds or complimentary rotates.</li><li><strong>Expiration Dates:</strong> No down payment benefit codes generally have expiry days, so it is essential to use them within the defined timeframe. Or else, you might end up losing the bonus offer.</li></ul><h3>Conclusion</h3><p>No deposit incentive codes can be a beneficial device for online casino gamers aiming to take pleasure in complimentary games and potentially win genuine cash. By recognizing how these codes work and thinking about the key factors, such as wagering demands and eligible games, you can take advantage of these incentives and enhance your on the internet gambling establishment experience.</p><p>Bear in mind to constantly gamble properly and have a good time checking out the amazing globe of on-line gambling enterprises!</p>]]></description><link>https://m.coinsnews.com/no-deposit-reward-codes-what-you-need-to-know</link><guid>659573</guid><author>COINS NEWS</author><dc:content /><dc:text>No Deposit Reward Codes: What You Need to Know</dc:text></item><item><title>The Advantages of Making Use Of Mastercard at Casinos</title><description><![CDATA[<p>When it comes to <a href="https://1x-india.click/" rel="nofollow noopener">1xbet</a> playing at on the internet gambling enterprises, having a trusted and protected payment method is essential. Mastercard, one of the globe&#8217;s leading repayment solutions, uses a range of benefits for gamers who intend to take pleasure in a smooth and easy video gaming experience. In this short article, we will certainly explore the benefits of utilizing Mastercard at gambling establishments and why it is a recommended selection for lots of gamers.</p><h2>Convenience and Access</h2><p>Among the primary reasons why Mastercard is prominent among gambling enterprise players is its comfort and access. With numerous sellers globally approving Mastercard, gamers can conveniently use their card to deposit funds into their casino site accounts. Whether you are playing from the comfort of your home or on the go, Mastercard supplies a hassle-free and seamless settlement option.</p><p>Additionally, Mastercard uses a range of card choices, consisting of debit and charge card, making it less complicated for players to pick the type of card that suits their requirements. Debit cards can be connected directly to your checking account, enabling very easy and immediate transfers, while charge card provide versatility with the option to pay in installations.</p><p>Furthermore, Mastercard is approved at a large bulk of online gambling establishments, making it easily accessible for players worldwide. This means that you can enjoy your preferred gambling enterprise games and make purchases utilizing Mastercard with no trouble.</p><h2>Protection and Defense</h2><p>Security is a leading concern when it concerns online purchases, particularly in the world of on the internet betting. Mastercard has actually implemented advanced security measures to make sure the security of your individual and economic details.</p><p>Mastercard makes use of encryption technology to secure your card details and protect against unapproved accessibility. This indicates that when you make a settlement at a casino, your details is encrypted and can not be intercepted by harmful people. In addition, Mastercard has a specialized scams protection group that keeps an eye on transactions for <a href="https://1xbetlogin-de.click/" rel="nofollow noopener">1xbet login</a> any type of questionable activity, providing an additional layer of safety and security.</p><p>Moreover, in the unlikely event of unauthorized deals or fraudulent activity, Mastercard offers no responsibility security. This implies that you are not held responsible for any kind of unapproved costs made on your card, giving satisfaction for gamers.</p><h2>Quick and Efficient Transactions</h2><p>When it comes to on-line betting, speed is of the essence. Mastercard uses quick and effective deal handling, allowing players to swiftly fund their online casino accounts and begin playing their favorite games immediately.</p><p>With Mastercard, down payments are processed instantaneously, enabling gamers to make real-time deals. This indicates that you can transfer funds right into your casino site account and instantly start playing. Withdrawals are also usually processed rapidly, allowing you to appreciate your payouts without unnecessary hold-ups.</p><p>Additionally, Mastercard&#8217;s widespread approval guarantees that you are not limited to certain gambling establishments or regions. You can utilize your Mastercard to dip into different on-line casinos, giving you extra options and versatility in your pc gaming experience.</p><h2>Incentives and Rewards</h2><p>Using Mastercard at online casinos can additionally feature its reasonable share of rewards and motivations. Lots of casinos provide exclusive bonuses and promos for gamers that use Mastercard as their preferred settlement approach. These bonus offers can include deposit suit bonus offers, complimentary spins, or perhaps access to VIP programs.</p><p>In addition to casino-specific rewards, Mastercard itself uses a variety of benefits to its cardholders. Depending upon the kind of card you have, you might be eligible for cashback benefits, travel price cuts, or accessibility to unique events and experiences. These benefits can boost your general gaming experience and offer extra worth to your transactions.</p><h3>Verdict</h3><p>When it comes to playing at online casino sites, making use of Mastercard as your preferred payment approach provides many advantages. From its convenience and access to its superior protection steps, Mastercard guarantees a smooth and safe and secure video gaming experience. Its quick purchase processing and the possibility for rewards and rewards better enhance the overall video gaming experience. So the following time you dip into an on-line casino site, think about using Mastercard for an easy and satisfying trip.</p>]]></description><link>https://m.coinsnews.com/the-advantages-of-making-use-of-mastercard-at-casinos</link><guid>659574</guid><author>COINS NEWS</author><dc:content /><dc:text>The Advantages of Making Use Of Mastercard at Casinos</dc:text></item><item><title>What is a Keto Diet: A Comprehensive Guide</title><description><![CDATA[<p>Are you taking into consideration trying a keto diet plan? This article will certainly give you with all the details you require to understand about this preferred diet regimen fad. From comprehending what a keto diet regimen is to its possible benefits and also possible dangers, we&#8217;ve obtained you covered. Let&#8217;s dive in!</p><h2>Comprehending the Essentials</h2><p>A keto diet regimen, brief for ketogenic diet plan, is a low-carb, high-fat diet plan that intends to put your body right into a state of ketosis. Ketosis is a metabolic process where your body starts making use of fat as its key resource of energy instead of glucose. By considerably lowering carbohydrate intake as well as enhancing fat consumption, your body is forced to enter this state.</p><p>Generally, a keto diet plan includes eating around 70-80% of your everyday calories from fat, 20-25% from healthy protein, and just 5-10% from carbs. This extreme decrease in carbohydrate intake helps your body shift its fuel resource from sugar to ketones, which are produced in your liver from fat malfunction.</p><p>The main objective of a keto diet is to reach as well as preserve a state of ketosis. This metabolic state has actually been shown to have different benefits, which we will discuss later on in this write-up.</p><h2>The Benefits of a Keto Diet</h2><p>A keto diet regimen has actually acquired appeal as a result of its prospective advantages, both for weight reduction and general wellness. Below are several of the essential advantages related to complying with a keto diet plan:</p><ul><li><strong>Weight-loss:</strong> One of the main reasons individuals turn to a keto diet regimen is for its capacity to promote weight reduction. By decreasing carb consumption as well as boosting fat consumption, your body starts melting stored fat for fuel, causing a steady and also continual weight loss.</li><li><strong>Boosted Blood Sugar Level Control:</strong> A keto diet <a href="https://bihecol.top/" rel="nofollow noopener">bihecol donde lo venden</a> has been shown to assist regulate blood sugar level levels in individuals with kind 2 diabetes mellitus or insulin resistance. By preventing high-carb foods, you can better manage your blood sugar levels as well as minimize the demand for insulin drug.</li><li><strong>Raised Energy Levels:</strong> When your body remains in ketosis, it becomes efficient at making use of fat for energy. Many individuals report boosted power degrees and enhanced mental quality while complying with a keto diet.</li><li><strong>Lowered Inflammation:</strong> Persistent inflammation has been connected to various wellness problems, consisting of heart disease as well as specific types of cancer cells. Some research studies suggest that a keto diet might help reduce swelling markers in the body.</li><li><strong>Epilepsy Administration:</strong> The ketogenic diet plan was originally established as a treatment for epilepsy, particularly in children that do not respond well to medication. It has actually been shown to minimize the regularity and intensity of seizures in some individuals.</li></ul><h2>Prospective Threats and Factors To Consider</h2><p>While a keto diet can have numerous benefits for many individuals, it&#8217;s essential to take into consideration the prospective risks and also make an informed decision. Below are some aspects to keep in mind:</p><ul><li><strong>Keto Influenza:</strong> When transitioning to a keto diet regimen, some people experience what is known as the &#8220;keto influenza.&#8221; This can consist of signs like exhaustion, frustrations, nausea, as well as impatience. These signs usually subside after a couple of days or weeks, as your body gets used to the brand-new fuel source.</li><li><strong>Nutrient Deficiencies:</strong> Considering that a keto diet plan restricts certain food groups, such as fruits, whole grains, and legumes, it&#8217;s crucial to guarantee you&#8217;re still obtaining all the essential nutrients. Consider getting in touch with a healthcare expert or licensed dietitian to produce a healthy dish strategy.</li><li><strong>Digestive Problems:</strong> The radical adjustment in dietary routines can occasionally lead to gastrointestinal issues, such as irregularity or diarrhea. Guaranteeing an appropriate <a href="https://glucozero.top/" rel="nofollow noopener">gluco zero</a> intake of fiber-rich foods as well as staying moisturized can help minimize these issues.</li><li><strong>Long-Term Sustainability:</strong> A keto diet regimen can be challenging to sustain long-lasting as a result of its restrictive nature. It needs cautious preparation and may not be suitable for every person, particularly those with particular medical conditions or nutritional choices.</li></ul><h2>Conclusion</h2><p>A keto diet regimen can be a reliable tool for weight-loss as well as boosting specific wellness markers. Nevertheless, it&#8217;s important to approach it with caution, thinking about the potential risks and private needs. Consulting a health care professional or authorized dietitian is extremely advised before embarking on any kind of extreme dietary changes. Remember, a healthy and balanced approach to nourishment is always vital.</p>]]></description><link>https://m.coinsnews.com/what-is-a-keto-diet-a-comprehensive-guide</link><guid>658547</guid><author>COINS NEWS</author><dc:content /><dc:text>What is a Keto Diet: A Comprehensive Guide</dc:text></item><item><title>Chirpley Takes Flight to Ethereum Chain: Expanding CHRP Horizons in the Crypto Cosmos</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-770x462.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Chirpley Takes Flight to Ethereum Chain: Expanding CHRP Horizons in the Crypto Cosmos 8" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-770x462.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-300x180.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-500x300.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-269x161.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-746x448.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1.webp 850w" sizes="(max-width: 770px) 100vw, 770px" title="Chirpley Takes Flight to Ethereum Chain: Expanding CHRP Horizons in the Crypto Cosmos 8"><p>Amsterdam, 15th January — Chirpley, the dynamic influencer marketplace, has embarked on a transformative journey by spreading its wings to the Ethereum chain. This strategic move aligns with Chirpley&#8217;s vision to broaden the reach of CHRP holders within the vibrant crypto community. While the Chirpley platform remains rooted in the Binance Smart Chain (BSC) as its primary hub, CHRP is now accessible and tradable on the Ethereum chain.</p><p><strong>Ethereum Integration: Elevating CHRP Accessibility</strong></p><p><a href="https://chirpley.ai/" rel="nofollow noopener">Chirpley </a>has officially gone live on the Ethereum chain, marking a significant milestone in the platform&#8217;s evolution. As part of its strategic expansion, CHRP holders can now acquire and trade CHRP tokens seamlessly on the Ethereum chain, providing a broader avenue for engagement within the crypto ecosystem.</p><p><strong>Private Sale Success: $100K Infused for Liquidity</strong></p><p>To fortify liquidity and fuel further growth, Chirpley recently concluded a successful private sale, raising $100,000. These funds have been strategically allocated to the liquidity pool (LP) on Uniswap, enhancing the platform&#8217;s stability and reinforcing its position in the decentralized finance (DeFi) space.</p><p><strong>Axelar Partnership Paves the Way for Cross-Chain Innovation</strong></p><p>In a groundbreaking collaboration, Chirpley has partnered with Axelar, a pioneer in cross-chain solutions, to facilitate its seamless integration with the Ethereum chain. Leveraging Axelar&#8217;s innovative Interchain Token Service (ITS), Chirpley has bridged the gap between BSC and Ethereum, offering users a versatile and efficient cross-chain experience.<br />The collaboration also introduces the Squid Router, opening doors to cross-chain swaps that further enrich the CHRP trading experience. Chirpley believes that this partnership, coupled with its expansion to the Ethereum chain, lays the foundation for enduring success and investment growth.</p><p><strong>Chirpley&#8217;s Perspective: A Strategic Investment for the Future</strong></p><p>This strategic move to the Ethereum chain reflects Chirpley&#8217;s commitment to innovation and adaptability in the ever-evolving crypto landscape. By providing access to CHRP on both BSC and Ethereum, Chirpley aims to enhance user convenience and foster a broader, interconnected community of CHRP holders.</p><p>Website: <a href="https://chirpley.ai/" rel="nofollow noopener">https://chirpley.ai/</a><br />Twitter: <a href="https://twitter.com/chirpley" rel="nofollow noopener">https://twitter.com/chirpley</a><br />Telegram Announcements: <a href="https://t.me/chirpley" rel="nofollow">https://t.me/chirpley</a><br />Discord: <a href="https://discord.gg/vcsb7utD3J" rel="nofollow noopener">https://discord.gg/vcsb7utD3J</a><br />YouTube: <a href="https://www.youtube.com/c/chirpley" rel="nofollow noopener">https://www.youtube.com/c/chirpley</a><br />Instagram:<a href="https://www.instagram.com/chirpley/" rel="nofollow noopener"> https://www.instagram.com/chirpley/</a><br />TikTok: <a href="https://www.tiktok.com/@chirpley" rel="nofollow noopener">https://www.tiktok.com/@chirpley</a><br />Reddit: <a href="https://www.reddit.com/user/chirpley/" rel="nofollow noopener">https://www.reddit.com/user/chirpley/</a><br />Facebook: <a href="https://www.facebook.com/chirpley/" rel="nofollow noopener">https://www.facebook.com/chirpley/</a><br />Medium: <a href="https://chirpley.medium.com/" rel="nofollow noopener">https://chirpley.medium.com/</a><br />GitHub: <a href="https://github.com/chirpley" rel="nofollow noopener">https://github.com/chirpley</a></p>]]></description><link>https://m.coinsnews.com/chirpley-takes-flight-to-ethereum-chain-expanding-chrp-horizons-in-the-crypto-cosmos</link><guid>648302</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2024/01/IMG_2332-850x510-1-770x462.webp</dc:content ><dc:text>Chirpley Takes Flight to Ethereum Chain: Expanding CHRP Horizons in the Crypto Cosmos</dc:text></item><item><title>Coinbase Increases Bond Buyback Limit By $30 Million</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-770x578.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Increases Bond Buyback Limit By $30 Million 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-770x578.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-1024x768.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-746x560.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Increases Bond Buyback Limit By $30 Million 10"><ul><li>Coinbase recently announced that it has increased its bond buyback limit by $30 million.&amp; </li><li>The crypto exchange is now willing to spend $180 million to buy back its outstanding 3.625% senior notes.</li><li>Bondholders previously expressed little interest in selling the senior notes to the crypto exchange.&amp; </li><li>Investors had tendered over $50 million worth of bonds last month.&amp; </li></ul><p>Crypto giant <a href="https://en.ethereumworldnews.com/brian-armstrong-bullish-on-chain-game-ads/">Coinbase</a> has announced that it has increased its bond buyback limit by $30 million. The California-based crypto exchange is now willing to spend a whopping $180 million to fund the buyback of its outstanding 3.6% senior notes due 2031. </p><p>A senior note is a type of bond that is paid out before other forms of debt in the event that the issuing company declares bankruptcy and is forced into liquidation. These notes pay a comparatively low rate of interest since they carry a low degree of risk.&amp; </p><h2><strong>Coinbase Investors Tender Bonds Worth $211 Million</strong></h2><p>The Interim Results of the Cash Tender for Outstanding Bonds <a href="https://investor.coinbase.com/news/news-details/2023/Coinbase-Announces-Interim-Results-and-Extension-and-Upsizing-of-Cash-Tender-Offer-for-its-Outstanding-3.625-Senior-Notes-Due-2031/default.aspx" rel="nofollow noopener">announced</a> by Coinbase earlier today revealed that the firm had amended the terms of the tender offer to increase the amount of senior notes that may be purchased for a maximum aggregate purchase price of $180 million. The expiration date of the tender offer was also extended to September 18, 2023. </p><p>Last month, Coinbase circulated a tender offer to buy back a portion of its 3.625 %senior notes due 2031. However, the offer failed to capture the interest of the bondholders, indicating a bullish sentiment for the notes among them. At the time, investors tendered bonds worth approximately $50 million. An additional $211 million worth of bonds have reportedly been tendered since.</p><p>The latest push for buying back outstanding senior notes comes less than a month after the initial tender offer to buy back a portion of the $1 billion bonds was floated by Coinbase. The crypto giant offered its investors a premium for its senior notes following a rather strong performance in the second quarter of 2023. At the time, the exchange stated that investors who sold their bonds before August 18 would receive 64.5 cents on the dollar.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-increases-bond-buyback-limit-by-30-million</link><guid>613844</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/09/thumb-coinbase-2js-011023-770x578.jpg</dc:content ><dc:text>Coinbase Increases Bond Buyback Limit By $30 Million</dc:text></item><item><title>Judge In Coinbase Case Threw Out Uniswap Lawsuit</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Judge In Coinbase Case Threw Out Uniswap Lawsuit 12"><ul><li>SDNY Judge Katherine Polk Failla ruled that the &#8220;self-driving&#8221; software Uniswap was not responsible for losses users suffered due to scams and ponzis. </li><li>Judge Failla who threw out the lawsuit against Uniswap, Paradigm et al also presides over SEC vs. Coinbase. </li><li>Crypto proponents noted the industry&#8217;s growing momentum in the court as a sign the SEC could lose against Brian Armstrong&#8217;s crypto exchange.</li><li>The SEC lost to Grayscale in court and was handed a partial defeat in its securities campaign against Ripple&#8217;s XRP token.</li></ul><p>The judicial tides could be turning for crypto service providers in the U.S. like Coinbase following back-to-back court victories amid a deluge of lawsuits from financial watchdogs like the Securities and Exchange Commission and private opposers alike. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ <br><br>Huge win, long live DeFi ????<br><br>One longtime fear of mine has been bad legal interpretation of our complex, technical industry<br><br>It’s highly motivating to see US courts hold up arguments I’ve felt deeply for years<br><br>Below are some of the most BASED (smart) court comments <a href="https://t.co/lb7ZP4pD1C" rel="nofollow">pic.twitter.com/lb7ZP4pD1C</a></p>&mdash; hayden.eth ???? (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1696991910370411003?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Uniswap Wins Lawsuit</h2><p>On August 30, SDNY Judge Katherine Polk Failla ruled in favor of decentralized exchange Uniswap. The class action lawsuit sought to hold Uniswap, Paradigm, et al responsible for users&#8217; losses and damage caused by illicit third-party actors. </p><p>The lawsuit&#8217;s argument was built around losses that users incurred from investing in scam tokens and crypto Ponzi schemes traded on Uniswap. As the deployers are anonymous and difficult to trace, the aggrieved parties turned their sights to Uniswap in a bid </p><p>Judge Failla said there wasn&#8217;t sufficient evidence to <a href="https://www.docdroid.net/APrJolt/risley-v-uniswap-pdf" target="_blank" data-type="URL" data-id="https://www.docdroid.net/APrJolt/risley-v-uniswap-pdf" rel="noreferrer noopener nofollow">prove</a> that Uniswap developers should be held liable for misuse of their software.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Another huge victory for the crypto world &amp; software devs. SDNY court tossed out a class action against us, deciding that the “self-driving” Uniswap protocol has primarily *lawful* use &amp; protocol devs aren’t liable when others misuse it. The trend in courts is obvious. <a href="https://t.co/nrUyJlFhdB" rel="nofollow">pic.twitter.com/nrUyJlFhdB</a></p>&mdash; Marvin Ammori (@ammori) <a href="https://twitter.com/ammori/status/1696906597962776869?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The ruling is a major win for DeFi participants since the court ruled in favor of DeFi software and its developers. Uniswap&#8217;s case also leaves questions regarding the crackdown on Tornado Cash and developers Alexey Pertserv, Roman Storm, and Roman Semenov, all of whom were <a href="https://en.ethereumworldnews.com/tornado-cash-founders-laundering-ofac/" data-type="URL" data-id="https://en.ethereumworldnews.com/tornado-cash-founders-laundering-ofac/" target="_blank" rel="noreferrer noopener">arrested</a> for their ties to the crypto mixer. </p><h2>Hope For Coinbase</h2><p>SDNY Judge Katherine Polk Failla also presides over the SEC vs. Coinbase case in which the SEC filed securities violation claims. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal both refitted the SEC&#8217;s claims, signaling the start of a lengthy litigation process. </p><p>Grayscale emerged victorious over the SEC 14 months after going to court with the commission. The SEC remained adamant in rejecting Grayscale&#8217;s conversion of its GBTC fund to a spot Bitcoin ETF, citing market manipulation concerns. </p><p>A trio of judges completely sided with Grayscale and <a href="https://en.ethereumworldnews.com/grayscale-win-spot-bitcoin-etf-appeal-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/grayscale-win-spot-bitcoin-etf-appeal-sec/" rel="noreferrer noopener">ruled</a> against the SEC&#8217;s rejection of Grayscale&#8217;s ETF application. </p><p>&#8220;The denial of Grayscale’s proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar product,&#8221; said United States Court of Appeals for the DC Circuit. The ruling pointed to the SEC&#8217;s approval of Bitcoin Futures ETF, a similar product to the high-sought-after spot Bitcoin ETF. </p><p>&#8220;The courts remain our last, best hope&#8221; said Coinbase CLO Paul Grewal after the news. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">3-0. Judge Rao writing for the panel. I’ll say it again— they are not perfect but when it comes to protecting the rule of law, the courts remain our last, best hope . <a href="https://t.co/pV21BM317w" rel="nofollow">https://t.co/pV21BM317w</a></p>&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1696550743292141590?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 29, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/judge-in-coinbase-case-threw-out-uniswap-lawsuit</link><guid>612421</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg</dc:content ><dc:text>Judge In Coinbase Case Threw Out Uniswap Lawsuit</dc:text></item><item><title>Binance To Phase Out BUSD By 2024</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance To Phase Out BUSD By 2024 14"><ul><li>Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. </li><li>The exchange added that Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks will cease in September. </li><li>Deposits on these networks including Ethereum will continue until further notice. </li><li>After an SEC crackdown, the company previously swapped $1 billion BUSD from its SAFU fund into USDT and TUSD.</li></ul><p>Users with BUSD balances on Binance were advised to convert their holdings for other supported stablecoins or assets before February 2024. </p><p>An August 31 <a href="https://www.binance.com/en/support/announcement/binance-encourages-users-to-convert-busd-to-other-stablecoins-prior-to-february-2024-d392843e81fd4bc3a5f7e219aa01f34d" target="_blank" data-type="URL" data-id="https://www.binance.com/en/support/announcement/binance-encourages-users-to-convert-busd-to-other-stablecoins-prior-to-february-2024-d392843e81fd4bc3a5f7e219aa01f34d" rel="noreferrer noopener nofollow">announcement</a> noted a gradual shutter of BUSD-related products on the crypto exchange particularly for spot and margin trading. Also, starting next month, Binance will no longer support BUSD withdrawals through the BNB Chain, Avalanche, Polygon, and Tron networks. This change is effective come 06:00 (UTC) September 7. </p><h2>Binance Winds Down BUSD Support</h2><p>BUSD deposits on the aforementioned networks are possible until further notice. Per the announcement, deposits and withdrawals via Ethereum remain unaffected. </p><p>The announcement comes six months after digital asset issuer Paxos was <a href="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" rel="noreferrer noopener">ordered</a> to cease minting BUSD tokens by U.S regulators. New York&#8217;s Department of Financial Services launched a probe into the NY-regulated firm, effectively crippling fresh BUSD issuance. </p><p>The Securities and Exchange Commission labeled BUSD an unregistered security in the same breath. Binance and CEO Changpeng Zhao were sued for violating U.S. laws months later as the SEC cast its regulatory shadow over prominent players in crypto. </p><h2>SEC vs Crypto</h2><p>Similar allegations of rulebreaking and unregistered securities sales were levied against rival crypto exchange Coinbase. Notably, Coinbase CEO Brian Armstrong was not named as the subject of investigations at the time. </p><p>Both firms rebutted these allegations, arguing against the SEC&#8217;s choice to regulate through enforcement actions rather than provide clear guidelines for the digital asset industry. </p><p>The SEC currently has a trifecta of cases against Coinbase, Grayscale, and Ripple, all involving opposing views regarding interpreting securities laws for blockchain-based crypto assets. Judges in two of these cases have ruled against the SEC stand, either partially in Ripple&#8217;s case or completely in the <a href="https://en.ethereumworldnews.com/grayscale-win-spot-bitcoin-etf-appeal-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/grayscale-win-spot-bitcoin-etf-appeal-sec/" rel="noreferrer noopener">Grayscale spot Bitcoin ETF</a> saga.</p><p>DeFi proponents also hailed SDNY Judge Katherin Polk Failla&#8217;s ruling that software cannot be held liable for user losses or third-party damages in the Uniswap lawsuit. It&#8217;s unclear if this win for DeFi sets any precedent in the <a href="https://en.ethereumworldnews.com/tornado-cash-founders-laundering-ofac/" data-type="URL" data-id="https://en.ethereumworldnews.com/tornado-cash-founders-laundering-ofac/" target="_blank" rel="noreferrer noopener">Tornado Cash</a> case.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????NEW: SDNY judge Katherine Polk Failla (the judge who&#39;s also in charge of the <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" rel="nofollow noopener">@coinbase</a> case) has thrown out a class action lawsuit against <a href="https://twitter.com/Uniswap?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Uniswap</a>, ruling that software (Uniswap) cannot be held accountable for the losses of its users or the damage caused by third parties. <a href="https://t.co/PPGQzybHGn" rel="nofollow">https://t.co/PPGQzybHGn</a></p>&mdash; Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1696918343943340235?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/binance-to-phase-out-busd-by-2024</link><guid>612357</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Aave-DAO-Votes-To-Offboard-BUSD-From-V2-Lending-Market-770x513.jpg</dc:content ><dc:text>Binance To Phase Out BUSD By 2024</dc:text></item><item><title>Worldcoin Boasts A New User Every 9 Seconds In Argentina Amid Investigation</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-770x385.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Worldcoin Boasts A New User Every 9 Seconds In Argentina Amid Investigation 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-770x385.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-300x150.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-500x250.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-561x280.webp 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-269x135.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-746x373.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2.webp 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Worldcoin Boasts A New User Every 9 Seconds In Argentina Amid Investigation 16"><ul><li>Worldcoin’s popularity in Argentina has soared in August, with a new signup every nine seconds.&amp; </li><li>The project’s orbs in four Argentinian cities verified the World IDs of over 9,500 citizens in a single day.&amp; </li><li>The project’s growth in Argentina remains strong despite an ongoing investigation into its operations by local agencies.&amp; </li></ul><p>Worldcoin has witnessed a significant rise in its popularity and demand in Argentina. The ambitious crypto project, launched by ChatGPT founder Sam Altman last month, saw its best month in the country so far, with a new user onboarding every nine seconds. Worldcoin’s growth in Argentina appears to remain unaffected by the ongoing investigation by local authorities into the firm’s operations.&amp; </p><h2><strong>Worldcoin Verified World IDs of 9,500 Argentinians In One Day</strong></h2><p>In a <a href="https://worldcoin.org/blog/announcements/demand-world-id-sign-up-record-argentina" rel="nofollow noopener">blog post</a> published earlier today, Worldcoin described Argentina as one of the world’s leading countries for innovation and crypto adoption and added that August had been a rather successful month. The project crossed a major milestone after it verified the World ID of 9,500 Argentinians in one day, setting a new single-day record for Orb verifications. </p><p>World ID, the global identity protocol powered by the Worldcoin ecosystem, reportedly witnessed an increase in demand in Argentina over the past month. World ID uses a proof of personhood (PoP) credential that is issued by the Orb, which is a biometric scanning device that scans the retina of new users.&amp; </p><p>Alex Blania, the co-founder of <a href="https://en.ethereumworldnews.com/kenya-police-raids-worldcoin-warehouse/">Worldcoin</a> and the chief executive of its parent firm Tools for Humanity, took part in the Ethereum Argentina Mainnet Stage earlier this month. When asked about his firm’s success in the country, Blania stated that the people in Argentina were more understanding of the fundamental principles of crypto. He added that Argentina was overall one of the most crypto-forward countries in the world. </p><blockquote class="wp-block-quote"><p>It’s a combination of having a very technologically advanced country in general and then also a crypto-forward country specifically, which makes it an explosive building ground for the next wave of innovation in this space.”</p><cite>Alex Blania, Co-founder of Worldcoin</cite></blockquote><p>Worldcoin’s Orbs are currently available in four cities in Argentina, namely Buenos Aires, Mar del Plata, Cordoba, and Mendoza. The project has gained traction in the country, despite an ongoing investigation by The Agency for Access to Public Information (AAIP) into its handling of sensitive data.&amp; </p>]]></description><link>https://m.coinsnews.com/worldcoin-boasts-a-new-user-every-9-seconds-in-argentina-amid-investigation</link><guid>612358</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Worldcoin-2-770x385.webp</dc:content ><dc:text>Worldcoin Boasts A New User Every 9 Seconds In Argentina Amid Investigation</dc:text></item><item><title>Coinbase CEO Brian Armstrong Is Bullish On On-Chain Games &amp; Ads</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase CEO Brian Armstrong Is Bullish On On-Chain Games &amp; Ads 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-1376x917.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit.webp 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase CEO Brian Armstrong Is Bullish On On-Chain Games &amp; Ads 18"><ul><li>Coinbase CEO Brian Armstrong recently shared his top interest areas in the crypto space.&amp; </li><li>Armstrong is currently bullish on on-chain ads, on-chain games, Layer 2 privacy, P2P exchange on-chain, etc.&amp; </li><li>The Coinbase Chief’s comments came ahead of the first-ever Coinbase Ventures Summit scheduled for October 2023.&amp; </li></ul><p>Brian Armstrong, the man at the helm of the largest crypto exchange in the United States, recently shared his top areas of interest in the crypto space. The <a href="https://en.ethereumworldnews.com/coinbase-suspend-41-non-usd-trading-pairs/">Coinbase</a> founder and CEO urged DeFi builders to focus on ten ideas that he believes were critical for the broader crypto space in order to support the next generation of crypto startups. </p><h2><strong>Brian Armstrong Urges Builders To Explore On-Chain Applications</strong></h2><p>In a recent <a href="https://www.coinbase.com/blog/request-for-builders-startups-i-would-build-today" rel="nofollow noopener">blog post</a> on Coinbase’s official website, Brian Armstrong requested DeFi builders to use the bear market as an opportunity to develop applications surrounding ten different ideas. The ideas included Flat Coin Concept, On-Chain Reputation, On-Chain Ads, On-Chain Games, On-Chain Capital Formation, Job/Task Marketplace for Crypto, Layer 2 Privacy, Decentralized P2P Exchange, Tokenized Real World Assets, and Software for Network States. </p><blockquote class="wp-block-quote"><p>Coinbase has the resources to build a lot in crypto, but we don&#8217;t have time to build everything and want to help enable the ecosystem around us. We need more people to come join us.”</p><cite>Brian Armstrong, CEO at Coinbase</cite></blockquote><p>According to Armstrong, the above-mentioned areas have great potential in the near future. Flat coins are decentralized tokens that track the Consumer Price Index (CPI) to preserve purchasing power. The Coinbase Chief believes that flat coins can address the inflation and seizure issues associated with fiat and stablecoins.&amp; </p><p>Armstrong is also bullish on-chain ads, games, reputation, and capital formation. He told builders that decentralized identity, advertisement, and gaming have significant potential. To support such startups, the Coinbase CEO pitched the idea of on-chain capital formation that would allow startups to raise cash globally. More startups would lead to demand for crypto talent, which is where Armstrong’s idea of a crypto job marketplace comes in.&amp; </p><p>Brian Armstrong’s suggestion for DeFi builders comes ahead of the first-ever Coinbase Ventures Summit in Malibu, California, slated for October 2023. The event will bring together 20-30 teams of the top builders in the crypto space. Crypto projects that participate in the summit may receive funding from Coinbase Ventures.</p>]]></description><link>https://m.coinsnews.com/coinbase-ceo-brian-armstrong-is-bullish-on-on-chain-games-ads</link><guid>612303</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Brian-Armstrong-ne-summit-770x513.webp</dc:content ><dc:text>Coinbase CEO Brian Armstrong Is Bullish On On-Chain Games &amp; Ads</dc:text></item><item><title>Coinbase To Suspend Trading For 41 Non-USD Trading Pairs</title><description><![CDATA[<img width="770" height="431" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase To Suspend Trading For 41 Non-USD Trading Pairs 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1-300x168.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1-500x280.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1-746x418.webp 746w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase To Suspend Trading For 41 Non-USD Trading Pairs 20"><ul><li>Coinbase is set to remove 41 non-USD trading pairs including ALCX/USDT and BIT/USD.&amp; </li><li>The crypto exchange is suspending the pairs to improve overall market health and consolidate liquidity.&amp; </li><li>Users of Coinbase Advance will be able to trade the suspended assets through their USDC balances.&amp; </li><li>The crypto exchange clarified that the suspended crypto trading pairs accounted for a negligible trading volume.&amp; </li></ul><p>Coinbase is set to suspend trading for dozens of non-USD trading pairs next month. The California-based crypto exchange announced earlier today that it would remove 41 non-USD trading pairs including ALCX/USDT, BIT/USDT, INDEX/USDT, and dozens more. The decision to suspend the trading pairs was taken following a regular review of the markets on the crypto exchange.&amp; </p><h2>Coinbase Advance Users Can Trade Suspended Pairs</h2><p>Coinbase Exchange took to <a href="https://twitter.com/CoinbaseExch/status/1696914971374850071" rel="nofollow noopener">X</a> (formerly Twitter) earlier today to announce the suspension of the 41 non-USD trading pairs. According to a separate incident <a href="https://status.exchange.coinbase.com/" rel="nofollow noopener">report</a> filed on the exchange’s official website, the crypto exchange decided to remove the pairs in an effort to improve the overall market health and consolidate liquidity. </p><p>On September 13, 2023, dozens of non-USD markets including CTX/USDT, ORN/USDT, NEST/USDT, etc. will be removed from Coinbase Exchange, Advanced Trade, and Coinbase Prime. However, users of Coinbase Advance will be able to trade the suspended trading pairs on the firm’s more liquid USD order books by using their USDC balances.&amp; </p><p>Additionally, <a href="https://en.ethereumworldnews.com/coinbase-canadian-banks-support-crypto/">Coinbase</a> Exchange users will also be able to continue trading the above-mentioned crypto assets by opting into the USDC unification. The USD-USDC experience was introduced earlier this year to allow the exchange’s users to use their USDC balances to open trades in the exchange’s USD books.</p><p>According to Coinbase Exchange, the markets affected by its latest decision accounted for a negligible amount of the crypto giant’s total trading volume. News of the mass suspension by Coinbase came just hours before the exchange announced that it would add support for PayPal’s recently launched stablecoin, PYUSD.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-to-suspend-trading-for-41-non-usd-trading-pairs</link><guid>612133</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/917474100.jpg.0-653x435-1.webp</dc:content ><dc:text>Coinbase To Suspend Trading For 41 Non-USD Trading Pairs</dc:text></item><item><title>Binance Japan Plans To Offer 100 Crypto Tokens Soon</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Japan Plans To Offer 100 Crypto Tokens Soon 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-1376x917.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit.jpeg 1500w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Japan Plans To Offer 100 Crypto Tokens Soon 20"><ul><li>Binance’s Japanese unit is planning to nearly triple the number of crypto tokens listed on its platform.&amp; </li><li>The Japanese crypto exchange announced that it will soon offer 100 crypto assets for trading.&amp; </li><li>The exchange plans to collaborate with local exchanges and market makers to secure liquidity.&amp; </li><li>Binance Japan is also planning to register the firm in order to broker the transactions of fiat-backed stablecoins.&amp; </li></ul><p>Binance Japan is reportedly planning to triple the number of crypto assets offered on its trading platform. The Japanese unit of the world’s largest crypto exchange plans to increase the number of crypto tokens listed on its platform from 34 to 100 soon. The announcement comes less than a month after the crypto exchange began operations in Japan.&amp; </p><h2><strong>Binance Japan To Collaborate With Local Exchanges For Liquidity</strong></h2><p>In a business briefing earlier today, Binance Japan announced that it would soon offer 100 crypto assets to its users. Per a report by <a href="https://www.bloomberg.co.jp/news/articles/2023-08-30/S06NY5T1UM0W01" rel="nofollow noopener">Bloomberg</a>, the Japanese crypto exchange will select the new crypto tokens from over 350 potential crypto projects. The exchange is also seeking a Japanese crypto token to support on its newly launched platform. </p><p>Tsuyoshi Chino, the General Manager of <a href="https://en.ethereumworldnews.com/mastercard-ends-binance-debit-card-tie-up/">Binance</a> Japan, told Bloomberg that he is actively looking to work on something that will be “the first project handled in Japan.” Chino added that in order to be able to offer the additional crypto assets, his exchange would have to secure liquidity. This would reportedly require collaboration with local crypto exchanges and market makers. </p><p>Chino stated that he was optimistic about the current regulatory environment for crypto assets in Japan. According to him, Prime Minister Fumio Kishida’s web3-inclusive growth strategy, along with a new concept of the internet that leverages blockchain technology, were positive indicators for the future of crypto in the country.</p><blockquote class="wp-block-quote"><p>I feel a clear desire to establish a foreseeable situation and allow businesses to do business there, after properly developing regulations.&#8221; </p><cite>Tsuyoshi Chino, General Manager at Binance Japan</cite></blockquote><p>Binance’s Japanese unit is also planning to register the company in order to be able to offer brokering of fiat-backed stablecoin transactions. The crypto exchange went live earlier this month, offering a selection of 34 tokens for spot trading. This was seven months after the crypto giant acquired Sakura Exchange BitCoin (SEBC), a Japanese-registered crypto exchange service provider.</p>]]></description><link>https://m.coinsnews.com/binance-japan-plans-to-offer-100-crypto-tokens-soon</link><guid>612019</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/adobestock-558087473-edit-770x513.jpeg</dc:content ><dc:text>Binance Japan Plans To Offer 100 Crypto Tokens Soon</dc:text></item><item><title>Tether Taps Bahamas’ Britannia Bank To Process USD Transfers</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tether Taps Bahamas’ Britannia Bank To Process USD Transfers 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Tether Taps Bahamas’ Britannia Bank To Process USD Transfers 20"><ul><li>Tether has added Britannia Bank &amp; Trust as a banking partner to process US Dollar transfers.&amp; </li><li>The Bahamas-based private bank will help the USDT issuer’s banking needs after US banks cut ties with crypto.&amp; </li><li>The stablecoin firm reportedly instructed clients to send funds to Britannia’s account in recent months.&amp; </li></ul><p>Tether, the crypto giant behind the world’s largest stablecoin, has reportedly found a new banking partner in the Britannia Financial Group. The USDT issuer has been leaning on Bahamas-based Britannia Bank &amp; Trust to process its US Dollar transfers amid an exodus of traditional financial institutions from the crypto industry.&amp; </p><h2><strong>Britannia Bank Received Funds From Tether’s Clients</strong></h2><p>Citing people familiar with the matter, <a href="http://grammarly.com" rel="nofollow noopener">Bloomberg</a> recently reported that Tether had added Britannia Bank &amp; Trust to process dollar transfers. The stablecoin giant reportedly asked its customers to send funds to the privately-operated bank’s account in recent months. </p><p>It is unclear when Tether’s banking relationship with the Bahamas-based firm started. The USDT issuer didn’t respond to Bloomberg’s request for comment, while Britannia Financial Group declined to comment on its relationship with the stablecoin firm.&amp; </p><p>The bankruptcies and scandals in the crypto industry over the past year have prompted several banks to cut ties with firms operating in this space. Several notable crypto firms including crypto exchange Binance have lost banking partners due to the turmoil in the industry.&amp; </p><p>Bloomberg’s latest report provides much-needed insight into Tether’s banking relationships, which have historically been shrouded in secrecy. In 2018, the stablecoin firm confirmed that it had partnered with Bahamas-based Deltec Bank &amp; Trust, just weeks after parting ways with Noble Bank. Capital Union, another bank operating in the Bahamas, is the USDT issuer’s other publicly known banking partner.&amp; </p><p>The lack of transparency surrounding <a href="https://en.ethereumworldnews.com/tether-1-billion-operational-profit-in-q2/">Tether’s</a> banking relationships, balance sheets, and corporate structure has led to considerable FUD and regulatory scrutiny in the past. Despite this, USDT remains the top stablecoin in the crypto market, boasting a market share of 66.5% with a market capitalization of more than $82 billion. </p>]]></description><link>https://m.coinsnews.com/tether-taps-bahamas-britannia-bank-to-process-usd-transfers</link><guid>611972</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Tether-USD-770x514.jpg</dc:content ><dc:text>Tether Taps Bahamas’ Britannia Bank To Process USD Transfers</dc:text></item><item><title>Grayscale Wins Spot Bitcoin ETF Appeal Against SEC</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Grayscale Wins Spot Bitcoin ETF Appeal Against SEC 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-1.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-1-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="Grayscale Wins Spot Bitcoin ETF Appeal Against SEC 20"><ul><li>A federal appeals court has sided with Grayscale Investments in its lawsuit against the SEC.&amp; </li><li>The court rules that the SEC must reverse its rejection of Grayscale’s spot Bitcoin ETF and review the application.&amp; </li><li>Top cryptocurrencies including Bitcoin, Ethereum, and BNB witnessed a significant hike following the court ruling.&amp; </li></ul><p>In a watershed moment for the crypto industry, a U.S. federal appeals court has sided with GBTC issuer <a href="https://en.ethereumworldnews.com/grayscale-sec-unequal-treatment-btc-etf/">Grayscale</a> Investments in its lawsuit against the Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF application. The court ruled that the securities regulator must reverse its rejection of the spot Bitcoin ETF and review Grayscale’s application for the same. </p><h2><strong>BTC Gains 6% After Court Sides With Grayscale</strong></h2><p>According to the <a href="https://www.docdroid.net/vrehbKf/dc-cir-22-1142-01208547571-0-pdf" rel="nofollow noopener">ruling</a> by the United States Court of Appeals for the DC Circuit, Grayscale’s petition for review has been granted while the SEC has been ordered to vacate its previous order rejecting the GBTC issuer’s spot Bitcoin ETF application. The ruling comes more than a year after Grayscale sued the SEC for rejecting its application. </p><p>In a separate <a href="https://storage.courtlistener.com/recap/gov.uscourts.cadc.38827/gov.uscourts.cadc.38827.1208547574.0.pdf" rel="nofollow noopener">Opinion</a> for the Court filed by Circuit Judge Rao, the court highlighted that federal agencies must treat cases alike, referring to the SEC’s unequal treatment of spot BTC ETFs and BTC Futures ETFs. The court further noted that the securities regulator applied the Howey Test unreasonably while evaluating Grayscale’s application. </p><blockquote class="wp-block-quote"><p>The denial of Grayscale’s proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products.”</p><cite>United States Court of Appeals</cite></blockquote><p>The judges blasted the SEC for failing to explain how Grayscale’s spot BTC ETF would influence the price of Bitcoin futures traded on the Chicago Mercantile Exchange. They also highlighted that the securities regulator dismissed evidence that could have mitigated concerns surrounding Grayscale’s application.&amp; </p><p>The federal appeals court’s ruling led to a 5.9% hike in the price of Bitcoin. The latest development also triggered a rally leading to a considerable increase in the prices of other cryptocurrencies including ETH (4.6%), BNB (6%), XRP (4.5%), ADA (6%), etc.&amp; </p>]]></description><link>https://m.coinsnews.com/grayscale-wins-spot-bitcoin-etf-appeal-against-sec</link><guid>611777</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-1.jpg</dc:content ><dc:text>Grayscale Wins Spot Bitcoin ETF Appeal Against SEC</dc:text></item><item><title>Friend.tech Reverses Policy To Punish Users Who Use Rival SocialFi Projects</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Friend.tech Reverses Policy To Punish Users Who Use Rival SocialFi Projects 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Friend.tech Reverses Policy To Punish Users Who Use Rival SocialFi Projects 20"><ul><li>Friend.tech plans to reward users who stay loyal and refrain from joining its forks or clones.&amp; </li><li>The SocialFi project will automatically forfeit the points of users who choose to opt into its forked versions.&amp; </li><li>The points are expected to have a special purpose on the tokenized social media platform.&amp; </li><li>Friend.tech’s users expressed disappointment at the project’s decision to punish users by forfeiting points.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/friend-tech-mev-bots-2-million-profit-key/">Friend.tech</a>, the decentralized social media platform that has taken the web3 space by storm, announced a controversial policy earlier today, in light of copycat applications and forks. The SocialFi project stated that it would punish users who opt-in to rival SocialFi projects by disabling the reward point accumulation feature for them. However, the founder of the project reversed the controversial policy less than twelve hours after unveiling it. </p><h2><strong>Friend.tech To Forfeit Points Of Users Who Move To Clones</strong></h2><p>According to an <a href="https://twitter.com/friendtech/status/1696280326027558994" rel="nofollow noopener">announcement</a> on X (formerly Twitter) earlier today, friend.tech stated that it would punish users who move to “forks and copies” by forfeiting their existing reward points and having them automatically opt out of earning any reward points in the future. </p><p>Users who choose to venture onto rival SociaFi projects would still be able to use friend.tech, the tokenized social media platform clarified. The platform added that its latest reward point policy was in order to make sure that loyal users were rewarded fairly during its Beta stage. </p><p>Friend.tech users took issue with its latest policy, with many expressing their disappointment and frustration. The majority of the crypto community agreed that users should be free to explore other projects without risking the rewards accumulated from their activities and contributions so far. </p><p>Friend.tech&#8217;s pseudonymous developer, Racer, reversed the controversial reward point policy within hours of announcing it, following backlash from users and the broader crypto community. The developer apologized to the users, and urged them to explore other products. </p><blockquote class="wp-block-quote"><p>I&#8217;ve been operating from fear&#8230;..That fear made me act with a mindset that is zero sum when i told you not to use other products&#8230;.. Please live your life as you want.&#8221;</p><cite>Racer, friend.tech developer</cite></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="zxx" dir="ltr"><a href="https://t.co/IZtkRveuH6" rel="nofollow">pic.twitter.com/IZtkRveuH6</a></p>&mdash; friend.tech (@friendtech) <a href="https://twitter.com/friendtech/status/1696360491046854782?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 29, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>It is unclear as of now how users will be able to use the reward points in question, but the SocialFi project previously stated that they will have a “special purpose” once the six-month beta period ends. Friend.tech plans to distribute 100 million reward points throughout the Beta period, with airdrops every Friday. Airdrops consider user activity until Thursday 23:59, following which the points are rewarded and recorded off-chain. </p>]]></description><link>https://m.coinsnews.com/friendtech-reverses-policy-to-punish-users-who-use-rival-socialfi-projects</link><guid>611611</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/maxresdefault-770x433.jpg</dc:content ><dc:text>Friend.tech Reverses Policy To Punish Users Who Use Rival SocialFi Projects</dc:text></item><item><title>BitBoy Crypto’s Parent Firm Fires Star Host Ben Armstrong</title><description><![CDATA[<img width="770" height="446" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-770x446.png" class="webfeedsFeaturedVisual wp-post-image" alt="BitBoy Crypto&#039;s Parent Firm Fires Star Host Ben Armstrong 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-770x446.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-300x174.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-1024x593.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-1536x889.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-2048x1185.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-500x289.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-269x156.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-746x432.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-1376x796.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BitBoy Crypto&#039;s Parent Firm Fires Star Host Ben Armstrong 20"><ul><li>Crypto influencer Ben Armstrong aka BitBoy Crypto has been removed from his company.&amp; </li><li>Hit Network’s parent firm BJ Investment Holdings has decided to separate Armstrong from the brand.&amp; </li><li>Armstrong’s termination came amid his struggle with substance abuse and its financial impact on the company.&amp; </li></ul><p>Crypto influencer Ben Armstrong, better known as <a href="https://en.ethereumworldnews.com/bitboy-calls-ftx-and-coinbase-ceos-devils/">BitBoy Crypto</a>, has been fired from his company. BJ Investment Holdings, the parent company of Hit Network, announced earlier today that it took legal action to remove Armstrong from the crypto company, specifically, the BitBoy brand. </p><h2><strong>Ben Armstrong Alleges Mutiny At BitBoy Crypto </strong></h2><p>The official X (formerly Twitter) account of BitBoy Crypto <a href="https://twitter.com/Bitboy_Crypto/status/1696184571279159401" rel="nofollow noopener">announced</a> earlier today that its controlling company, BJ Investment Holdings, had taken “decisive legal action” to remove popular YouTube star Ben Armstrong from the company and the brand. The controversial influencer will no longer be associated with the brand or appear in its regular YouTube videos. </p><p>According to the short announcement, the decision to terminate Armstrong’s relationship with the company was made to help him during his relapse into substance abuse. The company added that the YouTube star’s substance abuse had also dealt emotional, physical, and financial damage to the employees of Hit Network and the broader BitBoy Crypto community.&amp; </p><blockquote class="wp-block-quote"><p>The BitSquad deserves better and we are going to get through this together. We wish him the best and regret that it has come to this and are hopeful for the future of Bitboy Crypto.”</p><cite>TJ Shedd, CEO at Hit Network</cite></blockquote><p>TJ Shedd, the Chief Executive of Hit Network, appeared in a BitBoy Crypto stream earlier today, expressing regret at the latest developments. The BitBoy brand is Hit Network’s most successful yet, having amassed a social media following of more than 3.3 million. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">This is Ben.<br><br>TJ Shedd &amp; Justin Williams have attempted a coup at my company.<br><br>Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto &amp; Hit Network. But it won’t work. They have no leverage<br><br>Until they can clone me, I have nothing to worry about</p>&mdash; $BEN (@joinBENCoin) <a href="https://twitter.com/joinBENCoin/status/1695903547278201124?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Ben Armstrong didn’t comment on the news of his termination through any official channels but posted a response on the X account of $BEN Coin. The high-profile influencer accused Hit Network’s TJ Shedd and Justin Williams of mounting a coup against him. He added that there had been a mutiny at BitBoy Crypto and Hit Network, but it wouldn&#8217;t work since they had no leverage.  </p>]]></description><link>https://m.coinsnews.com/bitboy-cryptos-parent-firm-fires-star-host-ben-armstrong</link><guid>611587</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/033379b2ed784b80aabd9b852e51f121-770x446.png</dc:content ><dc:text>BitBoy Crypto’s Parent Firm Fires Star Host Ben Armstrong</dc:text></item><item><title>Sam Bankman-Fried Seeks Temporary Release From Prison Before Trial</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-770x511.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Sam Bankman-Fried Seeks Temporary Release From Prison Before Trial 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-770x511.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-300x199.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-1024x679.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-1536x1018.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-500x332.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-269x178.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-746x495.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-1376x912.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275.jpeg 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Sam Bankman-Fried Seeks Temporary Release From Prison Before Trial 20"><ul><li>Sam Bankman-Fried is seeking a temporary release from jail ahead of his October trial.&amp; </li><li>The disgraced FTX founder’s lawyers filed an appeal for a decision to jail him for alleged witness tampering.&amp; </li><li>The lawyers cited the First Amendment to defend SBF’s recent New York Times debacle.</li><li>Bankman-Fried previously came under fire for attempting to tamper with former colleagues Caroline Ellison and Ryne Miller.&amp; </li></ul><p>Sam Bankman-Fried is seeking a temporary release from jail ahead of his trial which is scheduled for October 3. Lawyers representing the disgraced FTX founder recently filed an appeal with the 2nd U.S. Circuit Court of Appeals, seeking his release after he was incarcerated for alleged witness tampering in the lawsuit filed against him by the U.S. Department of Justice.&amp; </p><h2><strong>Lack of Computer Access For Sam Bankman-Fried In Jail</strong></h2><p>The filing by Sam Bankman-Fried’s lawyers late on August 25 argued that he had exercised his First Amendment rights by sharing the personal writings of former Alameda Research CEO <a href="https://en.ethereumworldnews.com/prosecutor-ellison-note-sam-bankman-fried/">Caroline Ellison</a> with the New York Times. U.S. District Judge Michael Kaplan revoked the FTX founder’s bail on August 11 after finding probable cause for a witness tampering charge in this matter. </p><blockquote class="wp-block-quote"><p>It is unclear how a cooperating witness who has promised to testify against a defendant could be meaningfully threatened by nothing but their own statements being published by a reputable newspaper.”</p><cite>Sam Bankman-Fried&#8217;s lawyers</cite></blockquote><p>According to a report by <a href="https://www.reuters.com/legal/ftxs-bankman-fried-appeals-judges-decision-jail-him-pending-trial-2023-08-28/" rel="nofollow noopener">Reuters</a> earlier today, the court filing stated that Bankman-Fried’s actions were aimed at protecting himself rather than harassing or intimidating Ellison, a former member of his inner circle who is set to testify against him in the upcoming trial. The FTX founder previously came under fire for attempting to influence Ryne Miller, the former general counsel of FTX US, who is a potential witness in the lawsuit against his ex-boss. </p><p>Sam Bankman-Fried’s lawyers also highlighted the lack of computer access at the Brooklyn Metropolitan Detention Center, where the 31-year-old is currently being held. The lawyers claimed that the lack of computer access prevented the former FTX chief from analyzing evidence and preparing for the trial. Judge Kaplan previously allowed Bankman-Fried’s lawyers to meet him twice a week for six hours at a time.</p>]]></description><link>https://m.coinsnews.com/sam-bankman-fried-seeks-temporary-release-from-prison-before-trial</link><guid>611515</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/np_file_201275-770x511.jpeg</dc:content ><dc:text>Sam Bankman-Fried Seeks Temporary Release From Prison Before Trial</dc:text></item><item><title>Indian Crypto Exchange WazirX Pauses Fiat Withdrawals</title><description><![CDATA[<img width="770" height="454" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-770x454.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Indian Crypto Exchange WazirX Pauses Fiat Withdrawals 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-770x454.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-300x177.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-1024x604.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-1536x905.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-500x295.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-269x159.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-746x440.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-1376x811.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Indian Crypto Exchange WazirX Pauses Fiat Withdrawals 19"><ul><li>India-based WazirX has temporarily suspended Indian Rupee (fiat) withdrawals.&amp; </li><li>The pause is due to complications with the exchange’s payment partner bank.&amp; </li><li>The exchange has refused to provide an ETA on the resumption of INR withdrawals on the platform.&amp; </li><li>The crypto exchange has reportedly partnered with an alternate provider in the meantime.&amp; </li></ul><p>India-based crypto exchange WazirX has temporarily suspended <a href="https://en.ethereumworldnews.com/binance-australia-suspend-aud-withdrawal/">fiat</a> withdrawals from its trading platform. Customers of the largest Indian crypto exchange by volume have not been able to withdraw Indian Rupees (INR) for over 24 hours.&amp; </p><h2><strong>WazirX Token (WRX) Trading Volume Up 500%</strong></h2><p>According to the withdrawal page on WazirX’s trading platform, INR withdrawals are temporarily paused due to maintenance at their payment partner bank. The crypto exchange added that its team was working to resolve the issue and had partnered with an alternate payment service provider, and a “phased rollout” is already underway.&amp; </p><figure class="wp-block-image size-large is-resized"><img src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-1024x152.png" alt="Indian Crypto Exchange WazirX Pauses Fiat Withdrawals 18" class="wp-image-583820" width="939" height="139" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-1024x152.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-300x45.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-770x115.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-1536x229.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-269x40.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-746x111.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234-1376x205.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-234.png 1808w" sizes="(max-width: 939px) 100vw, 939px" title="Indian Crypto Exchange WazirX Pauses Fiat Withdrawals 18"><figcaption>WazirX Withdrawal Page</figcaption></figure><p>WazirX’s official X (formerly Twitter) is currently crowded with disgruntled customers who are demanding access to their funds on the platform. The crypto exchange informed customers that the alternate payment service provider had enabled an initial rollout of 10%. As for the resumption of fiat withdrawals, the exchange stated that its team was working to resolve the issue but refused to provide an ETA.&amp; </p><p>The P2P option is still available for customers who wish to sell their crypto assets to other users on the crypto exchange. In a statement to EWN, WazirX said it will try to roll out the INR withdrawal options for all customers within a couple of days. In the meantime, the exchange urged customers to be patient.</p><p>WazirX’s native token, WRX, had a visible decline in its price. WRX’s trading volume has skyrocketed more than 565% to $4.2 million over the past 24 hours. At the time of writing, the crypto exchange had a spot trading volume of $782,000.&amp; </p><p>WazirX found itself in regulatory trouble earlier this month after India’s Enforcement Directorate <a href="https://www.ndtv.com/india-news/probe-agency-seizes-rs-1-144-crore-in-crypto-fraud-cases-wazirx-gets-notice-4278168" rel="nofollow noopener">issued</a> a show cause notice to the crypto exchange’s operator in India, Zanmai Labs Pvt Ltd. The notice was issued under the Foreign Exchange Management Act, in connection with a $32.7 million money laundering scheme.&amp; </p>]]></description><link>https://m.coinsnews.com/indian-crypto-exchange-wazirx-pauses-fiat-withdrawals</link><guid>610836</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/indian-crypto-exchange-wazirx-moves-funds-after-binance-cuts-off-service-770x454.jpg</dc:content ><dc:text>Indian Crypto Exchange WazirX Pauses Fiat Withdrawals</dc:text></item><item><title>PEPE Accuses Project Co-Founders Of Stealing 16 Trillion Tokens</title><description><![CDATA[<img width="299" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="PEPE Accuses Project Co-Founders Of Stealing 16 Trillion Tokens 21" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1-1.jpg 299w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1-1-269x151.jpg 269w" sizes="(max-width: 299px) 100vw, 299px" title="PEPE Accuses Project Co-Founders Of Stealing 16 Trillion Tokens 21"><ul><li>PEPE has accused three of the project’s co-founders of stealing 16 trillion of the meme tokens.&amp; </li><li>The co-founders in question removed themselves from the multi-signature wallet after transferring the tokens.&amp; &amp; </li><li>The tokens remaining in the project’s multisig wallet have since been moved to a new address.&amp; </li><li>PEPE gained more than 11% following the clarification from its remaining founder.&amp; </li></ul><p>Popular memecoin project PEPE has accused its co-founders of operating in bad faith and stealing trillions of tokens from its multi-signature wallet. According to one of the project’s founders, three of the co-founders were responsible for the recent suspicious <a href="https://en.ethereumworldnews.com/pepe-down-16-outflow-multisig-changed/">transactions</a> from the multi-sig wallet which resulted in the outflow of over $15 million worth of the meme tokens. </p><h2><strong>Remaining PEPE In Multi-Sig Transferred To New Address</strong></h2><p>According to a lengthy <a href="https://twitter.com/pepecoineth/status/1695267128428114005" rel="nofollow noopener">tweet</a> on PEPE’s official X (formerly Twitter) account, the recent unexpected transactions involving trillions of tokens were the actions of three of the project’s four founders. One of the founders, who claims to be the only one remaining, told the PEPE community that the multi-signature was initially set up to require 3/4 signers present for approval. </p><p>However, internal strife in the project led to constant conflicts which hindered its progress when it came to making donations or purchases with the multi-sig tokens due to the unavailability of signers. Three of the four people involved in the creation of PEPE reportedly left the project a week after its launch.&amp; </p><p>As per the remaining founder, the three ex-team members returned on August 25 and logged into the multi-sig wallet to steal 16 trillion PEPE that were subsequently transferred to centralized crypto exchanges including Binance, OKX, and Kucoin where they were sold. The former team members then removed themselves from the multi-sig and gave its full control to the remaining founder.&amp; </p><p>The actions of the former team members led to a 16% decline in PEPE&#8217;s price since their transactions spooked investors and traders. The remaining founder confirmed that he had full control of the project’s X account, its multi-sig wallet, and the 10 trillion tokens in the wallet. The founder added that the remaining tokens had been moved to a new address.&amp; </p><blockquote class="wp-block-quote"><p>I am shocked at what took place and would like to apologize for all of the fear and uncertainty and any losses the actions of these bad actors have caused members of our community.”</p></blockquote><p>The founder told the PEPE community that the project was free of bad actors and had “clear roads ahead”. They added that they were in talks with prominent members of the crypto community to guide the project going forward. The clarification from the founder led to a hike of over 11% in PEPE’s price.&amp; </p>]]></description><link>https://m.coinsnews.com/pepe-accuses-project-co-founders-of-stealing-16-trillion-tokens</link><guid>610813</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1-1.jpg</dc:content ><dc:text>PEPE Accuses Project Co-Founders Of Stealing 16 Trillion Tokens</dc:text></item><item><title>Magnate Finance Rugs $6.4 Million From Base Users</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--770x514.png" class="webfeedsFeaturedVisual wp-post-image" alt="Magnate Finance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--770x514.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--746x498.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether-.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Magnate Finance Rugs $6.4 Million From Base Users 21"><ul><li>On-chain sleuth ZachXBT warned that the Magnate Finance team could disappear with $6.4 million in total value locked (TVL). </li><li>The team scrubbed their digital presence a few hours later in an apparent rug pull, Peckshield reported. </li><li>Zach noted that MagnateFi is linked to Solfire&#8217;s $4.8 million exit scam, another rug pull from earlier in January. </li><li>MagnateFi is the latest DeFi scam to occur on Coinbase&#8217;s burgeoning L2 network Base.</li></ul><p>The team behind Magnate Finance <a href="https://twitter.com/zachxbt/status/1694914871165345997?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/zachxbt/status/1694914871165345997?s=20" rel="noreferrer noopener nofollow">pulled</a> off an exit scam, rugging users of millions in crypto previously locked on the platform.</p><p>Blockchain security provider Peckshield said the team stole funds by manipulating a price oracle. Magnate&#8217;s TVL stood at $6.4 million before the rug pull, DeFiLlama data showed. The compromised price oracle allows the scammer to steal all user deposits.</p><p>Magnate Finance launched as a decentralized finance lender on Base, the first blockchain released by an American publicly traded company. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????????????The <a href="https://twitter.com/MagnateFi?ref_src=twsrc%5Etfw" rel="nofollow noopener">@MagnateFi</a> just performed a rugpull (w/ ~$6.5m loss) by directly manipulating the price oracle. <br><br>Here is the related hack tx: <a href="https://t.co/vjFFSNY27W" rel="nofollow">https://t.co/vjFFSNY27W</a> <a href="https://t.co/APJjRZAsCK" rel="nofollow">https://t.co/APJjRZAsCK</a> <a href="https://t.co/CHhxGqul83" rel="nofollow">pic.twitter.com/CHhxGqul83</a></p>&mdash; PeckShield Inc. (@peckshield) <a href="https://twitter.com/peckshield/status/1694947367030800601?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Magnate Finance Users Warned In Advance</h2><p><a href="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" rel="noreferrer noopener">Base</a> users of the DeFi lending service MagnateFi were alerted to a possible exit scam early on Friday by on-chain Sleuth ZachXBT. The blockchain Sherlock pointed to links between Magnate&#8217;s deployer address and another exit scam from January 2023, Solfire. Per reports, Solfire users lost at least $4 million in crypto. </p><p>At the time of writing, the team has scrubbed their digital presence from social media networks like X (formerly Twitter) and Telegram. The Magnate Finance website is also unavailable. </p><p>Not long after Zach again warned users of the exit scam, the team responded in Bizzare fashion. As tweeted by the on-chain sleuth, the team changed their X bio to &#8220;contract breached by Zach&#8221;. The exit scammer also replied to Zach&#8217;s thread with &#8220;We stick to the plan? 50-50?&#8221;. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Update: They replied to this thread and changed their bio <a href="https://t.co/mY6XPV5Ucg" rel="nofollow">pic.twitter.com/mY6XPV5Ucg</a></p>&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1694937355122045095?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The X account was subsequently deactivated and the team has made no public contact since then. Magnate Finance is the latest rug pull &#8211; the term assigned to crypto projects that steal user assets and disappear &#8211; to happen on Base and the broader DeFi ecosystem. </p><p>Base also suffered nearly half a million dollars after SwirLend vanished with user funds earlier in August. </p>]]></description><link>https://m.coinsnews.com/magnate-finance-rugs-64-million-from-base-users</link><guid>610544</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Deribit-Hot-Wallet-Hacked-For-28-Million-In-Bitcoin-And-Ether--770x514.png</dc:content ><dc:text>Magnate Finance Rugs $6.4 Million From Base Users</dc:text></item><item><title>PEPE Tanks 16% After Suspicious Transfers And Multisig Wallet Modification</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-770x428.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="PEPE Tanks 16% After Suspicious Transfers And Multisig Wallet Modification 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-770x428.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-300x167.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-500x278.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-269x149.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-746x414.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="PEPE Tanks 16% After Suspicious Transfers And Multisig Wallet Modification 21"><ul><li>PEPE has lost more than 16% of its value following a suspicious outflow of funds.&amp; </li><li>The threshold of keys for the project’s multi-signature wallet was reduced to two signatures.&amp; </li><li>PEPE tokens worth more than $15 million have since been transferred to centralized crypto exchanges.&amp; </li><li>The meme token’s price has tumbled to a two-month low of $0.0000009173.</li></ul><p>A series of suspicious transfers and internal modifications have led to a double-digit decline in the price of PEPE. Investors of the popular meme token were spooked earlier today after the crypto community on X (formerly Twitter) highlighted a major modification to the project’s multi-signature wallet. The suspicions were made worse by transfers of millions of dollars worth of the meme token to at least three crypto exchanges.&amp; </p><h2><strong>PEPE Multisig Wallet Threshold Reduced To 2 Signatures</strong></h2><p>Digital asset research firm ASXN <a href="https://twitter.com/asxn_r/status/1694827857694924924" rel="nofollow noopener">reported</a> earlier today that the PEPE tokens worth more than $15 million were sent to centralized crypto exchanges, including <a href="https://en.ethereumworldnews.com/mastercard-ends-binance-debit-card-tie-up/">Binance</a> ($6.5 million), OKX ($8.2 million), and Bybit ($434,000). Another $389,000 worth of the meme tokens were sent to a separate address.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Any reason why the PEPE multisig wallet changed the threshold to just 2/8 signatures? Seems weird, this isn&#39;t standard right?<br><br>Also, seems that some has been sent to exchanges <a href="https://t.co/1DVZIOvef8" rel="nofollow">pic.twitter.com/1DVZIOvef8</a></p>&mdash; CryptoNoddy (@Crypto_Noddy) <a href="https://twitter.com/Crypto_Noddy/status/1694813331968729497?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 24, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>In a major modification to the memecoin project’s multisig wallet, the threshold of keys was reduced from 5/8 signatures to just 2/8 signatures. This essentially meant that two out of eight signatories could approve transactions for the project. The multisig wallet initially received the funds from Binance, which were subsequently transferred to the above-mentioned exchanges. The multisig reportedly has $10.4 million worth of PEPE remaining. </p><p>The sudden changes to the project’s multisig wallet paired with the suspicious token transfers caused considerable panic among PEPE investors, leading to a 16.3% decline in the meme token’s price. At the time of writing, the token was trading at a two-month low of $0.0000009173. Additionally, the meme token’s daily trading volume surged by 110% to over $174 million. Data from Coinglass showed that more than $1.25 million worth of PEPE positions were liquidated over the past 24 hours.</p>]]></description><link>https://m.coinsnews.com/pepe-tanks-16-after-suspicious-transfers-and-multisig-wallet-modification</link><guid>610474</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/New-cryptos-set-to-pump-faster-than-the-Pika-and-Pepe-crypto-price-in-2023-770x428.jpg</dc:content ><dc:text>PEPE Tanks 16% After Suspicious Transfers And Multisig Wallet Modification</dc:text></item><item><title>Coinbase In Talks With Canadian Banks To Rally Support For Crypto</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase In Talks With Canadian Banks To Rally Support For Crypto 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-1376x688.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF.png 1400w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase In Talks With Canadian Banks To Rally Support For Crypto 21"><ul><li>Coinbase is reportedly holding talks with some of the largest financial institutions in Canada.&amp; </li><li>The exchange is trying to gather support for Canada’s crypto market following its official entry into the country.&amp; </li><li>The Royal Bank of Canada and the Imperial Bank of Commerce are likely among the ones talking with Coinbase.&amp; </li><li>The objective is to get Canada’s tier-one banks to start participating in the crypto economy.&amp; </li></ul><p>American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-suspend-usdt-dai-trading-canada/">Coinbase</a> is reportedly in talks with some of Canada’s largest banking institutions in a bid to gather support for the local crypto ecosystem. The California-based crypto exchange’s efforts to rally support for Canada’s crypto industry come just days after it officially announced its entry into the country’s crypto market. </p><h2><strong>Coinbase Wants Canada’s Top Banks To Participate In Crypto</strong></h2><p>Lucan Matheson, Coinbase’s Director of Canadian Operations, has reportedly been holding talks with the tier-one banks in Canada. CoinDesk <a href="https://www.coindesk.com/business/2023/08/24/coinbase-is-talking-with-canadian-banking-giants-to-promote-crypto/" rel="nofollow noopener">reported</a> earlier today that Canada’s largest banks, also known as the Big Five, may be among those targeted by the American crypto exchange. </p><p>The Big Five banks of Canada include the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Matheson has likely been holding talks with these banking giants to rally support for the local crypto ecosystem.&amp; </p><blockquote class="wp-block-quote"><p>We have five banks that have the majority of Canadians banking with them and so one of the things that I’m working on in Canada is working closely with tier one banks to start banking crypto and start supporting our industry.” </p><cite>Lucas Matheson, Director of Canadian Operations, Coinbase</cite></blockquote><p>According to Matheson, Canada has a “regulation by engagement” approach when it comes to regulating the crypto industry, as opposed to the “regulation by enforcement” approach in the United States. He hopes the country’s top banks will start participating in the crypto market over the next few quarters.</p><p>The Coinbase director added that Canadian regulators were working to come up with an appropriate regulatory regime for the country’s crypto market, in line with its ambition to become a leader in the space. The crypto exchange also plans to educate Canadian investors about the decentralized economy and its use cases in the payments space.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-in-talks-with-canadian-banks-to-rally-support-for-crypto</link><guid>610439</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0_NShmsm0FFFNBvgmF-770x385.png</dc:content ><dc:text>Coinbase In Talks With Canadian Banks To Rally Support For Crypto</dc:text></item><item><title>More Banking Trouble For Binance As Mastercard Ends Partnership</title><description><![CDATA[<img width="770" height="431" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-770x431.png" class="webfeedsFeaturedVisual wp-post-image" alt="More Banking Trouble For Binance As Mastercard Ends Partnership 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-770x431.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-300x168.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-500x280.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-746x417.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="More Banking Trouble For Binance As Mastercard Ends Partnership 21"><ul><li>Mastercard has ended its co-branded crypto debit card partnership with Binance.&amp; </li><li>The exchange’s crypto card programs in Brazil, Colombia, Argentina, and Bahrain will be suspended.</li><li>It is unclear why the fintech giant decided to pull out of the crypto partnership.&amp; </li><li>Mastercard has clarified that the decision will not affect its card programs with other crypto firms.&amp; </li></ul><p>Payment processing giant Mastercard has decided to end its crypto debit card program with <a href="https://en.ethereumworldnews.com/binance-us-moonpay-fiat-on-ramp/">Binance</a> in the Middle East and South America. The crypto exchange’s users in Bahrain, Brazil, Colombia, and Argentina will no longer be able to use their Binance co-branded Mastercard crypto debit card to make payments in fiat currencies. </p><h2><strong>Binance: Less Than 1% Users Will Be Affected</strong></h2><p>A Mastercard spokesperson said in an email that the company is set to end its co-branded debit card program with Binance, <a href="https://www.bloomberg.com/news/articles/2023-08-24/mastercard-to-end-its-binance-co-branded-card-partnership#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a> reported earlier today. It is unclear why the payment processing giant decided to end its partnership with the world’s largest crypto exchange. </p><p>Starting September 22, 2023, the crypto debit card users in the four countries mentioned above will not be able to spend the crypto holdings on their exchange accounts through the Mastercard crypto debit card. Binance Customer Support on X (formerly Twitter) <a href="https://twitter.com/BinanceHelpDesk/status/1694496033214976212?s=20" rel="nofollow noopener">stated</a> that less than 1% of the users in Latin America and the Middle East will be affected by Mastercard’s move. </p><blockquote class="wp-block-quote"><p>Binance accounts around the world are not affected. Where available, users can also shop with crypto and send crypto using Binance Pay, a contactless, borderless, and secure cryptocurrency payment technology designed by Binance.” </p></blockquote><p>The latest development comes amid mounting legal and regulatory trouble for Binance. The crypto exchange became the subject of enforcement actions earlier this year, leading to complications with banking partners. Mastercard clarified that the decision will not affect its other crypto card programs. The company has similar co-branded card tie-ups with crypto exchanges Gemini and Nexo.&amp; </p><p>Mastercard’s decision to end a high-profile crypto partnership comes nearly four months after it announced that it was looking to expand its crypto card tie-ups. The company’s head of crypto and blockchain, Raj Dhamodharan, stated in April 2023 that his company was seeking more partnerships with crypto firms despite the sector-wide crackdown by regulators.&amp; &amp; </p>]]></description><link>https://m.coinsnews.com/more-banking-trouble-for-binance-as-mastercard-ends-partnership</link><guid>610389</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Mastercard-partners-with-Binance-1024x573.jpeg-770x431.png</dc:content ><dc:text>More Banking Trouble For Binance As Mastercard Ends Partnership</dc:text></item><item><title>MEV Bots On Friend.tech Have Made Over $2 Million By Sniping Keys</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-770x385.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="MEV Bots On Friend.tech Have Made Over $2 Million By Sniping Keys 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-770x385.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-1024x512.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-500x250.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-1146x573.jpg 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-746x373.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="MEV Bots On Friend.tech Have Made Over $2 Million By Sniping Keys 21"><ul><li>MEV bots on friend.tech have made a profit of over $2 million since the platform’s launch.&amp; </li><li>BOT contracts have sniped more than 20,000 keys on the web3 social platform.&amp; </li><li>MEV searchers on friend.tech are actively attempting to snipe newly registered profiles.</li><li>The web3 social platform’s crypto address has received over 800,000 failed transactions in less than two weeks.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/friend-tech-incorrect-report-data-leak/">Friend.tech</a>, the web3 social platform that went live on Coinbase’s layer 2 network Base earlier this month, has grabbed the attention of those maximal extractable value (MEV) strategy deployers in the DeFi space. MEV bots on the platform have managed to accumulate more than $2 million in less than two weeks by sniping keys (formerly shares).</p><h2><strong>Over 800,000 Failed Transactions On Friend.tech</strong></h2><p>As per on-chain data compiled by 21.co on <a href="https://dune.com/21co/friendtech-analysis" rel="nofollow noopener">Dune Analytics</a>, 121 MEV bots on Friend.tech have profited $2.1 million since the platform’s mainnet went live on August 11, 2023. The bots have sniped more than 21,800 keys. The keys, which were previously known as shares, are the web3 social platform’s core asset. </p><p>The Dune Analytics dashboard showed that more than 800,000 failed transactions have been sent to friend.tech’s address in less than two weeks. On August 21 the failed transactions reached an all-time high of 308,860, which was 42% more than the successful transactions (216,070). The most number of sniping transactions also occurred on the same day.&amp; &amp; </p><p>Tom Wan, a research analyst at 21.co, revealed that the most profitable MEV bot accumulated more than half a million dollars by sniping 96 keys since the platform’s launch. The platform itself has generated nearly $7 million in fees in less than two weeks. Earlier this week, the active users on friend.tech crossed the 100,000 threshold and is currently at 112,082 users.&amp; </p><p>At the time of writing, Friend.tech’s total value locked (TVL) stood at $5.82 million. The platform has also distributed $3.45 million to its creators. According to Wan, the platform can improve by offering Bot/MEV protection, flexibility on the pricing model, and a better user interface. He added that the platform started facing competition from forks with better UX, different chains, and new features. </p>]]></description><link>https://m.coinsnews.com/mev-bots-on-friendtech-have-made-over-2-million-by-sniping-keys</link><guid>610156</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5JLQ76U74JGKVOCGRTQXZQNUJY-770x385.jpg</dc:content ><dc:text>MEV Bots On Friend.tech Have Made Over $2 Million By Sniping Keys</dc:text></item><item><title>Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization 21"><ul><li>Arthur Hayes believes that Bitcoin ETFs from BlackRock, Fidelity, etc. would harm decentralization.&amp; </li><li>Hayes recently stated that ETFs from TradFi giants could interfere with crypto mining firms.&amp; </li><li>The crypto entrepreneur projected that BTC will continue to hover around the $25,000 level in Q3 2023.&amp; </li><li>Hayes added that the U.S. Federal Reserve’s policies would eventually trigger a crypto rally.&amp; </li></ul><p>Arthur Hayes, the visionary entrepreneur behind crypto exchange BitMEX, believes that the traditional finance sector’s increasing interest in Bitcoin ETFs will end up harming the broader crypto industry by bringing down decentralization. The BitMEX founder added that the United States Federal Reserve will play a considerable role in triggering the next crypto rally.&amp; </p><h2><strong>Arthur Hayes</strong>: <strong>Bitcoin To Hover Around $25k In Q3 ‘2023</strong></h2><p>In a crypto trader <a href="https://cryptohayes.substack.com/p/kite-or-board" rel="nofollow noopener">digest</a> published earlier today, Arthur Hayes warned readers that traditional finance giants, including <a href="https://en.ethereumworldnews.com/nasdaq-blackrock-spot-bitcoin-etf-sec/">BlackRock</a>, Vanguard, and Fidelity are not bothered about decentralization in the crypto space. According to the crypto entrepreneur, their bid to offer an exchange-traded fund (ETF) that tracks the price of Bitcoin is an attempt to centralize assets on their balance sheets. </p><p>As per Hayes, in the event that the Securities and Exchange Commission (SEC) approves the several spot BTC ETF applications submitted over the past few months, banks and other financial regulators could restrict in kind restrictions of any crypto financial products offered. He added that the crackdown by U.S. regulators on crypto was aimed at discouraging small operators from offering crypto products.&amp; </p><blockquote class="wp-block-quote"><p>What I’m trying to say is that crypto itself was never the problem – this issue is who owns it.” </p><cite>Arthur Hayes </cite></blockquote><p>Arthur Hayes stated that once TradFi players start offering ETFs that track an index of publicly listed crypto mining firms, they will assume control of large voting blocks of the companies’ stocks. The asset management giants would then be able to interfere with management decisions, which would affect the ethos of the broader crypto industry.&amp; </p><p>Hayes believes that the Federal Reserve’s monetary policy in the face of the current economic landscape in the United States will eventually add cash to the economy. He added that cash would need a “home in finite-supply financial assets like crypto,” which could induce a crypto rally. As for Bitcoin, Hayes projected that the flagship cryptocurrency would continue to hover around $25,000 in Q3 ‘2023.</p>]]></description><link>https://m.coinsnews.com/arthur-hayes-says-blackrocks-bitcoin-etf-would-harm-decentralization</link><guid>610122</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/person-arthur-hayes-02-1-770x404.jpg</dc:content ><dc:text>Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization</dc:text></item><item><title>Tornado Cash Founders “Knowingly Facilitated” Money Laundering Says Federal Prosecutor</title><description><![CDATA[<img width="770" height="617" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tornado Cash" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-300x240.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-500x401.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-269x216.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-746x598.jpg 746w" sizes="(max-width: 770px) 100vw, 770px" title="Tornado Cash Founders “Knowingly Facilitated” Money Laundering Says Federal Prosecutor 21"><ul><li>Tornado Cash founders Roman Storm and Roman Semenov were charged with money laundering and sanctions violations.</li><li>U.S. Attorney Damien Williams said developers knew their technology was used to launder at least $1 billion in illicit profits.</li><li>The Treasury Department&#8217;s Office of Foreign Asset Control (OFAC) sanctioned Tornado Cash last over links to North Korea’s Lazarus Group.</li><li>Developer Alex Pertsev was arrested by Dutch police last year and later released on home arrest after nine months.</li></ul><p>The founders of OFAC-sanctioned crypto Tornado Cash face charges over $1 billion in illicit wealth allegedly laundered through the crypto tumbler.</p><p>Roman Storm and Roman Semenov were <a href="https://ofac.treasury.gov/recent-actions/20230823" target="_blank" data-type="URL" data-id="https://ofac.treasury.gov/recent-actions/20230823" rel="noreferrer noopener nofollow">arrested</a> following charges of money laundering and sanctions violations as the U.S. continues its crackdown on crypto businesses and decentralized financial tools. </p><p>Semenov in particular was added to the Treasury Department&#8217;s Office of Foreign Asset Control (OFAC) SDN list featuring &#8220;Specially Designated Nationals and Blocked Persons&#8221;. The OFAC also sanctioned eight Ethereum addresses owned by the founder. </p><p>Tornado Cash which allows users to anonymize crypto transactions on the Ethereum network was blacklisted by U.S. authorities last year. The U.S. linked to DeFi platform to the state-funded hacker group Lazarus in North Korea. </p><p>On Tuesday, U.S. Attorney Damien Williams wrote that Tornado Cash developers were aware that criminals laundered hundreds of millions of stolen funds through their crypto obfuscating service. </p><blockquote class="wp-block-quote"><p>While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes.</p></blockquote><p>The indictment signals prosecution for actors who knowingly violate U.S. laws by laundering money through cryptocurrencies, Attorney Williams added. </p><h2>Tornado Cash Caught In US Storm</h2><p>In addition to charges against Tornado Cash founders and massive money laundering charges, developer Alexey Pertsev was arrested by Dutch police for his involvement in the project. Pertsev spent nine months in detention before his <a href="https://en.ethereumworldnews.com/tornado-cash-alex-pertsev-tweets/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/tornado-cash-alex-pertsev-tweets/" rel="noreferrer noopener">release</a> on home arrest. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Sorry I was afk for a while, what did I miss? ????</p>&mdash; Alexey Pertsev (@alex_pertsev) <a href="https://twitter.com/alex_pertsev/status/1651961639388815363?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 28, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/tornado-cash-founders-knowingly-facilitated-money-laundering-says-federal-prosecutor</link><guid>609996</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg</dc:content ><dc:text>Tornado Cash Founders “Knowingly Facilitated” Money Laundering Says Federal Prosecutor</dc:text></item><item><title>USDC To Launch On 6 New Blockchains Including Polygon, Optimism And Base</title><description><![CDATA[<img width="770" height="431" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-770x431.png" class="webfeedsFeaturedVisual wp-post-image" alt="USDC To Launch On 6 New Blockchains Including Polygon, Optimism And Base 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-770x431.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-300x168.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-500x280.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-746x417.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="USDC To Launch On 6 New Blockchains Including Polygon, Optimism And Base 21"><ul><li>USDC is launching on six new blockchains including Polygon, Optimism, Polkadot, and Base.</li><li>The new additions would make the stablecoin available on 15 blockchains in total.&amp; </li><li>The decision comes a day after Coinbase acquired a stake in USD Coin issuer Circle Internet Financial.&amp; </li><li>The stablecoin was brought fully in-house by Circle after dissolving the Centre Consortium.&amp; </li></ul><p>USD Coin, the world’s second-largest stablecoin by market capitalization, will soon be available on six new blockchains. Circle Internet Financial, the issuer of the USDC, is set to launch the stablecoin on additional blockchains, including NEAR, Polkadot, and Base. The new additions would make USD Coin available on a total of 15 blockchains.&amp; </p><h2><strong>USDC Hopes To Boost Adoption With New Blockchains</strong></h2><p>Citing people familiar with the matter, The Block <a href="https://www.theblock.co/post/246978/usdc-launching-on-polygon-pos-base-and-polkadot-blockchains" rel="nofollow noopener">reported</a> earlier today that Circle plans to launch USDC on Optimism, Polygon PoS, Base, Polkadot, NEAR, and Cosmos via the Noble network. The stablecoin is currently available on Ethereum, Avalanche, Arbitrum, Stellar, Algorand, Tron, Flow, Solana and Hedera. </p><p>The extension to the new blockchains is expected to be announced later today. USD Coin’s extension is expected to provide a much-needed boost to the stablecoin’s adoption, whose market share has declined considerably this year. USDC’s market capitalization has lost more than $18 billion since the beginning of 2023, marking a year-to-date (YTD) decline of over 42%.&amp; </p><p>The report of USDC’s debut on additional blockchains comes a day after American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-suspend-usdt-dai-trading-canada/">Coinbase</a> announced that it was acquiring a minority stake in Circle. The Centre Consortium, which was responsible for governing the USDC, would simultaneously be dissolved, while Circle would bring the stablecoin fully in-house.  </p><p>Circle and Coinbase’s new partnership came amid major developments in the broader stablecoin market. Apart from competing with the world’s largest stablecoin Tether (USDT), USD Coin would now have to compete with PayPal’s recently unveiled stablecoin PYUSD. The latest developments have led to a 44% hike in USD Coin&#8217;s daily trading volume. </p>]]></description><link>https://m.coinsnews.com/usdc-to-launch-on-6-new-blockchains-including-polygon-optimism-and-base</link><guid>609997</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/usdc-1024x573-1-770x431.png</dc:content ><dc:text>USDC To Launch On 6 New Blockchains Including Polygon, Optimism And Base</dc:text></item><item><title>Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Lazarus" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says 21"><ul><li>Six addresses hold 1,580 Bitcoin (BTC) stolen by the North Korean-backed hacker group Lazarus.</li><li>The FBI said the assets originated from attacks on crypto entities like Alphapo, CoinsPaid, and Atomic Wallet.</li><li>Authorities previously attributed major hacks on DeFi bridges Harmony and Ronin to Lazarus. </li><li>The FBI warned that the TraderTraitor-affiliated actors Lazarus and APT38 could liquidate their BTC for $40 million at current market prices. </li></ul><p>The U.S. Federal Bureau of Investigation (FBI) alerted crypto companies of $41 million in stolen Bitcoin (BTC) controlled by North Korean &#8220;TraderTraitor-affiliated actors&#8221; known as Lazarus and APT38. </p><p>According to the FBI&#8217;s <a href="https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk" data-type="URL" data-id="https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk" target="_blank" rel="noreferrer noopener nofollow">statement</a> on Tuesday, Lazarus could move to cash in on 1,580 BTC heisted from several crypto service providers in 2023. The FBI attributed hacks on Alphapo, Atomic Wallet, and CoinsPaid to the Democratic People&#8217;s Republic of Korea (DPRK) funded hacker organizations. </p><p>Thefts from Alphapo, Atomic Wallet, and CoinsPaid <a href="https://en.ethereumworldnews.com/lazarus-exploits-atomic-wallet-alphapo/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/lazarus-exploits-atomic-wallet-alphapo/" rel="noreferrer noopener">resulted</a> in losses worth nearly $200 million in total, per on-chain analysts and the FBI. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????The FBI has traced 1,580 bitcoins, worth more than $40 million, stolen by North Korean hacking groups (Lazarus Group and APT38), stored in six addresses. The stolen funds included $60 million from <a href="https://twitter.com/hashtag/Alphapo?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Alphapo</a> and $37 million from <a href="https://twitter.com/hashtag/CoinsPaid?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#CoinsPaid</a>.????<br><br>Here is our previous analysis????… <a href="https://t.co/zB8nmjET7y" rel="nofollow">https://t.co/zB8nmjET7y</a></p>&mdash; SlowMist (@SlowMist_Team) <a href="https://twitter.com/SlowMist_Team/status/1694278648667455872?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 23, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>FBI investigators warned crypto companies to stay clear of the stolen cryptocurrencies tracked to six Bitcoin addresses &#8211; </p><ol><li>3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG</li><li>39idqitN9tYNmq3wYanwg3MitFB5TZCjWu</li><li>3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk</li><li>3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc</li><li>3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB</li><li>34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL</li></ol><h2>Lazarus Drained $2 Billion From Crypto</h2><p>DPRK&#8217;s Lazarus remains a stalwart exploiter of the nascent crypto industry with an estimated $2 billion stolen by the illicit organization, per an Elliptic report. Indeed, several attack vectors like social engineering, DDos, and phishing scams have been employed by the cybercriminal group against DeFi protocols and crypto entities. </p><p>DeFi analysts and the FBI concur that Lazarus was responsible for the $650 million hack on Sky Mavis&#8217; Ronin Bridge. The incident remains one of the largest hacks in crypto history. </p><p>Suspected North Korean hackers also stole $100 million from <a href="https://en.ethereumworldnews.com/north-koreas-lazarus-group-moves-funds-tied-to-100-million-harmony-bridge-hack/" data-type="URL" data-id="https://en.ethereumworldnews.com/north-koreas-lazarus-group-moves-funds-tied-to-100-million-harmony-bridge-hack/" target="_blank" rel="noreferrer noopener">Harmony&#8217;s Horizon Bridge</a> and another $100 million from Atomic Wallet, a crypto wallet provider. </p><p>&#8220;The FBI will continue to expose and combat the DPRK’s use of illicit activities—including cybercrime and virtual currency theft—to generate revenue for the regime.&#8221; said federal investigators from the FBI on Tuesday.</p><figure class="wp-block-image size-large"><img width="1024" height="436" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-1024x436.png" alt="Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says 15" class="wp-image-583775" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-1024x436.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-300x128.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-770x328.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-1536x654.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-269x115.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-746x318.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53-1376x586.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-23_12-43-53.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><p></p>]]></description><link>https://m.coinsnews.com/lazarus-could-dump-41-million-in-stolen-bitcoin-fbi-says</link><guid>609879</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png</dc:content ><dc:text>Lazarus Could Dump $41 Million In Stolen Bitcoin, FBI Says</dc:text></item><item><title>BlockFi Pushes Back On Repayment Sought By FTX &amp; Three Arrows Capital</title><description><![CDATA[<img width="770" height="520" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-770x520.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BlockFi Pushes Back On Repayment Sought By FTX &amp; Three Arrows Capital 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-770x520.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-300x203.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-1024x691.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-1536x1037.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-2048x1383.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-500x338.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-269x182.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-746x504.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-1376x929.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BlockFi Pushes Back On Repayment Sought By FTX &amp; Three Arrows Capital 21"><ul><li>BlockFi has filed objections to repayment sought by fellow bankrupt firms FTX and 3AC.&amp; </li><li>The bankrupt crypto lender has claimed that its clients and creditors are FTX’s ultimate victims.&amp; </li><li>As per the lender’s estimates, the legal battles with FTX and 3AC could cost its customers $1 billion.&amp; </li></ul><p>BlockFi has stated that it is ready to stop attempts by <a href="https://en.ethereumworldnews.com/ftx-users-175-million-genesis-settlement/">FTX</a> and Three Arrows Capital (3AC) to claw back billions of dollars in an attempt to repay their own stranded creditors. The defunct crypto lender has argued that its bankruptcy was the result of the fraud perpetrated by fellow bankrupt crypto firms. </p><h2><strong>BlockFi: Litigation With FTX &amp; 3AC Could Cost $1 Billion</strong></h2><p>According to a recent <a href="https://restructuring.ra.kroll.com/blockfi/Home-DownloadPDF?id1=MjQ2MzI3OA==&amp;id2=-1" rel="nofollow noopener">filing</a> in the U.S. Bankruptcy Court for the District of New Jersey, BlockFi claims that its clients and creditors are the “ultimate victims” of FTX’s fraud. The bankrupt crypto lender added that FTX’s attempts to recover claims worth $5 billion from its bankruptcy estate would do injustice to its creditors. </p><p>BlockFi pointed out that it was a victim of FTX and urged the bankruptcy court to reject the bankrupt crypto exchange’s claims under the doctrine of unclean hands. FTX previously stated that it would actively pursue the amount repaid to crypto lender before it collapsed in November last year. </p><p>The $5 billion in question refers to the amount lent to FTX, which it allegedly misappropriated. FTX attempted to remedy the situation by paying $400 million to BlockFi in June 2022, apart from acquiring equity in the troubled crypto lender via a loan agreement.</p><blockquote class="wp-block-quote"><p>Just because FTX’s fraudulent actions caused FTX’s bet to fail does not mean BlockFi’s creditors are now somehow liable to refund the purchase price.&#8221;</p></blockquote><p>Similarly, the bankrupt crypto lender argued that Three Arrows Capital was not entitled to repayment, claiming that the crypto hedge fund used fraud to borrow the funds in question. 3AC previously took out loans from the crypto lender in June last year, which were subsequently defaulted. This prompted the foreclosure on the collateral, leading to what 3AC’s liquidators described as a $220 million “preferential payment to BlockFi.&amp; </p><p>BlockFi also informed the bankruptcy court that litigation with FTX and 3AC would reduce the payout to its stranded customers by as much as $1 billion. The bankrupt lender owes between $1 billion and $10 billion to its creditors.&amp; </p>]]></description><link>https://m.coinsnews.com/blockfi-pushes-back-on-repayment-sought-by-ftx-three-arrows-capital</link><guid>609755</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/X35R4H5ZLZII5NAF5N65OUS5JA-770x520.jpg</dc:content ><dc:text>BlockFi Pushes Back On Repayment Sought By FTX &amp; Three Arrows Capital</dc:text></item><item><title>Former OpenSea Executive Sentenced To 3 Months In NFT Insider Trading</title><description><![CDATA[<img width="276" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Former OpenSea Executive Sentenced To 3 Months In NFT Insider Trading 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images.jpg 276w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-269x178.jpg 269w" sizes="(max-width: 276px) 100vw, 276px" title="Former OpenSea Executive Sentenced To 3 Months In NFT Insider Trading 21"><ul><li>A former OpenSea executive has been sentenced to three months in prison for insider trading.&amp; </li><li>The executive, Nathaniel Chastain, reportedly made over $50,000 in 2021 from his NFT insider trading scheme.&amp; </li><li>Chastain pled not guilty last year, claiming that no one told him he couldn&#8217;t use the insider information.&amp; </li></ul><p>A former OpenSea executive has been sentenced to three months in prison for perpetrating the first-ever insider trading scheme involving NFTs. Nathaniel Chastain, who worked as the Head of Product for the NFT marketplace, was found guilty of fraud and money laundering by a federal grand jury earlier this year. The former executive was <a href="https://en.ethereumworldnews.com/ex-opensea-exec-guilty-insider-trading/">convicted</a> less than two weeks after his trial began in April this year. </p><h2><strong>3 Years Supervised Release For Ex-OpenSea Executive After Jail</strong></h2><p>According to a <a href="https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-sentenced-prison-first-ever-digital-asset-insider" rel="nofollow noopener">press release</a> by the U.S. Attorney’s Office for the Southern District of New York, Nathaniel Chastain’s three-month-long prison term will be followed by another three months of home confinement. The former OpenSea executive will then face three years of supervised release. </p><blockquote class="wp-block-quote"><p>Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.”</p><cite>Damian Williams, U.S. Attorney SDNY</cite></blockquote><p>Federal prosecutors sought a two-year sentence for Chastain, citing a similar insider trading case involving a Coinbase manager who was sentenced earlier this year. However, the judge overseeing the ex-OpenSea executive’s case gave a lenient sentence, stating that he was a first-time offender and the proceeds from his NFT insider trading were considerably less than the Coinbase case.&amp; </p><p>Chastain was indicted by federal prosecutors in June last year. He was accused of abusing his position at OpenSea to buy NFTs that were set to be featured on the marketplace’s homepage. The former executive made more than $50,000 between June 2021 and September 2021 through his insider trading scheme.&amp; </p><p>Chastain reportedly used multiple wallets to route his funds and cover his tracks. After the former OpenSea executive was formally charged, his lawyers entered a not-guilty plea and later argued that no one told him that he couldn’t use or share the insider information in question.&amp; </p>]]></description><link>https://m.coinsnews.com/former-opensea-executive-sentenced-to-3-months-in-nft-insider-trading</link><guid>609722</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images.jpg</dc:content ><dc:text>Former OpenSea Executive Sentenced To 3 Months In NFT Insider Trading</dc:text></item><item><title>Binance US Partners With MoonPay Amid Debanking In The U.S</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance US Partners With MoonPay Amid Debanking In The U.S 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-269x151.png 269w" sizes="(max-width: 300px) 100vw, 300px" title="Binance US Partners With MoonPay Amid Debanking In The U.S 21"><ul><li>Binance US recently partnered with crypto startup MoonPay to enable crypto purchases via fiat.&amp; </li><li>The crypto exchange has been a “crypto-only” exchange since June 2023 after losing banking partners.&amp; </li><li>The exchange’s customers have been unable to deposit or withdraw dollars for more than two months.&amp; </li><li>The new USD on-ramp offered by MoonPay will allow users to exchange USD for USDT.&amp; </li></ul><p>Binance US recently partnered with crypto payments startup MoonPay to allow its customers to buy crypto assets on its trading platform. The American arm of the world’s largest crypto exchange, which transitioned to a “crypto-only” exchange earlier this year, is likely hoping to circumvent the payment disruptions that have prevented its customers from depositing or withdrawing US Dollars from the platform for more than two months.&amp; </p><h2><strong>Binance US To Use MoonPay’s USD On-Ramp</strong></h2><p>Binance US stated on its official website’s <a href="https://support.binance.us/hc/en-us/articles/16783463877655-MoonPay-FAQs" rel="nofollow noopener">FAQ</a> section that it had tapped MoonPay to enable efficient buying and selling of crypto assets for its users. The platform will continue to remain a crypto-only exchange for the time being but partnered with the crypto startup to make interacting with crypto easier for its customers. </p><p>MoonPay’s USD is integrated into the crypto exchange’s buy &amp; sell crypto feature, which will allow its users to purchase Tether (USDT) using conventional payment methods, including debit/credit cards, Apple Pay, Google Pay, etc. The USDT can subsequently be exchanged for the 150+ crypto assets listed on Binance US.&amp; </p><p>Binance US <a href="https://en.ethereumworldnews.com/binance-us-suspend-usd-withdrawal-june-13/">suspended</a> US Dollar deposits in early June after its banking partners ended support for fiat withdrawal channels. At the time, the payment disruption was blamed on the enforcement action initiated by the U.S. Securities and Exchange Commission (SEC). </p><p>Binance US stated that the legal troubles and complications stemming from the securities regulator’s actions led to challenges with its banking partners. Citing consumer protection, the crypto exchange announced a transition to a crypto-only exchange and subsequently began delisting USD trading pairs from its trading platform.&amp; </p><p>In December 2022, decentralized exchange Uniswap partnered with MoonPay to enable crypto purchases through fiat channels. The “Direct to DeFi” feature allowed the DEX’s users to directly purchase crypto using bank cards and transfers.&amp; </p>]]></description><link>https://m.coinsnews.com/binance-us-partners-with-moonpay-amid-debanking-in-the-us</link><guid>609675</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.png</dc:content ><dc:text>Binance US Partners With MoonPay Amid Debanking In The U.S</dc:text></item><item><title>Blur solidifies reign in NFT space with 60% trading volume market share</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Blur solidifies reign in NFT space with 60% trading volume market share 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Blur solidifies reign in NFT space with 60% trading volume market share 26"><ul><li>OpenSea remains on the sidelines as Blur dominates NFTs trading volume on Ethereum.</li><li>Although the general drop in interest has affected activity on Blur, its daily sales volume puts it ahead of OpenSea</li></ul><p><span style="font-weight: 400">Across Ethereum-native NFTs marketplaces, Blur remains dominant as the NFT marketplace and aggregator, accounting for nearly 60% of all trading volume on the chain, <a href="https://messari.io/report/consumer-brief-y00ts-migration-friend-tech-and-debank?utm_medium=organic_social&amp;utm_source=twitter_messari&amp;utm_campaign=blurdominance" target="_blank" rel="noopener nofollow">Messari</a> found in a new report.&amp; </span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Blur remains the dominant Ethereum NFT marketplace, with ~60% of total volume. <a href="https://t.co/FpV7yDG1YN" rel="nofollow">pic.twitter.com/FpV7yDG1YN</a></p><p>&mdash; Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1693636209518514321?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 21, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">Blur has gained significant traction since its launch in October 2022, overtaking industry leader OpenSea. Its popularity skyrocketed after its token airdrop event on 14 February.&amp; </span></p><p><span style="font-weight: 400">Prior to the airdrop, Blur held 48% of the NFT transfer volume in the market. However, its share jumped to 78% a few days after the airdrop. This caused OpenSea&#8217;s NFT transfer volume to drop by 21%.</span></p><p><figure id="attachment_583753" aria-describedby="caption-attachment-583753" style="width: 2400px" class="wp-caption alignnone"><img class="size-full wp-image-583753" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces.png" alt="Blur solidifies reign in NFT space with 60% trading volume market share 17" width="2400" height="1262" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces.png 2400w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-300x158.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-1024x538.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-770x405.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-1536x808.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-2048x1077.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-500x263.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-269x141.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-746x392.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/NFT_marketplaces-1376x724.png 1376w" sizes="(max-width: 2400px) 100vw, 2400px" title="Blur solidifies reign in NFT space with 60% trading volume market share 21"><figcaption id="caption-attachment-583753" class="wp-caption-text">Source: Glassnode</figcaption></figure></p><p><span style="font-weight: 400">While NFT trading volume across Blur has declined since then due to the drop in the general market interest in NFTs, data from <a href="https://dune.com/sealaunch/NFT" target="_blank" rel="noopener nofollow">Dune Analytics</a> revealed that the daily volume of NFT transactions completed on Blur still exceeds OpenSea.&amp; </span></p><p><figure id="attachment_583754" aria-describedby="caption-attachment-583754" style="width: 1376px" class="wp-caption alignnone"><img class="size-full wp-image-583754" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11.png" alt="Blur solidifies reign in NFT space with 60% trading volume market share 18" width="1376" height="658" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-300x143.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-1024x490.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-770x368.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-500x239.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-269x129.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.28.11-746x357.png 746w" sizes="(max-width: 1376px) 100vw, 1376px" title="Blur solidifies reign in NFT space with 60% trading volume market share 22"><figcaption id="caption-attachment-583754" class="wp-caption-text">Source: Dune Analytics</figcaption></figure></p><h3><strong>Collectors have continued to shy away from NFTs</strong></h3><p><span style="font-weight: 400">The year so far has been marked by a general decline in interest in NFTs as a category of digital assets. On a year-to-date, interest peaked around February, and NFT market capitalization and sales volume have since trended downward.&amp; </span></p><p><span style="font-weight: 400">According to <a href="https://nftgo.io/analytics/market-overview" target="_blank" rel="noopener nofollow">NFTGo</a>, the sum of the market capitalization of all collections has fallen by 46% in the past seven months. Also, the daily total volume of NFT sales across all collections has dropped by 98% within the same period. For context, this was $420.48 million on 19 February. As of 19 August, the sales volume recorded was less than $5 million.&amp; </span></p><p><figure id="attachment_583752" aria-describedby="caption-attachment-583752" style="width: 2624px" class="wp-caption alignnone"><img class="size-full wp-image-583752" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13.png" alt="Blur solidifies reign in NFT space with 60% trading volume market share 19" width="2624" height="952" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13.png 2624w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-300x109.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-1024x372.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-770x279.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-1536x557.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-2048x743.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-500x181.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-269x98.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-746x271.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.22.13-1376x499.png 1376w" sizes="(max-width: 2624px) 100vw, 2624px" title="Blur solidifies reign in NFT space with 60% trading volume market share 23"><figcaption id="caption-attachment-583752" class="wp-caption-text">Source: NFTGo</figcaption></figure></p><p><span style="font-weight: 400">Amid the waning interest, the values of blue-chip NFTs have also been affected. For example, as of this writing, the floor price of an NFT from the Bored Ape Yacht Club [BAYC] collection stood at 24 ETH. The last time the average price was this low was in August 2021, three months after it launched. This year alone, the collection’s floor price has plummeted by 64%.&amp; </span></p><p><figure id="attachment_583751" aria-describedby="caption-attachment-583751" style="width: 1260px" class="wp-caption alignnone"><img class="size-full wp-image-583751" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40.png" alt="Blur solidifies reign in NFT space with 60% trading volume market share 20" width="1260" height="814" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40.png 1260w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-300x194.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-1024x662.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-770x497.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-500x323.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-269x174.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.21.40-746x482.png 746w" sizes="(max-width: 1260px) 100vw, 1260px" title="Blur solidifies reign in NFT space with 60% trading volume market share 24"><figcaption id="caption-attachment-583751" class="wp-caption-text">Source: NFT Price Floor</figcaption></figure></p><p><span style="font-weight: 400">Another leading blue-chip NFT collection affected by the whirlwind of disinterest in digital collectibles is CryptoPunks. At a floor price of 47.39 ETH, one CryptoPunk NFT currently trades at a price last recorded in June 2022.&amp; </span></p><p>&amp; </p><p><figure id="attachment_583750" aria-describedby="caption-attachment-583750" style="width: 1224px" class="wp-caption alignnone"><img class="size-full wp-image-583750" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52.png" alt="Blur solidifies reign in NFT space with 60% trading volume market share 21" width="1224" height="762" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52.png 1224w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-300x187.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-1024x637.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-770x479.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-500x311.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-269x167.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-22-at-10.20.52-746x464.png 746w" sizes="(max-width: 1224px) 100vw, 1224px" title="Blur solidifies reign in NFT space with 60% trading volume market share 25"><figcaption id="caption-attachment-583750" class="wp-caption-text">Source: NFT Price Floor</figcaption></figure></p><p>&amp; </p>]]></description><link>https://m.coinsnews.com/blur-solidifies-reign-in-nft-space-with-60-trading-volume-market-share</link><guid>609566</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/artur-matosyan-4YWUMaftmag-unsplash-770x513.jpg</dc:content ><dc:text>Blur solidifies reign in NFT space with 60% trading volume market share</dc:text></item><item><title>Binance Says EUR Withdrawals Through SEPA Will Continue For 1 Month</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Says EUR Withdrawals Through SEPA Will Continue For 1 Month 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Says EUR Withdrawals Through SEPA Will Continue For 1 Month 26"><ul><li>Binance has confirmed that Euro withdrawals through the SEPA system will continue till September 25.&amp; </li><li>The crypto exchange previously stated that it had temporarily suspended Euro withdrawals and deposits via SEPA.&amp; </li><li>Some users may experience account closure, as part of the platform’s routine compliance checks.&amp; </li><li>The exchange is currently working to secure an alternative before the September deadline.&amp; </li></ul><p>Binance’s users in the European Union will be able to use the Single Euro Payments Area (SEPA) system to make Euro withdrawals from their trading account till next month. The crypto exchange confirmed earlier today that SEPA withdrawal and deposit service will remain live for users till September 25, 2023. The clarification came a day after the exchange stated that it had temporarily suspended EUR withdrawals and deposits.</p><h2><strong>Binance: Withdrawal Suspension Message Was Sent In Error</strong></h2><p>On August 20, Binance Customer Support on X (formerly Twitter) <a href="https://twitter.com/Bitfinexed/status/1693567598284144950" rel="nofollow noopener">told</a> a user that EUR withdrawals and deposits via the SEPA system had been temporarily suspended. The decision was taken after a Euro provider stopped supporting the crypto exchange’s transactions. At the time, the exchange stated that there was no ETA on the restoration of SEPA transfers, and encouraged users to use alternative methods to trade crypto. </p><p>Earlier today, the Binance Customer Support account on X <a href="https://twitter.com/BinanceHelpDesk/status/1693659553383223553" rel="nofollow noopener">stated</a> that the SEPA suspension message in the now-deleted tweet was sent in error. The account confirmed that SEPA withdrawals and deposits would be available for existing users till September 25. However, the service has been disabled for new users since June 25, 2023. </p><p>The exchange added that in the run-up to the September deadline, some users may be asked for additional information as part of the platform’s routine compliance checks. These checks can potentially lead to “early account closures” for some users. <a href="https://en.ethereumworldnews.com/srm-snm-yfii-down-25-binance-delisting/">Binance</a> reportedly plans to secure an alternate service provider before September 25. </p><p>Paysafe, Binance’s banking partner in Europe, confirmed to Decrypt earlier today that Euro withdrawals and deposits through the SEPA system would be available for European users till September. The decision to stop supporting the crypto exchange was reportedly taken back in June 2023 following a strategic review.&amp; </p>]]></description><link>https://m.coinsnews.com/binance-says-eur-withdrawals-through-sepa-will-continue-for-1-month</link><guid>609355</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/220304081941-binance-crypto-app-stock-770x433.jpg</dc:content ><dc:text>Binance Says EUR Withdrawals Through SEPA Will Continue For 1 Month</dc:text></item><item><title>Friend.tech Calls Out Incorrect Reports Alleging Data Leak</title><description><![CDATA[<img width="730" height="360" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Friend.tech Calls Out Incorrect Reports Alleging Data Leak 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg.webp 730w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg-300x148.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg-500x247.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg-269x133.webp 269w" sizes="(max-width: 730px) 100vw, 730px" title="Friend.tech Calls Out Incorrect Reports Alleging Data Leak 26"><ul><li>Friend.tech has called out a crypto news website that alleged that the platform’s database was leaked.&amp; </li><li>The Block previously reported that the details of over 100,000 friend.tech users had been leaked.&amp; </li><li>The social platform clarified that the user information was taken from its public API.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/wrapper-versions-friendtech-coingecko/">Friend.tech</a>, the web3 social platform recently launched on Coinbase’s layer 2 Base, has called out crypto news website The Block for incorrectly reporting a database leak. The website published an article earlier today, claiming that a data leak had revealed the ETH addresses of more than 100,000 friend.tech users. </p><h2><strong>Friend.tech Says “Leaked” Addresses Were Publicly Available</strong></h2><p>Friend.tech took to X (formerly Twitter) earlier today to call out The Block for alleging a database leak that supposedly revealed information about 101,000 of its users, including wallet addresses on Base, X usernames, X name, etc. The news outlet cited a Github repository shared by Yearn Finance developer Banteng, which contained the user database in question.</p><p>Friend.tech clarified that the user information was gathered by scraping their public API, which reportedly shows the association between public wallet addresses and public Twitter usernames. “It’s like saying someone hacked you by looking at your public Twitter feed,” the social platform added.&amp; </p><p>The news website has since altered its article and made corrections suggesting that the user data was publicly available and not obtained from a leak. However, the crypto community on X criticized the website for spreading FUD through inaccurate reports. The Block’s Director of Research got into a heated debate while defending the actions of his team. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">I think the debate goes into whether there was some public database (which should have been private) already linking the accounts and addresses that <a href="https://twitter.com/bantg?ref_src=twsrc%5Etfw" rel="nofollow noopener">@bantg</a> found and published or whether Bantg manually scraped and connected the accounts and addresses together.</p>&mdash; Steven (@Dogetoshi) <a href="https://twitter.com/Dogetoshi/status/1693623251249860755?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The incident highlighted friend/tech’s popularity, given that it managed to accumulate more than 100,000 users since its launch on August 10, 2023. Data from <a href="https://defillama.com/fees" rel="nofollow noopener">DeFiLlama</a> showed that the fees generated by the social platform exceeded $25 million. Data from Dune Analytics showed that the platform’s cumulative trading volume was nearly $56 million. The social platform has added more than 17,000 new users over the past 24 hours. </p>]]></description><link>https://m.coinsnews.com/friendtech-calls-out-incorrect-reports-alleging-data-leak</link><guid>609303</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Friend.tech-logo-jpg.webp</dc:content ><dc:text>Friend.tech Calls Out Incorrect Reports Alleging Data Leak</dc:text></item><item><title>Wrapper Versions Of Friend.Tech Shares Added To Coingecko Categories</title><description><![CDATA[<img width="770" height="340" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-770x340.png" class="webfeedsFeaturedVisual wp-post-image" alt="Friend.tech" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-770x340.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-300x132.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-1024x452.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-500x221.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-269x119.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-746x329.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143.png 1337w" sizes="(max-width: 770px) 100vw, 770px" title="Wrapper Versions Of Friend.Tech Shares Added To Coingecko Categories 27"><ul><li>Friend.tech competed with top-ranked DeFi platforms like Uniswap and Lido Finance, generating around $1.42 million in <a href="https://defillama.com/fees" target="_blank" data-type="URL" data-id="https://defillama.com/fees" rel="noreferrer noopener nofollow">fees</a>. </li><li>The social tokenization app also contributed to activity on Base, the recently launched L2 network incubated by Coinbase. </li><li>Community members are torn over whether Friend.tech could be another DeFi one-hit wonder as the hype continues. </li></ul><p>Crypto aggregator Coingecko <a href="https://twitter.com/coingecko/status/1693533945546330247?s=20" data-type="URL" data-id="https://twitter.com/coingecko/status/1693533945546330247?s=20" target="_blank" rel="noreferrer noopener nofollow">added</a> a category for wrapped versions of Friend.tech shares as the project continues to attract attention, sparking discourse among DeFi participants. </p><p>These tokens exist in the ERC-20 standard on <a href="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" rel="noreferrer noopener">Base</a>, a layer 2 blockchain incubated by crypto exchange Coinbase which launched in August. Wrapped versions of Friend.tech shares went live on August 19. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A frontend interface is coming shortly<br><br>But for the degens, here&#39;s how to mint your own ERC20 straight from the factory contract<br><br>Click &quot;Contract&quot; with the green check mark on the tabs, then &quot;Write Contract&quot;<br><br>Connect your wallet, then scroll and click on<br><br>&quot;3. mint (0x40c10f19)&quot;</p>&mdash; foobar (@0xfoobar) <a href="https://twitter.com/0xfoobar/status/1692989383853359601?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 19, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Friend.tech Hype</h2><p>The mobile app launched with an invite-only beta a day after Base opened for public access. The platform allows users to tokenize their X (formerly Twitter) accounts and sell a feature called &#8220;shares&#8221;. Shareholders are then afforded access to a private chat room owned by the account whose shares they bought. Users have drawn comparisons with a similar dapp called Bitclout.</p><p>The project has garnered attention and participation from DeFi users, reaching over 100,000 unique users shortly after launch per a Dune Analytics dashboard. </p><p>Observers also raised eyebrows regarding the long-term value proposition of the project and its pricing mechanism. Friend.tech employs a bonding curve that prices each share based on the number of shareholders. This also means the price of each share could increase as more users buy the shares of an account.</p><p>Bitclout, another platform that tokenized users&#8217; social media presence, offered a similar platform that eventually faded after the initial hype.</p><p>Community members also raised privacy concerns after a so-called leak of users&#8217; on-chain addresses. &#8220;This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter usernames&#8221;, the team responded.</p><p>Friend dot tech </p><p>The mobile-only social media decentralized app currently has no privacy policy page, leaving questions about the project&#8217;s approach to one of crypto&#8217;s most talked about topics. </p><figure class="wp-block-image size-large"><img width="1024" height="534" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-1024x534.png" alt="Wrapper Versions Of Friend.Tech Shares Added To Coingecko Categories 21" class="wp-image-583733" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-1024x534.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-300x156.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-770x402.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-269x140.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145-746x389.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-145.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" title="Wrapper Versions Of Friend.Tech Shares Added To Coingecko Categories 26"><figcaption><a href="https://www.friend.tech/" target="_blank" data-type="URL" data-id="https://www.friend.tech/" rel="noreferrer noopener nofollow">From Friend.tech</a></figcaption></figure>]]></description><link>https://m.coinsnews.com/wrapper-versions-of-friendtech-shares-added-to-coingecko-categories</link><guid>609227</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-143-770x340.png</dc:content ><dc:text>Wrapper Versions Of Friend.Tech Shares Added To Coingecko Categories</dc:text></item><item><title>OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional</title><description><![CDATA[<img width="770" height="401" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-770x401.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-770x401.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-300x156.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-1024x533.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-500x260.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-269x140.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-746x389.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional 26"><ul><li>OpenSea is set to disable the royalty enforcement function on its platform starting next month.&amp; </li><li>The NFT marketplace will remove its Operator Filter, making royalties optional for new collections.</li><li>Royalties will be enforced for collections that enable the Operator Filter before August 31, 2023.&amp; </li><li>NFT creators online have expressed frustration with the policy change.&amp; </li></ul><p>OpenSea has reversed its policy on royalties for NFT artists by making creator fees optional, citing competition from rival marketplaces, including Blur, LooksRare, and Dew. The leading <a href="https://en.ethereumworldnews.com/polygon-suku-launch-nft-minted-on-twitter/">NFT</a> marketplace announced earlier today that the changes would go into effect on August 31, 2023. Post this date, NFT artists who sell digital art on the platform will receive royalties on secondary sales only if the buyer chooses to pay it.&amp; </p><h2><strong>OpenSea Operator Filter To Be Disabled&amp; </strong></h2><p>In addition to making royalties optional, the OpenSea Operator Filter will also be shut down, the NFT marketplace stated in a <a href="https://opensea.io/blog/articles/creator-fees-update" rel="nofollow noopener">blog post</a>. Operator Filter, which was launched in November last year, is a tool used by NFT artists to restrict the sale of their collections to marketplaces that don&#8217;t enforce creator fees in secondary sales.&amp; </p><p>The objective of the Operator Filter was to empower NFT creators by giving them control over their artwork and web3 business models. But OpenSea claimed that the tool required the participation of everyone in the web3 ecosystem, which did not happen, prompting the change in the royalty policy.&amp; </p><p>According to OpenSea, the option creator fees would be more in line with the choice and ownership in the DeFi space. Starting August 31, the Operator Filter will not block any web3 marketplaces, making it easier for potential NFT buyers to identify secondary listings. This would include the creator’s preferred fees, as well as the option for buyers to modify the creator fees payment.&amp; </p><figure class="wp-block-image size-full"><img width="680" height="419" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3weDJEaYAAaR8c.webp" alt="OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional 21" class="wp-image-583718" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3weDJEaYAAaR8c.webp 680w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3weDJEaYAAaR8c-300x185.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3weDJEaYAAaR8c-269x166.webp 269w" sizes="(max-width: 680px) 100vw, 680px" title="OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional 25"><figcaption>Declining Royalties On OpenSea</figcaption></figure><p>However, for NFT creators who enable the OpenSea Operator Filter for their collection before August 31, the NFT marketplace will enforce the creator’s preferred royalty on all secondary sales till February 29, 2024. This option will also be extended to existing collections on all non-Ethereum blockchains.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Craziest thing Opensea ever did was make creator royalties optional. <br><br>Shortsighted knee jerk reaction to compete with Blur, which will end up dying anyway. <a href="https://t.co/G4aPWmrwJx" rel="nofollow">pic.twitter.com/G4aPWmrwJx</a></p>&mdash; HashBastards (@HashBastardsNFT) <a href="https://twitter.com/HashBastardsNFT/status/1679874172036554753?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The NFT community on X (formerly Twitter) expressed frustration with OpenSea’s decision to make creator fees optional. NFT artists questioned the incentive to stay with OpenSea instead of going to rival marketplaces like Blur.&amp; </p>]]></description><link>https://m.coinsnews.com/opensea-shuts-down-royalty-enforcement-makes-creator-fees-optional</link><guid>608339</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/nft_opensea_website_large_1642485121736-770x401.jpg</dc:content ><dc:text>OpenSea Shuts Down Royalty Enforcement, Makes Creator Fees Optional</dc:text></item><item><title>Coinbase Set To Suspend USDT Trading In Canada This Month</title><description><![CDATA[<img width="770" height="435" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-770x435.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Set To Suspend USDT Trading In Canada This Month 25" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-770x435.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-1024x578.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-1536x867.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-2048x1156.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-500x282.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-269x152.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-746x421.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-1376x777.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Set To Suspend USDT Trading In Canada This Month 29"><ul><li>Coinbase is set to suspend trading of USDT, DAI, and RAI in Canada at the end of the month.&amp; </li><li>The exchange stated that the decision was based on recent reviews and internal listing standards.&amp; </li><li>Users will be able to deposit and withdraw the discontinued stablecoins following the suspension.&amp; </li><li>Crypto.com withdrew support for USDT in Canada earlier this year at the direction of the local securities regulator.&amp; </li></ul><p>Coinbase is set to suspend the trading of three popular stable assets in Canada, including the world’s largest stablecoin by market capitalization, Tether USD (USDT), at the end of this month. The other stablecoins include DAI and the Rai Reflex Index (RAI), a non-pegged Ether-backed stable asset commonly used on decentralized finance protocols.&amp; </p><h2><strong>Coinbase Will Allow Access To Suspended Stablecoins</strong></h2><p>In an email to its users earlier today, <a href="https://en.ethereumworldnews.com/coinbase-approval-crypto-futures-stock-5/">Coinbase</a> announced that it would suspend trading in Canada for USDT, DAI, and RAI on August 31, 2023. According to the crypto exchange, the decision was made based on recent reviews, which indicated that the stable assets did not meet the platform’s listing standards, which all assets are regularly monitored for. </p><figure class="wp-block-image size-full"><img width="919" height="675" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225.png" alt="Coinbase Set To Suspend USDT Trading In Canada This Month 24" class="wp-image-583712" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225.png 919w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225-300x220.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225-770x566.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225-269x198.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-225-746x548.png 746w" sizes="(max-width: 919px) 100vw, 919px" title="Coinbase Set To Suspend USDT Trading In Canada This Month 28"></figure><p>Coinbase clarified that the trading suspension will not affect Canadian customers’ access to USDT, DAI, and RAI and that the users will be able to deposit and withdraw the stable assets from their wallets following the suspension. None of the stable assets had a considerable change in their prices following the announcement of the suspension.&amp; </p><p>Coinbase’s announcement comes less than a week after it officially launched its services in Canada’s crypto market. The move came after months of collaboration between the California-based crypto exchange and Canadian regulators and policymakers.&amp; </p><p>Earlier this year, fellow crypto exchange Crypto.com ended support for USDT after it was directed to do so by the Ontario Securities Commission (OSC). In December 2022, the Canadian Securities Administrators (CSA) stated that value-pegged crypto assets, including Tether, qualified as securities in the country.&amp; </p><p>Ironically, Tether <a href="https://tether.to/en/tether-makes-strategic-transition-to-meet-community-demands-and-foster-innovation/" rel="nofollow noopener">withdrew</a> support for Bitcoin Cash SLP, Omni Layer, and Kusama. The decision was reportedly part of a strategic transition based on the crypto industry’s demands. </p>]]></description><link>https://m.coinsnews.com/coinbase-set-to-suspend-usdt-trading-in-canada-this-month</link><guid>608246</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1232296731-1-770x435.jpg</dc:content ><dc:text>Coinbase Set To Suspend USDT Trading In Canada This Month</dc:text></item><item><title>SEC vs Ripple: Judge Torres Allows Interloctury Appeal From Securities Watchdog</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Ripple" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="SEC vs Ripple: Judge Torres Allows Interloctury Appeal From Securities Watchdog 28"><ul><li>The SEC has until August 18 to file its motion and Ripple must submit opposition papers by September 1.</li><li>On August 16, the XRP issuer with co-founders Brad Garlinghouse and Chris Larsen opposed the SEC’s request for an interlocutory appeal. </li><li>The co-defendants argued that the SEC failed to meet the burden of proof to support classifying programmatic sales of XRP as securities.</li></ul><p>A Thursday ruling <a href="https://twitter.com/eleanorterrett/status/1692229671725723998?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" data-type="URL" data-id="https://twitter.com/eleanorterrett/status/1692229671725723998?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" target="_blank" rel="noreferrer noopener nofollow">granted</a> the U.S. Securities and Exchange Commission permission to file an interlocutory appeal in its case against XRP issuer and blockchain company, Ripple Labs. The SEC has until August 18th to file its motion.</p><p>This approval comes a day after Ripple Labs and co-defendants Brad Garlinghouse and Chris Larsen <a href="https://en.ethereumworldnews.com/ripple-opposes-sec-interlocutory-appeal/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ripple-opposes-sec-interlocutory-appeal/" rel="noreferrer noopener">opposed</a> the SEC’s request for an interlocutory appeal, per court documents seen on August 16. </p><p>The co-defendants argued that the SEC failed to meet the burden of proof to support classifying programmatic sales of XRP as securities.</p><p>After the SEC files its motion on Friday, the digital asset company is expected to submit opposition arguments by September 1. Thursday&#8217;s ruling allows the SEC to file a motion to appeal, not to be mistaken for Judge Torres&#8217;s approval of the appeal itself.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????NEW: <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Ripple</a> GC <a href="https://twitter.com/s_alderoty?ref_src=twsrc%5Etfw" rel="nofollow noopener">@s_alderoty</a> tells <a href="https://twitter.com/RealVision?ref_src=twsrc%5Etfw" rel="nofollow noopener">@RealVision</a>&#39;s <a href="https://twitter.com/AshBennington?ref_src=twsrc%5Etfw" rel="nofollow noopener">@AshBennington</a>: <br><br>&quot;We&#39;re not afraid of an appeal. We think we would win on an appeal&#8230;but let&#39;s get there on an ordinary course. Let&#39;s stop bending the rules to accommodate the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="nofollow noopener">@SECGov</a>&#39;s strategy of regulation by enforcement.&quot;</p>&mdash; Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1692218009132150831?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 17, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>SEC vs Ripple Headed To Trial</h2><p>The SEC&#8217;s interlocutory motion seeks to appeal a specific ruling from Judge Torres. Previously, Judge Torres issued a summary judgment in partial favor of Ripple Labs. The verdict said programmatic sales of XRP did not qualify as securities considering the Howey test. </p><p>However, XRP sales to institutional investors met the Howey standard for classifying securities. SEC vs Ripple Labs et all is scheduled for trial in the Southern District of New York by Q2 2024. </p><p>There&#8217;s a deadline of December 4, 2023 for all parties to submit any filings and motions to exclude evidence from a jury, per court documents. </p><p>Garlinghouse and Larsen, Ripple co-founders, also face charges of aiding and abetting violations of U.S. securities laws. </p>]]></description><link>https://m.coinsnews.com/sec-vs-ripple-judge-torres-allows-interloctury-appeal-from-securities-watchdog</link><guid>608247</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg</dc:content ><dc:text>SEC vs Ripple: Judge Torres Allows Interloctury Appeal From Securities Watchdog</dc:text></item><item><title>FTX Victims Upset Over $175 Million Bankruptcy Claim Settlement With Genesis</title><description><![CDATA[<img width="298" height="169" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Victims Upset Over $175 Million Bankruptcy Claim Settlement With Genesis 24" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.jpg 298w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-269x153.jpg 269w" sizes="(max-width: 298px) 100vw, 298px" title="FTX Victims Upset Over $175 Million Bankruptcy Claim Settlement With Genesis 28"><ul><li>FTX’s stranded customers have expressed disappointment over the recent bankruptcy claim settlement.&amp; </li><li>The bankrupt exchange recently reached a $175 million deal to settle bankruptcy claims with Genesis.&amp; </li><li>The deal was significantly lower than the original claim amount of nearly $4 billion.&amp; </li><li>The exchange’s CEO John Ray III endorsed the settlement in the interest of concluding the Chapter 11 proceedings.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/ftx-ryan-salame-plea-deal-prosecutors/">FTX</a> has settled its bankruptcy claims against fellow bankrupt crypto Genesis. The agreement will allow the defunct crypto exchange’s sister firm Alameda Research to claim $175 million from the bankruptcy estate of Genesis. However, the claim amount is significantly less than the original claim of nearly $4 billion, which has caused considerable outrage among FTX’s stranded customers. </p><h2><strong>FTX CEO John Ray Supports Settlement With Genesis</strong></h2><p>In a <a href="https://restructuring.ra.kroll.com/genesis/Home-DownloadPDF?id1=MjQ2MTUwMg==&amp;id2=-1" rel="nofollow noopener">filing</a> earlier today, Genesis’ lawyers requested Judge Sean Lane of the U.S. Bankruptcy Court for the Southern District of New York to approve the proposed settlement. Genesis stated in the filing that the settlement would help speed up its Chapter 11 proceedings, which begin in early 2023. </p><p>In addition to paying $175 million to FTX’s bankruptcy estate, the proposed settlement would also waive Genesis’ claims of more than $226 million against the bankrupt crypto exchange. Genesis Global Capital previously revealed that the Bahamas-based exchange was its largest unsecured creditor.&amp; </p><p>FTX made a parallel <a href="https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MjQ2MTQ0MA==&amp;id2=-1" rel="nofollow noopener">filing</a> where it’s current CEO John Ray III endorsed the latest deal with Genesis. Ray added that the settlement agreement saved both parties from a long and expensive legal process that would be harmful to their respective stakeholders. </p><blockquote class="wp-block-quote"><p>It is my view that the Settlement Agreement is the result of these good faith arm’s-length negotiations between the Parties and that such negotiations were free of any collusion.”</p><cite>John Ray, CEO of FTX</cite></blockquote><p>FTX’s stranded customers took issue with the deal, given that it was significantly less than the original $3.9 billion claim. FTX 2.0 Coalition, a community of the exchange’s users working to restart the platform, described it as “the worst deal to date.” Other users alleged collusion between John Ray and Genesis’ executives and urged the Unsecured Creditors Committee to oppose the said deal. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">FTX asks court to settle Genesis dispute for a $175 million Genesis claim, the release of a $175 million customer claim and (near worthless) Alameda claims.<br><br>Down from first $3.9 billion to $2 billion asserted, this must be the worst deal to date, especially in light of the new… <a href="https://t.co/ipxHuWMU4A" rel="nofollow">pic.twitter.com/ipxHuWMU4A</a></p>&mdash; FTX 2.0 Coalition (@AFTXcreditor) <a href="https://twitter.com/AFTXcreditor/status/1692092064027086890?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 17, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>News of the $175 million settlement comes less than a month after both parties reached an in-principle agreement to resolve the claims they made amid their ongoing dispute. On July 28, legal representatives of FTX and Genesis informed Judge Lane that they had found common ground regarding a settlement and intended to proceed with documentation shortly.</p>]]></description><link>https://m.coinsnews.com/ftx-victims-upset-over-175-million-bankruptcy-claim-settlement-with-genesis</link><guid>608183</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download.jpg</dc:content ><dc:text>FTX Victims Upset Over $175 Million Bankruptcy Claim Settlement With Genesis</dc:text></item><item><title>L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-770x428.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Shibarium" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-770x428.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-300x167.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-500x278.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-269x149.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-746x414.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped 29"><ul><li>The price of Shiba Inu (SHIB) dipped over 8% in the past 24 hours following what on-chain sleuth ZachXBT described as a &#8220;sloppy launch&#8221;. </li><li>Transactions on the newly launched Shibarium bridge stopped for at least four hours at the time of writing. </li><li>On-chain data also showed more than 1000 Ether (ETH) worth $1.7 million stuck in limbo as users bridged crypto to the layer 2 network. </li><li>Unconfirmed reports claim that developers are unable to recover the trapped ETH.</li></ul><p>On-chain data showed at least 1000 Ether (ETH) worth $1.7 million trapped on the Shibarium layer 2 network after its late launch on Wednesday. Users attempted to send funds via a bridge &#8211; a crypto tool used to move assets from one blockchain network to another. </p><p>At the time of writing, transactions on the blockchain <a href="https://www.shibariumscan.io/" target="_blank" data-type="URL" data-id="https://www.shibariumscan.io/" rel="noreferrer noopener nofollow">remained</a> halted for over four hours. Users also sent $750,000 worth of a Shibarium governance token dubbed BONE to the smart contract. These funds are currently stuck along with users&#8217; ETH tokens. </p><p>Shortly after the rocky start, the project&#8217;s Discord <a href="https://www.coindesk.com/tech/2023/08/17/shib-plunges-9-on-apparent-shibarium-bridge-issues/?utm_term=organic&amp;utm_source=twitter&amp;utm_campaign=coindesk_main&amp;utm_medium=social&amp;utm_content=editorial" target="_blank" data-type="URL" data-id="https://www.coindesk.com/tech/2023/08/17/shib-plunges-9-on-apparent-shibarium-bridge-issues/?utm_term=organic&amp;utm_source=twitter&amp;utm_campaign=coindesk_main&amp;utm_medium=social&amp;utm_content=editorial" rel="noreferrer noopener nofollow">reportedly</a> blocked users from sending messages. Unconfirmed reports also claimed that developers are unable to recover the trapped assets. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="ro" dir="ltr">RPC nonfunctional <a href="https://t.co/fc0di24nxI" rel="nofollow">pic.twitter.com/fc0di24nxI</a></p>&mdash; ʎppɐꓷ ɯooɹɥS (@shroom_daddy) <a href="https://twitter.com/shroom_daddy/status/1691953687994757292?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>&#8220;RPC is dead and also awful block explorer. it’s a sloppy launch regardless&#8221; said acclaimed on-chain sleuth ZachXBT as crypto X (formerly Twitter) users lodged their dissatisfaction with the launch. The price of Shiba inu (SHIB) tokens slumped over 8% following the botched rollout. </p><figure class="wp-block-image size-large"><img width="1024" height="412" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-1024x412.png" alt="L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped 23" class="wp-image-583697" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-1024x412.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-300x121.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-770x310.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-1536x618.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-269x108.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-746x300.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21-1376x554.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-17_11-20-21.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped 28"><figcaption><strong><a href="https://www.tradingview.com/symbols/SHIBUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noreferrer noopener">SHIB/USDT by TradingView</a></strong></figcaption></figure><h2>Shibarium L2</h2><p>The <a href="https://en.ethereumworldnews.com/shibarium-to-launch-in-august-what-this-means-for-shib/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/shibarium-to-launch-in-august-what-this-means-for-shib/" rel="noreferrer noopener">Shibarium</a> network is a layer 2 blockchain first proposed in 2021 by Ryoshi, the anonymous creator of Shiba Inu. Ryoshi&#8217;s idea aimed to pivot SHIB&#8217;s utility from the crazed memecoin hype in August 2020 to a fast blockchain offering cheap decentralized finance services for web3 users. </p><p>Shibarium&#8217;s development centered on an ecosystem for gaming apps and metaverse activities. Per reports, the network will tap several tokens like BONE for governance, as well as SHIB and LEASH for fees and dapp operability. </p>]]></description><link>https://m.coinsnews.com/l2-blockchain-shibarium-halted-for-over-4-hours-17-million-eth-trapped</link><guid>608063</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Shibarium-Bridge-Halted-For-Over-4-Hours-1.7-Million-ETH-Trapped-770x428.jpg</dc:content ><dc:text>L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped</dc:text></item><item><title>Curve 3pool Sees Increased Outflows Since hack</title><description><![CDATA[<img width="770" height="481" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-770x481.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Curve 3pool Sees Increased Outflows Since hack 27" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-770x481.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-300x188.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-1024x640.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-1536x960.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-2048x1280.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-500x313.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-269x168.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-746x466.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-1376x860.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Curve 3pool Sees Increased Outflows Since hack 33"><p></p><ul><li><em>The stablecoins that makeup Curve&#8217;s 3pool have seen increased outflows since the hack.</em></li><li><em>The demand for CRV continues to fall, putting downward pressure on price.</em></li></ul><p><span style="font-weight: 400">In the aftermath of Curve’s reentrancy exploit of July 30, 3pool, one of the decentralized exchange&#8217;s (DEX) prominent liquidity pools, continue to experience capital flight, research firm Kaiko noted in a recent </span><a href="https://research.kaiko.com/insights/curve-3pool-sees-175m-outflows" target="_blank" rel="noopener nofollow"><span style="font-weight: 400">report</span></a><span style="font-weight: 400">.</span></p><figure id="attachment_583677" aria-describedby="caption-attachment-583677" style="width: 1320px" class="wp-caption alignnone"><img class="size-full wp-image-583677" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png.webp" alt="Curve 3pool Sees Increased Outflows Since hack 23" width="1320" height="720" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png.webp 1320w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-300x164.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-1024x559.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-770x420.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-500x273.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-269x147.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-6.png-746x407.webp 746w" sizes="(max-width: 1320px) 100vw, 1320px" title="Curve 3pool Sees Increased Outflows Since hack 29"><figcaption id="caption-attachment-583677" class="wp-caption-text">Source: Kaiko</figcaption></figure><p><span style="font-weight: 400">According to Kaiko, Curve’s 3pool represents one of its “most important sources of liquidity for DAI, USDC, and USDT” and has seen $175 million since the hack.&amp; </span></p><p><span style="font-weight: 400">USDC has seen the most outflows of all the three stablecoins that make up the currency reserves in the pool. Since the exploit, liquidity providers have removed USDC coins worth $125 million from 3pool. DAI comes in second place with outflows that totaled $60 million, “$25mn of which came in just three transactions on July 31,” the report stated.</span></p><p><span style="font-weight: 400">Regarding Tether’s USDT, Kaiko found that it has remained roughly even in the Curve 3pool, despite the increased removal of the other stablecoins.</span></p><p><span style="font-weight: 400">According to Kaiko, this suggests that investors are becoming more skittish about USDT. This is because USDT makes up a disproportionate amount of the pool, so a run on USDT could cause the pool to depeg.</span></p><p><span style="font-weight: 400">The fact that users are incentivized to remove USDT from the Curve 3pool is a sign that they are worried about the stability of USDT. This could lead to further outflows from the pool, which could put downward pressure on the price of USDT.</span></p><p><span style="font-weight: 400">The total currency reserves in Curve&#8217;s 3pool at press time was $3 million. USDT accounted for the largest share of the reserves, with $1.43 million, or 48.20%. USDC was the second-largest reserve, with $423,654, or 14.25%. DAI was the third-largest reserve, with $1.11 million, or 38%.</span></p><figure id="attachment_583678" aria-describedby="caption-attachment-583678" style="width: 1352px" class="wp-caption alignnone"><img class="size-full wp-image-583678" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35.png" alt="Curve 3pool Sees Increased Outflows Since hack 24" width="1352" height="580" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35.png 1352w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-300x129.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-1024x439.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-770x330.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-500x214.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-269x115.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-16-at-09.43.35-746x320.png 746w" sizes="(max-width: 1352px) 100vw, 1352px" title="Curve 3pool Sees Increased Outflows Since hack 30"><figcaption id="caption-attachment-583678" class="wp-caption-text">Source: Curve Finance</figcaption></figure><h3><b>CRV continues to dwindle amid increased sell-offs</b></h3><p><span style="font-weight: 400">At press time, CRV exchanged hands at $0.5597. According to </span><a href="https://coinmarketcap.com/currencies/curve-dao-token/" rel="nofollow noopener"><span style="font-weight: 400">CoinMarketCap</span></a><span style="font-weight: 400">, the altcoin’s value has plummeted by 32% in the last month.&amp; </span></p><figure id="attachment_583675" aria-describedby="caption-attachment-583675" style="width: 1394px" class="wp-caption alignnone"><img class="size-full wp-image-583675" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap.jpeg" alt="Curve 3pool Sees Increased Outflows Since hack 25" width="1394" height="792" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap.jpeg 1394w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-300x170.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-1024x582.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-770x437.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-500x284.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-269x153.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-746x424.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRV_1M_graph_coinmarketcap-1376x782.jpeg 1376w" sizes="(max-width: 1394px) 100vw, 1394px" title="Curve 3pool Sees Increased Outflows Since hack 31"><figcaption id="caption-attachment-583675" class="wp-caption-text">Source: CoinMarketCap</figcaption></figure><p><span style="font-weight: 400">Amid the fear of a complete liquidation of Michael Egorov’s collateral on Aave following the hack, the count of transactions involving CRV has dropped since 30 July. According to Santiment, the count of daily active addresses that trade CRV has declined by 94% since the hack.&amp; </span></p><p><span style="font-weight: 400">Likewise, CRV has failed to draw in new demand as people continue to close their trading positions. Data from <a href="https://app.santiment.net/charts/FoSzIDuW__sCl" target="_blank" rel="noopener nofollow">Santiment</a> revealed a 90% decrease in the number of new addresses that have been created to trade CRV since the hack.&amp; </span></p><figure id="attachment_583676" aria-describedby="caption-attachment-583676" style="width: 3840px" class="wp-caption alignnone"><img class="size-full wp-image-583676" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023.png" alt="Curve 3pool Sees Increased Outflows Since hack 26" width="3840" height="1300" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023.png 3840w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-on-Ethereum-CRV-09.39.40-16-Aug-2023-1376x466.png 1376w" sizes="(max-width: 3840px) 100vw, 3840px" title="Curve 3pool Sees Increased Outflows Since hack 32"><figcaption id="caption-attachment-583676" class="wp-caption-text">Source: Santiment</figcaption></figure><p><span style="font-weight: 400">&amp; &amp; </span></p><p>&amp; </p>]]></description><link>https://m.coinsnews.com/curve-3pool-sees-increased-outflows-since-hack</link><guid>608064</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/pepi-stojanovski-MJSFNZ8BAXw-unsplash-770x481.jpg</dc:content ><dc:text>Curve 3pool Sees Increased Outflows Since hack</dc:text></item><item><title>Ripple Files Opposition To SEC’s Anticipated Interlocutory Appeal</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Ripple Files Opposition To SEC’s Anticipated Interlocutory Appeal 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP.png 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Ripple Files Opposition To SEC’s Anticipated Interlocutory Appeal 28"><ul><li>Ripple has filed a response in anticipation of an interlocutory appeal by the SEC.&amp; </li><li>The securities regulator is likely to request Judge Torres and the 2nd Circuit Court of Appeals for an interlocutory appeal.&amp; </li><li>Ripple and its executives have opposed the anticipated appeal citing the failure of such an appeal to satisfy the prerequisites.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/sec-appeal-ripple-ruling-xrp-do-kwon/">Ripple</a> has filed a response ahead of an interlocutory appeal expected from the U.S. Securities and Exchange Commission (SEC) in its legal battle against the crypto giant. Ripple’s opposition to the securities regulator’s anticipated interlocutory appeal comes a month after it was handed a partial victory following the summary judgment on July 13, 2023. </p><h2><strong>Ripple: Immediate Appeal Won’t Terminate The Lawsuit</strong></h2><p>The law firm representing Ripple sent a <a href="https://www.docdroid.net/kihuQOR/latest-file-3-pdf" rel="nofollow noopener">letter</a> to Judge Analisa Torres, who is overseeing the lawsuit, to oppose the SEC’s anticipated motion for leave to file an interlocutory appeal for the court’s July 13 order which granted the crypto firm’s summary judgment. </p><p>An interlocutory appeal is filed to appeal a ruling by a trial court amid ongoing proceedings for other aspects of the case. In other words, an interlocutory appeal is sought to appeal a certain ruling before a final judgment is passed by the court. </p><p>James Murphy, a popular crypto lawyer on X (formerly Twitter), <a href="https://twitter.com/MetaLawMan/status/1683817505100374016" rel="nofollow noopener">stated</a> last month that an interlocutory appeal from the SEC was likely. According to Murphy, the mounting political pressure on SEC Chair Gary Gensler and the summary judgment’s potential impact on the SEC’s ongoing high-profile lawsuits against crypto giants Binance and Coinbase could prompt the securities regulator to make such a move. </p><p>However, the SEC would need the permission of Judge Torres, as well as the United States Court of Appeals for the Second Circuit, to proceed with an interlocutory appeal. This would require the regulator to demonstrate three things: First, the court’s previous ruling involves a controlling question of law. Second, there are substantial grounds for difference of opinion on that question, and lastly, an immediate appeal may advance the termination of the litigation.&amp; </p><p>Ripple, along with Chief Executive Brad Garlinghouse and co-founder Chris Larsen, opposed the anticipated appeal on the grounds that none of the above-mentioned prerequisites would be satisfied in the SEC’s anticipated interlocutory appeal.&amp; </p>]]></description><link>https://m.coinsnews.com/ripple-files-opposition-to-secs-anticipated-interlocutory-appeal</link><guid>607962</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/SEC-RIPPLE-XRP-770x385.png</dc:content ><dc:text>Ripple Files Opposition To SEC’s Anticipated Interlocutory Appeal</dc:text></item><item><title>Dubai Regulator Slaps $2.7 Million Fine On OPNX, OX Token Tanks 8%</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Dubai Regulator Slaps $2.7 Million Fine On OPNX, OX Token Tanks 8% 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Dubai Regulator Slaps $2.7 Million Fine On OPNX, OX Token Tanks 8% 28"><ul><li>OPNX has been hit with a $2.7 million fine from Dubai’s Virtual Assets Regulatory Authority.&amp; </li><li>VARA has also slapped a fine of $54,000 on each of Open Exchange’s founders, including Su Zhu and Kyle Davies.&amp; </li><li>The exchange was fined for a market offense under regulations introduced earlier this year.&amp; </li><li>Open Exchange and its founders have failed to pay the fine, attracting further action and penalties from VARA.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/opnx-justice-token-fatmanterra-ox/">Open Exchange</a> has been hit with a $2.7 million fine by Dubai’s Virtual Assets Regulatory Authority (VARA). The fine was issued in early May but remains unpaid, which prompted a public notice of fines against OPNX from VARA. The digital assets regulator also fined Su Zhu and Kyle Davies, the disgraced founders of Three Arrows Capital (3AC) who launched Open Exchange earlier this year. </p><h2><strong>OPNX May Face Litigation Over Outstanding Fines</strong></h2><p>As per an enforcement <a href="https://www.vara.ae/en/regulations/regulatory-notices/vara-notice-of-fines-opnx-exchange/" rel="nofollow noopener">notice</a> circulated by VARA earlier today, OPNX was hit with an AED 10,000,000 fine on May 2, 2023, for a market offense of the Virtual Assets and Related Activities Regulations that were unveiled by the regulator earlier this year. The regulator stated that the fine remained unpaid at the time of publication of the notice. </p><p>Additionally, VARA slapped fines of AED 200,000 ($54,450) against each of OPNX’s founders, namely Su Zhu, Kyle Davies, Mark Lamb, and the crypto platform’s Chief Executive Leslie Lamb. The founders were fined for violation of an administrative order related to the regulation of crypto advertising and marketing in the emirate. The fines have been paid in full.&amp; </p><p>VARA stated that it was mulling over further fines and penalties against OPNX due to failure to pay the fines imposed over three months ago. The digital asset regulator added that it would take any action necessary to recover the fine, including referring the matter to law enforcement agencies or even resorting to litigation&amp; </p><p>Open Exchange Token (OX), the native token of the derivatives and bankruptcy claims trading platform, lost more than 8% of its value following the news of the fines and potential enforcement action. At the time of writing, OX was trading at $0.065.&amp; </p>]]></description><link>https://m.coinsnews.com/dubai-regulator-slaps-27-million-fine-on-opnx-ox-token-tanks-8</link><guid>607883</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/image-706-1024x512-1-770x385.png</dc:content ><dc:text>Dubai Regulator Slaps $2.7 Million Fine On OPNX, OX Token Tanks 8%</dc:text></item><item><title>Coinbase Secures Regulatory Approval To Offer Crypto Futures, Stock Soars 5%</title><description><![CDATA[<img width="770" height="440" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-770x440.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Secures Regulatory Approval To Offer Crypto Futures, Stock Soars 5% 21" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-770x440.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-300x171.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-1024x585.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-500x285.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-269x154.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-746x426.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Secures Regulatory Approval To Offer Crypto Futures, Stock Soars 5% 27"><ul><li>Coinbase has gained approval from the National Futures Association to offer crypto futures trading.&amp; </li><li>The regulatory approval comes nearly two years after the crypto exchange initially submitted an application to the NFA.&amp; </li><li>The latest development promoted the company’s share price to hike 5% in pre-market trading.&amp; </li></ul><p>Coinbase, the largest crypto exchange in the United States, has gained regulatory approval to offer crypto futures trading in the country. The approval was granted by the National Futures Association (NFA), a self-regulatory organization overseen by the Commodities and Futures Trading Commission (CFTC), nearly two years after the California-based crypto exchange initially filed an application with it.&amp; </p><h2><strong>Coinbase Taps Into $2.9 Trillion Crypto Derivatives Market</strong></h2><p>The regulatory approval from the National Futures Association has made <a href="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/">Coinbase</a> a regulated Futures Commission Merchant (FCM) in the United States. It will be the first crypto-native platform to directly offer spot crypto trading alongside leveraged crypto futures to its users. </p><p>In a recent <a href="https://www.coinbase.com/blog/coinbase-financial-markets-inc-secures-fcm-approval-to-bring-regulated" rel="nofollow noopener">blog post</a>, Coinbase described the regulatory approval from the NFA as a critical milestone that reaffirmed its commitment to operate a regulated and compliant business in the country. The exchange had reportedly been working with regulators over the past two years to ensure that its FCM business complied with the CFTC’s consumer protection standards. </p><blockquote class="wp-block-quote"><p>Approval for US customers to access regulated crypto derivatives will allow more people to access the crypto economy in the United States in a safe way that helps keep the US at the center of digital innovation.”</p></blockquote><p>Coinbase’s registration as an FCM paves the way for its debut in the crypto derivatives market, which clocked a whopping $2.95 trillion in March this year. Earlier this year, CCData reported that the market share of crypto derivatives trading rose to an all-time high of 77.6% in April.&amp; </p><p>The crypto exchange previously identified this market as a critical trader access point, which prompted the acquisition of FairX in 2022, which was later rebranded as Coinbase Derivatives Exchange. This subsidiary has since offered nano BTC and ETH futures contracts for retail investors.&amp; </p><p>News of the regulatory approval to offer crypto futures trading led to a hike of more than 5% in Coinbase’s share price in pre-market trading. The stock soared as high as $84.20.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-secures-regulatory-approval-to-offer-crypto-futures-stock-soars-5</link><guid>607755</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-rechtszaak-SEC-770x440.jpg</dc:content ><dc:text>Coinbase Secures Regulatory Approval To Offer Crypto Futures, Stock Soars 5%</dc:text></item><item><title>Prosecutors To Use Caroline Ellison’s Personal Notes About Sam Bankman-Fried Against Him</title><description><![CDATA[<img width="720" height="405" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Prosecutors To Use Caroline Ellison&#039;s Personal Notes About Sam Bankman-Fried Against Him 23" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize.jpg 720w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize-269x151.jpg 269w" sizes="(max-width: 720px) 100vw, 720px" title="Prosecutors To Use Caroline Ellison&#039;s Personal Notes About Sam Bankman-Fried Against Him 27"><ul><li>Federal prosecutors plan to use Caroline Ellison’s personal documents in the lawsuit against Sam Bankman-Fried.&amp; </li><li>Caroline’s personal documents reportedly prove that the FTX founder misappropriated customer funds.&amp; </li><li>The Department of Justice plans to use similar documents from former FTX executives Nishad Signh and Gary Wang.&amp; </li><li>The DOJ’s latest filing showed that Ryan Salame will not testify against his former boss SBF.</li></ul><p>Federal prosecutors involved with the U.S. Department of Justice’s lawsuit against Sam Bankman-Fried plan to use the personal documents of Caroline Ellison against the disgraced FTX founder. Ellison served as the chief executive of FTX’s sister firm Alameda Research and was a member of Bankman-Fried’s inner circle aside from being romantically involved with him.&amp; </p><h2><strong>“Things Sam is Freaking Out About”</strong></h2><p>A filing made by federal prosecutors on Monday revealed that among the evidence they planned to use against Sam Bankman-Fried were personal documents from Caroline Ellison which would prove fraud and misappropriation charges leveled against the FTX founder, <a href="https://fortune.com/crypto/2023/08/15/caroline-ellison-memo-doj-prosecutors-sam-bankman-fried-ftx/" rel="nofollow noopener">Fortune</a> reported earlier today. </p><p>Monday’s filing, which sought to establish the evidence that would be permissible in the trial, showed that prosecutors planned to use certain to-do lists and personal notes to strengthen their case against Bankman-Fried. Among the personal notes, is an entry titled “Things Sam Is Freaking Out About,” which reportedly proves that the former FTX CEO illegally used the funds of FTX customers to fill a multi-billion dollar hole in Alameda’s balance sheet.&amp; </p><p>SBF’s concerns laid out in Ellison’s personal documents included the negative media attention that FTX’s relationship with Alameda Research drew. Federal prosecutors have also secured a covert recording from Ellison that predates the dramatic implosion of Sam Bankman-Fried’s crypto empire. The recording is from an all-hands meeting that was held on November 9, where Ellison can be heard stating that Alameda had been borrowing funds from FTX on Bankman-Fried’s directions.</p><p>Federal prosecutors are reportedly planning to use similar personal documents from former FTX executives Gary Wang and Nishad Singh. Ellison, Singh, and Wang have all pled guilty to charges stemming from FTX’s collapse and are set to testify against their former boss. However, former CEO of FTX Digital Markets, <a href="https://en.ethereumworldnews.com/ftx-ryan-salame-plea-deal-prosecutors/">Ryan Salame</a>, is planning to invoke his fifth amendment right against self-incrimination, meaning that he will not be testifying against SBF. </p>]]></description><link>https://m.coinsnews.com/prosecutors-to-use-caroline-ellisons-personal-notes-about-sam-bankman-fried-against-him</link><guid>607572</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/resize.jpg</dc:content ><dc:text>Prosecutors To Use Caroline Ellison’s Personal Notes About Sam Bankman-Fried Against Him</dc:text></item><item><title>Serum, Sonm &amp; DFI.Money Plunge Over 25% Following Delisting From Binance</title><description><![CDATA[<img width="290" height="174" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-3.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Serum, Sonm &amp; DFI.Money Plunge Over 25% Following Delisting From Binance 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-3.jpg 290w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-3-269x161.jpg 269w" sizes="(max-width: 290px) 100vw, 290px" title="Serum, Sonm &amp; DFI.Money Plunge Over 25% Following Delisting From Binance 26"><ul><li>Binance has announced that it will delist Serum (SRM), Sonm (SNM), and DFI.Money (YFII) on August 22, 2023.&amp; </li><li>The news of the delisting has led to double-digit declines in the price of the tokens.&amp; </li><li>Bitget has suspended SRM, SNM, and YFII deposits with immediate effect in anticipation of massive transfers from Binance.&amp; </li></ul><p>Binance announced earlier today that it would delist and cease trading on all trading pairs for Serum (SRM), Sonm (SNM), and DFI.Money (YFII), starting August 22, 2023. The world’s largest crypto exchange’s decision to delist the tokens led to double-digit declines in their prices, with one tanking as much as 50% within minutes of the announcement.&amp; </p><h2><strong>Bitget Suspends SRM, SNM &amp; YFII Deposits In Response To Binance</strong></h2><p>Binance published a <a href="https://www.binance.com/en/support/announcement/binance-will-delist-snm-srm-and-yfii-on-2023-08-22-f43511a4c1d347a8a2dd1efbdd2fe716" rel="nofollow noopener">blog post</a> on its official website earlier today, which stated that the decision to delist the tokens was taken following a periodic review of all listed crypto assets on the platform. The crypto exchange made its decision based on several factors, including the commitment of the team to the project, level and quality of development activity, network stability, and trading volume and liquidity among other things. </p><blockquote class="wp-block-quote"><p>When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”</p></blockquote><p>Following its delisting from <a href="https://en.ethereumworldnews.com/doj-fraud-charges-binance-bnb-down-4/">Binance</a>, Serum (<a href="https://coinmarketcap.com/currencies/serum/#Markets" rel="nofollow noopener">SRM</a>) proceeded to tank more than 25%, reaching as low as $0.538. The token’s daily trading volume skyrocketed 259% as traders rushed to market dump their holdings. Sonm (<a href="https://coinmarketcap.com/currencies/sonm-bep20/" rel="nofollow noopener">SNM</a>) lost a whopping 51% of its value, sinking to a nearly 1-year low of $0.138. Similar to SRM, SNM’s trading volume jumped 800% likely due to traders scrambling to offload their holdings. DFI.Money (<a href="https://coinmarketcap.com/currencies/yearn-finance-ii/" rel="nofollow noopener">YFII</a>) had the most dramatic decline of all, tanking nearly 65% to a 2-month low of $579. </p><p>Crypto exchange Bitget announced earlier today that it had suspended SRM, SNM, and YFII deposits with immediate effect. The decision was likely made in anticipation of the traders attempting to transfer their tokens from Binance in order to eventually dump them.&amp; </p>]]></description><link>https://m.coinsnews.com/serum-sonm-dfimoney-plunge-over-25-following-delisting-from-binance</link><guid>607445</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-3.jpg</dc:content ><dc:text>Serum, Sonm &amp; DFI.Money Plunge Over 25% Following Delisting From Binance</dc:text></item><item><title>Europe Beats US To List Spot Bitcoin ETF</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="spot Bitcoin ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam.png 968w" sizes="(max-width: 770px) 100vw, 770px" title="Europe Beats US To List Spot Bitcoin ETF 23"><ul><li>London-based asset manager Jacobi listed Europe&#8217;s first spot Bitcoin exchange-traded fund on Euronext Amsterdam. </li><li>Jacobi initially received approval for this ETF in 2021 but delayed its listing due to crypto crashes in 2022 like the Terra collapse and the Three Arrows crisis. </li><li>The Jacobi FT Wilshere Bitcoin ETF will trade under the ticker BCOIN and features a decarbonization plan. </li><li>Europe lists a Bitcoin ETF ahead of the U.S. despite a swathe of applications from issuers like Blackrock and Fidelity.</li></ul><p>London-based asset manager Jacobi has <a href="https://www.businesswire.com/news/home/20230815404630/en" data-type="URL" data-id="https://www.businesswire.com/news/home/20230815404630/en" target="_blank" rel="noreferrer noopener nofollow">listed</a> a spot Bitcoin exchange-traded fund (ETF) in Europe two years after the company received approval from regulators. </p><p>Jacobi was approved to list its Jacobi FT Wilshere Bitcoin ETF in Amsterdam in 2021. However, the firm delayed its debut till 2023 due to crypto crashes like Terra and Three Arrows Capital which happened last year.</p><p>The ETF launched with Flow Traders as a market-making partner while Fidelity Digital Assets is in charge of custody for the fund. Jacobi&#8217;s ETF trading under the ticker BCOIN is regulated by Guernsey Financial Services Commission (GFSC). </p><blockquote class="wp-block-quote"><p>Unlike other products in the European market which are debt instruments, our fund owns the underlying asset directly. Jacobi is proud to be supported by Tier1 partners at the forefront of this digital asset market evolution whilst also pioneering an innovative, environmentally sound solution for European investors.”</p><cite>&#8211; <strong>CEO of Jacobi Asset Management, Martin Bednal</strong></cite></blockquote><h2>US Spot Bitcoin ETF Await Approval</h2><p>Jacobi&#8217;s launch in Amsterdam means that Europe approved and listed a spot Bitcoin ETF ahead of the U.S. despite clear interest from American issuers. </p><p>Indeed, titans like Valkyrie and Fidelity filed for spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). Blackrock led a <a href="https://en.ethereumworldnews.com/pretty-standard-ark-21shares-bitcoin-etf/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/pretty-standard-ark-21shares-bitcoin-etf/" rel="noreferrer noopener">swathe of applications</a> after the company submitted its filing in June. </p><p>Notably, these filings buoyed by Blackrock&#8217;s filing proposed a surveillance-sharing agreement to mitigate market manipulation, a major concern cited by the SEC in past spot Bitcoin ETF rejections.</p><p>If approved, Bloomberg analyst Eric Balchunas said the U.S. could account for 99.5%&amp; of the world&#8217;s trading volume for crypto ETFs. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Another good chart from the report is this one: North America accounts for 98% of all the crypto ETF trading volume in the world. If/when spot ETFs come out in US this will likely go to like 99.5%. <a href="https://t.co/nEF7dcaQu4" rel="nofollow">pic.twitter.com/nEF7dcaQu4</a></p>&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1689656052483010560?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/europe-beats-us-to-list-spot-bitcoin-etf</link><guid>607446</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png</dc:content ><dc:text>Europe Beats US To List Spot Bitcoin ETF</dc:text></item><item><title>Sam Bankman-Fried Moved To Federal Jail In Brooklyn</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bankman-Fried" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash-269x180.jpg 269w" sizes="(max-width: 770px) 100vw, 770px" title="Sam Bankman-Fried Moved To Federal Jail In Brooklyn 25"><ul><li>Bankman-Fried was transferred to the Metropolitan Detention Center in Brooklyn on Monday, per Reuters. </li><li>Authorities moved the former FTX CEO after U.S. District Judge Lewis Kaplan revoked his $250 million bail bond. </li><li>The crypto founder was previously living at his parents&#8217; house in Palo Alto where he allegedly tampered with witnesses and leaked a private diary. </li><li>SBF will remain in a federal jail cell pending his trial for fraud charges. </li></ul><p>Authorities <a href="https://www.reuters.com/legal/bankman-fried-heads-brooklyn-jail-notorious-poor-conditions-2023-08-14/" target="_blank" data-type="URL" data-id="https://www.reuters.com/legal/bankman-fried-heads-brooklyn-jail-notorious-poor-conditions-2023-08-14/" rel="noreferrer noopener nofollow">transferred</a> former FTX CEO Sam Bankman-Fried to a federal jail in Brooklyn after a U.S. revoked SBF&#8217;s $250 million bail bond. </p><p>Bankman-Fried was moved to Brooklyn&#8217;s Metropolitan Detention Center (MDC) ahead of his trial starting in October. SBF&#8217;s previously lived at his parents&#8217; home in Palo Alto, California until last week. </p><p>Judge Lewis Kaplan ruled to cancel SBF&#8217;s bail conditions after reviewing arguments on his alleged witness tampering. Prosecutors raised complaints after Bankman-Fried leaked Caroline Ellison&#8217;s private diary to the New York Times. His lawyers subsequently asked the court to seal the dairy, a move that puzzled observers while the Justice Department <a href="https://en.ethereumworldnews.com/doj-sam-bankman-fried-jail-nyt-article/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/doj-sam-bankman-fried-jail-nyt-article/" rel="noreferrer noopener">argued</a> for jail time. </p><p>Bankman-Fried&#8217;s lawyers <a href="https://en.ethereumworldnews.com/sam-bankman-fried-appeal-remand-arrest/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sam-bankman-fried-appeal-remand-arrest/" rel="noreferrer noopener">appealed</a> Judge Kaplan&#8217;s decision to revoke bail shortly after his arrest. However, SBF will likely prepare his defense from a federal prison cell.</p><p>Inmates of Brooklyn&#8217;s MDC like former president of Honduras Juan Orlando Hernandez and exiled Asian businessman Guo Wengui both described the prison as dangerous. This is the second prison Bankman-Fried has checked into since FTX&#8217;s collapse. </p><p>SBF was previously held at the Fox Hill Prison in the Bahamas, another prison notorious for its poor conditions. </p><h2>Charges Against Bankman-Fried</h2><p>Prosecutors charged SBF on 12 counts including fraud following the crash of FTX last November. Authorities dialed back on campaign finance violation charges due to an issue with Sam&#8217;s extradition papers from the Bahamas. This particular charge was not included in the agreement, per reports. </p><p>SBF&#8217;s trial is scheduled to begin on October 2 in what experts say is the biggest fraud case in America&#8217;s history. </p>]]></description><link>https://m.coinsnews.com/sam-bankman-fried-moved-to-federal-jail-in-brooklyn</link><guid>607211</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Not-Guilty-Sam-Bankman-Fried-To-Plead-To-13-Count-Indictment-Over-FTX-Crash.jpg</dc:content ><dc:text>Sam Bankman-Fried Moved To Federal Jail In Brooklyn</dc:text></item><item><title>Cardano Whales Steadily Accumulating $ADA Despite Price Drop</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-1536x1025.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-2048x1366.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-1376x918.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 28"><ul><li>Cardano sharks and whales have continued to buy the token despite the fall in its price.</li><li>Traders continue to sell heavily in intraday trading sessions.</li></ul><p><span style="font-weight: 400;">Following significant coin distribution between February 2021 and May 2022, Cardano [ADA] investors that hold over 100,000 ADA coins have again begun accumulating the crypto asset.</span></p><p><span style="font-weight: 400;">According to Santiment, these investors have continued to “fill their bags” with ADA despite the steady decline in the altcoin’s value. The coin shaved off 35% of its market capitalization in the last four months. At press time, this was $10.16 billion, making it the eighth-largest crypto asset in terms of market capitalization.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">???? Trader sentiment toward <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Cardano</a> continues to be low as its market cap is down 35% since topping 4 months ago. However, the sharks &amp; whales haven&#39;t been as deterred as one may think. There are now 25,294 wallets with 100K+ <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ADA</a>, the most in 16 months. <a href="https://t.co/Q5XKveRh5n" rel="nofollow">https://t.co/Q5XKveRh5n</a> <a href="https://t.co/D0dcfM6LAy" rel="nofollow">pic.twitter.com/D0dcfM6LAy</a></p><p>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1690983240730054656?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 14, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400;">Since this cohort of ADA investors began accumulating the coin, its value has dropped by 69%. As of May 2022, ADA traded above $0.7. At press time, it exchanged hands for under $0.3. </span></p><h3><b>ADA is on a loss-making streak</b></h3><p><span style="font-weight: 400;">On-chain assessment of how profitable ADA has been as a digital asset in the last year revealed that the majority of holders have failed to turn profits since April 2022. According to <a href="https://app.santiment.net/charts/Y67Rvd5H__sCl" target="_blank" rel="noopener nofollow">Santiment</a>, the coin’s Market Value to Realized Value (MVRV) ratio turned negative on 7 April that year and remained below the center line. </span></p><p><span style="font-weight: 400;">This metric tracks the ratio between an asset’s current price and the average price of its every coin/token acquired. A high MVRV ratio indicates that the asset is overvalued, while a low MVRV ratio indicates that it is undervalued.</span></p><p><span style="font-weight: 400;">At -51.36% at press time, it meant that if all holders sold ADA at its current value, more than half of them would realize losses.</span></p><p><figure id="attachment_583644" aria-describedby="caption-attachment-583644" style="width: 3840px" class="wp-caption alignnone"><img class="size-full wp-image-583644" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023.png" alt="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 19" width="3840" height="1300" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023.png 3840w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Cardano-ADA-09.31.22-14-Aug-2023-1376x466.png 1376w" sizes="(max-width: 3840px) 100vw, 3840px" title="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 25"><figcaption id="caption-attachment-583644" class="wp-caption-text">Source: Santiment</figcaption></figure></p><p><span style="font-weight: 400;">Further, data from <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=financials&amp;chart=inAndOut" target="_blank" rel="noopener nofollow">IntoTheBlock</a> revealed that 3.94 million addresses that hold ADA are “out of money.” This means they currently hold the altcoin at a loss. This figure represents 89% of all coin holders, as only 10.26% of all addresses holding ADA are at a profit.</span></p><p><figure id="attachment_583645" aria-describedby="caption-attachment-583645" style="width: 2372px" class="wp-caption alignnone"><img class="size-full wp-image-583645" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03.png" alt="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 20" width="2372" height="920" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03.png 2372w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-300x116.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-1024x397.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-770x299.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-1536x596.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-2048x794.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-500x194.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-269x104.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-746x289.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.32.03-1376x534.png 1376w" sizes="(max-width: 2372px) 100vw, 2372px" title="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 26"><figcaption id="caption-attachment-583645" class="wp-caption-text">Source: IntoTheblock</figcaption></figure></p><h4><b>No rally in sight</b></h4><p><span style="font-weight: 400;">With its price declining further, daily traders have continued to distribute ADA. Its Relative Strength Index (RSI) was 42.99 at press time, while its Money Flow Index (MFI) was 23.67, almost oversold.</span></p><p><span style="font-weight: 400;">Both key indicators resting beneath their center lines since the month started showed a momentum shift from buy-side to sell-side. </span></p><p><span style="font-weight: 400;">The bears controlled the ADA market at press time with the positive directional index (green) beneath the negative directional index (red). </span></p><p><figure id="attachment_583643" aria-describedby="caption-attachment-583643" style="width: 2792px" class="wp-caption alignnone"><img class="size-full wp-image-583643" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33.png" alt="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 21" width="2792" height="1146" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33.png 2792w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-300x123.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-1024x420.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-770x316.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-1536x630.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-2048x841.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-500x205.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-746x306.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-14-at-09.17.33-1376x565.png 1376w" sizes="(max-width: 2792px) 100vw, 2792px" title="Cardano Whales Steadily Accumulating $ADA Despite Price Drop 27"><figcaption id="caption-attachment-583643" class="wp-caption-text">Source: TradingView</figcaption></figure></p>]]></description><link>https://m.coinsnews.com/cardano-whales-steadily-accumulating-ada-despite-price-drop</link><guid>607086</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/traxer-gBhnOVyTZqc-unsplash-770x514.jpg</dc:content ><dc:text>Cardano Whales Steadily Accumulating $ADA Despite Price Drop</dc:text></item><item><title>Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken</title><description><![CDATA[<img width="770" height="622" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-770x622.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BALD" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-770x622.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-300x242.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-1024x828.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-500x404.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-269x217.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-746x603.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken.jpg 1100w" sizes="(max-width: 770px) 100vw, 770px" title="Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken 23"><ul><li>The BALD deployer still holds 2,237 Ether worth $4.13 million on Base, Coinbase&#8217;s flagship layer 2 blockchain. </li><li>There&#8217;s also $3.7 million in ETH bridging back to Ethereum after the initial 7,000 Ether sent by the deployer. </li><li>Per LookOnChain, 2,100 ETH was deposited on the crypto exchange Kraken.</li><li>The token turned viral on Base growing to a $80 million market cap before joining a growing list of ghost tokens worth fractions of a penny. </li></ul><p>The deployer of viral memecoin BALD sent 7,000 Ether (ETH) worth $12.9 million back to Ethereum from Base, per <a href="https://twitter.com/lookonchain/status/1690965940937334784?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/lookonchain/status/1690965940937334784?s=20" rel="noreferrer noopener nofollow">LookOnChain.</a> Back on Base, the deployer still has $4.13 million in 2,237 ETH with some 2,000 ETH worth $3.7 million bridging to Ethereum.</p><p>2,100 ETH, a slice of the rugged funds, was sent to crypto exchange Kraken from the deployer&#8217;s address. The Ether sent to Kraken amounts to $3.87 million as ETH trades around $1840 at the time of writing.</p><figure class="wp-block-image size-large"><img width="1024" height="371" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-1024x371.png" alt="Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken 16" class="wp-image-583655" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-1024x371.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-300x109.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-770x279.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-1536x556.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-269x97.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-746x270.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35-1376x498.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ETHUSDT_2023-08-14_12-17-35.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken 21"><figcaption><strong><a href="https://www.tradingview.com/symbols/ETHUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/ETHUSDT/" rel="noreferrer noopener">ETH/USDT by TradingView</a></strong></figcaption></figure><p></p><h2>Short-Lived BALD Hype On Base</h2><p>BALD, a memecoin seemingly inspired by the distinct haircut of Coinbase CEO Brian Armstrong, achieved overnight success before crashing to ruin. The token grew to over $80 million in market cap and became popular on Base, the L2 network backed by Armstrong&#8217;s crypto exchange Coinbase. </p><p>Base is also the first decentralized network <a href="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" rel="noreferrer noopener">launched</a> by a publicly traded company domiciled in the U.S.</p><figure class="wp-block-image size-large"><img width="1024" height="576" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-1024x576.png" alt="Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken 17" class="wp-image-583654" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-CEO-Brian-Armstrong.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" title="Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken 22"><figcaption><strong>Coinbase CEO Brian Armstrong</strong></figcaption></figure><p>Although moving funds to Base worked through a one-way portal, degens speculated on BALD&#8217;s price ascending higher. Holders were left struck out after the token deployer suddenly <a href="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" rel="noreferrer noopener">withdrew liquidity</a> in an apparent rug pull. The coin&#8217;s price declined afterward and never recovered. </p><p>Regarding the identity of the mysterious BALD deployer, on-chain sleuth ZachXBT shared clues pointing to a pseudonymous user known as @milkyway16eth. The suspected individual sent $50,000 in crypto to another in 2021 with the same addresses used to deploy BALD&#8217;s smart contract. </p><p>It&#8217;s not proven or confirmed that @milkyway16eth is indeed the BALD deploy, although the user went private after the info came to light. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">BALD deployer is potentially revealed here. <br><br>Two days ago I noticed they had sent Mike $50K back in 2021 and reached out to him to ask who it might be. <br><br>0x0b6e7d5668c4a0a8e13d618b1ffc4406d079141e022381aad379040518dec285<br><br>Glad to see he shared this info. <a href="https://t.co/A7EchAdKed" rel="nofollow">https://t.co/A7EchAdKed</a> <a href="https://t.co/J31DJ9wEhS" rel="nofollow">pic.twitter.com/J31DJ9wEhS</a></p>&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1687127828234469376?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/base-bald-deployer-bridges-129-million-to-ethereum-moves-2100-eth-to-kraken</link><guid>607087</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Base-BALD-Deployer-Bridges-12.9-Million-To-Ethereum-Moves-2100-ETH-To-Kraken-770x622.jpg</dc:content ><dc:text>Base-BALD Deployer Bridges $12.9 Million To Ethereum, Moves 2,100 ETH To Kraken</dc:text></item><item><title>Sam Bankman-Fried’s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Sam Bankman-Fried&#039;s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-1376x918.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596.jpg 1963w" sizes="(max-width: 770px) 100vw, 770px" title="Sam Bankman-Fried&#039;s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest 26"><ul><li>Sam Bankman-Fried’s lawyers have appealed his remand to jail following the revocation of his bail.&amp; </li><li>Bankman-Fried’s legal defense team appealed in less than an hour of his arrest earlier today.&amp; </li><li>Federal Judge Lewis Kaplan revoked the FTX founder’s bail for witness tampering and leaking Caroline Ellison’s private writings.&amp; </li><li>SBF will likely be jailed in Putnam County Correctional Facility and the Metropolitan Detention Center during the trial.&amp; </li></ul><p>Sam Bankman-Fried’s legal defense team has appealed his remand to jail less than an hour after his bail was revoked by a Manhattan judge. The disgraced <a href="https://en.ethereumworldnews.com/ftx-ryan-salame-plea-deal-prosecutors/">FTX</a> founder was handcuffed and escorted out of the U.S. District Court for the Southern District of New York earlier today after federal Judge Lewis Kaplan remanded him into custody ahead of his trial, which is set to begin on October 2, 2023. </p><h2><strong>Sam Bankman-Fried Jailed For Witness Tampering</strong></h2><p>Inner City Press <a href="https://twitter.com/innercitypress/status/1690106507436646400" rel="nofollow noopener">reported</a> on X (formerly Twitter) earlier today that Judge Kaplan remanded Sam Bankman-Fried to jail due to his attempts to tamper with a key witness in the Department of Justice’s case against him. The judge also highlighted the FTX founder’s decision to leak the private writings of former Alameda Research CEO Caroline Ellison with the New York Times last month. </p><blockquote class="wp-block-quote"><p>“In view of the evidence, my conclusion is that there is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice…” </p><cite>SDNY Judge Lewis A. Kaplan</cite></blockquote><p>After Bankman-Fried’s bail was revoked, he was handcuffed by U.S. Marshals and escorted out of the courtroom. As for Bankman-Fried’s jail arrangements, Assistant United States Attorney Danielle Sassoon proposed that he be held at the Putnam County Correctional Facility in New York and the Manhattan Detention Center during his trial. </p><figure class="wp-block-image size-full"><img width="900" height="401" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU.png" alt="Sam Bankman-Fried&#039;s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest 19" class="wp-image-583639" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU.png 900w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU-300x134.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU-770x343.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU-269x120.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3RvNQtW4AAc9XU-746x332.png 746w" sizes="(max-width: 900px) 100vw, 900px" title="Sam Bankman-Fried&#039;s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest 25"></figure><p>Within an hour of Sam Bankman-Fried’s bail revocation and subsequent arrest, his legal defense team led by Mark Cohen appealed his remand to jail. Cohen had previously stated his intent to appeal and asked Judge Kaplan for a written order of bail revocation for the same. According to Inner City Press, an electronic filing for the appeal has been made, complete with a filing fee of $505.&amp; </p>]]></description><link>https://m.coinsnews.com/sam-bankman-frieds-lawyers-appeal-his-bail-revocation-within-an-hour-of-his-arrest</link><guid>606527</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/0883f8f3-99a6-4aeb-be42-a9322fed7596-770x513.jpg</dc:content ><dc:text>Sam Bankman-Fried’s Lawyers Appeal His Bail Revocation Within An Hour Of His Arrest</dc:text></item><item><title>DCG Chief Barry Silbert Is Playing Dumb: Gemini’s Cameron Winklevoss</title><description><![CDATA[<img width="700" height="451" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="DCG Chief Barry Silbert Is Playing Dumb: Gemini’s Cameron Winklevoss 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825-300x193.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825-500x322.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825-269x173.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="DCG Chief Barry Silbert Is Playing Dumb: Gemini’s Cameron Winklevoss 26"><ul><li>Gemini co-founder Cameron Winklevoss has accused DCG’s Chief Executive Barry Silbert of playing dumb.&amp; </li><li>Winklevoss has indicated that DCG’s motion to dismiss Gemini’s fraud lawsuit is baseless.&amp; </li><li>The Gemini co-founder believes that DCG’s defense will not hold up in front of a jury.&amp; </li><li>Gemini sued the Digital Currency Group last month for allegedly defrauding customers of the Gemini Earn Program.&amp; </li></ul><p>Cameron Winklevoss has <a href="https://twitter.com/cameron/status/1690049346803245056" rel="nofollow noopener">responded</a> to the Digital Currency Group’s motion to dismiss the fraud lawsuit filed by Gemini last month. DCG’s filing on August 10 claimed that Winklevoss’ crypto firm had failed to support the fraud alleged against the crypto conglomerate and its founder Barry Silbert. In response, Winklevoss, who serves as Gemini’s president, has accused DCG and its chief of playing dumb in order to avoid responsibility. </p><h2><strong>Good Luck In Front Of A Jury: Gemini’s Cameron Winklevoss</strong></h2><p>The Digital Currency Group’s motion to dismiss Gemini’s lawsuit highlighted that the complaint named DCG as the defendant, despite it having no direct business dealing with Cameron Winklevoss’ crypto exchange. The crypto conglomerate added that Gemini’s allegations pertaining to its transaction with its subsidiary, Genesis Global Capital.&amp; </p><p>Silbert’s firm accused the Winklevoss twins of mounting a character assassination campaign on Twitter, to deflect the blame from the stranded customers of Gemini Earn Program. DCG also called out Gemini for avoiding responsibility, having actively promoted Genesis as a “sophisticated market participant” to its customers.&amp; </p><p>In an X (formerly Twitter) post earlier today, Winklevoss described DCG’s motion to dismiss as a brief written by a law school student making up baseless legal defenses. According to the Gemini founder, the motion was in line with Silbert’s playbook of refusing to take responsibility, playing dumb, and attempting to avoid accountability using technicalities.</p><blockquote class="wp-block-quote"><p>Good luck making these arguments to a jury of your peers. See you in court.</p><cite>Cameron Winklevoss</cite></blockquote><p>Winklevoss also took issue with DCG’s claim of owing no direct duty to Gemini to correct the allegedly false statements made by Genesis. “When a company you own says you wrote a $1.1 billion check that you know you didn’t write, yes, you have a duty to correct this. Sorry, but this doesn’t even pass the giggle test,” the <a href="https://en.ethereumworldnews.com/gemini-hints-xrp-relisting-price-up-4/">Gemini</a> founder added. </p>]]></description><link>https://m.coinsnews.com/dcg-chief-barry-silbert-is-playing-dumb-geminis-cameron-winklevoss</link><guid>606528</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/im-693825.jpg</dc:content ><dc:text>DCG Chief Barry Silbert Is Playing Dumb: Gemini’s Cameron Winklevoss</dc:text></item><item><title>“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision 27"><ul><li>The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF.</li><li>Blackrock, Fidelity, and other wall street punters await the Commission&#8217;s decision on their own ETF filings.</li><li>Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding hinting at simultaneous approvals in the future.</li><li>Bitcoin&#8217;s price hardly reacted to the news of a delay.</li></ul><p>The U.S. Securities and Exchange Commission (SEC) is inviting new public commentary on the Ark 21Shares Bitcoin ETF application, delaying a decision on the filing as expected by ARK Invest CEO Cathie Wood. </p><p>By standard procedure, the SEC has 240 days to deliver a final decision on an application after initiating the review process. </p><p>Stakeholders who are interested in contributing to the discourse were urged to submit &#8220;written data, views, and arguments&#8221; within a 21-day timeframe. Back in June, the regulatory authority laid out its intent to &#8220;approve or disapprove, or institute proceedings to determine whether to disapprove&#8221; the application by the stipulated date of August 13.</p><p>&#8220;Pretty Standard,&#8221; Bloomberg&#8217;s Eric Balchunas said regarding the SEC&#8217;s request for public input on the proposed rule change. </p><p>ARK Invest CEO Cathi Wood foresaw the delay, per an interview. &#8220;I think the SEC, if it&#8217;s going to approve a bitcoin ETF, will approve more than one at once.&#8221; Wood <a href="https://www.bloomberg.com/news/videos/2023-08-07/wood-sec-could-approve-more-than-one-bitcoin-etf-video" data-type="URL" data-id="https://www.bloomberg.com/news/videos/2023-08-07/wood-sec-could-approve-more-than-one-bitcoin-etf-video" target="_blank" rel="noreferrer noopener nofollow">added</a> predicting simultaneous approvals from the SEC in the future. </p><figure class="wp-block-image size-large"><img width="1024" height="412" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-1024x412.png" alt="“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision 19" class="wp-image-583630" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-1024x412.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-300x121.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-770x310.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-1536x618.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-269x108.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-746x300.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58-1376x554.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/BTCUSDT_2023-08-11_18-43-58.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision 26"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><h2>8 Bitcoin ETFs In-Play</h2><p>The SEC has received eight Bitcoin ETF applications including filings from BlackRock and Fidelity. Issuers seem in a <a href="https://en.ethereumworldnews.com/sec-assess-valkyries-spot-bitcoin-etf/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-assess-valkyries-spot-bitcoin-etf/" target="_blank" rel="noreferrer noopener">race</a> to clinch the inaugural Bitcoin ETF, a product that would allow a swathe of American investors access to Bitcoin without actually holding the cryptocurrency. </p><p>BlackRock CEO <a href="https://www.cnbc.com/2023/07/14/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html" data-type="URL" data-id="https://www.cnbc.com/2023/07/14/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html" target="_blank" rel="noreferrer noopener">Larry Fink</a> opined that approval is a matter of when, not if, hinting at the approval of his firm&#8217;s submission in four to six months.</p><p>Historically, the SEC has denied Bitcoin ETF applications on the grounds of market manipulation and inadequate surveillance. The prevailing rebuttal points to the approval of Bitcoin Futures ETFs, a similar product.</p>]]></description><link>https://m.coinsnews.com/pretty-standard-experts-say-about-ark-21shares-bitcoin-etf-decision</link><guid>606478</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg</dc:content ><dc:text>“Pretty Standard” Experts Say About ARK 21Shares Bitcoin ETF Decision</dc:text></item><item><title>DeFi Dashboard DeBank Taps OP Stack For Chain Testnet, Mainnet Coming In 2024</title><description><![CDATA[<img width="770" height="323" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-770x323.png" class="webfeedsFeaturedVisual wp-post-image" alt="DeBank" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-770x323.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-300x126.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-1024x430.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-500x210.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-269x113.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-746x313.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142.png 1345w" sizes="(max-width: 770px) 100vw, 770px" title="DeFi Dashboard DeBank Taps OP Stack For Chain Testnet, Mainnet Coming In 2024 27"><ul><li>DeBank&#8217;s &#8220;Asset Layer for Social&#8221; blockchain looks to tackle costly transaction fees and safeguard layer 1 assets on EVM-compatible chains. </li><li>The DeFi aggregator said its chain would implement account abstraction at chain level to offer a web2-like experience for users.</li><li>DeBank built its testnet and upcoming mainnet using OP stack, the blockchain infrastructure developed by Optimism and employed by Coinbase for its L2 network Base.</li></ul><p>Crypto portfolio tracker DeBank released its <a href="http://explorer.testnet.debank.com/" data-type="URL" data-id="http://explorer.testnet.debank.com/" target="_blank" rel="noreferrer noopener nofollow">testnet</a> blockchain on Friday ahead of the network&#8217;s mainnet launch expected next year in 2024. </p><p>The so-called &#8220;Asset Layer for Social&#8221; aims to tackle three concerns posed by decentralized finance participants regarding transaction costs, user experience, and asset safety on layer 1 blockchains. </p><p>A custom-built consensus mechanism would help reduce gas fees by 400 times the usual cost on other Ethereum Virtual Machine-compatibility (EVM) chains, <a href="https://twitter.com/debankdefi/status/1689963919614611457?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" data-type="URL" data-id="https://twitter.com/debankdefi/status/1689963919614611457?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" target="_blank" rel="noreferrer noopener nofollow">DeBank</a> said. The chain was also built using Optimism&#8217;s OP stack, a blockchain design developed by the Ethereum scaling solution that slashes transaction fees without jeopardizing network security.</p><p>The network hopes to offer users a web2-like experience, using Ethereum updates like Account Abstraction to implement seamless activities across networks compatible with EVM standards. DeBank also announced a private key signing feature built to safeguard assets. </p><blockquote class="wp-block-quote"><p>The new account system supports transactions signed with a dedicated L2 private key, reducing the use of L1 private keys in social scenarios and enhancing the security of users&#8217; L1 assets.</p></blockquote><h2>DeBank, Coinbase, Mantle Opt For OP Stack</h2><p>DeBank is the latest DeFi player to adopt Optimism&#8217;s OP stack for its own blockchain solution. Indeed, the OP stack has become popular among service providers looking to build tools that offer cheap on-chain transactions at scale. </p><p>Base, the layer 2 network backed by crypto exchange Coinbase, also built its recently <a href="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-decentralized-l2-network-base/" rel="noreferrer noopener">launched</a> mainnet using Optimism&#8217;s developer kit. Users bridged ~ $170 million in crypto from Ethereum to Base less than 24 hours after the network launched. </p><p>Other decentralized networks like Mantle and OpBNB also chose OP stack for their chains. </p>]]></description><link>https://m.coinsnews.com/defi-dashboard-debank-taps-op-stack-for-chain-testnet-mainnet-coming-in-2024</link><guid>606423</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-142-770x323.png</dc:content ><dc:text>DeFi Dashboard DeBank Taps OP Stack For Chain Testnet, Mainnet Coming In 2024</dc:text></item><item><title>Aave Community Approves Proposal To Acquire 5 Million CRV</title><description><![CDATA[<img width="770" height="431" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-770x431.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Aave Community Approves Proposal To Acquire 5 Million CRV 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-770x431.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-300x168.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-1024x573.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-1536x859.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-500x280.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-269x150.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-746x417.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-1376x770.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave.jpg 1788w" sizes="(max-width: 770px) 100vw, 770px" title="Aave Community Approves Proposal To Acquire 5 Million CRV 27"><ul><li>The Aave community has passed a proposal to acquire 5 million CRV using USDT from the Aave DAO treasury. </li><li>The aCRV OTC Deal aims to support the DeFi ecosystem following the recent instability induced by the Curve exploits. </li><li>The DeFi protocol also plans to use the CRV tokens to incentivize liquidity for its native stablecoin GHO.</li><li>The community is voting on two other proposals that seek to limit the protocol’s exposure to CRV. </li></ul><p>The community behind the leading DeFi lending protocol Aave has voted in favor of a <a href="https://app.aave.com/governance/proposal/?proposalId=289" rel="nofollow noopener">governance proposal</a> that seeks to acquire 5 million Curve DAO Tokens (CRV). The community was visibly divided over the proposal, with more than 42.19% of the votes against the CRV acquisition deal. However, nearly 58% of the community voted to proceed with the deal, which is expected to be implemented within 24 hours. </p><h2><strong>Aave To Use 2 Million USDT From Treasury To Acquire CRV</strong></h2><p>According to Aave’s governance <a href="https://governance.aave.com/t/arfc-acquire-crv-with-treasury-usdt/14251" rel="nofollow noopener">forum</a>, the decentralized finance protocol will use 2 million USDT from the Aave DAO treasury to strategically acquire 5 million CRV. The CRV purchase aims to support the DeFi ecosystem following the instability induced by the recent Curve Finance exploits. </p><p>Aave DAO is also looking to position itself strategically in the Curve Wars. The Curve Wars is a competition between several DeFi protocols to secure a large portion of Curve Finance’s liquidity by ensuring that their preferred pools offer the highest CRV rewards. The allocation of CRV rewards to pools is influenced by protocols that hold the most veCRV tokens.&amp; </p><p>Apart from supporting DeFi and strategizing for the Curve Wars, Aave is also hoping to incentivize liquidity for its native stablecoin <a href="https://en.ethereumworldnews.com/aave-dao-approves-deploy-gho-ethereum/">GHO</a>. The DeFi protocol plans to lock the CRV tokens in order to accumulate Curve voting power and support a GHO-specific gauge, which would benefit GHO secondary liquidity. </p><blockquote class="wp-block-quote"><p>The treasury balance and the predicted lower costs for service providers for the 2023-2024 budget would allow this strategic acquisition while maintaining a conservative stance with DAO treasury holdings.”</p><cite>Aave governance forum</cite></blockquote><p>The community is currently mulling over two other proposals that seek to limit its exposure to CRV. The first proposal aims to reduce the liquidation threshold by 6% for CRV on Aave Ethereum V2. The proposal is poised for approval, with 100% of the votes currently in favor. The second proposal seeks to disable the borrowing of CRV on Ethereum and Polygon V3. This proposal has not been met with any resistance so far and is set to be implemented after August 13, 2023.&amp; </p>]]></description><link>https://m.coinsnews.com/aave-community-approves-proposal-to-acquire-5-million-crv</link><guid>606364</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/633ee3b889712fca0b43da1d_aave-770x431.jpg</dc:content ><dc:text>Aave Community Approves Proposal To Acquire 5 Million CRV</dc:text></item><item><title>Binance Labs To Invest $5 Million In Curve DAO Token CRV</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Labs To Invest $5 Million In Curve DAO Token CRV 25"><ul><li>Curve DAO token (CRV) will deploy on BNB Chain as part of the deal with Binance Labs, the company’s incubation and venture capital arm.</li><li>The $5 million investment follows brief concerns about the DeFi stableswap exchange after exploiters drained over $70 million from CRV and ETH pools.</li><li>Recovery efforts have been largely successful, with white hackers and protocols recovering three-quarters of the stolen assets.</li><li>Security veterans also proposed a collaborative initiative to provide emergency assistance given DeFi’s recent hacks.</li></ul><p>Binance Labs, the crypto exchange&#8217;s venture capitalist and incubator arm, plans to invest $5 million in CRV, Curve DAO&#8217;s token and a widely used crypto in Ethereum&#8217;s decentralized finance ecosystem. CRV will also deploy on BNB Chain as part of the agreement.</p><p>With $2.4 billion in total value locked (TVL) per DeFiLlama, Curve is comfortably DeFi&#8217;S second-largest exchange and the largest stableswap platform for decentralized participants. Binance said the commitment to CRV directly helps to shape DeFi&#8217;s future and propel growth within the industry, <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-invests-$5m-in-curve-dao-token-crv-and-supports-curve-deployment-to-bnb-chain-4372009526169554266" target="_blank" data-type="URL" data-id="https://www.binance.com/en/blog/ecosystem/binance-labs-invests-$5m-in-curve-dao-token-crv-and-supports-curve-deployment-to-bnb-chain-4372009526169554266" rel="noreferrer noopener nofollow">added</a> Co-Founder of Binance and Head of Binance Labs Yi He. </p><blockquote class="wp-block-quote"><p>Curve is the largest stableswap, and as a key protocol in DeFi it has contributed to the steady growth of the space in 2023. Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration.</p></blockquote><h2>SEAL 911 Assembled Amid Curve Recovery</h2><p>Nearly two weeks after a reentrancy exploit, Curve Finance has recovered roughly three-quarters of ~ $70 million drained from liquidity pools on the platform. Affected protocols like Alchemix either had the stolen funds <a href="https://en.ethereumworldnews.com/52-million-recovered-curve-finance-heist/" data-type="URL" data-id="https://en.ethereumworldnews.com/52-million-recovered-curve-finance-heist/">returned</a> by exploiters or recovered by white hat hackers. </p><p>Curve Finance is yet to recover assets from the CRV/ETH pools at the time of writing. The protocol put out a bounty of $1.8 million, around 10% of the outstanding funds, for any information on the exploiters&#8217; identity. </p><p>The incident also galvanized a collaborative initiative comprised of white hat hackers, auditors, and security experts. SEAL 911, a telegram chatbot <a href="https://en.ethereumworldnews.com/curve-defi-first-responder-telegram-bot/" data-type="URL" data-id="https://en.ethereumworldnews.com/curve-defi-first-responder-telegram-bot/" target="_blank" rel="noreferrer noopener">announced</a> by Paradigm head of security Sam (@samczsun) connects any user to a pool of vetted professionals offering assistance in emergency cases like the hacks on CRV pools and Euler. </p>]]></description><link>https://m.coinsnews.com/binance-labs-to-invest-5-million-in-curve-dao-token-crv</link><guid>606132</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png</dc:content ><dc:text>Binance Labs To Invest $5 Million In Curve DAO Token CRV</dc:text></item><item><title>Coinbase Rolls Out Decentralized L2 Network Base</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Rolls Out Decentralized L2 Network Base 27"><ul><li>Coinbase becomes the first American publicly traded company to launch a decentralized network. </li><li>The layer 2 blockchain Base is now open to the public with over 100 dapps and on-chain service providers like Chainlink available at launch. </li><li>Base is an L2 network built as an alternative to Ethereum using Optimism&#8217;s OP stack. </li><li>Coinbase&#8217;s blockchain recently made crypto media headlines after a rug pull involving the BALD memecoin.</li></ul><p>Base, the L2 Ethereum network backed and built by crypto exchange Coinbase, is officially open for public access. </p><p>100 decentralized apps and crypto service providers like Chainlink are available on the blockchain at launch. Moreover, Base features an official <a href="https://en.ethereumworldnews.com/coinbase-ethereum-bridge-nft-base/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-ethereum-bridge-nft-base/" rel="noreferrer noopener">bridge</a> to Ethereum&#8217;s mainnet allowing users to freely move ETH between both networks.</p><p>The launch of Base also coincides with the company&#8217;s &#8220;<a href="https://twitter.com/BuildOnBase/status/1689315339006574592?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/BuildOnBase/status/1689315339006574592?s=20" rel="noreferrer noopener nofollow">Onchain Summer</a>&#8221; week-long event featuring commemorative NFTs and rewards for users. </p><p>Coinbase is the first-ever publicly traded entity in the U.S. to launch its own decentralized network. The company does not plan to launch a token for its Base L2 blockchain. </p><h2>Coinbase&#8217;s Secret Plan</h2><p>The decentralized network developed using Optimism&#8217;s OP stack is part of &#8220;The Coinbase Secret Master Plan&#8221;, said CEO Brian Armstrong when Base was announced back in February. </p><p>By mid July, would-be early users trooped into Base despite the network being only accessible to developers at the time. Several &#8220;degens&#8221; bridged their Ether (ETH) tokens to the network through a portal proxy contract, a one-way door from Ethereum&#8217;s ecosystem to Base. The gateway allowed these users to make millions overnight aping into risky memecoins like <a href="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" rel="noreferrer noopener">BALD</a>.</p><p>BALD holders however soon found themselves rekt after the token&#8217;s developer withdrew liquidity in what turned out to be a rug pull. A number of other memecoins on Base also turned out to be scams as well. At the time, Base users only had access to a one-way bridge, leaving liquidity trapped in the budding ecosystem. </p>]]></description><link>https://m.coinsnews.com/coinbase-rolls-out-decentralized-l2-network-base</link><guid>605843</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg</dc:content ><dc:text>Coinbase Rolls Out Decentralized L2 Network Base</dc:text></item><item><title>APT Jumps 17% After Aptos Labs Announces Partnership With Microsoft</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="APT Jumps 17% After Aptos Labs Announces Partnership With Microsoft 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="APT Jumps 17% After Aptos Labs Announces Partnership With Microsoft 27"><ul><li>Aptos Labs has partnered with Microsoft to offer a new artificial intelligence-enabled chatbot, among other products.&amp; </li><li>The chatbot will offer data about the Aptos ecosystem and will be powered by Microsoft’s OpenAI.</li><li>The partnership will see Aptos host validator nodes on Microsoft Azure to efficiently process transactions.&amp; </li><li>The layer 1 blockchain’s native token APT gained more than 17% following the partnership’s announcement.&amp; </li></ul><p>Layer 1 blockchain Aptos Labs has announced a partnership with tech giant Microsoft to leverage each other’s infrastructure and roll out new products. The partnership will also see both firms explore blockchain-based use cases, including asset tokenization, central bank digital currencies (<a href="https://en.ethereumworldnews.com/central-bank-mas-standard-cbdc-stablecoin/">CBDCs</a>), and digital payment, among others. </p><h2><strong>Aptos Assistant: AI-Powered Chatbot for Aptos Ecosystem</strong></h2><p>According to a report by <a href="https://fortune.com/crypto/2023/08/09/microsoft-aptos-labs-ai-blockchain-partnership-github-copilot-aptos-assistant-chatgpt/" rel="nofollow noopener">Fortune</a>, Aptos will collaborate with Microsoft Azure’s OpenAI service to develop an artificial intelligence-powered chatbot similar to OpenAI’s popular ChatGPT. The new chatbot, Aptos Assistant, will help users and developers access data and information about the Aptos ecosystem. </p><p>As part of the partnership, Aptos will run validator nodes on Microsoft Azure for efficient transactions and better security of the network. The layer-1 blockchain will also integrate its programming language, Move, with the Microsoft-owned coding platform GitHub. Move will specifically be integrated with Github’s Copilot, which is an AI-enabled tool that helps developers by auto-completing codes.&amp; </p><blockquote class="wp-block-quote"><p>The intersection of AI and blockchain is one of the most interesting combinations of emerging technologies. By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain.” </p><cite>Rashmi Misra, GM of AI &amp; Emerging Tech at Microsoft</cite></blockquote><p>Additionally, a team of developers from Aptos will directly collaborate with Microsoft’s AI professionals to train the tech giant’s AI models using Aptos’ verified blockchain information. As part of the partnership, Microsoft will open the door for large financial institutions to explore blockchain solutions with Aptos.&amp; </p><p>Mo Sheikh, the Chief Executive of Aptos Labs, stated that the partnership with Microsoft is part of a larger vision between the companies. “We didn’t want to go off onto the side and just hack something together just for the hype of A.I. We wanted that deep integration and co-development,” Sheikh added.&amp; </p><p>APT, the native token of the Aptos blockchain, surged more than 17% after news of the partnership with Microsoft broke. At the time of writing, APT was trading at $7.84.&amp; </p>]]></description><link>https://m.coinsnews.com/apt-jumps-17-after-aptos-labs-announces-partnership-with-microsoft</link><guid>605779</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Aptos-Labs-and-Microsoft-Unite-to-Accelerate-Web3-Adoption-with-AI-770x433.jpg</dc:content ><dc:text>APT Jumps 17% After Aptos Labs Announces Partnership With Microsoft</dc:text></item><item><title>Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433.webp 800w" sizes="(max-width: 770px) 100vw, 770px" title="Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price 21"><ul><li>Winklevoss-owned Gemini recently hinted at relisting XRP leading to a 4.7% surge in its price.&amp; </li><li>The crypto exchange has tweeted two cryptic messages teasing the crypto’s relisting on its trading platform.&amp; </li><li>Gemini previously stated that it was exploring the token after the summary judgment in SEC v Ripple.&amp; </li><li>XRP’s recent rally has prompted the liquidation of $2.4 million worth of short positions on centralized exchanges.&amp; </li></ul><p>Gemini has hinted at relisting XRP on its trading platform. In two separate crypto tweets, the Winklevoss-owned crypto exchange indicated that it would be relisting the token soon. The relisting tease comes less than a month after a federal judge in New York ruled that XRP’s sales to retail investors on secondary markets did not qualify as an investment contract, handing a major victory to Ripple.&amp; </p><h2><strong>XRP’s Rally Liquidates Short Positions Worth $2.4 Million </strong></h2><p>Gemini’s official X (Twitter) account posted a <a href="https://twitter.com/Gemini/status/1688661246231359490" rel="nofollow noopener">meme</a> earlier today which read, “Me, the intern, patiently waiting for<a href="https://twitter.com/Gemini" rel="nofollow noopener"> @Gemini</a> to list XRP.” The online crypto community interpreted it as a hint of XRP’s impending relisting. A few hours later, the crypto exchange tweeted another XRP-themed message, which reinforced the speculation about the token’s relisting. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">xpressing xcitement about xrp</p>&mdash; Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1689016349962420224?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The speculation surrounding XRP’s relisting on Gemini has led to a rally of more than 4.7%. The token went from $0.61 to $0.64 in less than 24 hours. The rally also prompted a visible uptick in the token’s daily trading volume, as well as its market capitalization. Data from the on-chain analytics platform Coinglass showed that the surge in XRP’s price also caused the liquidation of short positions worth over $2.4 million over the past 24 hours. </p><figure class="wp-block-image size-full is-resized"><img src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap.jpg" alt="Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price 12" class="wp-image-583604" width="716" height="342" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap.jpg 931w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap-300x143.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap-770x368.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap-269x129.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/XRP_1D_graph_coinmarketcap-746x357.jpg 746w" sizes="(max-width: 716px) 100vw, 716px" title="Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price 20"><figcaption>Source: <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow noopener">CoinMarketCap</a></figcaption></figure><p>Gemini previously announced that it was exploring relisting XRP for both spot and derivatives trading. The announcement came on July 13 following the <a href="https://en.ethereumworldnews.com/do-kwon-dismiss-sec-lawsuit-ripple-ruling/">summary judgment</a> in the Securities and Exchange Commission’s lawsuit against Ripple. In the aftermath of the summary judgment, leading crypto exchanges, including Coinbase, Kraken, and Crypto.com, announced that they would reverse the decision to suspend XRP’s trading and relist the cryptocurrency. </p><p>The token was delisted from several exchanges after the SEC sued Ripple in December 2020, accusing the blockchain firm of conducting a $1.3 billion unregistered securities offering.</p>]]></description><link>https://m.coinsnews.com/gemini-hints-at-relisting-xrp-leading-to-4-surge-in-its-price</link><guid>605729</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/stuttgart-germany-person-holding-smartphone-logo-us-crypto-company-gemini-trust-company-llc-screen-front-website-252085433-770x433.webp</dc:content ><dc:text>Gemini Hints At Relisting XRP Leading To 4% Surge In Its Price</dc:text></item><item><title>Solana’s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 26"><ul><li><em>Solana&#8217;s TVL climbed by almost 15% in the last month.</em></li><li><em>While user activity declined during the same period, the network saw growth in transaction fees and revenue.</em></li></ul><p><span style="font-weight: 400;">Solana registered a total value-locked (TVL) growth of 14% in the last month, while other leading chains suffered a decline, data from </span><a href="https://twitter.com/MessariCrypto/status/1688634256577175552?t=h9Zoled1b8wgOhdzBg1oUA&amp;s=19" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">Messari</span></a><span style="font-weight: 400;"> revealed. </span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Solana managed to grow its TVL last month, as most major chains declined <a href="https://t.co/zVwUgy7Mtp" rel="nofollow">pic.twitter.com/zVwUgy7Mtp</a></p><p>&mdash; Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1688634256577175552?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 7, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400;">While last year’s downtimes and the seven major exploits the chain experienced in 2022 led to a severe decline in its TVL, the year so far has been different. Per <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener nofollow">Messari</a>, Solana’s TVL at the beginning of the year was $209.25 million. Growing by 217% since then, the Layer 1 (L1) network’s TVL was $664 million at press time. </span></p><p><figure id="attachment_583595" aria-describedby="caption-attachment-583595" style="width: 1798px" class="wp-caption alignnone"><img class="size-full wp-image-583595" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18.png" alt="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 15" width="1798" height="706" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18.png 1798w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-300x118.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-1024x402.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-770x302.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-1536x603.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-500x196.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-269x106.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-746x293.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.49.18-1376x540.png 1376w" sizes="(max-width: 1798px) 100vw, 1798px" title="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 23"><figcaption id="caption-attachment-583595" class="wp-caption-text">Source: Messari</figcaption></figure></p><p><span style="font-weight: 400;">As Solana registered a TVL uptick in the last month, other top L1 networks Ethereum, Binance Smart Chain, and Avalanche, saw respective declines of 13%, 6%, and 10%. </span></p><p><span style="font-weight: 400;">Regarding Layer 2 (L2) scaling solutions, Arbitrum saw its TVL fall by 7% in the last month. Optimism, however, fared better as the rollup network logged a 10% jump in its TVL during the same period. </span></p><h4><b>State of Solana</b></h4><p><span style="font-weight: 400;">Despite registering a TVL growth in the last month, user activity on Solana suffered a shortfall. Per data from </span><a href="https://tokenterminal.com/terminal/projects/solana" rel="nofollow noopener"><span style="font-weight: 400;">Token Terminal</span></a><span style="font-weight: 400;">, the network registered a 5% decline in active user count in the past 30 days. </span></p><p><span style="font-weight: 400;">For context, user activity on the chain has been on a steady decline in the last year, primarily due to the several downtimes and exploits the network suffered during that period. In the past 180 days, daily active user count dropped by 15%. In the last 12 months, this fell by over 50%.</span></p><p><figure id="attachment_583596" aria-describedby="caption-attachment-583596" style="width: 2010px" class="wp-caption alignnone"><img class="size-full wp-image-583596" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33.png" alt="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 16" width="2010" height="1042" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33.png 2010w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-300x156.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-1024x531.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-770x399.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-1536x796.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-500x259.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-269x139.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-746x387.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.33-1376x713.png 1376w" sizes="(max-width: 2010px) 100vw, 2010px" title="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 24"><figcaption id="caption-attachment-583596" class="wp-caption-text">Source: Token Terminal</figcaption></figure></p><p><span style="font-weight: 400;">The 1.6% drop in active user activity on Solana last week reduced trading volume across the decentralized exchanges hosted on the chain. zkSync, with a much lower TVL, exceeded Solana in DEX volume during that period, on-chain data revealed.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Zk Sync did more dex volume than Solana last week and Pulse Chain did more than Avalanche <a href="https://t.co/4clej4w12q" rel="nofollow">pic.twitter.com/4clej4w12q</a></p><p>&mdash; Size Chad (@SizeChad) <a href="https://twitter.com/SizeChad/status/1688953006631354368?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 8, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400;">However, a silver lining exists. While user activity and trading volume suffered a decline, Solana’s transaction fees and network revenue surged. Per data from <a href="https://analytics.solscan.io/" target="_blank" rel="noopener nofollow">Solscan</a>, network fees charged for successful non-vote transactions climbed to a high of 53.06 SOL on 2 August. </span></p><p><span style="font-weight: 400;">While it has since declined, this represented a significant growth in network fees from 31.64 SOL recorded a month ago.</span></p><p><span style="font-weight: 400;">A broader assessment of all network fees revealed a 50% jump in the last month. Solana also saw a corresponding hike in revenue during the same period. On an annualized basis, the L1’s revenue has gone up by 21%.</span></p><p><figure id="attachment_583597" aria-describedby="caption-attachment-583597" style="width: 2010px" class="wp-caption alignnone"><img class="size-full wp-image-583597" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18.png" alt="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 17" width="2010" height="840" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18.png 2010w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-300x125.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-1024x428.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-770x322.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-1536x642.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-500x209.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-269x112.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-746x312.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-09-at-08.50.18-1376x575.png 1376w" sizes="(max-width: 2010px) 100vw, 2010px" title="Solana&#039;s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche 25"><figcaption id="caption-attachment-583597" class="wp-caption-text">Source: Token Terminal</figcaption></figure></p>]]></description><link>https://m.coinsnews.com/solanas-tvl-grows-by-14-in-the-last-month-outperforming-ethereum-bsc-and-avalanche</link><guid>605730</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/guerrillabuzz-cuK9BLM_mAQ-unsplash-770x433.jpg</dc:content ><dc:text>Solana’s TVL Grows by 14% in the Last Month, Outperforming Ethereum, BSC, and Avalanche</dc:text></item><item><title>FTX’s Ryan Salame Explores Plea Deal A Month After Campaign Finance Violation Probe</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="FTX’s Ryan Salame Explores Plea Deal A Month After Campaign Finance Violation Probe 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-1376x917.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image.webp 2000w" sizes="(max-width: 770px) 100vw, 770px" title="FTX’s Ryan Salame Explores Plea Deal A Month After Campaign Finance Violation Probe 23"><ul><li>Former FTX executive Ryan Salame has reportedly held talks with federal prosecutors regarding a plea deal.</li><li>Salame could plead guilty to criminal charges related to the crypto exchange’s collapse as soon as September.&amp; </li><li>It is unclear if Salame’s plea deal would require him to testify against his former boss Sam Bankman-Fried.&amp; </li><li>Reports of the plea deal come a month after federal prosecutors launched a probe into Salame’s campaign finance law violations.</li></ul><p>Ryan Salame, the former Co-Chief Executive of FTX Digital Markets, has reportedly held talks with federal prosecutors regarding a plea deal in connection with the charges stemming from the crypto exchange’s collapse. News of the plea deal negotiation comes more than three months after the Federal Bureau of Investigation (FBI) <a href="https://en.ethereumworldnews.com/fbi-raids-former-ftx-ryan-salames-house/">raided</a> Salame’s house in Potomac, Maryland. </p><h2><strong>FTX’s Ryan Salame Could Plead Guilty Next Month</strong></h2><p>People familiar with the matter revealed that Ryan Salame could plead guilty to charges related to FTX as soon as next month, <a href="https://www.bloomberg.com/news/articles/2023-08-08/ex-ftx-executive-salame-talking-to-prosecutors-about-plea-deal#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a> reported earlier today. The charges will likely include criminal offenses in relation to the bankrupt crypto exchange and campaign finance law violations. Salame is one of the few executives who haven’t faced any charges following FTX’s collapse in November last year. </p><p>It is unclear if the former FTX executive’s plea deal with the Department of Justice would require him to testify against his former boss Sam Bankman-Fried, who is facing multiple charges, including wire fraud, securities fraud, bribery allegations, campaign finance laws violations, etc. Salame’s former co-workers, including ex-Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang, have already entered plea agreements with the Justice Department and will testify in the lawsuit against Bankman-Fried.</p><p>Salame was known to be a prolific political donor and previously made headlines for donating as much as $24 million to Republican candidates in the United States. His political campaign contributions came under scrutiny last month after federal prosecutors initiated an investigation over potential campaign finance laws violations in relation to the political campaign of his girlfriend, Michelle Bond, who was a congressional candidate in 2022.&amp; </p>]]></description><link>https://m.coinsnews.com/ftxs-ryan-salame-explores-plea-deal-a-month-after-campaign-finance-violation-probe</link><guid>605669</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/ryan-salame-ftx-ceo-bankman-fried-feat-image-770x513.webp</dc:content ><dc:text>FTX’s Ryan Salame Explores Plea Deal A Month After Campaign Finance Violation Probe</dc:text></item><item><title>Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65%</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 27"><ul><li>Rollbit has announced a major revamp of its tokenomics, including a new Buy &amp; Burn program,</li><li>The Buy &amp; Burn program will see Rollbit use a portion of its revenue to buy and burn RLB tokens on a daily basis.</li><li>This will help to increase the value of RLB tokens by reducing the supply.</li><li>The other new programs will also benefit RLB holders, giving them ways to earn passive income, get free tokens, and increase the liquidity of RLB tokens.</li><li>The price of RLB tokens has already soared by 65% in the wake of the news.</li></ul><p>Crypto gambling platform <a href="https://rollbit.com/" data-type="URL" data-id="https://rollbit.com/" rel="nofollow noopener">Rollbit </a>just announced a major revamp of its tokenomics. Co-founder of Rollbit.com @Lucky_Rollbit <a href="https://twitter.com/Lucky_Rollbit/status/1688965999695958022" data-type="URL" data-id="https://twitter.com/Lucky_Rollbit/status/1688965999695958022" rel="nofollow noopener">announced</a> the new program called Buy &amp; Burn today. The program will see Rollbit use a portion of its revenue (10% Casino, 20% Sportsbook, 30% 1000x Futures) to buy and burn RLB tokens on a daily basis.</p><p>The Buy &amp; Burn program will help to increase the value of RLB tokens by reducing the supply. As more RLB tokens are bought and burned, the supply will decrease, which will make the tokens more scarce and valuable.</p><ul><li><strong>Added revenue dashboard:</strong> This will allow users to track Rollbit&#8217;s revenue in real time, which will give them a better understanding of the value of RLB tokens.</li><li><strong>Revenue RLB Lottery pool is updated hourly:</strong> This will ensure that the RLB Lottery pool is always up-to-date, which will give users a fair chance of winning.</li><li><strong>Staked Rollbots are locked for 30 days:</strong> This will prevent users from unstaking their Rollbots and selling their RLB tokens too quickly, which will help to stabilize the price of RLB tokens.</li><li><strong>10% of bought RLB is distributed hourly to staked Rollbots:</strong> This will give RLB holders a way to earn passive income by staking their tokens.</li><li><strong>Burns will be automated on-chain in the near future:</strong> This will make the Buy &amp; Burn program more efficient and transparent.</li><li><strong>RLB Lottery is now free to play</strong> This will make the RLB Lottery more accessible to users and could lead to increased participation in the lottery.</li></ul><figure class="wp-container-2 wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-large"><img width="1024" height="740" data-id="583581" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-1024x740.jpeg" alt="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 17" class="wp-image-583581" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-1024x740.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-300x217.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-770x556.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-1536x1109.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-2048x1479.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-269x194.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-746x539.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/F3BeAD8XsB03PIh-1376x994.jpeg 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 25"></figure></figure><p>These are all great changes that will benefit RLB holders. The staking program will give RLB holders a way to earn passive income, the airdrop program will give everyone a chance to get some free RLB tokens, and the liquidity mining program will help to increase the liquidity of RLB tokens on decentralized exchanges.</p><h2><strong>RLB Token Price Soars 65% on News of Revamped Tokenomics</strong></h2><p>The price of RLB tokens has soared by 65% in the wake of news of Rollbit&#8217;s revamped tokenomics.</p><figure class="wp-block-image size-large"><img width="1024" height="557" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-1024x557.png" alt="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 18" class="wp-image-583583" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-1024x557.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-300x163.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-770x419.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-269x146.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS-746x406.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/5kYgNscS.png 1227w" sizes="(max-width: 1024px) 100vw, 1024px" title="Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65% 26"><figcaption>Source: TradingView</figcaption></figure><p>The price of RLB tokens is currently <a href="https://www.tradingview.com/chart/?symbol=UNISWAP3ETH%3ARLBUSDT" data-type="URL" data-id="https://www.tradingview.com/chart/?symbol=UNISWAP3ETH%3ARLBUSDT" rel="noopener">trading</a> at $0.16, up from $0.10 before the news broke. If the Buy &amp; Burn program is successful, it could see the price of RLB tokens continue to rise in the coming months.</p><p><strong>Want to trade on Rollbit? Use our referral code for a 10% discount!</strong></p><p>If you&#8217;re looking to trade on Rollbit, be sure to use our referral code for a 10% discount! Simply enter the code <strong><a href="https://rollbot.com/referral/ETHWORLDNEWS" data-type="URL" data-id="https://rollbot.com/referral/ETHWORLDNEWS" rel="nofollow noopener">ETHWORLDNEWS</a></strong> when you sign up, and you&#8217;ll get a 10% discount on your first deposit.</p><p>The referral code can be found at <a href="https://rollbot.com/referral/ETHWORLDNEWS" target="_blank" rel="noreferrer noopener nofollow">https://rollbot.com/referral/ETHWORLDNEWS</a>. Just copy and paste the code when you sign up for Rollbit, and you&#8217;ll be eligible for the discount.</p><p></p>]]></description><link>https://m.coinsnews.com/rollbit-revamps-tokenomics-to-benefit-rlb-holders-token-price-soars-65</link><guid>605607</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Buy-and-Sell-RLB-on-Rollbit-Casino-770x462.jpg</dc:content ><dc:text>Rollbit Revamps Tokenomics to Benefit RLB Holders, Token Price Soars 65%</dc:text></item><item><title>BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 23" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 29"><ul><li>BTC recorded its highest daily active address count on 2 August.</li><li>The recent increase in network activity, surge in loss-making transactions, and growing negative sentiment are all indicators of a short-term price rally for Bitcoin.</li></ul><p><span style="font-weight: 400;">The number of daily active addresses that trade Bitcoin [BTC] has surged in August, reaching a three-month high of 1.07 million on 2 August, data from Santiment showed. Still growing, the number of addresses that have completed BTC transactions today was 1.03 million. </span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">???? <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Bitcoin</a>&#39;s address activity has surged to its highest level in 3.5 months in August. This utility increase, combined with major loss transactions &amp; negative sentiment, is a strong sign that a short-term (at minimum) <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BTC</a> price bounce is more probable. <a href="https://t.co/5PzjYROX5T" rel="nofollow">https://t.co/5PzjYROX5T</a> <a href="https://t.co/G2tevAWdSM" rel="nofollow">pic.twitter.com/G2tevAWdSM</a></p><p>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1687131873552855040?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 3, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400;">As the number of daily active BTC addresses increases, the number of transactions involving the cryptocurrency that has resulted in losses has also grown. An examination of the coin’s ratio of daily on-chain transaction volume in profit to loss revealed this. </span></p><p><span style="font-weight: 400;">This indicator measures the value of an asset’s transactions that return profits to the value of its transactions resulting in a loss within a single day. When the indicator logs an uptick and is above the zero line, market participants are making more profits than losses. Conversely, market participants are recording more losses when this metric returns a value below zero. </span></p><p><span style="font-weight: 400;">BTC’s ratio of daily on-chain transaction volume in profit to loss was -0.161 at press time, suggesting that more BTC trades returned losses at the time of writing. </span></p><p><span style="font-weight: 400;">Further, weighted sentiment remains negative as the coin continues to linger in a narrow price range. Per Santiment, BTC’s weighted sentiment was -0.25 at press time.</span></p><p><figure id="attachment_583535" aria-describedby="caption-attachment-583535" style="width: 3840px" class="wp-caption alignnone"><img class="size-full wp-image-583535" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023.png" alt="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 20" width="3840" height="1300" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023.png 3840w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.34.10-04-Aug-2023-1376x466.png 1376w" sizes="(max-width: 3840px) 100vw, 3840px" title="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 26"><figcaption id="caption-attachment-583535" class="wp-caption-text">Source: Santiment</figcaption></figure></p><p><span style="font-weight: 400;">According to Santiment:</span></p><blockquote><p><span style="font-weight: 400;">“This utility increase, combined with major loss transactions &amp; negative sentiment, is a strong sign that a short-term (at minimum) $BTC price bounce is more probable.”</span></p></blockquote><p><span style="font-weight: 400;">But is the king coin ready for such a leap?</span></p><h4><b>Finally, a reason to smile?</b></h4><p><span style="font-weight: 400;">Despite facing strong resistance at $30,000 and trading in a tight range for the past two months, BTC holders have been reluctant to sell their coins, according to an analysis of exchange activity.</span></p><p><span style="font-weight: 400;">A look at its exchange reserves on a 30-day moving average revealed a 1.4% decline in the last month. This metric tracks the total number of BTCs held within cryptocurrency exchanges.</span></p><p><span style="font-weight: 400;">When the value of BTC’s exchange reserves rises, it indicates higher selling pressure as more coins are being forwarded to exchanges for onward sales. On the other hand, a decline suggests a reduction in BTC distribution and is often a precursor to a price uptick. </span></p><p><figure id="attachment_583536" aria-describedby="caption-attachment-583536" style="width: 4287px" class="wp-caption alignnone"><img class="size-full wp-image-583536" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30.png" alt="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 21" width="4287" height="2700" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30.png 4287w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-300x189.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-1024x645.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-770x485.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-1536x967.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-2048x1290.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-500x315.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-269x169.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-746x470.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-Exchange-Reserve-All-Exchanges-SMA-30-1376x867.png 1376w" sizes="(max-width: 4287px) 100vw, 4287px" title="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 27"><figcaption id="caption-attachment-583536" class="wp-caption-text">Source: Santiment</figcaption></figure></p><p><span style="font-weight: 400;">In addition the declining number of  BTC sell-offs, most traders are betting on a price increase.. This is evident from the funding rates on the futures market across leading exchanges, which show that longs outnumber shorts. This is a positive sign, as it suggests that many traders believe that the price of Bitcoin will rise in the short term.</span></p><p><figure id="attachment_583537" aria-describedby="caption-attachment-583537" style="width: 3840px" class="wp-caption alignnone"><img class="size-full wp-image-583537" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023.png" alt="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 22" width="3840" height="1300" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023.png 3840w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Bitcoin-BTC-17.35.35-04-Aug-2023-1376x466.png 1376w" sizes="(max-width: 3840px) 100vw, 3840px" title="BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 28"><figcaption id="caption-attachment-583537" class="wp-caption-text">Source: Santiment</figcaption></figure></p><p>While these on-chain indicators hint at a price growth in the short-term, it remains important to pay attention to macro factors that might affect BTC&#8217;s price negatively.</p>]]></description><link>https://m.coinsnews.com/btc-bulls-are-back-on-chain-indicators-point-to-short-term-rally</link><guid>605551</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/dmitry-demidko-OG3A-ilG8AY-unsplash-770x513.jpg</dc:content ><dc:text>BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally</dc:text></item><item><title>Core Scientific Set To Exit Bankruptcy After $77 Million Deal With Bitmain</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-2.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Core Scientific Set To Exit Bankruptcy After $77 Million Deal With Bitmain 25" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-2.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-2-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="Core Scientific Set To Exit Bankruptcy After $77 Million Deal With Bitmain 29"><ul><li>Core Scientific is poised to exit its Chapter 11 bankruptcy proceedings following a $77 million deal with Bitmain.&amp; </li><li>Bitmain will acquire a $54 million stake in the bankrupt Bitcoin miner in exchange for 27,000 Antminers.&amp; </li><li>Crypto platform Anchorage Digital will also take a multi-million dollar stake in the Bitcoin mining firm.&amp; </li><li>Core Scientific’s share price gained more than 4% following the latest developments.&amp; </li></ul><p>Core Scientific, the largest publicly listed crypto mining firm by hashrate, is set to exit its Chapter 11 bankruptcy proceedings following a $77 million deal with the world’s largest crypto mining equipment maker Bitmain. The deal was disclosed in a <a href="https://cases.stretto.com/public/X217/12024/PLEADINGS/1202408082380000000050.pdf" rel="nofollow noopener">filing</a> with the U.S. Bankruptcy Court for the Southern District of Texas earlier today.</p><h2><strong>Core Scientific (CORZ) Stock Gains 4%</strong></h2><p>As per the latest court filing, <a href="https://en.ethereumworldnews.com/core-scientific-new-contracts-bankruptcy/">Core Scientific</a> has entered into an agreement to acquire 27,000 of Bitmain’s Antminer S19j XP mining rigs for $77.1 million. In exchange for the miners, Bitmain will receive $23 million cash and equity worth $54 million in the Texas-based crypto mining giant. </p><p>Crypto platform Anchorage Digital, which is owed $29 million by Core Scientific, will have its claim completely converted into equity in the restructured company. The other option for creditors of the bankrupt crypto miner is to take on secured debt at 80% of the value of their claims.&amp; </p><p>Creditors, including BlockFi, Barings, MassMutual Asset Finance, BaringsTrinity Capital, and 36th Street Capital Partners, are reportedly going to take on secured debt in the emerging company. When Core filed for bankruptcy in December last year, these creditors held a debt exposure of approximately $193 million.&amp; </p><p>B.Riley, which extended a loan of $70 million to Core Scientific as part of a bankruptcy financing deal earlier this year, is expected to provide $25 million in new financing. The investment bank will also convert the outstanding amount of the loan to a delayed term loan. The bankrupt crypto miner is also negotiating a $55 million equity rights offering for common stockholders.&amp; </p><p>The reorganization plan is largely contingent on approval from Core Scientific’s creditors as well as the relevant bankruptcy court. The latest developments led to a 4% hike in the company’s share price. At the time of writing, Core’s stock was trading at $0.95.&amp; </p>]]></description><link>https://m.coinsnews.com/core-scientific-set-to-exit-bankruptcy-after-77-million-deal-with-bitmain</link><guid>605552</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-2.jpg</dc:content ><dc:text>Core Scientific Set To Exit Bankruptcy After $77 Million Deal With Bitmain</dc:text></item><item><title>Binance To Offer El Salvador’s First Fully Licenced Crypto Exchange</title><description><![CDATA[<img width="770" height="480" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-770x480.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="El Salvador" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-770x480.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-300x187.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-1024x638.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-1536x957.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-2048x1276.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-500x312.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-269x168.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-746x465.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-1376x858.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Binance To Offer El Salvador&#039;s First Fully Licenced Crypto Exchange 29"><ul><li>Binance is the first crypto exchange to receive both a Bitcoin Services Provider license (BSP) and a non-provisional Digital Assets Services Provider license (DASP) in El Salvador. </li><li>El Salvador is the 18th market license crypto&#8217;s largest centralized exchange by market cap. </li><li>The country was also the first to approve Bitcoin (BTC) as a legal tender in 2021, making headlines around the globe and drawing scrutiny from regulators like the IMF.</li></ul><p>Binance can now offer fully regulated Bitcoin and digital asset services in El Salvador after securing two licenses from the country&#8217;s central bank and digital assets regulators. </p><p>The company said in an <a href="https://www.binance.com/en/blog/ecosystem/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721" target="_blank" data-type="URL" data-id="https://www.binance.com/en/blog/ecosystem/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721" rel="noreferrer noopener nofollow">official announcement</a> that it received a Bitcoin Services Provider license (BSP) from the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP) from the National Commission of Digital Assets (Comisión Nacional de Activos Digitales). </p><p>Min Lin, Binance Head of Latin America said both licenses were secured after months of hard work and liaising with local regulators. Indeed, Binance had a presence in El Salvador but only through a third-party entity. </p><blockquote class="wp-block-quote"><p>We are grateful to the Central Reserve Bank and the National Commission of Digital Assets. Their blockchain technology adoption has created a thriving sector in El Salvador that proves security and innovation are complementary assets. Now, it joins countries around the world that have granted Binance a regulatory license.</p></blockquote><p>Approval in El Salvador marks the 18th market to welcome Binance and issue a crypto license to the company. </p><h2>El Salvador&#8217;s Nascent Crypto Economy</h2><p>El Salvador became the first country in the world to approve Bitcoin as a legal tender. At the time, President Nayib Bukele drew scrutiny from international regulators like the IMF for legalizing the so-called digital gold. </p><p>Two years later, President Bukele signed the Digital Securities Act into law, further solidifying his administration&#8217;s crypto-savvy approach. The country is also exploring volcanic energy as a power source for <a href="https://en.ethereumworldnews.com/tether-el-salvador-1-billion-btc-mining/" data-type="URL" data-id="https://en.ethereumworldnews.com/tether-el-salvador-1-billion-btc-mining/" target="_blank" rel="noreferrer noopener">Bitcoin mining</a>. </p><p>Bitfinex Securities &#8211; an exchange offering tokenized real-world assets (RWAs) &#8211; received a provisional Digital Assets Services Provider license in April as the country continues to open its borders for crypto businesses. </p>]]></description><link>https://m.coinsnews.com/binance-to-offer-el-salvadors-first-fully-licenced-crypto-exchange</link><guid>605553</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Binance-To-Offer-El-Salvadors-First-Fully-Licenced-Crypto-Exchange-770x480.jpg</dc:content ><dc:text>Binance To Offer El Salvador’s First Fully Licenced Crypto Exchange</dc:text></item><item><title>Curve Incident Spurs DeFi First Responder Telegram Bot – SEAL 911</title><description><![CDATA[<img width="770" height="451" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-770x451.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Curve" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-770x451.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-300x176.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-1024x600.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-500x293.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-269x158.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-746x437.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911.jpg 1150w" sizes="(max-width: 770px) 100vw, 770px" title="Curve Incident Spurs DeFi First Responder Telegram Bot - SEAL 911 31"><ul><li>Auditors, security experts, and white hat hackers are banding together after Curve&#8217;s $73.5 million hack to provide emergency assistance. </li><li>The working solution spearheaded by Paradigm&#8217;s head of security Sam (@samczsun) is a telegram bot called SEAL 911. </li><li>Sam explained that SEAL 911 could tackle the hardest part of responsible disclosure during high-pressure crypto hacks.</li></ul><p>Paradigm research partner and head of security, Sam (@samczsun), unveiled a joint effort between auditors, security professionals, and white hat hackers aimed at providing assistance during crypto hacks. </p><p>The working solution &#8211; a telegram bot &#8211; arrives amid multi-million rescue missions for Curve Finance, one of DeFi&#8217;s largest exchanges which was recently exploited for $73.5 million in cryptocurrencies. </p><p>According to Sam, SEAL 911 allows anyone to contact a professional from a pool of veteran security experts in emergency situations. The <a href="https://gist.github.com/samczsun/366b853a54391a97ab13cd2e3ca2d7c9" target="_blank" data-type="URL" data-id="https://gist.github.com/samczsun/366b853a54391a97ab13cd2e3ca2d7c9" rel="noreferrer noopener nofollow">list</a> includes experts from MetaMask, ConsenSys, Peckshield, Polygon, Origin Protocol, Wintermute, Paradigm, and Yearn to name a few. </p><blockquote class="wp-block-quote"><p>Over the past few days I&#8217;ve been working with a group of whitehats, auditors, and other security leaders to try and solve the hardest part of responsible disclosure: finding the right person to talk to.</p><cite>&#8211; Sam (<a href="https://twitter.com/samczsun/status/1688613385565528064?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/samczsun/status/1688613385565528064?s=20" rel="noreferrer noopener nofollow">@samczsun</a>) on Twitter.</cite></blockquote><p>The initiative hopes to provide vetted assistance during hacks, and potentially mitigate losses from decentralized finance protocols. </p><figure class="wp-block-image size-full"><img width="1018" height="554" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141.png" alt="Curve Incident Spurs DeFi First Responder Telegram Bot - SEAL 911 24" class="wp-image-583568" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141.png 1018w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141-300x163.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141-770x419.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141-269x146.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-141-746x406.png 746w" sizes="(max-width: 1018px) 100vw, 1018px" title="Curve Incident Spurs DeFi First Responder Telegram Bot - SEAL 911 29"><figcaption><strong><a href="https://t.me/seal_911_bot" target="_blank" data-type="URL" data-id="https://t.me/seal_911_bot" rel="noreferrer noopener nofollow">SEAL 911 Telegram Bot</a></strong></figcaption></figure><h2>Curve Recovers Loot From Vyper-Pool Exploit</h2><p>DeFi&#8217;s community remains watchful even as Curve Finance recovers almost 75% of exploited liquidity. CRV&#8217;s price dropped along with TVL on Ethereum&#8217;s DeFi scene after attackers leveraged a reentrancy vulnerability to steal millions from crypto pools on Curve&#8217;s decentralized exchange. </p><p>Over a week later, the DEX <a href="https://en.ethereumworldnews.com/52-million-recovered-curve-finance-heist/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/52-million-recovered-curve-finance-heist/" rel="noreferrer noopener">recovered</a> $52.3 million out of $73.5 million stolen in late July/early August. CRV&#8217;s price also buoyed back to 60 cents after dropping to 49 cents following the exploit. </p><p>Curve is offering 10% of the outstanding funds &#8211; worth $1.8 million &#8211; as a bounty in return for information about the exploiter. </p><figure class="wp-block-image size-large"><img width="1024" height="224" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-1024x224.png" alt="Curve Incident Spurs DeFi First Responder Telegram Bot - SEAL 911 25" class="wp-image-583569" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-1024x224.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-300x65.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-770x168.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-1536x335.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-2048x447.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-269x59.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-746x163.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Public-Bountry-Notice-1376x300.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="Curve Incident Spurs DeFi First Responder Telegram Bot - SEAL 911 30"><figcaption><strong><a href="https://twitter.com/CurveFinance/status/1688221472815284224?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/CurveFinance/status/1688221472815284224?s=20" rel="noreferrer noopener nofollow">Curve Public Bounty Notice</a></strong></figcaption></figure><p></p>]]></description><link>https://m.coinsnews.com/curve-incident-spurs-defi-first-responder-telegram-bot-seal-911</link><guid>605495</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Curve-Incident-Spurs-DeFi-First-Responder-Telegram-Bot-SEAL-911-770x451.jpg</dc:content ><dc:text>Curve Incident Spurs DeFi First Responder Telegram Bot – SEAL 911</dc:text></item><item><title>Huobi Global Becomes The First Exchange To Support PayPal’s New PYUSD Stablecoin</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-770x385.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Huobi Global Becomes The First Exchange To Support PayPal&#039;s New PYUSD Stablecoin 27" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-770x385.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-300x150.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-1024x512.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-500x250.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-561x280.webp 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-1146x573.webp 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-269x135.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-746x373.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Huobi Global Becomes The First Exchange To Support PayPal&#039;s New PYUSD Stablecoin 31"><ul><li>Huobi Global has announced its plans to list PayPal’s new dollar-pegged stablecoin on its platform.</li><li>The crypto exchange plans to offer PYUSD/USDT trading pairs with zero trading fees. </li><li>Huobi executive Justin Sun has also invited PayPal to issue PYUSD on his Tron network. </li></ul><p>Huobi Global is aiming to become the first exchange to support the launch of Paypal’s new dollar-pegged stablecoin, PYUSD. The crypto exchange plans to list PYUSD on its trading platform soon and start by offering PYUSD/USDT trading pairs to its users.&amp; </p><p>Huobi’s push to add the newly launched stablecoin came just a day after customers withdrew $49 million worth of stablecoins from the crypto exchange, which translated to over 33% of its stablecoin balance. The significant outflow of stables came amid reports of several Huobi executives being arrested in China</p><h2><strong>Huobi Global To Offer Zero Trading Fees On PYUSD Pairs</strong></h2><p>According to a <a href="https://www.huobi.com/support/en-us/detail/44945804382445" rel="nofollow noopener">blog post</a> by Huobi Global, PYUSD/USDT trading pairs will be offered with zero trading fee permanently. The crypto exchange stated that it would list the new stablecoin as soon as its market circulation and liquidity conditions become favorable. The exchange reiterated that it aimed to become the first to offer&amp; </p><blockquote class="wp-block-quote"><p>Huobi has always been committed to maintaining friendly communication with high-quality projects and institutions in blockchain industry to jointly promote the development of the industry.”</p><cite>Huobi Global</cite></blockquote><p>Following the launch of PYUSD on August 7, Tron founder Justin Sun, who holds a considerable stake in Huobi Global, invited PayPal to issue its new stablecoin on the Tron network. Sun took to Twitter to highlight Tron’s efficiency and secureness that facilitated transactions worth $12 billion every day. “Mutual benefits await in the digital payment landscape. Let&#8217;s collaborate for a thriving ecosystem,” Sun added.&amp; </p><p>PayPal <a href="https://en.ethereumworldnews.com/paypal-usd-pegged-stablecoin-on-ethereum/">unveiled</a> its PYUSD stablecoin on August 7 six months after it halted its development due to the regulatory crackdown on crypto in the United States. The new stablecoin will be issued by Paxos Trust Company, which will be 100% backed by U.S. dollar deposits, short-term U.S. treasury bonds, and similar cash equivalents. Paxos Trust Co. previously minted Binance’s BUSD stablecoins.&amp; </p>]]></description><link>https://m.coinsnews.com/huobi-global-becomes-the-first-exchange-to-support-paypals-new-pyusd-stablecoin</link><guid>605433</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/GettyImages-1236126375-e1636532405960-770x385.webp</dc:content ><dc:text>Huobi Global Becomes The First Exchange To Support PayPal’s New PYUSD Stablecoin</dc:text></item><item><title>FTX’s Law Firm Faces Class Action Lawsuit For Allegedly Aiding Fraud</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-770x403.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX’s Law Firm Faces Class Action Lawsuit For Allegedly Aiding Fraud 27" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-770x403.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-1024x536.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-500x262.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-746x390.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M.jpg 1080w" sizes="(max-width: 770px) 100vw, 770px" title="FTX’s Law Firm Faces Class Action Lawsuit For Allegedly Aiding Fraud 31"><ul><li>A group of FTX customers has brought a class action suit against the exchange’s law firm.&amp; </li><li>Fenwick &amp; West LLP is being sued for allegedly aiding fraud through its legal advice to the crypto exchange.&amp; </li><li>The law firm has been accused of setting up entities used to perpetrate fraud and structuring transactions to avoid scrutiny.&amp; </li><li>Sam Bankman-Fried previously cited legal advice from Fenwick &amp; West to bolster his defense.&amp; </li></ul><p>Fenwick &amp; West LLP, the California-based law firm that served as the primary outside counsel for FTX, is being sued by the bankrupt crypto exchange’s customers. The customers have brought a class action lawsuit against the law firm for its alleged role in aiding fraud through the legal advice it provided to the crypto exchange before its collapse last year.&amp; </p><h2><strong>Fenwick Was Aware Of FTX’s Shady Business Practices?</strong></h2><p><strong> </strong>A group of FTX customers filed a class action lawsuit against the exchange in the U.S. District Court for the Northern District of California, though the plaintiffs plan to transfer it to the Southern District of Florida, <a href="https://www.reuters.com/legal/legalindustry/ftx-law-firm-fenwick-faces-second-lawsuit-by-crypto-customers-2023-08-07/" rel="nofollow noopener">Reuters</a> reported earlier today. Earlier this year, a judicial panel <a href="https://en.ethereumworldnews.com/judicial-panel-consolidates-ftx-lawsuits/">ordered</a> the consolidation of multiple lawsuits related to the bankrupt exchange in Miami where they would be heard by Federal Judge Michael Moore. </p><p>The latest complaint alleged that the services extended to FTX by Fenwick &amp; West went beyond what a law firm usually provides to its clients. The crypto exchange’s customers accused the law firm of setting up “shadowy entities” that were used by founder Sam Bankman-Fried and his inner circle to commit fraud and structure the exchange’s transactions in ways that allowed them to circumvent regulatory scrutiny.&amp; </p><blockquote class="wp-block-quote"><p>“When asked by FTX Group executives for counsel, Fenwick lawyers were eager to craft not only creative, but illegal strategies.” </p><cite>Complaint against Fenwick &amp; West LLP</cite></blockquote><p>The customers further alleged that through its unique position and proximity to FTX’s operations, Fenwick &amp; West was aware of the exchange’s complicated organizational structure, lack of internal controls, and dubious business practices. The class action lawsuit is the second FTX-related legal matter to hit the law firm. Earlier this year, Sam Bankman-Fried attempted to subpoena Fenwick to prove that he was acting on legal advice provided by the law firm during his stint as the exchange’s Chief Executive.&amp; </p>]]></description><link>https://m.coinsnews.com/ftxs-law-firm-faces-class-action-lawsuit-for-allegedly-aiding-fraud</link><guid>605373</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/4RMMDGFKOJOZPKDFLBVFQOUA6M-770x403.jpg</dc:content ><dc:text>FTX’s Law Firm Faces Class Action Lawsuit For Allegedly Aiding Fraud</dc:text></item><item><title>PayPal Rolls Out U.S. Dollar Pegged Stablecoin On Ethereum</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="PayPal Rolls Out U.S. Dollar Pegged Stablecoin On Ethereum 21" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-1536x863.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-746x419.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-1376x773.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal.png 1699w" sizes="(max-width: 770px) 100vw, 770px" title="PayPal Rolls Out U.S. Dollar Pegged Stablecoin On Ethereum 25"><ul><li>PayPal is set to launch its own dollar-pegged stablecoin on Ethereum called PayPal USD (PYUSD).&amp; </li><li>The new stablecoin will be issued by former BUSD issuer Paxos Trust Company.&amp; </li><li>The fintech giant aims to establish itself in the growing digital asset space with PYUSD.&amp; </li><li>PYUSD comes just days after a key stablecoin bill was cleared by the U.S. House Financial Services Committee.&amp; </li></ul><p>American fintech giant PayPal is set to launch its own stablecoin on Ethereum. The payment services company announced earlier today that its dollar-pegged PYUSD stablecoin would be 100% backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. With its ERC-20 stablecoin debut, PayPal is looking to venture into the growing digital asset space.</p><h2><strong>Paxos Trust Co. Will Issue PayPal’s PYUSD Stablecoin</strong></h2><p>According to a <a href="https://newsroom.paypal-corp.com/2023-08-07-PayPal-Launches-U-S-Dollar-Stablecoin" rel="nofollow noopener">press release</a> from PayPal, the new PYUSD stablecoin will be issued by Paxos Trust Company, the New York-based blockchain firm that minted Binance’s BUSD stablecoin till February this year. Paxos is licensed by the New York Department of Financial Services (NYDFS), which also issued a BitLicense to PayPal in June last year. </p><blockquote class="wp-block-quote"><p>Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.&#8221; </p><cite>Dan Schulman, president and CEO, PayPal</cite></blockquote><p>PYUSD will initially be made available to U.S.-based PayPal customers, who will be able to purchase it through the payments giant’s online platform. Users will be able to transfer the stablecoin between the platform and compatible external wallets, use it for online purchases, and convert it to one of PayPal’s supported cryptocurrencies.&amp; </p><p>Starting September 2023, Paxos Trust Co. will publish monthly Reserve Reports for PYUSD outlining the composition of the reserves backing the stablecoin. The stablecoin issuer will also publish third-party attestation of the value of the reserve assets. The attestation itself will be carried out per the standards set by the American Institute of Certified Public Accountants (AICPA).&amp; </p><p>News of PayPal’s stablecoin comes nearly six months after the fintech giant <a href="https://en.ethereumworldnews.com/paypal-halts-stablecoin-crypto-crackdown/">halted</a> stablecoin development following the crackdown on crypto by regulators in the United States. At the time, Paxos was being probed by the NYDFS for unknown reasons. </p><p>The Clarity for Payment Stablecoins Act of 2023, which was <a href="https://www.nasaa.org/wp-content/uploads/2023/07/NASAA-Letter-to-Congress-Regarding-H.R.-4766-Clarity-for-Payment-Stablecoins-Act-of-2023.pdf" rel="nofollow noopener">cleared</a> by the U.S. House Financial Services Committee last month may have played a role in PYUSD’s launch. Patrick McHenry, Chairman of the Financial Services Committee, said in a statement earlier today that the stablecoin bill brought much-needed clarity surrounding the regulation of stablecoins and other digital assets. </p>]]></description><link>https://m.coinsnews.com/paypal-rolls-out-us-dollar-pegged-stablecoin-on-ethereum</link><guid>605212</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/387308-paypal-770x433.png</dc:content ><dc:text>PayPal Rolls Out U.S. Dollar Pegged Stablecoin On Ethereum</dc:text></item><item><title>Kenyan Police Raids Worldcoin’s Warehouse In Nairobi</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Kenyan Police Raids Worldcoin’s Warehouse In Nairobi 23" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Kenyan Police Raids Worldcoin’s Warehouse In Nairobi 27"><ul><li>Law enforcement agencies in Kenya recently raided a warehouse in Nairobi belonging to Worldcoin.&amp; </li><li>Kenyan police executed a search warrant over the weekend, seizing the crypto project’s documents and machines.&amp; </li><li>The confiscated data is being analyzed by Kenya’s Directorate of Criminal Investigations.&amp; </li><li>Worldcoin’s parent firm reportedly failed to disclose its true intentions at the time of registration.</li></ul><p>Worldcoin’s warehouse in Nairobi was reportedly raided by Kenyan law enforcement agencies over the weekend. The raid came amid growing scrutiny of the controversial crypto project that was launched by ChatGPT founder Sam Altman last month. Privacy watchdogs around the world have expressed concerns over Worldcoin’s biometric data collection through iris scans in exchange for WLD tokens.&amp; </p><h2><strong>Worldcoin Failed To Disclose Its True Intentions</strong></h2><p>Local media <a href="https://kahawatungu.com/police-raid-worldcoin-cryptocurrency-warehouse-in-nairobi-over-data/" rel="nofollow noopener">reported</a> earlier today that the Kenyan executed a search warrant on August 5, 2023, at one of Worldcoin’s facilities in the capital city of Nairobi. The raid, which involved officers from multiple agencies, resulted in the confiscation of documents and machines that are believed to be associated with the crypto project’s biometric data collection. </p><p>The raid was reportedly conducted under the supervision of the Office of the Data Protection Commissioner. The seized machines and documents are reportedly being analyzed at the headquarters of the Directorate of Criminal Investigations. Immaculate Kassait, the Data Protection Commissioner, has accused Tools for Humanity, the crypto project’s parent firm, of failing to disclose its true intentions at the time of registration.&amp; </p><p>The raid came just days after Kenya’s Ministry of Interior and National Administration <a href="https://en.ethereumworldnews.com/kenya-halts-worldcoin-activity/">ordered</a> the crypto project to shut down its operations and initiated an investigation into its activities in the country due to concerns over privacy and security. The Kenyan Capital Markets Authority (CMA) previously expressed concerns about biometric data collection and publicly stated that Worldcoin was not regulated in the country. </p><p>Kenya was the first African nation targeted by Worlcoin, given its booming tech industry and a four million-strong crypto trading community. The crypto project has maintained that its activities are in accordance with Kenyan regulations. However, Interior Cabinet Secretary Kithure Kindiki told the Kenyan Parliament last week that the firm was not registered as a legal entity in the country.&amp; </p><p>Since its launch last month, Worldcoin has come under scrutiny from multiple privacy and data regulators around the world, including Germany, France, and the United Kingdom. France’s CNIL and the Bavarian State Authority in Germany have launched a joint investigation into the crypto project’s activities.&amp; </p>]]></description><link>https://m.coinsnews.com/kenyan-police-raids-worldcoins-warehouse-in-nairobi</link><guid>605142</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/worldcoin_crypto_samaltman_reuters_1690623991026-770x433.webp</dc:content ><dc:text>Kenyan Police Raids Worldcoin’s Warehouse In Nairobi</dc:text></item><item><title>$52.3 million Recovered From Curve Finance Heist</title><description><![CDATA[<img width="770" height="434" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-770x434.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve Finance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-770x434.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-500x282.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist.png 1000w" sizes="(max-width: 770px) 100vw, 770px" title="$52.3 million Recovered From Curve Finance Heist 27"><ul><li>The Curve CRV-ETH exploiter is yet to return $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30.</li><li>DeFi projects Alchemix Finance, JPEGd, and Metronome recovered a combined $48.1 million through asset returns from exploiters and white hat efforts.</li><li>Curve Finance is offering a $1.8 million bounty to anyone with information on the exploiter that could aid a court conviction.</li></ul><p>DeFi protocols affected in the $73.5 million reentrancy attack on decentralized exchange Curve Finance have recovered a substantial portion of the stolen funds, <a href="https://twitter.com/PeckShieldAlert/status/1688404426825117697?s=20" data-type="URL" data-id="https://twitter.com/PeckShieldAlert/status/1688404426825117697?s=20" target="_blank" rel="noreferrer noopener nofollow">PeckShield</a>.</p><p>The <a href="https://en.ethereumworldnews.com/alchemix-curve-exploiter-return-4keth/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/alchemix-curve-exploiter-return-4keth/" rel="noreferrer noopener">Alchemix Finance exploiter</a> returned 7,258 Ether (ETH) and 4,821 Alchemix Ether (alETH) worth $22 million. White hat hackers also rescued $13 million in crypto bringing Alchemix&#8217;s total to $35 million, the single largest recovery from Curve&#8217;s exploit.</p><p>JPEGd received $11.5 million in 5,495.4 wrapped Ether (WETH), accounting for 90% of the funds drained from its pETH/ETH pool. The frontrunner hacker claimed 10% as a bounty.</p><p>Furthermore, the Metronome Curve pool exploiter returned 886.55 ETH worth $1.6 million. </p><h2>Curve Finance Offers Bounty For Info On Exploiter</h2><p>The Curve Finance CRV-ETH exploiter is yet to return $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30, although c0ffeebabe.eth rescued $5.3 million from the CRV pool. </p><p>Curve initially offered the CRV/ETH exploiter 10% of stolen funds if they returned 90%. The bounty is now open to the public as the funds were not returned. </p><p>Currently, the bounty stands at $1.85 million for any information that could help secure a conviction in court. </p><blockquote class="wp-block-quote"><p>The deadline for the voluntary return of funds in the Curve exploit passed at 0800 UTC. We now extend the bounty to the public and offer a reward valued at 10% of the remaining exploited funds (currently $1.85M USD) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts.</p></blockquote><p>&#8220;If the exploiter chooses to return the funds in full, we will not pursue this further&#8221; <a href="https://twitter.com/CurveFinance/status/1688221472815284224?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/CurveFinance/status/1688221472815284224?s=20" rel="noreferrer noopener nofollow">added</a> the Curve team. </p>]]></description><link>https://m.coinsnews.com/523-million-recovered-from-curve-finance-heist</link><guid>605143</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/52.3-million-Recovered-From-Curve-Finance-Heist-770x434.png</dc:content ><dc:text>$52.3 million Recovered From Curve Finance Heist</dc:text></item><item><title>Alchemix Curve Exploiter Returns $9 Million In ETH</title><description><![CDATA[<img width="770" height="419" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-300x163.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-500x272.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-269x146.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-746x406.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum.png 779w" sizes="(max-width: 770px) 100vw, 770px" title="Alchemix Curve Exploiter Returns $9 Million In ETH 26"><ul><li>The Curve Finance team confirmed contact with the Alchemix alETH pool exploiter via on-chain messages.</li><li>Curve, Metronome, and Alchemix previously asked the exploiters to return 90% of the drained funds for a 10% bounty in return.</li><li>An address holding assets stolen from JPEGd, another affected DeFi protocol, also returned funds amid recovery efforts from affected projects and white hat hackers.</li><li>Meanwhile, founder Michael Egorov has sold 106 million CRV tokens in OTC deal to rebalance debts on DeFi lenders like Aave and Fraxlend. </li></ul><p>The Alchemix/CurveFinance Exploiter returned nearly $9 million in funds drained from the DeFi protocol following on-chain negotiations spotted via Etherscan on Friday. </p><p>Alchemix Finance received a blockchain transaction note asking the protocol to confirm its wallet address. The exploiter then <a href="https://etherscan.io/address/0xdce5d6b41c32f578f875efffc0d422c57a75d7d8#tokentxns" target="_blank" data-type="URL" data-id="https://etherscan.io/address/0xdce5d6b41c32f578f875efffc0d422c57a75d7d8#tokentxns" rel="noreferrer noopener nofollow">transferred</a> 4,820 ether over three transactions to Alchemix&#8217;s multi-sig wallet. At current prices, the assets are worth $8.9 million. </p><p>Friday&#8217;s transaction represents a portion of around $61 million drained from decentralized exchange Curve Finance. The attacker reportedly exploited a code bug in Vyper&#8217;s compiler, a smart contract programming language used by Curve across its platform. </p><p>The code bug allowed malicious attackers to drain liquidity pools affecting Metronome, Alchemix, and JPEGd. So far, exploiters have returned some of the looted assets to Alchemix and JPEGd. </p><p>Curve, Metronome, and Alchemix previously asked the exploiters to return 90% of the drained funds for a 10% bounty in return. CRV gained 5% in price on Friday following news of Alchemix&#8217;s recovery. </p><figure class="wp-block-image size-large"><img width="1024" height="412" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-1024x412.png" alt="Alchemix Curve Exploiter Returns $9 Million In ETH 18" class="wp-image-583530" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-1024x412.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-300x121.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-770x310.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-1536x618.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-269x108.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-746x300.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02-1376x554.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/CRVUSDT_2023-08-04_16-28-02.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Alchemix Curve Exploiter Returns $9 Million In ETH 25"><figcaption><strong><a href="https://www.tradingview.com/symbols/CRVUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/CRVUSDT/" rel="noreferrer noopener">CRV/USDT by TradingView</a></strong></figcaption></figure><h2>Curve Founder Offloads CRV To Balance Debt</h2><p>CRV, Curve native token and a cryptocurrency widely used across Ethereum&#8217;s DeFi lending ecosystem dipped in price following exploits on the exchange&#8217;s in-house pools. </p><p>The drop in CRV&#8217;s price spelled danger for loans taken by founder Michael Egorov. Egorov deposited million of CRV tokens as collateral on DeFi lending protocols like Aave and Fraxlend. These loans risked liquidation if CRV&#8217;s price fell below $0.30. </p><p>In response to the CRV&#8217;s declining price amid last weekend&#8217;s exploit, Egorov <a href="https://en.ethereumworldnews.com/curve-finance-egorov-sells-72-million-crv/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/curve-finance-egorov-sells-72-million-crv/" rel="noreferrer noopener">spurred</a> a deluge of over-the-counter (OTC) deals with some 13 investors including Tron founder Justin Sun. </p><p>Egorov&#8217;s CRV sales from OTC trades total 106 million CRV tokens and he received $42 million USDT in return. This liquidity has seemingly gone into <a href="https://twitter.com/lookonchain/status/1687294816890347520?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/lookonchain/status/1687294816890347520?s=20" rel="noreferrer noopener nofollow">balancing debts on Aave</a> and other lenders amid concerns of a DeFi implosion. </p><p>DeFi analyst Ignas opined that a CRV nosedive looked unlikely due to an increase in Curve&#8217;s 3Crypto pool featuring crvUSD+ETH+CRV. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Seems like CRV will survive.<br><br>If the Curve hacker dumped all stolen <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a>, the price would drop to $0.41, well above Aave&#39;s liquidation price of $0.29. <br><br>It&#39;s mostly thanks to the Curve 3Crypto pool of crvUSD+ETH+CRV, which increased from $2.4M to $3.9M in a day.<br><br>Liquidity is… <a href="https://t.co/QeLaiH1g8J" rel="nofollow">pic.twitter.com/QeLaiH1g8J</a></p>&mdash; Ignas | DeFi Research (@DefiIgnas) <a href="https://twitter.com/DefiIgnas/status/1687451905935486976?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/alchemix-curve-exploiter-returns-9-million-in-eth</link><guid>604526</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png</dc:content ><dc:text>Alchemix Curve Exploiter Returns $9 Million In ETH</dc:text></item><item><title>DOJ Seeks Jail Time For Sam Bankman-Fried Citing NYT Article Debacle</title><description><![CDATA[<img width="760" height="506" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407.webp" class="webfeedsFeaturedVisual wp-post-image" alt="DOJ Seeks Jail Time For Sam Bankman-Fried Citing NYT Article Debacle 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407.webp 760w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407-269x179.webp 269w" sizes="(max-width: 760px) 100vw, 760px" title="DOJ Seeks Jail Time For Sam Bankman-Fried Citing NYT Article Debacle 19"><ul><li>The U.S. Justice Department is seeking Sam Bankman-Fried’s incarceration over his role in the NYT&#8217;s controversial article.&amp; </li><li>The New York Times recently published an article with the private writings of former Alameda CEO Caroline Ellison.&amp; </li><li>The Justice Department wants SBF’s bail revoked due to his continuous witness tampering attempts.&amp; </li><li>The New York Times recently wrote to the judge overseeing SBF’s case defending the latter’s recent actions.&amp; </li></ul><p>The United States Department of Justice is seeking the revocation of Sam Bankman-Fried’s bail due to his role in an article published by the New York Times last month that has stirred up <a href="https://en.ethereumworldnews.com/prosecutor-revoke-sam-bankman-fried-bail/">controversy</a> over the past two weeks. In a recent <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.188.0.pdf" rel="nofollow noopener">letter</a> to SDNY Judge Lewis Kaplan, federal prosecutors from the Justice Department cited multiple attempts by the disgraced FTX founder to tamper with witnesses and urged the judge to put him behind bars. </p><h2>DOJ Wants Sam Bankman-Fried Detained Pending Trial In October</h2><p>The Department of Justice highlighted the acknowledgment by Sam Bankman-Fried’s defense team regarding his involvement in the New York Times article on former Alameda Research CEO Caroline Ellison. Bankman-Fried provided Ellison’s diary to NYT, which contained private writings about her time at the now-defunct crypto firm.&amp; </p><p>Federal prosecutors told Judge Kaplan that the FTX founder shared Ellison’s private writings to influence the public’s perception of her, given that she is set to testify against him after pleading guilty in the lawsuit against FTX. The prosecutors believe that Bankman-Fried’s actions amount to a federal felony while out on bail, and asked Judge Kaplan to revoke the same till his trial hearings begin on October 2, 2023.&amp; </p><p>Interestingly, the New York Times wrote to Judge Kaplan on August 2, 2023, in what appeared to be an attempt to defend Sam Bankman-Fried’s decision to share Caroline Ellison’s private diary. The NYT argued their article was in the “public’s legitimate interest” given Ellison’s proximity to the case and knowledge of FTX and Alameda’s inner workings. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">In all the years of bail revocation hearings I did, never did anyone or any organization claim a First Amendment right to facilitate witness intimidation. And for good reason— that’s not how the First Amendment works. <a href="https://t.co/ZEtUlvXbpI" rel="nofollow">https://t.co/ZEtUlvXbpI</a></p>&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1687295643730227200?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The New York Times also cited the First Amendment of the U.S. Constitution, which protects freedom of speech and the press, among other things. The news giant asked the court to make its decision in Bankman-Fried’s bail revocation matter in accordance with the First Amendment. Paul Grewal, the Chief Legal Officer at Coinbase, stated that NYT’s invocation of the First Amendment for a bail revocation hearing was unprecedented.&amp; </p>]]></description><link>https://m.coinsnews.com/doj-seeks-jail-time-for-sam-bankman-fried-citing-nyt-article-debacle</link><guid>604471</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/230111-Sam-Bankman-Fried-ac-1059p-afa407.webp</dc:content ><dc:text>DOJ Seeks Jail Time For Sam Bankman-Fried Citing NYT Article Debacle</dc:text></item><item><title>Matter Labs Denies Polygon’s Allegations Of Open-Source Code Plagiarism</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Matter Labs Denies Polygon&#039;s Allegations Of Open-Source Code Plagiarism 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-1536x864.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-1376x774.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112.webp 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Matter Labs Denies Polygon&#039;s Allegations Of Open-Source Code Plagiarism 21"><ul><li>Matter Labs has denied allegations of source code plagiarism made by Polygon.&amp; </li><li>Polygon previously accused Matter Labs of copying part of its open-source code without giving due credit.</li><li>In response, Matter Labs claimed it had sufficiently attributed the copied code to Polygon.</li></ul><p>Matter Labs, the crypto firm behind zkSync, has responded to the recent plagiarism allegations made by fellow <a href="https://en.ethereumworldnews.com/coinbase-ethereum-bridge-nft-base/">Ethereum</a> layer-2 scaling solution Polygon. Earlier today, Polygon accused Matter Labs’ developers of copying parts of its open-source code without giving due credit for the plagiarized code. Matter Labs has denied the allegations and argued that it had sufficiently attributed the copied part to Polygon. </p><h2><strong>Matter Labs: Polygon Is Making “Untrue Claims”</strong></h2><p>Earlier today, Polygon published a <a href="https://mirror.xyz/0x70DF15b0208eFCeFaA541Da9A0ED6C4A884554Fc/gNi8coqXjd1ybFsQBAG7QARUkPHZECu7ihIRkpiVx2Y" rel="nofollow noopener">blog post</a> titled “Protect the Open Source Ethos”, which accused Matter Labs of copying a “significant amount” of source code from the Plonky2 library to its recently unveiled proving system called Boojum. According to Polygon, the code was copied with copyrights or attribution to its original authors. </p><p>Polygon also called out Matter Labs’ founder Alex Gluchowski for claiming that Boojum is more efficient than Plony2. Polygon questioned the authenticity of Gluchowski’s claim, given that Boojum’s code concerning performance was directly copied from Plonky2. Polygon further cited Boojum’s introductory post, which failed to mention the layer-2 scaling solution or its developers.&amp; </p><p>In response to Polygon’s allegations, Matter Labs clarified that its Boojum proof system derived 5% of its code from Plonky2, which was “prominently attributed” in the first line of its library. In a statement to CoinDesk, a Matter Labs spokesperson said that Polygon’s blog post made untrue claims about Boojum’s code.&amp; </p><p>CEO Alex Gluchowski followed up with a detailed tweet where he expressed his disappointment with Polygon’s allegations. Gluchowski reiterated that only 5% of the Boojum code was based on the Plonky2 code. He added that Boojum and Plonky2 were both implementations of the Redshift, which he claimed was introduced by Matter Labs 3 years before Polygon published the Plonky2 paper. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Every decision we make as a team towards building <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw" rel="nofollow noopener">@zksync</a> is driven by our ethos, which is based on integrity and transparency. We have made honest mistakes in the past, but we always did our best to openly acknowledge them and take responsibility. And will always do so in the… <a href="https://t.co/4yjpSCHC2d" rel="nofollow">https://t.co/4yjpSCHC2d</a></p>&mdash; Alex G. ∎ (@gluk64) <a href="https://twitter.com/gluk64/status/1687263207860166656?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><blockquote class="wp-block-quote"><p>If the Polygon Zero team wanted additional credit, the easiest way would have been to submit a pull request which we would have happily accepted. Going ahead with public accusations of a complete lack of attribution is anything but the spirit of the Open Source movement.” </p><cite>Alex Gluchowski, Co-founder and CEO of Matter Labs</cite></blockquote><p>The tension between Polygon and Matter Labs comes as both firms rush to deliver the first zero-knowledge Ethereum Virtual Machine (zkEVM) to offer cheaper and more efficient transactions on the Ethereum network. Earlier this year, Polygon’s Mihailo Bjelic and Matter Labs’ Alex Gluchowski were involved in a heated exchange over the latter’s zkSync Era, particularly its security audits.&amp; </p>]]></description><link>https://m.coinsnews.com/matter-labs-denies-polygons-allegations-of-open-source-code-plagiarism</link><guid>604358</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Untitled-design-2021-12-17T185112-770x433.webp</dc:content ><dc:text>Matter Labs Denies Polygon’s Allegations Of Open-Source Code Plagiarism</dc:text></item><item><title>Coinbase Stock Jumps 10% After Q2 Revenue Exceeds Estimates</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Stock Jumps 10% After Q2 Revenue Exceeds Estimates 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Stock Jumps 10% After Q2 Revenue Exceeds Estimates 23"><ul><li>Coinbase’s revenue in the second quarter of 2023 exceeded market estimates by over 12%.</li><li>The crypto exchange posted a net loss of $97 million and positive adjusted EBITDA of $194 million in Q2.&amp; </li><li>The interest income from the USDC stablecoin came in at $151 million, down 24% QoQ.</li><li>The company’s share price gained as much as 10% in after-hours trading.&amp; </li></ul><p>Coinbase has reported a total revenue of $708 million for the second quarter of 2023. Despite having a quarter-on-quarter decline of 8%, the revenue was seen as a positive metric given that it beat the market estimate of $628 million. Meanwhile, the crypto exchange’s net revenue came in at $662.5 million, down 10% compared to the first quarter.&amp; </p><h2>Coinbase Posts Net Loss Of $97 Million In Q2 ‘2023</h2><p>As per Coinbase’s <a href="https://s27.q4cdn.com/397450999/files/doc_financials/2023/q2/Shareholder-Letter-Q2-2023.pdf" rel="nofollow noopener">Q2 earnings report</a>, the transaction revenue from institutional and retail clients came in at $327 million, down from $374 million in the first quarter of 2023. The revenue from subscriptions and services took a 7.2% hit, coming in at $335.4 million. The total revenue also accounted for $45.4 million of corporate interest and other income, which grew 25% compared to Q1. </p><p>The largest crypto exchange in the United States saw a total trading volume of $92 billion in the second quarter of 2023. Retail traders contributed $14 billion, while institutional traders accounted for the remaining $78 billion of trading volume. The consumer and institutional trading volume decreased by 33% and 37% QoQ, respectively.&amp; </p><p>As of June 30, 2023, <a href="https://en.ethereumworldnews.com/coinbase-ethereum-bridge-nft-base/">Coinbase</a> had an ETH staking balance of $7 billion, $2.2 billion of which was from institutions. Custodial fees contributed $17 million to the exchange’s revenue. The crypto exchange’s assets under custody witnessed a QoQ hike of 14% to $59.6 billion. Meanwhile, the interest income came in at $201 million, $151 million of which was from USD Coin. </p><blockquote class="wp-block-quote"><p>Q2 was a strong quarter for Coinbase as we executed well and showed resilience in a challenging environment. We’ve cut costs, are operating efficiently, and remain well-positioned to build the future of the crypto economy and help drive regulatory clarity.” </p><cite>Brian Armstrong, co-founder, and CEO of Coinbase</cite></blockquote><p>The earnings report also revealed a net loss of $0.76 per share for common stockholders. However, Coinbase’s overall Q2 metrics prompted its share price to gain 10% earlier today, with the stock soaring as high as $100.42 in after-hours trading. The company’s stock had returned to $91 at the time of writing. </p>]]></description><link>https://m.coinsnews.com/coinbase-stock-jumps-10-after-q2-revenue-exceeds-estimates</link><guid>604332</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/coinbase-770x433.jpg</dc:content ><dc:text>Coinbase Stock Jumps 10% After Q2 Revenue Exceeds Estimates</dc:text></item><item><title>Curve Finance Founder Sells 72 Million CRV, Brings Down CRV-Backed Debt By 21%</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve Finance Founder Sells 72 Million CRV, Brings Down CRV-Backed Debt By 21% 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Curve Finance Founder Sells 72 Million CRV, Brings Down CRV-Backed Debt By 21% 21"><ul><li>Curve Finance founder Michael Egorov has offloaded 72 million Curve Dao Tokens since last week’s exploits.&amp; </li><li>Egorov has managed to reduce his $100 million debt, collateralized with 427 million CRV, by 21%.&amp; </li><li>Earlier today Curve’s crvUSD stablecoin briefly lost its peg to the US Dollar and tanked 0.35%.</li></ul><p>Michael Egorov, the man behind the automated market maker<a href="https://en.ethereumworldnews.com/ethereum-defi-tvl-down-curve-crisis/"> Curve Finance</a>, has offloaded roughly 72 million Curve DAO tokens (CRV) in over-the-counter (OTC) trades since last week’s exploits on the DeFi protocol. Egorov’s recent sales came as he attempted to minimize his CRV-backed debts of over $100 million, which risk getting liquidated with CRV’s tanking price. </p><h2><strong>Curve Finance Founder Still Owes Over $80 Million</strong></h2><p>In a summary of Michael Egorov’s recent OTC sales, on-chain analytics firm <a href="https://twitter.com/lookonchain/status/1687115628006772737" rel="nofollow noopener">Lookonchain</a> reported that the Curve Finance founder had sold CRV to 15 different institutions and investors at an average price of $0.4, raising over $28 million in the process. </p><p>Last week’s exploit on Curve, which drained over $47 million from the DeFi protocol, put a spotlight on Egorov’s hefty loans totaling $100 million that was backed by more than 427 million CRV, which accounted for 47% of the token’s total circulating supply.&amp; </p><p>The largest debt was on Aave, where the Curve founder had posted a collateral of 305 million CRV for a loan of 63.2 million USDT. This debt is eligible for liquidation as soon as CRV’s price sinks to $0.37, given that it has a liquidation threshold of 55%. The riskiest debt was on Frax Finance, where Egorove had pledged 59 million CRV for 15.8 million FRAX. Fraxlend’s time-weighted variable interest rate made it so that the interest rate would double every 12 hours if the credit utilization reached 100%.&amp; </p><p>So far, Michael Egorov has repaid 12 million USDT to Aave and 6.6 million FRAX to Frax Finance, which left an outstanding debt of 51 million USDT and 9.1 million FRAX, respectively. The Curve Finance founder still owes 12 million MIM on Abracadabra, 9.4 million DOLA on Inverse, 740,000 XAI on Silo, reducing his total debt obligations by 21%.</p><p>Earlier today, Curve’s crvUSD stablecoin lost its peg to the US Dollar and sank as much as 0.35% amid uncertainty surrounding the DeFi protocol. Since the exploit, several players in the crypto industry, including Justin Sun and Huobi, have stepped in to prevent a dramatic decline in CRV’s price in order to avoid a DeFi catastrophe.&amp; </p>]]></description><link>https://m.coinsnews.com/curve-finance-founder-sells-72-million-crv-brings-down-crv-backed-debt-by-21</link><guid>604282</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/04890cb8cf134a4f86b10fca40381ba6-770x433.png</dc:content ><dc:text>Curve Finance Founder Sells 72 Million CRV, Brings Down CRV-Backed Debt By 21%</dc:text></item><item><title>Coinbase Announces Ethereum Bridge And NFT Functionality For L2 Base</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-1536x768.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-2048x1024.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-1476x738.png 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-1376x688.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Announces Ethereum Bridge And NFT Functionality For L2 Base 21"><ul><li>Crypto exchange Coinbase plans to increase access and functionality of its L2 network Base by August 9.</li><li>The company announced an Ethereum bridge to allow users to send tokens to and from the Base chain.</li><li>Included in the official mainnet launch are commemorative NFTs as a part of a month-long &#8220;Onchain Summer&#8221; promotion for the layer 2 network.</li><li>Today&#8217;s announcement follows a rug pull incident involving a memecoin called BALD.</li></ul><p>Coinbase <a href="https://twitter.com/BuildOnBase/status/1687089210216595456?s=20" data-type="URL" data-id="https://twitter.com/BuildOnBase/status/1687089210216595456?s=20" target="_blank" rel="noreferrer noopener nofollow">announced</a> the release of an Ethereum bridge and NFT minting for its layer 2 network Base. Base is set to launch its mainnet on August 9 after opening to developers back in July. </p><p>The Ethereum bridge will allow Base users to transfer tokens including ETH between Coinbase&#8217;s network and Ethereum&#8217;s blockchain. This was previously impossible as developer access released in July only allowed one-way transactions to Base. </p><p>Starting August 9, users will also be able to mint NFTs on Base and claim digital ID or crypto usernames on Coinbase Wallet. Coinbase also partnered with names like OpenSea, Atari, and Coca-Cola to power user rewards.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The bridge to Base is OPEN ????<br><br>Here are six ways you can bridge, including commemorative NFTs ???? <a href="https://t.co/UtHxpxr8sg" rel="nofollow">pic.twitter.com/UtHxpxr8sg</a></p>&mdash; Base ????️ (@BuildOnBase) <a href="https://twitter.com/BuildOnBase/status/1687089210216595456?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>BALD Degens Rekkt On Coinbase&#8217;s L2 Chain</h2><p>The previous lack of bridge options to Base did little to stop speculative traders from aping into memecoins launched on the blockchain. These degens as they&#8217;re known in crypto poured millions into tokens, with a coin called BALD taking center stage. </p><p>Traders reportedly turned a few hundred dollars in initial punts into millions overnight. Indeed, BALD&#8217;s market cap peaked at nearly $90 million on Sunday from a $50,000 token market cap two days prior. </p><p>BALD&#8217;s ascent was shortlived as its price <a href="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/degens-rugpull-bald-devs-pull-liquidity/" rel="noreferrer noopener">tumbled</a> toward zero after the developer withdrew over $12 million in liquidity. The rug pull &#8211; the term used to describe when a token deployer withdraws liquidity after prices have increased, leaving users unable to liquidate their coins &#8211; splashed across Base&#8217;s ecosystem with several of these memecoins rugging would-be early investors. </p><p>Decentralized exchange LeetSwap also paused operations after multiple exploits on liquidity pools. The team has since recovered over 400 ETH, per LeetSwap Twitter updates. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ Here is an update on the current situation.<br><br>We have rescued around ~400 ETH from the pools at risk as we ran through all of the 2000+ pairs multiple times trying to salvage all we could, now in our recovery wallet that will be distributed back to the teams for a relaunch.</p>&mdash; LeetSwap (@LeetSwap) <a href="https://twitter.com/LeetSwap/status/1687055050902847488?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/coinbase-announces-ethereum-bridge-and-nft-functionality-for-l2-base</link><guid>604157</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Coinbase-Ethereum-Bridge-And-NFT-Functionality-For-L2-Base-770x385.png</dc:content ><dc:text>Coinbase Announces Ethereum Bridge And NFT Functionality For L2 Base</dc:text></item><item><title>Hong Kong Awards First Crypto License To Hashkey</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Hong Kong" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-1536x1024.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-1376x917.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey.jpeg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="Hong Kong Awards First Crypto License To Hashkey 21"><ul><li>The crypto exchange upgraded its type 1 and type 7 licenses to include services approved for Hong Kong retail customers. </li><li>Haskkey&#8217;s former license only permitted the entity to do business with professional investors in the city-state. </li><li>Hong Kong has officially issued its first crypto license two months after regulators introduced a Virtual Asset Service Provider registration policy. </li><li>The new licensing regime forms part of an effort to position Hong Kong as a global crypto hub and pull digital asset businesses into the special administrative region in China.</li></ul><p>Hong Kong&#8217;s regulator issued its inaugural crypto license to Hashkey Exchange as the city-state aims to position itself as a friendly jurisdiction for digital asset businesses. The platform can now offer crypto services to local retail customers, per <a href="https://www.bloomberg.com/news/articles/2023-08-03/hong-kong-s-new-crypto-regime-awards-first-license-to-hashkey#xj4y7vzkg" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-08-03/hong-kong-s-new-crypto-regime-awards-first-license-to-hashkey#xj4y7vzkg" target="_blank" rel="noreferrer noopener nofollow">reports</a>.</p><p>Hashkey Exchange, a part of the Asia-based Hashkey Group which offers crypto financial services, secured the first license in the region after upgrading its existing type 1 and type 7 licenses. Both licenses permitted Hashkey to service professional traders. </p><p>Also, previous permits allowed Hashkey to quickly tap the new licensing regime introduced on June 1. The crypto exchange “shall at all times be in compliance with the requirements”, a spokesperson for the Securities and Futures Commission said referencing the rules guiding crypto operators. </p><p>According to Hashkey, the license for expansion of its business operations and service growing demand in the city-state following the passing of a licensing law to bootstrap crypto activity and draw in digital asset businesses.</p><h2>Hong Kong&#8217;s Crypto Push</h2><p>Regulators issued the first crypto license to Hashkey two months after introducing a registration pathway for operators. The policy includes guidelines for Virtual Asset Service Providers Hong Kong authorities <a href="https://en.ethereumworldnews.com/uae-crypto-oversight-aml-ctf-rules/" data-type="URL" data-id="https://en.ethereumworldnews.com/uae-crypto-oversight-aml-ctf-rules/" target="_blank" rel="noreferrer noopener">push</a> to level with counterparts in East Asia and the Gulf despite a crypto ban in mainland China. </p><p>Monetary authorities are also agitating for banks like HSBC, Standard Chartered, and Bank of China to onboard crypto businesses as customers. </p>]]></description><link>https://m.coinsnews.com/hong-kong-awards-first-crypto-license-to-hashkey</link><guid>604092</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Hong-Kong-Awards-First-Crypto-License-To-Hashkey-770x513.jpeg</dc:content ><dc:text>Hong Kong Awards First Crypto License To Hashkey</dc:text></item><item><title>Litecoin Price Falls After Halving, Is the Party Over?</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Litecoin Price Falls After Halving, Is the Party Over? 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-2048x1366.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Litecoin Price Falls After Halving, Is the Party Over? 24"><ul><li>Litecoin completed its third halving event on 2 August.</li><li>Its LTC coin has, however, failed to react positively.</li></ul><p><span style="font-weight: 400;">Litecoin [LTC] failed to log any significant price reaction following the network’s third halving event yesterday. At press time, the coin ranked as the fourth crypto asset with the most declines in the last 24 hours, per data from </span><a href="https://coinmarketcap.com/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">CoinMarketCap</span></a><span style="font-weight: 400;">. </span></p><p><figure id="attachment_583487" aria-describedby="caption-attachment-583487" style="width: 2814px" class="wp-caption alignnone"><img class="size-full wp-image-583487" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12.png" alt="Litecoin Price Falls After Halving, Is the Party Over? 13" width="2814" height="872" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12.png 2814w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-300x93.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-1024x317.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-770x239.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-1536x476.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-2048x635.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-500x155.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-269x83.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-746x231.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.35.12-1376x426.png 1376w" sizes="(max-width: 2814px) 100vw, 2814px" title="Litecoin Price Falls After Halving, Is the Party Over? 21"><figcaption id="caption-attachment-583487" class="wp-caption-text">Source: CoinMarketCap</figcaption></figure></p><h3><b>Much ado about nothing</b></h3><p><span style="font-weight: 400;">In its 12-year history, Litecoin completed its third halving event on 2 August. The event led to a reduction in miners’ block reward from 12.5 LTC to 6.25 LTC.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">LITECOIN HAS SUCCESSFULLY HALVED ITS BLOCK REWARD!</p><p>⚡ <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$LTC</a> ⚡ <a href="https://t.co/iemCnkPsdu" rel="nofollow">pic.twitter.com/iemCnkPsdu</a></p><p>&mdash; Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1686755968489861120?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 2, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400;">Before the halving, there was a debate about whether the halving event would result in a positive price rally for LTC. Some analysts believed that the halving was already priced in by most traders in the market. This means that many traders had already factored in the fact that the block reward would be halved and had traded accordingly. This group of people did not think the halving would result in any significant price growth for LTC.</span></p><p><span style="font-weight: 400;">Others, including Litecoin founder Charlie Lee, opined that the halving would increase the price per LTC coin. This is because the halving will reduce LTC’s supply, and should demand stay the same or increase, it would create a supply-demand imbalance, which would drive up the coin’s price. </span></p><p><span style="font-weight: 400;">Lee, on a Twitter spaces session held last week, had said:</span></p><blockquote><p><span style="font-weight: 400;">“If the supply side gets cut in half and the demand stays the same, then the price should go up.”</span></p></blockquote><p><span style="font-weight: 400;">However, an on-chain assessment of LTC’s network activity since the halving event revealed a decline in demand for the alt. Per data from S<a href="https://app.santiment.net/charts/FoSzIDuW__sCl" target="_blank" rel="noopener nofollow">antiment</a>, yesterday, the count of daily active addresses that traded LTC dropped by 9%. In the early trading hours of today, this had dropped by another 68%.</span></p><p><span style="font-weight: 400;">Likewise, transaction count also dwindled. With 127,110 LTC transactions completed on the day of the halving, a 5% decreased was registered.</span></p><p><figure id="attachment_583488" aria-describedby="caption-attachment-583488" style="width: 3840px" class="wp-caption alignnone"><img class="size-full wp-image-583488" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023.png" alt="Litecoin Price Falls After Halving, Is the Party Over? 14" width="3840" height="1300" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023.png 3840w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Litecoin-LTC-08.37.56-03-Aug-2023-1376x466.png 1376w" sizes="(max-width: 3840px) 100vw, 3840px" title="Litecoin Price Falls After Halving, Is the Party Over? 22"><figcaption id="caption-attachment-583488" class="wp-caption-text">Source: Santiment</figcaption></figure></p><p><span style="font-weight: 400;">On the daily chart, LTC selling momentum rallied. The coin’s Relative Strength Index (RSI) and Money Flow Index (MFI) were 39.44 and 39.39 respectively. Below their neutral lines and trending downwards at press time, it indicated that more traders sold their LTC holdings than bought them.</span></p><p><figure id="attachment_583486" aria-describedby="caption-attachment-583486" style="width: 2776px" class="wp-caption alignnone"><img class="size-full wp-image-583486" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04.png" alt="Litecoin Price Falls After Halving, Is the Party Over? 15" width="2776" height="1160" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04.png 2776w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-300x125.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-1024x428.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-770x322.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-1536x642.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-2048x856.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-500x209.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-269x112.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-746x312.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Screenshot-2023-08-03-at-08.33.04-1376x575.png 1376w" sizes="(max-width: 2776px) 100vw, 2776px" title="Litecoin Price Falls After Halving, Is the Party Over? 23"><figcaption id="caption-attachment-583486" class="wp-caption-text">Source: TradingView</figcaption></figure></p>]]></description><link>https://m.coinsnews.com/litecoin-price-falls-after-halving-is-the-party-over</link><guid>604093</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/michal-mancewicz-R9L7ukhBSgs-unsplash-770x513.jpg</dc:content ><dc:text>Litecoin Price Falls After Halving, Is the Party Over?</dc:text></item><item><title>U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications</title><description><![CDATA[<img width="640" height="360" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7.png" class="webfeedsFeaturedVisual wp-post-image" alt="U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7.png 640w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7-269x151.png 269w" sizes="(max-width: 640px) 100vw, 640px" title="U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications 22"><ul><li>The U.S. SEC has reportedly indicated an inclination to consider Ethereum Futures ETFs.&amp; </li><li>The change in the regulator’s stance comes after multiple applications over the past week.&amp; </li><li>TradFi and crypto giants, including Grayscale and VanEck, have filed applications for Ether Futures ETFs.&amp; </li><li>The securities regulator previously directed multiple funds to withdraw their ETH Futures ETF applications.&amp; </li></ul><p>The United States Securities and Exchange Commission (SEC) seems to have softened its stance on exchange-traded funds focusing on <a href="https://en.ethereumworldnews.com/ethereum-defi-tvl-down-curve-crisis/">Ethereum</a> futures contracts. The securities regulator is reportedly inclined to consider the Ether Futures ETFs following several applications by TradFi and crypto players over the past week. </p><h2><strong>Consideration of Ethereum Futures ETF Won’t Guarantee Approval</strong></h2><p>When Grayscale Investments filed an application with the SEC to offer the Grayscale Ethereum Futures ETF back in May, fellow funds including Bitwise, Roundhill Investments, and Valkyrie followed suit with their own ETH futures-based ETFs. However, the SEC reportedly asked the funds to stop pursuing ETH futures ETFs and withdraw their applications.&amp; </p><p>On July 28, Volatility Shares submitted an application for its Ether Strategy ETF. The application was followed by similar filings from VanEck, ProShares, Grayscale, Bitwise, and Roundhill. The funds submitted applications to offer their own versions of Ethereum Futures ETFs.</p><p>Citing two sources familiar with the latest ether futures ETF filings, Blockworks <a href="https://blockworks.co/news/sec-consider-ether-futures-etfs" rel="nofollow noopener">reported</a> that the SEC had “indicated its readiness to publicly consider such a product.” The source added that the securities regulator’s consideration of the ETH futures ETFs did not guarantee their approval. </p><blockquote class="wp-block-quote"><p>From a product perspective, all the ETF issuers are probably thinking it’s worth the cost of filing rather than risk falling behind in case ETH [ETFs] take off, even in futures form,” </p><cite>Henry Jim, Analyst at Bloomberg Intelligence</cite></blockquote><p>If the SEC takes a favorable stance on the latest applications for Ethereum futures-based ETFs, they would go live in 75 days from the date of filing. This would mean that Volatility Shares’ Ether Strategy ETF could launch on October 12, followed by the debut of Grayscale, Bitwise, Roundhill, and ProShares ETFs on October 16.</p>]]></description><link>https://m.coinsnews.com/us-sec-is-reportedly-ready-to-consider-ethereum-futures-etf-applications</link><guid>604034</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/b750765a48f44dd43a980eecd8ced3a7.png</dc:content ><dc:text>U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications</dc:text></item><item><title>DOJ’s Potential Fraud Charges Against Binance Lead to 4% Decline In BNB</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-5.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="DOJ&#039;s Potential Fraud Charges Against Binance Lead to 4% Decline In BNB 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-5.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-5-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="DOJ&#039;s Potential Fraud Charges Against Binance Lead to 4% Decline In BNB 24"><ul><li>The U.S. Department of Justice is reportedly considering fraud charges against Binance.&amp; </li><li>Federal prosecutors are concerned about the possibility of a bank run on the exchange.&amp; </li><li>The prosecutors may hit the exchange with fines or come to non-prosecution agreements to protect its users.&amp; </li><li>Reports of potential charges against the exchange have led to a 4% decline in BNB’s price.&amp; </li></ul><p>The United States Department of Justice is reportedly considering filing fraud charges against <a href="https://en.ethereumworldnews.com/binance-operational-mvp-license-dubai/">Binance</a>. However, people familiar with the matter have revealed that the Justice Department is reluctant to file formal charges considering the potential impact on the customers of the world’s largest crypto exchange. </p><h2><strong>Federal Prosecutors Consider Fines For Binance</strong></h2><p><a href="https://www.semafor.com/article/08/02/2023/us-prosecutors-worry-binance-charges-could-cause-run-on-exchange" rel="nofollow noopener">Semafor</a> reported earlier today that the Department of Justice was concerned about a bank run on Binance in the event that they pursue a fraud lawsuit against the crypto exchange. Federal prosecutors are worried that an indictment may induce significant panic in the crypto market which may lead to the exchange’s customers losing money, as was seen in the case of Bahamas-based FTX last year. </p><p>Instead of an indictment, federal prosecutors are reportedly considering alternatives, including fines, penalties, and non-prosecution agreements. As per Semafor’s sources, this route would penalize Binance for its alleged violations while protecting its investors and customers.&amp; </p><p>Binance or its Chief Executive Changpeng Zhao is yet to put out a statement addressing the reports about potential fraud charges. The latest development prompted BNB to tank as much as 4%, pulling its price to a one-week low of $238. Bitcoin also witnessed a visible decline in its price.&amp; </p><p>News of the U.S. Justice Department’s potential fraud charges against Binance came less than a day after the Wall Street Journal reported that the exchange’s users traded $90 billion worth of crypto assets in China in a single month, despite a ban on crypto trading in the country. Citing internal figures and employees of the exchange, <a href="https://www.wsj.com/articles/crypto-is-illegal-in-china-binance-does-90-billion-of-business-there-anyway-2a0af975?mod=latest_headlines" rel="noopener">WSJ</a> claimed that China accounted for 20% of Binance’s global volume, excluding trades made by high-volume traders. </p>]]></description><link>https://m.coinsnews.com/dojs-potential-fraud-charges-against-binance-lead-to-4-decline-in-bnb</link><guid>603959</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-5.jpg</dc:content ><dc:text>DOJ’s Potential Fraud Charges Against Binance Lead to 4% Decline In BNB</dc:text></item><item><title>KuCoin To Suspend Mining Pool Services Starting August 15</title><description><![CDATA[<img width="770" height="337" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-770x337.png" class="webfeedsFeaturedVisual wp-post-image" alt="KuCoin To Suspend Mining Pool Services Starting August 15 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-770x337.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-300x131.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-1024x448.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-1536x672.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-500x219.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-269x118.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-746x326.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-1376x602.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World.png 2048w" sizes="(max-width: 770px) 100vw, 770px" title="KuCoin To Suspend Mining Pool Services Starting August 15 23"><ul><li>KuCoin has announced that it will halt its mining pool starting August 15, 2023.&amp; </li><li>The crypto exchange will temporarily suspend pools that support Bitcoin and Litecoin mining.&amp; </li><li>The exchange clarified that users would retain access to their crypto assets throughout the suspension period.&amp; </li><li>Restarting the mining pools would depend on the crypto market and users’ demand.&amp; </li></ul><p>KuCoin is set to suspend its mining pool services later this month. The Seychelles-based crypto exchange cited its evolving business strategy while making the announcement earlier today. The decision to halt the pools will affect Bitcoin and Litecoin mining on the crypto platform. The decision comes nearly two years after the pools went live in August 2021.&amp; </p><h2><strong>KuCoin&#8217;s Native Token (KCS) Tanks 3% </strong></h2><p>According to a <a href="https://www.kucoin.com/announcement/en-announcement-kucoin-pool-to-temporarily-suspend-operations" rel="nofollow noopener">blog post</a> by KuCoin earlier today, the mining pools supporting cryptocurrencies including Bitcoin (BTC) and Litecoin (LTC) mining, will be halted on August 15, 2023. The platform&#8217;s users have been asked to back up and maintain their mining records before August 27, 2023. </p><p>A spokesperson for KuCoin stated that the latest decision was in line with its business strategy that aims to redirect resources to core businesses to make the platform more user-friendly. The crypto exchange urged miners on the platform to transfer their assets to alternative mining pools ahead of the suspension on August 15.&amp; </p><p>The crypto exchange, which is currently ranked 20th by daily trading volume on CoinGecko, assured its users that they would retain complete access and control over their assets throughout the suspension period. Data from MiningPoolStats, KuCoin Pool is currently the eighth-largest pool for BTC mining and the eleventh largest for LTC mining.&amp; </p><p>When asked about the timeline for restarting KuCoin’s mining pool services, a spokesperson stated that the crypto exchange would make the decision based on the crypto market and users’ demand in the future.&amp; </p><p>The latest development led to a visible decline in the price of the platform’s native token KCS. At the time of writing, KCS was trading at $5.64, down nearly 3% over the past 24 hours. <a href="https://en.ethereumworldnews.com/kucoin-layoffs-declining-profit-lawsuit/">KuCoin</a> ran into legal trouble earlier this year after the Attorney General of New York sued the crypto exchange for failing to register as a securities and commodities broker-dealer.</p>]]></description><link>https://m.coinsnews.com/kucoin-to-suspend-mining-pool-services-starting-august-15</link><guid>603909</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Peaks-And-Proffer-Of-The-Largest-Altcoin-Exchange-In-The-World-770x337.png</dc:content ><dc:text>KuCoin To Suspend Mining Pool Services Starting August 15</dc:text></item><item><title>COMP and MKR lead altcoin rally as regulatory uncertainty rallies</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 22" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 26"><p><span style="font-weight: 400">Despite increased regulatory activity, DeFi index price, led by Compound [COMP] and MakerDAO [MKR], has rallied by 56% since 11 June, Glassnode found in a new </span><a href="https://insights.glassnode.com/the-week-onchain-week-31-2023/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400">report</span></a><span style="font-weight: 400">.&amp; </span></p><p><span style="font-weight: 400">Glassnode’s DeFi price index tracks the performance of the top eight DeFi tokens by market capitalization. With other altcoins outperforming leading altcoin Ethereum [ETH], mostly propelled Ripple’s [XRP] partial win over the U.S. SEC, Glassnode noted:</span></p><blockquote><p><span style="font-weight: 400">“Our DeFi index…has established an almost two-month-long uptrend relative to ETH. This is the first outperformance since September 2022 and with very similar performance thus far.”</span></p></blockquote><p><figure id="attachment_583458" aria-describedby="caption-attachment-583458" style="width: 1920px" class="wp-caption alignnone"><img class="size-full wp-image-583458" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52-.png" alt="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 19" width="1920" height="1080" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52-.png 1920w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/The-Metric-Factory-52--1376x774.png 1376w" sizes="(max-width: 1920px) 100vw, 1920px" title="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 23"><figcaption id="caption-attachment-583458" class="wp-caption-text">Source: Glassnode</figcaption></figure></p><h4><b>COMP and MKR take the lead</b></h4><p><span style="font-weight: 400">Per the report, COMP and MKR “stand out as primary drivers of this trend.” Regarding Compound, its governance token COMP experienced an 83% uptick a week after the protocol’s founder and CEO Robert Leshner, revealed his exit from the lending protocol and announced the launch of the Superstate project.&amp; </span></p><p><span style="font-weight: 400">Around the same period, MakerDAO introduced its </span><a href="https://messari.io/governor/proposal/3497389b-d123-4a88-a5f7-bff686261c37" target="_blank" rel="noopener nofollow"><span style="font-weight: 400">Smart Burn Engine</span></a><span style="font-weight: 400">, which drove up MKR’s value, Glassnode found.&amp; </span><span style="font-weight: 400">The MakerDAO Smart Burn Engine is a smart contract system that allocates excess DAI to purchase MKR, increasing the on-chain liquidity of MKR over time. This could remove $7 million worth of MKR from circulation in 30 days, increase the token&#8217;s demand and drive its price. Following the Smart Burn Engine’s implementation, MKR’s value climbed by 43% a week after.&amp; </span></p><p><figure id="attachment_583459" aria-describedby="caption-attachment-583459" style="width: 3673px" class="wp-caption alignnone"><img class="size-full wp-image-583459" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1-.png" alt="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 20" width="3673" height="2135" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1-.png 3673w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--300x174.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--1024x595.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--770x448.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--1536x893.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--2048x1190.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--500x291.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--269x156.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--746x434.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691266-1--1376x800.png 1376w" sizes="(max-width: 3673px) 100vw, 3673px" title="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 24"><figcaption id="caption-attachment-583459" class="wp-caption-text">Source: Glassnode</figcaption></figure></p><h4><b>DEXes saw increased activity as well</b></h4><p><span style="font-weight: 400">Apart from the jump in the value of DeFi tokens, the past few weeks have also been marked by a jump in network activity across decentralized exchanges. According to Glassnode:</span></p><blockquote><p><span style="font-weight: 400">“The relative share of volume traded on DEXs has increased from 3.75% at the beginning of June to 29.2% today, close to the highs seen during the second half of 2022.”</span></p></blockquote><p><figure id="attachment_583460" aria-describedby="caption-attachment-583460" style="width: 3673px" class="wp-caption alignnone"><img class="size-full wp-image-583460" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1-.png" alt="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 21" width="3673" height="2150" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1-.png 3673w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--300x176.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--1024x599.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--770x451.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--1536x899.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--2048x1199.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--500x293.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--269x157.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--746x437.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Group-137691267-1--1376x805.png 1376w" sizes="(max-width: 3673px) 100vw, 3673px" title="COMP and MKR lead altcoin rally as regulatory uncertainty rallies 25"><figcaption id="caption-attachment-583460" class="wp-caption-text">Source: Glassnode</figcaption></figure></p><p><span style="font-weight: 400">As noted by Glassnode, the rise in DEX volume was partly due to increased trading activity on Uniswap across Layer 2 platforms and the surge in network activity from both human traders and Sandwich bots.</span></p><p><span style="font-weight: 400">While Uniswap trading volume on Ethereum remained low, Glassnode noted:</span></p><blockquote><p><span style="font-weight: 400">“that an appreciable portion of trading has shifted from the Ethereum mainnet across to Arbitrum, attracting up to 32% of volume in March. This trend has remained elevated in June and July, which provides a degree of reasoning for the lower volume on Ethereum we observed above.”</span></p></blockquote><p>Regarding human and Sandwich bots trading activity on Uniswap, Glassnode noted that while human trading volume has risen by 30% since the beginning of July, Sandwich bots have contributed over 60% of the daily trading volume on the DEX.</p>]]></description><link>https://m.coinsnews.com/comp-and-mkr-lead-altcoin-rally-as-regulatory-uncertainty-rallies</link><guid>603854</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/shubham-dhage-gC_aoAjQl2Q-unsplash-770x433.jpg</dc:content ><dc:text>COMP and MKR lead altcoin rally as regulatory uncertainty rallies</dc:text></item><item><title>HEX Delisted From Uniswap UI After SEC Suit</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-770x514.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="HEX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-770x514.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-500x334.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-746x498.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit.jpeg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="HEX Delisted From Uniswap UI After SEC Suit 26"><ul><li>The Securities and Exchange Commission declared HEX and two other crypto projects led by Richard Heart as unregistered securities in a lawsuit.</li><li>Heart allegedly raised $1 billion from HEX, PulseChain, and PulseX since 2019, per the SEC&#8217;s claims in an Eastern District of New York court.</li><li>The token is now delisted on Uniswap&#8217;s front-end interface, though the token is still tradeable on crypto&#8217;s largest decentralized exchange.</li></ul><p>Richard Heart&#8217;s HEX token is now delisted on leading decentralized exchange HEX days after the U.S. Securities and Exchange Commission (SEC) alleged that the token is an unregistered security in a lawsuit filed on July 31. </p><p>The move does not mean that Uniswap users cannot trade the token. Rather, the crypto is removed from Uniswap&#8217;s front-end user interface and appears with a warning note. Traders can still swap HEX on the DEX by directly calling up the token&#8217;s smart contract. </p><p>Uniswap added HEX to its list of unsupported tokens found <a href="https://unsupportedtokens.uniswap.org/" target="_blank" data-type="URL" data-id="https://unsupportedtokens.uniswap.org/" rel="noreferrer noopener nofollow">here</a>. Cryptos in this list include coins delisted based on legal consideration and tokens that have proven to be scams or violate trademarks. </p><h2>SEC Sues Richard Heart&#8217;s HEX And Pulse Projects</h2><p>On July 31, the SEC sued Richard Heart whose government name is Richard Schueler. Heart was accused of raising at least $1 billion since 2019 from three crypto projects &#8211; HEX, PulseChain (PLS), and PulseX (PLSX). </p><p>The complaint filed at a District Court in Eastern New York also named Uniswap as a trading venue for Heart&#8217;s tokens. According to the lawsuit, PulseX was launched as a Uniswap fork, and transactions of unregistered securities issued by Heart occurred on the DEX. </p><blockquote class="wp-block-quote"><p>Venue is proper in this District because many of the crypto asset transactions described herein took place on Uniswap, a so-called decentralized crypto asset trading platform whose developers are headquartered in Brooklyn. </p></blockquote><p>Included in the lawsuit are claims that Heart funneled cash invested in his crypto offerings toward funding a lavish personal lifestyle, thus defrauding investors of their money. The SEC has several cases against crypto founders including <a href="https://en.ethereumworldnews.com/sec-sues-celsius-founder-alex-mashinksy/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-celsius-founder-alex-mashinksy/" rel="noreferrer noopener">Alex Mashinsky</a>, Changpeng Zhao, and <a href="https://www.cnbc.com/2023/02/16/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2023/02/16/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html" rel="noreferrer noopener">Do Kwon</a>. </p>]]></description><link>https://m.coinsnews.com/hex-delisted-from-uniswap-ui-after-sec-suit</link><guid>603802</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/HEX-Delisted-From-Uniswap-UI-After-SEC-Suit-770x514.jpeg</dc:content ><dc:text>HEX Delisted From Uniswap UI After SEC Suit</dc:text></item><item><title>Kenya Halts Worldcoin Signups Citing Public Safety</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Worldcoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Kenya Halts Worldcoin Signups Citing Public Safety 26"><ul><li>Worldcoin signups in Kenya were suspended on Wednesday pending investigations into privacy concerns and public risk posed by the project, said the Ministry of the Interior.</li><li>Sam Altman&#8217;s iris-scanning project previously named Kenya&#8217;s capital city Nairobi as a major point of demand, garnering hundreds of thousands of sign-ups as of December 2022.</li><li>France&#8217;s watchdog also voiced concerns about the project&#8217;s legality after last week&#8217;s launch and token airdrop to over 2 million participants worldwide.</li></ul><p>Kenya&#8217;s Ministry of the Interior on Wednesday <a href="https://www.facebook.com/photo/?fbid=598481229140719&amp;set=pcb.598481412474034" target="_blank" data-type="URL" data-id="https://www.facebook.com/photo/?fbid=598481229140719&amp;set=pcb.598481412474034" rel="noreferrer noopener nofollow">suspended</a> the activities of Worldcoin, an identity-focused crypto project co-founded by OpenAI CEO Sam Altman which launched last week. </p><p>The government is reportedly concerned about Altman&#8217;s crypto endeavor which the Kenyan ministry described as being &#8220;involved in the registration of citizens through collection of eyeball/iris data.&#8221;</p><p>Authorities in Kenya cited possible risks to public safety, privacy concerns, and data security as reasons for the decision. The Ministry also halted the activities of other entities that may be harvesting data from citizens until such time that authorities are able to ensure the safety of citizens. </p><blockquote class="wp-block-quote"><p>Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities, the safety and protection of the data being harvested, and how the harvesters intend to use the data.</p></blockquote><p>Kenya&#8217;s capital city Nairobi was a hotspot for Worldcoin registration last year, accounting for around 250,000 signups as of December 2022. As today&#8217;s announcement could come as a roadblock for Altman&#8217;s Worldcoin, the project also <a href="https://en.ethereumworldnews.com/sam-altmans-worldcoin-wld-up-70/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sam-altmans-worldcoin-wld-up-70/" rel="noreferrer noopener">stirred</a> controversy in other jurisdictions following its debut. </p><h2>Worldcoin Controversy</h2><p>Upon its launch and token airdrop to 2 million subscribers worldwide, most of whom reside in the global South, Worldcoin was met with doubts stemming from privacy concerns. The project operates by issuing a digital ID after participants scan their eyeballs/iris with an Orb. A token under the ticker WLD is also issued although the project is geofenced and unavailable in jurisdictions like the U.S.</p><p>Financial watchdogs in <a href="https://www.reuters.com/technology/frances-privacy-watchdog-says-worldcoin-legality-seems-questionable-2023-07-28/" data-type="URL" data-id="https://www.reuters.com/technology/frances-privacy-watchdog-says-worldcoin-legality-seems-questionable-2023-07-28/" target="_blank" rel="noreferrer noopener nofollow">France</a> and Germany voiced skepticism over the project&#8217;s data collection, highlighting concerns about data leaks, and Worldcoin&#8217;s presence in so-called third-world/underdeveloped regions. </p>]]></description><link>https://m.coinsnews.com/kenya-halts-worldcoin-signups-citing-public-safety</link><guid>603803</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Kenya-Halts-Worldcoin-Signups-Citing-Public-Safety-770x433.jpg</dc:content ><dc:text>Kenya Halts Worldcoin Signups Citing Public Safety</dc:text></item><item><title>Microstrategy Incurs $24 Million Impairment Charge On Bitcoin Holdings In Q2 ‘2023</title><description><![CDATA[<img width="770" height="460" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-770x460.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Microstrategy Incurs $24 Million Impairment Charge On Bitcoin Holdings In Q2 ‘2023 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-770x460.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-300x179.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-1024x611.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-500x298.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-746x445.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646.jpg 1300w" sizes="(max-width: 770px) 100vw, 770px" title="Microstrategy Incurs $24 Million Impairment Charge On Bitcoin Holdings In Q2 ‘2023 26"><ul><li>MicroStrategy reported revenue of $120 million and gross profit of $93 million in Q2 ‘2023.&amp; </li><li>The company incurred an impairment charge of $24 million on its 152,333 BTC worth $2.3 billion.&amp; </li><li>The Michael Saylor-led firm acquired 12,800 BTC in the second quarter of 2023.&amp; </li><li>The company’s stock rose as much as 3% in after-hours trading.</li></ul><p>U.S.-based business intelligence firm <a href="https://en.ethereumworldnews.com/microstrategy-stock-7-berenberg-bitcoin/">MicroStrategy</a> has reported a revenue of $120.4 million for the second quarter of 2023. The Michael Saylor-led firm, which is the largest publicly traded corporate holder of Bitcoins, acquired 12,888 BTC in the second quarter for $361.4 million at an average price of $28,233 per Bitcoin. </p><h2><strong>MicroStrategy Stock Up 3% In After-Hours Trading</strong></h2><p>The second quarter <a href="https://www.businesswire.com/news/home/20230801942986/en/" rel="nofollow noopener">financial results</a> released by MicroStrategy earlier today showed that the firm recorded a gross profit of $93.3 million, with a gross margin of 77.5%. The company managed to return to profitability thanks to the recent surge in Bitcoin’s price. </p><p>However, MicroStrategy reported a $26.7 million loss from operations along with a net income of $26.7 million. The company also incurred impairment charges of $24.1 million on its Bitcoin holdings, which marked a 97% decline from the impairment charges of Q2 ‘2022.&amp; </p><blockquote class="wp-block-quote"><p>“We efficiently raised capital through our at-the-market equity program and used cash from operations to continue to increase bitcoins on our balance sheet. And we did so against the promising backdrop of increasing institutional interest, progress on accounting transparency, and ongoing regulatory clarity for bitcoin.” </p><cite>Andrew Kang, Chief Financial Officer at MicroStrategy</cite></blockquote><p>As of June 30, 2023, MicroStrategy held approximately 152,333 Bitcoins valued at $2.3 billion, which were purchased at an average price of$15,251. This amount reflected the cumulative impairment losses of $2.19 billion since acquisition. The company has spent a total of $4.53 billion to accumulate the BTC.&amp; </p><p>MicroStrategy beat the earnings per share (EPS) expectations by a whopping 249%. The company’s share price closed at $434 and gained nearly 3% in after-hours trading.&amp; </p>]]></description><link>https://m.coinsnews.com/microstrategy-incurs-24-million-impairment-charge-on-bitcoin-holdings-in-q2-2023</link><guid>603651</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/20211216122059646-770x460.jpg</dc:content ><dc:text>Microstrategy Incurs $24 Million Impairment Charge On Bitcoin Holdings In Q2 ‘2023</dc:text></item><item><title>Voyager Digital Customer Data Hacked Amid Bankruptcy Process, VGX Down 10%</title><description><![CDATA[<img width="290" height="174" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Voyager Digital Customer Data Hacked Amid Bankruptcy Process, VGX Down 10% 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1.jpg 290w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1-269x161.jpg 269w" sizes="(max-width: 290px) 100vw, 290px" title="Voyager Digital Customer Data Hacked Amid Bankruptcy Process, VGX Down 10% 26"><ul><li>Defunct crypto lender Voyager Digital has become the target of a scam amid its bankruptcy proceedings.</li><li>The scams were designed to extract data from Voyager’s customers who were awaiting repayment from the firm.&amp; </li><li>Law enforcement agencies and bankruptcy officials are investigating the scams.&amp; </li><li>The platform’s native token VGX lost more than 10% of its value following the latest development.&amp; </li></ul><p>A scam targeting stranded customers of &lt;a href=&quot;http://&lt;!&#8211; wp:paragraph &#8211;&gt; &lt;p&gt;According to &lt;a href=&quot;https://en.ethereumworldnews.com/voyagers-payback-customers-35-of-claims/&quot;&gt;Voyager Digital&lt;/a&gt; lawyer Darren Azman, the available amount represented nearly 80% of the funds that were available for the bankruptcy payout process. The scam reportedly occurred during the court-supervised liquidation process as the customers were being paid out. &lt;/p&gt; Voyager Digital</a> has become the latest development in the defunct crypto lender’s Chapter 11 bankruptcy proceedings. The customers were reportedly hit with scams as they attempted to access the bankruptcy payouts on the recently opened platform. </p><h2><strong>Scammers Used Fake Websites To Target Voyager Digital’s Customers</strong></h2><p>Voyager Digital recently reopened its app to allow its customers to view the payout amount that they were eligible for and withdraw the same. The firm’s customers, who had been stranded since July last year, had a 30-day window to withdraw approximately $490 million worth of Voyager’s remaining assets, <a href="https://www.bloomberg.com/news/articles/2023-08-01/voyager-bankruptcy-may-have-been-hacked-to-get-customer-data#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a> reported. </p><p>During a recent court hearing, Azman told the judge overseeing the bankruptcy proceedings that the scams were designed to gain access to the digital wallets of customers who accessed Voyager’s platform to retrieve funds. As per the lawyer, the scammers set up fake websites that lured the customers in by offering higher payouts to those who linked their non-Voyager crypto wallet to a new account offered by the. The wallets were drained once the customer signed up for the new account.&amp; </p><blockquote class="wp-block-quote"><p>It’s disgraceful. I don’t know what to say. After everything these folks have been through.” </p><cite>US Bankruptcy Judge Michael Wiles</cite></blockquote><p>The Voyager Digital lawyer stated that the scammers had managed to steal funds from very few customers so far. Law enforcement agencies and bankruptcy officials overseeing Voyager’s liquidation are looking into the scams. The platform’s native token, <a href="https://coinmarketcap.com/currencies/voyager-token/" rel="nofollow noopener">VGX</a>, has lost over 10% of its value over the past 24 hours. At the time of writing, VGX was trading at $0.17.</p>]]></description><link>https://m.coinsnews.com/voyager-digital-customer-data-hacked-amid-bankruptcy-process-vgx-down-10</link><guid>603652</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/images-1.jpg</dc:content ><dc:text>Voyager Digital Customer Data Hacked Amid Bankruptcy Process, VGX Down 10%</dc:text></item><item><title>Justin Sun’s Tron Group Records $85 Million Profit In Q2 ‘2023</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Justin Sun&#039;s Tron Group Records $85 Million Profit In Q2 &#039;2023 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Justin Sun&#039;s Tron Group Records $85 Million Profit In Q2 &#039;2023 21"><ul><li>Justin Sun’s Tron Group has posted a profit of $85 million for the second quarter of 2023.&amp; </li><li>The group saw a growth of 183% in its quarter-on-quarter (QoQ) profit thanks to cost-cutting measures.</li><li>Sun projected revenue of $200 million for Q3, with a quarterly profit of $100 million.&amp; </li><li>Meanwhile, Huobi Global recorded a significant loss in Q2 and is expected to break even in the third quarter.&amp; &amp; </li></ul><p>Justin Sun’s Tron Group has recorded a profit of $85 million in the third quarter of 2023. The group saw a quarter-on-quarter profit growth of 183% after enforcing cost-cutting measures. Sun, who took to <a href="https://twitter.com/justinsuntron/status/1686371227089436672" rel="nofollow noopener">Twitter</a> earlier today to share Tron’s performance with the community, expects the group’s revenue to reach $200 million in the third quarter. </p><h2><strong>Justin Sun Expects Huobi To Breakeven In Q3 ‘2023</strong></h2><p>According to <a href="https://en.ethereumworldnews.com/trx-expands-ethereum-bittorrent-bridge/">Justin Sun</a>, Tron Group’s second-quarter revenue came in at $193 million. With an expenditure of $108 million, the group was left with a quarterly profit of $85 million, as compared to $30 million in the first quarter of 2023. The revenue did not include investment gains and losses of the firm. </p><p>Some of the Q2 metrics were lower than Sun had <a href="https://twitter.com/sunyuchentron/status/1645366519260655616" rel="nofollow noopener">projected</a> at the end of the first quarter. While the revenue exceeded the projected $187 million, the group failed to limit its expenditure to $76 million, which prevented it from reaching the projected profit of $111 million. </p><p>Sun told his followers that the firm’s efforts to increase revenue and reduce costs were visible in the earnings. As for the third quarter revenue, the Tron founder shared a conservative forecast of $200 million. He added that he expected a 7.4% reduction in expenditure, bringing the Q3 projection to $100 million.&amp; </p><p>Huobi Exchange, which was reportedly acquired by Justin Sun’s group last year, suffered a significant loss in the second quarter. The crypto entrepreneur expects the exchange business to break even in the next quarter and turn slightly profitable by Q4 ‘2023.&amp; </p>]]></description><link>https://m.coinsnews.com/justin-suns-tron-group-records-85-million-profit-in-q2-2023</link><guid>603546</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/202207181300-main.cropped_1658135036-770x433.jpg</dc:content ><dc:text>Justin Sun’s Tron Group Records $85 Million Profit In Q2 ‘2023</dc:text></item><item><title>Ethereum DeFi TVL Down $3.55B Since Curve Crisis</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Ethereum DeFi TVL Down $3.55B Since Curve Crisis 24"><ul><li>Curve founder Michael Egorov has sold over 39 million CRV to investors and entities in over-the-counter deals.</li><li>Egorov received $15 million in USDT so far for selling CRV at a discounted price of $0.40, per DeFi analysts LookOnChain.</li><li>Sources said the OTC deals include 3-6 month lock-up terms with the buyers like Tron founder Justin Sun and market maker DWF Labs.</li><li>Total value locked on Ethereum dipped by a few billion following exploits on factory pools provided by Curve Finance and a slump in CRV price.</li></ul><p>Total value locked on across Ethereum DeFi protocols dipped by $3.55 billion since Sunday following exploits on Curve Finance factory pools, on-chain analytics provider IntoTheBlock said on Tuesday. </p><p>The 8% decline in TVL comes at a time when founder Michael Egorov is selling discounted CRV tokens for USDT in a bid to stave off liquidation of his collateralized loan on Aave, a major DeFi lender.</p><figure class="wp-block-image size-full"><img width="750" height="429" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock.png" alt="Ethereum DeFi TVL Down $3.55B Since Curve Crisis 18" class="wp-image-583437" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock.png 750w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock-300x172.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock-500x286.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock-269x154.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-by-IntoTheBlock-746x427.png 746w" sizes="(max-width: 750px) 100vw, 750px" title="Ethereum DeFi TVL Down $3.55B Since Curve Crisis 23"><figcaption><strong><a href="https://app.intotheblock.com/insights/defi/charts" data-type="URL" data-id="https://app.intotheblock.com/insights/defi/charts" target="_blank" rel="noreferrer noopener nofollow">Ethereum DeFi TVL by IntoTheBlock</a></strong></figcaption></figure><h2>Tron&#8217;s Sun And Other Tap Curve Discount</h2><p>Per DeFi analysts LookOnChain, Curve founder Michael Egorov has sold 39.25 million CRV in exchange for $15.8 million USDT. The transactions were reportedly part of OTC deals with investors like Tron founder Justin Sun, market maker DWF Labs, crypto trader DCFGod, and DeFi platform Cream Finance. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">More and more institutions and investors bought <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a> via OTC!<br><br>Machi Big Brother bought 3.75M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a>.<br>DWF Labs bought 2.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a>.<a href="https://t.co/MQg382LigF" rel="nofollow">https://t.co/MQg382LigF</a> bought 2.5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a>.<br>&#8230;<br><br>Michael Egorov has sold a total of 39.25M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$CRV</a> via OTC and received 15.8M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$USDT</a>.<a href="https://t.co/hQBlW5WG6J" rel="nofollow">https://t.co/hQBlW5WG6J</a> <a href="https://t.co/NMIQ2p05ZL" rel="nofollow">pic.twitter.com/NMIQ2p05ZL</a></p>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1686331352483082240?ref_src=twsrc%5Etfw" rel="nofollow noopener">August 1, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>According to reports, Egorov and the buyers agreed on lock-up periods ranging from three to six months. These investors can also sell their CRV should the price rise to $0.80. </p><p>Egorov&#8217;s flurry of OTC deals is purportedly a move to cushion his $60 million on Aave collateralized by $175 million in CRV tokens. Liquidation of the founder&#8217;s Aave loan could trigger a domino effect of bad debt across several DeFi lending services, potentially plunging the decentralized lending ecosystem into disarray. </p><p>This scenario only plays out should CRV&#8217;s price plunge significantly below $0.3 thus liquidating Egorov&#8217;s massive Aave loan. Concerns regarding the possibility were <a href="https://en.ethereumworldnews.com/curve-finance-warns-arbitrum-exploit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/curve-finance-warns-arbitrum-exploit/" rel="noreferrer noopener">raised</a> after factory exploits on Curve Finance liquidity pools and the ensuing CRV price decline. </p>]]></description><link>https://m.coinsnews.com/ethereum-defi-tvl-down-355b-since-curve-crisis</link><guid>603547</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/Ethereum-DeFi-TVL-Down-3.55B-Since-Curve-Crisis-770x433.png</dc:content ><dc:text>Ethereum DeFi TVL Down $3.55B Since Curve Crisis</dc:text></item><item><title>Binance Japan Debuts For Local Users</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Japan Debuts For Local Users 24"><ul><li>Binance Japan will offer 34 cryptocurrencies for spot trading at launch including BNB, the largest basket of options in the country. </li><li>Users with accounts on the global exchange can apply for migration from August 14.</li><li>Trading for migrated customers will open on December 1, the company&#8217;s official announcement said. </li><li>The crypto exchange returns to Japan after regulatory warnings in 2021 and 2018. </li></ul><p>In a strategic move to seize opportunities in the Asian market, Binance, one of the world&#8217;s leading digital asset exchanges, has officially <a href="https://www.binance.com/ja/support/announcement/binance-japan-%E6%97%A5%E6%9C%AC%E5%9B%BD%E5%86%85%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E6%9C%AC%E6%97%A5%E3%82%88%E3%82%8A%E6%8F%90%E4%BE%9B%E9%96%8B%E5%A7%8B-48c06be2cbce4689b01fb7e61e08a469" target="_blank" data-type="URL" data-id="https://www.binance.com/ja/support/announcement/binance-japan-%E6%97%A5%E6%9C%AC%E5%9B%BD%E5%86%85%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E6%9C%AC%E6%97%A5%E3%82%88%E3%82%8A%E6%8F%90%E4%BE%9B%E9%96%8B%E5%A7%8B-48c06be2cbce4689b01fb7e61e08a469" rel="noreferrer noopener nofollow">launched</a> a cryptocurrency trading platform in Japan that fully complies with local regulations.</p><p>The platform launched on Tuesday with 34 cryptos available for spot trading, the largest digital asset assortment of any crypto exchange in Japan. BNB, Binance&#8217;s native exchange token, is among the tokens offered. This marks the first time crypto users in Japan can trade BNB. </p><p>Japanese crypto users will be able to sign up for accounts starting today while existing users with accounts on Binance&#8217;s global exchange have the option to migrate to Binance Japan by August 14. Migrating users will be able to use the new exchange from December 1, the company said. </p><p>August 1 marks the crypto exchange&#8217;s return to Japan after cameos in 2018 and regulatory skirmishes in 2021. At the time, Japan&#8217;s Financial Services Agency (FSA) warned Changpeng Zhao&#8217;s exchange to cease operating without a license. </p><p>CZ&#8217;s company said the exchange did not solicit Japanese customers or offer its services to local users.</p><h2>Binance Secures Dubai License</h2><p>The leading crypto exchange was recently <a href="https://en.ethereumworldnews.com/binance-operational-mvp-license-dubai/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-operational-mvp-license-dubai/" rel="noreferrer noopener">issued</a> an operational minimum viable product (MVP) license from Dubai&#8217;s Virtual Assets Regulatory Authority (VARA). Binance FZE, the company&#8217;s Dubai subsidiary, became the first crypto exchange in the region to receive such a license. </p><p>While the crypto exchange solidifies its foothold in Asia and the Middle East, the company&#8217;s European affairs are another matter. The De Nederlandsche Bank (DNB) <a href="https://www.cnbc.com/2023/06/16/binance-to-exit-the-netherlands-as-it-fails-to-get-regulatory-approval.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2023/06/16/binance-to-exit-the-netherlands-as-it-fails-to-get-regulatory-approval.html" rel="noreferrer noopener">booted</a> Binance from the Dutch market after the company failed to register. </p><p>The company is also winding down its services in Belgium, Cyprus, and the United Kingdom. </p>]]></description><link>https://m.coinsnews.com/binance-japan-debuts-for-local-users</link><guid>603470</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg</dc:content ><dc:text>Binance Japan Debuts For Local Users</dc:text></item><item><title>Judge Denies Do Kwon’s Motion To Dismiss SEC Lawsuit, Rejects Precedent Set By Ripple Ruling</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-9.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Judge Denies Do Kwon’s Motion To Dismiss SEC Lawsuit, Rejects Precedent Set By Ripple Ruling 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-9.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-9-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="Judge Denies Do Kwon’s Motion To Dismiss SEC Lawsuit, Rejects Precedent Set By Ripple Ruling 24"><ul><li>A New York judge has rejected the ruling regarding XRP by Judge Analisa Torres in SEC v Ripple.&amp; </li><li>The decision to reject the Ripple precedent will allow the SEC to pursue the fraud lawsuit against Do Kwon and Terraform Labs.&amp; </li><li>Kwon and Terraform Labs previously cited Judge Torres’ ruling in a bid to get the lawsuit filed by the SEC dismissed.&amp; </li></ul><p>A federal judge in New York has allowed the Securities and Exchange Commission to pursue its fraud lawsuit against Terraform Labs and its disgraced founder, Do Kwon. However, in allowing the securities regulator to proceed, the judge rejected a previous ruling from fellow Manhattan Judge Analisa Torres, who stated that sales of XRP on secondary markets did not constitute an investment contract.&amp; </p><h2><strong>Rejection Of XRP Ruling Foils Do Kwon’s Attempt To Evade Charges</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-31/ripple-ruling-on-crypto-rejected-by-federal-judge-in-terra-case#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, U.S. District Judge Jed Rakoff rejected the summary judgment from Judge Analisa Torres and paved the way for the SEC to proceed with its legal case against Do Kwon and Terraform Labs.</p><p>Do Kwon’s defense team previously cited Judge Torres’ ruling in an attempt to get the SEC’s lawsuit dismissed. The SEC’s charges included the offering of unregistered securities, including UST, LUNA, and MIR. The lawyers urged the court to refer to the summary judgment, which stated that XRP sold in secondary markets did not qualify as a security.&amp; </p><p>Kwon’s lawyers argued that Ripple’s partial victory in the legal battle with the SEC demonstrated the regulator’s lack of legal grounds to categorize the majority of cryptocurrencies as securities. The lawyers highlighted the distinction that Judge Torres made between institutional sales and programmatic sales. However, Judge Rakoff refused to acknowledge the said distinction.&amp; </p><blockquote class="wp-block-quote"><p>The court declines to draw a distinction between these coins based on their manner of sale, such that coins sold directly to institutional investors are considered securities and those sold through secondary market transactions to retail investors are not.”</p><cite>US District Judge Jed Rakoff </cite></blockquote><p>The SEC previously informed the court that it intended to <a href="https://en.ethereumworldnews.com/sec-appeal-ripple-ruling-xrp-do-kwon/">appeal</a> Judge Torres’ ruling in its lawsuit against Ripple and urged Judge Rakoff to not consider the summary judgment while hearing arguments in the case against Terraform and Do Kwon. </p>]]></description><link>https://m.coinsnews.com/judge-denies-do-kwons-motion-to-dismiss-sec-lawsuit-rejects-precedent-set-by-ripple-ruling</link><guid>603332</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/08/download-9.jpg</dc:content ><dc:text>Judge Denies Do Kwon’s Motion To Dismiss SEC Lawsuit, Rejects Precedent Set By Ripple Ruling</dc:text></item><item><title>BALD: A tale of the meme coin’s 24 hours period of glory</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-770x511.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BALD: A tale of the meme coin&#039;s 24 hours period of glory 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-770x511.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-300x199.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-1024x680.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-1536x1020.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-2048x1360.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-500x332.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-746x495.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-1376x914.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BALD: A tale of the meme coin&#039;s 24 hours period of glory 25"><ul><li>During the intraday trading session on Sunday, BALD&#8217;s value rallied by 4,000,000$.</li><li>Its market capitalization almost touched $100 million in a single day as trading intensified.</li><li>However, as the project&#8217;s developers remove liquidity from the BALD/WETH liquidity pool, the meme coin&#8217;s value has plummeted.</li></ul><p><span style="font-weight: 400">Coinbase’s Layer 2 platform Base experienced a surge in user activity on 30 July as daily traders flocked to the OP-Stack-based platform to trade the newly-launched meme coin Bald (BALD). </span></p><p><span style="font-weight: 400">Although Base remained in testnet and only opened up to developers in mid-July, traders who sought to book quick profits by apeing in on the meme coin found a way around it.</span></p><p><span style="font-weight: 400">While not having any website or a proper doxxing of the developers behind it, BALD amassed a market capitalization of $50 million a few hours after traders caught a whiff of the first tweet where the token was “mentioned.”</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Bought 2% under 50k mcap.</p><p>This is going to be a make it play. I’m<br />Not touching the bags until 100M mcap.<a href="https://t.co/AZ6sxk3l5J" rel="nofollow">https://t.co/AZ6sxk3l5J</a><a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> <a href="https://twitter.com/search?q=%24BASE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BASE</a></p><p>&mdash; cheatcoiner.eth (@cheatcoiner) <a href="https://twitter.com/cheatcoiner/status/1685393722618376194?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 29, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">In fact, there were speculations that someone at Coinbase issued the meme coin due to the use of Coinbase staked Ether (cbETH) to fund the same. According to Crypto Twitter user <a href="https://twitter.com/matrixthesun/status/1685519220547956736" target="_blank" rel="noopener nofollow">@matrixthesun</a>:</span></p><blockquote><p><span style="font-weight: 400">“The coin itself seems to have been deployed by a whale who has connections to a large supply of $cbETH. $cbETH is the Coinbase variant of staked ETH. This could mean that BALD is launched by a Coinbase insider or perhaps even Brian himself.”</span></p></blockquote><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> to $100M Mcap?!</p><p>A new memecoin emerged on <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" rel="nofollow noopener">@coinbase</a>&#39;s new chain, BASE, built on Optimism.</p><p>It has since done a 100X in just a few hours, being one of the few coins that can be aped on BASE chain.</p><p>However, here comes the interesting part!</p><p>The coin itself seems to have… <a href="https://t.co/2zdMRZjdsS" rel="nofollow">pic.twitter.com/2zdMRZjdsS</a></p><p>&mdash; MTS (@matrixthesun) <a href="https://twitter.com/matrixthesun/status/1685519220547956736?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 30, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><h3><b>The market went on a prowl</b></h3><p><span style="font-weight: 400">As BALD&#8217;s trading volume climbed, its market capitalization surged significantly. It went as high as $50 million on Sunday afternoon, causing a number of traders to log huge gains. For example, Crypto Twitter user @cheatcoiner, who made the first tweet about the token, recorded over $1 million from a $500 investment. </span></p><p><span style="font-weight: 400">Likewise, on-chain analytics platform Lookonchain found that in just four minutes after BALD began trading, four addresses purchased 50 million worth of BALD tokens for 0.534 $ETH . </span><span style="font-weight: 400">This represented 50% of the total supply of the meme coin’s supply. </span></p><p><span style="font-weight: 400">Shortly after, they sold 337 million BALD tokens for $1.04 million, resulting in a remarkable profit of $1 million within a single day with a $1,000 initial investment.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">These 4 addresses spent 0.534 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ETH</a>($1K) to buy 50M <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> (50% of the total supply) within 4 mins of <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> starting trading.</p><p>Then sold 37M <a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> for 554 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ETH</a>($1.04M).</p><p>Earned $1M with $1K in 1 day! <a href="https://t.co/gXIDRjbhic" rel="nofollow">pic.twitter.com/gXIDRjbhic</a></p><p>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1685656638328557569?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 30, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">As the token’s popularity grew, its market capitalization touched $85 million late Sunday evening, and its value grew by 4,000,000%. </span></p><h4><b>All&#8217;s well that ends well</b></h4><p><span style="font-weight: 400">As BALD trading intensified on Sunday, the project’s developers consistently added Ether tokens to the BALD/WETH liquidity pool. This enabled smooth trading between BALD and the leading alt ETH, and by Monday, the trading pair accumulated more than $32 million in liquidity and recorded a trading volume exceeding $100 million.</span></p><p><span style="font-weight: 400">However, by mid-day on Monday, data from <a href="https://basescan.org/tx/0xd4fce790ac42a5a801bebb220adc2a6f9d9bf99985de6a824638a269c3e52ade" target="_blank" rel="noopener nofollow">Basescan</a> revealed that BALD&#8217;s developers removed $12 million worth of wrapped Ether [WETH] from BALD’s liquidity pool</span><span style="font-weight: 400"> causing BALD’s price to plummet.</span></p><p><span style="font-weight: 400">At press time, the token exchanged hands at $0.002492 dropping by over 90%. Also, the available liquidity on the BALD/WETH liquidity pool stood at $38,000, data from </span><a href="https://dexscreener.com/base/0xe96df8f5ef1a8790415068c798765b07d57643bd" target="_blank" rel="noopener nofollow"><span style="font-weight: 400">DexScreener</span></a><span style="font-weight: 400"> revealed. Likewise, the market capitalization that almost touched $100 million was below $3 million at the time of writing. </span></p><p><figure id="attachment_583421" aria-describedby="caption-attachment-583421" style="width: 666px" class="wp-caption alignnone"><img class="size-full wp-image-583421" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-31-at-16.59.07.png" alt="BALD: A tale of the meme coin&#039;s 24 hours period of glory 16" width="666" height="916" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-31-at-16.59.07.png 666w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-31-at-16.59.07-218x300.png 218w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-31-at-16.59.07-500x688.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-31-at-16.59.07-269x370.png 269w" sizes="(max-width: 666px) 100vw, 666px" title="BALD: A tale of the meme coin&#039;s 24 hours period of glory 24"><figcaption id="caption-attachment-583421" class="wp-caption-text">Source: DexScreener</figcaption></figure></p><h4><b>Do you want to bridge to the Base network?</b></h4><p><span style="font-weight: 400">While Base’s mainnet release date remains unknown, learning how to move funds to the network to trade on the decentralized exchanges currently housed within it might be imperative.</span></p><p><span style="font-weight: 400">To do this, you must first set up a <a href="https://metamask.io/" target="_blank" rel="noopener nofollow">MetaMask</a> wallet and have some ETH. If you don&#8217;t have MetaMask, you can install it as a <a href="https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn" target="_blank" rel="noopener nofollow">browser extension</a> or mobile app and then add your ETH to the wallet.</span></p><p><span style="font-weight: 400">Once you have your MetaMask wallet set up and funded with ETH, you need to add Base Mainnet to your list of networks in MetaMask. To do this, go to the network selection dropdown in MetaMask and choose &#8220;Custom RPC.&#8221; </span></p><p><span style="font-weight: 400">Fill in the fields provided with the network details </span><a href="https://docs.base.org/using-base/" target="_blank" rel="noopener nofollow"><span style="font-weight: 400">provided</span></a><span style="font-weight: 400"> by Base. When this is done correctly, Base Mainnet will appear as one of the networks in your MetaMask. </span></p><p><span style="font-weight: 400">After successfully adding Base Mainnet to your MetaMask wallet, you can proceed with the bridging process. Decide on the amount of ETH you want to bridge to the Base Mainnet network and ensure you have that amount available in your MetaMask wallet. Once confirmed, initiate the transaction to send the chosen amount of ETH to the designated wallet address provided by Base Mainnet. </span></p><p><span style="font-weight: 400">Remember that you can only bridge funds to the Base Mainnet network now, and bridging back remains officially impossible.</span></p>]]></description><link>https://m.coinsnews.com/bald-a-tale-of-the-meme-coins-24-hours-period-of-glory</link><guid>603333</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dan-dennis-pZ56pVKd_6c-unsplash-770x511.jpg</dc:content ><dc:text>BALD: A tale of the meme coin’s 24 hours period of glory</dc:text></item><item><title>USDT Issuer Tether Records Over $1 Billion Operational Profit In Q2</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="USDT Issuer Tether Records Over $1 Billion Operational Profit In Q2 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0.jpg 834w" sizes="(max-width: 770px) 100vw, 770px" title="USDT Issuer Tether Records Over $1 Billion Operational Profit In Q2 22"><ul><li>Stablecoin giant Tether recorded an operational profit of more than $1 billion in the second quarter of 2023 </li><li>The USDT issuer&#8217;s consolidated assets exceed its consolidated losses, leaving an excess reserve of $3.3 billion.</li><li> Most of the stablecoin firm’s profits came from interests on the Treasury bills held in its reserves. </li><li>The USDT issuer had an overall exposure of $72.5 billion to U.S. T-bills at the end of Q2 ‘2023.</li></ul><p><a href="https://en.ethereumworldnews.com/hong-kong-accountant-duped-tether/">Tether</a> Holdings published its attestation for the second quarter of 2023 earlier today. The report showed that the USDT issuer recorded a profit of more than $1 billion between April 2023 and June 2023, marking a quarter-over-quarter (QoQ) increase of 30%. The attestation was carried out by public accounting firm BDO Italia, which also compiled the stablecoin giant’s Consolidated Reserves Report. </p><h2><strong>Tether’s Excess Reserves Topped $3.3 Billion In Q2 ‘2023</strong></h2><p>Tether CEO Paolo Ardoino took to <a href="https://twitter.com/paoloardoino/status/1685993811774738432" rel="nofollow noopener">Twitter</a> earlier today to share the latest attestation report. As per the report, the majority of the stablecoin firm’s operational profit came from interest on the T-bills it held in the reserves that backed its USDT stablecoin. The USDT issuer’s overall exposure to U.S. T-bills was $72.5 billion as of June 30, 2023. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">If Tether was a country, with $72.5 Billion overall t-bill exposure it would be the 22nd largest holder of US treasuries, larger than the UAE, Australia and Mexico and just below Germany, Bermuda and Netherlands.<br><br>Excess reserves also reach $3.3 Billion. Congrats <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Tether_to</a> team! <a href="https://t.co/lhSn6LyKAh" rel="nofollow">https://t.co/lhSn6LyKAh</a></p>&mdash; Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1685994171692093442?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 31, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The stablecoin giant also revealed an excess in its reserve amounting to $850 million, which brought its total excess reserves to roughly $3.3 billion at the end of the second quarter. According to the USDT issuer, the excess acted as a counterbalance and ensured more protection for users. </p><blockquote class="wp-block-quote"><p>While these excess reserves are part of Tether&#8217;s own shareholder equity and normally a company would distribute them as dividends, Tether prefers to keep a big portion of these profits on top of the reserves to make its stablecoins products even more resilient.”</p><cite>Paolo Ardoino, Chief Technology Officer at Tether Holdings Limited</cite></blockquote><p>As per the <a href="https://assets.ctfassets.net/vyse88cgwfbl/63oJePOHqIvrcnXWMPZ1M0/4cfaf2e7cdf80c30b17fdc70faaf741f/ESO.03.01_Std_ISAE_3000R_Opinion_30-06-2023_BDO_Tether_CRR.pdf" rel="nofollow noopener">Consolidated Reserves Report</a>, Tether’s total assets amounted to $86.4 billion as of June 30, 2023. In addition to the revenue, the USDT issuer also disclosed a share buyback of $115 million that was made to consolidate the shareholder group. The profits earned in the second quarter were also used to finance other energy related-ventures. </p>]]></description><link>https://m.coinsnews.com/usdt-issuer-tether-records-over-1-billion-operational-profit-in-q2</link><guid>603213</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2043471785_0-770x513.jpg</dc:content ><dc:text>USDT Issuer Tether Records Over $1 Billion Operational Profit In Q2</dc:text></item><item><title>Degens Fear Rugpull As BALD Developers Pull Liquidity</title><description><![CDATA[<img width="254" height="199" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Degens-Fear-Rugpull-As-BALD-Developers-Pull-Liquidity.png" class="webfeedsFeaturedVisual wp-post-image" alt="BALD" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" title="Degens Fear Rugpull As BALD Developers Pull Liquidity 21"><ul><li>The price of BALD sharply tumbled from 9 cents to 1 cent on Monday after developers withdrew 6,800 ETH from the liquidity pool on LeetSwap.</li><li>On-chain data showed that developers began adding Ether back to the token pool in small tranches after the massive liquidity pull.</li><li>BALD&#8217;s market cap peaked at $85 million late on Sunday as degen traders aped into memecoin plays on Base, a layer 2 network built by Coinbase using Optimism&#8217;s OP stack.</li><li>One trader bagged $1.4 million in gains from an initial $500 investment over the weekend on Base.</li></ul><p>What goes up must come down &#8211; the laws of gravity and memecoins. </p><p>BALD, a memecoin on Coinbase&#8217;s L2 network Base, fell sharply in price on Monday after developers pulled 6,800 ETH from the coin&#8217;s liquidity pool. </p><p>Data from <a href="https://basescan.org/tx/0xd4fce790ac42a5a801bebb220adc2a6f9d9bf99985de6a824638a269c3e52ade" target="_blank" data-type="URL" data-id="https://basescan.org/tx/0xd4fce790ac42a5a801bebb220adc2a6f9d9bf99985de6a824638a269c3e52ade" rel="noreferrer noopener nofollow">Basescan</a> showed that developers withdrew $12 million worth of wrapped Ether from BALD&#8217;s liquidity pool on decentralized exchange LeetSwap. The action resulted in a liquidity crunch that tanked BALD&#8217;s price from 9 cents to 1 cent before rebounding back around 2 cents at press time. </p><p>The sudden price fall means an over 60% decline in token price during Monday trading hours, per <a href="https://www.coingecko.com/en/coins/bald" data-type="URL" data-id="https://www.coingecko.com/en/coins/bald" target="_blank" rel="noreferrer noopener nofollow">Coingecko</a>. </p><figure class="wp-block-image size-large"><img width="1024" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-1024x1024.png" alt="Degens Fear Rugpull As BALD Developers Pull Liquidity 15" class="wp-image-583412" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-6.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Degens Fear Rugpull As BALD Developers Pull Liquidity 20"><figcaption><strong>BALD/USD by Coingecko</strong></figcaption></figure><h2>BALD Traders Touch The Moon</h2><p>Degen traders made staggering gains on BALD over the weekend after the token leaped from a $50,000 market cap to over $85 million on Sunday evening. The coin boasts above $121 million in trading volume for the past 24 hours.</p><p>One trader @cheatcoiner&amp; saw their $500 investment rise to nearly $2 million in days as degen traders made speculative plays on the Base ecosystem.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Almost 2M bags&#8230;<br><br>These past 2 days have been like 2 weeks in my life, lot of things happening in just hours.<br><br>Hundreds of DMs, thousands of notifications.<br><br>Thanks to those who are happy for me and have congratulated me.<a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> <a href="https://t.co/cdIol7ZK45" rel="nofollow">https://t.co/cdIol7ZK45</a></p>&mdash; cheatcoiner.eth (@cheatcoiner) <a href="https://twitter.com/cheatcoiner/status/1685988121408647168?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 31, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The memecoin is built on Base, an L2 network released by crypto exchange Coinbase and designed using the OP developers stack from optimism. Base launched its testnet in January and opened its mainnet on July 13 for developers. </p><p>Base&#8217;s trading volume <a href="https://en.ethereumworldnews.com/base-trading-volume-200-million-degens/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/base-trading-volume-200-million-degens/" rel="noreferrer noopener">surpassed</a> $200 million over the weekend as several memecoins launched in its ecosystem ahead of its full debut in August. </p>]]></description><link>https://m.coinsnews.com/degens-fear-rugpull-as-bald-developers-pull-liquidity</link><guid>603139</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Degens-Fear-Rugpull-As-BALD-Developers-Pull-Liquidity.png</dc:content ><dc:text>Degens Fear Rugpull As BALD Developers Pull Liquidity</dc:text></item><item><title>Chainlink [LINK] daily whale transactions count climb to its highest level in the last year</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 25"><ul><li>During the trading session on 27 July, LINK traded above $8 due to a spike in whale transactions.</li><li>LINK whale accumulation has climbed significantly in the last month.</li><li>Positive funding rates suggested that more traders were placing bets in favor of the coin.</li></ul><p><span style="font-weight: 400">During the intraday trading session on 27 July, Chainlink (LINK) led the altcoins pack with the most gains. The count of LINK whale transactions climbed to a one-year high, pushing the token to trade above the $8.3 price point, data from Santiment revealed.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">???????? <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Chainlink</a> has jumped ahead of the <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#altcoin</a> pack Thursday. And prices appear to be powered by heavy whale accumulation, with the highest amount of transactions valued at $1M+ this year. Wallets holding 100K-10M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$LINK</a> are accumulating rapidly as well. <a href="https://t.co/U1vV7JmyNJ" rel="nofollow">https://t.co/U1vV7JmyNJ</a> <a href="https://t.co/gkIm6lhMie" rel="nofollow">pic.twitter.com/gkIm6lhMie</a></p><p>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1684583144891224064?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 27, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">A total of 22 whale transactions, each valued above $1 million, were completed during the period under review. This represented a 340% surge from the five whale transactions of the same amount carried out on the previous day.</span></p><p><span style="font-weight: 400">In addition to a surge in whale transactions, LINK accumulation amongst investors that hold between 100,000 and 10,000,000 LINK tokens also increased. At press time, this cohort of whale investors held 28% of the token’s circulating supply. At the beginning of the month, they only held 26%.</span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Chainlink</a> whales have accumulated around 11 million <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$LINK</a> over the past month, worth roughly $77 million! <a href="https://t.co/ZPbo8Preaj" rel="nofollow">pic.twitter.com/ZPbo8Preaj</a></p><p>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1684465644660727809?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 27, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">Major stakeholders&#8217; sudden interest in LINK could be attributable to Chainlink’s recently launched <a href="https://blog.chain.link/ccip-mainnet-early-access/" target="_blank" rel="noopener nofollow">Cross-Chain Interoperability Protocol (CCIP)</a>.&amp; &amp; </span></p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets.<a href="https://twitter.com/hashtag/LinkTheWorld?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#LinkTheWorld</a> <a href="https://t.co/SdLVyaapg3" rel="nofollow">pic.twitter.com/SdLVyaapg3</a></p><p>&mdash; Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1680970793331613697?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 17, 2023</a></p></blockquote><p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span style="font-weight: 400">At the product’ release, Chainlink noted that the web3 ecosystem has expanded to include multiple blockchains at the layer-1 and layer-2 scaling levels.&amp; However, these networks currently function independently and encounter challenges when interacting with conventional systems and other blockchains. The CCIP was introduced to address this issue by serving as a bridge, enabling seamless asset transfers and information sharing between different blockchains.</span></p><h3><b>Traders filling up their LINK bags</b></h3><p><span style="font-weight: 400">While LINK traded under $8 at $7.87 at press time, accumulation continued amongst day traders. On a daily chart, momentum indicators remained in uptrends above their respective neutral lines.&amp; </span></p><p><span style="font-weight: 400">For example, LINK’s Relative Strength Index (RSI) rested at 61.15. Likewise, its Money Flow Index (MFI) was spotted at 68.65. These indicators are commonly used to analyze price trends and identify an asset&#8217;s potential overbought or oversold conditions.&amp; </span></p><p><span style="font-weight: 400">Further, above the zero center line at press time, LINK’s Chaikin Money Flow (CMF) indicated the consistent inflow of liquidity into the market. Typically, A CMF value above the zero line is a sign of strength in the market, as buying pressure exceeds selling pressure.</span></p><p><figure id="attachment_583345" aria-describedby="caption-attachment-583345" style="width: 2780px" class="wp-caption alignnone"><img class="size-full wp-image-583345" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58.png" alt="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 17" width="2780" height="1170" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58.png 2780w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-300x126.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-1024x431.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-770x324.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-1536x646.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-2048x862.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-500x210.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-269x113.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-746x314.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.58-1376x579.png 1376w" sizes="(max-width: 2780px) 100vw, 2780px" title="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 23"><figcaption id="caption-attachment-583345" class="wp-caption-text">Source: TradingView</figcaption></figure></p><p><span style="font-weight: 400">With an 11% rally in LINK’s Open Interest since 26 July, traders have opened more trading positions to trade. With a prevailing bullish sentiment in the market, LINK’s funding rates across crypto exchanges were positive, suggesting that more traders have opened long positions.&amp; </span></p><p><figure id="attachment_583344" aria-describedby="caption-attachment-583344" style="width: 2880px" class="wp-caption alignnone"><img class="size-full wp-image-583344" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04.png" alt="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 18" width="2880" height="822" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04.png 2880w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-300x86.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-1024x292.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-770x220.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-1536x438.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-2048x585.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-500x143.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-269x77.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-746x213.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-28-at-12.27.04-1376x393.png 1376w" sizes="(max-width: 2880px) 100vw, 2880px" title="Chainlink [LINK] daily whale transactions count climb to its highest level in the last year 24"><figcaption id="caption-attachment-583344" class="wp-caption-text">Source: Coinglass</figcaption></figure></p>]]></description><link>https://m.coinsnews.com/chainlink-link-daily-whale-transactions-count-climb-to-its-highest-level-in-the-last-year</link><guid>603140</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/nick-fewings-_FP7nTmlyJM-unsplash-770x513.jpg</dc:content ><dc:text>Chainlink [LINK] daily whale transactions count climb to its highest level in the last year</dc:text></item><item><title>Curve Finance Warns Of Potential Arbitrum Pool Exploit</title><description><![CDATA[<img width="770" height="412" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-770x412.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Curve Finance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-770x412.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-300x161.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-1024x548.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-500x268.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-269x144.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-746x399.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit.jpg 1188w" sizes="(max-width: 770px) 100vw, 770px" title="Curve Finance Warns Of Potential Arbitrum Pool Exploit 23"><ul><li>Curve Finance confirmed exploits on four pools including CRV/eth, alETH/eth, msETH/ETH, and pETH/ETH following the weekend&#8217;s multi-million dollar hack.</li><li>The DeFi exchange warned of a potential attack on Arbitrum’s tricrypto pool although developers could not identify a profitable exploit.</li><li>Curve CRV and ETH pools were exploited for over $50 million during the weekend due to issues in the Vyper compiler language.</li><li>One MEV bot operated c0ffeebabe.eth returned 2,879 ETH stolen from the CRV-ETH liquidity pool as white hat and black hate hackers tussled for Ethereum block space.</li></ul><p>DeFi platform Curve Finance <a href="https://twitter.com/CurveFinance/status/1685925429041917952?s=20" data-type="URL" data-id="https://twitter.com/CurveFinance/status/1685925429041917952?s=20" target="_blank" rel="noreferrer noopener nofollow">warned</a> of a potential exploit on Arbitrum’s tricrypto liquidity pool following last weekend&#8217;s multi-billion hack due to issues with the Vyper smart contract language. </p><p>While developers could not identify a profitable exploit on this Arbitrum LP, Curve&#8217;s team advised users to withdraw to avoid possible losses. </p><p>The decentralized exchange also confirmed successful attacks on four LP denominated in Ether pairs &#8211; CRV/ETH, alETH/ETH, msETH/ETH, and pETH/ETH. </p><h2>$52 Million Hack On Curve Finance Pools</h2><p>Curve <a href="https://en.ethereumworldnews.com/curve-finance-exploits-46-million-crv-18/" data-type="URL" data-id="https://en.ethereumworldnews.com/curve-finance-exploits-46-million-crv-18/" target="_blank" rel="noreferrer noopener">suffered</a> exploits on factory pools provided by decentralized finance protocols Alchemix, Metronome, and JPEGd due to a malfunctioning reentrancy vulnerability in Vyper, a compiler programming language. </p><p>According to one Vyper contributor, the hacker exploited an obscure attack vector. &#8220;they dug *deep* in our release history to find an exploitable issue for a large protocol with many millions at stake&#8221; said <a href="https://twitter.com/fubuloubu/status/1685856283448979457?s=20" data-type="URL" data-id="https://twitter.com/fubuloubu/status/1685856283448979457?s=20" target="_blank" rel="noreferrer noopener nofollow">@fubuloubu</a> on Twitter. </p><blockquote class="wp-block-quote"><p>I think it&#8217;s on the order of weeks to months to find. The execution was fairly coordinated, perhaps by a small group or team. We might find more information soon, but I think it&#8217;s reasonable to suspect that state-sponsored hackers could be involved, due to the resources invested</p></blockquote><p>Over the weekend, exploiters and ethical hackers battled for Ethereum block space as Curve Finance experience outflows in the millions. One attacker lost their loot to an MEV bot operator seeking to safeguard Curve funds amid the incident. </p><p>The MEV bot operator identified by their ENS tag &#8220;c0ffeebabe.eth&#8221; returned 2,879 ETH worth $5.4 million to Curve&#8217;s deployer contract, per security outpost PeckShield. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#PeckShieldAlert</a> c0ffeebabe.eth has returned 2,879 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ETH</a> (~$5.4m) to <a href="https://twitter.com/hashtag/Curve?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Curve</a> deployer <a href="https://t.co/33BJLaq12A" rel="nofollow">https://t.co/33BJLaq12A</a> <a href="https://t.co/2Jq0JOsrhV" rel="nofollow">pic.twitter.com/2Jq0JOsrhV</a></p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1685804409610203136?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 31, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/curve-finance-warns-of-potential-arbitrum-pool-exploit</link><guid>603079</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Curve-Finance-Warns-Of-Potential-Arbitrum-Pool-Exploit-770x412.jpg</dc:content ><dc:text>Curve Finance Warns Of Potential Arbitrum Pool Exploit</dc:text></item><item><title>Binance The Becomes First Exchange To Secure Operational MVP License In Dubai</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance The Becomes First Exchange To Secure Operational MVP License In Dubai 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Binance The Becomes First Exchange To Secure Operational MVP License In Dubai 25"><ul><li>Dubai’s virtual assets regulator has granted an operational MVP license to Binance.&amp; </li><li>The crypto exchange can now offer crypto exchange and broker-dealer services to institutional and qualified retail investors.&amp; </li><li>The crypto giant expects the UAE to emerge as a standard setter for the global crypto industry.&amp; </li></ul><p>Binance FZE, the Dubai-based subsidiary of the world’s largest crypto exchange, has received an operational MVP license from Dubai’s Virtual Assets Regulatory Authority (VARA). The operational minimum viable product (MVP) license will allow the crypto exchange to offer crypto services, including exchange and broker-dealer services in Dubai.&amp; </p><h2><strong>Binance: UAE To Emerge As Global Standard Setter In Crypto</strong></h2><p>Binance FZE has become the world’s first crypto exchange to receive an operational MVP license from Dubai’s virtual assets regulator. The license from VARA will enable the crypto giant to operate two licensed activities in Dubai, crypto exchange services and crypto broker-dealer services, the crypto exchange said in a <a href="https://www.binance.com/en/blog/ecosystem/binance-is-the-first-virtual-asset-exchange-to-receive-an-operational-mvp-license-in-dubai-7342057061995039467" rel="nofollow noopener">blog post</a>. </p><p>The crypto giant’s Dubai-based subsidiary can now offer exchange and broker-dealer services to institutional and qualified retail investors in the region. The authorized services for qualified investors also include the conversion of virtual assets to fiat as per standards laid out by VARA.&amp; </p><blockquote class="wp-block-quote"><p>With this operational MVP license, all users onboarded through this platform can expect access to a trusted and regulated service that prioritizes security alongside compliance with highly specialized, tier-one virtual asset regulations under VARA.” </p><cite>Alexander Chehade, Binance Dubai’s General Manager</cite></blockquote><p>Binance described the latest development as indicative of its commitment to regulatory compliance in collaboration with local regulators. Richard Teng, the exchange’s Head of Regional Markets, indicated that the exchange’s operations in Dubai would set the stage for global expansion. The exchange added that the UAE&#8217;s vision for the crypto space would set precedents for the global industry. </p><p>The operational minimum viable product (MVP) license for Binance comes more than a year after the crypto exchange was granted a provisional MVP license in March 2022, which was followed by a preparatory MVP license in September. The latest development was positive for the exchange’s global regulatory compliance front after it <a href="https://en.ethereumworldnews.com/germany-binance-license-withdraw-czhao/">withdrew</a> a license application from Germany last week. </p>]]></description><link>https://m.coinsnews.com/binance-the-becomes-first-exchange-to-secure-operational-mvp-license-in-dubai</link><guid>603080</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0328c620-02c6-4526-a987-384cc317b555-770x433.jpg</dc:content ><dc:text>Binance The Becomes First Exchange To Secure Operational MVP License In Dubai</dc:text></item><item><title>SEC Asked Coinbase To Halt All Crypto Trading Barring BTC</title><description><![CDATA[<img width="770" height="440" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-770x440.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Asked Coinbase To Halt All Crypto Trading Barring BTC 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-770x440.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-300x171.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-1024x585.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-500x285.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-269x154.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-746x426.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Asked Coinbase To Halt All Crypto Trading Barring BTC 22"><ul><li>The SEC reportedly asked Coinbase to halt trading in all cryptocurrencies except for Bitcoin.&amp; </li><li>The regulator’s recommendation came before it sued the crypto exchange last month.&amp; </li><li>CEO Brian Armstrong revealed that he declined the SEC’s directive in the interest of the country’s crypto industry.</li><li>The SEC stated that its enforcement team never made any formal requests to companies to delist crypto tokens.&amp; </li></ul><p>The U.S. Securities and Exchange Commission (SEC) reportedly asked the country’s largest crypto exchange to delist every cryptocurrency other than Bitcoin from its trading platform. The securities regulator’s recommendation for <a href="https://en.ethereumworldnews.com/base-trading-volume-200-million-degens/">Coinbase</a> came before it decided to sue the crypto exchange last month. </p><h2><strong>SEC: Never Asked Coinbase To Delist Tokens</strong></h2><p>According to Coinbase founder and CEO Brian Armstrong, the SEC recommended the crypto exchange to delist more than 200 crypto tokens from its trading platform. Armstrong told the <a href="https://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d" rel="nofollow noopener">Financial Times</a> that the securities regulator’s directive came before it decided to sue the publicly traded exchange for operating as an unregistered securities exchange, broker, and clearing agency. </p><p>As per Armstrong, the SEC was of the opinion that every crypto asset other than Bitcoin was a security. The regulator reportedly refused to provide legal clarification for its stance on the crypto tokens offered on the trading platform and asked the exchange to delist every token other than the flagship cryptocurrency.&amp; </p><blockquote class="wp-block-quote"><p>If Coinbase had agreed, that could have set a precedent that would have left the vast majority of the American crypto businesses operating outside the law unless they registered with the commission.”</p></blockquote><p>Brian Armstrong stated that complying with the SEC’s recommendation to delist every cryptocurrency from the exchange was not an option for his company. In the interest of the crypto industry in the United States, he chose the path of litigation to find legal recourse.&amp; </p><p>Responding to the claims made by Coinbase’s CEO, the SEC clarified that its enforcement division did not make any formal requests for crypto companies to delist crypto assets from their platforms. “In the course of an investigation, the staff may share its own view as to what conduct may raise questions for the commission under the securities laws,” the regulator added.&amp; </p>]]></description><link>https://m.coinsnews.com/sec-asked-coinbase-to-halt-all-crypto-trading-barring-btc</link><guid>603041</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Coinbase-rechtszaak-SEC-770x440.jpg</dc:content ><dc:text>SEC Asked Coinbase To Halt All Crypto Trading Barring BTC</dc:text></item><item><title>Trading Volume of Coinbase’s Base Tops $200 Million Thanks To Memecoin Degens</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Trading Volume of Coinbase’s Base Tops $200 Million Thanks To Memecoin Degens 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-1536x768.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-2048x1024.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-1476x738.png 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-1376x688.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Trading Volume of Coinbase’s Base Tops $200 Million Thanks To Memecoin Degens 24"><ul><li>Coinbase’s Layer 2 blockchain Base’s trading volume has exceeded $200 million.&amp; </li><li>The layer 2 blockchain has recorded more than half a million transactions over the past 24 hours.&amp; </li><li>The sudden surge in network activity can be attributed to new tokens like OPTISM, BASED, and meme tokens like BALD.</li><li>Crypto degens have made more than 1000x returns by bridging to Base and blindly buying new tokens.&amp; </li></ul><p>Base, the layer-2 blockchain developed by <a href="https://en.ethereumworldnews.com/coinbase-vip-access-gets-283-applicants/">Coinbase</a>, reached a major milestone earlier today following a significant rise in activity and trading volume. The sudden uptick in network activity was attributed to the emergence of several new tokens and crypto degens aping them, meaning investing in a new token without proper knowledge and research.&amp; </p><h2><strong>Base Records Over Half A Million Transactions In 24 Hours</strong></h2><p>Base has become one of the most talked about topics on crypto Twitter after whale watchers and on-chain analysts highlighted several degen traders who make over a thousandfold profit by bridging to the layer 2 blockchain over the past 24 hours.&amp; </p><p>Although the bridge launch is scheduled for August 9, 2023, opportunistic crypto traders bridged to the network and started buying newly launched tokens like BALD, OPTISM, COIN, and BASED through a decentralized exchange called LeetSwap. LeetSwap witnessed a trading volume of $233 million over the past 24 hours. RocketSwap, another DEX used by the degen traders to ape meme tokens on Base, saw a trading volume of $4.5 million.&amp; </p><p>Data from <a href="https://dexscreener.com/base" rel="nofollow noopener">DEX Screener</a> showed that Base recorded more than 536,000 transactions over the past 24 hours, thanks to the degen traders trading meme tokens. The traders were able to bridge using a portal poxy contract released by the layer 2 blockchain. As per <a href="https://dune.com/tk-research/base" rel="nofollow noopener">Dune Analytics</a>, users have sent more than 33,000 ETH ($61.9 million) to Base.&amp; </p><p>The sudden uptick in network activity led to some users facing issues with swapping leading tokens like BALD, leading to rumors of foul play. However, LeetSwap <a href="https://twitter.com/LeetSwap/status/1685711024962289664" rel="nofollow noopener">assured</a> its users that no project was being rugged and that the issues stemmed from a lot of users using the same congested RPC node.</p><p>&amp; </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Half a milly in o my 6hs with less than 500usd…<br><br>Damn, I love crypto.<a href="https://twitter.com/search?q=%24BALD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BALD</a> <a href="https://twitter.com/search?q=%24BASE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BASE</a> <a href="https://t.co/y3bAAjS4fv" rel="nofollow">https://t.co/y3bAAjS4fv</a></p>&mdash; cheatcoiner.eth (@cheatcoiner) <a href="https://twitter.com/cheatcoiner/status/1685488167409848322?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>A user who goes by cheatcoiner on Twitter emerged as one of the most profitable traders amid the sudden popularity of memecoins on Base. The trader invested $500 into the BALD token, when it had a market capitalization of under $50,000, and watched his investment grow to a whopping $500,000 in less than 24 hours.&amp; </p>]]></description><link>https://m.coinsnews.com/trading-volume-of-coinbases-base-tops-200-million-thanks-to-memecoin-degens</link><guid>603014</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Base_Blog_header-770x385.png</dc:content ><dc:text>Trading Volume of Coinbase’s Base Tops $200 Million Thanks To Memecoin Degens</dc:text></item><item><title>CRV Tanks 19% After Curve Finance Loses $46 Million In Exploits</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-770x428.png" class="webfeedsFeaturedVisual wp-post-image" alt="CRV Tanks 19% After Curve Finance Loses $46 Million In Exploits 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-770x428.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-300x167.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-500x278.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-269x149.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-746x414.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector.png 900w" sizes="(max-width: 770px) 100vw, 770px" title="CRV Tanks 19% After Curve Finance Loses $46 Million In Exploits 24"><ul><li>Multiple stable pools on Curve Finance have been exploited for over $26 million in wETH and CRV.</li><li>The affected stable pools were using Vyper which had a malfunctioning reentrancy lock.&amp; </li><li>The exploit was followed by a second attack on the crv/eth pool, which led to an outflow of another $14 million.&amp; </li><li>Native token CRV lost more than 19% of its value, reaching a four-week low of $0.61.&amp; </li></ul><p>Leading DeFi protocol Curve Finance became the target of multiple exploits earlier today where attackers hit three stable pools resulting in an outflow of more than $40 million. The initial attack targeted the factory pools of Alchemix, Metronome, and JPEGd, all of which suffered from a security flaw called a reentrancy vulnerability.&amp; </p><h2><strong>Whitehat Operation Cut Short By Second Curve Finance Exploit </strong></h2><p>According to data compiled by blockchain security firm <a href="https://twitter.com/AnciliaInc/status/1685720461693325312" rel="nofollow noopener">Ancilia</a>, the affected stable pools, namely alETH, msETH, and pETH, all utilized a Pythonic Smart Contract Language called Vyper. Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper were reportedly vulnerable to malfunctioning reentrancy locks, which allowed the hacker to repeatedly withdraw funds from the smart contract.</p><p>The attacker managed to exploit Alchemix to the tune of $13.6 million, while NFT lending protocol JPEGd lost $11.4 million. $1.6 million were drained from Metronome DAO’s sETH-ETH-f pool. The tokens associated with all three projects witnessed a significant downtrend following the exploits.&amp; </p><p>A white rescue operation was announced soon after reports of the exploits started taking over the crypto community on Twitter. Curve Finance <a href="https://twitter.com/CurveFinance/status/1685696639325933568" rel="nofollow noopener">assured</a> the community that crvUSD contracts and associated pools were not affected by the attacks. The DeFi protocol further directed all affected parties to coordinate with the white hat efforts. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">crv/eth pool drained minutes before a whitehack operation :(<a href="https://t.co/rhALBzkTEi" rel="nofollow">https://t.co/rhALBzkTEi</a></p>&mdash; banteg (@bantg) <a href="https://twitter.com/bantg/status/1685734521981857792?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>However before the white hat operation could ensure the safety of the funds, another attack was mounted on the crv/eth pool. Data from <a href="https://etherscan.io/address/0xb1c33b391c2569b737ec387e731e88589e8ec148#tokentxns" rel="nofollow noopener">Etherscan</a> showed that the attacker drained 7 million Curve DAO Tokens (CRV) and $14 million worth of wrapped Ether (wETH) in the exploit. The wallet used in this exploit was reportedly funded from <a href="https://en.ethereumworldnews.com/germany-binance-license-withdraw-czhao/">Binance</a>. The latest exploit brought the total loss to over $46 million. </p><p>The barrage of exploits had a significant impact on the tokens of the affected projects. CRV lost more than 19% of its value, reaching a four-week low of $0.61. At the time of writing, the token was trading at $0.63.</p>]]></description><link>https://m.coinsnews.com/crv-tanks-19-after-curve-finance-loses-46-million-in-exploits</link><guid>602953</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/6399cbf3da32ea35e341efdc_curve-fi-logo-vector-770x428.png</dc:content ><dc:text>CRV Tanks 19% After Curve Finance Loses $46 Million In Exploits</dc:text></item><item><title>Su Zhu’s OPNX Unveils Justice Tokens Aimed At Terra Whistleblower</title><description><![CDATA[<img width="318" height="159" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-6.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Su Zhu’s OPNX Unveils Justice Tokens Aimed At Terra Whistleblower 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-6.jpg 318w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-6-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-6-269x135.jpg 269w" sizes="(max-width: 318px) 100vw, 318px" title="Su Zhu’s OPNX Unveils Justice Tokens Aimed At Terra Whistleblower 21"><ul><li>Open Exchange (OPNX) has announced the launch of FatManTerra Justice Tokens aimed at the namesake Terra whistleblower.&amp; </li><li>Justice Tokens are ERC-20 tokens that will be used to compensate those harmed by defamation in the crypto space.&amp; </li><li>Open Exchange plans to distribute the Justice Tokens to holders of RLB, LUNA, LUNC, and its native token OX.&amp; </li></ul><p>Open Exchange, the derivatives and bankruptcy claim trading platform launched by Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies, has unveiled a new variety of cryptocurrencies called Justice Tokens. According to OPNX, these tokens will be used to compensate members of the crypto community that are affected by defamation. </p><p>The first edition of these Justice Tokens will reportedly be used to compensate those affected by the alleged defamation from FatManTerra, a crypto influencer who emerged as the largest whistleblower for Terraform Labs after its dramatic collapse in May last year.&amp; </p><h2><strong>OPNX’s OX Rallies 22% To All-Time High </strong></h2><p>Open Exchange took to Twitter earlier today to announce that it would be launching the Justice Tokens later this week. The Justice Token <a href="https://ox.opnx.com/justice_tokens.pdf" rel="nofollow noopener">whitepaper</a> described them as independent meme tokens with no intrinsic value or backing. According to the whitepaper, one shouldn’t expect any returns from Justice Tokens. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ Given the commencement of legal proceedings against FatManTerra by several parties, the FatManTerra Justice Token will launch this week.<br><br>It will be distributed equally between <a href="https://twitter.com/search?q=%24RLB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$RLB</a>, <a href="https://twitter.com/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$LUNA</a>, <a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$LUNC</a> and <a href="https://twitter.com/search?q=%24OX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$OX</a> holders— 4 communities harmed by his long-term malicious disinformation.</p>&mdash; OPNX ???? (@OPNX_Official) <a href="https://twitter.com/OPNX_Official/status/1685461249859956736?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The primary function of OPNX’s Justice Tokens (JT) is to return the cost of harm to victims of defamation. One variant of JT will exist for each specific defamation case and will compensate the community affected by the said case. The Justice Token for every defamation case would have a maximum supply of 1 billion tokens.&amp; </p><p>As per the tokenomics shared by <a href="https://en.ethereumworldnews.com/open-exchange-ox-up-10-metaverse-deal-ufc/">Open Exchange</a>, 75% of the supply would be distributed to users who stake its native token OX. This distribution would take place over a period of six months. 20% of the Justice Token supply would go to liquidity providers. The remaining 5% would be gifted directly to the Milady community. OPNX stated that the JTs would serve as compensation for the defamation faced by the community in 2022. </p><p>The FatManTerra Justice Token will be distributed equally between holders of LUNA, LUNC, OX, and RLB. OPNX stated that these four communities were harmed by a long-term malicious misinformation campaign mounted by FatManTerra. Following the announcement, <a href="https://coinmarketcap.com/currencies/open-exchange-token/" rel="nofollow noopener">OX</a> gained as much as 22%, reaching an all-time high of $0.049. At the time of writing, the token was trading at $0.045. </p>]]></description><link>https://m.coinsnews.com/su-zhus-opnx-unveils-justice-tokens-aimed-at-terra-whistleblower</link><guid>602820</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-6.jpg</dc:content ><dc:text>Su Zhu’s OPNX Unveils Justice Tokens Aimed At Terra Whistleblower</dc:text></item><item><title>U.S. Lawmakers Question Apple About App Store’s Restrictive Crypto Policies</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-8.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. Lawmakers Question Apple About App Store’s Restrictive Crypto Policies 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-8.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-8-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="U.S. Lawmakers Question Apple About App Store’s Restrictive Crypto Policies 23"><ul><li>Two U.S. lawmakers have written to Apple seeking info about App Store’s policy for crypto-related apps.&amp; </li><li>The lawmakers wrote to CEO Tim Cook expressing concerns about the restriction of emerging tech like blockchains and NFTs.&amp; </li><li>Representatives Gus Bilirakis and Jan Schakowsky want to determine App Store’s impact on American technological leadership.&amp; </li></ul><p>Tech giant Apple is facing a bipartisan inquiry regarding the App Store’s policies and guidelines regarding applications related to NFTs and the broader crypto space. Republican Congressman Gus Bilirakis and Democratic Congresswoman Jan Schakowsky penned a letter to CEO Tim Cook, seeking information about App Store’s restrictive crypto policy.</p><h2><strong>Apple’s Policies May Impact U.S Technological Leadership</strong></h2><p>In the <a href="https://bilirakis.house.gov/sites/evo-subsites/bilirakis.house.gov/files/evo-media-document/23.07.28-apple-app-store-blockchain-letter_0.pdf" rel="nofollow noopener">letter</a> to Apple CEO Tim Cook, Representative Gus Bilirakis and Jan Schakowsky who also serve as Chairman and Ranking Member of the Innovation, Data, and Commerce Subcommittee, questioned App Store’s guidelines, which according to them were potentially being used by the tech giant to restrict emerging technologies like blockchains.&amp; </p><p>The lawmakers asked Cook to share documents pertaining to Apple’s policies for its iOS App Store, which they believe could be damaging the United States’ superiority in emerging technologies. They noted that the company’s support of blockchains, NFTs, and other distributed ledger technologies could benefit the country’s tech industry.&amp; </p><p>The letter to Tim Cook included a list of questions for Apple, including inquiries about the company’s plans to develop apps using blockchain. The lawmakers also raised concerns about the tech firm’s attempt to use App Store policies to increase its revenue at the expense of crypto-related applications.</p><blockquote class="wp-block-quote"><p>It is essential that Congress fully understand the App Store Guidelines and the extent these guidelines limit innovation and American technology leadership.” </p><cite>Chairman Bilirakis and Ranking Member Schakowsky</cite></blockquote><p>The lawmakers gave Apple till August 14 to respond to their inquiry regarding App Store’s crypto policies. <a href="https://en.ethereumworldnews.com/coinbase-vip-access-gets-283-applicants/">Coinbase’s</a> Chief Legal Officer Paul Grewal recently took to Twitter to praise the bipartisan initiative by Bilirakis and Schakowsky. Kristin Smith, the Chief Executive of the crypto advocacy group Blockchain Association, also welcomed the lawmaker’s inquiry into App Store’s restrictive policies.&amp; </p>]]></description><link>https://m.coinsnews.com/us-lawmakers-question-apple-about-app-stores-restrictive-crypto-policies</link><guid>602581</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-8.jpg</dc:content ><dc:text>U.S. Lawmakers Question Apple About App Store’s Restrictive Crypto Policies</dc:text></item><item><title>Worldcoin Publishes Audit Reports Amid Scrutiny From French Privacy Regulator</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Worldcoin Publishes Audit Reports Amid Scrutiny From French Privacy Regulator 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d.jpg 1098w" sizes="(max-width: 770px) 100vw, 770px" title="Worldcoin Publishes Audit Reports Amid Scrutiny From French Privacy Regulator 23"><ul><li>Worldcoin has published two security audit reports that cover areas like key encryption, vulnerabilities, and data privacy.&amp; </li><li>The three-month-long security audits were performed by audit firms Nethermind and Least Authority.&amp; </li><li>The audits revealed 29 issues, which were subsequently resolved by the blockchain protocol.&amp; </li><li>The audit reports were published just hours after France’s privacy watchdog launched a probe into Worldcoin.&amp; </li></ul><p>Worldcoin, the ambitious crypto project recently launched by ChatGPT founder <a href="https://en.ethereumworldnews.com/sam-altmans-worldcoin-wld-up-70/">Sam Altman</a>, has published security audit reports amid mounting concerns regarding its privacy and safety. The audit reports came just hours after France’s top privacy watchdog stated that it was investigating the blockchain protocol. </p><h2><strong>Auditors Find 29 Security Issues In Worldcoin</strong></h2><p>According to a <a href="https://worldcoin.org/blog/worldcoin/worldcoin-protocol-security-audit-reports" rel="nofollow noopener">blog post</a> by Worldcoin, two separate audit firms were tapped to carry out separate suits that lasted three months. During the audit, audit firms Nethermind and Least Authority focused on several key areas, including the correctness of the implementation, appropriate use of smart contract constructs, adversarial actions, exposure of critical information during user interaction, etc. </p><p>The audit firms also scanned the blockchain protocol for case-specific implementation errors, resistance to attacks like DDoS, vulnerabilities in the codebase, etc. From a privacy and security point of view, the audit also covered areas like secure key storage, proper management of encryption and signing keys, data privacy, information integrity, etc.&amp; </p><p>Nethermind’s audit focused on Worldcoin’s smart contracts, including the World ID contracts, World ID example airdrops, the WLD ERC-20 token contract, and the associated vesting wallet, etc. The firm found 26 issues during the assessment, 2 of which were critical and 2 were medium issues. The protocol has resolved 24 issues and mitigated one so far.&amp; </p><p>Least Authority’s audit took a closer look at Worldcoin’s use of cryptography, particularly the cryptographic design and implementation. The audit firm identified three issues, all of which were solved. According to Least Authority, the cryptographic component was generally well-designed and implemented.&amp; </p><p>Worldcoin’s audit reports came amid mounting concerns regarding the protocol’s privacy and safety. <a href="https://www.reuters.com/technology/frances-privacy-watchdog-says-worldcoin-legality-seems-questionable-2023-07-28/" rel="nofollow noopener">Reuters</a> reported earlier today that France’s privacy watchdog CNIL launched an investigation into the blockchain protocol’s operations, particularly the collection of biometric data. Questioning the legality of extracting and storing the public’s biometric data, the CNIL joined hands with the Bavarian state authority in Germany to conduct the investigation. </p>]]></description><link>https://m.coinsnews.com/worldcoin-publishes-audit-reports-amid-scrutiny-from-french-privacy-regulator</link><guid>602559</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5c38a4cd-96d8-4bc3-b9a2-052efc6a9581_6a9bf06d-770x513.jpg</dc:content ><dc:text>Worldcoin Publishes Audit Reports Amid Scrutiny From French Privacy Regulator</dc:text></item><item><title>German Regulator Advised Binance To Withdraw License Application Due To CZ</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="German Regulator Advised Binance To Withdraw License Application Due To CZ 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-1536x1024.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-2048x1365.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-1376x917.jpeg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="German Regulator Advised Binance To Withdraw License Application Due To CZ 18"><ul><li>Binance withdrew its German crypto license application after being advised by the country’s financial regulator.&amp; </li><li>Germany’s BaFin reportedly expressed concerns over founder and CEO Changpeng Zhao.&amp; </li><li>The German regulator stated that the exchange had a complicated structure and questioned CZ’s ability to run it.&amp; </li></ul><p>BaFin, Germany’s top financial regulator, reportedly advised Binance to withdraw its crypto license application prior to the crypto exchange’s announcement about pausing its German expansion, which came earlier this week. The regulator’s advice stemmed from concerns over the exchange’s founder and Chief Executive, Changpeng Zhao, along with other regulatory concerns.&amp; </p><h2><strong>BaFin Questioned Zhao’s Ability To Run Binance</strong></h2><p>When Binance <a href="https://en.ethereumworldnews.com/binance-cancels-german-crypto-license/">stated</a> on July 26 that it was withdrawing its application for a crypto custody license from German regulators, it cited the changing regulatory landscape and the global market situation for its decision to pause its expansion amid regulatory scrutiny. </p><p>However, the <a href="https://www.wsj.com/articles/binances-founder-drew-scrutiny-from-german-regulator-2e890a31" rel="noopener">Wall Street Journal</a> reported today that Germany’s Federal Financial Supervisory Authority (BaFin) advised the crypto exchange to withdraw the application, citing concerns over the firm’s structure and its founder Changpeng Zhao. </p><p>BaFin was of the opinion that Changpeng Zhao wouldn’t pass a “fit and proper” test, people familiar with the matter told WSJ. The test is reportedly used to assess an individual’s reputation and professional ability to run a business it supervises. An internal Binance document viewed by WSJ further revealed that the German regulator also expressed concerns over the crypto exchange’s complicated structure.&amp; </p><p>The internal document, which detailed key elements of Binance’s global expansion campaign, stated that BaFin had an issue with the exchange’s structure, particularly its potential to hinder regulatory supervision. In light of the concerns, the regulator advised the crypto exchange to withdraw its crypto license application.&amp; </p><p>A spokesperson for Binance previously told WSJ that the decision to withdraw the crypto license application was motivated by multiple factors, including efforts to secure a new European Union crypto license. The spokesperson added that the exchange intended to reapply for a German license in the future, after making appropriate changes to the application.&amp; </p>]]></description><link>https://m.coinsnews.com/german-regulator-advised-binance-to-withdraw-license-application-due-to-cz</link><guid>602531</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/adobestock-emre-akkoyun-1-770x513.jpeg</dc:content ><dc:text>German Regulator Advised Binance To Withdraw License Application Due To CZ</dc:text></item><item><title>Crypto.com Issued Dutch Crypto License After Binance Exit</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto.com" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto.com Issued Dutch Crypto License After Binance Exit 20"><ul><li>Crypto.com said the company was approved as a crypto service provider in the Netherlands after a thorough review of its business.</li><li>The Dutch National Bank approved Kris Marszalek&#8217;s crypto exchange shortly after showing the door to leading trading venue Binance.</li><li>Marszalek&#8217;s company has now successfully registered with regulators in the United Kingdom, France, and the United Arab Emirates as part of its global expansion roadmap.</li></ul><p>Crypto.com successfully <a href="https://crypto.com/company-news/crypto-com-secures-registration-approval-in-the-netherlands" target="_blank" data-type="URL" data-id="https://crypto.com/company-news/crypto-com-secures-registration-approval-in-the-netherlands" rel="noreferrer noopener nofollow">registered</a> in the Netherlands as a crypto service provider regulated by the De Nederlandsche Bank (DNB) as the company moves to expand its footprints around the globe. </p><p>The company was approved by the Dutch regulator after a thorough review of its compliance with local anti-money laundering rules and other financial policies. “Collaborating with regulators to responsibly advance the crypto and blockchain industry is of paramount importance to Crypto.com,” CEO Kris Marszalek said hailing the approval as a major win for his company. </p><blockquote class="wp-block-quote"><p>This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance. We look forward to continuing to work with DNB and other regulators around the world</p></blockquote><p>In addition to approval in the Netherlands, Crypto.com has also successfully registered for digital asset services in France, Australia, Spain, and Italy. The crypto exchange also boasts licenses in South Korea, Singapore, and Dubai. </p><h2>Binance Out, Crypto.com In</h2><p>Crypto.com beat Binance to the punch, securing a crypto license from the DNB while Changpeng Zhao&#8217;s company was denied approval. </p><p>After failing to register with the regulator, Binance <a href="https://en.ethereumworldnews.com/binance-refers-coinmerce-netherlands/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-refers-coinmerce-netherlands/" rel="noreferrer noopener">announced</a> its exit from the Dutch market amid a retrenchment from other European markets like Australia, Belgium, Cyprus, and the United Kingdom. </p><p>Both developments come at a time when the European Union has officially signed its landmark crypto bill into law ahead of its implementation in 2024. The <a href="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" rel="noreferrer noopener">Markets in Crypto-Assets</a> (MiCA) Act requires that crypto operators and wallet providers submit comprehensive financial reports and undergo more rigorous checks. </p><p>MiCA also mandates that stablecoin issuers operate with sufficient reserves to meet demands. </p>]]></description><link>https://m.coinsnews.com/cryptocom-issued-dutch-crypto-license-after-binance-exit</link><guid>602439</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto.com-Issued-Dutch-Crypto-License-After-Binance-Exit-770x513.jpg</dc:content ><dc:text>Crypto.com Issued Dutch Crypto License After Binance Exit</dc:text></item><item><title>Polygon And Web3 Firm Suku Launch NFT Collection Minted On Twitter</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Polygon And Web3 Firm Suku Launch NFT Collection Minted On Twitter 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA.jpg 1400w" sizes="(max-width: 770px) 100vw, 770px" title="Polygon And Web3 Firm Suku Launch NFT Collection Minted On Twitter 18"><ul><li>Polygon partnered with web3 wallet Suku to launch an open edition NFT collection minted on Twitter.&amp; </li><li>The crypto community on Twitter minted more than 50,000 NFTs within 48 hours.&amp; </li><li>Suku leveraged Twitter for its user-centric approach to onboard newcomers into crypto.&amp; </li></ul><p>Polygon, the popular Ethereum layer 2 scaling solution, recently partnered with Web3 payment services firm Suku to launch an unprecedented open edition <a href="https://en.ethereumworldnews.com/google-play-supports-nfts-in-apps-games/">NFT</a> collection that was entirely minted on Twitter. Users on Twitter minted more than 50,000 NFTs during the 48-hour mint window by making a tweet tagging Polygon and Suku. </p><h2><strong>Suku Leveraged Polygon And Twitter To Simply Crypto Onboarding</strong></h2><p>The free NFT collection from Suku was announced to celebrate the launch of Polygon 2.0. The NFT campaign led to Suku getting more than 48,000 wallet downloads, the web3 payments firm stated in a <a href="https://www.prweb.com/releases/polygon_and_suku_launch_the_first_ever_open_edition_nft_collection_minted_entirely_via_twitter/prweb19460480.htm" rel="nofollow noopener">press release</a>. Suku and Polygon received over 88,000 social mentions, 18 million users reached, and over 22 million impressions through the free NFT collection.</p><p>For managing the NFTs minted on Twitter, Suku offered NFT holders its web3 wallet, which can be accessed with their Twitter account. According to Suku, by eliminating the complex onboarding process associated with NFTs and the broader crypto space, it promoted blockchain inclusivity.&amp; </p><blockquote class="wp-block-quote"><p>By integrating its tools with popular platforms like Twitter, where users already spend their time, Suku is pioneering a user-centric approach to blockchain technology.”</p><cite>Suku team</cite></blockquote><p>Suku’s social web3 wallet also allows users to send and receive crypto instantly. Users who haven’t signed up for the wallet can access it by using their Twitter handle as a wallet address, essentially making it the crypto transfer service on Twitter.&amp; </p><p>Suku stated that utilizing a fast and scalable blockchain like Polygon was a key element of its plan to foster crypto adoption and attract new users to the blockchain space, in addition to other incentives such as zero gas fees on minting NFTs and access to a web3 wallet that wouldn’t require seed phrases or private keys. The firm plans to expand to other social media platforms, including Face, Reddit, Instagram, and LinkedIn.</p>]]></description><link>https://m.coinsnews.com/polygon-and-web3-firm-suku-launch-nft-collection-minted-on-twitter</link><guid>602287</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1_IzI2dud1ObPe9_6zj5WYZA-770x433.jpg</dc:content ><dc:text>Polygon And Web3 Firm Suku Launch NFT Collection Minted On Twitter</dc:text></item><item><title>MakerDAO Community Supports Proposal To Increase DAI Interest Rate Up To 8%</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images.png" class="webfeedsFeaturedVisual wp-post-image" alt="MakerDAO Community Supports Proposal To Increase DAI Interest Rate Up To 8% 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images.png 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-300x158.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-269x141.png 269w" sizes="(max-width: 310px) 100vw, 310px" title="MakerDAO Community Supports Proposal To Increase DAI Interest Rate Up To 8% 20"><ul><li>MakerDAO is set to introduce the Enhanced DAI Savings Rate (EDSR) to raise the interest rate for DAI holders to up to 8%. </li><li>The community behind the DeFi lending protocol voted overwhelmingly in favor of the EDSR. </li><li>The proposal was introduced to stabilize DAI’s supply after the stablecoin’s circulation was reduced by a third.</li></ul><p>DeFi lending protocol MakerDAO is considering introducing the Enhanced DAI Savings Rate (EDSR) in a bid to increase the adoption of its DAI stablecoin. Earlier today, the community behind Maker concluded a <a href="https://vote.makerdao.com/polling/QmcTRPLx#vote-breakdown" rel="nofollow noopener">governance vote</a> that would pave the way to provide an interest rate of as much as 8% to DAI holders. </p><h2><strong>MakerDAO Looks To Increase DAI’s Adoption</strong></h2><p>The <a href="https://en.ethereumworldnews.com/makerdao-buys-700-million-us-treasuries/">MakerDAO</a> community voted overwhelmingly in favor of the proposal to enforce the Enhanced DAI Savings Rate, with less than 0.5% votes against it. The vote began on July 24 and concluded earlier today, with over 99.9% of the community in favor of the EDSR. </p><p>According to the proposal posted on MakerDAO’s governance forum by the protocol’s founder Rune Christensen, the EDSR will temporarily raise the DAI savings rate (DSR) available to users when the DSR utilization is low. Once the utilization gets high enough, the one-time EDSR mechanism will disappear.&amp; </p><p>Maker’s current DAI savings rate of 3.19% is among the highest in decentralized finance. However, it has failed to spur the growth in demand and capital inflow that the DeFi lending protocol is looking for. The EDSR would hike the savings rate to as high as 8%, more than double what rival lending protocols like Aave and Compound offer. </p><p>The high-interest rate is expected to incentivize stablecoin users to consider DAI rather than popular rivals like USDT and USDC. The EDSR would allow DAI holders to get a bigger proportion of the protocol’s earnings.  </p><blockquote class="wp-block-quote"><p>I believe we need to decisively focus on the most important short term mission: Grow the demand for Dai and DSR.”</p><cite>Rune Christensen, Founder of MakerDAO</cite></blockquote><p>The governance vote came amid concerns over DAI’s circulation, which declined by a third over the past year. The <a href="https://coinmarketcap.com/currencies/multi-collateral-dai/" rel="nofollow noopener">DAI</a> stablecoin, which boasts a market capitalization of $4.5 billion, has also witnessed a decline of over 80% in its daily trading volume since last year. </p>]]></description><link>https://m.coinsnews.com/makerdao-community-supports-proposal-to-increase-dai-interest-rate-up-to-8</link><guid>602206</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images.png</dc:content ><dc:text>MakerDAO Community Supports Proposal To Increase DAI Interest Rate Up To 8%</dc:text></item><item><title>BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure</title><description><![CDATA[<img width="770" height="569" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-770x569.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 21" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-770x569.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-300x222.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-1024x757.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-1536x1135.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-2048x1513.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-500x369.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-269x199.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-746x551.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-1376x1017.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 23"><ul><li>According to Messari&#8217;s new report, user activity climbed on BNB Chain in the year&#8217;s second quarter.</li><li>Daily active address count went up by 26% as daily transactions also grew.</li><li>However, due to the negative impact of SEC&#8217;s regulator activity against Binance, BNB experienced a decline.</li></ul><p><span style="font-weight: 400;">Within the 90-day period between April and June, leading Layer 1 (L1) blockchain BNB Chain experienced a surge in network activity while its revenue dwindled, Messari found in a new </span><a href="https://messari.io/report/state-of-bnb-chain-q2-2023?referrer=all-research" target="_blank" rel="noopener nofollow"><span style="font-weight: 400;">report.</span></a></p><p><span style="font-weight: 400;">According to the on-chain analytics platform, in Q2, the count of daily average active addresses on the L1 network rallied by 26%. During that period, BNB Chain logged an average of 1.5 million daily active addresses. </span></p><p><figure id="attachment_583309" aria-describedby="caption-attachment-583309" style="width: 1024px" class="wp-caption alignnone"><img class="wp-image-583309 size-large" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-1024x576.webp" alt="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 18" width="1024" height="576" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-1536x864.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1-1376x774.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1d6abbf968cb1473c11b559ec0b96c4ffe6da098-1920x1080-1.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px" title="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 20"><figcaption id="caption-attachment-583309" class="wp-caption-text">Source: Messari</figcaption></figure></p><p><span style="font-weight: 400;">House to more decentralized applications (dApps) than any other L1 blockchain, Q2 was marked by increased new demand for BNB Chain, Messari found. According to the report, the number of average new unique addresses grew significantly by 91.1% during the quarter under review, reaching “all-time highs after a spike in activity in late April.”</span></p><p><span style="font-weight: 400;">The uptick in new demand for BNB Chain in Q2 was due to the decline in network transaction fees. BNB Chain gas fees were reduced drastically after BSC validators</span><a href="https://www.bsc.news/post/bsc-validators-vote-to-slash-gas-fees-by-40-on-bnb-chain-transactions#:~:text=BSC%20validators%20have%20voted%20to,cost%20Ethereum%20layer%2D2%20networks." target="_blank" rel="noopener nofollow"><span style="font-weight: 400;"> voted</span></a><span style="font-weight: 400;"> in favor of a 40% reduction in transaction fees from 5 to 3 Gwei. The average daily transaction fee on the chain fell by 26% in Q2.</span></p><p><span style="font-weight: 400;">As a result of the transaction fee decrease, daily transactions on BNB Chain increased. Daily transactions count on the chain grew by 24% between April and June, Messari found. The growth in transactions count was “largely tied to increased activity from LayerZero.”</span></p><blockquote><p><span style="font-weight: 400;">“After LayerZero announced its $120 million Series B fundraising on April 4, activity spiked on many of its supported networks. By June, BNB Chain was hosting 200,000-250,000 LayerZero and Stargate daily transactions and 50,000-60,000 daily unique addresses from those transactions. In addition to Stargate, activity also stemmed from Radiant Capital, an omnichain money market built on LayerZero that deployed on BNB Chain in Q1,” the report stated.</span></p></blockquote><p><figure id="attachment_583310" aria-describedby="caption-attachment-583310" style="width: 1920px" class="wp-caption alignnone"><img class="wp-image-583310 size-full" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1.webp" alt="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 19" width="1920" height="1080" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1.webp 1920w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-1536x864.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/dad608346c43599e846c95bd4876181f545720e9-1920x1080-1-1376x774.webp 1376w" sizes="(max-width: 1920px) 100vw, 1920px" title="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 21"><figcaption id="caption-attachment-583310" class="wp-caption-text">Source: Messari</figcaption></figure></p><h3><strong>Revenue shortfall and a drop in BNB value</strong></h3><p><span style="font-weight: 400;">Despite the growth in user activity on BNB Chain, the network’s revenue took a beating in Q2. With a quarterly revenue of $52.24 million recorded, a 6.1% decline was recorded QoQ. </span></p><p><figure id="attachment_583311" aria-describedby="caption-attachment-583311" style="width: 1920px" class="wp-caption alignnone"><img class="size-full wp-image-583311" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1.webp" alt="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 20" width="1920" height="1080" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1.webp 1920w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-1536x864.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/d0305cf04cb5b1508980621cab0b06c87fc14f02-1920x1080-1-1376x774.webp 1376w" sizes="(max-width: 1920px) 100vw, 1920px" title="BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 22"><figcaption id="caption-attachment-583311" class="wp-caption-text">Source: Messari</figcaption></figure></p><p><span style="font-weight: 400;">Likewise, the Securities and Exchange Commission (SEC) regulatory activity against Binance put some pressure on the network’s native coin BNB. In June, the regulator filed a complaint against  Binance and its CEO Changpeng Zhao (CZ), alleging that it engaged in the sale and offering of unregistered securities. </span></p><blockquote><p><span style="font-weight: 400;">“The SEC complaint in June coincided with downward pressure on the value of BNB, which declined 25.2%. In contrast, the total crypto market cap increased by 2% QoQ, which was primarily driven by BTC and ETH, rising 7% and 6%, respectively. Alt-L1 tokens tended to decrease more than ETH due to the SEC’s regulatory complaints. BNB concluded the quarter as the fourth largest cryptoasset by market capitalization, reaching $37.5 billion, Messari found.”</span></p></blockquote>]]></description><link>https://m.coinsnews.com/bnb-chain-user-activity-soars-in-q2-despite-sec-regulatory-pressure</link><guid>602152</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/matthew-lancaster-MthZSf_Blzs-unsplash-770x569.jpg</dc:content ><dc:text>BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure</dc:text></item><item><title>EraLend Hacker Ignores 2 PM Deadline To Return Funds</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="EraLend" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1024x684.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1536x1026.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-2048x1368.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-269x180.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1376x919.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="EraLend Hacker Ignores 2 PM Deadline To Return Funds 23"><ul><li>EraLend&#8217;s team said the hacker could keep 10% of the stolen funds as a white hat bounty.</li><li>The deal was valid if the hacker returned 90% of the assets to wallet address 0x9eEE479DCf6075a0cb905c27e8F952910c3bb69D before 2 PM UTC on July 27.</li><li>Etherscan data showed that the address provided by EraLend sits almost empty, meaning that the exploiter did not take up the offer to return funds.</li><li>The zkSync-based lending protocol lost $3.4 million this week due to a read-only reentrancy bug in its smart contract.</li></ul><p>The hacker who stole $3.4 million from DeFi lending protocol EraLend snubbed a 2 PM deadline to return some of the stolen funds and keep a portion of the loot as a white hat bounty. </p><p>On July 26, the EraLend team <a href="https://twitter.com/Era_Lend/status/1684203337388883969?s=20" data-type="URL" data-id="https://twitter.com/Era_Lend/status/1684203337388883969?s=20" target="_blank" rel="noreferrer noopener nofollow">proposed</a> a deal with the unidentified hacker. The terms offered a white hat bounty worth 10% of the stolen funds if the hacker returned 90% of the assets to wallet address <a href="https://etherscan.io/address/0x9eEE479DCf6075a0cb905c27e8F952910c3bb69D" target="_blank" data-type="URL" data-id="https://etherscan.io/address/0x9eEE479DCf6075a0cb905c27e8F952910c3bb69D" rel="noreferrer noopener nofollow">0x9eEE479DCf6075a0cb905c27e8F952910c3bb69D</a>. </p><p>Typically, white hat bounties are offered to hackers or sleuths who discover bugs in smart contract codes. This route is also taken by protocols seeking to recover their stolen assets peacefully. </p><p>The DeFi lender set a deadline of 2 PM UTC today though the deadline has now passed and the hacker did not return the funds as proposed. EraLend promised to tap the broader DeFi community, centralized exchanges (CEXs), and law enforcement should the hacker continue to hold user funds hostage. </p><p>Furthermore, the platform opened its 10% bounty to the public and implored anyone with information on the hacker&#8217;s identity to come forward. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The deal with the exploiter is now concluded.<br><br>We are rallying the entire community, urging you all to stand together with us in facing the criminals who have stolen our funds and violated our rights.<br><br>Anyone who comes forward with information that helps us identify the attacker…</p>&mdash; EraLend | The #1 Money Market on zkSync???? (@Era_Lend) <a href="https://twitter.com/Era_Lend/status/1684564824997654529?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>EraLend Update</h2><p>The DeFi protocol which runs atop Ethereum L2 network zkSync updated users today on three developments. Firstly, the team identified a suspicious CEX account that may be involved in the hack. </p><p>Also, a formal request was sent to a VPN provider that the team believes was used by the attacker to hide their identity. The protocol is also working with security experts for an autopsy on the attack vectors deployed before and after the $3.4 million hack. </p><p>EraLend suffered a read-only reentrancy attack on July 25, allowing the hacker to drain millions in crypto from the platform. The exploiter then moved a chunk of the funds to addresses on Ethereum, Arbitrum, and Optimism per security shop Peckshield. </p><p>Tuesday&#8217;s hack was one of <a href="https://en.ethereumworldnews.com/lazarus-exploits-atomic-wallet-alphapo/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/lazarus-exploits-atomic-wallet-alphapo/" rel="noreferrer noopener">several attacks</a> on DeFi protocol and crypto service providers in recent months. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">???? Update<br><br>Thanks to the dedicated efforts of our partners and security professionals, we&#39;ve made some progress in the past days:<br><br>1/ We&#39;ve pinpointed a suspicious CEX account that appears to be linked to an individual potentially involved in the incident. We are collaborating…</p>&mdash; EraLend | The #1 Money Market on zkSync???? (@Era_Lend) <a href="https://twitter.com/Era_Lend/status/1684546672045727744?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Prior to the attack, the platform boasted $18.5 million in total value locked (TVL). This number nosedived to $3.2 million at press time, <a href="https://defillama.com/protocol/eralend" target="_blank" data-type="URL" data-id="https://defillama.com/protocol/eralend" rel="noreferrer noopener nofollow">DefiLlama</a> data showed.</p><p></p>]]></description><link>https://m.coinsnews.com/eralend-hacker-ignores-2-pm-deadline-to-return-funds</link><guid>602153</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg</dc:content ><dc:text>EraLend Hacker Ignores 2 PM Deadline To Return Funds</dc:text></item><item><title>Sui Foundation Terminates Relationship With MovEx Over Token Lockup Violation</title><description><![CDATA[<img width="770" height="426" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-770x426.png" class="webfeedsFeaturedVisual wp-post-image" alt="Sui Foundation Terminates Relationship With MovEx Over Token Lockup Violation 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-770x426.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-300x166.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-500x277.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-269x149.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-746x413.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Sui Foundation Terminates Relationship With MovEx Over Token Lockup Violation 23"><ul><li>The SUI Foundation has terminated its relationship with the decentralized exchange MovEx.&amp; </li><li>The move came after MovEx violated the lockup schedule for SUI tokens leading to an oversupply in the open market.&amp; </li><li>Sui network’s native token SUI has gained more than 4% over the past 24 hours.&amp; </li></ul><p>Sui Foundation, the organization behind the development of the Sui ecosystem, has terminated its relationship with decentralized exchange MovEx after the latter violated the lockup schedule of the Sui network’s native token SUI. The violation was discovered following an investigation by the foundation that was launched after the crypto community on Twitter accused the Sui team of misrepresenting emissions and dumping locked tokens.&amp; </p><h2><strong>SUI Gains 4% After Dumping DEX MovEx</strong></h2><p>MovEx dumped hundreds of thousands of the 2.5 million SUI tokens that were given to it under a contractual lockup as payment for its contribution to Sui’s native order book Deepbook, the Sui Foundation stated in a <a href="https://twitter.com/SuiNetwork/status/1684456782297718785" rel="nofollow noopener">tweet</a> earlier today. MovEx breached the token lockup contract by sending roughly 625,000 SUI tokens to three unique wallets. </p><p>The Sui Foundation clarified that it had no knowledge of these transfers. While the 625,000 SUI from the initial transfer remained in the original wallet, the entire allotment of 2.5 million SUI was moved to a qualified crypto custodian by July 3.&amp; </p><p>The violation of the token lockup schedule prompted Sui to end its relationship with the decentralized exchange. The foundation stated that no additional tokens would be allotted to the MovEx team, and the lockup schedule of the previously allotted tokens would be enforced by the qualified custodian.&amp; </p><blockquote class="wp-block-quote"><p>At this time, all other tokens subject to contractual lockups are held in qualified custodian accounts that have agreed to enforce the terms of such lockups.” </p><cite>Sui Foundation</cite></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Exclusive new research on SUI:<br><br>Intentionally misrepresented emissions and proof the team themselves are dumping rewards from *locked* and *non-circulating* staked SUI onto Binance. (1/12) <a href="https://t.co/jYRyeTFY56" rel="nofollow">pic.twitter.com/jYRyeTFY56</a></p>&mdash; DeFi^2 (@DefiSquared) <a href="https://twitter.com/DefiSquared/status/1673572324145078273?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The investigation into MovEx’s transactions was launched after Crypto influencer DefiSquared accused the Sui team of misrepresenting token emissions and dumping rewards from locked SUI tokens on crypto exchange <a href="https://en.ethereumworldnews.com/binance-cancels-german-crypto-license/">Binance</a>. </p><p>The Sui network’s native token <a href="https://coinmarketcap.com/currencies/sui/" rel="nofollow noopener">SUI</a> has lost more than 10% of its value over the past week. However, the past 24 hours saw the token gain over 4%. At the time of writing, SUI was trading at $0.644, with a market capitalization of $421 million.</p>]]></description><link>https://m.coinsnews.com/sui-foundation-terminates-relationship-with-movex-over-token-lockup-violation</link><guid>602090</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/image-2476-1024x567-1-770x426.png</dc:content ><dc:text>Sui Foundation Terminates Relationship With MovEx Over Token Lockup Violation</dc:text></item><item><title>DOJ Bins FTX Founder’s Campaign Finance Charges</title><description><![CDATA[<img width="736" height="490" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg 736w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-269x179.jpg 269w" sizes="(max-width: 736px) 100vw, 736px" title="DOJ Bins FTX Founder&#039;s Campaign Finance Charges 23"><ul><li>Federal prosecutors do not intend to press charges against FTX Founder Sam Bankman-Fried for U.S. campaign finance violations.</li><li>The Department of Justice wrote that SBF&#8217;s December extradition agreement with the Bahamas government did not include campaign finance charges.</li><li>Prosecutors also want to review Bankman-Fried&#8217;s $250 million bail relief after the accused leaked Caroline Ellison&#8217;s private diary to the New York Times.</li></ul><p>Federal prosecutors do not plan to press charges against former FTX CEO Sam Bankman-Fried for alleged campaign finance lawbreaking due to a legal bind in extradition papers signed with the Bahamas government. </p><p>Bankman-Fried was extradited from the Bahamas to the United States on December 21 following his earlier arrest in Nassau. At the time, the Department of Justice had <a href="https://en.ethereumworldnews.com/sam-bankman-fried-conspiracy-fraud/" data-type="URL" data-id="https://en.ethereumworldnews.com/sam-bankman-fried-conspiracy-fraud/" target="_blank" rel="noreferrer noopener">indicted</a> SBF on eight charges including violating U.S. campaign finance rules. The charges have increased to <a href="https://en.ethereumworldnews.com/not-guilty-sam-bankman-fried-charges-ftx/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/not-guilty-sam-bankman-fried-charges-ftx/" rel="noreferrer noopener">12 counts</a> since then. </p><p>However, <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.181.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.181.0.pdf" rel="noreferrer noopener nofollow">court documents</a> show that these charges were omitted from the extradition papers issued by Bahamian authorities. The DOJ intends to drop this charge from its prosecution of Bankman-Fried citing &#8220;treaty obligations&#8221;, United States Attorney Damian Williams wrote on Wednesday to Judge Lewis Kaplan.</p><blockquote class="wp-block-quote"><p>The Government has been informed that The Bahamas notified the United States earlier today that The Bahamas did not intend to extradite the defendant on the campaign contributions count. Accordingly, in keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count.</p></blockquote><p>SBF and his FTX crypto exchange reportedly donated tens of millions of dollars to bipartisan candidates in a bid to boost Bankman-Fried&#8217;s social capital. Prosecutors argue that the former FTX boss made these donations with stolen customer funds. </p><h2>Bankman-Fried&#8217;s $250 Million Bail Reviewed In FTX Case</h2><p>The DOJ <a href="https://en.ethereumworldnews.com/prosecutor-revoke-sam-bankman-fried-bail/" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutor-revoke-sam-bankman-fried-bail/" target="_blank" rel="noreferrer noopener">requested</a> a review of SBF&#8217;s bail agreement after the accused leaked the diary of Caroline Ellison, Alameda&#8217;s former CEO and Bankman-Fried&#8217;s supposed girlfriend. SBF&#8217;s diary leak to the New York Times affects the trial and could be considered witness tampering, U.S. attorneys argued. </p><p>Judge Kaplan issued a gag order on SBF, meaning that Bankman-Fried is legally bound from speaking to the press or making any &#8220;extrajudicial statements&#8221;. Federal prosecutors and SBF&#8217;s lawyers are expected to file arguments regarding Bankman-Fried&#8217;s detention terms moving forward.</p>]]></description><link>https://m.coinsnews.com/doj-bins-ftx-founders-campaign-finance-charges</link><guid>602091</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg</dc:content ><dc:text>DOJ Bins FTX Founder’s Campaign Finance Charges</dc:text></item><item><title>Winklevoss-Owned Gemini To Launch Trading Competition To Attract Users</title><description><![CDATA[<img width="700" height="394" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Winklevoss-Owned Gemini To Launch Trading Competition To Attract Users 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41-269x151.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="Winklevoss-Owned Gemini To Launch Trading Competition To Attract Users 23"><ul><li>The Gemini Foundation is set to host its first trading competition next month.&amp; </li><li>The Gemini Leaderboard competition will reward as much as 250 GUSD to derivatives traders on the exchange.&amp; </li><li>The derivatives crypto exchange aims to attract traders and grow its user base.&amp; </li></ul><p>Gemini Foundation, the derivatives exchange founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, is set to host its first trading competition next month. The international crypto derivatives exchange, which was launched in May by the Winklevoss-owned American crypto exchange, is hoping to leverage the trading competition to lure new users to the platform.&amp; </p><h2><strong>Gemini Aims To Attract Users After Decline In Trading Volume</strong> </h2><p>The Winklevoss twins plan to launch the Gemini Leaderboard competition on August 1, 2023, <a href="https://www.bloomberg.com/news/articles/2023-07-26/winklevoss-gamify-overseas-derivatives-exchange-to-boost-demand?srnd=cryptocurrencies-v2#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a> reported earlier today. The leaderboard will track the performance of crypto traders on the international derivatives trading platform and reward the top-performing traders accordingly. </p><p>The <a href="https://en.ethereumworldnews.com/gemini-sues-barry-silbert-dcg-fraud-earn/">Gemini</a> Foundation will host multiple competitions, each with unique rules, objectives, and duration. The best traders will be rewarded as much as 250 GUSD every day. The competition will not be available for users in the United States, the United Kingdom, and the European Union. </p><p>Traders who are interested in participating in the competition will have to fund their derivatives account with at least 250 GUSD before the end of the month. This amount would have to be maintained in the account throughout the duration of the competition. The first competition will end on August 31, 2023.&amp; </p><p>The promotional event comes amid Gemini’s declining trading volume. Data from <a href="https://www.coingecko.com/en/exchanges/gemini#reserve" rel="nofollow noopener">CoinGecko</a> showed that the crypto exchange’s trading volume declined by more than 87% over the past year, going from $147 million to almost $18 million at the time of writing. As per the exchange’s self-reported <a href="https://www.gemini.com/trust-center" rel="nofollow noopener">proof of reserves</a>, it currently holds $6.4 billion worth of crypto. </p><p>When regulators in the United States cracked down on the crypto industry, the Winklevoss twins looked offshore to set up a derivatives platform and increase their crypto firm’s global presence, which led to the establishment of the Gemini Foundation. The GUSD stablecoin serves as the derivatives exchange’s primary token, and perpetual contracts offered on the trading platform are denominated in GUSD.&amp; </p>]]></description><link>https://m.coinsnews.com/winklevoss-owned-gemini-to-launch-trading-competition-to-attract-users</link><guid>601983</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/https___d1e00ek4ebabms.cloudfront.net_production_0de36c49-1b85-46bb-91bf-98e49784bb41.jpg</dc:content ><dc:text>Winklevoss-Owned Gemini To Launch Trading Competition To Attract Users</dc:text></item><item><title>U.S. Prosecutors Ask Judge To Revoke FTX Founder Sam Bankman-Fried’s Bail</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. Prosecutors Ask Judge To Revoke FTX Founder Sam Bankman-Fried’s Bail 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ.jpeg 929w" sizes="(max-width: 770px) 100vw, 770px" title="U.S. Prosecutors Ask Judge To Revoke FTX Founder Sam Bankman-Fried’s Bail 23"><ul><li>Federal prosecutors in the United States want Sam Bankman-Fried to be jailed ahead of the FTX trial.&amp; </li><li>The prosecutors argued that the court should reverse Bankman-Fried’s pre-trial release for the safety of the community.&amp; </li><li>The FTX founder previously came under fire for providing personal writings of a trial witness to the New York Times.&amp; </li></ul><p>The United States Department of Justice is seeking the detention of Sam Bankman-Fried, the disgraced founder of Bahamas-based bankrupt crypto exchange <a href="https://en.ethereumworldnews.com/ftx-recover-1-billion-sbf-former-execs/">FTX</a>. Federal prosecutors in Manhattan have asked the judge overseeing his fraud case to revoke Bankman-Fried’s bail and jail him as he waits for his trial to begin in October. </p><h2><strong>Prosecutors: Sam Bankman-Fried Not Safe For The Community</strong></h2><p>Federal prosecutor Danielle Sassoon told U.S. District Judge Lewis Kaplan during a hearing today that no bail conditions for Sam Bankman-Fried could ensure the safety of the community, <a href="https://www.reuters.com/legal/us-seeks-detention-ftxs-sam-bankman-fried-pending-trial-2023-07-26/" rel="nofollow noopener">Reuters</a> reported. The Justice Department wants the FTX founder’s house arrest to be reversed and put him behind bars ahead of his trial, which is scheduled to begin on October 2, 2023. </p><p>The prosecutors’ request for Sam Bankman-Fried’s detention comes less than a week after he was accused of witness tampering. Prosecutors in New York wrote to Judge Kaplan after the FTX founder shared the private writings of Caroline Ellison with the New York Times.&amp; </p><p>Caroline Ellison served as the Chief Executive of FTX’s sister firm Alameda Research and was also Bankman-Fried’s romantic partner. Ellison, who was a part of Bankman-Fried’s inner circle, took a plea deal earlier this year and is expected to testify against him.&amp; </p><p>Following the NYT controversy, federal prosecutors sought a gag order from the court to prevent SBF from making public statements that could have undue influence on trial witnesses or interfere with the ongoing case. Bankman-Fried agreed to the gag order on the condition that it applies to prosecutors and other parties associated with the lawsuit, including FTX’s current CEO John Ray III.&amp; </p><p>This isn’t the first time that Sam Bankman-Fried had a run-in with prosecutors over his actions. Earlier this year, the U.S. Attorney for the Southern District of New York, Damian Williams, asked Judge Kaplan to limit SBF’s access to internet-enabled devices after he tried to contact a former FTX employee regarding the ongoing lawsuit.&amp; </p>]]></description><link>https://m.coinsnews.com/us-prosecutors-ask-judge-to-revoke-ftx-founder-sam-bankman-frieds-bail</link><guid>601909</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/107173344-1672772372095-gettyimages-1245964376-AFP_336F9HZ-770x433.jpeg</dc:content ><dc:text>U.S. Prosecutors Ask Judge To Revoke FTX Founder Sam Bankman-Fried’s Bail</dc:text></item><item><title>Canadian Regulator Unveils New Capital Rules For Crypto Assets</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Canadian Regulator Unveils New Capital Rules For Crypto Assets 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696.jpg 1020w" sizes="(max-width: 770px) 100vw, 770px" title="Canadian Regulator Unveils New Capital Rules For Crypto Assets 23"><ul><li>Canada’s financial regulator has proposed new capital guidelines for financial institutions and insurers that hold crypto.&amp; </li><li>The OSFI’s new guidelines will be open for public consultation till September 20, 2023.&amp; </li><li>The new capital and liquidity rules will replace the interim advisory on the regulatory treatment of crypto asset exposures.</li></ul><p>The top financial <a href="https://en.ethereumworldnews.com/bitoasis-faces-enforcement-action-dubai/">regulator</a> in Canada has proposed new capital and liquidity guidelines for financial institutions and insurers that hold crypto assets. The new rules were drafted in response to the banking standards for crypto asset exposures released by the Basel Committee on Banking Supervision in December last year. </p><h2><strong>OSFI’s Guidelines For Crypto Are Open For Public Consultation</strong></h2><p>The changes to capital and liquidity approach to crypto assets reflect an evolving risk environment and international developments, the Office of the Superintendent of Financial Institutions (OFSI) stated in a <a href="https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/crypto-bnk-ins-nr.aspx" rel="nofollow noopener">press release</a> earlier today. </p><p>The new guidelines laid out details regarding the regulatory capital treatment of crypto asset exposures for federally regulated deposit-taking institutions (banks, credit unions), and insurers. The draft guidelines will remain open for public consultation till September 30, 2023.&amp; </p><p>OSFI’s guidelines laid out four classifications of crypto assets and the capital requirement for each type. The interim advisory on the regulatory treatment of crypto asset exposures, which was published in August 2022 will remain in effect until the new guidelines are approved.&amp; &amp; </p><blockquote class="wp-block-quote"><p>“Deposit-taking institutions and insurers need clarity on how to treat crypto-asset exposures when it comes to capital and liquidity. We look forward to giving them this clarity through these new guidelines that reflect industry input and international standards.” </p><cite>Peter Routledge, Superintendent of Financial Institutions</cite></blockquote><p>The Basel Committee, which is the premier global standard setter for the regulation of banks around the world, published banking standards last year for banks with crypto exposure. The standards detailed the prudential treatment of banks’ exposure to crypto assets, including tokenized traditional assets, stablecoins, etc, and classified crypto as the riskiest assets for federally regulated deposit-taking institutions to hold.</p><p>The Basel Committee’s standards are expected to be implemented by January 2025. The European Union has already reached a deal on bank capital legislation for crypto asset exposures in a bid to keep unbacked crypto out of traditional finance.</p>]]></description><link>https://m.coinsnews.com/canadian-regulator-unveils-new-capital-rules-for-crypto-assets</link><guid>601910</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bank-of-canada-1-6348171-1681047638696-770x433.jpg</dc:content ><dc:text>Canadian Regulator Unveils New Capital Rules For Crypto Assets</dc:text></item><item><title>Lazarus Possibly Behind Hacks On Atomic Wallet, Alphapo, Coinspaid</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Lazarus" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Lazarus Possibly Behind Hacks On Atomic Wallet, Alphapo, Coinspaid 23"><ul><li>On-chain sleuths linked transactions between addresses involved in major exploits and wallets allegedly controlled by DPRK&#8217;s Lazarus group.</li><li>ZachXBT&#8217;s analysis of the hacks on payment providers Alphapo and Coinspaid point to the infamous North Korean cybercrime organization.</li><li>Losses from the hacks on decentralized wallet Atomic Wallet and Alphaho exceed $160 million combined.</li><li>Coinspaid suspended withdrawals citing a &#8220;technical issue&#8221; around the same time hackers attacked Alphapo.</li></ul><p>Out of the ROK, Lazarus comes forth!</p><p>The notorious cybercrime group from North Korea could be behind a recent string of hacks on decentralized wallet provider Atomic Wallet and exploits on payment providers Alphapo and Coinspaid. </p><p>On-chain data pieced together by crypto sleuth <a href="https://twitter.com/MistTrack_io/status/1684174438923661312?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/MistTrack_io/status/1684174438923661312?s=20" rel="noreferrer noopener nofollow">@onchainsnoop</a> cited by blockchain security firm SlowMist spotted transactions between a pool of wallets involved in the three incidents. </p><p>Popular on-chain investigator ZachXBT said ROK&#8217;s &#8220;Guardians of Peace&#8221; are most likely behind <a href="https://twitter.com/zachxbt/status/1666115739764285445" target="_blank" data-type="URL" data-id="https://twitter.com/zachxbt/status/1666115739764285445" rel="noreferrer noopener nofollow">Atomic Wallet&#8217;s $100 million hack</a>. </p><p>On July 25, attackers believed to be Lazarus <a href="https://twitter.com/zachxbt/status/1682941291825627137?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/zachxbt/status/1682941291825627137?s=20" rel="noreferrer noopener nofollow">drained</a> at least $60 million in crypto from Alphapo hot wallets. Alphapo processed payments for crypto casinos like Ignition and Bovada. Coinspaid, another payments provider purportedly tied to Alphapo halted withdrawals around the same. The operator claims to have processed 19 billion Euros in transactions. </p><p>&#8220;Technical issues,&#8221; the Coinspaid team said as the reason for the halt. The team told users to await an official announcement. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Greetings! Our team is aware of the issue. We apologize for the inconvenience. Our technical team is working on a solution. Please wait for the official announcement on this topic. We do our best to resolve the issue as soon as possible. Thank you for your understanding!</p>&mdash; CoinsPaid (@coinspaid) <a href="https://twitter.com/coinspaid/status/1683873700355903488?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Lazarus Effect</h2><p>Lazarus group is tied to several high-profile hacks in decentralized finance and crypto. On-chain analysts have attributed exploits like the $600 million <a href="https://en.ethereumworldnews.com/ronin-network-hacked-for-173-6k-ethereum-and-25-5m-usdc/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ronin-network-hacked-for-173-6k-ethereum-and-25-5m-usdc/" rel="noreferrer noopener">Ronin bridge hack</a> and the $100 million <a href="https://en.ethereumworldnews.com/harmony-recovery-plan-horizon-exploit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/harmony-recovery-plan-horizon-exploit/" rel="noreferrer noopener">Harmony bridge exploit</a> to the DPRK-linked organization. </p><p>The U.S. Treasury Department sanctioned Tornado Cash due to suspicions that Lazarus used the crypto mixer to launder hundreds of millions of stolen digital currencies. </p><p>Lazarus is also reportedly connected to a network of terrorist financing rings in Russia and across the globe. </p>]]></description><link>https://m.coinsnews.com/lazarus-possibly-behind-hacks-on-atomic-wallet-alphapo-coinspaid</link><guid>601858</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lazarus-Possibly-Behind-Exploits-On-Atomic-Wallet-Alphapo-Coinspaid-770x433.png</dc:content ><dc:text>Lazarus Possibly Behind Hacks On Atomic Wallet, Alphapo, Coinspaid</dc:text></item><item><title>Binance Cancels German Crypto License Request</title><description><![CDATA[<img width="770" height="770" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-770x770.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-500x500.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-293x293.png 293w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Cancels German Crypto License Request 23"><ul><li>FinanceFWD previously said BaFin indicated plans to reject Binance&#8217;s application for a custody license but the decision was unclear. </li><li>The crypto exchange also applied to rest its operations in Cyprus and the United Kingdom.</li><li>The company closed its shop in the Netherlands after Dutch regulators denied the company a digital asset services license.</li><li>Changpeng Zhao&#8217;s company is under multiple probes in the United States from regulators like the CFTC, DOJ, and SEC. </li></ul><p>Binance officially <a href="https://www.reuters.com/technology/binance-withdraws-application-crypto-license-germany-2023-07-26/" target="_blank" data-type="URL" data-id="https://www.reuters.com/technology/binance-withdraws-application-crypto-license-germany-2023-07-26/" rel="noreferrer noopener nofollow">withdrew</a> its application with the German Federal Financial Supervisory Authority (BaFin) for a crypto license amid a retreat from multiple European markets due to regulatory obstacles and ongoing lawsuits in the U.S. </p><p>FinanceFWD previously reported that BaFin denied the company&#8217;s request for a custody license but it was unclear if the decision was official or simply intended at the time. </p><p>Today, a spokesperson confirmed that the company has indeed pulled its license application with BaFin citing changes in the global regulatory atmosphere and market conditions. </p><blockquote class="wp-block-quote"><p>Binance confirms that it has proactively withdrawn its BaFin application. The situation, both in the global market and regulation has changed significantly. Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes.</p></blockquote><h2>Binance Exits European Frontiers</h2><p>Binance failed to register with Dutch regulators and <a href="https://en.ethereumworldnews.com/binance-refers-coinmerce-netherlands/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-refers-coinmerce-netherlands/" rel="noreferrer noopener">announced</a> its exit from the Netherlands. The company also plans to shut down operations in <a href="https://en.ethereumworldnews.com/binance-under-investigation-in-france/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-under-investigation-in-france/" rel="noreferrer noopener">Cyprus</a> and the United Kingdom.</p><p>Belgian authorities issued a cease and desist order to the company while Australia&#8217;s securities regulator (ASIC) <a href="https://en.ethereumworldnews.com/binance-australia-probed-derivatives/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australia-probed-derivatives/" rel="noreferrer noopener">revoked</a> the company&#8217;s derivatives license. </p><p>French police raided Binance Paris in a money laundering investigation, although CEO Changpeng Zhao said the company fully corporated with authorities. </p><p>Amid roadblocks in Europe, the company is setting up shop in the Asian market with a re-emergence in Japan. <a href="https://en.ethereumworldnews.com/binance-japan-begin-august-sakura/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-japan-begin-august-sakura/" rel="noreferrer noopener">Binance Japan</a> expects to kick off fully compliant crypto services on August 2 after purchasing Sakura Exchange BitCoin (SEBC), a locally regulated company, in November 2022. </p>]]></description><link>https://m.coinsnews.com/binance-cancels-german-crypto-license-request</link><guid>601791</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Cancels-German-Crypto-License-Request-770x770.png</dc:content ><dc:text>Binance Cancels German Crypto License Request</dc:text></item><item><title>Bitcoin Sees Surge In Demand Despite Price Sideways Movement</title><description><![CDATA[<img width="770" height="577" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-770x577.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-770x577.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-1024x767.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-1536x1151.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-2048x1535.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-746x559.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-1376x1031.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 26"><p>Summary:</p><ul><li>The count of new addresses trading BTC has rallied.</li><li>This jump has occurred despite the strong resistance faced at $30,000.</li><li>As BTC&#8217;s price continues to trade sideways, many holders have taken to coin distribution.</li></ul><p><span style="font-weight: 400;">New demand for leading coin Bitcoin [BTC], continues to climb despite its sideways price movement within the $28,000 and $30,000 regions since April, data from <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=Addresses&amp;ema=0&amp;m=addresses.Count&amp;mAvg=30&amp;mMedian=0&amp;s=1674638031&amp;u=1690362831&amp;zoom=182" target="_blank" rel="noopener nofollow">Glassnode</a> revealed. </span></p><p><figure id="attachment_583276" aria-describedby="caption-attachment-583276" style="width: 1024px" class="wp-caption alignnone"><img class="wp-image-583276 size-large" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-1024x576.jpeg" alt="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 15" width="1024" height="576" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/F1yufKzWIAA60vC.jpeg 1199w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 23"><figcaption id="caption-attachment-583276" class="wp-caption-text">Source: Glassnode</figcaption></figure></p><p><span style="font-weight: 400;">An assessment of the coin’s daily new addresses count on a 30-day moving average revealed an uptick since 22 May. Since then, the daily count of new addresses that completed BTC transactions has grown by 19%. According to data from Glassnode, as of 25 July, over 450,000 new addresses completed at least one transaction that involved BTC. </span></p><h3><b>BTC accumulation dwindles as the coin struggles to break resistance</b></h3><p><span style="font-weight: 400;">At press time, BTC exchanged hands at $29,212. With strong resistance faced at the $30,000 price level, negative sentiments have returned to the daily market. </span></p><p><span style="font-weight: 400;">As negative sentiments ravage the market, accumulation amongst day traders has plummeted. According to price movements gleaned on a D1 chart, key momentum indicators embarked on a downtrend at the time of writing.</span></p><p><span style="font-weight: 400;">The coin’s Relative Strength Index rested below its neutral line at 42.61. BTC’s Money Flow Index (MFI) was 29.39 deep in the oversold territory. </span></p><p><span style="font-weight: 400;">Further, BTC’s On-balance volume (OBV) has trended downward since June end. At press time, this was 102.15 million.</span></p><p><span style="font-weight: 400;">When BTC&#8217;s OBV declines, it means that the volume of assets being sold outweighs the volume of assets being bought. It often signals a significant shift in sentiment from positive to negative, where more traders believe selling the king coin is safer than buying it.</span></p><p><span style="font-weight: 400;">Moreso, BTC’s  Chaikin Money Flow (CMF) was below the center zero line at the time of writing. A CMF in the negative territory suggests increased liquidity exit from the market.  When the BTC CMF is negative, the selling pressure dominates the market over the specified period. </span></p><p><figure id="attachment_583278" aria-describedby="caption-attachment-583278" style="width: 1024px" class="wp-caption alignnone"><img class="wp-image-583278 size-large" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-1024x430.png" alt="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 16" width="1024" height="430" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-1024x430.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-300x126.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-770x323.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-1536x645.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-2048x860.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-500x210.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-269x113.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-746x313.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-2023-07-26-at-11.01.25-1376x578.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 24"><figcaption id="caption-attachment-583278" class="wp-caption-text">Source: BTC/USDT Chart by Trading View</figcaption></figure></p><p><span style="font-weight: 400;">With many unsure of the coin’s next price direction, its supply on exchanges climbed in the past 24 hours. According to information from on-chain data provider, <a href="https://app.santiment.net/charts/FoSzIDuW__sCl" target="_blank" rel="noopener nofollow">Santiment</a>, the BTC supply to cryptocurrency exchanges increased by almost 2% in the last 24 hours. </span></p><p><span style="font-weight: 400;">When the exchange reserve of an asset increases in this manner, it suggests increased sell-offs. This could be BTC traders selling off their coin holdings to hedge against future losses. </span><span style="font-weight: 400;">However, while BTC sales rallied in the past 24 hours, the ratio of transactions in losses exceeded those in profit.</span></p><p><figure id="attachment_583279" aria-describedby="caption-attachment-583279" style="width: 1024px" class="wp-caption alignnone"><img class="wp-image-583279 size-large" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-1024x347.png" alt="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 17" width="1024" height="347" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-1024x347.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-300x102.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-770x261.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-1536x520.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-2048x693.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-500x169.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-269x91.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-746x253.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Bitcoin-BTC-11.02.45-26-Jul-2023-1376x466.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Sees Surge In Demand Despite Price Sideways Movement 25"><figcaption id="caption-attachment-583279" class="wp-caption-text">Source: Santiment</figcaption></figure></p>]]></description><link>https://m.coinsnews.com/bitcoin-sees-surge-in-demand-despite-price-sideways-movement</link><guid>601740</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/thought-catalog-I0TDRP0fj6Y-unsplash-770x577.jpg</dc:content ><dc:text>Bitcoin Sees Surge In Demand Despite Price Sideways Movement</dc:text></item><item><title>Open Exchange’s OX Token Up 10% Following Metaverse Venture With UFC Star</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-770x462.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Open Exchange’s OX Token Up 10% Following Metaverse Venture With UFC Star 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-770x462.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-300x180.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-1024x614.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-500x300.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-269x161.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-746x448.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Open Exchange’s OX Token Up 10% Following Metaverse Venture With UFC Star 21"><ul><li>3AC-backed Open Exchange has partnered with Gameplan, UFC star Khabib Nurmagomedov’s sports metaverse.&amp; </li><li>OPNX’s metaverse venture will allow fans to interact with their sports idols and participate in web3 events.&amp; </li><li>OPNX’s new metaverse venture prompted the price of its governance token OX to jump 9%.&amp; </li></ul><p>Open Exchange has <a href="https://www.benzinga.com/pressreleases/23/07/33374033/opnx-partners-with-khabibs-gameplan-to-transform-the-sports-metaverse" rel="nofollow noopener">announced</a> a partnership with Gameplan, the sports metaverse launched by UFC champion Khabib Nurmagomedov. OPNX’s latest partnership, which marks its first venture into the metaverse, aims to foster the next wave of crypto innovation and adoption and act as a gateway to usher sports fans and athletes into the metaverse. </p><h2><strong>Open Exchange &amp; Khabib Aim To Revolutionize Sports With Metaverse</strong></h2><p>Gameplan was launched by Khabib Nurmagomedov and Magomed Kurbaitaev in February 2023. The sports metaverse aims to become a one-stop shop for all interactions between athletes and fans, as well as sports events, gaming, shopping, etc. The platform has tapped high-profile athletes in other sports like football, boxing, and wrestling as well. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ OPNX is absolutely thrilled to announce that we are now partnered with ???? UFC Champion Khabib Nurmegamedov&#39;s ????????‍♂️ new sports metaverse, Gameplan ????<a href="https://twitter.com/search?q=%24OX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$OX</a> <a href="https://twitter.com/hashtag/Khabib?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Khabib</a> <a href="https://twitter.com/hashtag/UFC?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#UFC</a> <a href="https://twitter.com/hashtag/Gameplan?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Gameplan</a> <a href="https://twitter.com/hashtag/OxPower?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#OxPower</a> ????????????<br><br>Read what Khabib has to say about the new partnership here:<a href="https://t.co/Ja061sCywE" rel="nofollow">https://t.co/Ja061sCywE</a> <a href="https://t.co/tuv4fbxbVP" rel="nofollow">pic.twitter.com/tuv4fbxbVP</a></p>&mdash; OPNX ???? (@OPNX_Official) <a href="https://twitter.com/OPNX_Official/status/1683896935067811844?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Gameplan would also allow users to own a stake in their favorite sports teams and participate in the web3 platform’s decision-making through token-based voting. Users would also be able to use Gameplan’s native token to participate in decisions related to team strategies, management, etc.&amp; </p><blockquote class="wp-block-quote"><p>As an athlete with big experience, I understand sport and what it needs. I hope this partnership between OPNX and Gameplan will revolutionize the sports industry.” </p><cite>Khabib Nurmagomedov, UFC Champion</cite></blockquote><p><a href="https://en.ethereumworldnews.com/opnx-ecosystem-partner-3ac-ventures/">Open Exchange</a> CEO Leslie Lamb stated that crypto and mixed martial arts (MMA) had various similarities and added that MMA fighters brought the energy that crypto needed amid the ongoing bear market. UFC, a premier MMA promotion company, previously partnered with Vechain, an enterprise-grade layer-1 smart contract platform. </p><p>Open Exchange’s new metaverse venture with Gameplan led to an increase of over 9% in the price of its governance token OX. Data from CoinMarketCap showed that OX was trading at $0.037 at the time of writing.&amp; </p>]]></description><link>https://m.coinsnews.com/open-exchanges-ox-token-up-10-following-metaverse-venture-with-ufc-star</link><guid>601647</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/OPNX_CT_Article_1686732138GBn4EIyAS1-770x462.webp</dc:content ><dc:text>Open Exchange’s OX Token Up 10% Following Metaverse Venture With UFC Star</dc:text></item><item><title>KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-1476x738.png 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-1376x688.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec.png 1500w" sizes="(max-width: 770px) 100vw, 770px" title="KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits 24"><ul><li>KuCoin has denied reports of reducing its workforce by 30% amid declining profits.&amp; </li><li>The crypto exchange acknowledged that it was letting go of some employees as part of a routine adjustment.&amp; </li><li>Colin Wu reported that KuCoin had been struggling after being sued by the New York Attorney General in March.&amp; </li><li>The crypto exchange’s trading volume has reduced by over 50% since a strict KYC policy was enforced last week.&amp; </li></ul><p>KuCoin has denied reports of mass layoffs after crypto journalist Colin Wu reported earlier today that the Seychelles-based crypto exchange was planning to let go of 30% of its workforce. The report comes a month after the exchange enforced mandatory know-your-customer (KYC) checks on its trading platform, which reportedly led to a decline in profits.&amp; </p><h2><strong>NY AG’s Lawsuit Against KuCoin Led To Decline In Profits</strong></h2><p>Citing three anonymous internal sources, Colin Wu <a href="https://twitter.com/WuBlockchain/status/1683821842447106048" rel="nofollow noopener">reported</a> that KuCoin is set to lay off 300 of its nearly 1000 employees. In March, New York Attorney General Letitia James sued the crypto exchange, accusing it of violating securities laws by offering securities to users on its platform. </p><p>This was followed by the enforcement of mandatory KYC checks which took effect on July 15. According to Colin Wu, the lawsuit paired with the strict KYC policy led to a decline in <a href="https://en.ethereumworldnews.com/22k-usdt-lost-kucoin-twitter-exploit/">KuCoin’s</a> profits. This reportedly prompted the crypto exchange’s plan to lay off 30% of its employees.</p><p>However, the exchange denied the reports of mass layoffs and stated that it intended to make routine adjustments to its workforce as part of normal performance appraisal. “KuCoin is actively embracing compliance and focusing on core business development,” the exchange said in a statement to the crypto journalist. </p><figure class="wp-block-image size-large"><img width="1024" height="304" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-1024x304.png" alt="KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits 17" class="wp-image-583265" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-1024x304.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-300x89.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-770x229.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-1536x456.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-269x80.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-746x222.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176-1376x409.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-176.png 1575w" sizes="(max-width: 1024px) 100vw, 1024px" title="KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits 23"><figcaption>KuCoin&#8217;s Trading Volume</figcaption></figure><p>Data from <a href="https://www.coingecko.com/en/exchanges/kucoin#statistics" rel="nofollow noopener">CoinGecko</a> showed that the crypto exchange’s trading volume has declined by a whopping 73% following the lawsuit by the New York AG. As for this month, the trading volume declined by 54% since the KYC policy came into effect.</p>]]></description><link>https://m.coinsnews.com/kucoin-denies-reports-of-mass-layoffs-amid-declining-profits</link><guid>601563</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/KuCoin-8d192c48598948e49b74e467f619f7ec-770x385.png</dc:content ><dc:text>KuCoin Denies Reports Of Mass Layoffs Amid Declining Profits</dc:text></item><item><title>Binance Preps Motion To Dismiss CFTC Lawsuit From March 2023</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-770x578.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-770x578.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-1024x768.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-746x560.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-1376x1032.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023.jpg 1400w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Preps Motion To Dismiss CFTC Lawsuit From March 2023 22"><ul><li>The U.S. Commodity Futures Trading Commission alleged that Binance and CEO Changpeng Zhao placed profits over policy compliance.</li><li>CZ refuted the claims from the lawsuit filed in March, questioning the so-called facts and issues outlined by the CFTC.</li><li>The major exchange and its CEO are also facing a lawsuit from the U.S. SEC alleging securities violations among a basket of other charges.</li></ul><p>CEO Changpeng Zhao along with his group of companies including Binance plan to file a <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.53.0_1.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.53.0_1.pdf" rel="noreferrer noopener nofollow">motion to dismiss</a> a lawsuit from the U.S. Commodity Futures Trading Commission (CFTC) submitted in March 2023. </p><p>Earlier this year, Gretchen Lowe who serves as chief counsel for the CFTC&#8217;s enforcement division, accused Binance and CZ of willful evasion of U.S. financial rules. Lowe stated in the commission&#8217;s lawsuit that Binance&#8217;s compliance efforts were a hoax and that the company consistently prioritized profits over adhering to the law.</p><blockquote class="wp-block-quote"><p>The defendants’ own emails and chats reflect that Binance’s compliance efforts have been a sham and Binance deliberately chose — over and over — to place profits over following the law.</p></blockquote><p>Responding to the lawsuit shortly after, Changpeng Zhao refuted the CFTC&#8217;s allegations and called into question the completeness of so-called facts presented in the lawsuit.</p><p>In April, CFTC Commissioner Kristin Johnson <a href="https://en.ethereumworldnews.com/cftc-official-settlement-binance-lawsuit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-official-settlement-binance-lawsuit/" rel="noreferrer noopener">hinted</a> a settlement in the Binance lawsuit was not ruled out and remarked that a &#8220;path forward&#8221; could be possible. </p><p>The motion to dismiss is expected on Thursday in line with the July 27 deadline. However, CZ&#8217;s lawyer asked the court to permit a longer document as the standard limit for such filings is capped at 15 pages. Notably, the CFTC&#8217;s counsel did not oppose this relief. </p><h2>Binance vs CFTC, SEC</h2><p>CZ and his crypto empire face lawsuits on multiple fronts following accusations from both the CFTC and the U.S. Securities and Exchange Commission alleging rule-breaking. The crypto exchange and its CEO are also subjects of a Department of Justice probe focused on possible money laundering among other suspicions. </p><p>The company plans to lay off between 1000-3000 employees amid ongoing legal battles, per <a href="https://www.cnbc.com/2023/07/14/binance-could-lay-off-thousands-in-response-to-doj-probe-source.html" data-type="URL" data-id="https://www.cnbc.com/2023/07/14/binance-could-lay-off-thousands-in-response-to-doj-probe-source.html" target="_blank" rel="noreferrer noopener">CNBC</a>. </p>]]></description><link>https://m.coinsnews.com/binance-preps-motion-to-dismiss-cftc-lawsuit-from-march-2023</link><guid>601508</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Preps-Motion-To-Dismiss-CFTC-Lawsuit-From-March-2023-770x578.jpg</dc:content ><dc:text>Binance Preps Motion To Dismiss CFTC Lawsuit From March 2023</dc:text></item><item><title>Binance Japan Full Operations To Begin In August Via Sakura Takeover</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Japan Full Operations To Begin In August Via Sakura Takeover 24"><ul><li>Binance acquired locally regulated crypto exchange Sakura in November 2022 as part of expansion plans into the Asian market.</li><li>The company said full services will begin for Japanese users in August and the platform would be fully compliant with local financial rules. </li><li>Rhetoric from Japan’s Prime Minister Fumio Kishida suggests a boon for digital asset operators looking to set up shop in the country.</li></ul><p>Major crypto exchange Binance said its Japanese division will begin full operation for local users by August this year, per a report from <a href="https://www.bloomberg.com/news/articles/2023-07-25/binance-to-start-full-services-on-new-japan-platform-in-august" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-25/binance-to-start-full-services-on-new-japan-platform-in-august" rel="noreferrer noopener nofollow">Bloomberg</a>. </p><p>The company headed by CEO and founder Changpeng &#8216;CZ&#8217; Zhao <a href="https://en.ethereumworldnews.com/binance-returns-japan-sakura-exchange/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-returns-japan-sakura-exchange/" rel="noreferrer noopener">acquired</a> Sakura Exchange BitCoin (SEBC), a locally regulated digital asset platform, last year in November. </p><p>Sakura&#8217;s acquisition was sealed by an undisclosed sum and opened a route for Binance to re-enter the Japanese market through a platform regulated by the country&#8217;s Financial Services Agency (FSA).</p><p>The move also marked Binance&#8217;s first foothold in Japan since 2018 after CZ&#8217;s company was shown the door due to regulatory compliance issues. </p><p>Per today&#8217;s announcement, Binance Japan operating through SEBC would function as a fully compliant platform offering crypto and digital asset services to users in Japan. </p><p>Furthermore, the development is buoyed by rhetoric from Japan&#8217;s Prime Minister Fumio Kishida who has hinted at pathways for crypto operators to set up shop in the country and expanding the local digital currency ecosystem. </p><p>In recent months, policymakers have <a href="https://en.ethereumworldnews.com/japans-flexible-crypto-listing-regime/" data-type="URL" data-id="https://en.ethereumworldnews.com/japans-flexible-crypto-listing-regime/" target="_blank" rel="noreferrer noopener">revised</a> token listing procedures to accommodate more coins and mulled rules to allow crypto businesses comply with financial rules.</p><h2>Binance Expansion Across Jurisdictions</h2><p>While Binance plans to resurface in the Japanese market, the company has lost some ground in Europe and the U.S. amid regulatory crackdowns. </p><p>The crypto exchange heavyweight exited Cyprus and saw its derivatives license revoked by Australia&#8217;s securities watchdog (ASIC). Binance France also experienced a raid on its Paris office after suspicions of money laundering activities. </p><p>Several executives like CSO Patrick Hillmann left the company amid a lawsuit from the U.S. SEC, although departing leaders <a href="https://en.ethereumworldnews.com/binances-cz-dispels-fud-around-exits/" data-type="URL" data-id="https://en.ethereumworldnews.com/binances-cz-dispels-fud-around-exits/" target="_blank" rel="noreferrer noopener">insisted</a> that their exits had nothing to do with allegations against the crypto exchange or CEO Zhao. </p><p></p>]]></description><link>https://m.coinsnews.com/binance-japan-full-operations-to-begin-in-august-via-sakura-takeover</link><guid>601448</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Japan-Full-Operation-To-Begin-August-Via-Sakura-Takeover-770x433.jpg</dc:content ><dc:text>Binance Japan Full Operations To Begin In August Via Sakura Takeover</dc:text></item><item><title>Coinbase’s VIP Hiring Program Attracts Over 200 Applications</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase’s VIP Hiring Program Attracts Over 200 Applications 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase’s VIP Hiring Program Attracts Over 200 Applications 24"><ul><li>A VIP hiring program launched by Coinbase attracted 283 applicants from around the world.&amp; </li><li>The program aims to attract talented crypto enthusiasts with extraordinary abilities.&amp; </li><li>CEO Brian Armstrong announced the program last week in a bid to offer employment to such individuals.&amp; </li><li>The applicants include people with an O-1 Visa, Olympic athletes, Armed forces veterans, and influencers.&amp; </li></ul><p>A VIP hiring program launched by <a href="https://en.ethereumworldnews.com/ark-invest-sold-coinbase-share-53-million/">Coinbase</a> last week has attracted more than 250 applications from around the globe. The VIP Access program, which was announced by CEO Brian Armstrong last week, seeks to attract experienced crypto enthusiasts to work at the largest crypto exchange in the United States.&amp; </p><h2><strong>Coinbase’s VIP Access Attracts Veterans &amp; Crypto Influencers</strong></h2><p>The <a href="https://www.coinbase.com/careers/vip-access" rel="nofollow noopener">VIP Access</a> Program was launched on July 19 to attract crypto enthusiasts with extraordinary abilities. According to Coinbase, the program is aimed at hiring highly-talented individuals who are passionate about crypto and economic freedom.&amp; </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We created a VIP page to hire people with extraordinary ability <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" rel="nofollow noopener">@coinbase</a>.<br><br>If you&#39;ve shipped a popular open source library, built a large online following, won a math/eng/gaming competition, were part of a special forces unit, or built something awesome, say hello.…</p>&mdash; Brian Armstrong ????️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1681439056323051529?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 18, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The program is looking for people with a specific skill set and experience, which includes experience in elite armed forces, winners of chess tournaments, coding or video game competitions, crypto influencers with a large following on social media, crypto project founders, entrepreneurs, and holders of an O-1 Visa, which is granted to individuals who have achieved national/international acclaim for extraordinary ability in sciences, art, business, etc.&amp; </p><p>Coinbase CEO Brian Armstrong took to Twitter earlier today to provide a glimpse into the applications received so far. The VIP Access program had attracted 283 applications, the majority of which came from North America. 39 applications came from Europe, the Middle East, and Africa, 13 from India, and 10 from the Asia Pacific region. The remaining two applicants were from Latin America.&amp; </p><blockquote class="wp-block-quote"><p>Crypto is attracting the best and brightest globally who want to build the future, and increase economic freedom.” </p><cite>Brian Armstrong, Co-founder and CEO at Coinbase</cite></blockquote><p>Armstrong revealed that 65 applicants had led a crypto forward project, 56 had founded and sold companies, 22 had elite armed forces experience, and 43 were influencers with a large social media audience. The applicants also included 7 O-1 Visa holders and 6 Olympic athletes.</p>]]></description><link>https://m.coinsnews.com/coinbases-vip-hiring-program-attracts-over-200-applications</link><guid>601308</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/e534f730-c900-11ed-bbff-fe9cacb5326d-770x513.jpg</dc:content ><dc:text>Coinbase’s VIP Hiring Program Attracts Over 200 Applications</dc:text></item><item><title>Dogecoin Gains 10% Following Twitter’s Rebranding As X</title><description><![CDATA[<img width="770" height="481" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-770x481.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Dogecoin Gains 10% Following Twitter’s Rebranding As X 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-770x481.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-300x188.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-500x313.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-269x168.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-746x466.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter.webp 800w" sizes="(max-width: 770px) 100vw, 770px" title="Dogecoin Gains 10% Following Twitter’s Rebranding As X 22"><ul><li>DOGE became one of the top gainers today after Elon Musk rebranded Twitter as X.&amp; </li><li>The meme token gained as much as 10%, topping a two-month high of $0.077.&amp; </li><li>The demand for Dogecoin increased after Musk briefly displayed its dog-themed logo in his Twitter bio.&amp; </li><li>Traders also rushed to invest in multiple namesake tokens leading to triple-digit gains.&amp; </li></ul><p>Dogecoin (DOGE) witnessed double-digit gains earlier today after <a href="https://en.ethereumworldnews.com/elon-musk-offensive-in-dogecoin-lawsuit/">Elon Musk</a> rebranded Twitter as X. Musk, who bought Twitter in October last year, has owned the domain name X.com since 2017 and previously revealed his plans to turn it into “the everything app”. The domain name now redirects users to Twitter and is part of the billionaire businessman’s broader plan to turn the social networking platform into what he envisions as “the most valuable financial institution in the world.”</p><h2><strong>Dogecoin Reaches Two-Month High Of $0.77</strong></h2><p>Elon Musk took to Twitter recently to <a href="https://twitter.com/elonmusk/status/1683171310388535296" rel="nofollow noopener">announce</a> his social networking platform’s new identity. The rebranding included the X logo featured on Twitter’s homepage, replacing the iconic blue bird logo.&amp; </p><blockquote class="wp-block-quote"><p>X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.&#8221; </p><cite><a href="https://twitter.com/lindayacc/status/1683213798386147329" rel="nofollow noopener">Linda Yaccarino, CEO of Twitter</a></cite></blockquote><p>Shortly after the announcement, traders scrambled to buy up DOGE, anticipating some role for the meme token in Twitter’s overhaul. The memecoin gained as much as 10%, reaching a two-month high of $0.77. At the time of writing, DOGE was trading at $0.75. The buying frenzy led to a 374% increase in the memecoin’s daily trading volume, which topped $1.38 billion. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://t.co/bOUOek5Cvy" rel="nofollow">https://t.co/bOUOek5Cvy</a> now points to <a href="https://t.co/AYBszklpkE" rel="nofollow">https://t.co/AYBszklpkE</a>. <br><br>Interim X logo goes live later today.</p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1683171310388535296?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 23, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The rebranding to X also led to several namesake tokens witnessing triple-digit gains. Data from <a href="https://coinmarketcap.com/currencies/x/" rel="nofollow noopener">CoinMarketCap</a> shows that the price of one X token increased by a whopping 313%. Another token, X AI, which didn&#8217;t even exist till last week, gained more than 166%.&amp; </p><p>Musk has been vocal in his support for Dogecoin, going as far as enabling DOGE payments on The Boring Company, an online store that previously sold flamethrowers, perfumes, and even Tequila. Several of his cryptic tweets with a subtle hint of the dog-themed memecoin have sent its price soaring in the past.&amp; </p><p>Following the announcement of X, he even displayed Dogecoin’s logo in his Twitter bio briefly. In early April, members of the crypto community on Twitter reported that they could see the dog mascot of the meme coin instead of Twitter’s logo on their homepage.&amp; </p>]]></description><link>https://m.coinsnews.com/dogecoin-gains-10-following-twitters-rebranding-as-x</link><guid>601263</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/b6ad9dc3-dodgecoin-twitter-770x481.webp</dc:content ><dc:text>Dogecoin Gains 10% Following Twitter’s Rebranding As X</dc:text></item><item><title>Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-770x428.png" class="webfeedsFeaturedVisual wp-post-image" alt="Worldcoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-770x428.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-300x167.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-1024x569.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-500x278.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-269x150.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-746x415.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing 25"><ul><li>Worldcoin launched on Monday with an airdrop of 43 million tokens to over 2 million sign-ups.</li><li>The digital identity-styled protocol sparked debates regarding centralization and privacy following its Monday debut.</li><li>Ethereum co-founder Vitalik Buterin opined that WLD’s biometric proof of personhood model presents opportunities and concerns alike.</li><li>The token is up over 50% since listing on major crypto exchanges like Binance, Kucoin, Huobi, Bybit, and OKX. </li></ul><p>Worldcoin (WLD) &#8211; the token for Sam Altman&#8217;s digital identity protocol &#8211; skyrocketed over 50% in price after its Monday debut across major crypto exchanges like Binance, Kucoin, Huobi, Bybit, and OKX, per <a href="https://www.coingecko.com/en/coins/worldcoin" target="_blank" data-type="URL" data-id="https://www.coingecko.com/en/coins/worldcoin" rel="noreferrer noopener nofollow">Coingecko</a> data. </p><p>The token traded at $2.71 on trading venues after surging as high as $3.30 on some platforms. After months of anticipation, WLD launched its mainnet and distributed 43 million tokens to over 2 million users worldwide on July 24. </p><figure class="wp-block-image size-large"><img width="1024" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-1024x1024.png" alt="Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing 15" class="wp-image-583226" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/chart-5.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing 24"><figcaption><strong>WLD/USD by Coingecko</strong></figcaption></figure><p>The project co-founded by OpenAI CEO <a href="https://www.forbes.com/sites/sethmatlins/2023/06/22/sam-altman-is-the-unofficial-1-on-forbes-2023-worlds-most-influential-cmos-list/" target="_blank" data-type="URL" data-id="https://www.forbes.com/sites/sethmatlins/2023/06/22/sam-altman-is-the-unofficial-1-on-forbes-2023-worlds-most-influential-cmos-list/" rel="noreferrer noopener">Sam Altman</a> sparked debates across the crypto ecosystem with proponents raising concerns over centralization and privacy. </p><p>Worldcoin styles itself as a &#8220;privacy-preserving digital identity&#8221; protocol built on the Ethereum L2 solution Optimism that allows users to claim a WorldID through Orb biometric verification and a digital currency (WLD), where local regulations permit. </p><p>The age of <a href="https://en.ethereumworldnews.com/meta-launches-ai-language-model-llama/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/meta-launches-ai-language-model-llama/" rel="noreferrer noopener">AI</a> has necessitated proof of personhood solutions built on decentralized privacy-first technology that is globally inclusive, Worldcoin co-founder Alex Blania&amp; said, adding that the need for proof of personhood is no longer a topic of serious debate. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The Worldcoin project is now live. <a href="https://t.co/xZXG4w56Ps" rel="nofollow">pic.twitter.com/xZXG4w56Ps</a></p>&mdash; Worldcoin (@worldcoin) <a href="https://twitter.com/worldcoin/status/1683372181428793344?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 24, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Ethereum Founder Buterin Chimes In On Worldcoin Conversation</h2><p>Indeed, WLDs launch raised eyebrows mainly regarding the project&#8217;s biometric verification and possible data leaks that could emerge. The project utilizes a device called Orb &#8211; a device that scans a participant&#8217;s Iris and validates their identity on the company&#8217;s database. Notably, the product is unavailable to U.S. users. </p><p>Tools for Humanity&#8217;s chief communications officer Rebecca Hahn said the German-made Orbs will debut in 35 cities over the coming months. Currently, there are 200 Orbs although that number is expected to reach 1,500 by year&#8217;s end, head of product and design Tiago Sada noted. </p><p>Amid concerns that privacy leaks and Worldcoin&#8217;s centralization could put users at risk, Ethereum co-founder Vitalik Buterin <a href="https://vitalik.eth.limo/general/2023/07/24/biometric.htmlhttps://vitalik.eth.limo/general/2023/07/24/biometric.html" target="_blank" data-type="URL" data-id="https://vitalik.eth.limo/general/2023/07/24/biometric.htmlhttps://vitalik.eth.limo/general/2023/07/24/biometric.html" rel="noreferrer noopener nofollow">opined</a> that the technology is needed and will likely take time to effectively build at scale. </p><blockquote class="wp-block-quote"><p>The concept of proof-of-personhood in principle seems very valuable, and while the various implementations have their risks, not having any proof-of-personhood at all has its risks too: a world with no proof-of-personhood seems more likely to be a world dominated by centralized identity solutions, money, small closed communities, or some combination of all three.</p></blockquote>]]></description><link>https://m.coinsnews.com/sam-altmans-worldcoin-wld-up-70-after-airdrop-mainnet-launch-exchange-listing</link><guid>601151</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sam-Altmans-Worldcoin-_WLD_-Up-70_-After-Airdrop_-Mainnet-Launch_-Exchange-Listing-770x428.png</dc:content ><dc:text>Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing</dc:text></item><item><title>SEC May Appeal Ripple Ruling After Do Kwon Cites It In Motion To Dismiss</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC May Appeal Ripple Ruling After Do Kwon Cites It In Motion To Dismiss 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="SEC May Appeal Ripple Ruling After Do Kwon Cites It In Motion To Dismiss 25"><ul><li>The United States SEC has signaled that it will appeal the recent ruling in the lawsuit against Ripple.</li><li>The securities regulator’s latest comments were part of a filing in the lawsuit against Do Kwon and Terraform Labs.&amp; </li><li>Do Kwon recently cited the Ripple ruling to support his motion to dismiss the SEC’s lawsuit against him.&amp; </li></ul><p>The U.S. Securities and Exchange Commission (SEC) has signaled that it may appeal the landmark ruling in its lawsuit against Ripple, which handed the crypto firm a major victory and set a precedent surrounding the security status of cryptocurrencies. The securities regulator’s intent to appeal came to light in its latest filing in a separate lawsuit against Do Kwon and his defunct Terraform Labs.&amp; </p><h2><strong>SEC: Ripple Ruling Adds Baseless Requirements To Howey Test</strong></h2><p>The summary judgment motion by Federal Judge Analisa Torres last week identified XRP’s institutional sales as securities offerings. However, the judge ruled that retail or programmatic sales of XRP did not constitute an investment contract. This ruling was <a href="https://en.ethereumworldnews.com/terra-do-kwon-ripple-ruling-dismiss-sec/">cited</a> by lawyers representing Terraform Labs’ disgraced founder Do Kwon in the motion to dismiss the SEC’s lawsuit against him and his firm.&amp; </p><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-21/sec-signals-appeal-to-crypto-ripple-ruling-in-terra-response#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, the SEC urged the judge overseeing its lawsuit against Kwon and Terraform Labs to not consider the Ripple ruling as a legal precedent. The securities regulator argued that Judge Torres’ stance on XRP’s programmatic sales created “an artificial distinction between the expectations of sophisticated institutional and retail investors. The regulator added that the Ripple ruling added “baseless requirements” to the decades-old Howey Test, which is used to determine if an asset qualifies as a security.&amp; </p><blockquote class="wp-block-quote"><p>Institutional buyers in this case, such as trading firms that purchased Defendants’ crypto assets with no restrictions on resale, purchased because they viewed the assets as an investment opportunity into Terraform’s efforts.” </p><cite>SEC’s filing in the lawsuit against Do Kwon</cite></blockquote><p>The SEC asked the judge hearing Do Kwon’s case to reject the components of the Ripple ruling about XRP’s non-security status for retail sales and added that it was considering appealing the controversial ruling by Judge Torres. Interestingly, the securities regulator encouraged the Terraform judge to consider Judge Torres’ stance on institutional sales of XRP, which were deemed securities.&amp; </p>]]></description><link>https://m.coinsnews.com/sec-may-appeal-ripple-ruling-after-do-kwon-cites-it-in-motion-to-dismiss</link><guid>600552</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-770x513.jpg</dc:content ><dc:text>SEC May Appeal Ripple Ruling After Do Kwon Cites It In Motion To Dismiss</dc:text></item><item><title>Binance’s French Arm Reports A Loss of €4 Million In 2022</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance&#039;s French Arm Reports A Loss of €4 Million In 2022 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Binance&#039;s French Arm Reports A Loss of €4 Million In 2022 25"><ul><li>Binance France reported a loss of €4 million in the financial statements for 2022.&amp; </li><li>The crypto exchange’s French arm currently holds €1bn in crypto assets on behalf of its clients.&amp; </li><li>The exchange started recording expenses eight months before revenue, which led to the multi-million euro loss.&amp; </li><li>Binance France expects to be profitable by the end of this year.</li></ul><p>Binance France has reported a loss of €4 million for the year 2022. The French arm of the world’s largest crypto exchange recently, which was established in November 2021, released the audited financial reports for last year. The crypto exchange’s financial statements were audited by Paris-based accounting and audit firm RSM France.&amp; </p><h2><strong>Binance France Holds €1 Billion On Behalf Of Clients</strong></h2><p>According to the audited <a href="https://www.binance.com/fr/blog/ecosystem/binance-france-publishes-2022-accounts--what-do-they-say-and-faq-7753651850896626460" rel="nofollow noopener">financial reports</a> released by Binance France earlier today, the exchange held €1 billion worth of crypto assets on behalf of its users residing in the country. Apart from that, the exchange also holds 7 million USDT in its own account. The majority of the French crypto exchange’s income came from trading fees charged from users on the platform. </p><p>The crypto exchange stated in its report that the reason for the €4 million loss was a mismatch in the dates that they started recording expenses and revenues. The accounts reportedly covered 14 months of expenses but only six months of revenue. The delay in receiving revenue was attributed to the lack of regulatory approval from France’s top market regulator, the Autorité des Marchés Financiers’ (AMF).&amp; </p><p><a href="https://en.ethereumworldnews.com/binance-cut-employee-benefits-low-profits/">Binance</a> France started operating as a crypto exchange only after registering as a virtual asset service provider (VASP) with the AMF in May last year, followed by another two months of formalities to onboard the French users. However, the exchange had started incurring expenses as early as November 2021, which led to 14 months of expenses being recorded in the financial statements. </p><p>If not for the mismatch, Binance stated that its French unit would be profitable in 2022. The exchange clarified that the international platform was profitable and that the French unit would also turn profitable in 2023.&amp; &amp; </p>]]></description><link>https://m.coinsnews.com/binances-french-arm-reports-a-loss-of-4-million-in-2022</link><guid>600518</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/shutterstock_2244227257-770x514.jpg</dc:content ><dc:text>Binance’s French Arm Reports A Loss of €4 Million In 2022</dc:text></item><item><title>Sanctioned Crypto Exchanges Processed $32 Million In Payment To Fentanyl Merchants</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-770x385.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="crypto exchanges" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-770x385.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-500x250.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-746x373.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Sanctioned Crypto Exchanges Processed $32 Million In Payment To Fentanyl Merchants 22"><ul><li>Elliptic&#8217;s report identified payments to Russian crypto exchange Garantex and an unnamed Australian platform for fentanyl products worth billions in street value.</li><li>The report estimates that these platforms received roughly $50 million in Bitcoin and Tether&#8217;s stablecoin USDT.</li><li>At least 100 Merchants accept crypto payments for fentanyl ingredients as a means to evade sanctions and export restrictions.</li></ul><p>Fentanyl precursor merchants in China are utilizing centralized crypto exchanges in Russia and Australia to accept digital payments in a bid to evade sanctions, a report from blockchain analytics shop <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.elliptic.co/hubfs/Elliptic_Report_Crypto%20and%20the%20Global%20Fentanyl%20Trade.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.elliptic.co/hubfs/Elliptic_Report_Crypto%20and%20the%20Global%20Fentanyl%20Trade.pdf" rel="noreferrer noopener nofollow">Elliptic</a> said. </p><p>The study identified two crypto exchanges &#8211; U.S.-sanctioned Russian platform Garantex and an unnamed Australian exchange &#8211; that have served as payment gateways for merchants in China offering precursor chemicals and pill presses required to produce Fentanyl.</p><p>Elliptic&#8217;s study on crypto&#8217;s use in the fentanyl supply chain comes at a time when the deadly synthetic opioid is causing massive public health issues in the United States, Europe, and the world at large.</p><p>Despite China&#8217;s fentanyl export restrictions, the study revealed that savvy operators have found ways to smuggle precursor chemicals overseas. Tactics include using disguised packaging, such as dog food or car wash detergent, and leveraging established carriers who may not frequently verify package contents.</p><h2>Crypto Exchanges Funnel $50 Billion In Street-Valued Fentanyl Ingredients</h2><p>According to the report, transactions to Bitcoin addresses, and USDT addresses on Tron and Ethereum blockchains were identified. In total, these addresses received $32 million in crypto for fentanyl precursor chemicals. </p><p>Elliptic estimates that if all these funds were used to buy fentanyl products, the goods could produce as much as $50 billion in drug proceeds factoring in street value. </p><p>The report was released amid a global crackdown on questionable crypto exchanges suspected to be money laundering intermediaries. In January, U.S. authorities <a href="https://www.forbes.com/sites/mariagraciasantillanalinares/2023/01/18/justice-department-shuts-down-700-million-russian-crypto-exchange/?sh=72806ed427c7" target="_blank" data-type="URL" data-id="https://www.forbes.com/sites/mariagraciasantillanalinares/2023/01/18/justice-department-shuts-down-700-million-russian-crypto-exchange/?sh=72806ed427c7" rel="noreferrer noopener">sanctioned</a> and shut down an almost unknown Russian exchange called Bizlato on money laundering suspicions. Investigators also <a href="https://en.ethereumworldnews.com/binance-bitcoin-transactions-bitzlato/" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-bitcoin-transactions-bitzlato/" target="_blank" rel="noreferrer noopener">linked</a> Bizlato to major exchange Binance.</p>]]></description><link>https://m.coinsnews.com/sanctioned-crypto-exchanges-processed-32-million-in-payment-to-fentanyl-merchants</link><guid>600415</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Sanctioned-Crypto-Exchanges-Processed-32-Million-In-Fentanyl-Proceeds-770x385.jpg</dc:content ><dc:text>Sanctioned Crypto Exchanges Processed $32 Million In Payment To Fentanyl Merchants</dc:text></item><item><title>FTX Files To Recover $1 Billion From SBF And His Former Executives</title><description><![CDATA[<img width="736" height="490" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg 736w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style-269x179.jpg 269w" sizes="(max-width: 736px) 100vw, 736px" title="FTX Files To Recover $1 Billion From SBF And His Former Executives 22"><ul><li>FTX lawyers said that founder Sam Bankman-Fried and other executives used customer cash to fund personal their lifestyles.</li><li>Bankman-Fried and members of his inner circle like Caroline Elisson, and Nishad Singh spent $1 billion funding stock buys, property purchases, and fraudulent loans.</li><li>SBF is facing criminal charges from the DOJ while Ellison and Singh agreed to plea deals in America’s largest fraud case.</li></ul><p>FTX Trading Ltd filed a lawsuit against founder Sam Bankman-Fried and other company executives, seeking to recover $1 billion of customer cash misused for personal benefits, <a href="https://www.reuters.com/legal/ftx-sues-bankman-fried-others-recoup-fraudulent-transfers-2023-07-20/" target="_blank" data-type="URL" data-id="https://www.reuters.com/legal/ftx-sues-bankman-fried-others-recoup-fraudulent-transfers-2023-07-20/" rel="noreferrer noopener nofollow">Reuters</a> reported.</p><p>Lawyers submitted court documents on July 20 claiming that the defendants stole customer assets to fund political donations, loans to executives, and luxury apartments. The suit named former CEO Bankman-Fried, ex-Alameda CEO Caroline Ellison, co-founder Gary Wang and former Lead Engineer Nishad Singh as defendants.</p><p>According to lawyers of the bankrupt crypto exchange, Singh received $447 million in a supposed loan from FTX and Alameda but there was no intention to repay.</p><p>The defendants received at least $725 million in equity for shares that were never paid for, per the filing. Lawyers also alleged that Bankman-Fried’s brother Gabriel planned to acquire the island nation of Nauru.</p><p>Furthermore, the beleaguered exchange sent tens of millions for real estate purchases and legal fees to SBF’s dad, Allen Joe Bankman. Separate lawsuits seek to recover $71.5 million and $700 million respectively spent by SBF for <a href="https://en.ethereumworldnews.com/ftx-71-million-recovery-sbfs-sham-ngo/" data-type="URL" data-id="https://en.ethereumworldnews.com/ftx-71-million-recovery-sbfs-sham-ngo/" target="_blank" rel="noreferrer noopener">personal aggrandizement</a> prior to FTX&#8217;s collapse in November 2022.</p><h2>FTX Debacle Continues</h2><p>In other related news, the U.S. Department of Justice asked a court to ban &#8220;extrajudicial statements&#8221; made by defendants and witnesses after FTX founder Bankman-Fried reportedly leaked Caroline Ellison&#8217;s private diary to the press. </p><p>Ellison who led SBF&#8217;s hedge fund and FTX sister firm Alameda Research agreed to a plea deal with federal prosecutors. Singh was also in talks with DOJ attorneys over a possible deal. </p><p>While bankruptcy administrators track down stolen customer cash and prosecutors levy charges against former company leadership for wrongdoing, crypto observers remain puzzled about the whereabouts of known FTX executive Sam Trabucco and his noticeable omission from court proceedings. </p>]]></description><link>https://m.coinsnews.com/ftx-files-to-recover-1-billion-from-sbf-and-his-former-executives</link><guid>600358</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/FTX-bankruptcy-documents-reveal-lack-of-dependable-corporate-records-and-unconventional-leadership-style.jpg</dc:content ><dc:text>FTX Files To Recover $1 Billion From SBF And His Former Executives</dc:text></item><item><title>Coindesk Nears $125 Million Sale Amid Parent DCG’s Financial Woes</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-5.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coindesk Nears $125 Million Sale Amid Parent DCG&#039;s Financial Woes 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-5.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-5-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="Coindesk Nears $125 Million Sale Amid Parent DCG&#039;s Financial Woes 21"><ul><li>A consortium of investors is in the final stages of acquiring crypto news outlet CoinDesk.&amp; </li><li>CoinDesk is owned by the Digital Currency Group (DCG), which is currently embroiled in a lawsuit with its creditors.&amp; </li><li>Coindesk has been on the market since January 2023, following instability at its parent company.&amp; </li><li>Crypto exchange Binance was previously looking to acquire the crypto news website for around $75 million.&amp; </li></ul><p>A consortium of investors is reportedly in the final stages of purchasing CoinDesk, which is one of the largest crypto news outlets in the world. Owned by Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), CoinDesk has been on the market since January 2023, following financial instability at its parent company.&amp; </p><h2><strong>DCG Plans To Retain A Stake In CoinDesk Post Sale</strong></h2><p>According to a report by The Wall Street Journal, the consortium of investors is led by Matthew Roszak of blockchain-focused venture capital firm Tally Capital, and Peter Vessenes from Captial6, a venture capital and private equity firm. People familiar with the matter revealed that the deal, which is valued at $125 million, is in the final stages.&amp; </p><p>CoinDesk’s parent company Digital Currency Group will reportedly retain a stake in the crypto news outlet, which it bought for $500,000 in 2016. DCG’s stake would cover media, events, data, and index business. As per <a href="https://www.wsj.com/articles/investor-group-nears-125-million-deal-for-coindesk-146a6faa" rel="noopener">WSJ</a>, the current management is expected to be retained by CoinDesk’s new owners. </p><p>Earlier this year, CoinDesk hired investment bank Lazard Ltd to explore a partial or full sale. At the time, CEO Kevin Worth revealed that the company had received “numerous inbound indications of interest”. One of these was from crypto giant <a href="https://en.ethereumworldnews.com/binance-cut-employee-benefits-low-profits/">Binance</a>, which was looking to acquire CoinDesk for about $75 million. The offer was considerably less than early estimates, which indicated that the crypto news website could fetch as much as $300 million. </p><p>CoinDesk went on the market right around the time when DCG’s subsidiary Genesis filed for Chapter 11 bankruptcy. At the time, DCG was facing allegations of financial discrepancies surrounding its liability to subsidiaries like Genesis. Earlier this month, DCG and its founder Barry Silbert were sued for fraud by the Winklevoss-owned crypto exchange Gemini, adding to the company’s woes.&amp; </p>]]></description><link>https://m.coinsnews.com/coindesk-nears-125-million-sale-amid-parent-dcgs-financial-woes</link><guid>600182</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-5.jpg</dc:content ><dc:text>Coindesk Nears $125 Million Sale Amid Parent DCG’s Financial Woes</dc:text></item><item><title>RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital 21"><ul><li>Binance’s investment arm has invested $10 million in DeFi lending protocol Radiant Capital.&amp; </li><li>Radiant Capital’s native token RDNT gained more than 10% following the multi-million dollar investment by Binance.&amp; </li><li>The DeFi lender plans to use the investment for technology and product development.&amp; </li></ul><p>Binance Labs, the investment and incubation arm of the world’s largest crypto exchange, has invested $10 million in the DeFi lending protocol Radiant Capital. Radiant is a decentralized lender built atop Layer Zero Labs, a part of Binance Labs&#8217; portfolio firms. The DeFi protocol aims to connect users from different chains enabling greater access to liquidity. </p><h2><strong>Binance’s Funding To Help Radiant Capital’s Ethereum Mainnet Deployment</strong></h2><p>According to a <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-invests-$10-million-in-radiant-to-support--its-mission-to-lead-the-next-era-of-defi-lending-1438479277678345894" rel="nofollow noopener">blog post</a> by Binance, the $10 million raised in Radiant’s strategic funding round will foster the DeFi lender’s tech and product development, paving the way for its expansion on oracle support, dual-emissions support, and collateral expansion. The funds will also help the protocol’s deployment on the Ethereum mainnet. Radiant Capital aims to onboard the next 100 million users into decentralized finance through these developments. </p><blockquote class="wp-block-quote"><p>“Radiant Capital&#8217;s commitment to facilitating seamless cross-chain transactions for DeFi, and performance on Arbitrum and BNB Chain demonstrates its potential for driving mass adoption. We look forward to seeing Radiant&#8217;s continued growth and further contributions to the ecosystem.&#8221; </p><cite>Yi He, Co-Founder of Binance </cite></blockquote><p>Radiant currently supports more than 20 collateral options and plans to expand its cross-chain functionality to additional chains. Data from <a href="https://defillama.com/protocol/radiant" rel="nofollow noopener">DeFiLllama</a> shows that Radiant has more than $262 million in total value locked (TVL). In the BNB ecosystem, Radiant is the second largest lending protocol, with a TVL of $73.5 million. The DeFi lender’s bridges are built on the Delta algorithm of Layer Zero, which raised $120 million in a Series B funding round in April this year. </p><p>News of Binance Labs&#8217; investment in Radiant led to a 10% in its native token <a href="https://coinmarketcap.com/currencies/radiant-capital/" rel="nofollow noopener">RDNT</a>, which reached as high as $0.319 earlier today. At the time of writing, RDNT was trading at a 3-week high of $0.308. The token’s daily trading volume surged 331% to $79 million. </p><p>Binance Labs&#8217; investment in Radiant Capital comes a week after it <a href="https://en.ethereumworldnews.com/binance-lab-invest-15-million-xterio-game/">invested</a> $15 million in web3 gaming startup Xterio. </p>]]></description><link>https://m.coinsnews.com/rdnt-up-10-after-binance-labs-invests-10-million-in-radiant-capital</link><guid>600133</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/preview-770x404.jpg</dc:content ><dc:text>RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital</dc:text></item><item><title>Terra And Do Kwon Argue “Torres Doctrine” In Bid To Dismiss SEC Lawsuit</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Terra And Do Kwon Argue &quot;Torres Doctrine&quot; In Bid To Dismiss SEC Lawsuit 21"><ul><li>Terra and Do Kwon&#8217;s legal team argued that the recent ruling in the case of US SEC v. Ripple Labs directly impacts their motion to dismiss.</li><li>The SEC sued Do Kwon and his company for selling unregistered securities namely UST, LUNA, wLUNA, and MIR.</li><li>Judge Analisa Torres ruled that cryptocurrency sales to retail investors on exchanges do not qualify as an investment contract i.e. a security.</li></ul><p>Terraform Labs and Do Kwon&#8217;s legal <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.47.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.47.0.pdf" rel="noreferrer noopener nofollow">filed </a>a motion to dismiss the U.S. Securities and Commission (SEC) lawsuit alleging securities violations. Lawyers for founder Do Kwon and his company cited the recent summary judgment by Judge Analisa Torres in the Ripple vs SEC case.</p><p>Their legal team, represented by Dentons, argues that the recent <a href="https://en.ethereumworldnews.com/xrp-up-exchanges-resume-trading-ripple/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/xrp-up-exchanges-resume-trading-ripple/" rel="noreferrer noopener">ruling in the case of US SEC v. Ripple Labs</a>, delivered by Judge Analisa Torres, directly impacts their motion to dismiss.</p><p>According to the SEC, cryptocurrencies like UST, LUNA, wLUNA, MIR, and mAssets fall under the category of securities. However, the Ripple case demonstrates the SEC&#8217;s lack of legal grounds to claim that all cryptocurrencies, except for Bitcoin, are securities. </p><p>The defense highlighted distinctions between programmatic sales of digital assets which are not considered securities and institutional sales which are treated as securities under investment contracts per &#8220;Torres Doctrine&#8221;. </p><p>Furthermore, the defense for Terra and Do Kwon asserts that the SEC did not allege any direct or secondary market sales of UST. Lawyers filed a supplemental authority citing the Ripple judgment in a bid to throw out the SEC&#8217;s case against Terra and its founder alleging fraud and securities rulebreaking. </p><h2>New Terra CEO, Do Kwon in Jail</h2><p>The motion comes at amid a shift in company leader after Terraform <a href="https://en.ethereumworldnews.com/do-kwon-terraform-labs-appoints-new-ceo/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-terraform-labs-appoints-new-ceo/" rel="noreferrer noopener">appointed </a>Chris Amani as CEO. Meanwhile, founder and former CEO Do Kwon sits in a Balkan prison <a href="https://en.ethereumworldnews.com/do-kwon-4-month-montenegro-forgery/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-4-month-montenegro-forgery/" rel="noreferrer noopener">serving a 4-month sentence</a> for forgery and awaiting news of his possible extradition to his country South Korea, or the U.S.</p><p>If tried and convicted of breaking South Korea&#8217;s Capital Markets Act, Do Kwon could spend 40 years in prison. The U.S. Justice Department also hopes to try Kwon on criminal charges in a federal court.</p>]]></description><link>https://m.coinsnews.com/terra-and-do-kwon-argue-torres-doctrine-in-bid-to-dismiss-sec-lawsuit</link><guid>600134</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg</dc:content ><dc:text>Terra And Do Kwon Argue “Torres Doctrine” In Bid To Dismiss SEC Lawsuit</dc:text></item><item><title>FTX Bankruptcy Team Eyes $71 Million Recovery From SBF’s Sham Science Fund</title><description><![CDATA[<img width="770" height="770" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-500x500.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-293x293.png 293w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="FTX Bankruptcy Team Eyes $71 Million Recovery From SBF&#039;s Sham Science Fund 21"><ul><li>FTX administrators filed that the funds were deployed for Sam Bankman-Fried&#8217;s &#8220;personal aggrandizement&#8221; rather than actual scientific advancements and innovation.</li><li>Bankman-Fried&#8217;s NGO Latona received over $71 million from the crypto exchange and sister firm Alameda Research between February and October 2022.</li><li>The bankrupt crypto firm had recovered $5 billion in customer cash and cryptocurrencies as of January 2023, lawyers for the exchange said.</li></ul><p>Bankruptcy CEO John Ray and the FTX bankruptcy team filed to recover millions in customer funds redirected to Sam Bankman-Fried&#8217;s Latona, a Bahamas-based non-profit organization focused on supporting scientific innovation. </p><p>The crypto exchange and sister firm Alameda Research transferred $71.5 million to the FTX Foundation and SBF&#8217;s NGO Latona which then invested the money in life science companies like Lumen Bioscience, Genetic Networks, and GreenLight Biosciences.</p><p>Lawyers for the bankrupt crypto exchange <a href="https://restructuring.ra.kroll.com/FTX/Home-DocketInfo" target="_blank" data-type="URL" data-id="https://restructuring.ra.kroll.com/FTX/Home-DocketInfo" rel="noreferrer noopener nofollow">argued</a> that Latona was a sham NGO touted to serve altruistic purposes when in reality, the firm used commingled funds from Alameda and FTX accounts for &#8220;Bankman-Fried’s personal aggrandizement&#8221;. </p><blockquote class="wp-block-quote"><p>While purporting to make these investments for altruistic purposes Bankman-Fried in fact pursued these transactions because he believed that doing so would generate goodwill and amass political capital and influence for himself.</p></blockquote><h2>FTX Fund Recovery</h2><p>Administrators for the bankrupt crypto exchange continue to hunt down misappropriated funds from SBF&#8217;s leadership of FTX and Alameda Research. Lawyers said bankruptcy CEO John Ray and his team had <a href="https://en.ethereumworldnews.com/ftx-5-billion-recovered-in-crypto-assets/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ftx-5-billion-recovered-in-crypto-assets/" rel="noreferrer noopener">recovered</a> $5 billion in customer crypto and funds back in January. </p><p>In June, FTX attorneys filed to recover an additional $700 million transferred to investment shop K5 Global in 2022. The lawsuit alleged that Bankman-Fried transferred millions to K5 Global co-founder Michael Kives and Bryan Baum after attending a party featuring high-profile attended like ex-presidential candidate Hillary Clinton.</p><p>Entities like the New York Metropolitan Museum also plan to return funds <a href="https://en.ethereumworldnews.com/met-museum-new-york-return-ftx-donations/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/met-museum-new-york-return-ftx-donations/" rel="noreferrer noopener">donated</a> by Bankman-Fried&#8217;s companies in a bid to stem legal clawback and bad press. </p>]]></description><link>https://m.coinsnews.com/ftx-bankruptcy-team-eyes-71-million-recovery-from-sbfs-sham-science-fund</link><guid>600060</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png</dc:content ><dc:text>FTX Bankruptcy Team Eyes $71 Million Recovery From SBF’s Sham Science Fund</dc:text></item><item><title>Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter</title><description><![CDATA[<img width="770" height="475" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-770x475.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-770x475.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-300x185.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-1024x631.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-1536x947.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-2048x1262.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-500x308.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-269x166.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-746x460.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-1376x848.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter 21"><ul><li>Tesla Inc.&#8217;s crypto holdings remained unchanged for the fourth consecutive quarter.&amp; </li><li>The crypto assets on the EV giant’s balance sheet are worth $184 million as of June 30, 2023.&amp; </li><li>The company’s digital asset holdings were revealed in the earnings report for the second quarter of FY 2023.&amp; </li><li>Tesla’s last Bitcoin trade was back in Q1’2022 when it offloaded 75% of its BTC holdings.&amp; </li></ul><p>Tesla Inc, the largest electric vehicle manufacturer in the world, has maintained the same crypto holdings for a fourth consecutive quarter. In the earnings report for the second quarter of 2023, the EV giant revealed that it held $184 million worth of digital assets on its balance sheet as of June 30, 2023.&amp; </p><h2><strong>Tesla Stock (TSLA) Tanks 3% Ahead Of Q2 Earnings Report</strong></h2><p>According to the <a href="https://digitalassets.tesla.com/tesla-contents/image/upload/TSLA-Q2-2023-Update.pdf" rel="nofollow noopener">earnings report</a> released by Tesla earlier today, no crypto assets were bought or sold in the second quarter of 2023. The last sale came in the second quarter of 2022 when the EV giant sold 75% of its Bitcoin holdings for $936 million. The latest numbers indicated that the company didn’t cash in on the recent BTC rally that took its price to a 1-year high of $31,000. The company’s share price dropped nearly 3% earlier today. The stock was trading at $291 at market close. </p><p>Tesla’s crypto holdings have remained consistent since the last quarter of 2022. Until September 30, 2022, the carmaker held $218 million worth of digital assets on its balance sheet. The company’s first Bitcoin purchase came in early 2021 when it spent a whopping $1.5 billion on the flagship cryptocurrency. This was followed by a rally in BTC’s price after CEO Elon Musk indicated that customers could purchase his electric vehicles by paying in BTC. However, the ambitious plan was abandoned after Musk cited environmental concerns associated with BTC.&amp; </p><p>Tesla and Elon Musk are currently facing a class action lawsuit filed by investors of Dogecoin. The investors are accusing Musk and his EV company of manipulating the price of the meme token and netting billions at their expense. The lawsuit cited a series of crypto wallets allegedly owned by Tesla; however, the latest response by <a href="https://en.ethereumworldnews.com/elon-musk-offensive-in-dogecoin-lawsuit/">Musk</a> claimed that his EV company was not associated with the wallets listed in the complaint.&amp; </p>]]></description><link>https://m.coinsnews.com/tesla-maintains-crypto-holdings-worth-184-million-for-fourth-consecutive-quarter</link><guid>599889</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/HDQRM7OIIVL4VGTYEQLIIH474U-770x475.jpg</dc:content ><dc:text>Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter</dc:text></item><item><title>Societe Generale’s Crypto Division Obtains France’s First Crypto License</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-770x428.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Societe Generale’s Crypto Division Obtains France’s First Crypto License 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-770x428.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-300x167.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-1024x569.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-1536x854.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-500x278.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-269x149.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-746x415.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-1376x765.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067.jpg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="Societe Generale’s Crypto Division Obtains France’s First Crypto License 20"><ul><li>Societe Generale’s crypto unit has received France’s crypto license under the new regulatory regime.&amp; </li><li>The license will allow SG Forge to offer buying and selling and custody of crypto assets.&amp; </li><li>SG Forge is now recognized as a licensed digital asset service provider in France.&amp; </li><li>The regulatory approval is an important step in the development of the bank’s EURCV stablecoin.&amp; </li></ul><p>Societe Generale, the third largest bank in France, has obtained a license from the country’s top market regulator to offer crypto products and services. The regulatory approval was given to the bank’s crypto division, Societe Generale Forge (SG Forge) by the Autorité des Marchés Financiers’ (AMF), and was the first crypto license granted to a crypto entity in France.&amp; </p><h2><strong>License Will Aid The Development of Societe Generale’s EURCV Stablecoin</strong></h2><p>According to a <a href="https://www.sgforge.com/first-dasp-license-amf/" rel="nofollow noopener">press release</a> by SG Forge, the regulatory license approval from the AMF will allow the firm to offer services, including trading, sales, exchange, and custody of crypto assets in the country. Several mainstream crypto entities, including crypto exchange Binance, are registered with France’s top market regulator, but SG Forge is the first licensed digital asset service provider (DASP) in the country. </p><blockquote class="wp-block-quote"><p>“With the DASP license approval, Societe Generale – FORGE confirms its pioneering role in the crypto assets ecosystem. This step will allow us to continue supporting our institutional clients wishing to benefit from services on digital assets that meet the highest standards of compliance and banking security.” </p><cite>Jean-Marc Stenger, Chief Executive Officer of Societe Generale-FORGE</cite></blockquote><p><a href="https://en.ethereumworldnews.com/french-investment-bank-societe-generale-withdraws-7-million-from-makerdao/">Societe Generale</a> previously registered with the AMF in September last year. As a licensed digital asset service provider, SG Forge will be required to follow local rules related to business conduct, financial disclosures, etc., in the interest of regulatory compliance and investor protection. </p><p>The banking giant stated that the regulatory approval would allow it to be compliant with the recently approved Markets in Crypto Assets (MiCA) rules, which require all crypto firms to be licensed from a European nation by 2025 to operate in the European Union. SG Forge added that the license was an important step for developing its Euro Convertible (EURCV) stablecoin, which was deployed on Ethereum in April this year.</p>]]></description><link>https://m.coinsnews.com/societe-generales-crypto-division-obtains-frances-first-crypto-license</link><guid>599846</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/20230526_Creation-nouvelle-banque-detail-France_1920x1067-770x428.jpg</dc:content ><dc:text>Societe Generale’s Crypto Division Obtains France’s First Crypto License</dc:text></item><item><title>Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Whale" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet 21"><ul><li>This crypto whale wallet has been dormant for over 8 years and received tokens from Ethereum’s initial coin offering in 2015.</li><li>The whale moved 61,216 ETH worth $116 million to an unknown wallet and then to an address linked to the crypto exchange Kraken.</li><li>Ethereum’s ICO sold coins at 31 cents per token, while prices have since climbed to $1900 at press time and previously peaked at $4,878 in November 2021.</li></ul><p>A crypto whale wallet transferred 61,216 Ether tokens received during the 2015 initial coin offering (ICO) to two wallets on Wednesday, per on-chain data. </p><p>The wallet was dormant for over eight years and received the massive holdings from Ethereum&#8217;s Genesis contract, the same smart contract used to distribute tokens to ICO participants. These tokens cost ICO buyers 31 cents per coin at the time and have appreciated in value since then by several folds. </p><h2>Observers Catch Crypto Whale Moving ETH To Kraken Wallet</h2><p>Per on-chain block explorer Ethercan, the crypto whale moved $116 million in crypto from wallet 08b to an unknown wallet. The whale then transferred the funds to a wallet linked to crypto exchange <a href="https://en.ethereumworldnews.com/fbi-raided-kraken-ceo-jesse-powell-home/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/fbi-raided-kraken-ceo-jesse-powell-home/" rel="noreferrer noopener">Kraken</a>. It&#8217;s currently unclear if Kraken plans to offload these assets, stake the coins or deploy them toward other goals.</p><figure class="wp-block-image size-large"><img width="1024" height="482" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-1024x482.png" alt="Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet 11" class="wp-image-583177" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-1024x482.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-300x141.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-770x362.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-269x127.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140-746x351.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-140.png 1331w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet 20"><figcaption><strong><a href="https://etherscan.io/address/0x828d32346ae445ce058923642dd467261e69adae" target="_blank" data-type="URL" data-id="https://etherscan.io/address/0x828d32346ae445ce058923642dd467261e69adae" rel="noreferrer noopener nofollow">Ethereum ICO Whale Moves $116 Million in ETH To Kraken by Etherscan</a></strong></figcaption></figure><p>Transfers from whales &#8211; the term assigned to wallets with large holdings of cryptocurrencies in on-chain addresses &#8211; are not uncommon in crypto. Observers and participants usually monitor these whales as their activity, whether buying, selling, or moving coins around, could impact token prices or market sentiment. </p><p>When crypto whales withdrew huge amounts of a token from an exchange, for example, some might take it as a bullish signal that large holders expect the market to run upwards. </p><p>Conversely, crypto whales depositing a large number of coins on an exchange could signal an incoming sell-off or bearish sentiment.</p>]]></description><link>https://m.coinsnews.com/crypto-whale-from-ico-era-moves-116-million-in-ether-to-kraken-linked-wallet</link><guid>599737</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Whale-From-ICO-Era-Moves-116-Million-In-Ether-To-Kraken-Linked-Wallet-770x513.jpg</dc:content ><dc:text>Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet</dc:text></item><item><title>Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-4.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-4.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-4-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive 21"><ul><li>Terraform Labs has appointed a new CEO while co-founder Do Kwon serves a prison sentence in Montenegro.&amp; </li><li>Former CFO and COO Chris Amani has been tapped to serve as the defunct crypto firm’s new CEO.&amp; </li><li>Amani took over Do Kwon’s role after he disappeared last year but stepped down following Kwon&#8217;s arrest in March 2023.&amp; </li><li>The new CEO has no plans to launch a new stablecoin and is interested in developing products with real utility.&amp; </li></ul><p>Do Kwon’s Terraform Labs has tapped a former executive to serve as its new Chief Executive Officer. The crypto firm behind the crypto contagion of 2022 which wiped $40 billion from the crypto market, has appointed Chris Amani as its new CEO. Amani previously served as Terraform’s Chief Operating Officer and Chief Financial Officer. </p><h2><strong>Terraform Labs Has No Plans To Launch A New Stablecoin</strong></h2><p>According to a report by the <a href="https://www.wsj.com/articles/jailed-crypto-tycoon-do-kwons-company-appoints-new-ceo-d58fa058" rel="noopener">Wall Street Journal</a>, Terraform Labs promoted Chris Amani to the role of Chief Executive while co-founder and former CEO <a href="https://en.ethereumworldnews.com/do-kwon-4-month-montenegro-forgery/">Do Kwon</a> serves a four-month prison sentence in Montenegro. Amani stated in an interview that he had a vision to salvage the company, however, it would be a long-term commitment with considerable challenges along the way. </p><p>Chris Amani reportedly took over the role of CEO last year after Do Kwon disappeared following the crash of UST and LUNA. However, he stepped down from the role in March this year after Kwon was arrested in Montenegro. Terraform said in a statement to WSJ that on May 27, 2023, he also vacated the post of Company Director to focus on “personal legal affairs”.</p><blockquote class="wp-block-quote"><p>We wish Do the best and we hope that he’s able to clear himself of all charges. But while he’s incarcerated and while he’s facing his own legal challenges, it just makes sense for us to continue on without him.” </p><cite>CEO Chris Amani on Do Kwon</cite></blockquote><p>The new CEO clarified that Terraform Labs had no plans to launch a new stablecoin following the dramatic crash of its TerraUSD (UST) stablecoin in May last year. Chris Amani stated that his company would instead focus on different products that would deliver “real utility” for its users. Terraform currently has about 40 employees, 15 of whom were with the firm before last year’s crash.&amp; </p>]]></description><link>https://m.coinsnews.com/do-kwons-terraform-labs-taps-former-cfo-to-serve-as-chief-executive</link><guid>599738</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-4.jpg</dc:content ><dc:text>Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive</dc:text></item><item><title>Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund</title><description><![CDATA[<img width="770" height="488" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-300x190.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-500x317.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-269x170.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-746x473.jpg 746w" sizes="(max-width: 770px) 100vw, 770px" title="Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund 22"><ul><li>Zhe Constance Wang was known as Sam Bankman-Fried’s right hand for fundraising and played an executive role in FTX&#8217;s ascent.</li><li>Wang is not currently facing criminal charges or allegations although she was subpoenaed by federal prosecutors in the case against Bankman-Fried.</li><li>The former crypto exchange exec now leads the gaming division at crypto fund Sino Global, a company whose founder was also associated with SBF.</li></ul><p>Constance Zhe Wang, previously recognized as Sam Bankman-Fried&#8217;s right-hand woman in capital raising, has resurfaced in the crypto space months after crypto exchange FTX collapsed last winter. </p><p>Wang, who played a significant role in FTX&#8217;s ascent, is now leading the gaming division at cryptocurrency fund Sino Global Capital after previous roles at Credit Suisse and Huobi, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-07-19/ex-ftx-chief-operating-officer-constance-wang-joins-vc-firm-sino-global-capital?sref=3REHEaVI" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-19/ex-ftx-chief-operating-officer-constance-wang-joins-vc-firm-sino-global-capital?sref=3REHEaVI" rel="noreferrer noopener nofollow">reported</a>. </p><p>Notably, Sino Global was founded in 2015 by Matthew Graham, another close associate of Bankman-Fried. Matthew reportedly invested in SBF&#8217;s crypto exchange and maintained close ties with the so-called &#8220;effective altruism&#8221; proponent. </p><p>Wang&#8217;s transition to Sino Global marks a new chapter for the former FTX executive, whose previous involvement in running Bankman-Fried&#8217;s crypto empire has not led to any legal implications.</p><p>Despite being subpoenaed by federal authorities in the Bankman-Fried case, Wang has not faced any criminal charges or allegations as of yet. </p><figure class="wp-block-image size-large"><img width="1024" height="681" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-1024x681.jpg" alt="Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund 12" class="wp-image-583170" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-1024x681.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-770x512.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-1536x1022.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-746x496.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg-1376x916.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Constance-Zhe-Wang-from-Bloomberg.jpg 2000w" sizes="(max-width: 1024px) 100vw, 1024px" title="Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund 21"><figcaption><strong>Constance Zhe Wang from Bloomberg</strong></figcaption></figure><h2>Ex Execs Move On From FTX, 3AC, Other Crashed Crypto Businesses</h2><p>Following the collapse of several crypto entities in 2022, former executives have moved on to other ventures amid controversy and media attention. </p><p>Not only Wang but former FTX US President Brett Harrison announced a new venture after SBF&#8217;s crypto exchange blew up last November. Harrison&#8217;s software developer Architect Financial Technologies raised $5 million in seed funding from entities like Coinbase Ventures. </p><p>Three Arrows Capital co-founders Su Zhu and Kyle Davies also started a new crypto exchange focused on trading bankruptcy claims. The platform called <a href="https://en.ethereumworldnews.com/opnx-ecosystem-partner-3ac-ventures/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/opnx-ecosystem-partner-3ac-ventures/" rel="noreferrer noopener">OPNX</a>, an acronym for Open Exchange pulled leaders from other embattled crypto businesses like CoinFLEX and raised $25 million in initial capital.</p>]]></description><link>https://m.coinsnews.com/former-ftx-fundraising-guru-resurfaces-at-sino-global-crypto-fund</link><guid>599739</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg</dc:content ><dc:text>Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund</dc:text></item><item><title>Polygon Team Unveils Revamped Three-Pillar Governance System For Roadmap 2.0</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Polygon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Polygon Team Unveils Revamped Three-Pillar Governance System For Roadmap 2.0 22"><ul><li>The new governance model will feature an ecosystem council as part of a three-pillar framework, Polygon’s blog post noted.</li><li>The re-engineered governance also includes an improved proposal framework and a two-phase community treasury to back exciting projects.</li><li>Today&#8217;s announcement follows shortly after the team disclosed its new native token POL for multichain validation.</li></ul><p>The team behind Ethereum scaling protocol Polygon shared plans for a re-engineered governance system built to bootstrap improved decentralized oversight and community control in its layer 2 ecosystem.</p><p>According to Wednesday&#8217;s <a href="https://polygon.technology/blog/polygon-2-0-governance" target="_blank" data-type="URL" data-id="https://polygon.technology/blog/polygon-2-0-governance" rel="noreferrer noopener nofollow">blog post</a>, the new governance model aims to merge Polygon&#8217;s underlying ethos with a community-centered approach to expanding the burgeoning layer 2 network based on Ethereum&#8217;s battle-hardened framework. </p><blockquote class="wp-block-quote"><p>The Polygon technology already expands Ethereum’s blockspace; the proposed governance framework seeks to extend Ethereum’s ethos and the proven model for building a flourishing community. </p></blockquote><p>The revamped governance is built on three pillars the team said including an overhauled Polygon Improvement Proposal (PIP) structure, an ecosystem council dedicated to smart contract upgrades, and a two-phase community treasury to back exciting native projects. </p><p>&#8220;The separation of powers and competencies will allow for scalable and efficient governance mechanisms that minimize and compartmentalize the overall governance process.&#8221; the team emphasized in today&#8217;s blog post. </p><h2>Polygon Roadmap 2.0</h2><p>The new &#8220;three pillar governance&#8221; framework is a part of the team&#8217;s strategy for developing a network of Layer 2 chains built on zero-knowledge or zk technology. Roadmap 2.0 is said to set Polygon apart from other layer 2 networks with features like Supernets and a new token capable of multichain validation. </p><p>Indeed, the team <a href="https://en.ethereumworldnews.com/polygon-transition-matic-tokens-pol/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/polygon-transition-matic-tokens-pol/" rel="noreferrer noopener">announced</a> a new coin dubbed POL that would replace its initial native token MATIC. The introduction of POL is currently under community review and users will have no less than four years to offload their old MATIC tokens if the proposal is approved. </p>]]></description><link>https://m.coinsnews.com/polygon-team-unveils-revamped-three-pillar-governance-system-for-roadmap-20</link><guid>599681</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Polygon-Team-Unveils-Revamped-Three-Pillar-Governance-System-For-Roadmap-2.0-770x433.png</dc:content ><dc:text>Polygon Team Unveils Revamped Three-Pillar Governance System For Roadmap 2.0</dc:text></item><item><title>Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme</title><description><![CDATA[<img width="297" height="170" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-3.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-3.jpg 297w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-3-269x154.jpg 269w" sizes="(max-width: 297px) 100vw, 297px" title="Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme 22"><ul><li>The Manhattan federal court has sentenced EminiFX CEO Eddy Alexandre to nine years in prison.&amp; </li><li>Alexandre defrauded over 25,000 investors out of $248 million through his crypto and forex platform.&amp; </li><li>The sentence came more than four months after the crypto fraudster pled guilty to commodities fraud.&amp; </li></ul><p>The Manhattan federal court has handed EminiFX founder and CEO Eddy Alexandre a nine-year sentence for perpetrating a <a href="https://en.ethereumworldnews.com/crypto-leaders-ripple-xrp-sec-judgement/">crypto</a> ponzi scheme and netting hundreds of millions of dollars from thousands of investors. The sentence came more than four months after Alexandre pled guilty to commodities fraud earlier this year. </p><h2><strong>Over 25,000 Investors Defrauded Through Crypto &amp; Forex Platform</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-18/crypto-fund-fraudster-gets-nine-years-for-249-million-scheme" rel="nofollow noopener">Bloomberg</a>, U.S. District Judge John Cronan sentenced Eddy Alexandre to nine years in prison for perpetrating a ponzi scheme and defrauding over 25,000 investors out of more than $248 million through his crypto and forex platform. The EminiFX CEO previously agreed to forfeit $248.8 million as part of his plea deal. </p><p>Alexandre managed to net over $248 million between September 2021 and May 2022. He lured more than 25,000 investors by offering attractive returns of 5% per week. However, the crypto and forex platform was operated as a multilevel marketing scheme, where old investors were encouraged to get new users for the platform.&amp; </p><blockquote class="wp-block-quote"><p>Most egregiously, Alexandre recruited many of his investors by exploiting his position of trust within his church and the Haitian community, even going so far as to enlist members of the church to help recruit EminiFX investors.” </p><cite>Damian Williams, the U.S Attorney for the Southern District of New York</cite></blockquote><p>As per a <a href="https://www.justice.gov/usao-sdny/pr/ceo-cryptocurrency-and-forex-trading-platform-sentenced-nine-years-prison-240-million" rel="nofollow noopener">press release</a> by the United States Department of Justice, Eddy Alexandre invested a fraction of the money entrusted to him. However, the limited investments blew up, leading to millions of dollars in losses. He also diverted approximately $14.7 million to his personal bank account and splurged over $155,000 of customer funds to buy a BMW for himself. His lavish spending also included a $13,000 payment to Mercedes Benz. </p>]]></description><link>https://m.coinsnews.com/crypto-fraudster-sentenced-to-nine-years-for-248-million-ponzi-scheme</link><guid>599564</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-3.jpg</dc:content ><dc:text>Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme</dc:text></item><item><title>Nevada Court Orders Prime Trust To Be Put Into Receivership</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-770x403.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Nevada Court Orders Prime Trust To Be Put Into Receivership 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-770x403.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-1024x536.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-1536x804.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-2048x1072.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-500x262.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-746x391.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-1376x720.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Nevada Court Orders Prime Trust To Be Put Into Receivership 20"><ul><li>A Nevada court has ordered crypto custodian Prime Trust to be put into receivership.&amp; </li><li>The former CEO of the Bank of Nevada has been appointed as the troubled custodian’s receiver.&amp; </li><li>The crypto custodian currently owes more than $85 million in fiat and digital assets to its clients.&amp; </li><li>The receivership comes amid a cash shortage and allegations of misappropriation of customer funds.&amp; </li></ul><p>Crypto custody firm Prime Trust has been placed into receivership by a Nevada court less than a month after a state regulator ordered the troubled firm to suspend operations. The latest development comes over a year and a half after the firm reportedly lost access to some of the wallets that stored crypto assets belonging to its clients. State regulators have accused the custodian of misappropriating customer funds.&amp; </p><h2><strong>Former Bank of Nevada CEO Appointed As Prime Trust’s Receiver</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-18/troubled-crypto-firm-prime-trust-put-into-receivership-in-nevada#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, the Eighth Judicial District Court of Nevada ordered Las Vegas-based Prime Trust into receivership after the Nevada Financial Institutions Division requested the appointment of a receiver citing insufficient funds to meet customer withdrawal demands. Former Bank of Nevada CEO John Guedry was appointed as the receiver of the embattled crypto custodian. </p><p>Guedry will oversee the day-to-day operations of Prime Trust and make decisions in the best interest of its clients. As the receiver, the former Bank of Nevada executive is not authorized to approve any expenses over $500,000 without getting the court’s approval. The next hearing for this matter has been scheduled for August 2023.&amp; </p><blockquote class="wp-block-quote"><p>The Court, having reviewed the points and authorities along with relevant exhibits filed in support of the Petition, including the consent of Respondent, finds good cause to grant the Petition.” </p><cite>Nevada court on the petition for receivership</cite></blockquote><p>The receivership of Prime Trust comes less than one month after an acquisition deal with rival crypto custodian BitGo fell apart. This was followed by an <a href="https://en.ethereumworldnews.com/prime-trust-suspend-withdrawal-bitgo-deal/">order</a> from the Nevada Financial Institution Division, directing the troubled custodian to shut down operations. The crypto custodian currently owes its clients more than $85 million in fiat and digital assets. Court filings showed that the firm had less than $3 million left. </p>]]></description><link>https://m.coinsnews.com/nevada-court-orders-prime-trust-to-be-put-into-receivership</link><guid>599513</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/JPEG_Logo___Prime_Trust_Logo_1_Color_RGB_Logo-770x403.jpg</dc:content ><dc:text>Nevada Court Orders Prime Trust To Be Put Into Receivership</dc:text></item><item><title>Celsius To Settle Bankruptcy Case With Shareholders By Paying $25 Million</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-6.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius To Settle Bankruptcy Case With Shareholders By Paying $25 Million 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-6.jpg 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-6-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-6-269x141.jpg 269w" sizes="(max-width: 310px) 100vw, 310px" title="Celsius To Settle Bankruptcy Case With Shareholders By Paying $25 Million 22"><ul><li>Celsius has won court approval to settle the bankruptcy fight with its preferred shareholders.&amp; </li><li>The bankrupt crypto lender will pay $25 million instead of prolonging the lawsuit potentially costing it $600 million.&amp; </li><li>Preferred shareholders had sued the lender last year over repayment priorities following clawbacks and asset sales.&amp; </li><li>The settlement comes a week after Celsius settled with two large preferred shareholders over mining asset claims.&amp; </li></ul><p>The <a href="https://en.ethereumworldnews.com/ftx-celsius-claims-live-on-open-exchange/">Celsius</a> Network has received the bankruptcy court’s nod to proceed with a deal that will put an end to one of its longest-running legal battles in its Chapter 11 proceedings. The bankrupt crypto lender is set to settle a lawsuit filed by its preferred shareholders amid its bankruptcy case. The shareholders had sued the lender in September last year to stake their claim in its bankruptcy payouts. </p><h2><strong>Celsius’ CEL Token Jumps 14% After Settlement News</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-18/celsius-approved-to-pay-shareholders-25-million-in-bankruptcy?srnd=cryptocurrencies-v2#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, Judge Martin Glen of the U.S. Bankruptcy Court for the Southern District of New York approved Celsius’ deal to settle the case by paying $25 million to the owners of its preferred stock. Company attorney Christopher S. Koenig revealed in the court hearing earlier today that prolonging the legal battle would have added to the bankrupt crypto lender’s legal bills. He added that the lender could’ve owed as much as $600 million to the preferred shareholders in the event of a defeat. </p><p>The settlement deal comes more than nine months after the preferred shareholders initially sued the bankrupt crypto lender to ensure the clawbacks of their investments as well as lay claim to the proceeds of asset sales. At the time, the shareholders expressed their concerns about the Chapter 11 proceedings being heavily focused on retail customers rather than the initial investors.&amp; </p><p>As per the settlement deal, equity investors who wish to extract further funds from the Celsius Network are free to pursue litigation in the bankruptcy court. The $25 million payment will reportedly be made using the proceeds of one of Celsius’ crypto service businesses. The bankrupt platform’s native token CEL jumped over 14% following the news of the settlement deal.&amp; </p>]]></description><link>https://m.coinsnews.com/celsius-to-settle-bankruptcy-case-with-shareholders-by-paying-25-million</link><guid>599454</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-6.jpg</dc:content ><dc:text>Celsius To Settle Bankruptcy Case With Shareholders By Paying $25 Million</dc:text></item><item><title>Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Arkham" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70.jpg 834w" sizes="(max-width: 770px) 100vw, 770px" title="Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70 23"><ul><li>Participants in the Arkham public token sale locked up $2.4 billion in BNB for allocation in ARKM 50 million token supply on Binance Launchpad.</li><li>Trading volume for the token surpassed $100 million across USDT, TRY, BNB, TUSD, and BTC pairs on Binance.</li><li>More than 30,000 wallets have claimed ARKM airdropped tokens with the largest wallet receiving 250,000 tokens</li><li>Today also marks the debut of Arkham&#8217;s much-debated Intel Exchange.</li></ul><p>The ARKM token chalked up 14x returns for public sale participants of Binance&#8217;s 32nd launch pad token as Arkhram&#8217;s coin opened trading above $0.70 on the crypto exchanges. </p><p>Users deposited $2.4 billion in Binance&#8217;s BNB between July 11 and July 17 for a piece of ARKM&#8217;s 50 million token allocation during the launchpad public sale. The token is also tradable on decentralized exchange Uniswap and centralized crypto exchange Bybit.</p><p>ARKM trading volume crossed $100 million on Binance a few hours after trading opened on Tuesday, per Coingecko data. The blockchain intelligence provider also opened airdrop token claims for beta testers and early adopters of its platform. </p><p>A Dune Analytics dashboard from TheOnChainDataNerd <a href="https://dune.com/the_datanerd/arkham-intelligence" target="_blank" data-type="URL" data-id="https://dune.com/the_datanerd/arkham-intelligence" rel="noreferrer noopener nofollow">showed</a> that over 30,000 wallets had claimed more than 19 million ARKM tokens minutes after the airdrop began. One of the top wallets which received 250,000 of Arkham&#8217;s coins sold most of its holdings almost immediately on Uniswap. </p><figure class="wp-block-image size-large"><img width="1024" height="356" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-1024x356.png" alt="Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70 15" class="wp-image-583144" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-1024x356.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-300x104.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-770x268.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-269x93.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138-746x259.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-138.png 1341w" sizes="(max-width: 1024px) 100vw, 1024px" title="Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70 22"><figcaption><strong><a href="https://www.coingecko.com/en/coins/arkham" target="_blank" data-type="URL" data-id="https://www.coingecko.com/en/coins/arkham" rel="noreferrer noopener nofollow">Arkham (ARKM) by Coingecko</a></strong></figcaption></figure><p>Another top address deposited 240,000 tokens on Binance before selling. ARKM&#8217;s total supply is 1 billion tokens with 15% in circulation. The remaining 85% or 850 million tokens will be unlocked in tranches during an eight-year vesting period. </p><h2>Arkham Intel Exchange</h2><p>The <a href="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" rel="noreferrer noopener">Arkham Intel Exchange</a> set to go live today July 18 was a moot topic after the blockchain insight shop announced its &#8220;intel-to-earn&#8221; platform. Some argued the ethics behind monetizing private data sharing in a supposed &#8220;dox-to-earn&#8221; model. </p><p>Arkham moved to quell concerns by emphasizing that only public on-chain intel would be tradable on the exchange. </p>]]></description><link>https://m.coinsnews.com/arkham-trading-volume-on-binance-crosses-100-million-arkm-price-opens-above-070</link><guid>599455</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Trading-Volume-On-Binance-Crosses-100-Million-ARKM-Price-Opens-Above-0.70-770x513.jpg</dc:content ><dc:text>Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70</dc:text></item><item><title>SEC To Assess Valkyrie’s Spot Bitcoin ETF Application</title><description><![CDATA[<img width="770" height="491" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-770x491.png" class="webfeedsFeaturedVisual wp-post-image" alt="spot Bitcoin ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-770x491.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-300x191.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-1024x653.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-500x319.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-269x171.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-746x476.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="SEC To Assess Valkyrie&#039;s Spot Bitcoin ETF Application 24"><ul><li>The Securities and Exchange Commission added Valkyrie&#8217;s spot Bitcoin ETF application to its official docket, signaling an official review of the filing.</li><li>Other institutions and the public have 21 days to submit their comments on the possible impacts of Valkyrie&#8217;s filing, per the commission&#8217;s deadline.</li><li>Valkyrie refiled its Bitcoin exchange-traded fund application after wall street titan BlackRock submits its own application on June 15.</li><li>The asset manager named Coinbase as its surveillance partner in a July 5 filing after the SEC deemed previous submissions inadequate.</li></ul><p>The Federal Register of the U.S. Securities and Exchange Commission shows that a second spot Bitcoin ETF filing was <a href="https://www.sec.gov/rules/sro/nasdaq.htm#SR-NASDAQ-2023-019" data-type="URL" data-id="https://www.sec.gov/rules/sro/nasdaq.htm#SR-NASDAQ-2023-019" target="_blank" rel="noreferrer noopener nofollow">added</a> for official review. Indeed, Valkyrie&#8217;s submission to list a Bitcoin exchange-traded fund on the NASDAQ is now listed on the commission&#8217;s calendar. </p><p>The SEC also accepted the iShares Bitcoin Trust for review on July 13.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="828" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137.png" alt="SEC To Assess Valkyrie&#039;s Spot Bitcoin ETF Application 14" class="wp-image-583139" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137.png 828w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137-300x155.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137-770x398.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137-269x139.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Screenshot-137-746x386.png 746w" sizes="(max-width: 828px) 100vw, 828px" title="SEC To Assess Valkyrie&#039;s Spot Bitcoin ETF Application 23"><figcaption><strong>spot Bitcoin ETFs Under SEC Review</strong></figcaption></figure></div><p>Valkyrie is one of several financial juggernauts like BlackRock in the race to offer U.S. customers access to a fund that invests directly in Bitcoin. The company&#8217;s ETF named the Valkyrie Bitcoin Fund under the proposed ticker &#8216;BRRR&#8217; &#8211; a nod to a meme about mimicking the sound of money printing &#8211; was added to the SEC&#8217;s docket on July 17.</p><p>According to the SEC&#8217;s review procedure, a 21-day comment period has opened for Valkyrie&#8217;s application. During this time, other institutions and the public are welcome to submit opinions on how Valkyrie&#8217;s spot Bitcoin ETF might impact financial markets, the fund&#8217;s risk to investors, and other possible outcomes should the SEC approve the application. </p><h2>Spot Bitcoin ETF Marathon</h2><p>Valkyrie&#8217;s resubmission was an update to its original ETF filed in 2021. The amended application filed on July 21 named Coinbase as its partner for a contentious market surveillance agreement shortly after wall street titan BlackRock opened the floodgate with its own spot Bitcoin ETF filing on June 15. </p><p>Since BlackRock&#8217;s move, other would-be ETF issuers like WisdomTree, Fidelity, and Invesco have made a punt with their own respective applications. Former SEC Chair Jay Clayton <a href="https://en.ethereumworldnews.com/former-sec-chair-jay-clayton-bullish-on-bitcoin-etf-approval/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/former-sec-chair-jay-clayton-bullish-on-bitcoin-etf-approval/" rel="noreferrer noopener">opined bullish sentiment</a> regarding the chances of a successful filing from at least one of these players.</p>]]></description><link>https://m.coinsnews.com/sec-to-assess-valkyries-spot-bitcoin-etf-application</link><guid>599327</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-To-Assess-Valkyries-Spot-Bitcoin-ETF-Application-770x491.png</dc:content ><dc:text>SEC To Assess Valkyrie’s Spot Bitcoin ETF Application</dc:text></item><item><title>Elon Musk Goes On The Offensive Against Attorney In Dogecoin Lawsuit</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Elon Musk Goes On The Offensive Against Attorney In Dogecoin Lawsuit 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image.webp 1248w" sizes="(max-width: 770px) 100vw, 770px" title="Elon Musk Goes On The Offensive Against Attorney In Dogecoin Lawsuit 24"><ul><li>Tesla and Elon Musk have gone on the offensive against the lawyer representing the Dogecoin plaintiffs.&amp; </li><li>A new filing by Musk claimed that the plaintiff’s lawyer knew that his premise of the case was false.&amp; </li><li>Musk and Tesla stated in the filing that the wallets associated with the DOGE sales did not belong to them.&amp; </li><li>Dogecoin tanked more than 7% on the day that Musk and Tesla submitted their filing.&amp; </li></ul><p>Elon Musk and Tesla Inc. have gone on the offensive against the lawyer representing the plaintiffs in the lawsuit filed by Dogecoin investors. In a recent filing with the U.S. District Court for the Southern District of New York, the tech billionaire, and his electronic vehicle giant sought Rule 11 sanctions against Evan Spencer of Even Spencer Law. Spencer represents a prospective class of Dogecoin who sued Musk and his EV firm for manipulating the price of the memecoin for personal giants.&amp; </p><h2><strong>Dogecoin Tanked 7% Following Elon Musk’s Latest Court Filing</strong></h2><p>According to a report by <a href="https://www.reuters.com/legal/legalindustry/column-musk-tesla-go-attack-against-dogecoin-plaintiffs-lawyer-2023-07-17/" rel="nofollow noopener">Reuters</a>, Elon Musk and Tesla filed a motion for Rule 11 sanctions against Evan Spencer, the lawyer representing the plaintiffs in the Dogecoin lawsuit. They claimed in the latest filing that Spencer was aware of his case being based on a false premise before he lodged his claims. The latest claims marked a new offensive from Musk and his legal team. </p><p>The latest court filing by Elon Musk and Tesla came more than a month after Spencer <a href="https://en.ethereumworldnews.com/dogecoin-accuse-elon-musk-insider-trading/">filed</a> an amended complaint on behalf of the plaintiffs. The complaint accused the tech billionaire of netting billions of dollars by dumping DOGE after hyping up the memecoin on Twitter, which Musk recently acquired. However, the new filing by Musk’s attorneys argued that the wallets cited in the amended complaint were not owned by Tesla or its owner. </p><p>The filing further stated that Spencer was aware of the same before he submitted the amended complaint, which included accusations of insider trading. Elon Musk and Tesla urged the overseeing judge to dismiss the amended complaint and sanction Evan Spencer. <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow noopener">DOGE</a> lost more than 7% of its value following the filing of the motion for sanctions. At the time of writing, the meme token was trading at $0.0699. </p>]]></description><link>https://m.coinsnews.com/elon-musk-goes-on-the-offensive-against-attorney-in-dogecoin-lawsuit</link><guid>599217</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/hero-image-770x433.webp</dc:content ><dc:text>Elon Musk Goes On The Offensive Against Attorney In Dogecoin Lawsuit</dc:text></item><item><title>Arthur Hayes’s “Holy Grail” Stablecoin DeFi Project Ethena Raises $6M</title><description><![CDATA[<img width="770" height="257" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-770x257.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Arthur Hayes&#039;s &quot;Holy Grail&quot; Stablecoin DeFi Project Ethena Raises $6M 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-770x257.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-300x100.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-1024x341.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-500x167.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-269x90.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-746x249.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-1376x459.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M.jpeg 1500w" sizes="(max-width: 770px) 100vw, 770px" title="Arthur Hayes&#039;s &quot;Holy Grail&quot; Stablecoin DeFi Project Ethena Raises $6M 19"><ul><li><a href="https://www.ethena.fi/" data-type="URL" data-id="https://www.ethena.fi/" rel="nofollow noopener">Ethena </a>is a startup that is developing a stablecoin and digital savings bond that will be backed by derivatives.</li><li>The stablecoin will be backed by equal amounts of staked ETH and perpetual swaps shorting Ethereum.</li><li>The project has secured a $6 million seed funding from DragonFly, a venture capital firm founded by Arthur Hayes.</li><li>Ethena&#8217;s stablecoin and savings bond will be built on the Ethereum blockchain, ensuring decentralization and transparency.</li><li>Ethena is not the first project to create a stablecoin backed by derivatives. However, they believe that their approach has the potential to be more successful than previous attempts.</li></ul><p><a href="https://www.ethena.fi/" data-type="URL" data-id="https://www.ethena.fi/" rel="nofollow noopener">Ethena </a>strives to become a pioneer in the crypto industry by developing a stablecoin and digital savings bond. These innovative financial products will be supported by derivatives and will maintain value, in relation to the US dollar without depending on the conventional financial system. Ethena is focusing on creating these offerings for investors outside of the United States.</p><p>One of their products is a stablecoin that has a mechanism to preserve its peg to the US dollar. Additionally they are working on introducing the worlds native savings bond.</p><p>Former <a href="https://en.ethereumworldnews.com/bitmexs-arthur-hayes-samuel-reed-step-down-from-ceo-and-cto-roles/" data-type="URL" data-id="https://en.ethereumworldnews.com/bitmexs-arthur-hayes-samuel-reed-step-down-from-ceo-and-cto-roles/">BitMex </a>CEO, Arthur Hayes will provide guidance and advice to Ethena. The project secured a $6 million seed funding from DragonFly, a venture capital firm specializing in investments, which was founded by Arthur Hayes himself. Notable participants in this round include crypto derivative exchanges like Deribit, ByBit, OKX, Gemini and Huobi.</p><p>The ultimate objective of Ethena is to establish an alternative to banking systems worldwide. They firmly believe that their stablecoin and savings bond will offer individuals a decentralized and accessible means of preserving and growing wealth.</p><figure class="wp-block-image size-full is-resized"><img src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ethena.png" alt="Arthur Hayes&#039;s &quot;Holy Grail&quot; Stablecoin DeFi Project Ethena Raises $6M 12" class="wp-image-583131" width="845" height="473" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ethena.png 593w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ethena-300x168.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ethena-269x151.png 269w" sizes="(max-width: 845px) 100vw, 845px" title="Arthur Hayes&#039;s &quot;Holy Grail&quot; Stablecoin DeFi Project Ethena Raises $6M 18"></figure><p>According to Guy Young, the Founder and CEO of Ethena their platform aims to address the immediate need within the crypto space: DeFi endeavors to create a parallel financial system; however stablecoins, which are vital financial instruments in this sector remain completely reliant, on traditional banking infrastructure.<br></p><blockquote class="wp-block-quote"><p>We strongly believe that individuals worldwide should have access, to a financial tool, a dollar based savings instrument to securely store their wealth. With our stablecoin we are bringing to life our vision of a native stablecoin that does not rely on traditional banking systems. This enables the creation of an permissionless internet bond.</p></blockquote><h2><strong>A breakdown of what Ethena does:</strong></h2><p><br><strong>Stablecoin:</strong> The Ethena stablecoin will be backed by derivatives holding equal amounts of staked ETH and perpetual swaps shorting Ethereum. This unique approach allows it to maintain its peg to the US dollar without depending on the infrastructure. This improvement addresses some of the limitations found in existing stablecoins which are often susceptible to manipulation and volatility.</p><p><strong><br>Savings bond</strong>: The Ethena savings bond will be a token that function similarly to a US treasury bond. However it distinguishes itself by being permissionless and accessible to individuals around the world. This means that anyone, regardless of their location or financial standing will have the opportunity to invest in the Ethena savings bond.</p><p><strong><br>Decentralized:</strong> Ethenas stablecoin and savings bond will be built on the Ethereum blockchain ensuring decentralization and transparency. This means that there won&#8217;t be a single point of failure and people will have control over their funds.</p><p><strong>Accessible:</strong> Everyone around the world, regardless of their location or financial status, will have access to Ethenas stablecoin and savings bonds. This accessibility is made possible because they will be built on the Ethereum blockchain, a platform that&#8217;s source and permissionless.</p><h2><strong>This Isn&#8217;t The First Time Stablecoins Backed By Derivatives Have Been Created</strong></h2><p>You heard it right! In the past there has been attempts to create stablecoins backed by derivatives. One example is Basis Cash, which launched in 2020. Basis Cash tried to maintain its value by relying on a mix of derivatives linked to the US dollar, gold and oil. Unfortunately it failed to maintain its peg and therefore had to shut down in 2021.</p><p>Another failed attempt was IRON Finance, which was launched in 2021. IRON Finance used derivatives tied to the US dollar and Ethereum as its backing. IRON Finance was also shut down in 2021 after it even tually lost $150 million due to a hack.</p><p>The failures of Basis Cash and IRON Finance highlight the challenges in creating a stablecoin backed by derivatives that are both secure and dependable. Ethena presents an approach to leveraging derivatives for stabilizing a coin, which holds the potential, for success.</p><p>In the past there have been challenges, in understanding the complexities of derivatives. This has made it difficult for issuers to effectively manage the risks involved in using derivatives to support a stablecoin.</p><p>The trading costs associated with derivatives can be quite high. This poses a challenge for issuers who need to generate revenue to cover the expenses of maintaining the stablecoins value.</p><p>Derivatives are subject to regulations in jurisdictions. This adds another layer of difficulty for issuers as they strive to comply with the rules and regulations.</p><p>Despite these obstacles there are advantages in using derivatives as collateral for a stablecoin such as enhanced security, increased reliability and improved efficiency.</p><p><strong>“Ethena is building the holy grail of stablecoins: a coin that is truly stable, decentralized, and capital-efficient,” </strong>said Tom Schmidt, General Partner at Dragonfly. “Stablecoins have grown massively in popularity over the past few years by providing access to USD-denominated savings and remittances for people around the world, but they&#8217;ve always been handicapped by one of these three issues. Ethena has a breakthrough design that remedies these issues while also benefiting a broad user-base. We&#8217;re thrilled to be partnering with them to bring their vision to life.&#8221;</p><p>Ethena plans to utilize the initial investment to get ready for the release of their stablecoin and bond asset in the third quarter of 2023. This includes successfully finishing the testnet phase in Q3 of this year, establishing partnerships with prominent players in the industry and conducting thorough smart contract audits to guarantee the security and efficiency of the protocol.</p><p></p>]]></description><link>https://m.coinsnews.com/arthur-hayess-holy-grail-stablecoin-defi-project-ethena-raises-6m</link><guid>599175</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arthur-Hayes-Holy-Grail-Stablecoin-DeFi-Project-Ethena-Raises-6M-770x257.jpeg</dc:content ><dc:text>Arthur Hayes’s “Holy Grail” Stablecoin DeFi Project Ethena Raises $6M</dc:text></item><item><title>SEC Chair Gary Gensler Disappointed With Summary Judgment In Ripple Lawsuit</title><description><![CDATA[<img width="770" height="529" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-770x529.webp" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Chair Gary Gensler Disappointed With Summary Judgment In Ripple Lawsuit 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-770x529.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-300x206.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-1024x704.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-500x344.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-269x185.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-746x513.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Chair Gary Gensler Disappointed With Summary Judgment In Ripple Lawsuit 21"><ul><li>SEC Chairman Gary Gensler has expressed disappointment with the recent summary judgment in SEC v Ripple.&amp; </li><li>A judge recently handed a partial victory to Ripple after ruling that XRP’s retail sales didn’t constitute an investment contract.</li><li>Gensler has stated that his agency is assessing the judge’s opinion on XRP’s retail sales.&amp; </li><li>Meanwhile, the federal judge has referred the lawsuit to a magistrate judge who sided with Ripple on the controversial Hinman docs.&amp; </li></ul><p>Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has expressed his disappointment with the recent summary judgment in the securities regulator’s lawsuit against Ripple. Gensler was referring to the ruling by New York Federal Judge Analisa Torres, who handed a partial victory to Ripple after ruling that retail sales of XRP did not constitute an investment contract.&amp; </p><h2><strong>Federal Judge Refers SEC v Ripple Case To Magistrate Judge</strong></h2><p>Gary Gensler’s latest comments came during an <a href="https://www.youtube.com/watch?v=xR4l5F8fLRU" rel="nofollow noopener">event</a> hosted by the National Press Club in Washington D.C. During his speech, the SEC Chair stated that despite being disappointed about the ruling regarding retail sales, he was pleased with the Judge’s decision regarding the institutional sales of XRP. The summary judgment came more than two years after the securities regulator sued <a href="https://en.ethereumworldnews.com/crypto-leaders-ripple-xrp-sec-judgement/">Ripple</a> and its executives for illegally raising $1.3 billion by selling XRP, which it described as an unregistered securities offering. </p><blockquote class="wp-block-quote"><p>We’re pleased from that decision recognizing the importance of protecting investors on the institutional investors. While disappointed on what they said about retail investors, we’re still looking at it and assessing that opinion.&#8221;</p></blockquote><p>In related news, Federal Judge Analisa Torres referred the SEC’s lawsuit against Ripple to Magistrate Judge Sarah Netburn. Judge Netburn made headlines earlier this year after ordering the SEC to hand over the controversial Hinman documents to Ripple. The documents are internal communications and speeches related to William Hinman, the SEC’s former Director of Corporation Finance, who stated in 2018 that Ethereum is not a security. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????NEW: Judge Sarah Netburn orders both <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Ripple</a> and the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="nofollow noopener">@SECGov</a> to agree on 3 mutually convenient dates to schedule a settlement conference, “if they believe it to be productive at this time.”<br><br>Also recommends scheduling 6-8 weeks beforehand due to the court’s busy schedule. <a href="https://t.co/zyU4Ku2OOu" rel="nofollow">pic.twitter.com/zyU4Ku2OOu</a></p>&mdash; Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1681032363873124357?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 17, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Judge Netburn has historically been critical of the securities regulator’s assertions in the lawsuit. Earlier today, the magistrate judge ordered both parties to agree on three mutually convenient dates in order to schedule a settlement meeting, provided they believe it would be a productive venture.&amp; </p>]]></description><link>https://m.coinsnews.com/sec-chair-gary-gensler-disappointed-with-summary-judgment-in-ripple-lawsuit</link><guid>599176</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/0x0-770x529.webp</dc:content ><dc:text>SEC Chair Gary Gensler Disappointed With Summary Judgment In Ripple Lawsuit</dc:text></item><item><title>Binance Slashed Employee Benefits Due To Declining Profits: WSJ</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Slashed Employee Benefits Due To Declining Profits: WSJ 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Slashed Employee Benefits Due To Declining Profits: WSJ 23"><ul><li>A report by the Wall Street Journal stated that Binance slashed employee benefits last month.&amp; </li><li>The crypto exchange cited declining profits for cutting back benefits including work-from-home expenses.&amp; </li><li>CEO Changpeng Zhao revealed in a meeting last week that the company was still profitable.&amp; </li><li>The crypto exchange reportedly laid off more than 1,000 employees in recent weeks.</li></ul><p>Binance reportedly slashed employee benefits last month due to dwindling profits amid legal and regulatory trouble. The reduced benefits took effect on June 19, 2023, when the world’s largest crypto exchange cut back on several benefits, including fitness reimbursement. The crypto giant also indicated that more cost-cutting measures could be adopted in the future.&amp; </p><h2><strong>Binance CEO Changpeng Zhao Says Company Is Still Profitable</strong></h2><p>According to a <a href="https://www.wsj.com/articles/binance-cuts-back-employee-benefits-citing-decline-in-profit-51d51cf7" rel="noopener">report</a> by The Wall Street Journal, Binance used its internal messenger to inform its employees about the slashing of benefits, which affected mobile-phone reimbursements and work-from-home expenses, among other benefits. The crypto exchange cited declining profits for cutting back employee benefits. A <a href="https://en.ethereumworldnews.com/binance-lab-invest-15-million-xterio-game/">Binance</a> spokesperson stated that the company was reevaluating certain products, business units, and staff benefits to ensure that the company’s resources were being deployed properly. </p><p>During a company meeting on July 14, 2023, co-founder and CEO Changpeng Zhao told his employees that the company was still profitable. He added that the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) had no impact on the company’s operations. As for the employee benefits, Zhao stated that he wasn’t sure when they would be reinstated.&amp; </p><blockquote class="wp-block-quote"><p>Considering the current market environment and regulatory climate that has unfortunately led to a decline in profit, we have to be more prudent with our spending.”</p><cite>Binance&#8217;s internal message to employees</cite></blockquote><p>News of the slashing of employee benefits comes just days after <a href="https://www.wsj.com/articles/binance-lays-off-over-1-000-employees-d59ff6ad" rel="noopener">WSJ</a> reported that Binance had fired more than 1,000 employees in recent weeks. Former employees told the Journal that several hundred additional customer-service personnel were laid off by the crypto exchange last week. Changpeng Zhao revealed in the company meeting that there could be additional layoffs every three to six months.  </p>]]></description><link>https://m.coinsnews.com/binance-slashed-employee-benefits-due-to-declining-profits-wsj</link><guid>599128</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg</dc:content ><dc:text>Binance Slashed Employee Benefits Due To Declining Profits: WSJ</dc:text></item><item><title>Uniswap Labs Launches UniswapX Protocol For Trading Across AMMs</title><description><![CDATA[<img width="770" height="388" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-770x388.png" class="webfeedsFeaturedVisual wp-post-image" alt="Uniswap Labs Launches UniswapX Protocol For Trading Across AMMs 19" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-770x388.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-300x151.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-1024x516.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-1536x774.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-2048x1032.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-500x252.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-269x136.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-746x376.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-1376x693.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Uniswap Labs Launches UniswapX Protocol For Trading Across AMMs 23"><ul><li>DeFi exchange Uniswap has launched a new open-source blockchain protocol called UniswapX.&amp; </li><li>UniswapX will enable trading across automated market makers and other liquidity sources.&amp; </li><li>The new protocol is expected to provide users with more liquidity, better prices, MEV protection, and gas-free swapping.&amp; </li><li>The decentralized exchange’s governance token UNI surged by over 3% following the latest development.&amp; </li></ul><p>Uniswap Labs, the decentralized finance startup behind the world’s largest decentralized crypto exchange, has launched a permissionless, open-source, and auction-based protocol called UniswapX. The new blockchain protocol will allow trading across automated market makers and other liquidity sources.&amp; </p><h2><strong>Uniswap CEO Hayden Adams Unveils UniswapX at EthCC Paris</strong></h2><p>According to a <a href="https://blog.uniswap.org/uniswapx-protocol" rel="nofollow noopener">blog post</a> by Uniswap, Chief Executive Hayden Adams unveiled the new blockchain protocol earlier today at the Ethereum Community Conference (EthCC) in Paris. The DeFi exchange rolled out an opt-in beta for the protocol on the Uniswap Labs interface. Given that the protocol is still in beta, the majority of the orders will go through classic routing. UniswapX is currently available for Ethereum Mainnet and will be expanded to other chains as well as the Uniswap Wallet later. </p><p><a href="https://en.ethereumworldnews.com/uniswap-v3-deployment-on-fantom/">Uniswap</a> Labs stated that UniswapX will offer “next-level aggregation” by outsourcing the complexity of routing to an open network of fillers who compete to fill swaps in a cost-effective manner. The competitive filler forms will benefit the protocol’s users by offering maximum extractable value (MEV) protection, better prices, gas-free swapping, and zero cost for failed transactions. </p><blockquote class="wp-block-quote"><p>With UniswapX, swappers will be able to use the Uniswap interface without worrying whether they&#8217;re getting the best price, and transactions will always be transparently recorded and settled on-chain.”</p></blockquote><p>The DeFi protocol stated that it would launch a cross-chain UniswapX that would combine swapping and bridging under one roof. This would include native asset swaps that would reduce the need for bridged tokens. Uniswap’s governance token <a href="https://coinmarketcap.com/currencies/uniswap/" rel="nofollow noopener">UNI</a> surged by more than 3% following the announcement of the new blockchain protocol. At the time of writing, the token was trading at $5.97. </p>]]></description><link>https://m.coinsnews.com/uniswap-labs-launches-uniswapx-protocol-for-trading-across-amms</link><guid>599071</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/632b299c9b9821236613fd90_Thumbnail-Uniswap-v3-Explained@3x-1-770x388.png</dc:content ><dc:text>Uniswap Labs Launches UniswapX Protocol For Trading Across AMMs</dc:text></item><item><title>DeFi Users Lost $419 Million To 386 Exploits In 2023 H1: Report</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="DeFi" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="DeFi Users Lost $419 Million To 386 Exploits In 2023 H1: Report 24"><ul><li>Projects in the web3 and decentralized finance spaces lost nearly half a billion dollars to hacks and exploits in the first half of 2023.</li><li>DeFi accounted for a bulk of the incidents with over 386 exploit cases and $419 million in cryptocurrencies stolen from projects like Euler Finance.</li><li>A report from blockchain security firm PeckShield said the three most popular attack vectors were logic bugs, oracle manipulation, and privilege exposure.</li><li>Ethereum was also the most targeted chain with almost $300 million in losses.</li></ul><p>Projects built around web3 and decentralized finance (DeFi) lost an estimated $479.4 million in cryptocurrencies and assets to hacks, exploits, and other malicious digital activity in the first half of 2023, a report from on-chain security intelligence shop <a href="https://twitter.com/PeckShieldAlert/status/1680897837947813894?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/PeckShieldAlert/status/1680897837947813894?s=20" rel="noreferrer noopener nofollow">PeckShield</a> said. </p><p>The report shows that protocols, platforms, and users in the crypto ecosystem suffered almost 400 major hacks in the last six months. Exploits and hacks were spread across the broader web3 landscape with DeFi accounting for most of these incidents. </p><h2>$419 Million Lost To DeFi Hacks</h2><p>PeckShield reported around $419 million in digital assets lost during 386 hacks or exploits on DeFi providers and platforms. Illicit actors attacked over 10 public blockchains with Ethereum bearing the brunt of these hacks. Crypto&#8217;s largest altcoin network and DeFi&#8217;s biggest chain Ethereum lost over $287 million to attackers, PeckShield said. </p><p>Attackers mostly chose three vectors to exploit DeFi protocols. 46% of exploits leveraged logic bugs in the smart contract codes deployed by projects. Oracle manipulation strategies were used during 15% of the hacks and privilege exposure constituted 14% of exploits on decentralized finance providers. Flashloans were also an alluring method for hackers, making up a staggering 71% of exploits. </p><p>The top three attacks on web3 projects were DeFi lender <a href="https://en.ethereumworldnews.com/defi-euler-finance-open-redemptions/" data-type="URL" data-id="https://en.ethereumworldnews.com/defi-euler-finance-open-redemptions/" target="_blank" rel="noreferrer noopener">Euler Finance</a> ($197 million), wallet provider <a href="https://en.ethereumworldnews.com/atomic-wallet-hacker-funds-garantex/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/atomic-wallet-hacker-funds-garantex/" rel="noreferrer noopener">Atomic Wallet </a>($65 million), and low-carb-crusader ($25 million). </p><p>While the number for H1 2023 nearly reached $500 million, the first half of 2023 pales in comparison to the infamous &#8220;Hacktober&#8221; last year where exploiters stole over $3 billion in a single month. </p><p>Total value locked on decentralized finance protocols across several chains was $44.64 billion, up from around $38 billion at the start of 2023 per DefiLlama data</p><figure class="wp-block-image size-full"><img width="668" height="360" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Decentralized-Finance-TVL-by-DefiLlama.png" alt="DeFi Users Lost $419 Million To 386 Exploits In 2023 H1: Report 18" class="wp-image-583113" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Decentralized-Finance-TVL-by-DefiLlama.png 668w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Decentralized-Finance-TVL-by-DefiLlama-300x162.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Decentralized-Finance-TVL-by-DefiLlama-269x145.png 269w" sizes="(max-width: 668px) 100vw, 668px" title="DeFi Users Lost $419 Million To 386 Exploits In 2023 H1: Report 23"><figcaption><a href="https://defillama.com/" target="_blank" data-type="URL" data-id="https://defillama.com/" rel="noreferrer noopener nofollow">Decentralized Finance TVL</a></figcaption></figure>]]></description><link>https://m.coinsnews.com/defi-users-lost-419-million-to-386-exploits-in-2023-h1-report</link><guid>599072</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/DeFi-Users-Lost-419-Million-To-386-Exploits-In-2023-H1-Report-770x462.jpg</dc:content ><dc:text>DeFi Users Lost $419 Million To 386 Exploits In 2023 H1: Report</dc:text></item><item><title>Banks Could Flock To Ripple’s XRP After Partial Victory, Company CLO Tells CNBC</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Ripple" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Banks Could Flock To Ripple&#039;s XRP After Partial Victory, Company CLO Tells CNBC 25"><ul><li>Ripple&#8217;s Chief Legal Officer Stu Alderoty said the company hopes this quarter will generate conversation within the U.S. financial system and incentivize customers to use XRP for cross-border settlement.</li><li>Alderoty told CNBC that banks could turn to the company&#8217;s ODL solution after last week&#8217;s ruling which granted partial victory over the SEC&#8217;s claims.</li><li>XRP&#8217;s trading volume exploded 18-fold between July 13 and July 14 as the crypto&#8217;s price pumped as high as $0.95 on trading venues.</li></ul><p>XRP issuer Ripple believes that financial institutions in the U.S. could leverage the company&#8217;s on-demand-liquidity solution for international trade and payments following last week&#8217;s partial victory against the U.S. Securities and Exchange Commission. </p><p>“I think the answer to that is yes.”, Ripple&#8217;s Chief Legal Officer Stu Alderoty <a href="https://www.cnbc.com/2023/07/17/ripple-hopes-judge-ruling-in-sec-case-will-lead-to-us-banks-using-xrp.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2023/07/17/ripple-hopes-judge-ruling-in-sec-case-will-lead-to-us-banks-using-xrp.html" rel="noreferrer noopener">told</a> CNBC when asked whether banks would use Ripple&#8217;s ODL product after the ruling. </p><blockquote class="wp-block-quote"><p>I think we’re hopeful that this decision would give financial institution customers or potential customers comfort to at least come in and start having the conversation about what problems they are experiencing in their business, real-world problems in terms of moving value across borders without incurring obscene fees,</p></blockquote><p>The blockchain startup lost business after the SEC filed a lawsuit alleging that CEO Brad Garlinghouse and his company raised $1.3 billion through the sale of unregistered securities in 2020. Moneygram halted its partnership with Ripple in March 2021 due to uncertainty surrounding the case. </p><p>Before that, Bank of America paused a pilot program built on XRP technology started in 2019. The BOA said it was waiting for the outcome of the lawsuit before proceeding with any agreement. </p><h2>SEC vs Ripple Summary Judgment</h2><p>In December 2020, the SEC sued XRP creator Ripple Labs for allegedly raising $1.3 billion from unregistered securities sales. </p><p>Last week, Judge Analisa Torres issued a summary judgment siding with both parties on different fronts. According to the Southern District Court of New York Judge, the SEC&#8217;s claim that direct institutional sales of XRP constituted an investment contract and therefore qualified as illegal securities sales. </p><p>Judge Torres also sided with Ripple&#8217;s argument that programmatic sales to retail markets were not in violation of securities laws. The SEC could appeal the summary judgment which was requested by both parties and a trial on the matter is expected to follow after last week&#8217;s ruling. </p><p>Ripple&#8217;s XRP token <a href="https://en.ethereumworldnews.com/xrp-up-exchanges-resume-trading-ripple/" data-type="URL" data-id="https://en.ethereumworldnews.com/xrp-up-exchanges-resume-trading-ripple/" target="_blank" rel="noreferrer noopener">recorded</a> massive inflows, with daily trading volume skyrocketing to over $11 billion on July 14 from $600 million on July 13. XRP&#8217;s market price also jumped to $0.95 before traders took profits. The token traded at around $0.74 at press time. </p><p>Also, XRP is now crypto&#8217;s fourth largest token behind Bitcoin, Ethereum, and USDT. XRP&#8217;s market cap boasts $38 billion in USD.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-1024x417.png" alt="Banks Could Flock To Ripple&#039;s XRP After Partial Victory, Company CLO Tells CNBC 17" class="wp-image-583107" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-17_14-58-57.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Banks Could Flock To Ripple&#039;s XRP After Partial Victory, Company CLO Tells CNBC 24"><figcaption><strong><a href="https://www.tradingview.com/symbols/XRPUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/XRPUSDT/" rel="noreferrer noopener">XRP/USDT by TradingView</a></strong></figcaption></figure><p></p>]]></description><link>https://m.coinsnews.com/banks-could-flock-to-ripples-xrp-after-partial-victory-company-clo-tells-cnbc</link><guid>599013</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Banks-Could-Flock-To-Ripples-XRP-After-Partial-Victory-Company-CLO-Tells-CNBC-770x433.jpg</dc:content ><dc:text>Banks Could Flock To Ripple’s XRP After Partial Victory, Company CLO Tells CNBC</dc:text></item><item><title>L2 Network Mantle Introduces Mainnet Alpha With Modular Design For Easy Upgrades And Security</title><description><![CDATA[<img width="770" height="402" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-770x402.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Mantle" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-770x402.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-1024x535.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-500x261.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-746x390.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="L2 Network Mantle Introduces Mainnet Alpha With Modular Design For Easy Upgrades And Security 22"><ul><li>Mantle’s team said the modular design will allow for quick future upgrades, making it simple to onboard Ethereum updates.</li><li>The design which splits blockchain activity across separate layers also offers users cheap transactions on a high-performance blockchain, the team said.</li><li>The team announced its mainnet alpha at the EthCC in Paris today.</li><li>The mainnet also launched along with a $200 million ecosystem fund to support native projects after developers worked on the network for over six months.</li></ul><p>Mantle, a layer 2 network built a-top the Ethereum blockchain, <a href="https://www.mantle.xyz/blog/announcements/mantle-network-mainnet-alpha" target="_blank" data-type="URL" data-id="https://www.mantle.xyz/blog/announcements/mantle-network-mainnet-alpha" rel="noreferrer noopener nofollow">announced</a> its mainnet alpha after developers worked on the chain in a test environment for six months. </p><p>Today&#8217;s launch which was announced at the Ethereum Community Conference (EthCC) in Paris comes after the protocol reached a merger deal with BitDAO. The agreement signaled two major developments for Mantle &#8211; support from BitDAO&#8217;s $2.4 billion strong treasury and added decentralization through the DAO&#8217;s governance system. </p><p>The team tested its modular design in a testnet for over half a year, processing more than 14 million transactions on its blockchain and solving bugs to mitigate future attacks or exploits. The mainnet alpha also passed several security audits, the team added. </p><h2>Mantle&#8217;s Modular Masterpiece</h2><p>Notably, Mantle&#8217;s blockchain design adopts a modular structure that would section on-chain activities like consensus, data availability, execution, and settlement into separate layers. This design steps away from the monolithic blockchain infrastructure which typically handles operations on a single layer. </p><p>The goal, Mantle&#8217;s team said, is to provide users with low-cost transactions and a high-performance network that taps Ethereum&#8217;s security model. Mantle strategic advisor Jordi Alexander noted that the modular approach will also allow the network to implement upgrades and onboard advancements pushed out by Ethereum developers. </p><blockquote class="wp-block-quote"><p>As this burgeoning space sizzles on the eve of ‘L2 Summer’, the agility enabled by Mantle Network&#8217;s adaptive and iterative design will keep it at the bleeding edge of the latest technological breakthroughs for years to come</p></blockquote><p>Along with its mainnet alpha launch, the Ethereum-compatible L2 network also <a href="https://en.ethereumworldnews.com/bit-up-7-200-million-bitdao-fund-proposal/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bit-up-7-200-million-bitdao-fund-proposal/" rel="noreferrer noopener">unveiled a $200 million ecosystem fund approved by BitDAO</a>. According to the announcement, the fund will back early-stage decentralized applications building solutions on the Mantle network. </p><p>Several well-known venture firms contributed to the fund including Animoca Ventures, Hashkey Capital, and Pantera Capital. </p>]]></description><link>https://m.coinsnews.com/l2-network-mantle-introduces-mainnet-alpha-with-modular-design-for-easy-upgrades-and-security</link><guid>599014</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/L2-Network-Mantle-Introduces-Mainnet-Alpha-With-Modular-Design-For-Easy-Upgrades-And-Security-770x402.jpg</dc:content ><dc:text>L2 Network Mantle Introduces Mainnet Alpha With Modular Design For Easy Upgrades And Security</dc:text></item><item><title>Cathie Wood’s Ark Invest Sells Coinbase Shares Worth $53 Million At Yearly High</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Cathie Wood’s Ark Invest Sells Coinbase Shares Worth $53 Million At Yearly High 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-1024x537.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-500x262.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-746x391.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75.jpg 1201w" sizes="(max-width: 770px) 100vw, 770px" title="Cathie Wood’s Ark Invest Sells Coinbase Shares Worth $53 Million At Yearly High 24"><ul><li>Cathie Wood’s Ark Invest has sold nearly half a million Coinbase shares worth over $53 million.&amp; </li><li>The sale was made by three of Ark’s leading funds including the Ark Innovation ETF and Ark Fintech Innovation Fund.&amp; </li><li>Coinbase’s stock was trading at a yearly high of $113 when Ark Invest sold the shares.&amp; </li><li>Ark Invest is actively buying shares of Meta and discount brokerage firm Robinhood.&amp; </li></ul><p>Cathie Wood’s asset management firm Ark Invest has sold nearly half a million <a href="https://en.ethereumworldnews.com/coinbase-stock-down-9-staking-paused/">Coinbase</a> Global shares worth more than $53 million. The sale comes less than a week after the Ark Innovation ETF sold 135,152 shares of the crypto exchange after the stock rallied amid a series of spot Bitcoin ETF applications. Applications from TradFi giants like BlackRock and Fidelity named Coinbase as its surveillance-sharing partner, leading to an uptick in its share price. </p><h2><strong>Ark Invest Bumps Meta and Robinhood Holdings</strong></h2><p>According to a report by <a href="https://www.theblock.co/post/239769/ark-invest-coinbase-sells-cathie-wood" rel="nofollow noopener">The Block</a>, three of Ark Invest’s leading funds were involved in the sale of the Coinbase shares. The Ark Innovation ETF sold 263,247 shares, Ark Next Generation Internet ETF sold 93,227 shares while Ark Fintech Innovation ETF sold 121,882 shares, bringing the total to 478,356 shares. The sale came on the same day when the crypto exchange’s stock rallied to a yearly high of $113. </p><p>The rally was prompted by the summary judgment in SEC’s lawsuit against Ripple, which indicated that XRP did not qualify as a security. The ruling was interpreted as a bullish event by the crypto community and triggered rallies in several crypto tokens and stocks.&amp; </p><p>Data from <a href="https://money.cnn.com/quote/shareholders/shareholders.html?symb=COIN&amp;subView=institutional" rel="nofollow noopener">CNN</a> shows that despite the considerable sale earlier, Ark Invest was the second largest holder of Coinbase Global after The Vanguard Group. Among its funds, the asset management firm held a 6.30% stake in the crypto exchange with 11.7 million shares worth a whopping $732.4 million. The asset manager’s trading desk revealed that it had bought more than 82,000 shares of Meta (formerly Facebook) and 169,116 shares of discount brokerage firm Robinhood. </p>]]></description><link>https://m.coinsnews.com/cathie-woods-ark-invest-sells-coinbase-shares-worth-53-million-at-yearly-high</link><guid>598567</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/04FCEF8A0142E84359662551F5E7C107C8AC43EDE41EFF326AABC40A3579AA75-770x404.jpg</dc:content ><dc:text>Cathie Wood’s Ark Invest Sells Coinbase Shares Worth $53 Million At Yearly High</dc:text></item><item><title>Coinbase Stock Tanks 9% After Suspension Of Staking In Four US States</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-2.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Stock Tanks 9% After Suspension Of Staking In Four US States 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-2.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-2-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="Coinbase Stock Tanks 9% After Suspension Of Staking In Four US States 23"><ul><li>Coinbase has paused staking services in four U.S. states, including California and New Jersey.&amp; </li><li>The suspension comes a month after ten states initiated proceedings against the exchange over its staking product.&amp; </li><li>CEO Brian Armstrong previously assured customers that the staking services would continue despite objection from state regulators.&amp; </li><li>The company’s share price has tanked more than 9% following the latest development.&amp; </li></ul><p>Coinbase’s shares have lost more than 9% of their value following the pausing of its staking services in multiple U.S. states. The pause comes more than a month after ten states initiated <a href="https://en.ethereumworldnews.com/coinbase-cease-desist-order-sec-lawsuit/">proceedings</a> against the crypto exchange on the same day that the Securities and Exchange Commission sued it for allegedly operating an unregistered securities exchange and offering unregistered securities through its staking service.</p><h2><strong>Coinbase Says It Will Defend Its Staking Services </strong></h2><p>Coinbase took to <a href="https://twitter.com/coinbase/status/1679951143026171905" rel="nofollow noopener">Twitter</a> earlier today to share the latest development regarding the staking services with its customers. According to the crypto exchange, which happens to be the largest in the United States, regulators in California, New Jersey, South Carolina, and Wisconsin have required it to stop offering its staking product. The state regulators directed the exchange to prevent retail customers from staking additional crypto assets while their proceedings continue. Coinbase has stated that it disagrees with the allegations surrounding its staking services and added that it will vigorously defend the product in court. </p><blockquote class="wp-block-quote"><p>We stand by staking. Today almost every major blockchain relies on staking because it is open, secure, and environmentally friendly. Americans in every state deserve access to the same technology and economic opportunities as people everywhere.”</p></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We’ve safely and legally offered staking for almost 4 years. We’ve always followed legal process, and will do so here. These proceedings are just getting started &#8211; we’ll continue to defend everyone’s right to stake if and how they choose. <a href="https://t.co/vkSjiO2tjV" rel="nofollow">https://t.co/vkSjiO2tjV</a></p>&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1679952235130765313?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The latest order by state regulators led to a 9% decline in Coinbase’s share price. The stock dropped from its daily high of $113 to as low as $101 before closing at $105. Chief Executive Officer Brian Armstrong previously assured customers that the enforcement action by the SEC and the proceedings initiated by state regulators wouldn’t impact the staking services. “We’re not going to wind down our staking service. Coinbase’s staking product is architected and built in a way to be compliant,” he stated at the time.</p>]]></description><link>https://m.coinsnews.com/coinbase-stock-tanks-9-after-suspension-of-staking-in-four-us-states</link><guid>598568</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-2.jpg</dc:content ><dc:text>Coinbase Stock Tanks 9% After Suspension Of Staking In Four US States</dc:text></item><item><title>Arkham Releases Bounty and Trading Rulebook For Intel Exchange Users</title><description><![CDATA[<img width="720" height="720" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Arkham" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange.jpg 720w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-300x300.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-100x100.jpg 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-500x500.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-293x293.jpg 293w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-269x269.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-366x366.jpg 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange-561x561.jpg 561w" sizes="(max-width: 720px) 100vw, 720px" title="Arkham Releases Bounty and Trading Rulebook For Intel Exchange Users 24"><ul><li>Arkham’s Intel Exchange will only support publicly verifiable data, info on hacks, sources of alpha, and market movement analysis.</li><li>The guideline is part of Arkham’s response to privacy concerns voiced by the community ahead of the July 18 launch.</li><li>Revenge posting or private data trading will not be allowed on the Intel Exchange, the blockchain insight provider reaffirmed on Friday</li></ul><p>Arkham released guidelines for bounty submissions and trading activity on its upcoming Intel Exchange following overwhelming privacy concerns from the crypto community. </p><p>On July 10, the blockchain intelligence provider <a href="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" rel="noreferrer noopener">announced</a> a new exchange that will allow users to buy and sell intel on wallet addresses. Arkham described the platform as a place for blockchain sleuths to monetize their skills and a hub for decentralized information sharing. </p><h2>Guidelines For Arkham&#8217;s Intel-To-earn Each</h2><p>Friday&#8217;s guideline announcement that Arkham&#8217;s Intel Exchange only supports bounties or submissions that request or offer publicly verifiable on-chain data, meaning that trading private off-chain is prohibited on the platform. </p><blockquote class="wp-block-quote"><p>Under no circumstances whatsoever will personal physical addresses, phone numbers, confidential ID numbers, date of birth, or other sensitive PII be allowed onto the exchange, even if publicly available elsewhere.</p></blockquote><p>The platform&#8217;s rulebook also supports intel that helps to uncover hacks or scam behavior, identifying major players, market movement analysis, and sources of alpha. Also, the platform will support future governance changes to how bounties or submissions are reviewed. </p><figure class="wp-block-image size-large"><img width="1024" height="595" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-1024x595.png" alt="Arkham Releases Bounty and Trading Rulebook For Intel Exchange Users 16" class="wp-image-583090" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-1024x595.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-300x174.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-770x447.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-1536x893.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-2048x1190.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-269x156.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-746x434.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Intel-Exchange-Guidelines-Summary-1376x800.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="Arkham Releases Bounty and Trading Rulebook For Intel Exchange Users 23"><figcaption><strong><a href="https://www.arkhamintelligence.com/announcements/guidelines-for-the-arkham-intel-exchange" target="_blank" data-type="URL" data-id="https://www.arkhamintelligence.com/announcements/guidelines-for-the-arkham-intel-exchange" rel="noreferrer noopener nofollow">Arkham Intel Exchange Guidelines Summary</a></strong></figcaption></figure><p>The Intel Exchange was received with contrasting emotions ahead of its launch slated for July 18 along with an airdrop and public token sale of the ARKM coin on Binance. </p><p>While some crypto participants saluted the move to create a liquid market for information and allow sleuths like ZachXBT to earn for their work, skeptics voiced doubts about possible privacy breaches and the platform&#8217;s supposed &#8220;dox-to-earn&#8221; model&#8221;. </p><p>Community concerns escalated further after it was discovered that private email addresses were viewable when users generated a referral link. </p><p>CEO Miguel Morel <a href="https://en.ethereumworldnews.com/arkham-intel-exchange-offchain/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/arkham-intel-exchange-offchain/" rel="noreferrer noopener">assured</a> users during a Twitter space that the company will prioritize safe and public data exchange for the benefit of the participants. </p>]]></description><link>https://m.coinsnews.com/arkham-releases-bounty-and-trading-rulebook-for-intel-exchange-users</link><guid>598378</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-Releases-Bounty-and-Trading-Guidelines-For-Intel-Exchange.jpg</dc:content ><dc:text>Arkham Releases Bounty and Trading Rulebook For Intel Exchange Users</dc:text></item><item><title>FTX And Celsius Bankruptcy Claims Go Live On Su Zhu’s Open Exchange</title><description><![CDATA[<img width="318" height="159" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-3.png" class="webfeedsFeaturedVisual wp-post-image" alt="FTX And Celsius Bankruptcy Claims Go Live On Su Zhu’s Open Exchange 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-3.png 318w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-3-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-3-269x135.png 269w" sizes="(max-width: 318px) 100vw, 318px" title="FTX And Celsius Bankruptcy Claims Go Live On Su Zhu’s Open Exchange 21"><ul><li>Open Exchange is now offering trading of bankruptcy claims held by customers of FTX and Celsius.&amp; </li><li>The bankruptcy claims trading platform is offering immediate liquidity to stranded claims holders.&amp; </li><li>OPNX recently partnered with Hong Kong Digital Asset Exchange and received a license in Spain.&amp; </li><li>OPNX was co-founded by Su Zhu and Kyle Davies, the men behind the defunct crypto hedge fund Three Arrows Capital.&amp; </li></ul><p>Open Exchange (OPNX) is buying bankruptcy claims held by customers of FTX and Celsius Network. <a href="https://en.ethereumworldnews.com/opnx-ecosystem-partner-3ac-ventures/">OPNX</a> rolled out claims for bankrupt crypto exchange FTX and crypto lender Celsius more than a month after it initially announced the feature for its users. The exchange’s native token OX gained more than 3% following the latest development. At the time of writing, the token was trading at $0.31. </p><h2><strong>Open Exchange Partners With Hong Kong Digital Asset Exchange</strong></h2><p>Open Exchange took to <a href="https://twitter.com/OPNX_Official/status/1679837501601755139?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet" rel="nofollow noopener">Twitter</a> earlier today to announce that FTX bankruptcy claims were live on its claims trading platform. OPNX encouraged stranded FTX customers to onboard their bankruptcy claims and offered immediate conversion to its native token OX. This token can also be used to trade futures on the crypto exchange. FTX owes roughly $8 billion to its customers, while Celsius owes more than $4 billion. However, it is unlikely that all of these bankruptcy claims will reach OPNX. </p><blockquote class="wp-block-quote"><p>“With claim tokenization, we are offering customers immediate liquidity, the chance to regain control over their funds and participate in market opportunities once again,&#8221; </p><cite>Mark Lamb, Founder of Open Exchange</cite></blockquote><p>In other news, Open Exchange <a href="https://news.opnx.com/" rel="nofollow noopener">announced</a> on July 13, 2023, that it had entered into a strategic partnership with Hong Kong Digital Asset Exchange, which allowed the exchange to become a licensed entity in Spain. The Cayman Island-registered firm was co-founded by Su Zhu and Kyle Davies, the men behind the defunct crypto hedge fund Three Arrows Capital. They partnered with CoinFlex co-founders Mark Lamb and Leslie Lamb to launch OPNX earlier this year. </p>]]></description><link>https://m.coinsnews.com/ftx-and-celsius-bankruptcy-claims-go-live-on-su-zhus-open-exchange</link><guid>598379</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-3.png</dc:content ><dc:text>FTX And Celsius Bankruptcy Claims Go Live On Su Zhu’s Open Exchange</dc:text></item><item><title>Celsius Founder Alex Mashinsky Issued $40 Million Bail In DOJ Fraud Case</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Celsius Founder Alex Mashinsky Issued $40 Million Bail In DOJ Fraud Case 23"><ul><li>Former Celsius CEO Alex Mashinsky will be released on a $40 million bail agreement following his arrest on Thursday.</li><li>Mashinsky was detained by the U.S. Department of Justice on claims that he defrauded investors and raised billions through illegal financial offerings.</li><li>The DOJ indicted Mashinsky on seven counts of securities fraud, wire fraud, commodities fraud, and market manipulation of his company&#8217;s native token CEL.</li><li>The former Celsius boss denied the allegations along with accusations from the SEC, CFTC, and New York&#8217;s Attorney General.</li></ul><p>A court has <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.601957/gov.uscourts.nysd.601957.5.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.601957/gov.uscourts.nysd.601957.5.0.pdf" rel="noreferrer noopener nofollow">agreed to release Alex Mashinsky</a> on $40 million bail after the former Celsius CEO was indicted and arrested by the Department of Justice on Thursday. The DOJ charged Mashinsky on seven counts including securities fraud and market manipulation. </p><p>Mashinsky&#8217;s personal recognizance bond must be signed by two financially responsible persons. The first, his wife, must sign the $40 million bail agreement by today July 14. The court set a deadline of July 21 for the second FRP&#8217;s signature. </p><p>This bail agreement is usually issued to individuals with close ties to their community. The personal recognizance bond also considers the defendants&#8217; criminal records, whether they are a flight risk, and their employment status among other factors. </p><p>A personal recognizance bond means that Mashinsky will be released without actually paying any money for his bail and will be required to attend all court hearings linked to his fraud case.</p><h2>Celsius Boss Dismisses Criminal Charges </h2><p>On July 13, the DOJ<a href="https://en.ethereumworldnews.com/sec-sues-celsius-founder-alex-mashinksy/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-celsius-founder-alex-mashinksy/" rel="noreferrer noopener"> arrested Mashinsky</a> and filed criminal charges against the former Celsius CEO for allegedly committing securities fraud, wire fraud, commodities fraud, and manipulating the price of CEL, his company&#8217;s native token. </p><p>The SEC and previously the CFTC also accused Mashinsky of falsely marketing Celsius as a path to financial freedom while he and other executives used customer funds to make risky investments, fund personal expenses, and raise billions of dollars through unregistered offerings. </p><p>&#8220;He looks forward to vigorously defending himself in court against these baseless charges,” Mashinsky’s lawyer Jonathan Ohring said on behalf of the Celsius founder who <a href="https://news.bloomberglaw.com/securities-law/ex-celsius-ceo-mashinsky-arrested-in-latest-doj-crypto-case-1" target="_blank" data-type="URL" data-id="https://news.bloomberglaw.com/securities-law/ex-celsius-ceo-mashinsky-arrested-in-latest-doj-crypto-case-1" rel="noreferrer noopener nofollow">denied</a> all the allegations against him.</p>]]></description><link>https://m.coinsnews.com/celsius-founder-alex-mashinsky-issued-40-million-bail-in-doj-fraud-case</link><guid>598328</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Celsius-Founder-Alex-Mashinsky-Issued-40-Million-Bail-In-DOJ-Fraud-Case-770x385.png</dc:content ><dc:text>Celsius Founder Alex Mashinsky Issued $40 Million Bail In DOJ Fraud Case</dc:text></item><item><title>XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple’s Token</title><description><![CDATA[<img width="770" height="434" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-770x434.png" class="webfeedsFeaturedVisual wp-post-image" alt="XRP" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-770x434.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-1024x577.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-500x282.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token.png 1245w" sizes="(max-width: 770px) 100vw, 770px" title="XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple&#039;s Token 25"><ul><li>Coinbase, KrakenPro, and Crypto dot com are some of the crypto exchanges that reopened trading for XRP after a partial ruling in Ripple&#8217;s favor.</li><li>Winklevoss-founded platform Gemini also said it is mulling listing Ripple&#8217;s coin for spot and derivatives trading pairs.</li><li>Judge Analisa Torres ruled that Ripple&#8217;s tokens sold on exchange did not constitute an investment contract and therefore, are not securities.</li><li>The ruling added that XRP sales to institutional buyers were unregistered securities offering and a court date will be set for trial.</li></ul><p>XRP, the native token of digital remittance provider Ripple, has recorded staggering gains in the last 24 hours following a ruling about the token&#8217;s status as a security. </p><p>Ripple achieved a crucial legal victory as Judge Analisa Torres from New York ruled that XRP sold to retail users on crypto exchanges should not be classified as an investment contract. Coinbase, America&#8217;s largest crypto trading venue, swiftly <a href="https://en.ethereumworldnews.com/coinbase-relists-xrp-after-court-rules-its-not-a-security/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-relists-xrp-after-court-rules-its-not-a-security/" rel="noreferrer noopener">reopened</a> trading for Ripple&#8217;s token on Thursday shortly after the news broke.</p><p>Following the court&#8217;s ruling, prominent exchanges such as Crypto.com and <a href="https://twitter.com/krakenpro/status/1679631565721149445?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/krakenpro/status/1679631565721149445?s=20" rel="noreferrer noopener nofollow">Kraken Pro</a> wasted no time in announcing the resumption of XRP trading, following in Coinbase&#8217;s footsteps. <a href="https://twitter.com/Gemini/status/1679550388272283649" target="_blank" data-type="URL" data-id="https://twitter.com/Gemini/status/1679550388272283649" rel="noreferrer noopener nofollow">Gemini</a> is also considering listing the coin in spot and derivatives pairs, said co-founder Cameron Winklevoss.</p><p>The price of XRP exploded after the ruling, recording massive gains for holders. At press time, the token was up over 68%. <a href="https://www.coingecko.com/en/coins/xrp/historical_data#panel" target="_blank" data-type="URL" data-id="https://www.coingecko.com/en/coins/xrp/historical_data#panel" rel="noreferrer noopener nofollow">Coingecko</a> data showed that XRP&#8217;s daily trading volume lept from around $600 million to over $11 billion between July 13 and July 14.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-1024x417.png" alt="XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple&#039;s Token 12" class="wp-image-583077" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRPUSDT_2023-07-14_13-00-20.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple&#039;s Token 23"><figcaption><strong><a href="https://www.tradingview.com/symbols/XRPUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/XRPUSDT/" rel="noreferrer noopener">XRP/USDT by TradingView</a></strong></figcaption></figure><h2>XRP Holder In Euphoria As SEC vs Ripple Goes To Trial</h2><p>The ruling issued by Judge Analisa Torres constitutes a partial win for both Ripple and the U.S. Securities and Exchange Commission. </p><p>According to court documents, Judge Torres <a href="https://en.ethereumworldnews.com/crypto-leaders-ripple-xrp-sec-judgement/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/crypto-leaders-ripple-xrp-sec-judgement/" rel="noreferrer noopener">ruled</a> that Ripple&#8217;s tokens sold on exchanges to retail customers do not qualify as an investment contract and is therefore not a security. While this has paved the path for Ripple token&#8217;s token to resume trading on crypto exchanges like Coinbase, and perhaps beacons hope for other cryptos like SOL, ADA, and MATIC that were labeled as securities by the SEC, the same cannot be said for institutional sales. </p><p>Indeed, the ruling in New York said that Ripple&#8217;s token sales to institutional buyers qualified as unregistered securities offerings. </p><figure class="wp-block-image"><img src="https://ucbc6a783a65ae99e9d5510a05cb.previews.dropboxusercontent.com/p/pdf_img/AB_UktuQEpG3BNBaYqs9lnSKXDy_lqMOCtqHqW-MftD9qetCZ6CNTR53TheCXDjPwk1wpZqyhD0Y5FEFzK3At60sIIl46MLyh-pt_4zZbSQyqo3dfH0Tq6VJ85BI3fO2RDTIS-KHcuRPiLRpPI6KgRw86WFXLBLHfnGB9MeunNcC28MoHtdb01i3rx8HQPDUX8IVPJnTkc6SKa1PrKSolFrDb2bue49Vknfx1k9bnnh52u0En0aSf1Dr6tCh1d_KtwwZUsHRQkFMeVbAAaSyK7LgVhE320xUWJywcG55V7o2Ch9N6dMEydwtN7LK1Ds2lGFRxOAZAUOCh8RmMmXdxDmWTyzTz3FRoyHaUZnMkAY0PWo8V-78V5k8BqCMea4y5tE/p.png?page=33" alt="SEC v. Ripple Ruling on Motions for Summary Judgment.pdf" title="XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple&#039;s Token 24"><figcaption><strong> Judge Analisa Torres&#8217; Ruling On SEC vs Ripple</strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/xrp-up-60-on-the-day-as-crypto-exchanges-resume-trading-for-ripples-token</link><guid>598329</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/XRP-Up-60-On-The-Day-As-Crypto-Exchanges-Resume-Trading-For-Ripples-Token-770x434.png</dc:content ><dc:text>XRP Up 60% On The Day As Crypto Exchanges Resume Trading For Ripple’s Token</dc:text></item><item><title>Multichain To Shut Down Protocol, Team Say CEO’s Sister Was Arrested After Moving $220 Million In User Funds</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Multichain" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Multichain To Shut Down Protocol, Team Say CEO&#039;s Sister Was Arrested After Moving $220 Million In User Funds 23"><ul><li>The CEO’s sister was arrested in China days after she moved $220 million in user funds to wallets under her control.</li><li>Multichain’s team also confirmed the news that CEO Zhaojun was arrested by China police in May.</li><li>The project will shut down operations ASAP due to limited operational funds and a lack of information from Zhaojun’s family. </li><li>Friday&#8217;s announcement comes after technical issues, a force Majeure, and investor exits from the cross-chain bridge protocol. </li></ul><p>Multichain team&#8217;s said the cross-chain protocol will shut down after confirming that CEO Zhaojun was indeed <a href="https://twitter.com/multichainorg/status/1679768407628185600?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" data-type="URL" data-id="https://twitter.com/multichainorg/status/1679768407628185600?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" target="_blank" rel="noreferrer noopener nofollow">arrested</a> by police in China. The team&#8217;s Friday announcement comes weeks after rumors about Zhaojun&#8217;s arrest first circulated in May. </p><p>News about the CEO&#8217;s arrest gripped the Multichain community following a sudden halt of the protocol&#8217;s operations, leaving transactions and user funds hanging in the air. </p><h2>Multichain&#8217;s Multimess</h2><p>&#8220;On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home,&#8221; the team said today. Authorities seized Zhaojun&#8217;s computers, phones, hardware wallets, and mnemonic phrases, Friday&#8217;s thread from the team noted. This means that local police now has custody of investor funds and project funds managed directly managed by CEO Zhaojun.</p><p>The team was unable to repair technical issues after his arrest since Zhaojun&#8217;s personal server had sole access to project nodes and all operations funds.</p><p>On June 4, the Multichain team used historical information from Zhaojun&#8217;s home computer to log into the cloud server with the help of the CEO&#8217;s family. The team had <a href="https://en.ethereumworldnews.com/multichain-transactions-resume-polygon/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/multichain-transactions-resume-polygon/" rel="noreferrer noopener">limited access</a> and could only fix issues on two servers.</p><p>Over a month later on July 7, tens of millions in user assets were strangely transferred to unknown addresses. Zhaojun&#8217;s sister said the cloud server login which authorized the transactions came from an IP address in Kunming.</p><p>The team said Zhaojun&#8217;s sister supposedly moved to preserve the remaining assets and transferred $220 million in user funds to wallets under her control two days later. </p><p>Four days after, Zhaojun&#8217;s sister was detained by China police and the team lost contact with her. It&#8217;s also unclear whether or not local authorities took custody of the assets she moved days prior to her arrest.</p><blockquote class="wp-block-quote"><p>Due to the lack of alternative sources of information and corresponding operational funds, the team is forced to cease operations. If there are any further notifications and developments, the team will update the community accordingly.</p></blockquote><p>The team is now seeking the help of domain name marketplace GoDaddy to take down the front end of its website, multichain dot org. Multichain&#8217;s native token MULTI slumped 14% in the last 24 hours. </p><figure class="wp-block-image size-large"><img width="1024" height="375" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-1024x375.png" alt="Multichain To Shut Down Protocol, Team Say CEO&#039;s Sister Was Arrested After Moving $220 Million In User Funds 10" class="wp-image-583071" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-1024x375.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-300x110.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-770x282.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-1536x562.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-269x98.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-746x273.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17-1376x503.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MULTIUSDT_2023-07-14_11-34-17.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Multichain To Shut Down Protocol, Team Say CEO&#039;s Sister Was Arrested After Moving $220 Million In User Funds 22"><figcaption><strong><a href="https://www.tradingview.com/symbols/MULTIUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/MULTIUSDT/" rel="noreferrer noopener">MULTI/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/multichain-to-shut-down-protocol-team-say-ceos-sister-was-arrested-after-moving-220-million-in-user-funds</link><guid>598275</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Multichain-To-Shut-Down-ASAP-Team-Say-CEOs-Sister-Was-Arrested-After-Moving-220-Million-In-User-Funds-770x433.jpg</dc:content ><dc:text>Multichain To Shut Down Protocol, Team Say CEO’s Sister Was Arrested After Moving $220 Million In User Funds</dc:text></item><item><title>Coinbase Relists XRP After Court Rules It’s Not a Security</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-770x403.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Relists XRP After Court Rules It&#039;s Not a Security 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-770x403.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-300x157.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-1024x536.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-500x262.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-269x141.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-746x390.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1.png 1032w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Relists XRP After Court Rules It&#039;s Not a Security 25"><p>In welcoming news for crypto fans, crypto exchange Coinbase has made the announcement today that it will be relisting XRP (XRP) on the XRP network subject to liquidity requirements being met. Trading of XRP is expected to commence later today. </p><p>Coinbase has planned to launch trading on its XRP USD, XRP USDT, and XRP EUR trading pairs in stages following the establishment of a suitable supply of this asset. The resumption of XRP trading on Coinbase comes after an absence spanning almost two years.</p><p>In January 2021 Coinbase had decided to delist $XRP from its platform due to concerns surrounding the security and regulatory status of this cryptocurrency. However, a recent ruling by a U.S. District Court judge has altered the landscape by asserting that the Securities and Exchange Commission (SEC) lacked authority in initiating enforcement action against Ripple Labs, the entity behind XRP.</p><p>This court ruling effectively paved the way for Coinbase to reinstate trading activities for XRP as it clarified that XRP does not meet the definition of a security according to the SECs guidelines. The SEC defines a security as &#8220;an investment contract,&#8221; which involves an arrangement facilitating investor anticipation for returns arising from others&#8217; dedicated efforts. The court established that there is no investment contract inherent in XPR therefore rendering it outside this classification.</p><p>Coinbases decision to relist brings about a significant triumph since it signifies their success in contesting the SECs position and clarifies that categorically, XRP should not be considered as a security</p><p><strong>For Ripple Labs.</strong></p><p>This positive development bears potential implications relating to increased adoption by mainstream investors moving forward. What does this signify for users of XRP?</p><p>The reinstatement of XRP trading on Coinbase brings forth constructive prospects for this cryptocurrency. Its return is predicted to enhance liquidity levels along with fostering more robust trade volume.</p><p>This outcome also contributes towards greater legitimacy within investor and regulatory circles.</p><p>Nonetheless, it remains imperative to bear in mind that XRP remains a highly fluctuating form of cryptocurrency. The cost of XRP may experience significant fluctuations in the near future. It is important for investors to carefully consider the associated risks before deciding to invest in XRP.</p><p></p><p></p><p></p>]]></description><link>https://m.coinsnews.com/coinbase-relists-xrp-after-court-rules-its-not-a-security</link><guid>598133</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/xrp_cover-1032x540-1-770x403.png</dc:content ><dc:text>Coinbase Relists XRP After Court Rules It’s Not a Security</dc:text></item><item><title>Crypto Industry Leaders Applaud Ripple After Judge Rules XRP Is Not A Security</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Industry Leaders Applaud Ripple After Judge Rules XRP Is Not A Security 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Industry Leaders Applaud Ripple After Judge Rules XRP Is Not A Security 22"><ul><li>The judge overseeing the SEC’s lawsuit against Ripple has ruled that XRP cannot be considered an investment contract.&amp; </li><li>Crypto leaders including Gemini’s Cameron Winklevoss and Cardano’s Charles Hoskinson congratulated Ripple for its victory.&amp; </li><li>XRP has gained more than 55% following the highly anticipated summary judgment by Judge Analisa Torres.&amp; </li><li>The judgment paves the way for crypto assets like ADA, MATIC, and SOL to be identified as non-security tokens.&amp; </li></ul><p>The judge overseeing the Securities and Exchange Commission’s lawsuit against Ripple handed a major victory to the latter earlier today after she ruled that XRP couldn’t be qualified as an investment contract. The summary judgment by New York Judge Analisa Torres cleared up the long-standing debate on whether XRP was a security. According to Judge Torres, none of XRP’s sales barring the institutional ones, can be considered securities. </p><h2><strong>Charles Hoskinson, Justin Sun &amp; Cameron Winklevoss Celebrate Ripple’s Victory</strong></h2><p>The landmark <a href="https://twitter.com/EleanorTerrett/status/1679514554433257474" rel="nofollow noopener">judgment</a> by federal judge Analisa Torres prompted the most high-profile stakeholders in the crypto industry to celebrate Ripple’s victory. Congratulations poured in from leading crypto personalities, including Gemini co-founder Cameron Winklevoss, Cardano founder Charles Hoskinson and Tron founder Justin Sun. The crypto leaders highlighted the positive implications of Judge Torres’ summary judgment in the closely watched lawsuit. </p><p>SDNY Judge Analisa Torres ruled earlier today that Ripple’s Programmatic Sales and other distributions of XRP did not constitute the offer and sale of investment contracts. However, the federal judge did point out that the institutional sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. Hoskinson took to Twitter earlier today to acknowledge the impact of Ripple’s victory in crypto space and referred to it as a “giant leap for cryptocurrencies”. Tron founder Justin Sun also congratulated Ripple CEO Brad Garlinghouse and his team. Gemini co-founder Cameron Winklevoss was also among the joggers. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="nofollow noopener">@SECGov</a> and <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" rel="nofollow noopener">@GaryGensler</a> have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye <a href="https://t.co/PRuumqQBEL" rel="nofollow">pic.twitter.com/PRuumqQBEL</a></p>&mdash; Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1679533518085300225?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 13, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p> The summary judgment by Judge Torres also led to a 73% rally in XRP’s price. At the time of writing, XRP was trading at $0.80. The summary judgment also set a key legal precedent for the <a href="https://en.ethereumworldnews.com/paradigm-amicus-brief-in-sec-v-bittrex/">SEC</a>’s ongoing lawsuits against Binance and Coinbase, which identified several tokens including ADA, SOL, and MATIC as securities.&amp; These tokens had a visible uptick in their prices following the summary judgment in SEC v Ripple. </p>]]></description><link>https://m.coinsnews.com/crypto-industry-leaders-applaud-ripple-after-judge-rules-xrp-is-not-a-security</link><guid>598134</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1dae1cc4119ae5312b7ea264c5d2d950_w_800_h_450-770x433.jpg</dc:content ><dc:text>Crypto Industry Leaders Applaud Ripple After Judge Rules XRP Is Not A Security</dc:text></item><item><title>Bitget Says It Is Debt Free With Over $1.4 Billion In Reserves</title><description><![CDATA[<img width="770" height="386" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-770x386.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitget Says It Is Debt Free With Over $1.4 Billion In Reserves 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-770x386.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-500x251.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-746x374.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Bitget Says It Is Debt Free With Over $1.4 Billion In Reserves 24"><ul><li>Bitget’s monthly proof of reserves showed that it had a reserve ratio of a whopping 223%.</li><li>The crypto exchange claimed that it had no outstanding debts or liabilities and had a reserve of $1.4 billion.&amp; </li><li>The exchange’s reserve ratios have reportedly exceeded 200% for the past seven months.&amp; </li></ul><p>Singapore-based Bitget recently published its proof of reserves (PoR) which showed a total reserve ratio of 223%. The crypto exchange claimed that this was a new industry benchmark, with the current industry standard at 100%. The exchange also highlighted its debt-free status, claiming that its operations did not rely on loans or users’ funds.&amp; </p><h2><strong>Bitget’s Reserve Ratio Exceeded 200% For Seven Months</strong></h2><p>According to a <a href="https://www.globenewswire.com/news-release/2023/07/13/2704386/0/en/Bitget-s-Latest-Proof-of-Reserves-Sets-New-Industry-Benchmark-with-223-Ratio.html" rel="nofollow noopener">press release</a> by Bitget, the latest proof of reserves reflected its commitment to “radical transparency”. The crypto exchange further revealed that it was proudly debt-free and didn’t have to rely on debt or users’ funds for the platform’s transactions or investments. As per the PoR breakdown, the reserve ratio for USD Coin (<a href="https://en.ethereumworldnews.com/circle-layoffs-focus-on-core-activities/">USDC</a>) was a whopping 2604%. Bitcoin (BTC), Tether USD (USDT), and Ether (ETH) had reserve ratios of 454%, 135%, and 171%, respectively.  The exchange claimed to have consistently maintained a reserve ratio of over 200% for seven months. </p><blockquote class="wp-block-quote"><p>Bitget has no outstanding debts or liabilities and is not listed as a creditor for any recently bankrupt companies. This enables us to efficiently cover users’ assets without depending on external bureaucracy or policy changes.”</p></blockquote><p>Bitget clarified that the high collateralization of certain crypto assets was due to the profit from transaction fees as well as returns on investments and acquisitions. The crypto exchange completed its registration in Lithuania in April this year. In the interest of transparency and consumer protection, the exchange plans to tap multiple audit firms to maintain the integrity of its reserves.&amp; </p><p>Bitget also has a $300 million user protection fund, which makes up for the lack of external insurance for the platform’s users. Managing Director Gracy Chen stated that the exchange would continue to release proof of reserves and prioritize financial and technical stability to set higher standards for the crypto industry.&amp; </p>]]></description><link>https://m.coinsnews.com/bitget-says-it-is-debt-free-with-over-14-billion-in-reserves</link><guid>598021</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitget-770x386.jpg</dc:content ><dc:text>Bitget Says It Is Debt Free With Over $1.4 Billion In Reserves</dc:text></item><item><title>Celsius And Founder Alex Mashinsky Defraud Investors Of Billions, SEC Filed In Manhattan</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Celsius And Founder Alex Mashinsky Defraud Investors Of Billions, SEC Filed In Manhattan 8"><ul><li>The New York Attorney General and the CFTC accused Alex Mashinky&#8217;s Celsius of rule-breaking. &#8216;</li><li>A court-appointed examiner said the trouble crypto firm operated similarly to a pyramid scheme.</li><li>Court documents also show that CEO Alex Mashinsky and other executives <a href="https://en.ethereumworldnews.com/celsius-recover-millions-alex-mashinsky/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/celsius-recover-millions-alex-mashinsky/" rel="noreferrer noopener">withdrew</a> millions from the company leading up to the crash in 2022.</li><li>The SEC is on a marauding crackdown with lawsuits against other entities like Binance and Coinbase.</li></ul><p>Bankrupt crypto firm Celsius and founder Alex Mashinsky are being sued by the U.S. Securities and Exchange Commission (SEC), per <a href="https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky?utm_source=twitter&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_medium=social#xj4y7vzkg" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky?utm_source=twitter&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_medium=social#xj4y7vzkg" rel="noreferrer noopener nofollow">Bloomberg</a>. </p><p>The SEC&#8217;s complaint alleges that Mashinsky deceived investors about the company&#8217;s finances and used unregistered crypto asset securities to raise billions of dollars. Federal prosecutors claimed that Celsius manipulated the price of its own native token CEL.</p><p>Mashinsky, who Justice Department prosecutors say was the architect of intricately organized fraud, faces criminal charges on seven counts in Southern District of New York court. </p><p>Thursday&#8217;s filing in Manhattan follows a flurry of lawsuits from federal regulators against crypto businesses and operations in the U.S. The SEC recently sued two crypto&#8217;s largest exchanges &#8211; <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" rel="noreferrer noopener">Binance and Coinase</a>.</p><h2>Regulators Sue Celsius</h2><p>New York Attorney General Letitia James accused Mashinsky and his company of fraud. In January, an independent court-appointed examiner reported that the crypto lender operated like a Ponzi scheme. </p><p>The U.S. Commodity Futures Trading Commission (CFTC) also told a court tha that<a href="https://en.ethereumworldnews.com/cftc-celsius-alex-mashinsky-broke-rules/" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-celsius-alex-mashinsky-broke-rules/" target="_blank" rel="noreferrer noopener"> Celsius&#8217;s founder and the bankrupt crypto company broke commodities </a>rules. Mashinsky insisted that the products his firm offered were neither securities nor commodities.</p><h2>Mashinsky&#8217;s Risky Bets</h2><p>Celsius once boasted $30 billion in assets before the crypto lender imploded last year. The examiner&#8217;s report said Mashinsky&#8217;s company made dangerous investments using customer funds as capital. </p><p>Mashinsky resigned in September months after Celsius filed for Chapter 11 protection last July and the company currently owes billions in crypto to investors, court documents show. </p><p>Mashinsky&#8217;s company lists among high-profile collapses from 2022 alongside firms like Do Kwon&#8217;s Terraform Labs, and Three Arrows Capital, the failed crypto hedge fund founded by Su Zhu and Kyle Davies. </p>]]></description><link>https://m.coinsnews.com/celsius-and-founder-alex-mashinsky-defraud-investors-of-billions-sec-filed-in-manhattan</link><guid>598022</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png</dc:content ><dc:text>Celsius And Founder Alex Mashinsky Defraud Investors Of Billions, SEC Filed In Manhattan</dc:text></item><item><title>Celsius And Founder Alex Mashinsky Defrauded Investors Of Billions, SEC Filed In Manhattan</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy.png 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Celsius And Founder Alex Mashinsky Defrauded Investors Of Billions, SEC Filed In Manhattan 22"><ul><li>The New York Attorney General and the CFTC accused Alex Mashinsky&#8217;s Celsius of rule-breaking. &#8216;</li><li>A court-appointed examiner said the trouble crypto firm operated similarly to a pyramid scheme.</li><li>Court documents also show that CEO Alex Mashinsky and other executives <a href="https://en.ethereumworldnews.com/celsius-recover-millions-alex-mashinsky/" data-type="URL" data-id="https://en.ethereumworldnews.com/celsius-recover-millions-alex-mashinsky/" target="_blank" rel="noreferrer noopener">withdrew</a> millions from the company leading up to the crash in 2022.</li><li>The SEC is on a marauding crackdown with lawsuits against other entities like Binance and Coinbase.</li></ul><p>Bankrupt crypto firm Celsius and founder Alex Mashinsky are being sued by the U.S. Securities and Exchange Commission (SEC), per <a href="https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky?utm_source=twitter&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_medium=social#xj4y7vzkg" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky?utm_source=twitter&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_medium=social#xj4y7vzkg" rel="noreferrer noopener nofollow">Bloomberg</a>. </p><p>The SEC&#8217;s complaint alleges that Mashinsky deceived investors about the company&#8217;s finances and used unregistered crypto asset securities to raise billions of dollars. Federal prosecutors claimed that Celsius manipulated the price of its own native token CEL.</p><p>Mashinsky, who Justice Department prosecutors say was the architect of intricately organized fraud, faces criminal charges on seven counts in Southern District of New York court. </p><p>Thursday&#8217;s filing in Manhattan follows a flurry of lawsuits from federal regulators against crypto businesses and operations in the U.S. The SEC recently sued two crypto&#8217;s largest exchanges &#8211; <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" rel="noreferrer noopener">Binance and Coinase</a>.</p><h2>Regulators Sue Celsius</h2><p>New York Attorney General Letitia James accused Mashinsky and his company of fraud. In January, an independent court-appointed examiner reported that the crypto lender operated like a Ponzi scheme. </p><p>The U.S. Commodity Futures Trading Commission (CFTC) also told a court tha that<a href="https://en.ethereumworldnews.com/cftc-celsius-alex-mashinsky-broke-rules/" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-celsius-alex-mashinsky-broke-rules/" target="_blank" rel="noreferrer noopener"> Celsius&#8217;s founder and the bankrupt crypto company broke commodities </a>rules. Mashinsky insisted that the products his firm offered were neither securities nor commodities.</p><h2>Mashinsky&#8217;s Risky Bets</h2><p>Celsius once boasted $30 billion in assets before the crypto lender imploded last year. The examiner&#8217;s report said Mashinsky&#8217;s company made dangerous investments using customer funds as capital. </p><p>Mashinsky resigned in September months after Celsius filed for Chapter 11 protection last July and the company currently owes billions in crypto to investors, court documents show. </p><p>Mashinsky&#8217;s company lists among high-profile collapses from 2022 alongside firms like Do Kwon&#8217;s Terraform Labs, and Three Arrows Capital, the failed crypto hedge fund founded by Su Zhu and Kyle Davies. </p>]]></description><link>https://m.coinsnews.com/celsius-and-founder-alex-mashinsky-defrauded-investors-of-billions-sec-filed-in-manhattan</link><guid>598276</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BREAKING-SEC-Sues-Celsius-And-Founder-Alex-Mashinksy-770x433.png</dc:content ><dc:text>Celsius And Founder Alex Mashinsky Defrauded Investors Of Billions, SEC Filed In Manhattan</dc:text></item><item><title>Wallet Enables BTC, USDT &amp; TON Payments For Merchants On Telegram</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-770x462.png" class="webfeedsFeaturedVisual wp-post-image" alt="Wallet Enables BTC, USDT &amp; TON Payments For Merchants On Telegram 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-770x462.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-300x180.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-500x300.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-269x161.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-746x448.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1.png 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Wallet Enables BTC, USDT &amp; TON Payments For Merchants On Telegram 24"><ul><li>TON blockchain’s Wallet has enabled in-app crypto payments for merchants on Telegram.&amp; </li><li>Merchants can now send and receive USDT, BTC, and TON on the messaging app.&amp; </li><li>Wallet’s existing crypto payment services for users on the app have attracted just 0.3% of its 700 million users.&amp; </li><li>TON’s Wallet payments solution initially integrated crypto payments in the app in April 2022.&amp; </li></ul><p>Wallet, the crypto payment service built on The Open Network (TON) blockchain, has enabled in-app crypto payments for merchants on Telegram. The payment service is already integrated into the messaging app and will now allow merchant payments via multiple cryptocurrencies. The expansion to merchant crypto payments comes more than a year after the TON added crypto payments for users on the messaging app.&amp; </p><h2><strong>Less Than 0.3% of Telegram&#8217;s Users Utilized Wallet’s Crypto Payment Service</strong></h2><p>According to a report by <a href="https://www.coindesk.com/business/2023/07/13/telegram-merchants-gain-to-access-crypto-payments-for-first-time/" rel="nofollow noopener">CoinDesk</a>, Wallet will allow merchants on Telegram to integrate crypto into its bots within chats in order to send and receive crypto payments. As of now, the payment service has enabled support for just three cryptocurrencies, Bitcoin (<a href="https://en.ethereumworldnews.com/silk-road-bitcoins-moved-cpi/">BTC</a>), Tether USD (USDT), and toncoin (TON). No visible change was seen in the price of BTC following the announcement. Meanwhile, TON saw a short-lived rally of over 1.5% and was trading at $1.33 at press time. </p><blockquote class="wp-block-quote"><p>In the past, DIY solutions have been available in the form of relatively primitive bots with links to cryptocurrency payment systems or similar products attached to them. With WalletPay, merchants can now seamlessly accept cryptocurrency payments within the Telegram app, with features available such as the ability to make payments directly within chats.”</p></blockquote><p>TON’s Wallet payments solution initially enabled crypto payments in Telegram back in April 2022. Wallet opened the doors for in-app crypto payments for the app’s 550 million users at the time. Despite being active for more than a year, the crypto payment service has not attracted a lot of users. Wallet stated that just 2 million of Telegram’s over 700 million users (0.3%) were using the crypto payment feature.&amp; </p>]]></description><link>https://m.coinsnews.com/wallet-enables-btc-usdt-ton-payments-for-merchants-on-telegram</link><guid>598023</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Brsahaba-selamanya-13-1000x600-1-770x462.png</dc:content ><dc:text>Wallet Enables BTC, USDT &amp; TON Payments For Merchants On Telegram</dc:text></item><item><title>Polygon To Transition MATIC Tokens To POL Coins If Community Approves Roadmap 2.0 Update</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Polygon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-746x419.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="Polygon To Transition MATIC Tokens To POL Coins If Community Approves Roadmap 2.0 Update 22"><ul><li>The major technical upgrade is part of Polygon’s roadmap 2.0 and is subject to community approval.</li><li>The new POL token would replace MATIC as Polygon’s native token and introduce Multichain validation across the L2’s ecosystem.</li><li>Users will have at least four years to swap their MATIC for POL tokens by sending their old coins to a specific contract address.</li><li>If the community approves, the project could initiate this upgrade over the next few months.</li></ul><p>Ethereum scaling network Polygon <a href="https://t.co/ksfA2v1Bts" data-type="URL" data-id="https://t.co/ksfA2v1Bts" target="_blank" rel="noreferrer noopener nofollow">proposed</a> switching out its native token MATIC for a new coin dubbed POL in a move designed to improve interoperability and multichain validation for users across the protocol&#8217;s layer 2 ecosystem. </p><p>Polygon Labs, the company behind MATIC and the scaling solution it is built on, announced the proposal on Thursday as part of &#8220;Roadmap 2.0&#8221;. </p><h2>Polygon&#8217;s New POL Token</h2><p>The new POL token would be accessible across the company&#8217;s <a href="https://en.ethereumworldnews.com/polygon-proposal-pos-chain-zk-compatible/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/polygon-proposal-pos-chain-zk-compatible/" rel="noreferrer noopener">basket of chains</a> like the zkEVM network, Supernets, and its Proof of Stake (PoS) network if the community approves this plan. POL would operate as an asset that users can stake within Polygon&#8217;s ecosystem to earn rewards. </p><p>According to the team, POL also introduces multichain validation functionality and allows holders to access rewards by contributing as validators. </p><blockquote class="wp-block-quote"><p>POL is the 3rd generation of native assets &#8211; a hyperproductive token. Holders can become validators and receive rewards but with two major improvements &#8211; Validators can validate MULTIPLE CHAIN and Chains can offer MULTIPLE ROLES (and corresponding rewards) to validators.</p></blockquote><p>The team said MATIC holders will have at least four years to swap their old tokens for the new POL coin. To do this, users need to send their MATIC to a smart contract provided by the protocol. Users will then receive an equal number of tokens in a 1:1 ratio. No changes to token supply or tokenomics were shared by the team. </p><p>The new token could roll out within the next couple of months if the community approves the plan and gives the green light, the team also said. MATIC was up 4% following the news on Thursday. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-1024x417.png" alt="Polygon To Transition MATIC Tokens To POL Coins If Community Approves Roadmap 2.0 Update 11" class="wp-image-583034" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/MATICUSDT_2023-07-13_13-02-29.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Polygon To Transition MATIC Tokens To POL Coins If Community Approves Roadmap 2.0 Update 21"><figcaption><strong><a href="https://www.tradingview.com/symbols/MATICUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/MATICUSDT/" rel="noreferrer noopener">MATIC/USDT by TradingView</a></strong></figcaption></figure><p></p><p></p>]]></description><link>https://m.coinsnews.com/polygon-to-transition-matic-tokens-to-pol-coins-if-community-approves-roadmap-20-update</link><guid>597966</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Polygon-Matic-Reduces-Headcount-By-20-As-Consolidation-Ramps-Up-770x433.jpg</dc:content ><dc:text>Polygon To Transition MATIC Tokens To POL Coins If Community Approves Roadmap 2.0 Update</dc:text></item><item><title>Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development 24"><ul><li>Binance’s investment arm has committed $15 million to Web3 gaming startup Xterio.&amp; </li><li>Xterio plans to use the funds for developing games and integrating artificial intelligence in its tech development.&amp; </li><li>The Web3 gaming startup’s founding team includes experienced leaders from gaming giants like Electronic Arts and Activision.&amp; </li></ul><p>Binance Labs has invested a whopping $15 million in leading Web3 gaming platform Xterio. As the venture capital and incubation arm of the world’s largest crypto exchange, Binance Labs’ support for Xterio will allow the Switzerland-based game development firm to enhance its game development capabilities in artificial intelligence and Web3 and resolve AI provenance issues in Web3.&amp; </p><h2><strong>Binance Labs’ Investment Will Accelerate Xterio’s Token Launch</strong></h2><p>According to a <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-commits-$15-million-into-xterio-ecosystem-to-expand-its-game-development-capabilities-in-ai-and-web3-1674838563596230735" rel="nofollow noopener">blog post</a> on Binance’s official Website, the Xterio ecosystem is expanding faster than ever. The Web3 gaming startup leverages the power of artificial intelligence to bridge free-to-play genres with on-chain gaming. The long-term strategic partnership with the crypto giant will allow Xterio to expand its tech and further integrate artificial intelligence into its products. The investment will be used to accelerate the development of games incubated by Xterio. </p><p><a href="https://en.ethereumworldnews.com/binance-executives-quit-changpeng-zhao/">Binance</a> co-founder Yi He stated that Xterio’s core team consisted of experienced professionals from the Web2 and Web3 spaces. He, who also heads the crypto exchange’s investment arm, added that the gaming platform would also use the investment to develop games incubated by its partners. </p><blockquote class="wp-block-quote"><p>“In partnership with Binance Labs, we envision unlimited potential, and aim to reinforce our position as a leading Web3-focused publisher with a global reach, utilizing our East and West teams.” </p><cite>Michael Tong, co-founder of Xterio</cite></blockquote><p>The investment from Binance Labs will also accelerate Xterio’s token launch. The token will eventually become a part of the BNB Chain ecosystem and support the Web3 gaming startup’s growth. Xterio’s founding team consists of seasoned leaders from popular gaming giants including Electronic Arts, Activision, Ubisoft, Blizzard, and NetEase. The firm is currently developing an AI toolkit that generates style-consistent, production-quality 2D and 3D assets.</p>]]></description><link>https://m.coinsnews.com/binance-labs-invests-15-million-in-xterio-ecosystem-for-game-development</link><guid>597883</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5b38d3d9-1c56-4ed3-8fde-22769e5d2ce6-770x433.png</dc:content ><dc:text>Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development</dc:text></item><item><title>Google Play Enables Support For NFTs In Apps &amp; Games</title><description><![CDATA[<img width="730" height="486" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Google Play Enables Support For NFTs In Apps &amp; Games 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store.webp 730w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store-269x179.webp 269w" sizes="(max-width: 730px) 100vw, 730px" title="Google Play Enables Support For NFTs In Apps &amp; Games 20"><ul><li>Google has rolled out native support for tokenized digital assets in apps and games on the play store.&amp; </li><li>The tech giant will allow developers to offer games and apps enabled with trading of NFTs.&amp; </li><li>Experts saw the latest policy change as a positive step for the crypto space.&amp; </li><li>Reddit partnered with Google to help update the play store’s policy for digital assets.&amp; </li></ul><p>Google has rolled out native support for tokenized digital assets like non-fungible tokens for apps and games on its play store. In a major policy overhaul, the tech giant will allow developers to offer games and apps that would allow users to buy and sell or earn tokenized assets. Google’s change in stance towards <a href="https://en.ethereumworldnews.com/bitcoin-nfts-added-to-binance-marketplace/">NFTs</a> came as a positive sign for investors, artists, and other stakeholders in the space. </p><h2><strong>Reddit Helped Google Update Its NFT Policy</strong></h2><p>Google stated in a recent <a href="https://android-developers.googleblog.com/2023/07/new-blockchain-based-content-opportunities-google-play.html" rel="nofollow noopener">blog post</a> that the decision to update the policy on tokenized digital assets was taken in order to support developers that wanted to offer a creative and immersive in-app experience to users. Google Play’s policy was accordingly updated to allow the transaction of blockchain-based assets within the applications and games. The move is expected to boost user loyalty via NFT rewards and reimagine traditional games with unique user-owned content. </p><p>Interestingly, social networking giant Reddit and game developer Mythical Games lent a helping hand to Google to overhaul the policy on NFTs in order to offer transparent and responsible engagement with blockchain-based digital content. The companies collaborated to set clear guidelines to promote the safe usage of blockchain technology.&amp; </p><blockquote class="wp-block-quote"><p>We think these new policies are steps forward for both players and developers alike and will positively impact the adoption of new technology while also protecting consumers.&#8221; </p><cite>John Linden, CEO, Mythical Games</cite></blockquote><p>Joseph Mills, a product manager at Google Play, stated that developers who decide to incorporate tokenized digital assets like NFTs on their apps and games would be required to declare the blockchain elements. Furthermore, Google Play will not allow NFT-enabled apps and games that include trading or gambling activities.&amp; </p>]]></description><link>https://m.coinsnews.com/google-play-enables-support-for-nfts-in-apps-games</link><guid>597884</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Google-Play-Store.webp</dc:content ><dc:text>Google Play Enables Support For NFTs In Apps &amp; Games</dc:text></item><item><title>USDC Issuer Circle Announces Layoffs; Will Shift Focus On Core Activities</title><description><![CDATA[<img width="600" height="387" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="USDC Issuer Circle Announces Layoffs; Will Shift Focus On Core Activities 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3.jpg 600w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3-300x194.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3-500x323.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3-269x174.jpg 269w" sizes="(max-width: 600px) 100vw, 600px" title="USDC Issuer Circle Announces Layoffs; Will Shift Focus On Core Activities 22"><ul><li>Circle has decided to lay off some of its employees to improve its financial health.&amp; </li><li>The stablecoin giant plans to focus on core activities and hire for related roles globally.&amp; </li><li>The reduction in the workforce came months after the company revealed its intention to increase the workforce by 25%.&amp; </li><li>The USDC issuer joined the likes of Coinbase and Gemini, who laid off employees earlier this year.&amp; </li></ul><p>Circle Internet Financial, the crypto giant behind the second-largest stablecoin in the world, has announced layoffs. The USDC issuer reduced its workforce and pulled investments from non-core activities in a bid to strengthen its balance. The layoffs came just five months after the firm stated that it would increase its workforce by 25% amid a reduction of workforce at fellow crypto firms.&amp; </p><h2><strong>Circle Will Continue To Hire Globally In Key Areas Of Focus </strong></h2><p>According to a report by <a href="https://www.reuters.com/technology/crypto-firm-circle-cut-workforce-focus-core-activities-2023-07-12/" rel="nofollow noopener">Reuters</a>, Circle’s decision to cut its workforce was part of a broader shift in priorities. The USDC issuer stated that it would focus on core business activities and execution. Layoffs were announced in order to reduce operational headcount and help maintain a strong balance sheet. However, the stablecoin giant stated that it had identified new areas for investment and would continue to hire in key areas of focus globally. </p><p>With the decision to cut the workforce, <a href="https://en.ethereumworldnews.com/fdic-circle-sequoia-svb-top-depositors/">Circle</a> joined fellow crypto firms like Coinbase, Gemini, and Chainalysis, who announced layoffs earlier this year due to a high-interest rate environment and the prolonged crypto winter. Interestingly, Circle’s Chief Financial Officer Jeremy Fox-Green revealed earlier this year that the company was looking to hire more than 200 workers in 2023. </p><p>“We are growing and investing and we are fortunate to be in a financial position to be able to sustain our investments,” Fox-Green told the <a href="https://www.wsj.com/articles/crypto-company-circle-focuses-on-growth-after-canceled-spac-merger-e446f779" rel="noopener">WSJ</a> at the time. The decision to increase the workforce by 25% represented a lower growth rate as compared to 2022 when the firm doubled its headcount from the previous year. </p>]]></description><link>https://m.coinsnews.com/usdc-issuer-circle-announces-layoffs-will-shift-focus-on-core-activities</link><guid>597854</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/ss-5bfc327ac9e77c0051810fc3.jpg</dc:content ><dc:text>USDC Issuer Circle Announces Layoffs; Will Shift Focus On Core Activities</dc:text></item><item><title>Crypto Miner HIVE Pivots To AI, Dumps Blockchain From Its Name</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-770x403.png" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Miner HIVE Pivots To AI, Dumps Blockchain From Its Name 17" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-770x403.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-300x157.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-1024x536.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-500x262.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-269x141.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-746x390.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Miner HIVE Pivots To AI, Dumps Blockchain From Its Name 21"><ul><li>Crypto miner HIVE Blockchain has announced a pivot to artificial intelligence and web3.&amp; </li><li>The Canadian crypto mining firm dumped blockchain from its name and rebranded itself as HIVE Digital Technologies.&amp; </li><li>The former crypto miner plans to use its Nvidia graphic cards for cloud computing.&amp; </li><li>The company’s stock closed 4.6% in the red with trading halted in light of its pivot.&amp; </li></ul><p>Canadian crypto <a href="https://en.ethereumworldnews.com/tether-el-salvador-1-billion-btc-mining/">mining</a> firm HIVE Blockchain has rebranded as HIVE Digital Technologies in a major pivot to artificial intelligence and web3. The Vancouver-based firm dumped blockchain from its name in a bid to reflect it&#8217;s evolving focus on its mission to drive advancements in artificial intelligence applications such as ChatGPT in order to support the new web3 ecosystem. </p><h2><strong>HIVE To Use Its Nvidia Graphics Cards For Cloud Computing</strong></h2><p>According to a <a href="https://hivedigitaltechnologies.com/news/hive-digital-technologies-debuts-new-name-and-strategic-expansion-to-power-the-future-of-artificial-intelligence-with-our-nvidia-gpu-cards/" rel="nofollow noopener">press release</a> from HIVE Digital Technologies, the pivot represented the former crypto miner’s evolving focus on revenue opportunities with its Nvidia graphics processing unit (GPU) cards in the field of cloud computing. The firm plans to employ its fleet of 38,000 graphics cards for computational tasks on a large scale. The strategic shift in priorities will also include a focus on machine learning, and advanced data analysis in order to increase revenue. </p><blockquote class="wp-block-quote"><p>As we expand our GPU Cloud business, we require a strategy that better reflects both sides of our business. We build infrastructure for emerging digital tech, not just blockchain, and we intend to utilize our large fleet of GPUs to grow a cloud hosting business. We believe AI and machine learning are going to drive significant demand for GPU compute going forward.” </p><cite>Aydin Kilic, President, and Chief Executive Officer</cite></blockquote><p>HIVE Digital Technologies also plans to launch a new service called HIVE Cloud, which will be used to rent out the company’s GPU server clusters. This business model aims to compete with major cloud service providers that cater to small and medium business owners. The company’s stock lost more than 4% throughout the day and closed at $5.66. Trading was halted in light of the latest development.</p>]]></description><link>https://m.coinsnews.com/crypto-miner-hive-pivots-to-ai-dumps-blockchain-from-its-name</link><guid>597816</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/opengraph-770x403.png</dc:content ><dc:text>Crypto Miner HIVE Pivots To AI, Dumps Blockchain From Its Name</dc:text></item><item><title>$300 Million In Silk Road Bitcoins On The Move After CPI Data</title><description><![CDATA[<img width="770" height="466" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-770x466.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Silk Road" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-770x466.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-300x181.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-500x302.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-269x163.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-746x451.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data.jpg 860w" sizes="(max-width: 770px) 100vw, 770px" title="$300 Million In Silk Road Bitcoins On The Move After CPI Data 21"><ul><li>Two unconfirmed transactions show that 9,800 Bitcoin linked to dark web marketplace Silk Road was transferred on Wednesday.</li><li>506 BTC was sent to a change address and 0.01 BTC was moved to the wallet 361yog in the first transaction, per reports.</li><li>In the second transaction, the move transferred 8,200 BTC to the same 361yog wallet and 1,118 BTC to a separate change wallet.</li><li>The transactions were discovered shortly after the U.S. CPI data was released but it remains unclear if the government is behind the BTC transfers.</li></ul><p>Crypto addresses with Bitcoin tied to the defunct darknet marketplace Silk Road moved BTC worth around $300 Million to fresh wallets on Wednesday shortly after the CPI data was announced. </p><p>The BTC movements were first noticed by crypto observers over two unconfirmed transactions. In the first transaction, 506 BTC was sent to a change address, and 0.01 BTC was moved to the wallet 361yog. </p><p>Wallet 361yo again received 8,200 BTC worth roughly $250 million in the second transaction. 1,118 BTC was also sent to a change address separate from the first. </p><h2>8200 Silk Road Bitcoin Dispersed Across Multiple Wallets </h2><p>According to blockchain insight provider MistTrack, the 8200 Silk Road Bitcoin seized by the U.S. Justice Department was split across several wallet addresses. Each of the new wallets received 79.2008, MistTrack noted. 1,118 BTC moved to a change address was not moved yet at press time.</p><figure class="wp-block-image size-full"><img width="628" height="581" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Silk-Road-8200-BCT-Shuffle-by-MistTrack.png" alt="$300 Million In Silk Road Bitcoins On The Move After CPI Data 14" class="wp-image-583008" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Silk-Road-8200-BCT-Shuffle-by-MistTrack.png 628w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Silk-Road-8200-BCT-Shuffle-by-MistTrack-300x278.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Silk-Road-8200-BCT-Shuffle-by-MistTrack-269x249.png 269w" sizes="(max-width: 628px) 100vw, 628px" title="$300 Million In Silk Road Bitcoins On The Move After CPI Data 19"><figcaption><strong><a href="https://twitter.com/MistTrack_io/status/1679147960469446656/photo/1" target="_blank" data-type="URL" data-id="https://twitter.com/MistTrack_io/status/1679147960469446656/photo/1" rel="noreferrer noopener nofollow">Silk Road 8200 BCT Shuffle by MistTrack</a></strong></figcaption></figure><p>In March, U.S. authorities<a href="https://en.ethereumworldnews.com/us-dumped-9800-bitcoin-silk-road/" data-type="URL" data-id="https://en.ethereumworldnews.com/us-dumped-9800-bitcoin-silk-road/" target="_blank" rel="noreferrer noopener"> liquidated</a> 9,800 BTC for approximately $216 million. The government also revealed plans to sell off 41,490 BTC in four tranches during 2023. Notably, Coinbase is the official digital asset partner that supports the U.S. government to sell its seized Bitcoin and virtual currencies. The crypto exchange is currently facing a lawsuit filed by the SEC alleging rulebreaking.</p><p>Silk Road forfeited over 51,000 Bitcoins to the U.S. government after creator <a href="https://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/" data-type="URL" data-id="https://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/" target="_blank" rel="noreferrer noopener">Ross William Ulbricht was sentenced to life in prison</a> after his arrest in 2013. The dark web marketplace operated for over two years and allowed users to pay for narcotics, money laundering services, and other illegal operations using BTC.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-1024x417.png" alt="$300 Million In Silk Road Bitcoins On The Move After CPI Data 15" class="wp-image-583012" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-12_17-22-09-1.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="$300 Million In Silk Road Bitcoins On The Move After CPI Data 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/300-million-in-silk-road-bitcoins-on-the-move-after-cpi-data</link><guid>597698</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/300-Million-In-Silk-Road-Bitcoins-On-The-Move-After-CPI-Data-770x466.jpg</dc:content ><dc:text>$300 Million In Silk Road Bitcoins On The Move After CPI Data</dc:text></item><item><title>Aave’s GHO Deployment On Ethereum Inches Closer As DAO Votes In Favor</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png" class="webfeedsFeaturedVisual wp-post-image" alt="Aave" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-300x180.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1024x614.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1536x922.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-500x300.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-269x161.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-746x448.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1376x826.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Aave&#039;s GHO Deployment On Ethereum Inches Closer As DAO Votes In Favor 23"><ul><li>The proposal to launch GHO on Ethereum’s mainnet reached quorum after protocol delegate AaveChan voted “Yae” on Wednesday.</li><li>Aave DAO’s community wholly backed the plan as all members of the DAO voted in support with over 698,000 votes at press time.</li><li>This comes after months of successfully testing the GHO stablecoin on the Ethereum testnet Goerli and developers encountered no major bugs with the token.</li></ul><p>Stablecoin GHO is set to debut on the Ethereum mainnet following Aave DAO&#8217;s <a href="https://app.aave.com/governance/proposal/?proposalId=268" data-type="URL" data-id="https://app.aave.com/governance/proposal/?proposalId=268" target="_blank" rel="noreferrer noopener nofollow">support</a> of a plan to introduce the token via two facilitators. The proposal reached quorum after a key project delegate voted &#8220;Yae&#8221;.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We voted YAE on <a href="https://twitter.com/search?q=%24GHO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$GHO</a> AIP, allowing the proposal to reach quorum.<a href="https://twitter.com/search?q=%24GHO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$GHO</a> should be available on July 15th at ~5:30pm CEST (Paris). <a href="https://t.co/7xR6AgcCE7" rel="nofollow">pic.twitter.com/7xR6AgcCE7</a></p>&mdash; Aave-Chan Initiative (@AaveChan) <a href="https://twitter.com/AaveChan/status/1679034230385287173?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Aave companies floated the proposal in the protocol&#8217;s DAO on Tuesday, arguing that launching GHO on Ethereum would make stablecoin borrowing on the platform more competitive and increase revenue for the $5 billion DeFi lending titan. </p><p>The proposal plans to <a href="https://en.ethereumworldnews.com/aave-dao-stablecoin-gho-on-ethereum/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-dao-stablecoin-gho-on-ethereum/" rel="noreferrer noopener">introduce</a> GHO to Ethereum&#8217;s mainnet via two facilitators. Aave V3 Ethereum Pool Facilitator will allow users to borrow GHO tokens against collateral deposited in V3 Ethereum Mainnet Pool.</p><p>Users can also mint GHO without any collateral by using the FlashMinter Facilitator, provided that the loan is repaid in a single transaction after flash minting Aave&#8217;s stablecoin. The proposal said this method could help to maintain GHO&#8217;s peg and offer arbitrage opportunities for high-level users. </p><blockquote class="wp-block-quote"><p>As a result of this TEMP CHECK, it is agreed by the community that the FlashMinter Facilitators initial bucket capacity will be 2,000,000 GHO and that there will be no fee paid to the Facilitator. In the early stages, GHO&#8217;s ability to maintain its peg will be enhanced by low fees, which further incentivizes arbitrage</p></blockquote><h2>Aave DAO Eyes Friday For GHO Launch On Ethereum</h2><p>Although voting is still on at press time, over 698,000 votes in support of deploying GHO on Ethereum&#8217;s mainnet suggest that the proposal would be approved by 14:21 UTC +01:00 on Friday when voting closes. </p><p>Proponents expect that GHO will then officially launch on Ethereum by July 15 after nearly six months of testing on Goerli by developers. </p>]]></description><link>https://m.coinsnews.com/aaves-gho-deployment-on-ethereum-inches-closer-as-dao-votes-in-favor</link><guid>597699</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png</dc:content ><dc:text>Aave’s GHO Deployment On Ethereum Inches Closer As DAO Votes In Favor</dc:text></item><item><title>FTX Prosecution: Ryan Salame’s $54K Donation To Congressional Candidate Michelle Bond Examined By Federal Investigators</title><description><![CDATA[<img width="770" height="488" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-300x190.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-500x317.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-269x170.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-746x473.jpg 746w" sizes="(max-width: 770px) 100vw, 770px" title="FTX Prosecution: Ryan Salame&#039;s $54K Donation To Congressional Candidate Michelle Bond Examined By Federal Investigators 2"><ul><li>Ex-congressional candidate Michelle Bond received at least $54,000 from Ryan Salame and other former FTX employees during her campaign in 2022.</li><li>Federal prosecutors are now looking into the money Bond received from boyfriend Salame and up to $880,000 she lent to her own election endeavors, WSJ reported on Tuesday.</li><li>Bond also earned $200,000 a year working for the bankrupt crypto exchange as a consultant.</li><li>This particular probe is separate from the case against FTX and Sam Bankman-Fried for allegedly breaking U.S. campaign finance laws by donating millions of customer funds to political candidates.</li></ul><p>According to the <a href="https://www.wsj.com/articles/former-ftx-executive-linked-to-campaign-finance-probe-of-new-york-gop-race-c2b50252" target="_blank" data-type="URL" data-id="https://www.wsj.com/articles/former-ftx-executive-linked-to-campaign-finance-probe-of-new-york-gop-race-c2b50252" rel="noreferrer noopener">Wall Street Journal</a>, federal prosecutors are investigating former FTX exec Ryan Salame and the money he donated to ex-congressional candidate Michelle Bond who also happens to be Salame&#8217;s partner. </p><p>Government lawyers are looking into whether Salame and Bond violated U.S. campaign finance laws as investigators probe all the activities of the FTX crypto exchange following its massive crash last year. </p><p>Bond received up to $54,000 from boyfriend Salame along with funds from other FTX accounts for her campaign last year. Bong who was aiming for the Long Island congressional seat was also on the company&#8217;s payroll, earning $200,000 per year as a consultant. Investigators are also digging into up to $880,000 that Bond lent to her own campaign.</p><p>The probe began in April after authorities seized cellphones belonging to Bond and <a href="https://en.ethereumworldnews.com/fbi-raids-former-ftx-ryan-salames-house/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/fbi-raids-former-ftx-ryan-salames-house/" rel="noreferrer noopener">Salame in a raid on their $4 million Maryland mansion</a>. </p><h2>Prosecutors Set Sights On FTX Execs</h2><p>While Salame was not charged in the case against FTX founder Sam Bankman-Fried for stealing billion in exchange customer funds and defrauding investors, the former company executive is reportedly an unnamed co-conspirator in SBF&#8217;s indictment. </p><p>Federal investigators are also probing other former leadership members like Nishad Singh, Caroline Ellison, and Gary Wang. </p><p>In other news, the crippled crypto exchange launched a <a href="https://claims.ftx.com/" target="_blank" data-type="URL" data-id="https://claims.ftx.com/" rel="noreferrer noopener nofollow">claims portal</a> for customers allowing users to access their accounts and submit a filing to be included in the company&#8217;s court bankruptcy proceedings.</p>]]></description><link>https://m.coinsnews.com/ftx-prosecution-ryan-salames-54k-donation-to-congressional-candidate-michelle-bond-examined-by-federal-investigators</link><guid>597441</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg</dc:content ><dc:text>FTX Prosecution: Ryan Salame’s $54K Donation To Congressional Candidate Michelle Bond Examined By Federal Investigators</dc:text></item><item><title>Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼</title><description><![CDATA[<img width="770" height="488" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-300x190.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-500x317.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-269x170.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License-746x473.jpg 746w" sizes="(max-width: 770px) 100vw, 770px" title="Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼ 21"><ul><li>Ex-congressional candidate Michelle Bond received at least $54,000 from Ryan Salame and other former FTX employees during her campaign in 2022.</li><li>Federal prosecutors are now looking into the money Bond received from boyfriend Salame and up to $880,000 she lent to her own election endeavors, WSJ reported on Tuesday.</li><li>Bond also earned $200,000 a year working for the bankrupt crypto exchange as a consultant.</li><li>This particular probe is separate from the case against FTX and Sam Bankman-Fried for allegedly breaking U.S. campaign finance laws by donating millions of customer funds to political candidates.</li></ul><p>According to the <a href="https://www.wsj.com/articles/former-ftx-executive-linked-to-campaign-finance-probe-of-new-york-gop-race-c2b50252" target="_blank" data-type="URL" data-id="https://www.wsj.com/articles/former-ftx-executive-linked-to-campaign-finance-probe-of-new-york-gop-race-c2b50252" rel="noreferrer noopener">Wall Street Journal</a>, federal prosecutors are investigating former FTX exec Ryan Salame and the money he donated to ex-congressional candidate Michelle Bond who also happens to be Salame&#8217;s partner. </p><p>Government lawyers are looking into whether Salame and Bond violated U.S. campaign finance laws as investigators probe all the activities of the FTX crypto exchange following its massive crash last year. </p><p>Bond received up to $54,000 from boyfriend Salame along with funds from other FTX accounts for her campaign last year. Bong who was aiming for the Long Island congressional seat&amp; was also on the company&#8217;s payroll, earning $200,000 per year as a consultant. Investigators are also digging into up to $880,000 that Bond lent to her own campaign.</p><p>The probe began in April after authorities seized cellphones belonging to Bond and <a href="https://en.ethereumworldnews.com/fbi-raids-former-ftx-ryan-salames-house/" data-type="URL" data-id="https://en.ethereumworldnews.com/fbi-raids-former-ftx-ryan-salames-house/" target="_blank" rel="noreferrer noopener">Salame in a raid on their $4 million Maryland mansion</a>. </p><figure class="wp-container-2 wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-large"><img width="1396" height="930" data-id="583001" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame.png" alt="Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼ 12" class="wp-image-583001" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame.png 1396w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-1024x682.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-1155x770.png 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-1131x754.png 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Ryan-Salame-1376x917.png 1376w" sizes="(max-width: 1396px) 100vw, 1396px" title="Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼ 19"><figcaption>Ryan Salame</figcaption></figure><figure class="wp-block-image size-large"><img width="1068" height="580" data-id="583000" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond.jpg" alt="Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼ 13" class="wp-image-583000" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond.jpg 1068w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-300x163.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-1024x556.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-770x418.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-500x272.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-269x146.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Michelle-Bond-746x405.jpg 746w" sizes="(max-width: 1068px) 100vw, 1068px" title="Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼ 20"><figcaption>Michelle Bond</figcaption></figure></figure><h2>Prosecutors Set Sights On FTX Execs</h2><p>While Salame was not charged in the case against FTX founder Sam Bankman-Fried for stealing billion in exchange customer funds and defrauding investors, the former company executive is reportedly an unnamed co-conspirator in SBF&#8217;s indictment. </p><p>Federal investigators are also probing other former leadership members like Nishad Singh, Caroline Ellison, and Gary Wang. </p><p>In other news, the crippled crypto exchange launched a <a href="https://claims.ftx.com/" target="_blank" data-type="URL" data-id="https://claims.ftx.com/" rel="noreferrer noopener nofollow">claims portal</a> for customers allowing users to access their accounts and submit a filing to be included in the company&#8217;s court bankruptcy proceedings.</p>]]></description><link>https://m.coinsnews.com/former-ftx-executive-investigated-for-suspected-campaign-funding-crimes</link><guid>597586</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/11/Cyprus-Regulators-To-Suspend-FTX-EU-Crypto-License.jpg</dc:content ><dc:text>Former FTX Executive Investigated For Suspected Campaign Funding Crimes￼</dc:text></item><item><title>Arkham’s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On “Dox-To-Earn” Concerns</title><description><![CDATA[<img width="770" height="242" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-770x242.png" class="webfeedsFeaturedVisual wp-post-image" alt="Arkham" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-770x242.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-300x94.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-1024x321.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-1536x482.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-2048x643.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-500x157.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-269x84.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-746x234.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-1376x432.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Arkham&#039;s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On &quot;Dox-To-Earn&quot; Concerns 25"><ul><li>Tuesday&#8217;s press release is in response to concerns from the community calling Arkham&#8217;s new product a &#8220;dox-to-earn&#8221; exchange.</li><li>Arkham said its Intel Exchange will not support trading off-chain information like phone numbers, house addresses, or government names.</li><li>The platform is set to go live on July 18 as an exchange where on-chain sleuths can monetize their skills and create a liquid market for information.</li></ul><p>Arkham Intel Exchange will not support trading off-chain info, the blockchain intelligence provider said on Tuesday amid speculation that its new platform supports doxxing wallet owners. The company also has a public token sale on Binance and an airdrop for users.</p><h2>&#8220;Intel-To-Earn&#8221; Vision Draws Criticism To Arkham&#8217;s Exchange</h2><p>Arkham <a href="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/arkham-allow-users-buy-sell-intel-wallets/" rel="noreferrer noopener">announced</a> its Intel Exchange for monetizing blockchain information and allowing &#8220;talented on-chain sleuths&#8221; to earn for their work. The platform functions in a quid-pro-quo manner where information seeks post requests for data as bounties and sleuths can claim these bounties for a fee. </p><p>Conversely, sleuths or users with in-demand blockchain data can offer their intel for a buy-now price or in auctions. </p><p>The announcement was met with controversy and concerns from the crypto community, with many voices agreeing that the tool could be used to dox wallet owners and sell private information. Skeptics also noticed that referral links generated by users revealed their email addresses. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">On Ref Links<br><br>Because of our upcoming launch, we’ve had millions of people engage with our platform and hundreds of thousands sign up. Understandably, there’s been a lot of attention on our project, the majority of it positive, along with some legitimate criticisms of how we’ve… <a href="https://t.co/0VZFchBg7h" rel="nofollow">pic.twitter.com/0VZFchBg7h</a></p>&mdash; Miguel Morel | Arkham (@RealMiguelMorel) <a href="https://twitter.com/RealMiguelMorel/status/1678530044782583815?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Arkham <a href="https://twitter.com/ArkhamIntel/status/1678761742082662401?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/ArkhamIntel/status/1678761742082662401?s=20" rel="noreferrer noopener nofollow">released</a> a FAQs sheet on Tuesday to address &#8220;inaccurate reporting, doctored images, and other misinformation&#8221; about the Intel Exchange ahead of the launch next week. The startup said its platform is only for trading on-chain analysis and labeling, refuting claims about a &#8220;dox-to-earn&#8221; model that allows users to sell personal information. </p><blockquote class="wp-block-quote"><p>You can&#8217;t exchange off-chain personal information like addresses or phone numbers on the Intel Exchange. No posts calling for or containing such personal information will be allowed on the exchange</p></blockquote><p>The company also denied any affiliation with government agencies following rumors of ties with the CIA and FBI. Arkham added that user data is never sold on its platform. &#8220;Neither user private labels, imported addresses, or any other user data enhance information on the platform.&#8221;, today&#8217;s FAQs post reads.</p><figure class="wp-block-image size-large"><img width="791" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-791x1024.png" alt="Arkham&#039;s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On &quot;Dox-To-Earn&quot; Concerns 14" class="wp-image-582985" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-791x1024.png 791w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-232x300.png 232w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-770x996.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-1187x1536.png 1187w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-1583x2048.png 1583w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-269x348.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-746x965.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-1-1376x1781.png 1376w" sizes="(max-width: 791px) 100vw, 791px" title="Arkham&#039;s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On &quot;Dox-To-Earn&quot; Concerns 23"></figure><figure class="wp-block-image size-large"><img width="791" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-791x1024.png" alt="Arkham&#039;s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On &quot;Dox-To-Earn&quot; Concerns 15" class="wp-image-582986" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-791x1024.png 791w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-232x300.png 232w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-770x996.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-1187x1536.png 1187w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-1583x2048.png 1583w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-269x348.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-746x965.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-FAQs-2-1-1376x1781.png 1376w" sizes="(max-width: 791px) 100vw, 791px" title="Arkham&#039;s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On &quot;Dox-To-Earn&quot; Concerns 24"><figcaption><strong>From Arkham</strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/arkhams-exchange-will-not-support-off-chain-intel-trading-company-speaks-on-dox-to-earn-concerns</link><guid>597380</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkhams-Exchange-Will-Not-Support-Personal-Off-Chain-Info-Company-Says-About-Dox-To-Earn-Concerns-770x242.png</dc:content ><dc:text>Arkham’s Exchange Will Not Support Off-Chain Intel Trading, Company Speaks On “Dox-To-Earn” Concerns</dc:text></item><item><title>Aave DAO Floats Proposal To Launch Stablecoin GHO On Ethereum</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-770x403.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Aave DAO" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-770x403.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-500x262.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-746x391.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Aave DAO Floats Proposal To Launch Stablecoin GHO On Ethereum 27"><ul><li>Aave V3 users will be able to mint GHO tokens on Ethereum&#8217;s mainnet if the proposal is approved by the community.</li><li>The proposal also suggested using staked Aave coins as a way to cut down GHO borrowing costs and incentivize users to mint the stablecoin.</li><li>GHO developers rigorously tested the stablecoin on Ethereum&#8217;s Goerlie testnet since February and did not encounter any major bugs with the product.</li></ul><p>The Aave DAO community will soon vote on a proposal aimed at <a href="https://app.aave.com/governance/proposal/?proposalId=268" target="_blank" data-type="URL" data-id="https://app.aave.com/governance/proposal/?proposalId=268" rel="noreferrer noopener nofollow">launching</a> the GHO stablecoin on Ethereum&#8217;s mainnet after months of testing on Goerli, a popular testnet on Ethereum.</p><p>If approved, users would be able to mint GHO tokens against their collateral directly on Ethereum&#8217;s main chain. GHO&#8217;s interest rate will be changeable through Aave DAO governance votes. </p><p>Proposed by Aave Companies, an active contributor to the DeFi lender, the plan hopes to generate additional revenue for the project&#8217;s DAO. The proposal also would bootstrap competition among stablecoin borrowers on the lender&#8217;s platform, per the AIP. </p><blockquote class="wp-block-quote"><p>If approved, the introduction of GHO would make stablecoin borrowing on the Aave Protocol more competitive and generate additional revenue for the Aave DAO by providing to the DAO treasury 100% of the interest payments made on GHO borrows.</p></blockquote><p>Voting on the proposal opens later today at 22:02 UTC +01:00 and ends 14 Jul 2023, 14:02 UTC +01:00. </p><h2>GHO Minting Via Aave Facilitators, Aave DAO Plans</h2><p>The proposal plans to introduce GHO minting on Ethereum through facilitators &#8211; protocols or entities that are able to burn and mint GHO coins. &#8220;This proposal combined two previously approved Facilitators (the Aave V3 Ethereum Pool and the FlashMinter)&#8221;, the proposal reads. </p><p>This means that users have two options for minting GHO tokens. They can either deposit collateral in the V3 Ethereum Mainnet Pool and borrow GHO through Aave V3 Ethereum Pool or lash mint GHO tokens without any collateral using the FlashMinter Facilitator. The latter option requires that users repay the loan in a single transaction. </p><p>This AIP also proposes slashing the cost of borrowing GHO by using a mechanism built on Staked Aave (stkAAVE).</p><p>In other related news, the DAO is also <a href="https://en.ethereumworldnews.com/aave-dao-votes-ether-wsteth-reth-yield/" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-dao-votes-ether-wsteth-reth-yield/" target="_blank" rel="noreferrer noopener">voting to increase staking revenue</a> by converting unproductive ETH from its treasury into wrapped staked ETH and rocket pool ETH. </p>]]></description><link>https://m.coinsnews.com/aave-dao-floats-proposal-to-launch-stablecoin-gho-on-ethereum</link><guid>597311</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Floats-Proposal-To-Launch-Stablecoin-GHO-On-Ethereum-770x403.jpg</dc:content ><dc:text>Aave DAO Floats Proposal To Launch Stablecoin GHO On Ethereum</dc:text></item><item><title>Paradigm Files Amicus Brief In SEC’s Lawsuit Against Bittrex</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-2.png" class="webfeedsFeaturedVisual wp-post-image" alt="Paradigm Files Amicus Brief In SEC’s Lawsuit Against Bittrex 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-2.png 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-2-269x179.png 269w" sizes="(max-width: 275px) 100vw, 275px" title="Paradigm Files Amicus Brief In SEC’s Lawsuit Against Bittrex 26"><ul><li>Paradigm has filed an amicus brief in the SEC’s lawsuit against crypto exchange Bittrex.&amp; </li><li>The crypto investment firm challenged the securities regulator’s jurisdiction over crypto secondary markets.&amp; </li><li>Paradigm highlighted previous statements by SEC Chair Gensler about the agency’s lack of authority over secondary markets.&amp; </li></ul><p>San Francisco-based Paradigm has filed an amicus brief in the Securities and Exchange Commission’s lawsuit against Seattle-based crypto exchange Bittrex. The crypto investment firm’s amicus filing comes almost three months after the securities regulator sued the crypto exchange for allegedly operating an unregistered securities exchange, broker, and clearing agency in the United States.&amp; </p><h2><strong>SEC v Bittrex : An Attempt To Expand Regulator&#8217;s Jurisdiction?</strong></h2><p>Rodrigo Sierra Silva, Special Counsel for Paradigm, took to <a href="https://twitter.com/RSSH273/status/1678453989258715136" rel="nofollow noopener">Twitter</a> recently to share the news of the crypto investment firm’s amicus brief in SEC v Bittrex. Silva, who previously served as outside counsel to crypto investors and entrepreneurs at Cooley LLP, stated that his company’s filing was to show the rejection of the SEC’s “unsupported attempt” to expand its jurisdiction over crypto secondary markets. </p><blockquote class="wp-block-quote"><p>The SEC’s lawsuit against Bittrex is the first of three cases that the SEC has brought in rapid succession against crypto exchanges. Through these actions, the SEC is wrongfully attempting to lay claim over crypto secondary markets.” </p><cite>Rodrigo Silva, Special Counsel for Paradigm</cite></blockquote><p>The Paradigm lawyer also cited a Congressional testimony by <a href="https://en.ethereumworldnews.com/sec-coinbase-violated-securities-laws/">SEC</a> Chair Gary Gensler, wherein he acknowledged the lack of his agency’s authority to regulate the secondary markets in question. “The exchanges trading in these crypto-assets do not have a regulatory framework,” Gensler stated during his testimony before the House Financial Services Committee on May 6, 2021. </p><p>Silva added that the law hadn’t changed since the SEC Chair’s 2021 testimony and called out the securities regulator for somehow discovering the same authority that it previously acknowledged it did not have. Paradigm believes that the regulator doesn’t have jurisdiction over secondary markets for crypto assets because they do not involve investment contracts and are, therefore, not securities transactions under the agency’s remit.</p>]]></description><link>https://m.coinsnews.com/paradigm-files-amicus-brief-in-secs-lawsuit-against-bittrex</link><guid>597232</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-2.png</dc:content ><dc:text>Paradigm Files Amicus Brief In SEC’s Lawsuit Against Bittrex</dc:text></item><item><title>Microstrategy Stock Soars 7% After Berenberg Says Bitcoin Halving May Trigger Rally</title><description><![CDATA[<img width="299" height="169" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Microstrategy Stock Soars 7% After Berenberg Says Bitcoin Halving May Trigger Rally 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-1.png 299w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-1-269x152.png 269w" sizes="(max-width: 299px) 100vw, 299px" title="Microstrategy Stock Soars 7% After Berenberg Says Bitcoin Halving May Trigger Rally 24"><ul><li>The share price of software firm Microstrategy increased by 7% following a recent projection by Berenberg.&amp; </li><li>The investment bank believes that next year’s Bitcoin halving could trigger a rally in Microstategy’s stock (MSTR).&amp; </li><li>Berenburg’s current MSTR price target is $430, which would be an 18-month high.</li></ul><p>Hamburg-based Berenberg Capital Markets recently circulated a research note which presented the upcoming <a href="https://en.ethereumworldnews.com/blackrock-ceo-larry-fink-pro-bitcoin/">Bitcoin</a> halving as a potential trigger event for the share price of the United States-based software firm Microstrategy. Berenberg believes that the fourth Bitcoin halving could lead to a considerable rally in the share price of Bitcoin maximalist Michael Saylor’s company. </p><h2><strong>Berenberg Shares Bullish Price Target For Microstrategy</strong></h2><p>According to a research note shared with <a href="https://www.theblock.co/post/238784/bitcoin-halving-underpins-bull-case-for-microstrategy-berenberg-says" rel="nofollow noopener">The Block</a>, Berenberg Capital Markets placed most of Microstrategy’s value on the massive Bitcoin holding on its balance sheet, which exceeded a whopping 150,000. The investment bank is counting on the previously seen rally in BTC’s price following the halving event, to trigger a bullish scenario for the share price of Saylor’s company as well. </p><blockquote class="wp-block-quote"><p>&#8220;If the fourth bitcoin halving features he kind of strong rally in the price of bitcoin that occurred prior to and following the first three halvings, then we believe it is likely that MSTR’s stock would rally along with it; the correlation between the company’s share price and the price of bitcoin is ~0.90.&#8221;</p><cite>Berenberg Capital Markets</cite></blockquote><p>Berenberg currently has a rather bullish price target for Microstrategy’s stock, $430 to be precise. The investment bank believes that the software firm’s share price will reach an 18-month high and deliver numbers that were previously witnessed in January 2022. At the time of writing, the stock was trading at $407.7, up more than 7% over the past 24 hours.&amp; </p><p>Previously witnessed trends suggest that Microstrategy’s stock reacts to the price action of Bitcoin. A drop in BTC is usually mirrored by the software company’s share price. A research report released by Standard Chartered on Monday reinforced MSTR’s bull case. The British banking giant increased its BTC price target and stated that the flagship cryptocurrency could reach $130,000 by the end of 2023.&amp; </p>]]></description><link>https://m.coinsnews.com/microstrategy-stock-soars-7-after-berenberg-says-bitcoin-halving-may-trigger-rally</link><guid>597194</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-1.png</dc:content ><dc:text>Microstrategy Stock Soars 7% After Berenberg Says Bitcoin Halving May Trigger Rally</dc:text></item><item><title>Crypto Exchange BitOasis Faces Enforcement Actions From Dubai Regulator</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Exchange BitOasis Faces Enforcement Actions From Dubai Regulator 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Exchange BitOasis Faces Enforcement Actions From Dubai Regulator 26"><ul><li>Dubai’s Virtual Assets Regulatory Authority has initiated enforcement action against UAE-based crypto exchange BitOasis.&amp; </li><li>The local regulator reprimanded the exchange for failure to comply with mandated regulatory conditions.&amp; &amp; </li><li>VARA has also revoked the MVP license which was granted to the crypto exchange in April 2023.&amp; </li><li>VARA’s MVP license was previously described as restrictive by fellow crypto exchange Bybit.&amp; </li></ul><p>United Arab Emirates-based crypto exchange BitOasis found itself in regulatory trouble earlier today after Dubai’s Virtual Assets Regulatory Authority (VARA) initiated enforcement actions against it. VARA’s crackdown on the Middle East-focused crypto exchange was prompted by the latter’s failure to comply with mandated conditions within the timelines prescribed by the local regulator.&amp; </p><h2><strong>Dubai VARA Suspends BitOasis’ MVP License </strong></h2><p>The Virtual Assets Regulatory Committee issued a<a href="https://www.vara.ae/en/" rel="nofollow noopener"> market alert</a> earlier today, informing investors and customers of BitOasis about ongoing supervisory controls and enforcement actions against the crypto exchange. VARA’s reprimand comes just two months after the exchange was issued one of the Emirates’ first minimum viable product (MVP) operational licenses. The license paved the way for the exchange to secure a permit for market operations in the region pending the fulfillment of key conditions. </p><blockquote class="wp-block-quote"><p>“BitOasis is under review for not meeting mandated conditions, required to be satisfied within 30-60 day time frames prior to being permitted to undertake any VARA regulated market activity.”</p><cite>Virtual Assets Regulatory Authority</cite></blockquote><p>The local regulator has suspended BitOasis’ conditional MVP license and announced that the exchange’s license for Institutional and Qualified Retail Investors had become non-operational. This meant that the crypto exchange would have to work with the regulator to sort out the issues before applying for the Full Market Product (FMP) license. VARA noted in its market warning that it would monitor the situation for regulatory compliance and fulfillment of remedial actions imposed on the exchange.</p><p>BitOasis has not issued a statement to address the latest development in its Middle Eastern operations. Fellow crypto exchange <a href="https://en.ethereumworldnews.com/bybit-cyprus-ahead-mica-implementation/">Bybit</a> was issued an MVP license by VARA last month. At the time, Bybit CEO Ben Zhou described the license as restrictive, adding that it only allowed the crypto exchange to cater to a very restricted set of accredited investors.</p>]]></description><link>https://m.coinsnews.com/crypto-exchange-bitoasis-faces-enforcement-actions-from-dubai-regulator</link><guid>597160</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-5-770x433.jpg</dc:content ><dc:text>Crypto Exchange BitOasis Faces Enforcement Actions From Dubai Regulator</dc:text></item><item><title>Grayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-770x578.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Grayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-770x578.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-300x225.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-1024x768.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-500x375.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-269x202.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-746x560.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900.jpeg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Grayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs 26"><ul><li>Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFs</li><li>The DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs.&amp; </li><li>Grayscale’s letter came more than a year after it sued the SEC for denying its spot BTC ETF application.&amp; </li><li>The SEC has since rejected several other spot Bitcoin ETF applications filed by BlackRock, Fidelity, etc.&amp; </li></ul><p>Grayscale Investments, the asset management giant behind the world’s largest Bitcoin, has called out the U.S. Securities and Exchange Commission (SEC) for approving riskier Bitcoin futures ETFs and rejecting applications for the relatively safer spot <a href="https://en.ethereumworldnews.com/former-sec-chair-jay-clayton-bullish-on-bitcoin-etf-approval/">Bitcoin ETFs</a>. The Digital Currency Group (DCG) subsidiary penned a letter to the US Court of Appeals for the District of Columbia Circuit earlier today to express its frustration with the SEC’s recent conduct. </p><h2><strong>Grayscale: Leveraged Bitcoin ETF Exposes Investors To Greater Risk</strong></h2><p>According to the <a href="https://grayscale.com/wp-content/uploads/2023/07/Grayscale-28j-letter-re-2x-BTC-futures-ETF-7.7.23.pdf?sfclid=00Q5G00000Z914hUAB&amp;utm_source=marketo&amp;utm_medium=email&amp;utm_campaign=1339&amp;utm_content=cta-button&amp;mkt_tok=MDAwLUVVRS0xMjUAAAGM33BbCUnPwID7Awua0leTsWOSRQ5nff_0ImhaJUCh-0Ptadnx4NM_XNU4FDzksEmlIHnByT61SEvTXQib2FkCEuq9GiAUgJmazWII3pw" rel="nofollow noopener">letter</a> sent to the Columbia District Court, the SEC’s decision to allow the trading of Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) exposed investors to an investment product that was riskier than Bitcoin futures ETF. The letter was sent by Don Verrilli of Munger, Tolles &amp; Olsen, the law firm which represents Grayscale Investments. The securities regulator approved trading of the BITX ETF starting June 27, 2023. BITX has already accumulated $15 million in assets. </p><blockquote class="wp-block-quote"><p>“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot bitcoin ETPs differently than bitcoin futures ETPs.” </p><cite>Don Verrilli, partner at Munger, Tolles &amp; Olsen</cite></blockquote><p>Verrilli stated in his letter that the 2x Bitcoin Strategy ETF sought to double the performance of the S&amp;P CME Bitcoin Futures Daily Roll Index each day. He added that the Volatility ETF in question exposed investors to even more risks of the BTC markets than Grayscale’s proposed spot Bitcoin exchange-traded product (ETP). The letter from Grayscale comes more than a year after it sued the SEC for denying its spot Bitcoin ETF application.</p>]]></description><link>https://m.coinsnews.com/grayscale-writes-to-us-court-over-secs-unequal-treatment-of-bitcoin-etfs</link><guid>597101</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/grayscale___media_library_original_1200_900-770x578.jpeg</dc:content ><dc:text>Grayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs</dc:text></item><item><title>Former SEC Chair Jay Clayton Bullish on Bitcoin ETF Approval</title><description><![CDATA[<img width="770" height="386" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-770x386.png" class="webfeedsFeaturedVisual wp-post-image" alt="Former SEC Chair Jay Clayton Bullish on Bitcoin ETF Approval 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-770x386.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-500x251.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-746x374.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval.png 974w" sizes="(max-width: 770px) 100vw, 770px" title="Former SEC Chair Jay Clayton Bullish on Bitcoin ETF Approval 26"><p></p><ul><li>Former SEC Chair Jay Clayton expressed strong belief in the approval of a Bitcoin ETF.</li><li>Clayton stated that the Bitcoin market may have matured enough to warrant regulatory approval for an ETF.</li><li>Clayton suggested that it would be difficult to resist approving a Bitcoin Spot ETF if the spot market is comparable in efficacy to the futures market.</li><li>The introduction of a Bitcoin ETF would allow investors to track Bitcoin&#8217;s price movements without directly owning the cryptocurrency, reducing perceived risks.</li></ul><p></p><p>In a recent interview with <a href="https://www.cnbc.com/video/2023/07/10/fmr-sec-chair-jay-clayton-on-u-s-china-relations-were-overly-dependent-on-a-vicious-competitor.html" data-type="URL" data-id="https://www.cnbc.com/video/2023/07/10/fmr-sec-chair-jay-clayton-on-u-s-china-relations-were-overly-dependent-on-a-vicious-competitor.html" rel="noopener">CNBC</a>, the highly regarded former Chair of the U.S. Securities and Exchange Commission (SEC) Jay Clayton, expressed strong belief in the approval of a Bitcoin ETF. </p><p>According to Clayton, the Bitcoin market may have reached a level of maturation that could potentially warrant regulatory approval for an ETF. The increased institutional adoption and market developments should have addressed many concerns previously held by regulators.</p><p>&#8220;We&#8217;ve seen development to the point where companies whose reputation in the market matters are saying that they think that trading and custody around this market are sufficient,&#8221; said Clayton in the interview. </p><p>When asked by the interviewer, &#8220;Can they say NO to a Spot ETF?, Clayton responded &#8220;It would be hard to resist approving a Bitcoin Spot ETF if the spot market has similar efficacy to the futures market. </p><p>With an ETF in place, investors would be able to track Bitcoin&#8217;s price movements without direct ownership of the cryptocurrency itself; this approach mitigates some perceived risks associated with holding digital assets.</p><p>While acknowledging that the SEC bears primary responsibility for investor protection and market integrity Clayton argued that risks related to a Bitcoin ETF have diminished over time due to regulatory advancements and increased oversight in the marketplace. </p><p>Several other countries have already embraced Bitcoin ETFs which highlights that it may be time for the U.S. not to lag behind in embracing such financial innovation.</p><p>Despite this positive outlook. Clayton recognized that any proposal for a Bitcoin ETF should undergo a comprehensive review by the SEC to address potential concerns including market manipulation, custody solutions, and investor protection measures. The former chair stressed on conducting thorough due diligence by the SEC in order to mitigate risks associated with this emerging sector within crypto industry. As discussions surrounding a potential approval of a Bitcoin ETF continue, words from an authoritative figure such as Clayton bolster industry experts&#8217; belief that regulatory approval is well overdue for such an investment vehicle. If approved the introduction of a Bitcoin ETF into the American market may unlock significant possibilities for retail as well as institutional investors interested in participating within the regulated cryptocurrency realm securely.</p><p></p><p> Please take note that this news articles purpose is solely informative devoid of any financial or investment recommendations. We sincerely advise our readership to diligently conduct their own research while also seeking counsel from qualified professionals prior to undertaking any investment endeavors.</p>]]></description><link>https://m.coinsnews.com/former-sec-chair-jay-clayton-bullish-on-bitcoin-etf-approval</link><guid>597102</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Former-SEC-Chair-Jay-Clayton-Bullish-on-Bitcoin-ETF-Approval-770x386.png</dc:content ><dc:text>Former SEC Chair Jay Clayton Bullish on Bitcoin ETF Approval</dc:text></item><item><title>Hong Kong Accountant Duped Of $128,000 In Tether, Police After Crypto Syndicate</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Hong Kong" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate.png 900w" sizes="(max-width: 770px) 100vw, 770px" title="Hong Kong Accountant Duped Of $128,000 In Tether, Police After Crypto Syndicate 22"><ul><li>Hong Kong police are searching for a crypto scammer operation after an account was conned of HK$1 million </li><li>The 29-year-old victim was duped into accepting fake bank notes in exchange for $127,750 in Tether&#8217;s stablecoin USDT.</li><li>Sources say the sour deal went down at a shop on Chatham Road South in Tsim Sha Tsui.</li></ul><p>Police in Hong Kong are investigating a crime syndicate after a local accountant was fleeced of HK$1 million in Tether during an over-the-counter (OTC) exchange in Tsim Sha Tsui.</p><p>According to <a href="https://www.scmp.com/news/hong-kong/law-and-crime/article/3216901/hong-kong-retiree-loses-nearly-hk7-million-2-months-online-cryptocurrency-investment-scam?module=hard_link&amp;pgtype=article" data-type="URL" data-id="https://www.scmp.com/news/hong-kong/law-and-crime/article/3216901/hong-kong-retiree-loses-nearly-hk7-million-2-months-online-cryptocurrency-investment-scam?module=hard_link&amp;pgtype=article" target="_blank" rel="noreferrer noopener nofollow">local media</a>, the accountant was lured to the shop after interacting with an Instagram ad offering high exchange rates. The post included contact information which the victim used to arrive at a basement shop in Chevalier House on Chatham Road South, Tsim Sha Tsui.</p><p>Sources say the accountant hoped to exchange their $127,750 in Tether&#8217;s stablecoin USDT to HK$1 million in an OTC trade. The scammer who impersonated a shop employee offered &#8220;a bundle of HK$1,000 banknotes on the counter for payment of the transaction,&#8221; said a person familiar with the matter. </p><p>The Hong Kong accountant, unaware of the scammer&#8217;s plans, transferred $128,040 in Tether to an e-wallet at their behest. With their booty in hand, the fraudster asked to be excused and disappeared from the shop moments later. </p><p>The accountant realized they had been swindled and contacted local police on Sunday evening around 10 pm. Authorities are reportedly investigating whether the shop was specifically set up to steal the accountant&#8217;s digital currency and how deep the syndicate&#8217;s operations run. </p><h2>Hong Kong&#8217;s Crypto Streets</h2><p>Sunday&#8217;s incident is part of a string of crypto scams besieging Hong Kong&#8217;s burgeoning digital currency ecosystem. Last month, another accountant lost $3.4 million (HK$27 million) to a crypto investment scheme. A retiree lost nearly $1 million of her personal savings to an investment scam in April. It&#8217;s unclear whether cases are unrelated or perpetrated by the same organization.</p><p>Hong Kong recently <a href="https://en.ethereumworldnews.com/hong-kong-considers-huobi-crypto-license/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/hong-kong-considers-huobi-crypto-license/" rel="noreferrer noopener">approved</a> licensing laws and rules for crypto operators in bid to standardize the local industry and attract firms amid the uncertain regulatory atmosphere orbiting the U.S. digital asset market.</p><p>Hong Kong&#8217;s largest bank HSBC also allows <a href="https://en.ethereumworldnews.com/hsbc-hong-kong-users-bitcoin-ether-etfs/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/hsbc-hong-kong-users-bitcoin-ether-etfs/" rel="noreferrer noopener">local clients to directly invest in Bitcoin and Ether</a> via ETF listed on the Hong Kong stock exchange. </p>]]></description><link>https://m.coinsnews.com/hong-kong-accountant-duped-of-128000-in-tether-police-after-crypto-syndicate</link><guid>597037</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Hong-Kong-Accountant-Duped-Of-128000-In-Tether-Police-After-Crypto-Syndicate-770x513.png</dc:content ><dc:text>Hong Kong Accountant Duped Of $128,000 In Tether, Police After Crypto Syndicate</dc:text></item><item><title>Arkham To Allow Users Buy And Sell Intel About Wallet Addresses</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Arkham" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Arkham To Allow Users Buy And Sell Intel About Wallet Addresses 24"><ul><li>The “intel-to-earn” model will allow on-chain sleuths to monetize their skills and create a liquid market for blockchain information, Arkham said on Monday.</li><li>Arkham said intel seeks can post bounties for wanted info and sleuths can offer up data through auctions or fixed prices.</li><li>The project’s token ARKM will also have a token sale on Binance launchpad scheduled for July 18.</li></ul><p>Blockchain intelligence provider Arkham announced a new offering to allow users anonymously buy and sell data about wallet addresses.</p><p>On Monday, the startup unveiled &#8220;The World’s First On-Chain Intelligence Exchange&#8221; for blockchain sleuths and intel seekers alike. Users of the exchange will be able to post intelligence requests in the form of bounties. Sleuths can then claim these bounties and provide the requested intel for an agreed price. </p><p>On-chain sleuths can also offer intel on wallet addresses for a fixed price or via auction to the highest bidder. This &#8220;intel-to-earn&#8221; model will create a liquid market for blockchain information and foster easier monetization for talented on-chain investigators, the intelligence provider said on Monday. </p><blockquote class="wp-block-quote"><p>Our vision for the Arkham Intel Exchange is a decentralized intel-to-earn economy powered by smart contracts, in which any sleuth can earn based on their skills &amp; experience. This ushers in a new era for crypto with a much higher standard of transparency and knowledge.</p></blockquote><p>Intel traded on the Arkham Intel Exchange will be solely accessible to the buyer for a period of 90 days before it is made public to all users. Arkham said this system will allow the buyer to extract alpha in the short run and ensure decentralization of on-chain knowledge in the long run. The exchange will go live on Tuesday, July 18. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Announcing The World’s First On-Chain Intelligence Exchange<br><br>Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. <a href="https://t.co/4xr7dLvOjp" rel="nofollow">pic.twitter.com/4xr7dLvOjp</a></p>&mdash; Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1678339355314900992?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Arkham (ARKM) Token Sale On Binance Launchpad</h2><p>In other news, the Dallas-based blockchain intelligence shop has<a href="https://www.binance.com/en/support/announcement/introducing-the-arkham-arkm-token-sale-on-binance-launchpad-6ad1921b56fb4b369f9cf3e4449e62e2" data-type="URL" data-id="https://www.binance.com/en/support/announcement/introducing-the-arkham-arkm-token-sale-on-binance-launchpad-6ad1921b56fb4b369f9cf3e4449e62e2" target="_blank" rel="noreferrer noopener nofollow"> partnered</a> with Binance Launchpad for a public token sale. The project&#8217;s token ARKM is the 32nd coin to feature a token sale on Binance&#8217;s platform. ARKM&#8217;s token sale will happen on July 18, the same day Arkham&#8217;s Intel exchange debuts for users. </p><p>However, <a href="https://en.ethereumworldnews.com/binances-cz-dispels-fud-around-exits/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binances-cz-dispels-fud-around-exits/" rel="noreferrer noopener">Binance</a> will run a six-day monitoring exercise where users&#8217; BNB balances will be recorded. A subscription feature will open for eligible users on July 17 before the final token allocation on July 18. </p><p>ARKM&#8217;s allocation on the Binance launchpad is hard capped at $2.5 million or 50 million tokens. Individual users will be limited to a max purchase of $15,000 or 300,000 ARKM tokens. The announcement noted that the public token sale price is set at $0.05 per ARKM. </p>]]></description><link>https://m.coinsnews.com/arkham-to-allow-users-buy-and-sell-intel-about-wallet-addresses</link><guid>596909</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Arkham-To-Allow-Users-Buy-And-Sell-Intel-About-Wallet-Addresses-770x404.jpg</dc:content ><dc:text>Arkham To Allow Users Buy And Sell Intel About Wallet Addresses</dc:text></item><item><title>Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-770x514.png" class="webfeedsFeaturedVisual wp-post-image" alt="Terra" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-770x514.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-1024x683.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-1536x1025.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-2048x1366.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-500x334.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-1155x770.png 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-746x498.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-1131x754.png 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-1376x918.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing 22"><p>Summary: </p><ul><li>Co-Founder of Terraform Labs Daniel Shin needs more time to mount his defense, lawyers told a Seoul Court on Monday.</li><li>Shin’s April indictment alleges that the former Terra exec and seven other former company employees broke South Korea’s Capital Markets Act.</li><li>South Korean investigators are also looking to prosecute founder Do Kwon who is in a Montenegrin jail cell for forging travel papers.</li></ul><p>The first hearing for a case against Terraform co-founder Daniel Shin held on Monday following the company&#8217;s astronomical crash last year that deleted over $40 million from investor&#8217;s pockets. </p><p>According to South Korean media outlet <a href="https://m.news1.kr/articles/?5101793" target="_blank" data-type="URL" data-id="https://m.news1.kr/articles/?5101793" rel="noreferrer noopener nofollow">News 1</a>, the Seoul Southern District Court preliminary hearing addressed charges brought against Shin and seven other former Terra employees. Although Shin did not personally appear in court, his lawyers requested more time to mount a defense as the case is highly technical. The court set a date of August 28 for a second hearing.</p><p>Shin and other former executives became subjects of investigations in South Korea following the crash of Terra last year. In April, prosecutors formally <a href="https://en.ethereumworldnews.com/terra-daniel-shin-nine-others-indicted/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/terra-daniel-shin-nine-others-indicted/" rel="noreferrer noopener">indicted Shin</a> and claimed that he violated the country&#8217;s Capital Markets Act. </p><p>While two requests for Shin&#8217;s arrest were denied, authorities have reportedly seized around 247 billion won in assets belonging to former Terra execs. Co-founder Shin and his lawyers denied any wrongdoing and insisted that he left the company prior to any malicious activity. </p><h2>Terra Co-Founders In Legal Bind</h2><p>Indeed, Do Kwon and Daniel Shin who are the co-founders of Terraform Labs face legal consequences after their company&#8217;s massive crash in 2022. Shin is currently on trial in South Korea despite claiming he cut ties with the company before the crash. </p><p>Do Kwon who is wanted by Interpol, South Korean law enforcement, and U.S. authorities, was found guilty of forging travel documents in Montenegro. A judge <a href="https://en.ethereumworldnews.com/do-kwon-4-month-montenegro-forgery/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-4-month-montenegro-forgery/" rel="noreferrer noopener">sentenced Kwon to four months</a> in jail after a court decided that he would remain in detention for the rest of 2023 while authorities consider extradition requests. </p>]]></description><link>https://m.coinsnews.com/lawyers-for-terra-co-founder-daniel-shin-ask-for-more-time-in-preliminary-hearing</link><guid>596910</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Lawyers-For-Terra-Co-Founder-Daniel-Shin-Ask-For-More-Time-In-Preliminary-Hearing-770x514.png</dc:content ><dc:text>Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing</dc:text></item><item><title>Shibarium to Launch in August: What This Means for $SHIB</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Shibarium to Launch in August: What This Means for $SHIB 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-1024x683.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-1376x917.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption.webp 1500w" sizes="(max-width: 770px) 100vw, 770px" title="Shibarium to Launch in August: What This Means for $SHIB 20"><p>Shiba Inu enthusiasts are eagerly anticipating the upcoming launch of Shibarium. The Layer 2 solution designed for the Shiba Inu ecosystem.</p><p>Shibarium is anticipated to have a significant impact on reducing gas fees on the Shiba Inu network ultimately making it more accessible and affordable for users. This development has attracted investors who are already showing interest in SHIB prior to the Shibarium launch over recent weeks.</p><p>The price of SHIB has been steadily rising and was trading as high as $0.0000085 according to <a href="https://www.tradingview.com/chart/DGIEmxZN/?symbol=BINANCE%3ASHIBUSDT" data-type="URL" data-id="https://www.tradingview.com/chart/DGIEmxZN/?symbol=BINANCE%3ASHIBUSDT" rel="noopener">TradingView</a>. Experts predict that following the Shibarium launch there is a possibility that the price could even reach $0.0000100, if not higher.</p><p>The Shibarium launch is <a href="https://www.coindesk.com/tech/2023/07/07/shiba-inu-based-shibarium-blockchain-expected-to-go-live-in-august/" data-type="URL" data-id="https://www.coindesk.com/tech/2023/07/07/shiba-inu-based-shibarium-blockchain-expected-to-go-live-in-august/" rel="nofollow noopener">scheduled </a>to take place in August 2023; although an exact date hasn&#8217;t been disclosed yet. Developers assure that they remain on track with their schedule.</p><p>Once Launched Shibarium will mark a significant milestone for the Shiba Inu ecosystem by introducing improved scalability and efficiency for better user interaction with the network. Consequently this highly anticipated event is also expected to positively influence SHIBs price and potentially lead to wider token adoption. The following are key benefits associated with Shibarium:</p><p><strong>1) Reduced gas fees:</strong> By implementing a proof of stake consensus mechanism instead of Ethereums current proof of work mechanism. Shibarium will substantially lower gas fees on the Shiba Inu network. </p><p><strong>2) Increased scalability: </strong>Compared to Ethereum. Shibarium will be capable of processing a higher number of transactions per second. This enhancement will greatly improve scalability and overall efficiency for the Shiba Inu network.<br><strong>3) Enhanced user experience: </strong>With reduced gas fees and increased scalability provided by Shibarium users will find it more convenient and cost effective to interact within the Shiba Inu ecosystem. The much anticipated launch of Shibarium is undoubtedly poised to be a major catalyst within the Shiba Inu community.</p><p>Further driving growth and development in the ecosystem. The launch of Shibarium is an important development for the Shiba Inu ecosystem. By making the network more scalable, efficient and user friendly it has the potential to increase adoption of the token and raise the price of SHIB. However. It is important to be aware of the risks associated with this project.</p><p>There is a possibility that the project could be delayed or canceled despite the good track record of the Shibarium developers. Additionally, there is always a risk that the project may not meet expectations or could be vulnerable to hacking. If hacking were to occur, it could negatively impact the reputation of the Shiba Inu ecosystem and potentially cause a decline in SHIBs price.</p>]]></description><link>https://m.coinsnews.com/shibarium-to-launch-in-august-what-this-means-for-shib</link><guid>596750</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/03/Turkeys-Minister-Of-Economy-Meets-With-Citizens-To-Discuss-Shiba-Inu-Adoption-770x513.webp</dc:content ><dc:text>Shibarium to Launch in August: What This Means for $SHIB</dc:text></item><item><title>Grayscale Adds Lido to DeFi Fund, Signaling Growing Institutional Interest in Liquid Staking</title><description><![CDATA[<img width="770" height="393" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-770x393.png" class="webfeedsFeaturedVisual wp-post-image" alt="Grayscale Adds Lido to DeFi Fund, Signaling Growing Institutional Interest in Liquid Staking 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-770x393.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-300x153.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-1024x523.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-500x255.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-269x137.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-746x381.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Grayscale Adds Lido to DeFi Fund, Signaling Growing Institutional Interest in Liquid Staking 20"><ul><li>Grayscale Investments, the world&#8217;s largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX).</li><li>The addition of LDO to the Grayscale DeFi Fund demonstrates growing interest in liquid staking services.</li><li>Liquid staking is growing in popularity because it allows users to earn staking rewards while maintaining access to their tokens and increasing their liquidity.</li></ul><p><strong>New York, NY</strong> —<a href="https://grayscale.com/" data-type="URL" data-id="https://grayscale.com/" rel="nofollow noopener"> Grayscale Investments</a>, the world&#8217;s largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX). The addition of LDO makes it the second-largest holding in the fund, after Uniswap (UNI).</p><p><a href="https://lido.fi/" data-type="URL" data-id="https://lido.fi/" rel="nofollow noopener">Lido </a>is a liquid staking service that allows users to stake their Ethereum (ETH) tokens without locking them up. This makes it a popular option for investors who want to earn staking rewards without having to forgo the liquidity of their ETH tokens.</p><p>The addition of LDO to the Grayscale DeFi Fund is a sign of growing interest in liquid staking services. As more and more investors become interested in earning staking rewards, liquid staking services like Lido are likely to become increasingly popular.</p><p><strong>What is liquid staking?</strong></p><p>Liquid staking is a service that allows users to stake their cryptocurrencies without having to lock them up. This means that users can still trade, lend, or use their staked tokens while they are earning staking rewards.</p><p>There are a number of liquid staking services available, including Lido, Rocket Pool, and Stakefish. These services typically work by issuing a token that represents the staked cryptocurrency. For example, when users stake ETH with Lido, they receive stETH tokens. stETH tokens can be traded, lent, or used just like ETH tokens.</p><p><strong>Why is liquid staking growing in popularity?</strong></p><p>There are a number of reasons why liquid staking is growing in popularity. First, it allows users to earn staking rewards without having to lock up their tokens. This can be a major advantage for investors who want to be able to access their funds at any time.</p><p>Second, liquid staking can help to increase the liquidity of staked cryptocurrencies. This is because it allows users to trade, lend, or use their staked tokens without having to unstake them first. This can make it easier for investors to get the most out of their staked cryptocurrencies.</p><p><strong>What does the addition of LDO to the Grayscale DeFi Fund mean?</strong></p><p>The addition of LDO to the Grayscale DeFi Fund is a significant development for the liquid staking space. It is a sign of growing institutional interest in liquid staking services, and it is likely to help to drive further adoption of these services in the future.</p><p>Grayscale is one of the most respected digital asset managers in the world. The addition of LDO to its DeFi Fund is a vote of confidence in the liquid staking space. It is also a sign that institutional investors are starting to take notice of liquid staking services.</p><p><strong>What does the future hold for liquid staking?</strong></p><p>The future of liquid staking looks bright. As more and more investors become interested in earning staking rewards, liquid staking services are likely to become increasingly popular. This is likely to lead to further development of the liquid staking space, as new services and products are introduced.</p><p>It is also possible that liquid staking will eventually become the standard way to stake cryptocurrencies. This is because it offers a number of advantages over traditional staking, such as increased liquidity and flexibility.</p><p><strong>Conclusion</strong></p><p>The addition of LDO to the Grayscale DeFi Fund is a significant development for the liquid staking space. It is a sign of growing institutional interest in liquid staking services, and it is likely to help to drive further adoption of these services in the future.</p><p>The future of liquid staking looks bright, and it is possible that it will eventually become the standard way to stake cryptocurrencies.</p>]]></description><link>https://m.coinsnews.com/grayscale-adds-lido-to-defi-fund-signaling-growing-institutional-interest-in-liquid-staking</link><guid>596450</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/54365Lido-770x393.png</dc:content ><dc:text>Grayscale Adds Lido to DeFi Fund, Signaling Growing Institutional Interest in Liquid Staking</dc:text></item><item><title>SEC Says Coinbase May Have Knowingly Violated Securities Laws</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-4.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Says Coinbase May Have Knowingly Violated Securities Laws 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-4.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-4-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="SEC Says Coinbase May Have Knowingly Violated Securities Laws 20"><ul><li>The United States SEC has filed a response to Coinbase’s motion to dismiss the lawsuit filed against it.&amp; </li><li>The securities regulator asserted that the crypto exchange may have knowingly violated securities laws.&amp; </li><li>The SEC said in its latest filing that it would oppose any motion for judgement that the crypto exchange might file.&amp; </li><li>The regulator also dismissed Coinbase’s suggestion that an IPO approval would protect it from enforcement actions in the future.&amp; </li></ul><p>The U.S. Securities and Exchange Commission has asserted that American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-stock-tanks-downgraded-analyst/">Coinbase </a>may have knowingly violated securities laws. In a filing made with the Manhattan Federal Court, the securities regulator claimed that the crypto exchange was aware that its crypto listings would be under the purview of federal securities laws. </p><h2><strong>SEC Will Oppose Any Motion For Judgement From Coinbase</strong></h2><p>According to the <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.26.0.pdf" rel="nofollow noopener">response</a> sent to U.S. District Judge Katherine Polk Failla, the SEC asked the court to disregard arguments previously made by Coinbase regarding the legality of its crypto listings, citing that the exchange was a multi-billion dollar entity with access to sophisticated legal counsel. The securities regulator further took issue with the crypto exchange’s argument that the approval of its IPO confirmed its underlying business and protected it from future enforcement actions. </p><p>The SEC cited Coinbase’s previous court filings which noted that the uncertainty regarding the security status of the tokens listed on the crypto exchange may pose a risk to its investors.&amp; </p><blockquote class="wp-block-quote"><p>These actions clearly show that Coinbase understood that the securities laws could apply to its conduct and knew which rules to consider in evaluating the legality of its conduct, but nevertheless made the calculated decision to take on this risk in the name of growing its business.&#8221; </p><cite>Securities and Exchange Commission</cite></blockquote><p>The SEC believes that the arguments made by Coinbase are flawed and highlighted that it had adopted the very legal framework as a basis for making listing decisions that it claimed had no applicability to its activities. The response filed with Judge Polk requested the denial of the exchange&#8217;s motion to have the lawsuit dismissed. The regulator also stated that it would oppose any motion for judgement from the crypto exchange.</p>]]></description><link>https://m.coinsnews.com/sec-says-coinbase-may-have-knowingly-violated-securities-laws</link><guid>596366</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/download-4.jpg</dc:content ><dc:text>SEC Says Coinbase May Have Knowingly Violated Securities Laws</dc:text></item><item><title>JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer</title><description><![CDATA[<img width="770" height="474" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-770x474.webp" class="webfeedsFeaturedVisual wp-post-image" alt="JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-770x474.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-300x185.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-1024x630.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-500x308.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-269x165.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-746x459.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer 20"><ul><li>A JPMorgan strategist believes that SEC approval for a spot Bitcoin ETF won&#8217;t be a game changer.&amp; </li><li>The banking giant has argued that similar products have existed in Canada and Europe.&amp; </li><li>The strategist pointed out that Bitcoin funds have attracted little interest from investors over the past two years.&amp; </li><li>JPMorgan’s report acknowledged that spot BTC ETFs would bring more liquidity and transparency to BTC markets.&amp; </li></ul><p>Wall Street giant JPMorgan believes that a spot <a href="https://en.ethereumworldnews.com/blackrock-ceo-larry-fink-pro-bitcoin/">Bitcoin</a> ETF in the United States won’t have the impact that the crypto and TradFi communities believe it will. According to a JPMorgan strategist, the Securities and Exchange Commission’s seal of approval for firms in the U.S. to offer spot BTC ETFs is unlikely to be a game changer for the crypto market. </p><h2><strong>Spot Bitcoin ETFs Would Add Liquidity And Price Transparency</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-07/jpmorgan-says-a-bitcoin-etf-wouldn-t-be-an-industry-game-changer" rel="nofollow noopener">Bloomberg</a>, JPMorgan strategist Nikolaos Panigirtzoglou stated in a note earlier today that the SEC’s approval for a spot BTC ETF is unlikely to be a game changer. The strategist pointed out that similar products have been offered in European and Canadian markets for years and have failed to attract significant investment. The strategist believes that the optimism and hype around such an exchange-traded fund will get a reality check once it hits the American crypto market. </p><blockquote class="wp-block-quote"><p>Bitcoin funds overall, including futures-based and physically backed funds, have attracted little investor interest since Q2 2021, also failing to benefit from investor outflows from gold ETFs over the past year or so.” </p><cite>Nikolaos Panigirtzoglou, Strategist at JPMorgan</cite></blockquote><p>That being said, Panigirtzoglou acknowledged the advantages of having a spot Bitcoin ETF in the U.S. crypto market, adding that physically backed funds offered greater opportunities than futures-based funds. The note from the JPMorgan strategist added that spot ETFs would offer more direct and secure exposure to Bitcoin by addressing issues surrounding custody. He added that spot ETFs would be a more accurate reflection of real-time supply, and bring more liquidity and enhance price transparency in spot bitcoin markets.&amp; </p>]]></description><link>https://m.coinsnews.com/jpmorgan-sec-approval-of-spot-bitcoin-etf-unlikely-to-be-a-game-changer</link><guid>596334</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/7j8kt3u_jp-morgan_625x300_14_April_23-770x474.webp</dc:content ><dc:text>JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer</dc:text></item><item><title>Gemini Sues Barry Silbert And His Company DCG Alleging Fraud Against Earn Users</title><description><![CDATA[<img width="696" height="430" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Gemini" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses.jpeg 696w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses-300x185.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses-500x309.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses-269x166.jpeg 269w" sizes="(max-width: 696px) 100vw, 696px" title="Gemini Sues Barry Silbert And His Company DCG Alleging Fraud Against Earn Users 20"><p>Summary: </p><ul><li>Barry Silbert, DCG, and Genesis knowingly committed fraud against Gemini customers, the lawsuit filed today alleges.</li><li>Gemini insists that Genesis and DCG owe over $700 million to Earn users since late last year.</li><li>The suit is the latest development in an ongoing spat between the company founded by the Winklevoss twins and Barry Silbert’s conglomerate</li></ul><p>Gemini, a crypto exchange founded by the Winklevoss twins, is suing Barry Silbert and his conglomerate Digital Currency Group for<a href="https://t.co/jiquoIbmgp" target="_blank" data-type="URL" data-id="https://t.co/jiquoIbmgp" rel="noreferrer noopener nofollow"> knowingly defrauding Earn customers</a> of nearly a billion in cryptocurrency. </p><p>The suit filed today in a New York court alleges that DCG, its CEO Barry Silbert, and its subsidiary Genesis misinterpreted financial statements knowing fully well the consequences of their actions. &#8220;Genesis was wildly insolvent,&#8221; Cameron Winklevoss said on Friday speaking about Silbert&#8217;s attempts to hide the massive hole in the lender&#8217;s finances. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ Today, <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Gemini</a> filed a lawsuit against <a href="https://twitter.com/DCGco?ref_src=twsrc%5Etfw" rel="nofollow noopener">@DCGco</a> and <a href="https://twitter.com/BarrySilbert?ref_src=twsrc%5Etfw" rel="nofollow noopener">@BarrySilbert</a> personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it.</p>&mdash; Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1677327395869581316?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 7, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Gemini Finally Takes DCG To Court Over Earn Program</h2><p>Last year, Genesis was one of several entities with exposure to failed crypto hedge fund Three Arrows Capital. The lender suffered a $1.2 billion hole in its balance sheet before parent company DCG swooped in to absorb the losses, a move that Gemini insists was made up. </p><blockquote class="wp-block-quote"><p>5/ It&#8217;s now clear this was a carefully crafted lie. DCG didn’t absorb any losses or provide real capital. Behind the scenes, DCG wrote Genesis a sham 10yr promissory note w/ a measly 1% interest rate – worth just a fraction of its $1.1b face amount. Genesis was wildly insolvent.</p><cite>&#8211; Cameron Winklevoss tweets about Friday&#8217;s lawsuit against DCG &amp; Genesis</cite></blockquote><p>A public spat ensued between the crypto exchange and Barry Silbert&#8217;s companies after Genesis filed for bankruptcy late last year. Genesis was the lending partner for Gemini&#8217;s Earn program and was unable to meet client demands. The crypto exchange claims that <a href="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" data-type="URL" data-id="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" target="_blank" rel="noreferrer noopener">Genesis owes Earn users around $766 million</a>, per filings. </p>]]></description><link>https://m.coinsnews.com/gemini-sues-barry-silbert-and-his-company-dcg-alleging-fraud-against-earn-users</link><guid>596217</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Genesis-CEO-Michael-Moro-Steps-Down-Amid-20-Staff-Cuts-And-3AC-Losses.jpeg</dc:content ><dc:text>Gemini Sues Barry Silbert And His Company DCG Alleging Fraud Against Earn Users</dc:text></item><item><title>SEC Investigating DeFi Protocol BarnBridge, BOND Falls 8%</title><description><![CDATA[<img width="770" height="415" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-770x415.png" class="webfeedsFeaturedVisual wp-post-image" alt="BarnBridge" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-770x415.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-300x162.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-500x270.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-269x145.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-746x402.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Investigating DeFi Protocol BarnBridge, BOND Falls 8% 19"><p>Summary: </p><ul><li>BarnBridge DAO was advised to cease all work related to the protocol and halt compensation to individual contributors.</li><li>Legal counsel Douglas Park also told the team to close existing liquidity pools due to an ongoing investigation by the SEC.</li><li>The protocol with over $1.2 million in TVL is the latest target subject of the SEC’s crypto crackdown.</li></ul><p>The U.S. Securities and Exchange Commission (SEC) is investigating decentralized finance service BarnBridge as the regulator tightens the noose around cryptocurrency activity in the United States. </p><h2>BarnBridge DAO Informed Of SEC Probe</h2><p>Douglas Park who is the duly elected legal counsel to BarnBridge DAO told the team to close existing liquidity pools, cease all work related to the protocol&#8217;s product, and pause compensation remitted to individuals for their contribution to the DeFi service. </p><p>Park&#8217;s <a href="https://twitter.com/Barn_Bridge/status/1677110787780018176?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1677110787780018176%7Ctwgr%5Edda16063ebd205a0818ddbc09806bef3c4775849%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpolicy%2F2023%2F07%2F07%2Fbond-token-prices-slumps-10-as-barnbridge-faces-sec-investigation%2F" target="_blank" data-type="URL" data-id="https://twitter.com/Barn_Bridge/status/1677110787780018176?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1677110787780018176%7Ctwgr%5Edda16063ebd205a0818ddbc09806bef3c4775849%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpolicy%2F2023%2F07%2F07%2Fbond-token-prices-slumps-10-as-barnbridge-faces-sec-investigation%2F" rel="noreferrer noopener nofollow">Discord message</a> seen on Friday noted that there is limited information on the SEC&#8217;s actions against BarnBridge DAO and the team members. </p><blockquote class="wp-block-quote"><p>I am letting you know that the Securities and Exchange Commission is investigating Barnbridge DAO and individuals associated with the DAO. Because the SEC&#8217;s investigation is ongoing and non-public, I am limited in the information that I will share publicly. </p><cite>&#8211; Douglas Park&#8217;s message to the team on Discord.</cite></blockquote><p>The DeFi service offers its users a fixed rate on swaps on yield offerings from lenders like Aave. The protocol&#8217;s total value locked (TVL) once boasted over $500 million but floated around $1.2 million at press time. BardBridge&#8217;s BOND coin fell over 8% on Friday following the news. </p><figure class="wp-block-image size-large"><img width="1024" height="375" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-1024x375.png" alt="SEC Investigating DeFi Protocol BarnBridge, BOND Falls 8% 9" class="wp-image-582920" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-1024x375.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-300x110.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-770x282.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-1536x562.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-269x98.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-746x273.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32-1376x503.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BONDUSDT_2023-07-07_14-39-32.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="SEC Investigating DeFi Protocol BarnBridge, BOND Falls 8% 18"><figcaption><strong><a href="https://www.tradingview.com/symbols/BONDUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BONDUSDT/" rel="noreferrer noopener">BOND/USDT by TradingView</a></strong></figcaption></figure><h2>America&#8217;s Crypto Scene Under The Cosh From SEC Actions</h2><p>BarnBridge joins a list of crypto entities that the SEC is either investigating or charging with rule-breaking. </p><p>Decentralized autonomous organizations are also a contentious topic among U.S. regulators and policymakers. The Commodities and Futures Trading Commission <a href="https://en.ethereumworldnews.com/ookidao-loses-cftc-lawsuit-643000-penalty/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ookidao-loses-cftc-lawsuit-643000-penalty/" rel="noreferrer noopener">won its case against Ooki DAO</a> in one of the world&#8217;s first verdicts against a DAO. </p><p>Ooki DAO was ordered to pay $643,542 in penalties and shut down its operation immediately after failing to respond to the CFTC&#8217;s allegations in court. The verdict perhaps sets a dangerous precedent for future DAO cases as these decentralized organizations could be held liable as a &#8220;person&#8221; under the Commodities Exchange Act.</p>]]></description><link>https://m.coinsnews.com/sec-investigating-defi-protocol-barnbridge-bond-falls-8</link><guid>596218</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/SEC-Investigating-DeFi-Protocol-BarnBridge-BOND-Falls-8-770x415.png</dc:content ><dc:text>SEC Investigating DeFi Protocol BarnBridge, BOND Falls 8%</dc:text></item><item><title>Binance’s CZ Dispels “FUD” Around Leadership Departures</title><description><![CDATA[<img width="770" height="913" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-770x913.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-770x913.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-253x300.png 253w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-863x1024.png 863w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-500x593.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-269x319.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-746x885.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures.png 1053w" sizes="(max-width: 770px) 100vw, 770px" title="Binance’s CZ Dispels “FUD” Around Leadership Departures 21"><p>Summary: </p><ul><li>Several senior executives including CSO Patrick Hillmann, SVP for compliance Steven Christie, and General Counsel Han Ng said they are leaving Binance.</li><li>Mainstream media reported that these executives made the decision due to CZ’s response to lawsuits in the U.S.</li><li>Binance CEO Changpeng rebuffed the reports as “FUD” and said the exits are simply part of a turnover.</li></ul><p>Chief executive officer of crypto exchange Binance, Changpeng Zhao, rebuffed reports that senior leadership exits are a sign that the company is about to crumble like former rival FTX. Zhao tweeted that the news surrounding these exits is &#8220;FUD&#8221;. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong.<br><br>As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months…</p>&mdash; CZ ???? Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1677092535871602691?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>On Thursday, <a href="https://fortune.com/crypto/2023/07/06/binance-crisis-executives-quit-changpeng-zhao-justice-department/" data-type="URL" data-id="https://fortune.com/crypto/2023/07/06/binance-crisis-executives-quit-changpeng-zhao-justice-department/" target="_blank" rel="noreferrer noopener nofollow">Fortune</a> and EthereumWorldNews <a href="https://en.ethereumworldnews.com/binance-executives-quit-changpeng-zhao/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-executives-quit-changpeng-zhao/" rel="noreferrer noopener">reported</a> that senior executives at Binance informed CZ of their decision to leave the company. Zhao&#8217;s response to lawsuits from the U.S. Department of Justice was named as the primary reason why these company leaders are exiting. </p><p>Chief strategy officer Patrick Hillmann, senior vice president for compliance Steven Christie, and general counsel Han Ng are among the executives that are leaving Binance. While Hillmann and his colleagues confirmed their individual exits, they noted that the reasons are not connected to any supposed turbulence at the company or the legal issues with the DOJ. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Apologies for any typos, but I was not expecting to be tweeting about this today. <br><br>It’s true that I am leaving <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Binance</a>, but I’m doing so on good terms. I continue to respect and support <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" rel="nofollow noopener">@cz_binance</a> and am grateful for having had the incredible opportunity to work under his…</p>&mdash; Patrick Hillmann (@PRHillmann) <a href="https://twitter.com/PRHillmann/status/1677070523740884992?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Senior Execs Jump Ship As Binance Spars With Regulators</h2><p>The exits come at a time when the SEC and DOJ are lodging accusations against crypto&#8217;s largest centralized exchange. Last month, the Securities and Exchange Commission sued CZ for operating an unregistered securities exchange on American soil. </p><p>Zhao was also accused of knowingly <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">commingling customer and corporate funds</a> through several private entities like Merit Peak. </p><p>Reports claim that criminal charges from the U.S. Justice Department are imminent following a lawsuit from the SEC. </p><p>The company also faces regulatory hurdles in Europe particularly in Australia and France. French authorities raided the Binance office in Paris on suspicions of &#8220;aggravated money laundering&#8221;. Australia&#8217;s securities regulators pulled back its derivatives license and opened a &#8220;targetted review&#8221; of client classification at the exchange. </p>]]></description><link>https://m.coinsnews.com/binances-cz-dispels-fud-around-leadership-departures</link><guid>596154</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binances-CZ-Dispels-FUD-Around-Leadership-Departures-770x913.png</dc:content ><dc:text>Binance’s CZ Dispels “FUD” Around Leadership Departures</dc:text></item><item><title>Judge Forces Genesis And FTX Back To Negotiation Table Over $2 Billion Claim</title><description><![CDATA[<img width="770" height="438" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-770x438.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Judge Forces Genesis And FTX Back To Negotiation Table Over $2 Billion Claim 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-770x438.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-300x171.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-1024x582.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-1536x873.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-500x284.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-269x153.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-746x424.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-1376x782.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1.jpg 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Judge Forces Genesis And FTX Back To Negotiation Table Over $2 Billion Claim 21"><ul><li>The judge overseeing Genesis’ bankruptcy case has ordered the crypto lender and FTX back to the negotiation table.&amp; </li><li>Manhattan Judge Sean Lane wants both parties to exchange information about the dispute over $2 billion owed to FTX.&amp; </li><li>Judge Lane’s latest ruling stated that there will likely be a delay in the payout plan for Genesis’ creditors.&amp; </li></ul><p>The judge overseeing the bankruptcy proceedings of Genesis Global Holdco has ordered the defunct crypto lending firm and bankrupt crypto exchange <a href="https://en.ethereumworldnews.com/ftx-sues-firm-to-recover-700-million-sbf/">FTX</a> back to the negotiation table. The latest order came after both parties failed to reach an agreement regarding the $2 billion that FTX claims are owed to it. </p><h2><strong>Genesis Bankruptcy Judge Expects Delay In Payout To Creditors</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-06/genesis-s-2-billion-spat-with-ftx-may-delay-creditor-payouts?srnd=all" rel="nofollow noopener">Bloomberg</a>, the ongoing dispute between Genesis Global and the Bahamas-based FTX exchange will likely keep the court from considering a payout plan for the crypto lender’s stranded creditors. Both parties are under Chapter 11 bankruptcy and are in the process of recovering money to pay back their creditors. However, earlier this year, FTX laid a stake for a $3.9 billion claim from the DCG subsidiary. </p><p>In the latest court filing, FTX reduced the claim amount to $2 billion. Despite declaring bankruptcy after FTX, Genesis has indicated that it is nearing the completion of the process and has requested Judge Sean Lane to approve a payout plan for its creditors next month. However, the bankruptcy judge indicated that the crypto lender’s plan appeared to be “awfully optimistic” and was likely to slip past the deadline.&amp; </p><p>Meanwhile, Genesis and FTX have put forward separate approaches to reach a resolution in the matter. The bankrupt crypto lender has sought a court date from Judge Lane to determine the legitimacy of the $2 billion claim made by FTX. On the other hand, FTX wants to sue Genesis in Delaware and wants the bankruptcy judge’s permission for the same. The crypto exchange’s bankruptcy proceedings are currently underway in Wilmington, Delaware. In response, Judge Sean Lane refused to grant either request and ordered both parties to exchange information pertaining to the dispute.&amp; </p>]]></description><link>https://m.coinsnews.com/judge-forces-genesis-and-ftx-back-to-negotiation-table-over-2-billion-claim</link><guid>596044</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1x-1-770x438.jpg</dc:content ><dc:text>Judge Forces Genesis And FTX Back To Negotiation Table Over $2 Billion Claim</dc:text></item><item><title>FBI Reportedly Raided Kraken CEO Jesse Powell’s Home Over Hacking Accusation</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-770x404.webp" class="webfeedsFeaturedVisual wp-post-image" alt="FBI Reportedly Raided Kraken CEO Jesse Powell’s Home Over Hacking Accusation 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-770x404.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-300x158.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-1024x538.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-500x263.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-269x141.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-746x392.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="FBI Reportedly Raided Kraken CEO Jesse Powell’s Home Over Hacking Accusation 19"><ul><li>The FBI reportedly carried out a search at the residence of Kraken founder and CEO Jesse Powell.&amp; </li><li>The March 2023 search was over claims that Powell hacked and stalked a non-profit organization.&amp; </li><li>The FBI and federal prosecutors in California have been looking into Powell since September 2022.&amp; </li><li>The investigation is not related to Powell’s crypto business and has not led to any formal charges yet.&amp; </li></ul><p>The Federal Bureau of Investigation reportedly carried out a search at the residence of Jesse Powell, the man behind <a href="https://en.ethereumworldnews.com/kraken-sec-probe-unregistered-securities/">Kraken</a>, the second-largest crypto exchange in the United States. People familiar with the matter revealed that the FBI’s raid was not in connection with Powell’s cryptocurrency business but related to his non-profit ventures. </p><h2><strong>Kraken CEO Was Under Investigation Since Last Fall</strong></h2><p>According to a report by the <a href="https://www.nytimes.com/2023/07/06/technology/jesse-powell-kraken-crypto-fbi.html" rel="nofollow noopener">New York Times</a>, the FBI searched Jesse Powell’s residence in Los Angeles’ Brentwood area in March this year. Documents viewed by NYT revealed that federal agents seized electronic devices from the Kraken CEO’s home during the search. The search was reportedly over accusations against Powell of hacking and cyber-stalking a non-profit. </p><p>The Verge Center for the Arts, which was founded by Jesse Powell, accused him of interfering with its computer accounts and blocking access to emails and other online communications. The FBI and federal prosecutors in California have reportedly been looking into Powell since last fall. No formal charges have been filed against the Kraken founder yet.&amp; </p><p>News of the FBI&#8217;s search and investigation was confirmed by Jesse Powell’s lawyer Brandon Fox, who added that Powell had not done anything wrong. A spokeswoman from Kraken told NYT that the FBI’s investigation of Verge was not related to the crypto exchange in any manner. According to her, the crypto firm had no reason to believe that the investigation involved any other potential issues. At the time of writing, there was no official statement from Jesse Powell regarding the recent developments.&amp; </p>]]></description><link>https://m.coinsnews.com/fbi-reportedly-raided-kraken-ceo-jesse-powells-home-over-hacking-accusation</link><guid>596045</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/5824c6fc8b999-770x404.webp</dc:content ><dc:text>FBI Reportedly Raided Kraken CEO Jesse Powell’s Home Over Hacking Accusation</dc:text></item><item><title>Binance’s Senior Executives Quit Over Changpeng Zhao’s Handling Of Investigations</title><description><![CDATA[<img width="275" height="183" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance’s Senior Executives Quit Over Changpeng Zhao’s Handling Of Investigations 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-1.jpg 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-1-269x179.jpg 269w" sizes="(max-width: 275px) 100vw, 275px" title="Binance’s Senior Executives Quit Over Changpeng Zhao’s Handling Of Investigations 21"><ul><li>Several senior executives at Binance have decided to quit the crypto exchange.</li><li>The executive blamed their decision on CEO Changpeng Zhao’s handling of the investigation by the Justice Department.&amp; </li><li>The departed executives include CSO Patrick Hillmann and Compliance SVP Steven Christie.&amp; </li><li>The latest development led to a considerable decline in the platform’s BNB token.&amp; </li></ul><p>After facing severed banking relationships, hostile regulators, and several instances of FUD, multiple senior executives at Binance have reportedly turned in their resignations. The executives blamed their decision to quit on CEO Changpeng Zhao’s handling of the regulatory inquiries and investigations into the exchange’s operations. Their departure comes amid mounting regulatory and legal troubles for the world’s largest crypto exchange.</p><h2><strong>BNB Tanks After Top Executives Quit Binance</strong></h2><p>According to a report by <a href="https://fortune.com/crypto/2023/07/06/binance-crisis-executives-quit-changpeng-zhao-justice-department/" rel="nofollow noopener">Fortune</a>, senior executives at Binance, including Chief Strategy Officer Patrick Hillmann, Senior Vice President for Compliance Steven Christie, and General Counsel Han Ng, informed the Chief Executive that they were quitting the company. A person familiar with the matter revealed that the executives blamed their departure on Changpeng Zhao’s handling of the investigation by the US Department of Justice. The Justice Department’s probe is just one of many filed by federal agencies in the United States. </p><p><a href="https://en.ethereumworldnews.com/binances-market-share-down-by-10-in-2023/">Binance</a> or CEO Changpeng Zhao have not put out an official statement addressing the news of the recent departures. However, CSO Patrick Hillmann took to Twitter to inform everyone that he was leaving the company on good terms and would continue to respect and support Zhao. The BNB token took a visible hit following the latest development and was trading at $234 at the time of writing. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Apologies for any typos, but I was not expecting to be tweeting about this today. <br><br>It’s true that I am leaving <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Binance</a>, but I’m doing so on good terms. I continue to respect and support <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" rel="nofollow noopener">@cz_binance</a> and am grateful for having had the incredible opportunity to work under his…</p>&mdash; Patrick Hillmann (@PRHillmann) <a href="https://twitter.com/PRHillmann/status/1677070523740884992?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The loss of key figures from legal and compliance departments will likely cause problems for the crypto giant, given that it is juggling several regulatory inquiries. The crypto exchange is currently facing probes from the Securities and Exchange Commission (SEC), and the Commodities and Futures Trading Commission (CFTC), among several other investigations. Matthew Price, Binance’s Chief of Global Investigations and Intelligence, also quit the company recently.&amp; </p>]]></description><link>https://m.coinsnews.com/binances-senior-executives-quit-over-changpeng-zhaos-handling-of-investigations</link><guid>596000</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/images-1.jpg</dc:content ><dc:text>Binance’s Senior Executives Quit Over Changpeng Zhao’s Handling Of Investigations</dc:text></item><item><title>US Homeland Security Helps Bitfinex Recovers $315,000 Lost In 2016 Hack</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-770x403.png" class="webfeedsFeaturedVisual wp-post-image" alt="US Homeland Security Helps Bitfinex Recovers $315,000 Lost In 2016 Hack 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-770x403.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-300x157.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-1024x536.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-500x262.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-269x141.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-746x390.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="US Homeland Security Helps Bitfinex Recovers $315,000 Lost In 2016 Hack 21"><ul><li>Crypto exchange Bitfinex has managed to recover $315,000 that was lost in a hack in 2016.&amp; </li><li>The exchange recovered the funds with help from the U.S. Department of Homeland Security.</li><li>The recovered funds will be redistributed among the victims of the hack on the crypto exchange.&amp; </li><li>The 2016 hack drained nearly 120,000 Bitcoins from the exchange, which are currently valued at $3.7 billion.</li></ul><p>British Virgin Islands-based Bitfinex has managed to recover $315,000 lost in a hack nearly seven years ago. The United States Department of Homeland Security helped the crypto exchange recover the funds in the form of cash and cryptocurrencies as part of an ongoing prosecution of the persons associated with the hack.&amp; </p><h2><strong>Bitfinex Will Redistribute Recovered Funds To Its Victims</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-06/crypto-exchange-bitfinex-says-315-000-from-2016-hack-recovered" rel="nofollow noopener">Bloomberg</a>, Bitfinex worked with Homeland Security to recover the funds that were lost in a hack back in August 2016. The hack drained 120,000 <a href="https://en.ethereumworldnews.com/blackrock-ceo-larry-fink-pro-bitcoin/">Bitcoins</a> from the crypto exchange which was valued at approximately $72 million at the time. At the time of writing, the stolen Bitcoin was valued at a whopping $3.7 billion. The latest recovery is part of the exchange’s ongoing efforts to work with law enforcement and other agencies to recover the crypto assets stolen from the platform. </p><blockquote class="wp-block-quote"><p>The U.S. government continues to make progress in prosecuting individuals involved in the Bitfinex security breach and in seizing funds associated with the theft.&#8221;</p><cite>Bitfinex Staff</cite></blockquote><p>The recovered funds will be redistributed among the holders of Bitfinex’s Recovery Right Tokens. These digital coins were issued to the victims of the hack and represent the funds owed to them. However, given that there are nearly 30 million Recovery Right Tokens in circulation, the victims will likely be refunded a negligible amount from the recent recovery. Authorities arrested a couple last year for allegedly laundering billions worth of Bitcoins associated with the hack. </p>]]></description><link>https://m.coinsnews.com/us-homeland-security-helps-bitfinex-recovers-315000-lost-in-2016-hack</link><guid>595949</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/bitfinex-1-770x403.png</dc:content ><dc:text>US Homeland Security Helps Bitfinex Recovers $315,000 Lost In 2016 Hack</dc:text></item><item><title>Binance Recommends Coinmerce To Netherlands Users Amid Dutch Exit</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-770x462.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-770x462.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-300x180.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-1024x614.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-500x300.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-269x161.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-746x448.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Recommends Coinmerce To Netherlands Users Amid Dutch Exit 21"><p>Summary: </p><ul><li>Users in the Netherlands could choose to withdraw their funds from Binance to Coinmerce, Coinmerce CEO Jaap de Bruijn said in a blog post. </li><li>The company chose Coinmerce as its local partner amid preparations to exit the Dutch market due to regulatory reasons</li><li>Binance is shutting down its operations in the Netherlands and other European jurisdictions while facing lawsuits in the U.S.</li></ul><p>Dutch crypto exchange Coinmerce is an option for Binance users looking to withdraw their funds as crypto&#8217;s largest exchange bows out of the Netherlands due to licensing complications. </p><p>The update was confirmed by both Binance in an email to Dutch users and a <a href="https://coinmerce.io/en/news/binance-offers-dutch-users-switch-to-coinmerce/" target="_blank" data-type="URL" data-id="https://coinmerce.io/en/news/binance-offers-dutch-users-switch-to-coinmerce/" rel="noreferrer noopener nofollow">blog post</a> from Coinmerce. &#8220;The crypto assets of the Dutch users at Binance will be transferred to Coinmerce via a controlled transition,&#8221; said Coinmerce CEO Jaap de Bruijn on Thursday. Notably, the transfer is optional and free.</p><p>Binance is unable to continue servicing Dutch users after failing to secure a license from the Dutch Central Bank as a virtual asset provider. The company will exit the Netherlands and shut down its local business as announced last month. </p><p>Per an email sent to Dutch users, the platform chose Coinmerce as its local partner since it is regulated by the DNB since 2020. Coinmerce boasts a &#8220;nearly identical&#8221; list of cryptocurrencies as <a href="https://www.reddit.com/r/CryptoCurrency/comments/14s43f0/binance_recommending_coinmerce_in_the_netherlands/" target="_blank" data-type="URL" data-id="https://www.reddit.com/r/CryptoCurrency/comments/14s43f0/binance_recommending_coinmerce_in_the_netherlands/" rel="noreferrer noopener nofollow">noted</a> by the exchange in its email to users. </p><h2>Binance In Europe</h2><p>The Dutch Central Bank fined Binance $3.6 million (3.3 million euros) last year for operating without a license. Months later in 2023, the company is winding down local Dutch operations and referring users to a rival exchange. </p><p>French investigators stormed the platform&#8217;s Paris office as part of a probe into suspected money laundering. Australia&#8217;s securities regulator ASIC revoked the company&#8217;s license and also <a href="https://en.ethereumworldnews.com/binance-australia-probed-derivatives/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australia-probed-derivatives/" rel="noreferrer noopener">launched a probe into client classification</a> at the exchange. </p><p>The company has reaffirmed its commitment to complying with local laws and working with regulators to secure licenses needed to service users across jurisdictions. </p>]]></description><link>https://m.coinsnews.com/binance-recommends-coinmerce-to-netherlands-users-amid-dutch-exit</link><guid>595850</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Binance-Recommends-Coinmerce-To-Netherlands-Users-Amid-Dutch-Exit-770x462.png</dc:content ><dc:text>Binance Recommends Coinmerce To Netherlands Users Amid Dutch Exit</dc:text></item><item><title>CFTC Finds Celsius And Alex Mashinsky Guilty Of Breaking US Rules</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CFTC Finds Celsius And Alex Mashinsky Guilty Of Breaking US Rules 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="CFTC Finds Celsius And Alex Mashinsky Guilty Of Breaking US Rules 21"><ul><li>The United States CFTC has concluded that Celsius Network and its former CEO Alex Mashinsky broke US laws.&amp; </li><li>Attorneys in CFTC’s enforcement unit have determined that the defunct crypto lender misled investors.&amp; </li><li>The CFTC could file a federal case this month if a majority of its commissioners come to an agreement.&amp; </li><li>The platform’s native token CEL has tanked over 12% over the past 24 hours.&amp; </li></ul><p>The U.S. Commodities and Futures Trading Commission (CFTC) has concluded its probe into the <a href="https://en.ethereumworldnews.com/wintermute-helped-mashinsky-dupe-celsius/">Celsius</a> Network and found that the crypto lender and its founder and former CEO Alex Mashinsky, broke the country’s laws before the firm imploded in mid-2022. The revelation comes almost a year after the crypto lender filed for Chapter 11 bankruptcy, leaving thousands of customers and creditors stranded.&amp; </p><h2><strong>CFTC Could File A Federal Case Against Celsius This Month</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-05/cftc-probe-concludes-crypto-lender-celsius-ex-ceo-mashinsky-broke-rules" rel="nofollow noopener">Bloomberg</a>, the attorneys in the CFTC’s enforcement unit determined that Celsius misled its investors. The attorneys further stated that the defunct crypto lender should have registered itself with the commodities regulator. The CFTC has concluded that Celsius and its former CEO Alex Mashinsky broke U.S. regulations. People familiar with the matter revealed that the CFTC could file a federal case against the crypto lender this month if a majority of its commissioners agree with that conclusion. </p><p>Mashinsky is already facing a civil lawsuit from the state of New York. In the lawsuit filed by New York Attorney General Letitia James in January this year, the founder of the defunct crypto exchange was accused of defrauding investors out of billions of dollars by misleading them and misrepresenting the financial health of his crypto firm.&amp; </p><p>Court <a href="https://cases.stretto.com/public/x191/11827/PLEADINGS/1182710062280000000010.pdf" rel="nofollow noopener">filings</a> previously made by the bankrupt crypto firm revealed that it was facing regulatory inquiries from several U.S. agencies, including the Securities and Exchange Commission, Massachusetts Securities Division, and the Washington Department of Financial Institutions Securities Division. The latest development in Celsius’ case led to a decline of over 12% in the platform’s native token CEL. At the time of writing, the token was trading at $0.15.&amp; </p>]]></description><link>https://m.coinsnews.com/cftc-finds-celsius-and-alex-mashinsky-guilty-of-breaking-us-rules</link><guid>595718</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/faf52da6-5c97-4ae6-b00d-241ded5b9110-770x433.jpg</dc:content ><dc:text>CFTC Finds Celsius And Alex Mashinsky Guilty Of Breaking US Rules</dc:text></item><item><title>BlackRock CEO Larry Fink Is Pro-Bitcoin, Calls It An International Asset</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BlackRock CEO Larry Fink Is Pro-Bitcoin, Calls It An International Asset 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-2048x1366.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-1376x918.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BlackRock CEO Larry Fink Is Pro-Bitcoin, Calls It An International Asset 21"><ul><li>BlackRock CEO Larry Fink has taken a friendlier stance towards Bitcoin and the broader crypto space.&amp; </li><li>Fink described Bitcoin as an international asset that he would like to democratize.</li><li>BlackRock is looking to work closely with regulators in the U.S. to further Bitcoin adoption through a spot BTC ETF.&amp; </li><li>Larry Fink previously dismissed Bitcoin calling it a tool for money laundering.&amp; </li></ul><p>Larry Fink, the man behind the world’s largest asset manager, has taken a rather friendly stance towards Bitcoin and the broader crypto space. As the Chief Executive of <a href="https://en.ethereumworldnews.com/nasdaq-blackrock-spot-bitcoin-etf-sec/">BlackRock</a> Inc, Fink described Bitcoin as an international asset in an interview with Fox Business earlier today. His support for the flagship cryptocurrency came just days after his firm filed an application with the SEC to offer a spot Bitcoin ETF. </p><h2><strong>BlackRock Wants To Democratize Bitcoin</strong></h2><p>In an <a href="https://www.youtube.com/watch?v=R6H4eVwJpSw" rel="nofollow noopener">interview</a> hosted by Fox Business’ Charles Gasparino, BlackRock CEO Larry Fink stated that his company wants to democratize Bitcoin and the broader crypto market and make it easier and less expensive for investors to explore this asset class. Fink added that he saw the potential in Bitcoin to revolutionize finance by tokenizing assets and securities. He also described BTC as digital gold and compared it with gold in the context of hedging against inflation. </p><blockquote class="wp-block-quote"><p>We hope that, like in the past, we could be working with our regulators and get the filing approved one day, and I have no idea what that one day will be, but we’ll see how that all plays out.”</p><cite>Larry Fink, CEO of BlackRock Inc. </cite></blockquote><p>Larry Fink also revealed that his $8.5 trillion asset management giant was working closely with regulators in the United States to seize the opportunity presented by Bitcoin. BlackRock’s application to offer a spot BTC ETF was recently rejected by the Securities and Exchange Commission. According to Fink, the securities regulator should look at the ETF filing as a way to democratize crypto. His latest comments on Bitcoin were the complete opposite of his stance back in 2017 when he described BTC as a tool for money laundering and other illicit activities.</p>]]></description><link>https://m.coinsnews.com/blackrock-ceo-larry-fink-is-pro-bitcoin-calls-it-an-international-asset</link><guid>595674</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/2KEC5KNCT5NODMJYYYGFBZEPOQ-770x513.jpg</dc:content ><dc:text>BlackRock CEO Larry Fink Is Pro-Bitcoin, Calls It An International Asset</dc:text></item><item><title>Binance’s Market Share Down By Double Digits In 2023</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance’s Market Share Down By Double Digits In 2023 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Binance’s Market Share Down By Double Digits In 2023 18"><ul><li>Binance has lost more than 10% of its market share since the beginning of 2023.&amp; </li><li>Rival exchanges like Bybit and OKX have absorbed the freed-up market share.&amp; </li><li>Meanwhile, the market share of the American arm of the crypto exchange has sunk below 1%.&amp; </li><li>Regulatory crackdowns and the lawsuit by the SEC have been blamed for the tanking market share.&amp; </li></ul><p>The crypto market share of the largest crypto exchange in the world has gone down by double digits since the beginning of 2023. <a href="https://en.ethereumworldnews.com/binance-australia-probed-derivatives/">Binance’s</a> market share has taken a hit from recent regulatory crackdowns and the lawsuit filed by the U.S. Securities and Exchange Commission last month. Meanwhile, the crypto exchange’s American arm has also lost a significant share of the crypto market. </p><h2><strong>Binance CEO Changpeng Zhao Expects Heavy Trading Volume</strong></h2><p>According to a report by crypto analytics firm <a href="https://research.kaiko.com/reports/quarterly-report-q2-2023" rel="nofollow noopener">Kaiko</a>, Binance’s market share of spot volumes has dropped from 64% to 53% since January 2023. The regulatory crackdown, as well as legal trouble associated with the SEC and the CFTC, has led to the shedding of more than 10% of the crypto giant’s market share. Rival crypto exchanges, including Bybit and OKX, have benefitted from Binance’s woes by soaking up the market share lost by the crypto giant. </p><p>Meanwhile, Binance US’s market share slipped below 1% in the second quarter of 2023. The international exchange’s derivatives volume has also taken a hit this year. Following the lawsuit by CFTC, the exchange’s perpetual market share dropped from 66% to 56%. Kaiko reported that American crypto giant Coinbase also suffered a similar fate with its market share going from 8% to 5.4%.</p><p>Despite the sinking market share and mounting regulatory and legal trouble, Binance CEO Changpeng Zhao remains optimistic about the future of his crypto exchange. In a recent ask-me-anything session hosted on Twitter, Zhao stated that the trading platform is undergoing a lot of preparation in order to ready the systems to sustain higher crypto trading volumes. Citing historical patterns, Zhao stated that he was expecting increased trading activity in the next 6 to 18 months.&amp; </p>]]></description><link>https://m.coinsnews.com/binances-market-share-down-by-double-digits-in-2023</link><guid>595635</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/220304081941-binance-crypto-app-stock-770x433.jpg</dc:content ><dc:text>Binance’s Market Share Down By Double Digits In 2023</dc:text></item><item><title>Coinbase Stock Tanks After Being Downgraded By Piper Sandler</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Stock Tanks After Being Downgraded By Piper Sandler 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839.webp 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Stock Tanks After Being Downgraded By Piper Sandler 20"><ul><li>An analyst from Piper Sandler downgraded the stock of crypto exchange Coinbase earlier today.&amp; </li><li>The analyst cited uncertainty in the crypto market and the ongoing legal battle with the United States SEC.&amp; </li><li>Coinbase’s share price fell by more than 4% following the projection from Piper Sandler’s analyst.&amp; </li><li>The analyst expects the trading volumes for Q2’23 to be the lowest in two years.&amp; </li></ul><p>An analyst from the U.S.-based investment bank Piper Sandler downgraded the country’s largest crypto exchange. Analyst Patrick Moley circulated a note earlier today wherein he shared a grim outlook for <a href="https://en.ethereumworldnews.com/coinbase-brian-armstrong-sold-29000-share/">Coinbase’s </a>stock, leading to a considerable decrease in the share price. The downgrade came just a week after German banking giant Berenberg warned that the stock’s recent rally could be short-lived. </p><h2><strong>Coinbase Stock Down 4.7% </strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-05/coinbase-downgraded-as-analyst-says-crypto-limbo-dims-revenue-outlook" rel="nofollow noopener">Bloomberg</a>, Piper Sandler’s Patrick Moley cited Coinbase’s ongoing legal trouble with the U.S. Securities and Exchange Commission (SEC) for his latest projections. Moley also highlighted the continued lack of regulatory clarity in the United States, which according to him has created too much uncertainty in the cryptocurrency market to prudently project revenues in the coming years. </p><p>In the note shared earlier today, the Piper Sandler analyst downgraded his Coinbase recommendation from overweight to neutral. According to him, the trading volumes and the monthly transacting user totals for the second quarter of 2023 will be the lowest in over two years. Moley cut the price target of the stock from $65 to $60. The crypto exchange’s share price fell over 4% following the news. However, at the time of writing, the stock had slightly recovered and was trading at $78.&amp; </p><p>The bearish projection from Piper Sandler came after the crypto exchange’s stock gained more than 50% over the past 30%. Much of the rally was triggered by applications for spot Bitcoin exchange-traded funds (ETF) from traditional finance giants, including BlackRock and Fidelity which named Coinbase as a crypto custodian. However, Berenberg warned last week that the rally triggered by back-to-back BTC ETF applications may not last long.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-stock-tanks-after-being-downgraded-by-piper-sandler</link><guid>595582</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1234552839-770x433.webp</dc:content ><dc:text>Coinbase Stock Tanks After Being Downgraded By Piper Sandler</dc:text></item><item><title>Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing</title><description><![CDATA[<img width="770" height="402" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-770x402.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="spot Bitcoin ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-770x402.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-1024x535.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-500x261.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-746x390.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing 21"><p>Summary: </p><ul><li>Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday.</li><li>The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded.</li><li>Valkyrie, like other asset managers, names Coinbase as its partner for the contentious surveillance-sharing agreement meant to tackle market manipulation.</li></ul><p>Trillion-dollar asset manager Valkyrie Digital Assets <a href="https://www.bloomberg.com/news/articles/2023-07-05/valkyrie-is-latest-etf-issuer-to-refile-bitcoin-fund-application?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-05/valkyrie-is-latest-etf-issuer-to-refile-bitcoin-fund-application?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter" target="_blank" rel="noreferrer noopener nofollow">submitted</a> another application for a spot Bitcoin ETF after the U.S. Securities and Exchange Commission rejected previous attempts, saying that the filings did not address market manipulation concerns or meet the regulator&#8217;s requirements. </p><p>Valkyrie&#8217;s 19b-4 filing with the SEC names crypto exchange Coinbase as its partner for a contentious surveillance-sharing agreement. Notably, other issuers like BlackRock and Fidelity named Coinbase as their surveillance partners as well despite a hanging lawsuit against the exchange from America&#8217;s top securities regulator. </p><p>The asset manager argued its case for choosing Coinbase as its partner, noting that Nasqad previously executed a term sheet with the crypto exchange noted as the largest virtual currency trading venue in the U.S.</p><p>If approved by the SEC, Valkyrie would boast three separate exchange-traded funds that are tied to Bitcoin. In May 2022, the SEC approved Valkyrie&#8217;s Bitcoin futures ETF application that allows the company to offer two ETFs to investors. </p><h2>Spot Bitcoin ETF Wars</h2><p>Valkyrie is the latest wall street firm to enter the spot Bitcoin ETF frenzy as issuers race toward being the first to market with the product. Spot Bitcoin ETF will allow issuers to offer a fund that directly invests in Bitcoin. </p><p>BlackRock, <a href="https://en.ethereumworldnews.com/fidelity-bitcoin-spot-etf-blackrock/" data-type="URL" data-id="https://en.ethereumworldnews.com/fidelity-bitcoin-spot-etf-blackrock/" target="_blank" rel="noreferrer noopener">Fidelity</a>, 21 Shares/ARK Invest, Bitwise, WisdomTree, Invesco, VanECK, and Valkyrie have all filed for spot Bitcoin ETFs with the SEC, Bloomberg analyst James Seyffart confirmed. BlackRock&#8217;s June 15 filing seemingly galvanized a wave of applications. The filing also <a href="https://en.ethereumworldnews.com/bitcoin-rallies-29000-blackrock-etf-plays/" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-rallies-29000-blackrock-etf-plays/" target="_blank" rel="noreferrer noopener">reportedly</a> buoyed Bitcoin&#8217;s price above 30,000. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">UPDATE: These are the current competitors in the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Bitcoin</a> ETF race. There&#39;s still a lot of unknowns right now <a href="https://t.co/XDexRHJFlN" rel="nofollow">pic.twitter.com/XDexRHJFlN</a></p>&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1676625042556239877?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Since BlackRock&#8217;s filing, Grayscale&#8217;s GBTC shares are up 57% and the net asset value (NAV) discount has narrowed by around 30%, per data from The Block. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-1024x417.png" alt="Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing 17" class="wp-image-582868" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/BTCUSDT_2023-07-05_17-48-09.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/valkyrie-joins-blackrock-to-resubmit-spot-bitcoin-etf-filing</link><guid>595527</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Valkyrie-Joins-BlackRock-To-Resubmit-Spot-Bitcoin-ETF-Filing-770x402.jpg</dc:content ><dc:text>Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing</dc:text></item><item><title>Binance Australia’s Office Searched In Derivatives Investigation</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Australia" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Australia&#039;s Office Searched In Derivatives Investigation 19"><p>Summary: </p><ul><li>Australia’s securities regulator searched the office premises of Binance Australia as part of an ongoing investigation, Bloomberg reported.</li><li>This comes after the platform’s derivatives license was revoked in April after a mass liquidation incident that affected local users.</li><li>Binance announced plans to sunset operations in Australia amid a “targeted review” of its business and regulatory scrutiny on multiple frontiers.</li></ul><p>The local office of Binance Australia was probed by the Australian Securities and Investments Commission (ASIC) as part of the regulator&#8217;s investigation into crypto&#8217;s largest centralized exchange. </p><p>According to people familiar with the matter, ASIC&#8217;s search of Binance&#8217;s premises is part of a <a href="https://www.bloomberg.com/news/articles/2023-07-05/binance-australia-offices-searched-by-regulator-as-part-of-derivatives-probe?" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-05/binance-australia-offices-searched-by-regulator-as-part-of-derivatives-probe?" rel="noreferrer noopener nofollow">probe</a> into client classification on the platform and its local derivatives business. Bloomberg reported that the trading venue is cooperating with local authorities. </p><h2>Binance Australia Stuck In Derivatives Debacle</h2><p>Today&#8217;s search comes after 500 derivatives positions were liquidated on the platform in February. The issue also reportedly affected user accounts, and some accounts were mysteriously closed down. </p><p><a href="https://en.ethereumworldnews.com/binance-australia-halts-bank-transactions/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australia-halts-bank-transactions/" rel="noreferrer noopener">Binance Australia</a> announced plans to shut down its local business later in April amid regulatory scrutiny from ASIC and issues with local banking partners. The regulator also revoked the platform&#8217;s derivatives license and <a href="https://en.ethereumworldnews.com/binance-australian-regulator-derivatives/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australian-regulator-derivatives/" rel="noreferrer noopener">launched</a> a “targeted review” of Binance Australia&#8217;s business. ASIC officials disclosed that the probe was partly to determine how Binance classifies wholesale and retail clients.</p><p>Binance is also under heavy scrutiny in jurisdictions across the U.S. and Europe. The company&#8217;s office in Paris was stormed by officials investigating allegedly &#8220;aggravated money laundering&#8221;. Crypto&#8217;s leading CEX also pulled back from the U.K. and Cyprus. </p><p>German regulators <a href="https://en.ethereumworldnews.com/binance-europe-paysafe-german-regulator/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-europe-paysafe-german-regulator/" rel="noreferrer noopener">denied the company&#8217;s custody license application</a> around the same time that major Euro payment partner Paysafe decided to cut support for bank transactions by September.</p><p>In the U.S., the company and CEO Chanpgeng Zhao stand accused of violating federal laws by offering unregistered securities trading to American investors. Zhao or CZ as he&#8217;s known by the media, is said to have commingled funds in private entities like Merit Peak. </p><p>The company and CZ <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">denied</a> the claims made by the SEC in its June lawsuit. </p>]]></description><link>https://m.coinsnews.com/binance-australias-office-searched-in-derivatives-investigation</link><guid>595456</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg</dc:content ><dc:text>Binance Australia’s Office Searched In Derivatives Investigation</dc:text></item><item><title>Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png" class="webfeedsFeaturedVisual wp-post-image" alt="Aave" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-300x180.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1024x614.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1536x922.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-500x300.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-269x161.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-746x448.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-1376x826.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield 22"><p>Summary: </p><ul><li>A proposal on Aave DAO to move $3 million in ETH from the treasury into wrapped staked ETH and rocket pool ETH is active in the project’s governance forum.</li><li>The proposal with 252,152 votes in favor argues that converting 1,600 ETH to liquid staking derivatives will earn higher yield for the protocol.</li><li>Staking wstETH would earn 3.8% yield and 3.13% by staking rETH while retaining liquidity for the DeFi service, the proposal noted. </li></ul><p>Aave DAO members are <a href="https://app.aave.com/governance/proposal/?proposalId=261" target="_blank" data-type="URL" data-id="https://app.aave.com/governance/proposal/?proposalId=261" rel="noreferrer noopener nofollow">voting</a> on a proposal to earn higher yield by converting 1,600 unstaked Ether (ETH) from the DeFi platform&#8217;s treasury into two liquid staking derivatives &#8211; wrapped staked ETH (wstETH) and rocket pool ETH (rETH). </p><h2>Aave DAO To Staked Unproductive ETH Balance</h2><p>The proposal argues that Aave would generate a higher yield by converting part of its unstaked ETH treasury into LSD. Currently, staking on the DeFi lender&#8217;s version 2 or V2 platform generates 1.69%. Staking-wrapped ETH and rocket pool ETH would earn the protocol 3.8% and 3.13% respectively. </p><blockquote class="wp-block-quote"><p>Aave DAO currently holds 1,786.51 awETH (v2) and 104.548 units of ETH in the Collector Contract. The awETH deposit yield in Aave v2 earns 1.69%, relative to 3.8% with wstETH and 3.13% with rETH. This AIP converts all the unproductive ETH balance, along with aWETH (v2 and v3) into the same amounts of wstETH and rETH.</p></blockquote><p>LSDs like wrapped staked ETH and rocket pool ETH allow stakers to lock up their tokens without losing access to liquidity. Liquid staking derivatives achieve this by accepting collateral &#8211; which is the staked crypto like ETH &#8211; and offering a derivative of that token. </p><p>At press time, 252,152 votes support the move of out the 320,000 required for the proposal to pass. Notably, 236,000 of the votes were cast by a single wallet with the ENS &#8220;aavechan.eth&#8221;. The DeFi protocol&#8217;s token was down 2% in the last 24 hours at press time and exchanged hands around $75. </p><p>In other news, the DAO votes to deploy V3 of the service on <a href="https://en.ethereumworldnews.com/aave-v3-ethereum-l2-network-metis/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-v3-ethereum-l2-network-metis/" rel="noreferrer noopener">Ethereum layer 2 network Metis</a> and <a href="https://en.ethereumworldnews.com/aave-v3-lending-bnb-chain-uniswap-polygon/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-v3-lending-bnb-chain-uniswap-polygon/" rel="noreferrer noopener">BNB Chain</a>. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-1024x417.png" alt="Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield 14" class="wp-image-582861" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/AAVEUSDT_2023-07-05_12-37-29.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield 21"><figcaption><strong><a href="https://www.tradingview.com/symbols/AAVEUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/AAVEUSDT/" rel="noreferrer noopener">AAVE/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/aave-dao-votes-on-redeploying-3-million-in-ether-to-wsteth-and-reth-for-higher-yield</link><guid>595457</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Aave-DAO-Votes-On-Redeploying-3-Million-In-Ether-To-wstETH-And-rETH-For-Higher-Yield-770x462.png</dc:content ><dc:text>Aave DAO Votes On Redeploying $3 Million In Ether To wstETH And rETH For Higher Yield</dc:text></item><item><title>Crypto Operators In South Africa Must Register By November 30 Says FSCA</title><description><![CDATA[<img width="640" height="360" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto operators" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA.jpg 640w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA-269x151.jpg 269w" sizes="(max-width: 640px) 100vw, 640px" title="Crypto Operators In South Africa Must Register By November 30 Says FSCA 22"><p>Summary: </p><ul><li>Crypto exchange operators in South Africa have until November 30 this year to apply for a license.</li><li>This forms part of a plan by the country’s Financial Sector Conduct Authority designed to standardize the local industry and mitigate crypto-asset risks.</li><li>The FSCA already received 20 applications since the policy was announced and promised enforcement action against operators without a license after the November deadline.</li></ul><p>South Africa&#8217;s top watchdog is introducing a licensing regime that requires crypto operators and digital asset exchanges to apply for a license before November or risk enforcement action. </p><p>Indeed, the country’s Financial Sector Conduct Authority (FSCA) set a deadline of November 30 for crypto exchanges to submit applications. 20 crypto operators have registered for a crypto license with the FSCA, per <a href="https://www.bloomberg.com/news/articles/2023-07-04/south-africa-to-require-crypto-exchanges-licensing-by-year-end?utm_medium=social&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter#xj4y7vzkg" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-07-04/south-africa-to-require-crypto-exchanges-licensing-by-year-end?utm_medium=social&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter#xj4y7vzkg" target="_blank" rel="noreferrer noopener nofollow">reports</a>. </p><h2>Africa&#8217;s First Licensing Regime For Crypto Operators</h2><p>This new policy is the regulator&#8217;s response to previous scam incidents like the 2021 Africrypt Bitcoin heist and risks tied to crypto assets. </p><p>The Cajee brothers are wanted in South Africa after disappearing with 70,000 Bitcoin from the Africrypt crypto exchange. Another local crypto startup, Mirror Trading Internation, and its CEO Cornelius Johannes Steynberg <a href="https://en.ethereumworldnews.com/cftc-penalizes-bitcoin-operator/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-penalizes-bitcoin-operator/" rel="noreferrer noopener">received a $3.4 billion fine</a> from the U.S. Commodity Futures Trading Commission (CFTC) in the regulator&#8217;s &#8220;largest ever fraud scheme case involving bitcoin&#8221;.</p><blockquote class="wp-block-quote"><p>There is potentially serious harm to financial customers when using crypto products, and therefore it makes sense for us to introduce the regulatory framework. Time will tell the effectiveness of our measures, and we will continue to work together with the industry to refine and make changes where and if necessary.</p></blockquote><p>The FSCA&#8217;s policy is Africa&#8217;s first regulatory framework for licensing crypto operators and exchanges, further highlighting South Africa&#8217;s position as a leading area in the continent&#8217;s virtual currency ecosystem. </p><p>In other regions like Europe and the Middle East, policymakers are introducing laws like the EU&#8217;s MiCA and Dubai&#8217;s VARA handbook for DASP registration as more crypto businesses look outside the U.S. amid a crackdown by regulators like the <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">SEC</a>. </p>]]></description><link>https://m.coinsnews.com/crypto-operators-in-south-africa-must-register-by-november-30-says-fsca</link><guid>595169</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Crypto-Operators-In-South-Africa-Must-Register-By-November-30-Says-FSCA.jpg</dc:content ><dc:text>Crypto Operators In South Africa Must Register By November 30 Says FSCA</dc:text></item><item><title>Cameron Winklevoss Accuses DCG’s Barry Silbert Of Fraud, Threatens Litigation</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Cameron Winklevoss Accuses DCG’s Barry Silbert Of Fraud, Threatens Litigation 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Cameron Winklevoss Accuses DCG’s Barry Silbert Of Fraud, Threatens Litigation 22"><ul><li>Cameron Winklevoss has sent an open letter to the CEO of the Digital Currency Group, Barry Silbert.&amp; </li><li>The Gemini co-founder accused Silbert of committing fraud by concealing key info related to Genesis’ financial health.&amp; </li><li>Winklevoss issued an ultimatum to Silbert, which laid out a plan to restructure DCG’s outstanding debts.&amp; </li><li>The Gemini chief stated that failing to agree with the proposed restructuring plan would lead to the filing of a lawsuit.&amp; &amp; </li></ul><p>Crypto entrepreneur Cameron Winklevoss has accused Digital Currency Group’s founder Barry Silbert of committing fraud in a scathing open letter. The Gemini co-founder did not hold back in his latest open letter to Silbert, which accused the latter and DCG of fostering a culture of lies and deceit and misleading the crypto conglomerate’s shareholders and creditors. The latest development came over six months after Winklevoss penned the first open letter to Barry Silbert.&amp; </p><h2><strong>Cameron Winklevoss: DCG Engaged In Fraudulent Behavior </strong></h2><p>Cameron Winklevoss took to <a href="https://twitter.com/cameron/status/1676024844641550337" rel="nofollow noopener">Twitter</a> earlier today to share the open letter to Barry Silbert with more than 700,000 of his followers. Winklevoss stated that the letter was on behalf of the 232,000 Gemini Earn users who have been stranded since DCG-owned <a href="https://en.ethereumworldnews.com/judge-extends-genesis-mediation-period/">Genesis</a> suspended withdrawals last year. Silbert’s crypto giant owes a whopping $1.2 billion to the Earn users. The Gemini co-founder reminded Silbert that his company owed another $2.1 billion to other creditors. </p><blockquote class="wp-block-quote"><p>“It takes a special kind of person to owe $3.3 billion dollars to hundreds of thousands of people and believe, or at least pretend to believe, that they are some kind of victim. Not even Sam Bankman-Fried was capable of such delusion.” </p><cite>Cameron Winklevoss to Barry Silbert</cite></blockquote><p>Winklevoss accused the Digital Currency Group of engaging in fraudulent behavior and cited the false and misleading statements that Silbert and his aides had put out to conceal the insolvency and financial health of Genesis. According to the proposed restructuring plan laid out by Cameron Winklevoss, the outstanding $630 million debt owed by DCG to Genesis would be divided into two parts: a forbearance payment of $275 million that would be due on or before July 21, 2023.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Best and Final Offer <a href="https://t.co/r7jyhJyKGg" rel="nofollow">pic.twitter.com/r7jyhJyKGg</a></p>&mdash; Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1676024845732126721?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The forbearance payment would be followed by the Tranche 1 payment of $355 million, which would come due in 2 years from the date of the Plan Support Agreement (PSA). Next would be the Tranche 2 payment of $835 million, which would be due in 5 years from the effective date of the PSA. This tranche includes a discount of $25 million. According to Winklevoss, Silbert’s failure to comply with the restructuring plan would lead to a lawsuit against DCG and him personally.&amp; </p>]]></description><link>https://m.coinsnews.com/cameron-winklevoss-accuses-dcgs-barry-silbert-of-fraud-threatens-litigation</link><guid>595042</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Digital-Currency-Group-770x462.jpg</dc:content ><dc:text>Cameron Winklevoss Accuses DCG’s Barry Silbert Of Fraud, Threatens Litigation</dc:text></item><item><title>Revolut To Delist ADA, MATIC And SOL In The United States</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Revolut To Delist ADA, MATIC And SOL In The United States 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Revolut To Delist ADA, MATIC And SOL In The United States 22"><ul><li>Revolut will stop offering ADA, MATIC, and SOL for users in the United States starting September 18, 2023.&amp; </li><li>The British neobank’s announcement came after its service provider Bakkt delisted the tokens.</li><li>The neobank clarified that there were no plans to delist the tokens in other markets.&amp; </li><li>ADA, MATIC, and SOL were listed as unregistered securities in the SEC’s recent lawsuits against Binance and Coinbase.</li></ul><p>London-based Revolut has announced that it will delist three mainstream crypto tokens from the American version of its platform. The British neobank will stop offering Cardano (ADA), Solana (SOL), and Polygon (MATIC) to customers based in the United States starting September 18, 2023. The crypto tokens boast a combined market capitalization of more than $24 billion.&amp; </p><h2><strong>Delisting Will Be Limited To Revolut’s American Users</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-03/revolut-to-delist-solana-cardano-polygon-tokens-for-us-users" rel="nofollow noopener">Bloomberg</a>, Revolut’s customers will be able to sell off ADA, SOL, and MATIC from their accounts till September 18, 2023, following which the cryptocurrencies will automatically be converted to USD deposits. The British neobank’s latest move came after its service provider Bakkt Holdings’ delisted the crypto tokens last month due to increasing regulatory uncertainty in the United States.  The firm told its customers that the delisting of SOL, ADA, and MATIC would be limited to the United States with other markets remaining unaffected. </p><blockquote class="wp-block-quote"><p>Our US crypto services provider has decided to delist these tokens due to the changing laws and regulations around cryptocurrency in the US. Because of this, we’ll no longer be able to process your buy and sell orders for these tokens.”</p><cite>Revolut</cite></blockquote><p>Interestingly, MATIC and ADA surged following the news of their imminent delisting from Revolut. Meanwhile, SOL saw a slight decrease in its price. The three cryptocurrencies were previously delisted by the social trading platform eToro and California-based brokerage <a href="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/">Robinhood</a> as well. The tokens were also listed as unregistered securities in the U.S. Securities and Exchange Commission’s (SEC) recent lawsuits against crypto exchanges Binance and Coinbase. </p>]]></description><link>https://m.coinsnews.com/revolut-to-delist-ada-matic-and-sol-in-the-united-states</link><guid>595011</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/1200x-1-770x513.jpg</dc:content ><dc:text>Revolut To Delist ADA, MATIC And SOL In The United States</dc:text></item><item><title>Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9.jpg 1500w" sizes="(max-width: 770px) 100vw, 770px" title="Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC 22"><ul><li>Nasdaq has refiled BlackRock’s application for a Spot Bitcoin exchange-traded fund (ETF).&amp; </li><li>The ETF application was previously rejected by the SEC for not providing sufficient details about the crypto product.&amp; </li><li>The Chicago Board Options Exchange also refiled Fidelity’s rejected Bitcoin ETF application earlier today.&amp; </li><li>BlackRock’s latest application stated that Coinbase would provide market surveillance as well as BTC custody services.</li></ul><p>Nasdaq has refiled Wall Street giant BlackRock Inc.’s application for offering a spot Bitcoin exchange-traded fund (ETF). The second largest stock market by market capitalization submitted BlackRock’s BTC ETF application to the U.S. Securities and Exchange Commission (SEC). Nasdaq’s refiling was accompanied by that of the Chicago Board Options Exchange (CBOE), which refiled applications for multiple operators, including Fidelity and ARK Invest.&amp; </p><h2><strong>Coinbase Shares Surge After Refiling of Multiple Bitcoin ETF Applications</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-07-03/blackrock-s-bitcoin-etf-application-is-refiled-by-nasdaq-to-sec" rel="nofollow noopener">Bloomberg</a>, the latest filing by Nasdaq included details that were sought by the SEC when it rejected the initial applications last week. The revised <a href="https://listingcenter.nasdaq.com/assets/rulebook/NASDAQ/filings/SR-NASDAQ-2023-016_Resubmission.pdf" rel="nofollow noopener">filing</a> named Coinbase as the crypto exchange that would work with BlackRock on market surveillance. Bloomberg reported that a surveillance agreement with an exchange could play a significant role in convincing the securities regulator, given that such an agreement would reduce fraud and market manipulation. <a href="https://en.ethereumworldnews.com/coinbase-brian-armstrong-sold-29000-share/">Coinbase</a> has also been named as the custodian for the BTC holdings associated with BlackRock’s ETF. </p><p>The latest developments sent Coinbase’s share price soaring. The stock has gained more than 11% since market open and is currently trading at $79.9. The refiling of multiple BTC ETF applications led to optimistic sentiments among crypto investors, which prompted the flagship cryptocurrency to add as much as 2.4% to its price. At the time of writing, BTC was trading at $31,112.&amp; </p><p>Other companies which revised their applications and refiled with the United States SEC included Invesco, VanEck, 21Shares, and WisdomTree. The revised spot BTC ETF applications filed by the Chicago Board Options Exchange on behalf of Fidelity, WisdomTree, and ARK Invest also <a href="https://www.reuters.com/technology/coinbase-surges-after-cboe-names-crypto-exchange-bitcoin-etf-application-2023-07-03/" rel="nofollow noopener">named </a>Coinbase as the crypto exchange partner for market surveillance. All of the prior applications were rejected by the SEC for failing to name the partner in the surveillance-sharing agreements,</p>]]></description><link>https://m.coinsnews.com/nasdaq-refiles-blackrocks-bitcoin-etf-application-with-the-sec</link><guid>594982</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/GettyImages-1441467099-6fea6e81a2454f10ab5c34c9d0fe5bd9-770x513.jpg</dc:content ><dc:text>Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC</dc:text></item><item><title>Azuki DAO Want Their Money Back After Controversial $40 Million Elementals Mint</title><description><![CDATA[<img width="770" height="467" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-770x467.png" class="webfeedsFeaturedVisual wp-post-image" alt="Azuki" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-770x467.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-300x182.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-1024x621.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-1536x931.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-500x303.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-269x163.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-746x452.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-1376x834.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Azuki DAO Want Their Money Back After Controversial $40 Million Elementals Mint 22"><p>Summary: </p><ul><li>A newly formed DAO in the Azuki community voted to hire a lawyer after last week’s Elementals launch.</li><li>The DAO comprised of 74 members wants to recover 20,000 ETH from pseudonymous founder Zagabond and the blue-chip NFT project.</li><li>Azuki’s community voiced heavy backlash against the Elementals NFTs with members saying they look strikingly similar to the original collection.</li></ul><p>A newly formed DAO in the Azuki community &#8211; a popular Japanese manga-themed project &#8211;<a href="https://snapshot.org/#/azuki-dao.eth/proposal/0x065ffcc4878fc66b574e8ad23d2c2033d7896c7683457a3f6e3f5e449e637298" target="_blank" data-type="URL" data-id="https://snapshot.org/#/azuki-dao.eth/proposal/0x065ffcc4878fc66b574e8ad23d2c2033d7896c7683457a3f6e3f5e449e637298" rel="noreferrer noopener nofollow">voted</a> to hire a lawyer for the recovery of 20,000 ETH raised last week during the Elementals mint, a new NFT collection from Chiru Labs that holders say is similar to the original collection. </p><p>The snapshot proposal floated over the weekend by Azuki DAO was titled &#8220;Hire a Lawyer and Help the community reclaim the 20000ETH from Zagabond&#8221; and saw 37 votes out of 74 members that comprise the newly formed decentralized autonomous organization (DAO). </p><p>88.35% of voters backed recovering nearly $40 million in ETH raised by the Elementals and reallocating the proceeds to community incentives meant to support artists, creators, and builders. </p><h2>Azuki Elementals Just Like Original Collections, Community Cries Out</h2><p>Sunday&#8217;s vote follows intense community scrutiny surrounding the Elementals launch and claims that pieces from the new collection look almost exactly the same as NFTs from the original 10,000 profile picture (PFP) project that debuted in February 2022.</p><p>Elementals was released last week by Chiru Labs &#8211; the startup behind the <a href="https://en.ethereumworldnews.com/azuki-reveals-physical-backed-tokens-for-on-chain-ownership-of-physical-items/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/azuki-reveals-physical-backed-tokens-for-on-chain-ownership-of-physical-items/" rel="noreferrer noopener">Azuki</a> project &#8211; and raised 20,000 ETH in 15 minutes. Each NFT from the new collection cost 2 ETH to mint worth roughly $3,900 at current market prices. </p><p>The hype was shortlived as community members raised concerns over similarities between the two collections, leading to sell-offs across NFT marketplaces. Azuki&#8217;s floor price &#8211; the cheapest available NFT on open markets &#8211; fell over 50% and now sits around 6 ETH. </p><p>Azuki DAO which says it is made of OG holders of the original project argued that the pseudonymous founder Zagabond let down the community and tried to pacify community members with &#8220;empathy checks and promises&#8221;.</p><blockquote class="wp-block-quote"><p>We have max-minted the 2e elemental beanz and are anticipating the release of a new product, as suggested by the Asian ambassador. Despite our efforts, we have only been given a similar profile picture to that of the original Azuki holders, and nothing more. The Team is blatantly scamming us&#8230;</p></blockquote><p>In other related news, the DAO governance token contract for BEANZ was exploited for around 35 ETH due to a signature vulnerability. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The main reason for the exploit is that the signatureClaimed variable in the contract was not properly checked, which allowed for replay attacks. Now, the contract is paused. <a href="https://t.co/Ng5idLXxsY" rel="nofollow">pic.twitter.com/Ng5idLXxsY</a></p>&mdash; MetaSleuth (@MetaSleuth) <a href="https://twitter.com/MetaSleuth/status/1675783742231805954?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/azuki-dao-want-their-money-back-after-controversial-40-million-elementals-mint</link><guid>594821</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/07/Azuki-DAO-Want-Their-Money-Back-After-Controversial-40-Million-Elementals-Mint-770x467.png</dc:content ><dc:text>Azuki DAO Want Their Money Back After Controversial $40 Million Elementals Mint</dc:text></item><item><title>Noose Tightens Around Binance In Europe As Paysafe Cuts Euro Transfers, German Regulator Denies Custody License</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Noose Tightens Around Binance In Europe As Paysafe Cuts Euro Transfers, German Regulator Denies Custody License 22"><p>Summary: </p><ul><li>Germany’s top watchdog BaFin turned down an application for a custody license from Binance, FinanceFWD reported.</li><li>Paysafe also announced its decision to end support for Euro transactions by September this year.</li><li>This comes as the exchange suffers blow after blow in European markets including being de-banked in Australia and pulling its registration application in the UK. </li><li>The company is also facing stiff regulatory action in the U.S. following lawsuits from the SEC alleging securities violations. </li></ul><p>Binance continues to face hurdles in European markets following a decision from its banking partner to end support for Euro transactions and BaFin&#8217;s rejection of the company&#8217;s custody license. </p><p>According to <a href="https://www.bloomberg.com/news/articles/2023-06-29/binance-says-paysafe-to-cease-being-its-euro-payments-provider?leadSource=uverify%20wall" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-06-29/binance-says-paysafe-to-cease-being-its-euro-payments-provider?leadSource=uverify%20wall" rel="noreferrer noopener nofollow">Bloomberg</a>, banking partner Paysafe will no longer facilitate Euro deposits and withdrawals to and from the crypto exchange from September 2023. The decision will take effect from September 25 and will see Binance cut off from Paysafe&#8217;s Single Euro Payments Area (SEPA) network, a spokesperson for the trading venue said. </p><blockquote class="wp-block-quote"><p>In the meantime, all methods of depositing and withdrawing other fiat currencies as well as buying and selling crypto on Binance.com remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance, and buying and selling crypto directly via credit or debit card</p></blockquote><p>Binance&#8217;s license to offer custody services in Germany was rejected by the country&#8217;s top financial regulator BaFin, FinanceFWD <a href="https://financefwd.com/de/binance-lizenz-deutschland/" target="_blank" data-type="URL" data-id="https://financefwd.com/de/binance-lizenz-deutschland/" rel="noreferrer noopener nofollow">reported</a>. The report cited people familiar with the saying, saying that it&#8217;s yet unclear if BaFin&#8217;s move constitutes an official decision or an intention to turn down the application for a custody license.</p><h2>Binance In The Midst Of European Hurricane</h2><p>The two latest setbacks for Binance come amid a string of blows for the world&#8217;s largest centralized crypto exchange across European jurisdictions and trouble in the U.S. </p><p>Changpeng Zhao&#8217;s company withdrew its license applications in Cyprus and the UK ahead of MiCA&#8217;s implementation by 2024. The company also requested to terminate its derivatives license in Australia amid a de-banking crisis with local banking partners. </p><p>Belgium&#8217;s Financial Services and Markets Authority (FSMA)<a href="https://en.ethereumworldnews.com/belgium-binance-cease-all-crypto-services/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/belgium-binance-cease-all-crypto-services/" rel="noreferrer noopener"> issued a cease and desist orde</a>r for all crypto services offered to Belgian clients. </p><p>In the U.S. the company is accused of violating securities laws alongside exchange rival Coinbase. However, both entities have denied the allegations and attempted to throw out their respective lawsuits. </p>]]></description><link>https://m.coinsnews.com/noose-tightens-around-binance-in-europe-as-paysafe-cuts-euro-transfers-german-regulator-denies-custody-license</link><guid>593831</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg</dc:content ><dc:text>Noose Tightens Around Binance In Europe As Paysafe Cuts Euro Transfers, German Regulator Denies Custody License</dc:text></item><item><title>Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="MicroStrategy" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-1536x1024.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-2048x1365.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-1376x917.jpeg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin 23"><p>Summary: </p><ul><li>MicroStrategy added to its massive Bitcoin coffers with a $347 million purchase.</li><li>The company bought an additional 12,333 BTC at an average price of $28,136 per coin, Founder and Chairman Michael Saylor shared.</li><li>MicroStrategy now owns 152,333 Bitcoins worth approximately $4.6 billion, further solidifying the company as the largest corporate holder of BTC.</li></ul><p>MicroStrategy added to its BTC holdings after spending $347 million in cash buying 12,333 Bitcoins between April 29 and June 27, a <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-8-k_6-28-2023.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-8-k_6-28-2023.pdf" rel="noreferrer noopener nofollow">filing</a> with the U.S Securities and Exchange Commission shared on Wednesday showed. </p><p>The company added to its latest BTC holdings at an average price of $28,136 per BTC. Wednesday&#8217;s reveal follows <a href="https://en.ethereumworldnews.com/microstrategy-bitcoin-29-million-btc-buy/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/microstrategy-bitcoin-29-million-btc-buy/" rel="noreferrer noopener">a purchase of 1,045 Bitcoins</a> bought with $29.3 million two months ago in April. </p><p>This means that MicroStrategy, the largest corporate holder of BTC, now holds some 152,333 coins bought at an average price of $29,668 including fees. The company spent around $4.52 billion purchasing its BTC and its Bitcoins are worth over $4.6 billion at current market prices. </p><p>Bitcoin traded above $30,000 on Wednesday buoyed by spot ETF applications from institutions like BlackRock, WisdomTree, and Invesco. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#bitcoin</a>. As of 6/27/23 <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="nofollow noopener">@MicroStrategy</a> hodls 152,333 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BTC</a> acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$MSTR</a> <a href="https://t.co/joHo1gEnR0" rel="nofollow">https://t.co/joHo1gEnR0</a></p>&mdash; Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1674025857063571456?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 28, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>MicroStrategy Ups Bitcoin Holds As Spot ETF Applications Surge </h2><p>Although MicroStrategy has been buying Bitcoin since 2020, the company&#8217;s latest acquisition comes at a time when institutions are racing to provide U.S. investors with America&#8217;s first Bitcoin Spot exchange-traded fund. </p><p>Indeed, wall street titans like BlackRock have filed for a Bitcoin Spot ETF with the Securities and Exchange Commission. Other players like WisdomTree and Invesco followed suit with respective applications. Fidelity, another giant asset manager with trillions in AUM is expected to <a href="https://en.ethereumworldnews.com/fidelity-bitcoin-spot-etf-blackrock/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/fidelity-bitcoin-spot-etf-blackrock/" rel="noreferrer noopener">file its application by Tuesday. </a></p><p>Banks and trillion-dollar institutions are also <a href="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" rel="noreferrer noopener">tapping Bitcoin exposure</a> by betting on MicroStrategy stock MSTR. BlackRock owns a staggering 6% stake in Michael Saylor&#8217;s company and owns MSTR shares worth over $150 million. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-1024x417.png" alt="Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin 9" class="wp-image-582831" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-28_15-35-06.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin 22"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/michael-saylors-microstrategy-spends-347-million-buying-12333-bitcoin</link><guid>593511</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Michael-Saylors-Microstrategy-Parks-42-Million-In-Bitcoin-770x513.jpeg</dc:content ><dc:text>Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin</dc:text></item><item><title>Fidelity Jumps Into Bitcoin Spot ETF Race After BlackRock Filing</title><description><![CDATA[<img width="770" height="496" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-770x496.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin Spot ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-770x496.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-300x193.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-500x322.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-269x173.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-746x481.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing.jpg 947w" sizes="(max-width: 770px) 100vw, 770px" title="Fidelity Jumps Into Bitcoin Spot ETF Race After BlackRock Filing 23"><p>Summary: </p><ul><li>Fidelity could submit a Bitcoin (BTC) spot ETF application as early as Tuesday, The Block reported citing a source.</li><li>A flurry of BTC ETF applications came from companies like Widomtree and Invesco after BlackRock&#8217;s filed on June 15.</li><li>Bitcoin broke above $30,000 for the first time since April shortly after BlackRock’s filing with the U.S. Securities and Exchange Commission.</li></ul><p>Asset management heavyweight Fidelity is reportedly working on filing a Bitcoin spot ETF application with the U.S. Securities and Exchange Commission, per crypto news outlet The Block citing a familiar with the firm&#8217;s intentions. </p><p>According to the report, Fidelity could submit an application as early as Tuesday. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-1024x417.png" alt="Fidelity Jumps Into Bitcoin Spot ETF Race After BlackRock Filing 9" class="wp-image-582824" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-27_18-07-44.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Fidelity Jumps Into Bitcoin Spot ETF Race After BlackRock Filing 22"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><h2>Bitcoin Spot ETF Race Heats Up</h2><p>Fidelity enters a pool of institutions and companies in the open race to offer America&#8217;s first Bitcoin spot exchange-traded fund, a product that the SEC and Chair Gary Gensler have notoriously rejected on several occasions. </p><p>BlackRock <a href="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" rel="noreferrer noopener">submitted</a> its filing for a Bitcoin Spot ETF on June 15, ushering a <a href="https://en.ethereumworldnews.com/bitcoin-rallies-29000-blackrock-etf-plays/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-rallies-29000-blackrock-etf-plays/" rel="noreferrer noopener">wave of applications</a> from other institutions like WisdomTree, Invesco, and now Fidelity. Crypto proponents speculate that the trillion-dollar asset manager stands a chance at success after successfully filing over 500 applications with the SEC.</p><p>Grayscale, a subsidiary of Digital Currency Group, has filed a number of unsuccessful applications with the securities watchdog. The company has repeatedly tried to convert its Grayscale Bitcoin Trust (GBTC) product to a Bitcoin Spot ETF with no luck. Grayscale is currently locked in a legal tussle with the SEC over the regulator&#8217;s decision to deny its application despite approving Bitcoin Futures ETFs. </p><p>Bloomberg analysts believe that Grayscale has a <a href="https://twitter.com/EricBalchunas/status/1673685658538323968?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/EricBalchunas/status/1673685658538323968?s=20" rel="noreferrer noopener nofollow">70% chance</a> of winning in court after three judges heard arguments from both sides. This has also seemingly upped the chances of BlackRock&#8217;s application going through as the SEC could look to soften the impact of coming up short in court, per comments from Bloomberg&#8217;s Eric Balchunas and Elliott Z. Stein.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst <a href="https://twitter.com/NYCStein?ref_src=twsrc%5Etfw" rel="nofollow noopener">@NYCStein</a> gives Grayscale a 70% chance of winning case against SEC, who could approve BlackRock&#39;s ETF as way to save face using trusted &#39;adult&#39; TradFi cos &amp; stick it to Grayscale via <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" rel="nofollow noopener">@JSeyff</a> <a href="https://t.co/pHydOcpuQo" rel="nofollow">pic.twitter.com/pHydOcpuQo</a></p>&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1673685658538323968?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/fidelity-jumps-into-bitcoin-spot-etf-race-after-blackrock-filing</link><guid>593233</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fidelity-Jumps-Into-Bitcoin-Spot-ETF-Race-After-BlackRock-Filing-770x496.jpg</dc:content ><dc:text>Fidelity Jumps Into Bitcoin Spot ETF Race After BlackRock Filing</dc:text></item><item><title>Chibi Finance Rugs $1 Million In Crypto From Arbitrum Users</title><description><![CDATA[<img width="602" height="401" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users.png" class="webfeedsFeaturedVisual wp-post-image" alt="Chibi Finance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users.png 602w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users-269x179.png 269w" sizes="(max-width: 602px) 100vw, 602px" title="Chibi Finance Rugs $1 Million In Crypto From Arbitrum Users 20"><p>Summary: </p><ul><li>The Chibi Finance team disappeared overnight in what seems like a rug pull, PeckShield noted.</li><li>555 Ether (ETH) worth around $1 million was drained from the project’s liquidity pools and deposited into the crypto mixer Tornado Cash.</li><li>The team&#8217;s social media accounts and websites also mysteriously vanished, leaving users with no access to the people behind the project.</li></ul><p>Crypto project Chibi Finance which runs atop the Ethereum Layer 2 scaling protocol Arbitrum allegedly rugged its users and disappeared with around $1 million in Ether (ETH).</p><p>The project styled itself as a yield-optimizing protocol that allowed users to automatically rack up rewards after depositing their crypto tokens on the platform. The platform&#8217;s native token CHIBI tanked 98% in value following the incident.</p><h2>Chibi Finance Team Goes AWOL</h2><p>On-chain security firm PeckShield reported that the Chibi Finance team drained 555 ETH worth $1 million from the project&#8217;s liquidity pools. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#PeckShieldAlert</a> Seems like <a href="https://twitter.com/hashtag/Chibifinance?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Chibifinance</a> rugged. ~$1M worth of cryptocurrencies were drained.<br>The stolen funds, which have been swapped for ~555 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ETH</a>, were bridged from <a href="https://twitter.com/hashtag/Arbitrum?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Arbitrum</a> to Ethereum. <br>They have already been transferred into Tornado Cash<a href="https://t.co/HmVeZmWJS4" rel="nofollow">https://t.co/HmVeZmWJS4</a> <a href="https://t.co/1wM8j86fS4" rel="nofollow">pic.twitter.com/1wM8j86fS4</a></p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1673615238758006786?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>According to another security startup <a href="https://twitter.com/CertiKAlert/status/1673639936631734272?s=20" data-type="URL" data-id="https://twitter.com/CertiKAlert/status/1673639936631734272?s=20" target="_blank" rel="noreferrer noopener nofollow">CertiK</a>, the developers were able to do this as they added malicious code in Chibi&#8217;s smart contract. This allowed the team to steal user funds after the contract was deployed and crypto investment poured in. The CertiK team noted that this is the 12th exit scam tracked so far in 2023.</p><p>After stealing the assets, the team moved funds from Arbitrum to Ethereum&#8217;s ecosystem. PeckShield said the 555 ETH was then deposited in the crypto mixing service Tornado Cash, an Ethereum-based platform used to obscure transactions. </p><p>The protocol is often used by crypto criminals to launder stolen wealth and was sanctioned by U.S. authorities last year due to suspicions that the North Korean hacker group Lazarus uses the service.</p><p>Community concerns over a rug pull increased after the Chibi Finance team scrubbed its digital presence following the asset drain. The project&#8217;s Twitter profile was deactivated and its website is unavailable. Crypto influencers like <a href="https://twitter.com/defi_mochi/status/1671159738233651200?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/defi_mochi/status/1671159738233651200?s=20" rel="noreferrer noopener nofollow">@defi_mochi</a> also deleted their posts on the project. </p><p>A <a href="https://en.ethereumworldnews.com/friendsies-nft-rug-pulled-5-million/" data-type="URL" data-id="https://en.ethereumworldnews.com/friendsies-nft-rug-pulled-5-million/" target="_blank" rel="noreferrer noopener">rug pull</a> is a crypto-native term that refers to a specific type of scam where a project markets a service, builds a following or community that eventually invests in the project, and then disappears with the proceeds leaving users and investors with empty balances or worthless tokens. </p>]]></description><link>https://m.coinsnews.com/chibi-finance-rugs-1-million-in-crypto-from-arbitrum-users</link><guid>593177</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Chibi-Finance-Rugs-_1-Million-In-Crypto-From-Arbitrum-Users.png</dc:content ><dc:text>Chibi Finance Rugs $1 Million In Crypto From Arbitrum Users</dc:text></item><item><title>Bybit Sets Up Shop In Cyprus Ahead Of MiCA Implementation</title><description><![CDATA[<img width="770" height="347" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-770x347.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Cyprus" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-770x347.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-300x135.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-1024x461.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-1536x692.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-2048x922.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-500x225.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-269x121.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-746x336.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-1376x620.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Bybit Sets Up Shop In Cyprus Ahead Of MiCA Implementation 22"><p>Summary: </p><ul><li>Bybit will offer crypto exchange and digital asset custody services to users in Cyprus after bagging a license in the country.</li><li>The trading venue sets up shop in Cyprus ahead of the implementation of MiCA, the first crypto regulatory regime in a major jurisdiction.</li><li>Bybit enters Cyprus as Binance exits the country amid global regulatory woes and uncertainty in the U.S. following successive crackdowns by the SEC.</li></ul><p>Bybit, one of the world&#8217;s largest centralized exchanges, has obtained a crypto license to offer its services in Cyprus. The move comes ahead of the EU&#8217;s Markets in Crypto-Assets (MiCA) which comes into effect by mid-2024. </p><p>Regulators in the country have approved Bybit to “offer a full suite of services&#8221;, per a statement from the trading venue. Bybit CEO and co-founder Ben Zhou remarked that the license signals a mix of global expansion and compliance with &#8220;robust regulatory frameworks. </p><blockquote class="wp-block-quote"><p>We wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent, ultimately benefiting all those seeking financial freedom,”</p></blockquote><p>Bybit exited the Canadian market in May due to a regulatory shift in the country. Canadian users will lose access to Bybit&#8217;s trading platform by July/August this year.</p><h2>Binane Bows Out Of Cyprus, Bybit Rolls In</h2><p>Bybit&#8217;s entrance into the country follows the exit of crypto&#8217;s largest centralized exchange &#8211; Binance. Binance <a href="https://en.ethereumworldnews.com/binance-under-investigation-in-france/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-under-investigation-in-france/" rel="noreferrer noopener">deregistered</a> its local arm ahead of <a href="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" rel="noreferrer noopener">MiCA&#8217;s implementation</a> expected next year. The leading crypto exchange also withdrew its crypto license application in Austria per <a href="https://financefwd.com/de/binance-oesterreich/" target="_blank" data-type="URL" data-id="https://financefwd.com/de/binance-oesterreich/" rel="noreferrer noopener nofollow">reports</a> today. </p><p>The island nation, like a handful of jurisdictions around the world, has noted plans to develop its local crypto industry into a global hub for digital asset innovation. In June 2022, the policymakers in the country tried to pass a bill on digital assets meant to clarify standards for the industry. Ultimately, the bill lost steam and was binned in 2023.</p>]]></description><link>https://m.coinsnews.com/bybit-sets-up-shop-in-cyprus-ahead-of-mica-implementation</link><guid>592850</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Bybit-Sets-Up-Shop-In-Cyprus-Ahead-Of-MiCA-Implementation-770x347.jpg</dc:content ><dc:text>Bybit Sets Up Shop In Cyprus Ahead Of MiCA Implementation</dc:text></item><item><title>HSBC Allows Hong Kong Users Trade Bitcoin And Ether ETFs On Local Stock Exchange</title><description><![CDATA[<img width="770" height="466" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-770x466.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Hong Kong" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-770x466.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-300x181.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-500x302.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-269x163.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-746x451.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange.jpg 860w" sizes="(max-width: 770px) 100vw, 770px" title="HSBC Allows Hong Kong Users Trade Bitcoin And Ether ETFs On Local Stock Exchange 22"><p>Summary: </p><ul><li>Hong Kong&#8217;s largest bank HSBC now lets users trade Bitcoin (BTC) and Ether (ETH) ETFs available on the local stock exchange.</li><li>Three of these exchange-traded funds are available on Hong Kong&#8217;s stock exchange including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.</li><li>The move follows the introduction of a crypto licensing regime introduced in the Chinese special administrative region meant to pull digital asset businesses into the region and set up a global crypto hub.</li></ul><p>Hong Kong&#8217;s largest bank HSBC officially enabled the trading of Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) that are listed on the region&#8217;s local stock exchange. The news was first <a href="https://twitter.com/WuBlockchain/status/1673263927780859904?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/WuBlockchain/status/1673263927780859904?s=20" rel="noreferrer noopener nofollow">reported</a> by reporter Colin Wu also known as WuBlockchain. </p><p>Earlier in June, the <a href="https://www.ft.com/content/da31d2d6-e547-43b0-821d-a235097ef9c9" target="_blank" data-type="URL" data-id="https://www.ft.com/content/da31d2d6-e547-43b0-821d-a235097ef9c9" rel="noreferrer noopener nofollow">Financial Times</a> reported that the Hong Kong Monetary Authority (HKMA) was pushing for major financial institutions like HSBC, Standard Chartered, and Bank of China to onboard crypto service providers like exchanges as clients. </p><p>HSBC became the first bank in the special administrative region in China to allow easy access to Bitcoin and Ether ETF trading. According to Wu, users will be able to trade three ETFs currently listed including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.</p><p>The giant bank also launched a Virtual Asset Investor Education Centre to sensitize investors on risk and disclosure related to crypto asset investment. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">SCOOP: HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong. <a href="https://t.co/vH0LieSVGw" rel="nofollow">pic.twitter.com/vH0LieSVGw</a></p>&mdash; Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1673263927780859904?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 26, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Hong Kong In The Crypto Hub Race</h2><p>Hong Kong is reportedly pushing to develop its jurisdiction as a global crypto hub despite prevailing reservations in mainland China and Beijing. In December 2022, Hong Kong lawmakers introduced a licensing regime for crypto firms and virtual asset service providers. </p><p>Policymakers from the special administrative region also met with counterparts from the UAE to <a href="https://en.ethereumworldnews.com/uae-crypto-oversight-aml-ctf-rules/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/uae-crypto-oversight-aml-ctf-rules/" rel="noreferrer noopener">discuss</a> crypto regulations amid a crackdown on digital assets in the U.S.</p>]]></description><link>https://m.coinsnews.com/hsbc-allows-hong-kong-users-trade-bitcoin-and-ether-etfs-on-local-stock-exchange</link><guid>592782</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/HSBC-Allows-Hong-Kong-Users-Trade-Bitcoin-And-Ether-ETFs-On-Local-Stock-Exchange-770x466.jpg</dc:content ><dc:text>HSBC Allows Hong Kong Users Trade Bitcoin And Ether ETFs On Local Stock Exchange</dc:text></item><item><title>FTX Sues Investment Firm To Recover $700 Million Splurged By SBF</title><description><![CDATA[<img width="770" height="484" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-770x484.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Sues Investment Firm To Recover $700 Million Splurged By SBF 8" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-770x484.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-300x189.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-1024x644.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-1536x966.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-2048x1288.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-500x315.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-269x169.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-746x469.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-1376x866.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="FTX Sues Investment Firm To Recover $700 Million Splurged By SBF 22"><ul><li>FTX has sued K5 Global to recover the $700 million invested in it by former CEO Sam Bankman-Fried.&amp; </li><li>Bankman-Fried transferred vast sums of money from his trading firm to K5 and other related ventures in 2022.&amp; </li><li>The investment reportedly allowed the disgraced FTX founder to gain access to politicians and celebrities in the United States.&amp; </li><li>The bankrupt crypto exchange has accused Bankman-Fried of investing billions without proper due diligence.&amp; </li></ul><p>The Bahamas-based bankrupt crypto exchange <a href="https://en.ethereumworldnews.com/ftx-judge-says-hide-customers-identities/">FTX</a> has sued California-based investment firm K5 Global, founded by a former advisor to top U.S. politician Hillary Clinton. The crypto exchange is looking to claw back a whopping $700 million from K5. The amount was transferred to the investment firm by the crypto exchange’s disgraced founder Sam Bankman-Fried last year. </p><h2><strong>FTX’s Bankman-Fried Invested In K5 To Gain Access To Politicians and Celebrities</strong></h2><p>According to a report by <a href="https://www.reuters.com/legal/ftx-sues-ex-clinton-aides-investment-firm-700-million-2023-06-22/" rel="nofollow noopener">Reuters</a>, FTX sued K5 Global and its co-founder Michael Kives who previously worked for former U.S. Secretary of State Hillary Clinton. The bankrupt crypto exchange’s latest move was part of an effort to recover the $700 million that was transferred by Bankman-Fried to K5 Global and its associates in 2022 as part of an investment. The funds for this investment were reportedly misappropriated from the crypto exchange. </p><p>As per the lawsuit filed in Delaware Bankruptcy Court, internal notes from Bankman-Fried revealed that he was captivated by what Kives and his investment firm had to offer. The disgraced founder described it as “something of a one-stop shop for relationships” that he felt should be utilized by his crypto firm. The weeks following these internal notes reportedly saw the former crypto billionaire sign a term to invest billions of dollars in K5.&amp; </p><blockquote class="wp-block-quote"><p>K5 was under the impression – like many others – that SBF was completely legitimate and they were entering into a fair, long-term, and mutually beneficial business relationship. Our belief is that the lawsuit is without merit.” </p><cite>K5 Global spokeswoman </cite></blockquote><p>Sam Bankman-Fried’s term sheet also included a $125 million payment for Michael Kives and K5 co-founder Bryan Baum. The latest lawsuit also accused Bankman-Fried of failing to conduct sufficient due diligence before extending vast sums of money to K5 and associated ventures. He reportedly made the investments in order to secure access to high profile personalities, including politicians and celebrities. </p>]]></description><link>https://m.coinsnews.com/ftx-sues-investment-firm-to-recover-700-million-splurged-by-sbf</link><guid>592250</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/QHUGTFL36NK4VCGQZMZ65B6YZ4-770x484.jpg</dc:content ><dc:text>FTX Sues Investment Firm To Recover $700 Million Splurged By SBF</dc:text></item><item><title>Class Action Lawsuit Accuses Wintermute Of Helping Mashinsky Dupe Celsius Users</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/images-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Class Action Lawsuit Accuses Wintermute Of Helping Mashinsky Dupe Celsius Users 8" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/images-1.jpg 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/images-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/images-1-269x141.jpg 269w" sizes="(max-width: 310px) 100vw, 310px" title="Class Action Lawsuit Accuses Wintermute Of Helping Mashinsky Dupe Celsius Users 22"><ul><li>A class action lawsuit filed by Celsius investors has been amended to include crypto market maker Wintermute Trading.&amp; </li><li>The lawsuit accused Wintermute of aiding CEO Alex Mashinsky in duping Celsius investors.&amp; </li><li>The defunct crypto lender’s investors have claimed that the market maker engaged in wash trading to inflate CEL’s value.&amp; </li></ul><p>A class action lawsuit filed by investors of the Celsius Network has named crypto market maker Wintermute Trading. Wintermute, one of the biggest liquidity providers in the crypto market, has been accused of helping <a href="https://en.ethereumworldnews.com/arrington-coinbase-acquire-celsius-assets/">Celsius</a> founder and CEO Alex Mashinsky of duping the defunct crypto lender’s investors. </p><h2><strong>Celsius Investors: Wintermute Engaged In Wash Trading To Pump CEL</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-06-23/celsius-investors-claim-crypto-market-maker-wintermute-aided-wash-trading" rel="nofollow noopener">Bloomberg</a>, plaintiffs who filed a class action lawsuit against Alex Mashinsky and other Celsius executives amended their complaint to include Wintermute Trading Ltd. The investors have accused the London-based crypto market maker of engaging in wash trading and other malpractices since as early as March 2021. As per the amended complaint, improper activities were adopted to inflate the value of the crypto lender’s native CEL token as well as other loan products. </p><blockquote class="wp-block-quote"><p>When deciding whether to trade in CEL Tokens, a reasonable investor would consider it important to know that the Executive Defendants and Wintermute were engaging in manipulative trading with respect to the CEL tokens, and ensuring that the reported trading volumes reflected real market demand.” </p><cite>Amended complaint by Celsius investors</cite></blockquote><p>Lawyers representing the disgruntled investors claimed that Wintermute&#8217;s trading activities corrupted the price of the CEL token as well as the trading volume reported by the crypto lending platform. They further accused the market maker of colluding with the lender to engage in a strategic pattern to deceive the latter’s investors. The amended complaint also accused Wintermute of playing a key role in the failed attempt by Mashinsky to prop up the CEL token in May 2022 following the collapse of Terra. Wintermute didn&#8217;t respond to a request for comment by Bloomberg. Attorneys representing Alex Mashinsky declined to comment. </p>]]></description><link>https://m.coinsnews.com/class-action-lawsuit-accuses-wintermute-of-helping-mashinsky-dupe-celsius-users</link><guid>592219</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/images-1.jpg</dc:content ><dc:text>Class Action Lawsuit Accuses Wintermute Of Helping Mashinsky Dupe Celsius Users</dc:text></item><item><title>Belgian Regulator Orders Binance To Cease All Crypto Services</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-3.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Belgian Regulator Orders Binance To Cease All Crypto Services 8" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-3.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-3-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="Belgian Regulator Orders Binance To Cease All Crypto Services 22"><ul><li>Belgium’s Financial Services and Markets Authority has ordered Binance to cease its operations in the country.&amp; </li><li>The regulator has taken issue with the exchange offering crypto services from non-EEA countries.&amp; </li><li>The FSMA has indicated that the crypto exchange may have to face criminal charges for its actions.&amp; </li><li>The exchange has been asked to return all crypto assets belonging to Belgian customers.&amp; </li></ul><p>The Financial Services and Markets Authority of Belgium has ordered Binance to immediately cease its operations in the country and stop offering crypto and custody services to Belgian customers. The order comes amid mounting legal troubles for the crypto exchange, which was sued by the U.S. Securities and Exchange Commission earlier this month for illegally operating a securities exchange in the country.&amp; </p><h2><strong>Binance May Be Liable For Criminal Charges In Belgium</strong></h2><p>According to a <a href="https://www.fsma.be/en/news/fsma-orders-binance-cease-immediately-all-offers-virtual-currency-services-belgium" rel="nofollow noopener">press release</a> by Belgium’s Financial Services and Markets Authority (FSMA), <a href="https://en.ethereumworldnews.com/binance-under-investigation-in-france/">Binance</a> has been ordered to take immediate measures to return crypto assets belonging to Belgian clients. The regulator directed the crypto exchange to contact their clients and entertain any instructions related to the return of their assets. The FSMA accused Binance of violating a law that prevents firms from non-European Economic Area countries from offering services in Belgium. </p><blockquote class="wp-block-quote"><p>Persons or firms governed by the law of a country that is not a member of the European Economic Area are prohibited from offering or providing, within Belgium, by way of a professional activity – even if supplementary or ancillary – exchange services between virtual currencies and legal currencies or custody wallet services.</p></blockquote><p>As per the FSMA, several requests were made to Binance for information related to its operations from an EEA member country. The exchange reportedly failed to demonstrate that the crypto services being provided in Belgium were carried out from a legal entity governed by an EEA country. The regulator further stated that the Crown Prosecutor of Brussels had been informed of Binance’s acts which are liable to constitute a criminal offense.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="und" dir="ltr">1, 2, 3…</p>&mdash; CZ ???? Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1672325217719406592?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 23, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>There was no official response from Binance at the time of writing. However, CEO Changpeng Zhao took to Twitter to share his famous “4” tweet, which he uses to convey to his followers any ongoing FUD against his crypto firm. “1, 2, 3…..” Zhao tweeted.&amp; </p>]]></description><link>https://m.coinsnews.com/belgian-regulator-orders-binance-to-cease-all-crypto-services</link><guid>592165</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-3.jpg</dc:content ><dc:text>Belgian Regulator Orders Binance To Cease All Crypto Services</dc:text></item><item><title>FDIC Documents Reveal Circle And Sequoia As SVB’s Top Depositors</title><description><![CDATA[<img width="300" height="168" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FDIC Documents Reveal Circle And Sequoia As SVB’s Top Depositors 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2-269x151.jpg 269w" sizes="(max-width: 300px) 100vw, 300px" title="FDIC Documents Reveal Circle And Sequoia As SVB’s Top Depositors 22"><ul><li>Documents released by the FDIC revealed the top depositors at the failed Silicon Valley Bank.&amp; </li><li>Venture capital giant Sequoia and stablecoin issuer Circle were among SVB’s top depositors.&amp; </li><li>The FDIC went past its $250,000 deposit insurance and provided covers of up to $1 billion for the bank’s top clients.&amp; </li><li>The latest revelations came after the regulator mistakenly released unredacted documents related to SVB’s collapse.&amp; </li></ul><p>Documents from the Federal Deposit Insurance Corporation (FDIC) have revealed the identities of the top depositors at Silicon Valley Bank, the ill-fated crypto-friendly bank that was shut down by the California Department of Financial Protection and Innovation (DFPI) in March this year following liquidity and solvency concerns.</p><h2><strong>FDIC Provided $1 Billion Backstop To Sequoia Capital</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-06-23/fdic-insured-billions-in-deposits-for-sequoia-other-top-svb-customers" rel="nofollow noopener">Bloomberg</a>, documents from the Federal Deposit Insurance Corporation showed that venture capital giant Sequoia Capital and stablecoin issuer Circle Internet Financial were among the top depositors at Silicon Valley Bank. Other high-profile clients in the failed bank’s top 10 list included Chinese tech firm Kanzhun, Altos Labs, Marqueta Inc, and Roku Inc. USDC issuer <a href="https://en.ethereumworldnews.com/circle-taps-former-cftc-chair-legal-chief/">Circle</a> was the largest depositor, with an exposure of over $3.3 billion. Sequoia held over $1 billion with the failed lender. </p><p>The FDIC, which only insures deposits up to $250,000, decided to guarantee accounts over $250,000 when SVB was shut down by regulators. Interestingly, the regulator covered Sequoia’s $1 billion deposit with the failed bank. Kanzhun Ltd, which had a deposit of $902 million, also got a backstop for more than $900 million from the banking regulator. According to Bloomberg, the insurance to the deposits of high-profile SVB clients prevented a “catastrophic blow” to the tech and crypto sectors. However, the FDIC provided excessive insurance to high-profile clients that were “in no real danger”.&amp; </p><p>The identities of Silicon Valley Bank’s top depositors were revealed after the FDIC accidentally released an unredacted document related to the bank’s collapse. The document was released in response to a Bloomberg News Freedom of Information Act request by the media house.</p>]]></description><link>https://m.coinsnews.com/fdic-documents-reveal-circle-and-sequoia-as-svbs-top-depositors</link><guid>592093</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.jpg</dc:content ><dc:text>FDIC Documents Reveal Circle And Sequoia As SVB’s Top Depositors</dc:text></item><item><title>SEC To BlockFi In $50 Million Settlement Saga – Pay Debtors First</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BlockFi" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX.jpg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="SEC To BlockFi In $50 Million Settlement Saga - Pay Debtors First 22"><p>Summary: </p><ul><li>BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday.</li><li>The bankrupt crypto lender was instructed to pay its outstanding $30 million fine after reimbursing its debtors.</li><li>BlockFi was fined $50 million by the SEC and another $50 million by 32 state regulators for breaking securities laws.</li></ul><p>The U.S. Securities and Exchange Commission (SEC) has directed bankrupt crypto lender BlockFi to prioritize its obligation to repay customers over its outstanding $30 million fine to the securities watchdog, court documents <a href="https://restructuring.ra.kroll.com/blockfi/Home-DocketInfo" target="_blank" data-type="URL" data-id="https://restructuring.ra.kroll.com/blockfi/Home-DocketInfo" rel="noreferrer noopener nofollow">filed</a> on Thursday revealed. </p><h2>BlockFi Fined For Securities Violations</h2><p>In February 2022, the SEC fined BlockFi $50 million in penalties for offering unregistered securities services to American investors. At the same time, regulators from 32 states also accused the company of violating securities laws and issued fines amounting to $50 million.</p><p>On Thursday, the SEC filed to delay the remaining $30,284,696 fine &#8221; in order to maximize the amount that may be distributed to investors and avoid delay in such distribution.&#8221; It&#8217;s currently unclear if state regulators will follow the SEC&#8217;s footsteps or if they will demand their respective fines regardless.</p><p>The crypto lender<a href="https://en.ethereumworldnews.com/blockfi-bankruptcy-files-chapter-11/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/blockfi-bankruptcy-files-chapter-11/" rel="noreferrer noopener"> filed for bankruptcy</a> months later in November after Sam Bankman-Fried&#8217;s FTX imploded the very same month. BlockFi reported a balance sheet hole greater than $1 billion in the bankruptcy filing. The lender owes over 100,000 creditors with liabilities as much as $10 billion.</p><p>A court approval in January 2023 allowed the lender to begin selling off its remaining assets to create liquidity for the money owed to creditors and regulators alike. In May, the company decided to <a href="https://en.ethereumworldnews.com/blockfi-liquidate-crypto-lending-platform/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/blockfi-liquidate-crypto-lending-platform/" rel="noreferrer noopener">liquidate</a> its crypto lending business after unsuccessful attempts at securing fresh cash injections from new investors.</p><p>A New Jersey judge also <a href="https://en.ethereumworldnews.com/blockfi-custodial-account-300-million/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/blockfi-custodial-account-300-million/" rel="noreferrer noopener">ruled</a> that users with funds in BlockFi custodial accounts could receive up to $300 million in repayment. </p>]]></description><link>https://m.coinsnews.com/sec-to-blockfi-in-50-million-settlement-saga-pay-debtors-first</link><guid>592028</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Crypto-Lender-Blockfi-Bags-250-Credit-Facility-From-FTX-770x433.jpg</dc:content ><dc:text>SEC To BlockFi In $50 Million Settlement Saga – Pay Debtors First</dc:text></item><item><title>Prime Trust Suspends Withdrawals After BitGo Terminates Acquisition Deal</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Prime Trust Suspends Withdrawals After BitGo Terminates Acquisition Deal 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-1.jpg 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-1-269x141.jpg 269w" sizes="(max-width: 310px) 100vw, 310px" title="Prime Trust Suspends Withdrawals After BitGo Terminates Acquisition Deal 21"><ul><li>Crypto custodian Prime Trust suspended withdrawals and deposits earlier today.&amp; </li><li>The suspension came after rival custodian BitGo terminated a deal to acquire the firm.&amp; </li><li>The Nevada Financial Institution Division issued an order to Prime Trust instructing it to suspend operations.&amp; </li><li>BitGo had reached a preliminary agreement to acquire its rival custody firm earlier this month.&amp; </li></ul><p>Crypto custody firm Prime Trust has suspended withdrawals and deposits on its platform. The news came just hours after a deal to be acquired by rival custody firm BitGo fell apart earlier today. BitGo announced earlier today that it had terminated the acquisition deal after considerable effort and work to find a path forward with the crypto custodian. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.</p>&mdash; BitGo (@BitGo) <a href="https://twitter.com/BitGo/status/1671869979321577472?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2><strong>Nevada Regulator Directs Prime Trust To Suspend Operations</strong></h2><p>According to a <a href="https://support.stably.io/en/articles/8039846-prime-trust-halting-deposit-withdrawal?_ga=2.224471130.1963557396.1687454592-813931187.1687454592&amp;_gl=1*1iirsmx*_ga*ODEzOTMxMTg3LjE2ODc0NTQ1OTI.*_ga_R2T8PD7439*MTY4NzQ1NDU5Mi4xLjEuMTY4NzQ1NDcxMS41My4wLjA." rel="nofollow noopener">press release</a> by one of Prime Trust&#8217;s primary custody client Stably, the Nevada Financial Institution Division issued an order to the crypto custody firm following which it halted all deposits of fiat and digital assets for custody. The custodian also halted all withdrawals of fiat and digital assets. The order was followed by an advisory from the firm for all clients to stop sending custody assets to the crypto custody firm. </p><blockquote class="wp-block-quote"><p>Prime Trust is actively engaging the NV FID to determine the next steps to remediate any concerns and return to business as usual as soon as possible. We sincerely apologize for this inconvenience and ask you to be patient with us while we work with the regulators to provide more clarification on the next steps.”</p></blockquote><p>Prime Trust’s troubles led to significant issues for, Stably. The firm had to stop onboarding, withdrawals, and deposits of Stably Ramp, as well as Stably Prime. The latest development comes just two weeks after BitGo <a href="https://en.ethereumworldnews.com/crypto-custodian-bitgo-buys-prime-trust/">announced</a> a preliminary agreement to acquire Prime Trust for an undisclosed amount. The custody firm’s Nevada Trust Company was poised to join BitGo’s existing global network of regulated trust companies in multiple jurisdictions, including Germany and Switzerland. The deal would’ve also seen the crypto custodian’s infrastructure map over 1:1 with BitGo’s services. </p>]]></description><link>https://m.coinsnews.com/prime-trust-suspends-withdrawals-after-bitgo-terminates-acquisition-deal</link><guid>591847</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-1.jpg</dc:content ><dc:text>Prime Trust Suspends Withdrawals After BitGo Terminates Acquisition Deal</dc:text></item><item><title>Yield Platform Haru Invest Offloads 100 Staff After Pausing Withdrawals</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-770x511.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Haru Invest" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-770x511.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-300x199.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-1024x680.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-1536x1020.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-2048x1360.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-500x332.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-746x495.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-1376x914.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Yield Platform Haru Invest Offloads 100 Staff After Pausing Withdrawals 20"><p>Summary: </p><ul><li>The South Korean crypto firm will fire 100 employees by Friday as the platform faces uncertain times, Haru Invest CEO Lee Hyung-soo said on a video call.</li><li>Haru Invest paused withdrawals earlier this month and evacuated its office due to an “internal situation”, per CoinDesk Korea. </li><li>Co-founder Eunkwang Joo tweeted that the crypto yield startup is not “maliciously trying to do a rug pull” amid concerns about the company’s sudden halt in operations.</li></ul><p>According to a CoinDesk Korea <a href="https://www.coindeskkorea.com/news/articleView.html?idxno=91862" target="_blank" data-type="URL" data-id="https://www.coindeskkorea.com/news/articleView.html?idxno=91862" rel="noreferrer noopener nofollow">report</a> on Thursday, Haru Invest is set to remove 100 workers from its payroll by Friday, June 23.</p><p>Haru Invest is a crypto yield platform based in South Korea that allows users to earn interest on their digital assets. Earlier this month, the startup suspended customer withdrawals due to a problem with its service partners.</p><h2>100 Haru Invest Employees Laid Off</h2><p>CEO Lee Hyung-soo reportedly shared the news about layoffs via a video call with employees. “I made that decision,” Lee told staff this week. “Due to the recent situation, normal company management is difficult,” Lee added about the ongoing trouble at Haru Invest.</p><p>A <a href="https://haruinvest.com/blog/a-letter-from-ceo-hugo-lee/" target="_blank" data-type="URL" data-id="https://haruinvest.com/blog/a-letter-from-ceo-hugo-lee/" rel="noreferrer noopener nofollow">blog post</a> from June 20 also stated the company plans to cooperate with customers pursuing legal action against the South Korean platform. Haru Invest also plans to sue B&amp;S Holdings for fraud among other allegations, suggesting that the problem might have originated from the holding company. </p><blockquote class="wp-block-quote"><p>We are pursuing legal action against B&amp;S Holdings for fraud, embezzlement, and other allegations. In the course of these legal actions, we are also gathering facts, including determining the extent of the damage. We will share relevant information based on our fact-finding at the appropriate time.</p></blockquote><p>Due to safety concerns after Haru Invest paused operations, the company’s office was left empty as CEO Lee directed workers to work from home.</p><p>Co-founder Eunkwang Joo <a href="https://twitter.com/jooddang/status/1668444998348726273?s=20" data-type="URL" data-id="https://twitter.com/jooddang/status/1668444998348726273?s=20" target="_blank" rel="noreferrer noopener nofollow">tweeted</a> to alleviate growing concerns and debunk rumors that the company was about to rug-pull users. Rug pulls refer to when projects or startups market a product to investors and disappear with the proceeds without delivering on their promise. The company joined a long list of crypto firms that have <a href="https://en.ethereumworldnews.com/celsius-cancels-ama-twitter-spaces/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/celsius-cancels-ama-twitter-spaces/" rel="noreferrer noopener">paused</a> withdrawals.</p>]]></description><link>https://m.coinsnews.com/yield-platform-haru-invest-offloads-100-staff-after-pausing-withdrawals</link><guid>591724</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Yield-Platform-Haru-Invest-Offloads-100-Staff-After-Pausing-Withdrawals-770x511.jpg</dc:content ><dc:text>Yield Platform Haru Invest Offloads 100 Staff After Pausing Withdrawals</dc:text></item><item><title>MakerDAO Diversifies Holdings By Purchasing $700 Million Of U.S. Treasuries</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.png" class="webfeedsFeaturedVisual wp-post-image" alt="MakerDAO Diversifies Holdings By Purchasing $700 Million Of U.S. Treasuries 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.png 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2-300x158.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2-269x141.png 269w" sizes="(max-width: 310px) 100vw, 310px" title="MakerDAO Diversifies Holdings By Purchasing $700 Million Of U.S. Treasuries 20"><ul><li>MakerDAO has purchased U.S. Treasury bonds worth a whopping $700 million.&amp; </li><li>The DeFi protocol’s total Treasuries holdings now stand at $1.2 billion amid attempts to diversify its holdings.&amp; </li><li>Maker’s first U.S. Treasuries purchase was with $500 million back in October 2022.&amp; </li><li>The latest purchase marks the last step in the protocol’s Endgame Plan which was unveiled by its founder Rune Christensen.</li></ul><p>MakerDAO has invested a whopping $700 million to acquire United States Treasury bonds in a bid to diversify its holdings. The decentralized finance protocol’s latest purchase is part of a broader plan to diversify the assets backing its $4.5 billion dollar-pegged DAI stablecoin by including more traditional financial assets such as government bonds.&amp; </p><h2><strong>MakerDAO Brings Total US Treasuries Holdings To $1.2 Billion</strong></h2><p>According to a report by <a href="https://news.bloomberglaw.com/privacy-and-data-security/crypto-project-buys-700-million-of-t-bills-to-diversify-assets" rel="nofollow noopener">Bloomberg</a>, MakerDAO’s bid to diversify its holdings has brought its total U.S. Treasuries holdings to a whopping $1.2 billion. This figure marks a significant increase since the DeFi lending protocol&#8217;s first government bond purchase of $500 million back in October 2022. The investment in these assets is the protocol’s way of increasing exposure to low risk, liquid traditional assets. </p><blockquote class="wp-block-quote"><p>“Through the diversification of its collateral pool with this U.S. Treasury ladder strategy, Maker is taking advantage of the current yield environment and putting its assets to work. Given the success of the initial deployment and today’s robust bond market, this increase in Maker’s real-world asset exposure is a strong, reliable, and flexible solution that will generate more revenue for the protocol.” </p><cite>Monetalis CEO Allan Pedersen</cite></blockquote><p>The plan to acquire the latest batch of U.S. Treasuries was finalized earlier this month after the community behind Maker <a href="https://en.ethereumworldnews.com/makerdao-buy-1-28-billion-us-treasuries/">approved</a> a proposal to increase the upper limit of a real-world asset (RWA) vault. The $1.25 billion vault is managed by digital asset manager Monetalis Clydesdale. The Monetalis Group reportedly completed the purchase of the U.S. Treasuries on behalf of MakerDAO.  This purchase marks the final step of the Endgame Plan which was unveiled by Maker&#8217;s founder Rune Christensen.</p>]]></description><link>https://m.coinsnews.com/makerdao-diversifies-holdings-by-purchasing-700-million-of-us-treasuries</link><guid>591476</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-2.png</dc:content ><dc:text>MakerDAO Diversifies Holdings By Purchasing $700 Million Of U.S. Treasuries</dc:text></item><item><title>Central Banks Pitch Standards For CBDCs &amp; Stablecoins With Industry Giants</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Central Banks Pitch Standards For CBDCs &amp; Stablecoins With Industry Giants 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-1536x921.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-2048x1228.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-746x447.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-1376x825.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Central Banks Pitch Standards For CBDCs &amp; Stablecoins With Industry Giants 20"><ul><li>The Monetary Authority of Singapore has published a whitepaper in collaboration with other central banks and financial institutions.&amp; </li><li>The central bank proposed standards for the use of digital money, including Central Bank Digital Currencies (CBDC).&amp; </li><li>The MAS tapped the International Monetary Fund as well as Amazon and DBS for its proposal.</li></ul><p>The Monetary Authority of Singapore (MAS) has released a white paper in collaboration with the International Monetary Fund (IMF), the <a href="https://en.ethereumworldnews.com/canada-central-bank-public-feedback-cbdc/">central banks</a> of Italy and South Korea, as well as multiple industry giants. The Singaporean Central Bank proposed a common protocol for specifying conditions for the use of digital money, including central bank digital currencies (CBDC), tokenized bank deposits, and stablecoins on a distributed ledger. </p><h2><strong>MAS Taps Amazon and DBS To Collaborate on CBDC &amp; Stablecoin Rules</strong></h2><p>According to a <a href="https://www.mas.gov.sg/news/media-releases/2023/mas-proposes-standards-for-digital-money" rel="nofollow noopener">press release</a> from the Monetary Authority of Singapore, the whitepaper was supported by the release of software prototypes that demonstrate the concept of Purpose Bound Money (PBM). PBM enables senders to specify conditions, such as validity period and types of shops when making transfers in CBDCs and stablecoins. The MAS was assisted by Banca d’Italia, Bank of Korea as well as fintech and financial institutions. </p><blockquote class="wp-block-quote"><p>“This collaboration among industry players and policymakers has helped achieve important advances in settlement efficiency, merchant acquisition, and user experience with the use of digital money. More importantly, it has enhanced the prospects for digital money becoming a key component of the future financial and payments landscape.&#8221;</p><cite>Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore</cite></blockquote><p>The central banks tapped industry leaders, including Amazon, Grab, and Fazz for a use case involving escrow arrangements for online retail payments. This would allow payment to be released to the merchant only when the customer receives the items purchased, thus providing greater assurance to both parties.&amp; </p><p>Meanwhile, DBS, NETS, and UOB will help with trials, including PBM-based cashback and other incentives to improve consumer experiences while reducing frictions faced by merchants, such as manual reconciliation of sales proceeds and time needed to onboard new sales campaigns.&amp; </p>]]></description><link>https://m.coinsnews.com/central-banks-pitch-standards-for-cbdcs-stablecoins-with-industry-giants</link><guid>591477</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/44CWAUKFFJBQ7PMULATC5O25WA-770x462.jpg</dc:content ><dc:text>Central Banks Pitch Standards For CBDCs &amp; Stablecoins With Industry Giants</dc:text></item><item><title>3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures</title><description><![CDATA[<img width="770" height="442" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-770x442.png" class="webfeedsFeaturedVisual wp-post-image" alt="OPNX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-770x442.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-300x172.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-500x287.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-269x154.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-746x428.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time.png 958w" sizes="(max-width: 770px) 100vw, 770px" title="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 23"><p>Summary: </p><ul><li>Su Zhu and Kyle Davies’s new crypto venture OPNX partners with a firm bearing a similar name to the fallen hedge fund.</li><li>3AC Ventures will act as the new ecosystem partner of the digital exchanges that hopes to unlock a $20 billion bankruptcy claim market.</li><li>“3AC is dead, long live 3AC Ventures” tweeted Three Arrows Capital co-founder Kyle Davies on Wednesday following the announcement.</li></ul><p>Crypto claims exchange OPNX, breathed into life by former Three Arrows Execs Su Zhu and Kyle Davies, has unveiled a new ecosystem partner called <a href="https://www.3acventures.com/" target="_blank" data-type="URL" data-id="https://www.3acventures.com/" rel="noreferrer noopener nofollow">3AC Ventures</a>.</p><p>Following the announcement, Kyle Davies who co-founded bankrupt crypto hedge fund Three Arrows Capital or 3AC &#8211; not to be confused with the spanking new 3AC Ventures &#8211; tweeted “3AC is dead, long live 3AC Ventures”.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">3AC is dead, long live 3AC Ventures <a href="https://t.co/61s8uQquOZ" rel="nofollow">https://t.co/61s8uQquOZ</a></p>&mdash; Kyle Davies ???? (@KyleLDavies) <a href="https://twitter.com/KyleLDavies/status/1671505640848515072?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>OPNX Enters Partnership With 3AC Ventures</h2><p>The official announcement says the partnership between OPNX and 3AC ventures will pave a clearer path toward decentralization by backing select projects.</p><blockquote class="wp-block-quote"><p>The partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future.</p></blockquote><p>3AC Ventures seems to be a fork of the fallen 3AC entity but with no “leverage, no debt, no fear” this time, Davies replied to a user on Twitter. The firm boasts a business model built around “superior risk-adjusted” returns without the use of leverage, per details from the 3AC Ventures website.</p><figure class="wp-block-image size-large"><img width="1024" height="388" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-1024x388.png" alt="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 15" class="wp-image-582762" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-1024x388.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-300x114.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-770x292.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-269x102.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures-746x283.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/3AC-Ventures.png 1345w" sizes="(max-width: 1024px) 100vw, 1024px" title="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 20"><figcaption><strong>3AC Ventures</strong></figcaption></figure><p>The announcement and support from 3AC’s Davies met with mixed reactions on social media as some users were left baffled by the move. “Here we go again,” one user said while another replied, “Anyone who invests with you at this point deserves what they get&#8221;. </p><figure class="wp-container-2 wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-large"><img width="601" height="483" data-id="582763" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-135.png" alt="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 16" class="wp-image-582763" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-135.png 601w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-135-300x241.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-135-500x402.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-135-269x216.png 269w" sizes="(max-width: 601px) 100vw, 601px" title="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 21"></figure><figure class="wp-block-image size-large"><img width="591" height="488" data-id="582764" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-136.png" alt="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 17" class="wp-image-582764" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-136.png 591w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-136-300x248.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-136-500x413.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-136-269x222.png 269w" sizes="(max-width: 591px) 100vw, 591px" title="3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures 22"></figure></figure><p>Indeed, OPNX has been <a href="https://en.ethereumworldnews.com/opnx-crypto-exchange-3ac-coinflex-live/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/opnx-crypto-exchange-3ac-coinflex-live/" rel="noreferrer noopener">shrouded in controversy since its launch</a> due to the minds behind the project. The founding members include Su Zhu and Kyle Davies whose crypto hedge fund 3AC crumbled last year following the Terra crash. OPNX also features execs from other troubled crypto ventures like CoinFLEX.</p>]]></description><link>https://m.coinsnews.com/3acs-brain-child-opnx-announces-new-ecosystem-partner-3ac-ventures</link><guid>591406</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Three-Arrows-Capital-3AC-Creditors-Meet-On-July-18-For-The-First-Time-770x442.png</dc:content ><dc:text>3AC’s Brain Child OPNX Announces New Ecosystem Partner 3AC Ventures</dc:text></item><item><title>Bitcoin Rallies Toward $29,000 Following BlackRock, WisdomTree, And Invesco ETF Plays</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-770x578.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-770x578.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-1024x768.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-746x560.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-1376x1032.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High.jpg 1536w" sizes="(max-width: 770px) 100vw, 770px" title="Bitcoin Rallies Toward $29,000 Following BlackRock, WisdomTree, And Invesco ETF Plays 24"><p>Summary: </p><ul><li>Bitcoin neared double-digit gain in the past 24 hours following ETF applications from giant TradFi players like BlackRock.</li><li>BTC traded above $28,800 on Monday, over 7% up in the past 1 day per data from TradingView and CMC.</li><li>$8 trillion asset manager BlackRock filed a Bitcoin ETF with the SEC galvanizing other applications amid an ongoing crypto crackdown in the U.S.</li></ul><p>Bitcoin, crypto’s largest token by market cap, edged toward $29,000 during trading hours on June 21 on the back of growing interest from major institutional players in traditional finance.</p><p>According to data from CoinMarketCap, BTC was almost in double-digit gains on Wednesday. The token was up over 7% in the last 24 hours and exchanged hands around $28,900 across crypto trading venues.</p><p>BTC’s price also strangely skyrocketed on Binance US, peaking at around $138,000 in the early hours of Wednesday before reclaiming parity with spot market prices in the $28,000 range.</p><p>It’s not yet clear what caused the price spike on Binance’s American platform although this is not the first time such an incident has happened in recent times.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-1024x417.png" alt="Bitcoin Rallies Toward $29,000 Following BlackRock, WisdomTree, And Invesco ETF Plays 16" class="wp-image-582759" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-21_12-06-35.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Rallies Toward $29,000 Following BlackRock, WisdomTree, And Invesco ETF Plays 23"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><h2>ETF Application Boom After BlackRock Bitcoin Interest</h2><p>The prevailing assumption is that Bitcoin is rallying thanks to interest from TradFi institutional players like BlackRock.</p><p>Indeed, the $8 trillion asset management behemoth <a href="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/us-banks-bitcoins-largest-holder-mstr/" rel="noreferrer noopener">applied</a> for a Bitcoin ETF, a product notoriously rejected by the U.S. Securities and Exchange Commission due to supposed market manipulation concerns.</p><p>The company notably has a stellar record with filing ETPs in general with 575 successful filings against 1 failed attempt.</p><p>BlackRock also owns a whopping 6% stake in Michael Saylor’s MicroStrategy, the largest corporate holder of BTC with around 140,000 Bitcoins worth over $3 billion.</p><p>The company’s stake in MSTR has seemingly spurred speculations and hopium among proponents that institutional players are taking big bets on BTC, and perhaps the broader crypto market by extension.</p><p>At the very least, BlackRock’s move has galvanized other TradFi entities like WisdomTree and Invesco to take a gamble at a Bitcoin ETF filing.</p><p>The interest from these players comes at a time when the SEC dropped the hammer on crypto’s two largest centralized exchanges Binance and Coinbase.</p><p>According to the SEC, both platforms <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">violated securities laws</a> by operating unregistered securities exchanges and offering illegal securities tokens. A <a href="https://en.ethereumworldnews.com/refute-sec-sol-ada-matic-securities/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/refute-sec-sol-ada-matic-securities/" rel="noreferrer noopener">basket of cryptos</a> like including SOL, ADA, and MATIC were listed in the respective lawsuits.</p><p>Trading venues like <a href="https://en.ethereumworldnews.com/sec-etoro-delist-algo-mana-dash-matic/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-etoro-delist-algo-mana-dash-matic/" rel="noreferrer noopener">eToro</a> and <a href="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" rel="noreferrer noopener">Robinhood</a> subsequently delisted some of these tokens in a bid to mitigate possible regulatory consequences.</p>]]></description><link>https://m.coinsnews.com/bitcoin-rallies-toward-29000-following-blackrock-wisdomtree-and-invesco-etf-plays</link><guid>591348</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/06/Bitcoin-Falls-Under-30000-As-U.S-Inflation-Hits-40-year-High-770x578.jpg</dc:content ><dc:text>Bitcoin Rallies Toward $29,000 Following BlackRock, WisdomTree, And Invesco ETF Plays</dc:text></item><item><title>New Polygon Proposal Seeks To Make PoS Chain ZK Compatible</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="New Polygon Proposal Seeks To Make PoS Chain ZK Compatible 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-746x419.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo.webp 1245w" sizes="(max-width: 770px) 100vw, 770px" title="New Polygon Proposal Seeks To Make PoS Chain ZK Compatible 24"><ul><li>Polygon co-founder Mihailo Bjelic unveiled a new Polygon improvement proposal earlier today.&amp; </li><li>The proposal seeks to upgrade Polygon’s proof of stake chain to zkEVM Validium.</li><li>The proposal addresses several concerns, including security, gas spike issues, and reorg issues.&amp; </li><li>If approved, the zk compatibility would bring scalability, faster transactions, and greater decentralization to the network.&amp; </li></ul><p>Polygon co-founder Mihailo Bjelic has proposed a major upgrade to the network’s proof of stake (PoS) architecture. The proposal seeks to upgrade the PoS chain to a zkEVM Validium. <a href="https://en.ethereumworldnews.com/polygon-supports-franklin-templeton-fund/">Polygon</a>, whose zk rollup went live earlier this year, would still be compatible with the Ethereum Virtual Machine as per the latest proposal. </p><h2><strong>MATIC Would Remain Polygon’s Native Staking Token</strong></h2><p>According to the pre-Polygon Improvement Proposal (PIP) <a href="https://forum.polygon.technology/t/pre-pip-discussion-upgrading-polygon-pos-to-a-zkevm-validium/12187" rel="nofollow noopener">discussion</a> started by Mihailo Bjelic on the network’s governance forum, the proposed upgrade to a zkEVM validium would address the network’s current problems including the security issues, its reliance on Cosmos SDK and Geth, and gas spikes as well as reorg issues. The proposal added that MATIC would continue to serve as Polygon&#8217;s staking token. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ Today a proposal was published to upgrade Polygon PoS to a zkEVM validium, a first-of-its-kind, decentralized ZK Layer 2.<br><br>As a zkEVM validium, Polygon PoS would inherit Ethereum&#39;s unmatched security, while preserving low fees &amp; high scalability.<br><br>???????? <a href="https://t.co/5fsMOqLqRy" rel="nofollow">https://t.co/5fsMOqLqRy</a> <a href="https://t.co/9r9VILxdvu" rel="nofollow">pic.twitter.com/9r9VILxdvu</a></p>&mdash; Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1671208777784209441?ref_src=twsrc%5Etfw" rel="nofollow noopener">June 20, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>zkEVM Validium has been presented as a viable, beneficial, and straightforward solution for Polygon’s ongoing issues. Direct benefits of the upgrade would include increased security by leveraging Ethereum&#8217;s high security, and future-proof tech stack rather than legacy blockchain architecture. If approved the proposal would also eliminate reorgs, speed up transaction confirmations, increase stability and fee estimation, and bring greater decentralization while making it compatible with Polygon 2.0. </p><blockquote class="wp-block-quote"><p>“Upgraded Polygon PoS (zkEVM validium) would offer very high scalability and very low fees, with the tradeoff of storing transaction data locally instead of on Ethereum. It would be a great fit for applications that have high transaction volume and require low transaction fees, e.g. Web3 gaming and social.” </p><cite>Mihailo Bjelic, co-founder, Polygon</cite></blockquote><p>As per the timeline laid out in accordance with the governance process, the pre-PIP discussion and consensus are expected to be done before the end of July 2023. PIP publishing, discussion, and consensus would take place between October as well as November 2023. That would be followed by PIP implantation and testing between November and January 2024. Lastly, the upgrade and PIP activation on the mainnet would take place between February 2024 and March 2024.&amp; </p>]]></description><link>https://m.coinsnews.com/new-polygon-proposal-seeks-to-make-pos-chain-zk-compatible</link><guid>591189</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/polygon-logo-770x433.webp</dc:content ><dc:text>New Polygon Proposal Seeks To Make PoS Chain ZK Compatible</dc:text></item><item><title>Gemini Picks Singapore For Asia-Pacific Hub, Plans To Increase Headcount By 100</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Gemini Picks Singapore For Asia-Pacific Hub, Plans To Increase Headcount By 100 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini.jpg 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Gemini Picks Singapore For Asia-Pacific Hub, Plans To Increase Headcount By 100 24"><ul><li>Crypto exchange Gemini has selected Singapore to serve as the hub for its operations in the Asia Pacific region.&amp; </li><li>The Winklevoss-owned exchange plans to hire more than 100 employees for its Singapore office.&amp; </li><li>The crypto exchange is also growing its engineering base in India and plans to hire key employees for the Gurgaon office.&amp; </li></ul><p>Gemini Trust Company has announced its expansion plans for the Asia Pacific region, with Singapore to serve as its hub for APAC operations. The announcement comes just days after the crypto exchange’s announcement comes just days after its leadership team visited the region as part of their efforts dedicated to global expansion. The crypto exchange has identified APAC as a “great driver” of the next wave of growth for crypto and Gemini.</p><h2><strong>Gemini To Expand Engineering Operations In India</strong></h2><p>According to a <a href="https://www.gemini.com/blog/gemini-announces-expansion-plans-in-apac" rel="nofollow noopener">blog post</a> by Gemini earlier today, the crypto exchange plans to increase its headcount in Singapore by hiring more than 100 employees over the next 12 months. The exchange’s history with the country dates back to 2020 when it launched support for the Singapore Dollar (GSD) in order to provide Singapore residents with seamless access to the crypto market. </p><p>In addition to the Singapore hub, Gemini is also expanding its engineering operations in <a href="https://www.gemini.com/blog/gemini-to-expand-global-engineering-and-operations-teams-with-new-india-office" rel="nofollow noopener">India</a> with an office in the city of Gurgaon which will serve as the second largest engineering hub behind the United States. The Winklevoss-owned exchange is actively hiring software engineers and technical product managers for its Gurgaon office as well. </p><blockquote class="wp-block-quote"><p>Our engineering, design, and operations teams in India will make significant contributions to the development of our next-generation web and mobile user experiences core platform fundamentals in the area of compliance, data pipelines and warehousing….” </p><cite>Pravjit Tiwana, Gemini’s Global CTO and CEO of Asia Pacific</cite></blockquote><p>Gemini’s latest developments in the Asia Pacific region are the result of a broader push for global expansion amid a rising crackdown in the United States. Last month, the crypto exchange <a href="https://en.ethereumworldnews.com/gemini-european-headquarters-ireland/">announced</a> Ireland as its hub to manage operations in Europe. </p>]]></description><link>https://m.coinsnews.com/gemini-picks-singapore-for-asia-pacific-hub-plans-to-increase-headcount-by-100</link><guid>591135</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg</dc:content ><dc:text>Gemini Picks Singapore For Asia-Pacific Hub, Plans To Increase Headcount By 100</dc:text></item><item><title>Citadel &amp; Fidelity Backed Crypto Exchange EDX Markets Goes Live</title><description><![CDATA[<img width="311" height="162" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Citadel &amp; Fidelity Backed Crypto Exchange EDX Markets Goes Live 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.jpg 311w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-300x156.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-269x140.jpg 269w" sizes="(max-width: 311px) 100vw, 311px" title="Citadel &amp; Fidelity Backed Crypto Exchange EDX Markets Goes Live 24"><ul><li>A crypto exchange backed by TradFi giants like Citadel and Fidelity has started operations.&amp; </li><li>EDX Markets announced the launch of its digital asset market and the completion of an investment round earlier today.&amp; </li><li>The crypto exchange currently offers several mainstream cryptocurrencies including BTC, ETH, and LTC.&amp; </li><li>The exchange will only cater to institutional clients and will use a third party for crypto custody.&amp; </li></ul><p>EDX Markets has kicked off operations following an investment round earlier today that added new equity partners. The new investors joined a coalition of founding investors, including traditional finance giants like Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital. The crypto exchange went live more than nine months after it was unveiled in September last year.&amp; </p><h2><strong>EDX Markets Will Not Serve Retail Customers</strong></h2><p>According to a <a href="https://www.businesswire.com/news/home/20230620110605/en/Digital-Asset-Platform-EDX-Markets-Begins-Trading-and-Completes-New-Funding-Round" rel="nofollow noopener">press release</a> by EDX Markets earlier today, the crypto exchange presented itself as a digital asset marketplace designed to enable safe and compliant trading of digital assets through trusted intermediaries. The exchange also concluded an investment round that added strategic investors, including DV Crypto, GTS, GSR Markets, and Miami International Holdings, which recently acquired <a href="https://en.ethereumworldnews.com/ftxs-ledgerx-acquired-by-m7-holdings/">LedgerX</a> from FTX. </p><p>EDX will not cater to retail crypto customers. The new exchange will allow institutional investors to trade top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). While not offering services to retail investors directly, the exchange reportedly expects retail brokerages to send investors’ orders to buy and sell crypto products to its marketplace. The exchange will use a third-party custodian to handle its clients’ digital assets.&amp; </p><blockquote class="wp-block-quote"><p>“EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market. We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices.” </p><cite>Jamil Nazarali, CEO of EDX Markets</cite></blockquote><p>EDX also announced that it would launch a new clearinghouse business later this year to make its investors’ settlement princess more efficient. EDX Clearing will settle trades matched on the crypto marketplace and facilitate trades against a central counterparty.&amp; </p>]]></description><link>https://m.coinsnews.com/citadel-fidelity-backed-crypto-exchange-edx-markets-goes-live</link><guid>591084</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.jpg</dc:content ><dc:text>Citadel &amp; Fidelity Backed Crypto Exchange EDX Markets Goes Live</dc:text></item><item><title>Do Kwon Issued 4-Month Sentence By Montenegro Court For Faking Passport</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-300x199.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-500x332.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-746x495.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says.jpg 791w" sizes="(max-width: 770px) 100vw, 770px" title="Do Kwon Issued 4-Month Sentence By Montenegro Court For Faking Passport 24"><ul><li>A Montenegro Court sentenced TerraUSD creator Do Kwon to four months in jail for forging travel papers. </li><li>The Terraform Labs founder was set to remain in Montenegrin custody till next year as authorities consider extradition requests from South Korea and the U.S.</li><li>South Korean investigators could seek a 40-year sentence for Do Kwon after his company&#8217;s multi-billion collapse last summer. </li></ul><p>Terraform Labs founder Do Kwon was found guilty of forging travel documents and sentenced to four months in jail by a Montenegro court, <a href="https://sudovi.me/ospg/sadrzaj/D264" data-type="URL" data-id="https://sudovi.me/ospg/sadrzaj/D264" target="_blank" rel="noreferrer noopener nofollow">reports</a> said on Monday. Kwon pleaded &#8220;Not guilty&#8221; last Friday to the charges.</p><p>The fugitive Kwon was arrested in March by Montenegrin law enforcement in Podgorica, the country&#8217;s capital city. Authorities detained the former crypto tycoon as he was about to board a private plane bound for Dubai. Kwon was arrested together with Han Chang-Joon, a former CFO and executive at Terra. </p><p>Both suspects were initially granted bail before a High Court annulled the decision. Bail was again <a href="https://en.ethereumworldnews.com/do-kwon-granted-400k-bail-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-granted-400k-bail-montenegro/" rel="noreferrer noopener">granted</a> by the Basic Court prior to today&#8217;s ruling. Furthermore, it was previously determined by a Montenegrin court that Do Kwon would remain in detention for six month while authorities assess extradition requests from South Korea and the U.S. </p><h2>Do Kwon&#8217;s Legal Woes </h2><p>The ruling on June 19 is the first against Do Kwon since his company Terraform Labs collapsed in May 2022 and wiped out billions in investments. Estimates say that the Terra&#8217;s crash, premeditated by the collapse of TerraLUNA (now LUNA Classic or LUNC) and the algorithmic stablecoin TerraUSD (UST), amounted to over $40 billion in drown investments from retail and institutional players. </p><p>Indeed, the collapse unleashed a domino effect that saw companies like Three Arrows Capital, Voyager, and BlockFi fall to ruin. </p><p>Since then Do Kwon has evaded law enforcement despite claiming to not be on the run. South Korean investigators claim that Do Kwon&#8217;s violations of the country&#8217;s Capital Markets Acts makes the jurisdiction the perfect place for his trial. Kwon could spend as much as 40 years in prison if <a href="https://en.ethereumworldnews.com/do-kwon-sentence-40-year-south-korea-jail/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-sentence-40-year-south-korea-jail/" rel="noreferrer noopener">convicted</a> in his home country. </p><p>Elsewhere, U.S authorities also want to prosecute Do Kwon as the Securities and Exchange Commission already filed charges against the former Terra CEO. </p>]]></description><link>https://m.coinsnews.com/do-kwon-issued-4-month-sentence-by-montenegro-court-for-faking-passport</link><guid>590724</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg</dc:content ><dc:text>Do Kwon Issued 4-Month Sentence By Montenegro Court For Faking Passport</dc:text></item><item><title>Core Ethereum Developers Mull Extending Validator Balance To Over 2000 ETH</title><description><![CDATA[<img width="770" height="498" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-770x498.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Ethereum" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-770x498.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-300x194.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-500x324.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-269x174.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-746x483.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14.jpg 850w" sizes="(max-width: 770px) 100vw, 770px" title="Core Ethereum Developers Mull Extending Validator Balance To Over 2000 ETH 24"><p>Summary: </p><ul><li>Ethereum Foundation researcher Michael Neuder proposed increasing the validator balance cap from 32 ETH to 2,048 ETH.</li><li>The idea being considered within the developer community would stem the growing active validator set size and optimize network efficiency.</li><li>Increasing the limits of validator balances would also make room for auto-compounding of rewards, allowing validators to earn maximum yield for their staked coins.</li></ul><p>Following a <a href="https://twitter.com/christine_dkim/status/1669740046256312320?s=46&amp;t=pA66xOVb6aHMw-v_CxFceA" target="_blank" data-type="URL" data-id="https://twitter.com/christine_dkim/status/1669740046256312320?s=46&amp;t=pA66xOVb6aHMw-v_CxFceA" rel="noreferrer noopener nofollow">proposal</a> from Ethereum Foundation researcher Michael Neuder, core developers of crypto’s largest altcoin network could increase the validator balance cap from the 32 ETH limit to a staggering 2,048 ETH if the idea garners support.</p><p>Neuder shared the proposal during the developer&#8217;s bi-weekly call where client teams meet to discuss and coordinate the most important updates to the network. The increase in validator balance seems to address a major concern &#8211; the growing number of validators on Ethereum&#8217;s PoS network.</p><p>Indeed, the current 32 ETH limit means that entities must run multiple validators if they wish to stake past the limit and access more staking rewards. The balance limit has so far spurred an increase in <a href="https://en.ethereumworldnews.com/ethereum-validators-500000-post-merge/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ethereum-validators-500000-post-merge/" rel="noreferrer noopener">validators which currently exceeds half a million</a>, a rapid increase since The Merge.</p><p>According to Neuder’s proposal, increasing the balance limit will push Ethereum toward greater efficiency by optimizing finality in a single block.</p><p>While the current balance cap buoys decentralization, it also causes entities to operate a concerning number of validators which could adversely impact network efficiency, Neuder argued during Friday’s developer&#8217;s call.</p><h2>More Ethereum Rewards For Validators</h2><p>Furthermore, Neuder’s proposal could unlock greater rewards for <a href="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" rel="noreferrer noopener">Ethereum validators</a> since they would be able to stake more and therefore, earn more yield on their staked tokens.</p><p>Currently, the 32 ETH limit does not allow validators to earn rewards beyond their capped balances. This limit propels operational costs for larger node operators who end up managing hundreds or thousands of validators in a bid to maximize their yield generation.</p><p>If the cap is increased, Neuder argued that an auto-compounding feature could allow for fewer Ethereum validators to exist while accessing greater rewards through auto-compounding of their staked yield.</p><p>The researcher warned that the idea is not without risk and developers will continue to weigh the merits alongside other hot-button upgrades mulled in the upcoming Deneb and Cancun.</p><p>Deneb which focuses on changes to the consensus layer should roll out based on three EIPs. EIP 7044 introduces a code change that accepts signed validator exits in perpetuity, thus bettering the shaking experience.</p><p>Another staking experience upgrade, EIP 4788, aims to improve access to Beacon chain blocks with information on the chain state inside EVMs. EIP 7045 focuses on improved security by expanding the attestation slot from a rolling window of one epoch to two epochs.</p>]]></description><link>https://m.coinsnews.com/core-ethereum-developers-mull-extending-validator-balance-to-over-2000-eth</link><guid>590670</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Ethereum-Shanghai-Upgrade-Scheduled-For-Goerli-Test-On-Mar.-14-770x498.jpg</dc:content ><dc:text>Core Ethereum Developers Mull Extending Validator Balance To Over 2000 ETH</dc:text></item><item><title>Binance Under Investigation In France, Company Exits Dutch Market After Cyprus Decision: Report</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Under Investigation In France, Company Exits Dutch Market After Cyprus Decision: Report 25"><p>Summary: </p><ul><li>Binance is under investigation in France for offering illegal digital asset services and aggravated money laundering, Le Monde reported. </li><li>The platform announced its exit from the Netherlands on Friday after failing to obtain a license and meet up with AML regulations.</li><li>Binance recently shut down its business in Cyprus as part of plans to comply with the newly signed EU MiCA policies.</li><li>The crypto exchange is under heavy scrutiny from the U.S. SEC for allegedly operating an unregistered securities exchange and offering illegal securities trading to American investors.</li></ul><p>According to <a href="https://www.lemonde.fr/pixels/article/2023/06/16/binance-principale-plate-forme-mondiale-d-echange-de-cryptomonnaies-visee-par-une-enquete-en-france_6177876_4408996.html" target="_blank" data-type="URL" data-id="https://www.lemonde.fr/pixels/article/2023/06/16/binance-principale-plate-forme-mondiale-d-echange-de-cryptomonnaies-visee-par-une-enquete-en-france_6177876_4408996.html" rel="noreferrer noopener nofollow">Le Monde</a> citing word from the Paris public prosecutors office, Binance is under investigation for illegally providing French investors with digital asset trading facilities and also supporting “acts of aggravated money laundering”. </p><p>French authorities allege that the company offered these services to French customers through its local division and regulators have been investigating suspicions since February 2022. The local publication reported that documents and records seized will be analyzed for evidence as regulators build their case against crypto’s largest centralized exchange. </p><p>In other related news, the crypto exchange is <a href="https://twitter.com/binance/status/1669628787267624961?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/binance/status/1669628787267624961?s=20" rel="noreferrer noopener nofollow">pulling out of the Dutch market</a> after failing to secure a crypto license and comply with the Netherlands’ anti-money laundering (AML) policies. </p><p>Binance’s exit from the Netherlands comes shortly after the company announced plans to shut down its division in Cyprus. This decision was reportedly taken as a strategic move to comply with MiCA, the landmark crypto rule recently <a href="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" rel="noreferrer noopener">signed</a> into law by EU policymakers.</p><h2>Binance Vs SEC</h2><p>Friday’s developments about exiting the Dutch markets and investigations in France have emerged amid intense regulatory scrutiny in America. </p><p>The U.S. Securities and Exchange Commission sued Binance and CEO Changpeng Zhao for breaking securities law, commingling customers&#8217; funds in a private entity, and denying investors of proper protection through necessary disclosure. </p><p>Binance US, the company’s American affiliate, has seen its market share shrink to 1% following the news, per Kaiko data. The U.S. trading arm also announced staff cuts as it prepares for a lengthy and expensive litigation process with the SEC. </p><figure class="wp-block-image size-large"><img width="1024" height="540" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-1024x540.jpg" alt="Binance Under Investigation In France, Company Exits Dutch Market After Cyprus Decision: Report 15" class="wp-image-582734" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-1024x540.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-770x406.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-269x142.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko-746x393.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Exchange-Market-Share-In-The-U.S.-by-Kaiko.jpg 1312w" sizes="(max-width: 1024px) 100vw, 1024px" title="Binance Under Investigation In France, Company Exits Dutch Market After Cyprus Decision: Report 24"><figcaption><strong><a href="https://twitter.com/KaikoData/status/1669647786290163712?s=20" data-type="URL" data-id="https://twitter.com/KaikoData/status/1669647786290163712?s=20" target="_blank" rel="noreferrer noopener nofollow">Binance US Market Share Drops To 1%. Image &#8211; Kaiko</a></strong></figcaption></figure><p>Coinbase, another major crypto exchange and the largest digital asset trading venue in America was also <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">sued</a> by the SEC for similar rule-breaking. </p><p>Both firms have denied the allegations and promised to fight the SEC in court, claiming that the regulator has failed to provide clear rules or offer a path for registration.</p>]]></description><link>https://m.coinsnews.com/binance-under-investigation-in-france-company-exits-dutch-market-after-cyprus-decision-report</link><guid>589971</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/Binance-CEO-CZ-770x514.jpg</dc:content ><dc:text>Binance Under Investigation In France, Company Exits Dutch Market After Cyprus Decision: Report</dc:text></item><item><title>Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR</title><description><![CDATA[<img width="612" height="408" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop.jpg 612w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop-269x179.jpg 269w" sizes="(max-width: 612px) 100vw, 612px" title="Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR 25"><p>Summary: </p><ul><li>BlackRock, Bank of America, and Fidelity have all massively increased their holdings of MicroStrategy stock, Bitcoin’s largest corporate holder.</li><li>Buying MSTR seems to be a path to BTC exposure rather than directly buying crypto’s top coin.</li><li>Canada’s sixth largest bank has also spent a considerable amount buying MicroStrategy stock in 2023.</li><li>The appetite for MSTR shares comes at a time when the U.S. Securities and Exchange Commission is cracking down on crypto activity in America.</li></ul><p>Major banks and Financial Institutions in the U.S. seem to be increasing their exposure to Bitcoin by accumulating massive positions of MicroStrategy shares, the same company that is currently the largest corporate holder of BTC with coffers worth over $3 billion at current prices.</p><p>Three giants in particular &#8211; BlackRock, Bank of America, and Fidelity have spent a combined $200+ million buying MicroStrategy’s MSTR. </p><p>Bank of America, the 2nd largest bank in the U.S. worth over $200 billion and with over $3 trillion in assets under management (AUM), spent $59.5 million solidifying its 2.3% stake in Michael Saylor’s company.</p><p>Fidelity with its $4.5 trillion AUM portfolio splurged over $25 million securing a 1% stake in MSTR while Canada’s sixth largest financial house, The National Bank of Canada spent over half a million dollars buying MicroStrategy shares this year.</p><p>Perhaps the most eye-catching MSTR buyer with over $150 million worth of shares is the world’s largest asset manager with $10 trillion in AUM &#8211; BlackRock. BlackRock boasts a massive 6% stake in MicroStrategy. Coincidentally, or perhaps not, recent reports from <a href="https://www.coindesk.com/business/2023/06/15/blackrock-close-to-filing-bitcoin-etf-source/" target="_blank" data-type="URL" data-id="https://www.coindesk.com/business/2023/06/15/blackrock-close-to-filing-bitcoin-etf-source/" rel="noreferrer noopener nofollow">CoinDesk</a> say that BlackRock plans to file a Bitcoin ETF.</p><p>Notably, the U.S. SEC has historically denied Bitcoin ETF applications previously submitted by companies like Grayscale. It’s unclear if BlackRock might succeed where others have failed.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="644" height="565" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Top-10-MicroStrategy-MSTR-Stock-Owners-1.png" alt="Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR 12" class="wp-image-582730" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Top-10-MicroStrategy-MSTR-Stock-Owners-1.png 644w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Top-10-MicroStrategy-MSTR-Stock-Owners-1-300x263.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Top-10-MicroStrategy-MSTR-Stock-Owners-1-269x236.png 269w" sizes="(max-width: 644px) 100vw, 644px" title="Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR 23"><figcaption><strong>Top 10 MicroStrategy MSTR Stock Owners. Image &#8211; <a href="https://twitter.com/BTC_Culture" rel="nofollow noopener">Bitcoin Culture</a></strong></figcaption></figure></div><h2>MSTR Offers Bitcoin Exposure </h2><p>It’s possible that U.S. banking and financial giants are aping in on MSTR stock since the company holds Bitcoin, and thus, offers exposure to crypto’s leading coin by market cap. Indeed, Michael Saylor’s MicroStrategy is the <a href="https://en.ethereumworldnews.com/microstrategy-bitcoin-29-million-btc-buy/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/microstrategy-bitcoin-29-million-btc-buy/" rel="noreferrer noopener">largest corporate holder of Bitcoin</a> at press time with over 140,000 BTC worth more than $3 billion at today’s prices. </p><p>Apart from leading the crypto industry as the top coin by market cap, Bitcoin sits on a short list of digital assets not considered an unregistered security by the SEC. </p><p>Analysis and predictions from several stakeholders, including the $700 billion-strong Standard Chartered agree that BTC will leap in value by 2024. This possibly makes BTC an alluring investment for America’s biggest institutions with MSTR offering a regulated way for these banks to hold Bitcoin.</p><p>Bitcoin traded around $25,000 on Thursday after falling in price amid a broader crypto market downturn that followed the SEC&#8217;s <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">enforcement actions against Binance and Coinbase</a>. </p><figure class="wp-block-image size-large"><img width="1024" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-1024x400.png" alt="Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR 13" class="wp-image-582728" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-1024x400.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-300x117.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-770x301.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-269x105.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32-746x292.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-15_14-53-32.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR 24"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/biggest-us-banks-place-quiet-big-bets-on-bitcoins-largest-corporate-holder-mstr</link><guid>589674</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/MicroStrategy-Bets-Bigger-On-Bitcoin-With-29-Million-BTC-Scoop.jpg</dc:content ><dc:text>Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR</dc:text></item><item><title>Tether (USDT) Depegs Amid Curve 3pool Imbalance, “Let Them Come,” CTO Says</title><description><![CDATA[<img width="746" height="497" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tether" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit-269x179.jpg 269w" sizes="(max-width: 746px) 100vw, 746px" title="Tether (USDT) Depegs Amid Curve 3pool Imbalance, “Let Them Come,” CTO Says 28"><p>Summary: </p><ul><li>On Thursday, Crypto’s largest stablecoin USDT from Tether slightly depegged as a token imbalance rocked Curve’s popular 3pool.</li><li>Tether balances on Curve’s stablecoin pool peaked at 76% at press time as traders sold millions of USDT for DAI and USDC.</li><li>“We are ready to redeem any amount” CTO Paolo Ardoino tweeted saying that edgy markets make easy prey for attackers.</li></ul><p>Stablecoin balances on Curve’s 3pool show that traders are opting out of Tether’s USDT as crypto’s largest stablecoin by a wide margin depegged during trading hours on Thursday. </p><p>Analysis from on-chain insight outfit Peckshield showed that USDT made up over 76% of 3pool, a stablecoin pool offered by Curve Finance that features USDT, Maker’s DAI, and Circle’s USDC. </p><p>The sharp balance change means that traders are swapping millions of USDT for DAI and USDC amid the slight depeg. The development could also provide an opportunity for arbitrage traders looking to profit from another depeg event in the crypto market. </p><p>Curve’s 3pool showed USDT balances of over $315 million while DAI and USDC balances slipped below $50 million as traders seemingly dumped their Tether. A similar pattern was observed last summer during Terra’s meteoric collapse and again when Sam Bankman-Fried’s FTX crypto exchange ran into bankruptcy.</p><figure class="wp-block-image size-full"><img width="885" height="817" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield.png" alt="Tether (USDT) Depegs Amid Curve 3pool Imbalance, “Let Them Come,” CTO Says 14" class="wp-image-582725" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield.png 885w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield-300x277.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield-770x711.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield-269x248.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDT-on-Curves-3pool-Image-Peckshield-746x689.png 746w" sizes="(max-width: 885px) 100vw, 885px" title="Tether (USDT) Depegs Amid Curve 3pool Imbalance, “Let Them Come,” CTO Says 27"><figcaption><strong><a href="https://twitter.com/PeckShieldAlert/status/1669270373811245057?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/PeckShieldAlert/status/1669270373811245057?s=20" rel="noreferrer noopener nofollow">USDT on Curve&#8217;s 3pool Image &#8211; Peckshield</a></strong></figcaption></figure><p>At press time, USDT&#8217;s depeg had recovered back to $0.9975. USDT’s market cap was above $83 billion on Thursday, by far the largest stablecoin market cap in crypto per CMC data.</p><h2>Tether’s CTO &#8211; Let Them Come </h2><p>Following the news, <a href="https://en.ethereumworldnews.com/tether-btc-mining-in-uruguay/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/tether-btc-mining-in-uruguay/" rel="noreferrer noopener">Tether</a> CTO Paolo Ardoino tweeted that the digital payment giant is ready to redeem any amount amid concerns about the stablecoin’s market health. </p><blockquote class="wp-block-quote"><p>Markets are edgy in these days, so it&#8217;s easy for attackers to capitalize on this general sentiment. But at Tether we&#8217;re ready as always. Let them come. We&#8217;re ready to redeem any amount.</p></blockquote>]]></description><link>https://m.coinsnews.com/tether-usdt-depegs-amid-curve-3pool-imbalance-let-them-come-cto-says</link><guid>589615</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/08/Tethers-USDT-8.5-Billion-Commerical-Paper-Holdings-Validated-By-BDO-Audit.jpg</dc:content ><dc:text>Tether (USDT) Depegs Amid Curve 3pool Imbalance, “Let Them Come,” CTO Says</dc:text></item><item><title>Atomic Wallet Attackers Funnel Part Of $35 Million Loot Through Sanctioned Garantex Exchange￼</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Atomic Wallet" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1024x684.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1536x1026.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-2048x1368.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-269x180.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1376x919.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Atomic Wallet Attackers Funnel Part Of $35 Million Loot Through Sanctioned Garantex Exchange￼ 25"><p>Summary: </p><ul><li>The hackers suspected to be North Korea’s Lazarus group moved stolen funds from Atomic Wallet through Garantex, Elliptic reported.</li><li>Atomic Wallet was hacked of several cryptos including BTC, ETH, USDT, DOGE, LTC, BNB, and MATIC to the tune of $35 million.</li><li>Lazarus hackers swapped a portion of the stolen funds to BTC using 1inch and Garantex before laundering the assets through crypto tumbler Sinbad.</li></ul><p>The hackers behind this month’s $35 million attack on crypto wallet Atomic Wallet <a href="https://twitter.com/elliptic/status/1668357982248206339?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/elliptic/status/1668357982248206339?s=20" rel="noreferrer noopener nofollow">moved</a> some of the stolen funds to Garantex, a crypto exchange sanctioned by the Office of Foreign Assets Control (OFAC).</p><h2>Atomic Wallet Hacked, $35 Million In Bitcoin And Cryptos Stolen</h2><p>On June 3, hackers believed to be part of the notorious North Korean cyberterrorist group Lazarus stole several crypto assets from Atomic Wallet. The stolen assets including Bitcoin (BTC), Ether (ETH), Tether (USDT), BNB, Dogecoin (DOGE), Litecoin (LTC), and Polygon (MATIC) were worth around $35 million.</p><p>The wallet provider said the attack affected less than 1% of its monthly active users and investigations were ongoing to identify the exploit vector. </p><p>Lazarus hackers leveraged decentralized trading service 1inch before sending the stolen assets to OFAC-sanctioned Garantex. The exchange which still operates today was blacklisted by the OFAC for its loose anti-money laundering systems in 2022.</p><p>According to Elliptic researchers, the hackers used Garantex to swap the funds for BTC and then sent the assets to crypto tumbler Sinbad for laundering. The hackers were forced to take this route after <a href="https://en.ethereumworldnews.com/bitrue-hackers-steal-23-million-eth/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bitrue-hackers-steal-23-million-eth/" rel="noreferrer noopener">crypto exchanges</a> froze addresses tied to the Atomic Wallet hack thanks to a “cross-community effort”.</p><h2>Atomic Wallet Exploiter Locks ETH In Non-Withdrawable Contracts</h2><p>In a bizarre move, the Atomic Wallet exploiter created 0x/null contracts and deposited ETH worth around $40,000 at current prices. The reason behind the move is unclear as it is impossible to withdraw funds from these 0x/null smart contracts. Coinbase Director Conor Grogan <a href="https://twitter.com/jconorgrogan/status/1668602352155209733?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/jconorgrogan/status/1668602352155209733?s=20" rel="noreferrer noopener nofollow">tracked</a> the activity and alerted the crypto Twitter community on Tuesday. </p>]]></description><link>https://m.coinsnews.com/atomic-wallet-attackers-funnel-part-of-35-million-loot-through-sanctioned-garantex-exchange</link><guid>589061</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg</dc:content ><dc:text>Atomic Wallet Attackers Funnel Part Of $35 Million Loot Through Sanctioned Garantex Exchange￼</dc:text></item><item><title>SEC Shakedown Pushes eToro To Delist ALGO, MANA, DASH, And MATIC</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Shakedown Pushes eToro To Delist ALGO, MANA, DASH, And MATIC 24"><p>Summary: </p><ul><li>The investment provider will delist four cryptocurrencies for U.S. customers in response to the SEC’s lawsuits against Binance and Coinbase.</li><li>Customers will not have the option to open new ALGO, MANA, DASH, and MATIC positions from July 12.</li><li>Users can still hold and sell their positions until further notice.</li><li>eToro cited “recent developments&#8221; as the reason following securities claims in filing against the two major cryptocurrency exchanges.&amp; </li></ul><p>The U.S. Securities and Exchange Commission enforcement actions against crypto exchanges Binance and Coinbase continue to reverberate throughout the industry as investment platform eToro <a href="https://twitter.com/eToroUS/status/1668323758199955456?s=20" data-type="URL" data-id="https://twitter.com/eToroUS/status/1668323758199955456?s=20" target="_blank" rel="noreferrer noopener nofollow">plans to delist four digital assets</a> that are allegedly unregistered securities. </p><p>eToro is a cryptocurrency exchange and an online brokerage platform with a limited range of equities and exchange-traded funds (ETFs) that allows users to trade 30+ cryptocurrencies.&amp; </p><h2>eToro And Robinhood Move Quick After SEC Lawsuits</h2><p>On Monday, eToro told users that it will delist four cryptocurrencies &#8211; Algorand&#8217;s ALGO, Decentraland&#8217;s MANA, Dash (DASH), and Polygon (MATIC). The change in eToro&#8217;s crypto offering will only affect U.S. customers and will take effect from July 12. </p><p>eToro will allow its U.S. customers to hold and sell their positions in these four tokens post-July 12 but users cannot open new positions, per Monday&#8217;s announcement. The platform cited “recent developments&#8221; as the reason following the SEC&#8217;s litigation against two major crypto exchanges &#8211; Binance and Coinbase.</p><p>The decision from eToro follows Robinhood&#8217;s move to <a href="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" rel="noreferrer noopener">delist three tokens also classified as securities</a> &#8211; Solana&#8217;s SOL, Cardano&#8217;s ADA, and Polygon&#8217;s MATIC. </p><h2>Altcoins In Hot Water</h2><p>Prices across the crypto ecosystem slumped last week after the SEC unleashed allegations against <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">Binance and Coinbase</a> claiming that both platforms broke U.S. laws. Binance CEO Changpeng Zhao was also <a href="https://en.ethereumworldnews.com/binance-changpeng-zhao-summoned-dc-court/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-changpeng-zhao-summoned-dc-court/" rel="noreferrer noopener">included</a> in the watchdog&#8217;s lawsuit for supposedly commingling funds into a private entity identified as Merit Peak. </p><p>The altcoins listed by Gary Gensler&#8217;s watchdog boast a combined market cap of over $100 billion, creating further uncertainty about the future of these tokens in the U.S.</p><p>Notably, crypto proponents are pushing back against the commission&#8217;s claims and insisting that the regulator has failed in its duty to provide clear guidance for the nascent industry. </p>]]></description><link>https://m.coinsnews.com/sec-shakedown-pushes-etoro-to-delist-algo-mana-dash-and-matic</link><guid>589062</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/SEC-Shakedown-Pushes-eToro-To-Delist-ALGO-MANA-DASH-And-MATIC-770x404.jpg</dc:content ><dc:text>SEC Shakedown Pushes eToro To Delist ALGO, MANA, DASH, And MATIC</dc:text></item><item><title>Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SOL" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities 25"><p>Summary:</p><ul><li>The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token.</li><li>Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday.</li><li>SOL, ADA, and MATIC market values initially dropped after the SEC sued Binance and Coinbase for violating U.S. securities laws.</li></ul><p>Crypto Foundation to the SEC’s claim that tokens Solana’s SOL, Cardano’s ADA, and Polygon’s MATIC are Securities, saying that they are in fact not securities at all. </p><p>Following the SEC&#8217;s lawsuit against crypto exchanges Binance and Coinbase for offering unregistered securities trading to American investors, the market prices of these tokens slumped amid a broader decline in the crypto market last week. </p><p>Crypto and Equities trading provider Robinhood <a href="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/robinhood-delist-ada-matic-sol-sec/" rel="noreferrer noopener">delisted</a> SOL, ADA, and MATIC after the U.S. financial watchdog classified the tokens as securities, shaking investor confidence in these assets. </p><p>Market makers and institutional investors like Jump Trading and Cumberland transferred millions of dollars in Polygon&#8217;s MATIC to trading venues, further prompting fears of a sell-off that triggered a further price drop.</p><p>These tokens have since recovered slightly in price along with crypto asset values as proponents and development foundations push back against the SEC&#8217;s war on crypto. </p><h2>SOL, ADA, AND MATIC Are Not Securities, Foundations Fight Back</h2><p>On June 11, MATIC developer Polygon Labs refuted the SEC&#8217;s claims without directly addressing the watchdog. &#8220;developed outside the US, deployed outside the US&#8221;, the startup said concerning MATIC in a bid to debunk allegations that the token is a security. MATIC was up 3% at press time and traded around $0.63 on markets. </p><figure class="wp-block-image size-large"><img width="1024" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-1024x400.png" alt="Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities 9" class="wp-image-582712" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-1024x400.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-300x117.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-770x301.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-269x105.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32-746x292.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MATICUSDT_2023-06-12_17-05-32.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities 24"><figcaption><strong><a href="https://www.tradingview.com/symbols/MATICUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/MATICUSDT/" rel="noreferrer noopener">MATIC/USDT by TradingView</a></strong></figcaption></figure><p>The Solana Foundation &#8220;disagrees with the characterization of SOL as a security&#8221;, a thread <a href="https://twitter.com/SolanaFndn/status/1667578529612017666?s=20" data-type="URL" data-id="https://twitter.com/SolanaFndn/status/1667578529612017666?s=20" target="_blank" rel="noreferrer noopener nofollow">published</a> on June 10 reads. In addition, the SOL Foundation does not expect the SEC&#8217;s claims will disrupt developer activity. The Foundation also called on U.S. policymakers to focus clearer rules for the benefit of investors and providers alike. The coin was down 1.02% on Monday, per CMC data.</p><p>&#8220;Under no circumstances was ADA a security,&#8221; said Cardano developer IOG on June 9. IOD added that the SEC&#8217;s claims were riddled with inaccuracies. ADA exchanged hands for $0.27, up over 4% over a 24-hour period, TradingView data showed.</p><p>SOL, ADA, and MATIC are three tokens in a basket of cryptos classified as securities by the U.S. SEC in lawsuits against Binance and Coinbase. Aside from the price dip that followed the news of the suits and delisting on Robinhood, it&#8217;s yet unclear the ramifications of the SEC&#8217;s claims that certain cryptocurrencies are securities and must be registered with the commission. </p>]]></description><link>https://m.coinsnews.com/crypto-foundations-refute-sec-claims-that-sol-ada-and-matic-are-securities</link><guid>588906</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Crypto-Foundations-Refute-SEC-Claims-That-SOL-ADA-and-MATIC-Are-Securities-770x433.jpg</dc:content ><dc:text>Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities</dc:text></item><item><title>Staked ETH On Steady Course To Surpass Exchange Balances</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="ETH" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains.jpeg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Staked ETH On Steady Course To Surpass Exchange Balances 27"><p>Summary: </p><ul><li>Data from Blockchain Intelligence startup Nansen shows a steady increase in the number of staked ETH.</li><li>So far, users and entities have locked over 22 million coins which amount to about 18% of the token’s supply.</li><li>At the same time, balances in crypto exchanges are declining and now sit below 30 million tokens. </li><li>Analysts say the Shapella upgrade eliminated concerns around withdrawals and triggered a boom in locked tokens since stakers can earn rewards as opposed to just holding their coins.</li></ul><p>The number of staked ETH continues to increase following the release of Shapella which enabled withdrawals for locked coins on Ethereum’s Beacon chain.</p><p>Following the Merge &#8211; Ethereum’s massive technological transition from proof-of-work to proof-of-stake &#8211; proponents were concerned about withdrawal functionality and possible selling pressure on the market.</p><p>Both concerns were rendered non-events, said Nansen’s Martin Lee as Shapella galvanized users and entities alike to stake more tokens. </p><p>At press time, the number of staked coins crossed 22 million tokens. This amounts to around 18% of the available supply. The Merge also <a href="https://en.ethereumworldnews.com/ether-daily-issuance-dips-ethereum-merge/" data-type="URL" data-id="https://en.ethereumworldnews.com/ether-daily-issuance-dips-ethereum-merge/" target="_blank" rel="noreferrer noopener">slashed emissions</a> meaning that fewer tokens are released per block as <a href="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" data-type="URL" data-id="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" target="_blank" rel="noreferrer noopener">rewards</a>, taking ETH into a deflationary state.</p><h2>ETH On Exchanges </h2><p>At the time when staked tokens continue on the upswing, token balances on crypto exchanges have steadily declined. Balances in crypto exchanges have dropped below 30 million, per Nansen data.</p><p>One reason for this could be that entities are more likely to stake their token now that withdrawals are enabled rather than simply hodl the asset. </p><p>Analysts opine that the staking incentive is greater now since withdrawals are possible and stakers can earn yield or rewards for locking their tokens. In contrast, holding the token on crypto exchanges earns no yield.</p><figure class="wp-block-image size-large"><img width="1024" height="312" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-1024x312.png" alt="Staked ETH On Steady Course To Surpass Exchange Balances 8" class="wp-image-582707" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-1024x312.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-300x92.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-770x235.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-269x82.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot-746x228.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/newplot.png 1318w" sizes="(max-width: 1024px) 100vw, 1024px" title="Staked ETH On Steady Course To Surpass Exchange Balances 25"><figcaption><strong><a href="https://query.nansen.ai/public/dashboards/N66fdNAA5IucdnVchQGH4hQlEqAPfdpYUYHYYJ4N?org_slug=default" target="_blank" data-type="URL" data-id="https://query.nansen.ai/public/dashboards/N66fdNAA5IucdnVchQGH4hQlEqAPfdpYUYHYYJ4N?org_slug=default" rel="noreferrer noopener nofollow">ETH on Exchanges VS Locked for Staking by Nansen</a></strong></figcaption></figure><p>Following lawsuits from the U.S. Securities and Exchange Commission against Binance and Coinbase, crypto prices fell across the board. Traders were able to scoop up tokens around $1,740 a pop during trading hours on Monday. </p><figure class="wp-block-image size-large"><img width="1024" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-1024x400.png" alt="Staked ETH On Steady Course To Surpass Exchange Balances 9" class="wp-image-582709" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-1024x400.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-300x117.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-770x301.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-269x105.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43-746x292.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-12_14-18-43.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Staked ETH On Steady Course To Surpass Exchange Balances 26"><figcaption><strong><a href="https://www.tradingview.com/symbols/ETHUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/ETHUSDT/" rel="noreferrer noopener">ETH/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/staked-eth-on-steady-course-to-surpass-exchange-balances</link><guid>588874</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg</dc:content ><dc:text>Staked ETH On Steady Course To Surpass Exchange Balances</dc:text></item><item><title>Andreessen Horowitz (A16z) Opens First Office Outside The US In London</title><description><![CDATA[<img width="770" height="415" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-770x415.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="A16z" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-770x415.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-300x162.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-1024x551.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-500x269.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-269x145.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-746x402.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London.jpg 1170w" sizes="(max-width: 770px) 100vw, 770px" title="Andreessen Horowitz (A16z) Opens First Office Outside The US In London 27"><p>Summary: </p><ul><li>Venture Capital behemoth Andreessen Horowitz announced its first office outside the U.S. set to open later this year.</li><li>The A16z office led by General Partner, Sriram Krishnan will be stationed in London as a strategic investment point for growing the UK’s web3 ecosystem.</li><li>Prime Minister Rishi Sunak praised the move as the nation looks to develop into a global hub for blockchain innovation and Web3 businesses.</li></ul><p>Andreessen Horowitz (A16z) <a href="https://a16zcrypto.com/posts/announcement/expanding-uk-andreessen-horowitz/" data-type="URL" data-id="https://a16zcrypto.com/posts/announcement/expanding-uk-andreessen-horowitz/" target="_blank" rel="noreferrer noopener nofollow">announced</a> a London office scheduled to open later in the year amid growing crypto regulatory uncertainty in the U.S.</p><p>The London office is A16z&#8217;s first office outside the U.S. and will be led by general partner Sriram Krishnan. According to the venture capital heavyweight, London serves as an aqueduct for funding and growing the UK’s burgeoning Web3 ecosystem.</p><p>A16z also noted the UK’s efforts towards introducing clear rules for crypto and bringing Web3 innovation under the purview of financial regulatory oversight. </p><p>“We believe that the UK is on the right path to becoming a leader in crypto regulation,” A16z said, adding that there is still work to be done to achieve this vision. </p><blockquote class="wp-block-quote"><p>The UK also has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture. It is home to more “unicorns” than Germany, France, and Sweden combined; to some of the world’s largest financial markets and pools of capital; and to highly-sophisticated, world-class regulators. All of these make the UK strongly positioned to lead in web3.</p></blockquote><p>The Venture Capital giant already opened its pockets to UK Web3 projects, recently leading a $43 million Series A for Gensyn. Gensyn provides computing power for artificial intelligence (AI) projects by harnessing blockchain technology.</p><p>Notably, A16z’s expansion to the UK does not mean the company plans to abandon the U.S. Instead the venture capitalist plans to explore other markets while lobbying for clearer crypto rules in the U.S.</p><h2>Be Welcome A16z, Prime Minister Sunak Praises UK Expansion</h2><p>Prime Minister Rishi Sunak hailed the move as a step toward growing the UK into a global Web3 innovation hub. </p><p>Last year, PM Sunak <a href="https://en.ethereumworldnews.com/rishi-sunak-appointed-as-uk-pm-could-be-the-next-step-towards-uk-becoming-the-crypto-hub/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/rishi-sunak-appointed-as-uk-pm-could-be-the-next-step-towards-uk-becoming-the-crypto-hub/" rel="noreferrer noopener">pushed</a> for crypto regulations in a bid to position the UK as a leader in blockchain and crypto development. Policymakers in the UK have since <a href="https://en.ethereumworldnews.com/uk-fca-unveils-stricter-rules-for-crypto/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/uk-fca-unveils-stricter-rules-for-crypto/" rel="noreferrer noopener">reviewed advertising rules</a> and licensing regimes to protect investors without stifling growth within the local Web3 economy. </p><blockquote class="wp-block-quote"><p>We must embrace new innovations like Web3, powered by blockchain technology, which will enable start-ups to flourish here and grow the economy.</p></blockquote>]]></description><link>https://m.coinsnews.com/andreessen-horowitz-a16z-opens-first-office-outside-the-us-in-london</link><guid>588840</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Andreessen-Horowitz-A16z-Opens-First-Office-Outside-The-US-In-London-770x415.jpg</dc:content ><dc:text>Andreessen Horowitz (A16z) Opens First Office Outside The US In London</dc:text></item><item><title>FTX Judge Says Identity Of Customers Will Remain Undisclosed</title><description><![CDATA[<img width="700" height="394" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Judge Says Identity Of Customers Will Remain Undisclosed 9" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090-269x151.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="FTX Judge Says Identity Of Customers Will Remain Undisclosed 27"><ul><li>The judge overseeing the bankruptcy case of FTX has ruled that the identity of the creditors should remain undisclosed.&amp; </li><li>The bankruptcy estate persuaded the judge to not disclose creditors’ identities in the interest of their security.&amp; </li><li>The firm in charge of selling the exchange’s assets told the court that revealing identities would hurt the sales process.&amp; </li></ul><p>The judge overseeing the bankruptcy proceedings of <a href="https://en.ethereumworldnews.com/judge-extends-genesis-mediation-period/">FTX </a>has ruled that the identity of the defunct crypto exchange’s customers will remain undisclosed. The ruling addressed the repeated demands by leading media houses, including Bloomberg and the Financial Times to get the names of the exchange’s customers out to the public, arguing that they had a legitimate and compelling interest in knowing the names of those affected by the exchange’s collapse. </p><h2><strong>Revealing FTX Customers&#8217; Names May Hurt Asset Sales Process</strong></h2><p>According to a report by <a href="https://www.reuters.com/legal/ftx-customer-names-will-not-be-revealed-by-bankruptcy-court-2023-06-09/" rel="nofollow noopener">Reuters</a>, U.S Bankruptcy Judge John Dorsey has granted FTX’s request to permanently redact the names of individual customers from its bankruptcy filings. During the hearing, lawyers representing the exchange argued that publishing the names of customers would jeopardize them by exposing them to potential identity theft, among other risks. The latest ruling came six months after the bankruptcy judge initially allowed FTX to keep the names of its 9 million customers hidden. </p><blockquote class="wp-block-quote"><p>&#8220;It is the customers who are the most important issue in this case. We want to make sure that they are protected and they don&#8217;t fall victim to any types of scams.&#8221; </p><cite>U.S Bankruptcy Judge John Dorsey</cite></blockquote><p>Judge Dorsey also allowed FTX to hide the names of companies and institutional investors temporarily. However, the exchange would have to make a new request after 90 days in order to keep those names undisclosed. Perella Weinberg Partners, the investment bank hired to sell the bankrupt crypto exchange’s remaining assets, told the judge that disclosing customers’ names would hurt the sales process. “My belief is that disclosure of the names, regardless of who disclosed them, would degrade value,” said Kevin Cofsky, a partner at Perella Weinberg.</p>]]></description><link>https://m.coinsnews.com/ftx-judge-says-identity-of-customers-will-remain-undisclosed</link><guid>588393</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ftx-reuters-1163445-1668742536-1164282-1669000354-1166622-1669682090.jpg</dc:content ><dc:text>FTX Judge Says Identity Of Customers Will Remain Undisclosed</dc:text></item><item><title>OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000</title><description><![CDATA[<img width="770" height="405" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-770x405.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-770x405.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-1024x539.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-269x142.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-746x393.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1.jpg 1140w" sizes="(max-width: 770px) 100vw, 770px" title="OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000 27"><ul><li>The CFTC has won a lawsuit against OokiDAO through a default judgment in its favor.</li><li>The regulator’s victory sets a critical precedent for DeFi that DAOs could be held liable for violations as a person.&amp; </li><li>OokiDAO has been ordered to pay a penalty of $643,542 and cease all operations.&amp; </li></ul><p>In a major blow to the decentralized finance space, OokiDAO has lost the lawsuit filed against it by the U.S. Commodities and Futures Trading Commission (<a href="https://en.ethereumworldnews.com/cftc-official-settlement-binance-lawsuit/">CFTC</a>). A federal judge handed the victory to the CFTC by entering a default judgment against the decentralized autonomous organization after it failed to respond to the commodities regulator’s enforcement action. </p><h2><strong>OokiDAO’s Loss Set A Critical Precedent For Lawsuits Against DAOs</strong></h2><p>According to a <a href="https://www.cftc.gov/PressRoom/PressReleases/8715-23" rel="nofollow noopener">press release</a> by the CFTC earlier today, the Commission’s victory in the lawsuit set a critical precedent for decentralized autonomous organizations that attempt to evade liability and regulatory scrutiny for their actions. The ruling by U.S. District Judge William H. Orrick paved the way for DAOs to be held liable for legal violations as a &#8220;person&#8221; under the Commodity Exchange Act. The judgment will likely be cited in future lawsuits against decentralized entities. </p><blockquote class="wp-block-quote"><p>This decision should serve as a wake-up call to anyone who believes they can circumvent the law by adopting a DAO structure, intending to insulate themselves from law enforcement and ultimately putting the public at risk.” </p><cite>Ian McGinley, Director of CFTC’s Division of Enforcement</cite></blockquote><p>Judge Orrick has ordered OokiDAO to pay a monetary penalty of $643,542 and immediately suspend all operations and shut down its website. The DeFi exchange has also been banned from conducting business with any CFTC-registered entity. The CFTC sued OokiDAO in September last year for operating an illegal trading platform and unlawfully acting as a futures commission merchant. The regulator’s complaint accused the DeFi exchange of offering leveraged and margined commodities transactions without ensuring compliance with KYC rules.&amp; </p>]]></description><link>https://m.coinsnews.com/ookidao-loses-lawsuit-filed-by-cftc-ordered-to-pay-643000</link><guid>588360</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ooki-plaform-logo-1140x600-1-770x405.jpg</dc:content ><dc:text>OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000</dc:text></item><item><title>U.S. DOJ Charges Two Russians For Hacking Mt Gox</title><description><![CDATA[<img width="565" height="266" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox.png" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. DOJ Charges Two Russians For Hacking Mt Gox 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox.png 565w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox-300x141.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox-500x235.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox-269x127.png 269w" sizes="(max-width: 565px) 100vw, 565px" title="U.S. DOJ Charges Two Russians For Hacking Mt Gox 26"><ul><li>The U.S. Department of Justice has charged two Russian nationals for hacking Mt Gox and laundering the stolen crypto.&amp; </li><li>The two Russians have been accused of stealing some 647,000 BTC between 2011 and 2014.&amp; </li><li>The Russians are facing two charges, conspiracy to commit money laundering and operating an unlicensed money service business.&amp; </li><li>If convicted, the defendants could be sentenced to a combined penalty of 45 years in prison.</li></ul><p>The U.S. Department of Justice’s Criminal Division, along with the Southern District of New York and the Northern District of California, has filed charges against two Russian nationals in connection with the hacking of Mt Gox and the subsequent theft of BTC from the exchange. Charges against Alexey Bilyuchenko and Aleksandr Verner were unsealed earlier today. </p><h2><strong>Mt Gox Hackers Face Over 25 Years In Prison</strong></h2><p>According to a <a href="https://www.justice.gov/usao-sdny/pr/russian-nationals-charged-hacking-one-cryptocurrency-exchange-and-illicitly-operating" rel="nofollow noopener">press release</a> from the U.S. Attorney’s Office for the Southern District of New York, the case against the two Russian nationals has been divided into two, namely, the SDNY case and the NDCA case. As per the allegations in the indictment unsealed in the Southern District of New York, the two Russians and their accomplices gained unauthorized access to Mt Gox’s servers in 2011. This was followed by fraudulent transactions where BTC was transferred to wallets controlled by Verner and Bilyuchenko. </p><p>The illegal transfers took place between September 2011 and May 2014, during which the Russians along with their accomplices, transferred at least 647,000 BTC out of Mt Gox. As per today’s rates, the stolen BTC would be valued at $17 billion. The Russians managed to launder more than 300,000 BTC through a New York-based <a href="https://en.ethereumworldnews.com/bitcoin-nfts-added-to-binance-marketplace/">Bitcoin</a> Broker. As per the allegations in the indictment unsealed in the Northern District of California, Bilyuchenko worked with Alexander Vinnik and other accomplices to run an illegal Bitcoin exchange between 2011 and 2017. </p><blockquote class="wp-block-quote"><p>These indictments highlight the department’s unwavering commitment to bring to justice bad actors in the cryptocurrency ecosystem and prevent the abuse of the financial system.” </p><cite>Assistant Attorney General Kenneth A. Polite, Jr.</cite></blockquote><p>In the SDNY case, both Russian nationals have been charged with conspiracy to commit money laundering. If convicted, they face a maximum penalty of 20 years in prison. The NDCA charged Bilyuchenko with conspiracy to commit money laundering and operating an unlicensed money services business, which carries a maximum penalty of 25 years in prison.</p>]]></description><link>https://m.coinsnews.com/us-doj-charges-two-russians-for-hacking-mt-gox</link><guid>588361</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MtGox.png</dc:content ><dc:text>U.S. DOJ Charges Two Russians For Hacking Mt Gox</dc:text></item><item><title>Robinhood To Delist ADA, MATIC &amp; SOL Following SEC’s Crackdown</title><description><![CDATA[<img width="770" height="473" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-770x473.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Robinhood To Delist ADA, MATIC &amp; SOL Following SEC’s Crackdown 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-770x473.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-300x184.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-1024x629.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-1536x944.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-2048x1258.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-500x307.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-269x165.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-746x458.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-1376x846.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Robinhood To Delist ADA, MATIC &amp; SOL Following SEC’s Crackdown 24"><ul><li>Robinhood has announced that it will delist three crypto tokens named in the SEC’s recent lawsuits against crypto exchanges.&amp; </li><li>After June 27, users will not be able to trade Cardano (ADA), Polygon (MATIC), and Solana (SOL) on the trading platform.&amp; </li><li>Robinhood took the decision after reviewing its crypto offerings in light of recent developments in the market.&amp; </li><li>Cardano founder Charles Hoskinson criticized US regulators for creating an environment of fear.&amp; </li></ul><p>Robinhood Markets Inc. has decided to delist three crypto tokens from its online trading platform in light of recent developments in the crypto market. The tokens, Cardano (ADA), Polygon (MATIC), and Solana (SOL), were named in the lawsuits filed by the Securities and Exchange Commission (<a href="https://en.ethereumworldnews.com/gary-gensler-crypto-firms-flouting-rules/">SEC</a>) against Binance and Coinbase earlier this week. All three tokens were described as securities in the complaints. </p><h2><strong>Robinhood Will Delist The Tokens on June 27</strong></h2><p>According to a <a href="https://robinhood.com/us/en/support/articles/cardano-polygon-solana-update/?irclickid=Xm0VJJ0DHxyPTb52F0Qo3RxnUkF0tBVsZ2m52g0&amp;irgwc=1&amp;utm_source=impact&amp;utm_campaign=10078&amp;utm_content=Skimbit%20Ltd.&amp;utm_term=1375188" rel="nofollow noopener">blog post</a> by Robinhood, the decision to end support for ADA, MATIC, and SOL was taken after conducting a review of the platform’s crypto offerings. The tokens will be removed from the online trading platform on June 27, 2023, at 6:59 PM ET. The discount brokerage assured its customers that the extent of the delisting was limited to just those three tokens. </p><p>In the meantime, the platform’s customers will be allowed to buy, sell and hold ADA, MATIC, and SOL. Following the June 27 deadline, all ADA, MATIC, and SOL will be sold at market value. The proceeds will be transferred to the customers’ wallets. Earlier this week, Robinhood’s Chief Legal Compliance testified before the U.S. House Committee for Agriculture where he revealed that when the firm attempted to register itself with the SEC as a special purpose broker-dealer, they were met with unhelpful conduct. </p><blockquote class="wp-block-quote"><p>The legislative branch needs to lead by passing commonsense, consumer-oriented legislation to restore clarity and integrity to the US crypto markets.” </p><cite>Charles Hoskinson, founder of Cardano </cite></blockquote><p>Commenting on Robinhood’s decision to delist ADA, Cardano founder Charles Hoskinson told Fox Business that the blame goes to the country’s regulators for creating an environment of fear where there is a lack of clarity and contradictory guidance instead of collaboration with rule makers. According to Hoskinson, entities will leave markets if regulators continue their hostile stance towards crypto.&amp; </p><p></p>]]></description><link>https://m.coinsnews.com/robinhood-to-delist-ada-matic-sol-following-secs-crackdown</link><guid>588267</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/7BKNBHF5YNKKXFYER3CKLRUUS4-770x473.jpg</dc:content ><dc:text>Robinhood To Delist ADA, MATIC &amp; SOL Following SEC’s Crackdown</dc:text></item><item><title>Binance US’ Banking Partners To Suspend USD Withdrawals By June 13</title><description><![CDATA[<img width="770" height="485" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance US&#039; Banking Partners To Suspend USD Withdrawals By June 13 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-300x189.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-1024x645.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-500x315.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-269x169.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-746x470.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c.png 1128w" sizes="(max-width: 770px) 100vw, 770px" title="Binance US&#039; Banking Partners To Suspend USD Withdrawals By June 13 24"><ul><li>Binance US has announced that its banking partners plan to suspend USD withdrawal channels as soon as June 13, 2023.&amp; </li><li>The crypto exchange will suspend USD deposits today and will delist USD pairs next week.&amp; </li><li>Binance US is encouraging its customers to take “appropriate actions” with their USD.&amp; </li><li>The exchange has assured that it will maintain 1:1 reserves for all customer assets.&amp; </li></ul><p>Binance US is suspending USD deposits on its trading platform effective immediately. The crypto exchange has revealed that its banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. The American arm of the world’s largest crypto exchange blamed the deposit and withdrawal suspension on the enforcement action initiated by the U.S. Securities and Exchange Commission.&amp; </p><h2><strong>Binance US Blames SEC’s Extremely Aggressive and Intimidating Tactics</strong></h2><p>Binance US took to <a href="https://twitter.com/BinanceUS/status/1666996908651323393" rel="nofollow noopener">Twitter</a> a little while ago to inform its customers about the latest developments regarding its online trading platform. The exchange accused the SEC of using extremely aggressive and intimidating tactics in pursuit of its “ideological campaign against the American digital asset industry.”. According to the crypto giant’s American arm, the legal troubles and complications stemming from the securities regulator’s actions have led to challenges with the banks that the exchange works with. </p><p>The crypto exchange stated that in the interest of consumer protection, it will suspend USD deposits today and transition to a “crypto-only” exchange. All customers are being encouraged to withdraw their fiat assets from the American exchange before June 13, 2023. The exchange warned that due to elevated volumes and weekend bank closures, the withdrawal process may take longer than usual. </p><figure class="wp-block-image size-full is-resized"><img src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C.png" alt="Binance US&#039; Banking Partners To Suspend USD Withdrawals By June 13 13" class="wp-image-582684" width="737" height="737" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C.png 900w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyJcxmwXgAQO_8C-746x746.png 746w" sizes="(max-width: 737px) 100vw, 737px" title="Binance US&#039; Banking Partners To Suspend USD Withdrawals By June 13 23"></figure><blockquote class="wp-block-quote"><p>While we remain open to a productive compromise that enables a thriving digital asset marketplace in America, Binance.US will continue to vigorously defend ourselves, our customers, and industry against the meritless attacks of the SEC.”</p><cite>Binance US</cite></blockquote><p><a href="https://en.ethereumworldnews.com/binance-changpeng-zhao-summoned-dc-court/">Binance</a> US will start delisting USD trading pairs, including BTC/USD starting next week. Any USD balance remaining on the platform after June 13, 2023, will likely be converted to stablecoins. The crypto exchange has assured its customers that it will maintain 1:1 reserves for all customer assets. </p>]]></description><link>https://m.coinsnews.com/binance-us-banking-partners-to-suspend-usd-withdrawals-by-june-13</link><guid>588111</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png</dc:content ><dc:text>Binance US’ Banking Partners To Suspend USD Withdrawals By June 13</dc:text></item><item><title>Crypto Custodian BitGo Set To Acquire Rival Prime Trust</title><description><![CDATA[<img width="311" height="162" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Custodian BitGo Set To Acquire Rival Prime Trust 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1.png 311w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-300x156.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1-269x140.png 269w" sizes="(max-width: 311px) 100vw, 311px" title="Crypto Custodian BitGo Set To Acquire Rival Prime Trust 22"><ul><li>Crypto custodian BitGo has reached a preliminary agreement to acquire rival firm Prime Trust.&amp; </li><li>The deal, whose terms remain undisclosed, is subject to regulatory approval.&amp; </li><li>Prime Trust’s Nevada Trust Company will join BitGo’s existing global network of regulated trust companies in multiple jurisdictions.&amp; </li><li>If approved, the deal would see Prime Trust’s infrastructure map over 1:1 with the crypto custodian’s services.&amp; </li></ul><p>Leading crypto custodian BitGo has reached a preliminary agreement to acquire rival firm Prime Trust. News of Prime Trust’s acquisition comes amid widespread rumors in the crypto community about the Nevada-based crypto custodian’s bankruptcy. Prime Trust began catering to crypto firms in 2018 and raised $107 million in a Series B funding round held in June 2022. The funding round saw participation from Kraken Ventures, Fin Capital, FIS, and Mercato Partners.&amp; </p><h2><strong>BitGo’s Deal To Acquire Prime Trust Subject To Regulatory Approval </strong></h2><p>According to a report by <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-08-2023/card/bitgo-to-acquire-rival-crypto-custodian-prime-trust-nMwFSQPq6gbKL9Ix6eZY" rel="noopener">WSJ</a>, BitGo signed a letter of intent to acquire Prime Trust earlier today. The crypto <a href="https://en.ethereumworldnews.com/coinbase-sings-licensing-deal-bitpanda/">custody</a> firm signed a term sheet to acquire Prime Trust’s parent firm,<em> </em>Prime Core Technologies Inc. This acquisition made BitGo the first global digital asset company to provide a full suite of solutions for institutions and fintech platforms. The deal is subject to regulatory approval. </p><blockquote class="wp-block-quote"><p>No other company will have the breadth of product and services nor depth of experience that this combined company would have. We are excited to offer our world-class infrastructure within a broader ecosystem and revolutionize the future of crypto.” </p><cite>Jor Law, Prime Trust’s Interim CEO, and President</cite></blockquote><p>BitGo, which is backed by the likes of Goldman Sachs, Digital Currency Group, DRW, and Galaxy Digital Ventures, processes approximately 20% of all global Bitcoin transactions by value and caters to over 1500 institutional clients around the world. As per the acquisition deal, Prime Trust’s Nevada Trust Company will join BitGo’s existing global network of regulated trust companies in multiple jurisdictions, including Germany and Switzerland. The deal would also see Prime Trust’s infrastructure map over 1:1 with BitGo’s services.&amp; </p>]]></description><link>https://m.coinsnews.com/crypto-custodian-bitgo-set-to-acquire-rival-prime-trust</link><guid>588112</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-1.png</dc:content ><dc:text>Crypto Custodian BitGo Set To Acquire Rival Prime Trust</dc:text></item><item><title>SEC Chair Gary Gensler Accuses Crypto Firms Of Willingly Flouting Rules</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-770x578.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Chair Gary Gensler Accuses Crypto Firms Of Willingly Flouting Rules 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-770x578.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-1024x769.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-746x560.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290.jpg 1279w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Chair Gary Gensler Accuses Crypto Firms Of Willingly Flouting Rules 24"><ul><li>SEC Chairman Gary Gensler has alleged that crypto firms made a calculated decision to evade rules.&amp; </li><li>Gensler also denied the allegations of crushing the crypto industry through enforcement actions.&amp; </li><li>The SEC Chair reiterated his long-standing view that the majority of crypto tokens qualify as a security.&amp; </li><li>Rebutting industry claims, Gensler laid out the path for crypto firms to register with the regulator.&amp; </li></ul><p>Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, has responded to the crypto industry’s backlash in light of recent enforcement actions initiated by his agency. Gensler defended the actions of the SEC and blamed crypto firms in the country for “flouting” rules. The SEC Chair also responded to the industry’s claims of having no way to register with the securities regulator.&amp; </p><h2><strong>Gary Gensler Denies Allegations of Crushing the Crypto Industry</strong></h2><p>According to a report by <a href="https://www.reuters.com/business/finance/us-sec-chair-says-crypto-companies-made-calculated-decision-flout-rules-2023-06-08/" rel="nofollow noopener">Reuters</a>, Gary Gensler has accused the crypto firms of making a “calculated economic decision” to flout the rules set by his agency. The SEC chair alleged that crypto firms decided to take the risk of enforcement as the cost of conducting business in the United States. Gensler believes that crypto entities that got hit with enforcement actions had legal trouble coming. He indicated that firms that don’t comply with the rules will attract enforcement action. </p><p>SEC Chair Gensler’s comments came during the Piper Sandler Global Exchange and Fintech Conference earlier today. During his speech, he pushed back against the crypto industry’s allegations of him using the agency to crush them. He also stated that contrary to the industry’s repeated demands, there was no need for legislation from Congress for regulating the crypto space.</p><blockquote class="wp-block-quote"><p>We’ve issued a reopening release that reiterated the applicability of existing rules to platforms that trade crypto assets securities, including so-called DeFi systems, that’s already the law. That’s already the rule. Not liking the law, not liking the rules is different than not hearing it or not getting it.”  </p><cite>Gary Gensler, Chairman of the SEC</cite></blockquote><p><a href="https://en.ethereumworldnews.com/gary-gensler-us-no-more-digital-currency/">Gary Gensler</a> reiterated his long-standing controversial stance on crypto securities and stated that the majority of the crypto tokens out there qualified as security. For those who claimed that there was no way to comply with the SEC’s rules, Gensler detailed how crypto firms could register themselves with the regulator and highlighted potential exemptions that may be granted to operators who meet certain criteria. </p>]]></description><link>https://m.coinsnews.com/sec-chair-gary-gensler-accuses-crypto-firms-of-willingly-flouting-rules</link><guid>588044</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/im-284290-770x578.jpg</dc:content ><dc:text>SEC Chair Gary Gensler Accuses Crypto Firms Of Willingly Flouting Rules</dc:text></item><item><title>Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-2048x1365.webp 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1376x917.webp 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit 24"><ul><li>Coinbase CEO Brian Armstrong sold nearly 30,000 shares of his company worth over $1.7 million.&amp; </li><li>Armstrong sold the company’s shares two days before the SEC initiated enforcement action against his exchange.&amp; </li><li>Fox journalist Eleanor Terrett argued that the alleged dump was part of a pre-planned stock sale.&amp; </li><li>Last month the company’s executives sold over $2.6 million worth of shares in a single day.&amp; </li></ul><p>Coinbase’s Chief Executive Brian Armstrong sold thousands of shares earlier this week. The crypto community on Twitter questioned the CEO’s decision to dump his company’s shares in light of the enforcement action initiated against it by the Securities and Exchange Commission (SEC). The questionable stock sale took place just two days before the securities regulator sued the crypto exchange, leading to a double-digit fall in the share price.&amp; </p><h2><strong>Coinbase CEO’s Alleged Stock Dump Part of Pre-Planned Stock Sale?</strong></h2><p>According to <a href="https://www.sec.gov/Archives/edgar/data/1679788/000195824423000844/0001958244-23-000844-index.htm" rel="nofollow noopener">Form 4</a> filed with the SEC by Brian Armstrong, the Coinbase CEO sold a whopping 29,730 shares on June 5, 2023. The sale took place in 8 separate transactions, all on the same date. Armstrong sold his company’s Class A Common Stock at an average price of $60.3 per share, netting more than $1.7 million. The SEC’s lawsuit against the crypto exchange led to a drop of 20% in the company’s share price, which Armstrong managed to avoid by selling a considerable chunk of his holdings. </p><figure class="wp-block-image size-large"><img width="1024" height="365" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-1024x365.jpg" alt="Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit 19" class="wp-image-582672" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-1024x365.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-300x107.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-770x274.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-1536x548.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-269x96.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-746x266.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW-1376x490.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FyGlkOQXsAYJ2fW.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" title="Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit 23"></figure><p>Fox Business journalist Eleanor Terrett took to <a href="https://twitter.com/EleanorTerrett/status/1666833553814945794" rel="nofollow noopener">Twitter</a> to share her take on the matter after crypto users accused Brian Armstrong of dumping his shares to avoid the impact of the SEC’s lawsuit. Terrett highlighted that the shares sold by Armstrong were part of a pre-planned stock sale that was initiated in August 2022. As per Terrett, it is common for executives to schedule stock sales on the first Monday of the month or the beginning of the third fiscal quarter. </p><p>Reports of the alleged stock dumping emerged just days after multiple <a href="https://en.ethereumworldnews.com/coinbase-continue-staking-no-delisting/">Coinbase</a> executives, including Brian Armstrong, sold over $2.7 million worth of shares in a single day. The executives involved Chief Legal Officer Paul Grewal, Chief People Officer Brock Lawrence, Chief Financial Officer Haas Alesia, and company President Choi Emilie. </p>]]></description><link>https://m.coinsnews.com/coinbase-ceo-brian-armstrong-sold-shares-worth-17-million-before-secs-lawsuit</link><guid>587997</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp</dc:content ><dc:text>Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit</dc:text></item><item><title>USDC Issuer Circle Recruits Former CFTC Chair For Legal Chief Role</title><description><![CDATA[<img width="600" height="387" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="USDC Issuer Circle Recruits Former CFTC Chair For Legal Chief Role 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3.jpg 600w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3-300x194.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3-500x323.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3-269x174.jpg 269w" sizes="(max-width: 600px) 100vw, 600px" title="USDC Issuer Circle Recruits Former CFTC Chair For Legal Chief Role 22"><ul><li>Circle has tapped former CFTC Chairman Heath Tarbert to serve as its Chief Legal Officer and Head of Corporate Affairs.&amp; </li><li>Tarbert boasts an impressive career that includes stints at the World Bank, Treasury Department, the White House, etc.</li><li>CEO Jeremy Allaire stated that the new legal chief had worked in all three branches of the U.S. government.&amp; </li><li>The USDC issuer is aiming to strengthen its relationship with governments around the world.&amp; </li></ul><p>Stablecoin giant <a href="https://en.ethereumworldnews.com/circle-dumps-us-treasuries-usdc-reserve/">Circle</a> Internet Financial has appointed a former Commodities and Futures Trading Commission (CFTC) Chair as its new legal chief. Heath Tarbert, who served as the 14th Chairman and Chief Executive of the CFTC, has been tapped by the USD Coin issuer for the role of Chief Legal Officer and Head of Corporate Affairs. Circle CEO Jeremy Allaire took to <a href="https://twitter.com/jerallaire/status/1666774116567773185" rel="nofollow noopener">Twitter</a> earlier today to share the news and noted that Tarbert has served in all three branches of the U.S. government. </p><h2><strong>Circle’s New Legal Chief To Replace Outgoing General Counsel</strong></h2><p>According to a <a href="https://www.circle.com/en/pressroom/circle-names-heath-tarbert-chief-legal-officer-head-of-corporate-affairs" rel="nofollow noopener">press release</a> from Circle, Heath Tarbert will replace the stablecoin firm’s outgoing General Counsel Flavia Naves. Naves, who announced her departure earlier this year, oversaw the company’s successful expansion and financing rounds while setting up an effective legal organization. Tarbert, who is coming in from Citadel Securities, brings vast experience to his new role. </p><p>The former CFTC Chair previously worked at the World Bank, the U.S. Department of Treasury, the Financial Stability Board, the White House counsel, U.S. Department of Justice and also served as the deputy Finance Minister for G-7/G-20. Tarbert also had stints at the U.S. Supreme Court and the U.S. Senate Committee on Banking, Housing, and Urban Affairs.&amp; </p><blockquote class="wp-block-quote"><p>As we continue building a bridge between traditional finance and Web3, Heath’s perspective, legal acumen, and global regulatory experience will help us advance the utility value of USDC worldwide.” </p><cite>Jeremy Allaire, CEO of Circle Internet Financial</cite></blockquote><p>Heath Tarbert will assume his new role at the stablecoin firm on July 1, 2023. Allaire stated that Tarbert would provide expertise and leadership to the company’s executive leadership team. “I’m thrilled by the opportunity to help Circle’s efforts to evolve the global financial system and encourage policymakers to establish sound rules for digital assets that provide clarity, coherence, and protection for people and businesses,” Tarbert stated.&amp; &amp; </p>]]></description><link>https://m.coinsnews.com/usdc-issuer-circle-recruits-former-cftc-chair-for-legal-chief-role</link><guid>587998</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ss-5bfc327ac9e77c0051810fc3.jpg</dc:content ><dc:text>USDC Issuer Circle Recruits Former CFTC Chair For Legal Chief Role</dc:text></item><item><title>Commonwealth Bank Australia To Tackle Crypto Scams With New Risk Measures</title><description><![CDATA[<img width="666" height="357" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Australia" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures.jpg 666w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures-300x161.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures-500x268.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures-269x144.jpg 269w" sizes="(max-width: 666px) 100vw, 666px" title="Commonwealth Bank Australia To Tackle Crypto Scams With New Risk Measures 22"><p>Summary:</p><ul><li>The measures introduced by the CBA include holds, declines, and limits on outgoing transfers to crypto exchanges.</li><li>CBA will also introduce a monthly $10,000 limit on these transactions in the coming months.</li><li>James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services said that measures should combat crypto-related scams as consumer interest in digital assets grows.</li></ul><p>The Commonwealth Bank of Australia has made the decision to <a href="https://www.commbank.com.au/articles/newsroom/2023/06/changes-on-payments-to-crytocurrency-exchanges.html" target="_blank" data-type="URL" data-id="https://www.commbank.com.au/articles/newsroom/2023/06/changes-on-payments-to-crytocurrency-exchanges.html" rel="noreferrer noopener nofollow">limit</a> payments to cryptocurrency exchanges and to introduce a monthly limit on outbound transactions to digital-asset trading platforms. Some transfers will be held for 24 hours or declined, all due to the increasing number of scams in the market, a spokesperson said in a statement on Thursday.</p><p>James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services said that measures should combat crypto-related scams as consumer interest in digital assets grows.</p><blockquote class="wp-block-quote"><p>With the incidences of scams increasing and in many cases customers suffering significant losses from being scammed, the introduction of 24 hour holds, declines and limits on outbound payments to cryptocurrency exchanges will help reduce both the number of scams and the amount of money lost by customers</p></blockquote><p>In the coming months, the CBA will implement a $10,000 AUD ($6,663) monthly limit of bank payments to crypto exchanges. Today&#8217;s announcement further said that the CBA will conduct regular reviews to assess how well these measures work. </p><h2>Binance Australia</h2><p>Earlier this month, Binance Australia <a href="https://en.ethereumworldnews.com/binance-australia-halts-bank-transactions/" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australia-halts-bank-transactions/" target="_blank" rel="noreferrer noopener">released</a> a statement urging users to convert AUD balances to USDT stablecoin in order to ensure seamless transactions, stating that from the 1st of June, the company will no longer facilitate AUD deposits or withdrawals by bank transfer for Australian users. </p><p>Binance halted AUD deposits and transfers after filing a request with the Australian Securities and Investments Commission (ASIC) to cancel its derivatives license. The move came after 500 derivatives positions on Binance Australia were <a href="https://en.ethereumworldnews.com/binance-closes-futures-accounts-australia/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-closes-futures-accounts-australia/" rel="noreferrer noopener">liquidated</a>.</p>]]></description><link>https://m.coinsnews.com/commonwealth-bank-australia-to-tackle-crypto-scams-with-new-risk-measures</link><guid>587947</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Commonwealth-Bank-Australia-To-Tackle-Crypto-Scams-With-New-Risk-Measures.jpg</dc:content ><dc:text>Commonwealth Bank Australia To Tackle Crypto Scams With New Risk Measures</dc:text></item><item><title>Do Kwon May Be Sentenced To 40 Years In South Korean Prison</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon May Be Sentenced To 40 Years In South Korean Prison 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667.jpg 976w" sizes="(max-width: 770px) 100vw, 770px" title="Do Kwon May Be Sentenced To 40 Years In South Korean Prison 22"><ul><li>Do Kwon may be sentenced to over 40 years in prison in South Korea.</li><li>A senior South Korean prosecutor Dan Sunghan stated that the Terra founder may spend most of his life behind bars.&amp; </li><li>The prosecutor believes that Kwon may have to face a separate jail term in the US after completing his sentence in South Korea.&amp; </li><li>Sunghan expects Kwon’s extradition from Montenegro to take up to nine months.&amp; </li></ul><p>Do Kwon, founder of the defunct Terraform Labs, could be handed a 40-year prison sentence in South Korea. Dan Sunghan, a senior prosecutor in South Korea, believes that the disgraced crypto personality will spend most of his life behind bars. Sharing his take on Kwon’s ongoing legal troubles, the South Korean lawyer revealed that 31 yr old Terra founder may have to serve a separate jail term in the United States if convicted on the charges filed by the U.S. Securities and Exchange Commission.&amp; </p><h2><strong>Do Kwon’s Extradition From Montenegro May Take Up To Nine Months</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-06-08/fallen-crypto-mogul-kwon-could-face-jail-in-south-korea-and-us-prosecutor-says?srnd=cryptocurrencies-v2" rel="nofollow noopener">Bloomberg</a>, Dan Sunghan believes it is possible for Do Kwon to be tried and sentenced in two different jurisdictions on separate charges. Such a scenario would involve the Terraform Labs founder facing fraud charges in South Korea, followed by his extradition to the United States to face trial. After completing his sentence in South Korea, Kwon would be sent to the US to serve the remainder of his jail term. </p><blockquote class="wp-block-quote"><p>This is the largest financial fraud or financial securities fraud case that has ever happened in South Korea,” </p><cite>Dan Sunghan, Senior South Korean Prosecutor </cite></blockquote><p>Dan Sunghan serves as the Director of the financial crime investigation bureau at the Seoul Southern District Prosecution Service. As the lead prosecutor for the probe into Do Kwon and Terraform’s activities, Sunghan expects the disgraced founder to receive a record domestic sentence for a financial fraud case exceeding four decades. The prosecutor believes Kwon should be extradited from <a href="https://en.ethereumworldnews.com/do-kwon-granted-400k-bail-montenegro/">Montenegro</a> to South Korea first, but he noted that the process itself could take up to nine months. </p>]]></description><link>https://m.coinsnews.com/do-kwon-may-be-sentenced-to-40-years-in-south-korean-prison</link><guid>587816</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/129116807_e51d1870fb93c398fea6fade4e1bece68c43f3e90_0_4247_28311000x667-770x433.jpg</dc:content ><dc:text>Do Kwon May Be Sentenced To 40 Years In South Korean Prison</dc:text></item><item><title>UK FCA Unveils Stricter Rules For Crypto Marketing</title><description><![CDATA[<img width="700" height="480" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="UK FCA Unveils Stricter Rules For Crypto Marketing 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA-300x206.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA-500x343.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA-269x184.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="UK FCA Unveils Stricter Rules For Crypto Marketing 20"><ul><li>The United Kingdom’s Financial Conduct Authority has unveiled new marketing rules for crypto firms.&amp; </li><li>First-time crypto investors will get a 24-hour cooling period to prevent impulse buys.&amp; </li><li>The FCA’s new rules will classify crypto as restricted mass market investments that require clear risk warnings.&amp; </li><li>The new rules will take effect on October 8 and will prevent crypto firms from promoting schemes like &#8220;refer a friend.&#8221;&amp; </li></ul><p>The United Kingdom’s Financial Conduct Authority has unveiled a series of rules aimed at restricting crypto firms in the country from engaging in certain marketing tactics in the interest of consumer protection. The regulator stated that it would treat crypto as high-risk investments as per the new rules that are set to take effect on October 8, 2023.&amp; </p><h2><strong>New Crypto Investors To Be Restricted From Trading In The First 24 Hours</strong></h2><p>According to a report by <a href="https://www.reuters.com/world/uk/uk-curb-crypto-advertising-with-cooling-off-periods-risk-warnings-2023-06-07/" rel="nofollow noopener">Reuters</a>, as per the Financial Conduct Authority’s new rules, crypto will be classified as restricted mass market investments. The new classification will require crypto advertisements and marketing campaigns to include clear risk warnings. The <a href="https://en.ethereumworldnews.com/uk-wants-btc-crypto-regulated-as-gambling/">UK</a> regulator will also ban marketing promotions such as “refer a friend”, a scheme where crypto users are rewarded for recruiting their friends to the platform to buy crypto. </p><p>The FCA’s new rules would also require first-time crypto investors to go through a 24-hour “cooling off” period upon registering trading accounts. The regulator is aiming to discourage impulse crypto purchases by amateur traders through this rule. The new crypto rules are similar to those that are currently imposed by the financial regulator on high-risk investments in traditional finance.&amp; </p><blockquote class="wp-block-quote"><p>It is up to people to decide whether they buy crypto. But research shows many regret making a hasty decision. Consumers should still be aware that crypto remains largely unregulated and high risk.” </p><cite>Sheldon Mills, Executive Director of FCA&#8217;s Consumers and Competition Division</cite></blockquote><p>Su Carpenter, the operations director at CryptoUK, stated that her organization agreed with the FCA’s decision to enforce a cooling-off period but questioned the duration. CryptoUK is a self-regulatory trade association for the crypto industry in the United Kingdom. The trade body said that it looked forward to reviewing evidence-based findings on the rationale behind the proposed 24-hour cooling-off period.</p>]]></description><link>https://m.coinsnews.com/uk-fca-unveils-stricter-rules-for-crypto-marketing</link><guid>587791</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/FCA.jpg</dc:content ><dc:text>UK FCA Unveils Stricter Rules For Crypto Marketing</dc:text></item><item><title>Coinbase Has No Plans To Shut Down Staking Or Delist Tokens</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Has No Plans To Shut Down Staking Or Delist Tokens 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839.webp 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Has No Plans To Shut Down Staking Or Delist Tokens 22"><ul><li>Coinbase CEO Brian Armstrong has confirmed that the exchange will not shut down staking services.&amp; </li><li>Chief Legal Officer Paul Grewal revealed that the company had no plans to delist any tokens named in the SEC’s complaint.&amp; </li><li>The SEC initiated enforcement action against the exchange over its staking program and alleged security tokens.&amp; </li><li>Grewal previously stated that the lawsuit will have no impact and the exchange will continue to operate as usual.&amp; </li></ul><p>Coinbase’s Chief Executive Officer <a href="https://en.ethereumworldnews.com/coinbase-brian-armstrong-calls-out-sec/">Brian Armstrong</a> has revealed that the Securities and Exchange Commission’s lawsuit against his company will have no impact on its operations. Armstrong confirmed that the largest crypto exchange in the United States will not shut down its staking services, which was one of the products that prompted the enforcement action from the SEC. </p><h2><strong>Staking Program Accounts For 3% of Coinbase’s Net Revenue</strong></h2><p>Brian Armstrong’s comments came a day after his exchange was sued by the SEC for operating as an unregistered securities exchange, broker, and clearing agency. While speaking at the <a href="https://www.bloomberg.com/news/audio/2023-06-07/coinbase-ceo-brian-armstrong-talks-crypto-regulation-podcast" rel="nofollow noopener">Bloomberg</a> Invest Conference earlier today, Armstrong revealed that Coinbase would continue offering staking services to its clients. The executive added that the staking program contributed 3% to the company’s overall net revenue. </p><blockquote class="wp-block-quote"><p>Even though this complaint came in from the SEC it&#8217;s really business as usual today,  we&#8217;re continuing to trade the assets that we have on our platform. We&#8217;re not going to wind down our staking service. Coinbase&#8217;s staking product is architected and built in a way to be compliant. </p><cite>Brian Armstrong, CEO of Coinbase</cite></blockquote><p>Coinbase’s Chief Legal Officer Paul Grewal told The Block earlier today that the crypto exchange had no plans to delist any of the crypto tokens alleged as securities in the SEC’s lawsuit. Grewal revealed that the exchange was looking at new facts and information to determine if its previous analysis of the concerned tokens may have been incorrect. “We remain confident in our original analysis,” he added.</p>]]></description><link>https://m.coinsnews.com/coinbase-has-no-plans-to-shut-down-staking-or-delist-tokens</link><guid>587762</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1234552839-770x433.webp</dc:content ><dc:text>Coinbase Has No Plans To Shut Down Staking Or Delist Tokens</dc:text></item><item><title>Binance CEO Changpeng Zhao Summoned By D.C District Court</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Binance CEO Changpeng Zhao Summoned By D.C District Court 20" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-1024x683.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance CEO Changpeng Zhao Summoned By D.C District Court 22"><ul><li>Binance CEO Changpeng Zhao has been summoned by the D.C. District Court.&amp; </li><li>The summons requires Zhao to respond to the lawsuit filed by the Securities and Exchange Commission within 21 days.&amp; </li><li>The crypto billionaire stated that the summons was part of the SEC’s initial complaint and wouldn&#8217;t require him to appear in person.&amp; </li><li>If CZ fails to respond, a judge will be entered by default against him.</li></ul><p>Changpeng Zhao, the man at the helm of the world’s largest crypto exchange, has been summoned by the D.C. District Court in relation to the lawsuit filed by the Securities and Exchange Commission. The summons comes two days after Zhao and <a href="https://en.ethereumworldnews.com/sec-files-motion-freeze-binance-us-assets/">Binance</a> were sued by the securities regulator for allegedly breaking securities laws and commingling billions of customers&#8217; funds in a U.S. entity controlled by Zhao.</p><h2><strong>Changpeng Zhao Will Not Have To Appear In Person</strong></h2><p>According to the <a href="https://www.docdroid.net/MHUeKyh/show-temp-2-pdf#page=6" rel="nofollow noopener">summons</a> issued by the U.S. District Court for the District of Columbia, Changpeng Zhao has 21 days to respond to the complaint filed by the SEC. The news was shared by Fox Business Journalist Eleanor Terrett on Twitter earlier today. If Zhao fails to respond within 21 days, a default judgment will be entered against him. The court document showed Malta as the Binance CEO’s country of residence. Zhao was born in China but has been a citizen of Canada for decades. </p><blockquote class="wp-block-quote"><p>I was told this is just part of the SEC compliant process. Nothing new. No need to FUD” </p><cite>Changpeng Zhao, Founder and CEO of Binance</cite></blockquote><p>Changpeng Zhao responded to Terrett’s tweet about the summons served to him and clarified that the court order did not require him to appear in person. Zhao stated that the summons was part of the SEC’s initial complaint and was not new information. He disapproved of the fear, uncertainty, and doubt (FUD) associated with the tweet. A subsequent tweet by the Binance CEO stated that Terrett’s tweet was accurate and that the FUD he highlighted was meant for other rumors on crypto Twitter. </p>]]></description><link>https://m.coinsnews.com/binance-ceo-changpeng-zhao-summoned-by-dc-district-court</link><guid>587721</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/10e73244-1815-461d-abea-7f3bec49d2bd_4eda5f3b-770x513.webp</dc:content ><dc:text>Binance CEO Changpeng Zhao Summoned By D.C District Court</dc:text></item><item><title>Cathie Wood’s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions.jpeg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Cathie Wood&#039;s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount 19"><p>Summary: </p><ul><li>Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit.</li><li>Cathie Wood&#8217;s company filled their coffers as the second largest COIN holders with 11.4 million shares amid tensions surrounding the publicly traded crypto exchange.</li><li>Coinbase is being sued by the U.S. Securities and Exchange Commission for selling unregistered securities and running an illegal securities exchange among other allegations.</li><li>&#8220;We&#8217;ll get the job done&#8221; CEO Brian Armstrong said in response to the upcoming legal tussle with the U.S. watchdog.</li></ul><p>The investment management firm founded by Cathie Wood, <a href="https://twitter.com/ARKInvest" target="_blank" data-type="URL" data-id="https://twitter.com/ARKInvest" rel="noreferrer noopener nofollow">Ark Invest Management</a>, splurged $21.6 million on Coinbase stock shortly after a lawsuit from the U.S. Securities and Exchange Commission alleging securities violation by the crypto exchange. </p><p>Coinbase rival Binance was also sued by the U.S. SEC with claims of similar but different violations. The Binance suit included its American platform BAM Trading better known as Binance US and Binance CEO Changpeng Zhao. </p><p>Ark Invest purchased 419,324 shares of Coinbase stock COIN through three of its funds &#8211; ARK&#8217;s Innovation ETF (ARKK), the Next Generation Internet ETF (ARKW), and the Fintech Innovation ETF (ARKF). The latest buy means Cathie Wood&#8217;s company now owns 11.4 million COIN, the second largest shareholder at press time. </p><p>COIN&#8217;s price fell sharply in pre-trading following the news with a decline of over 40%.</p><p>The move by Ark Invest to purchase Coinbase stock at a discount is a clear indication of the company&#8217;s long-term bullish outlook on Brian Armstrong&#8217;s crypto exchange and perhaps the broader cryptocurrency industry in America.</p><h2>SEC Sues Coinbase And Binance</h2><p>On June 5, the SEC <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" rel="noreferrer noopener">filed</a> a lawsuit against Binance for allegedly offering unregistered securities, and the next day, the commission also <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">sued</a> Coinbase on similar grounds. The SEC further alleged that popular cryptocurrencies offered by both platforms such as SOL, ADA, and MATIC qualify as securities.</p><p>Both companies have come out to present their pending lawsuits as prime examples of the commission&#8217;s unwillingness to provide registration guidance. Instead, the SEC has opted for brute enforcement actions to &#8220;regulate&#8221; America&#8217;s crypto landscape, crypto proponents insist. </p>]]></description><link>https://m.coinsnews.com/cathie-woods-arkinvest-grabs-216-million-in-coinbase-stock-on-sec-discount</link><guid>587722</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg</dc:content ><dc:text>Cathie Wood’s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount</dc:text></item><item><title>Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen</title><description><![CDATA[<img width="768" height="512" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase and Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen.jpg 768w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen-269x179.jpg 269w" sizes="(max-width: 768px) 100vw, 768px" title="Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen 22"><p>Summary: </p><ul><li>Data from blockchain intelligence startup Nansen showed negative netflow from Coinbase and Binance after the U.S. SEC sued both crypto exchanges.</li><li>Binance and Binance US recorded a combined negative outflow north of $400 million 24 hours after the SEC&#8217;s lawsuit against rival Coinbase.</li><li>Coinbase saw a smaller negative netflow across its crypto exchange and custodial service at just over $80 million, excluding withdrawals on Bitcoin&#8217;s network for both platforms.</li></ul><p>Data from blockchain intelligence startup <a href="https://pro.nansen.ai/exchange-flows" target="_blank" data-type="URL" data-id="https://pro.nansen.ai/exchange-flows" rel="noreferrer noopener nofollow">Nansen</a> showed negative netflow from crypto exchanges Coinbase and Binance after the U.S. SEC sued both platforms for supporting unregistered securities trading. </p><p>Binance was the first of the two exchanges on the receiving end of the SEC&#8217;s crackdown this week. Netflow on the company&#8217;s American affiliate Binance US was $78 million positive 24 hours after the Securities and Exchange Commission sued BAM Trading and CEO Changpeng Zhao on June 5. </p><p>The numbers flipped negative on June 7, 24 hours after rival crypto exchange Coinbase was accused of similar securities violations. Exchanges experience negative netflow when users withdraw more assets than they deposit.</p><figure class="wp-block-image size-large"><img width="1024" height="677" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-1024x677.png" alt="Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen 16" class="wp-image-582639" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-1024x677.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-300x198.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-770x509.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-1536x1016.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-269x178.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-746x493.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit-1376x910.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-and-Binance-US-Exchange-Flow-24-Hours-After-SEC-Lawsuit.png 1570w" sizes="(max-width: 1024px) 100vw, 1024px" title="Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen 21"><figcaption><strong>Binance and Binance US Exchange Flow 24 Hours After SEC Lawsuit by Nansen</strong></figcaption></figure><h2>Withdrawals Surpass Deposits On Coinbase And Binance</h2><p>24 hours after charges were <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" rel="noreferrer noopener">filed against Coinbase</a>, both Coinbase and Binance show negative netflow according to Nansen. For Binance, negative netflow crossed $400 million on its international platform and Binance US, excluding withdrawals on Bitcoin&#8217;s network. Binance US&#8217;s negative netflow skyrocketed to $120 million after the SEC filed an <a href="https://en.ethereumworldnews.com/sec-files-motion-freeze-binance-us-assets/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-files-motion-freeze-binance-us-assets/" target="_blank" rel="noreferrer noopener">emergency motion to free the platform&#8217;s assets</a>.</p><p>Coinbase and Coinbase custody saw over $80 million in negative netflow, a smaller number compared to Binance. </p><h2>SEC In For A Showdown</h2><p>Both Coinbase and Binance have expressed intent to fight the SEC in court. The two crypto exchanges denied breaking securities laws and called out the commission for failing its duty to provide clear guidance. </p><p>&#8220;We&#8217;ll get the job done&#8221; Coinbase CEO Brian Armstrong said in response to the lawsuit and Binance CEO Changpeng Zhao <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" rel="noreferrer noopener">tweeted</a> &#8220;4&#8221; suggesting that the news is FUD. </p><p>The SEC also <a href="https://en.ethereumworldnews.com/sec-16-coins-securities-binance-coinbase/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-16-coins-securities-binance-coinbase/" rel="noreferrer noopener">classified several cryptos</a> like SOL and MATIC as securities leaving the wider crypto community wondering what other tokens could feature in the commission&#8217;s war against digital currencies. </p>]]></description><link>https://m.coinsnews.com/coinbase-and-binance-show-negative-netflow-after-sec-suits-nansen</link><guid>587663</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Coinbase-And-Binance-Show-Negative-Netflow-After-SEC-Suits-Nansen.jpg</dc:content ><dc:text>Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen</dc:text></item><item><title>Circle’s Singapore Affiliate Bags License For DPT Services</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Circle" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-2048x1153.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-1376x774.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Circle’s Singapore Affiliate Bags License For DPT Services 23"><p>Summary: </p><ul><li>Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS).</li><li>The license allows USDC’s issuer to provide local and cross-border payments and digital payment token facilities in the city-state.</li><li>Singapore is a springboard for Circle’s international expansion and operations in the greater Asia region, CEO Jeremy Allaire said.</li><li>The stablecoin issuer received provisional approval for DPT operations last year along with crypto trust company Paxos. </li></ul><p>USDC issuer Circle received a crypto license from the Monetary Authority of Singapore (MAS) that will allow the company to <a href="https://www.circle.com/en/pressroom/circle-singapore-obtained-major-payment-institution-license" target="_blank" data-type="URL" data-id="https://www.circle.com/en/pressroom/circle-singapore-obtained-major-payment-institution-license" rel="noreferrer noopener nofollow">facilitate digital payments within the city-state</a>. </p><p>The Major Payment Institution license from the MAS approves Circle to provide users in Singapore with local and cross-border payment infrastructure. Also, the company is now regulated to offer digital payment token services. Approval from DPT services is highly sort after in Singapore and the MAS is notorious for issuing few licenses for this service. </p><p>Circle and Paxos initially <a href="https://en.ethereumworldnews.com/leading-stablecoin-issuers-paxos-and-circle-secure-regulatory-approvals-to-offer-crypto-services-in-singapore/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/leading-stablecoin-issuers-paxos-and-circle-secure-regulatory-approvals-to-offer-crypto-services-in-singapore/" rel="noreferrer noopener">received</a> provisional approval as MPIs back in November. </p><p>Singapore is a springboard for Circle’s international expansion and operations in the greater Asia region, CEO Jeremy Allaire said. The company could be looking to broaden its services and tap new markets after USDC&#8217;s market cap took a blow during the U.S. bank crisis earlier this year. </p><p>USDC&#8217;s market cap hovered peaked at $55 billion in July 2022 before sliding down to around $22 billion in June 2023.</p><p>The decision from the MAS also signals a pivot toward digital currency adoption and stablecoin, Allaire suggested. </p><blockquote class="wp-block-quote"><p>This milestone signifies a huge step forward for the future of regulated, transparent, and trusted dollar digital currencies in Singapore and the greater Asia region</p></blockquote><h2>Circle Shouldering On After USDC Market Slump</h2><p>Indeed, the stablecoin issuer has announced a raft of developments after its USDC stablecoin was hammered by banking issues in the U.S. Circle unveiled greater USDC utility within Ethereum and Avalanche&#8217;s ecosystem with the launch of its  Cross-Chain Transfer Protocol (CCTP). </p><p>The company also identified Paris as a center stage for European expansion and disclosed plans to <a href="https://en.ethereumworldnews.com/circle-french-license-paris-expansion/" data-type="URL" data-id="https://en.ethereumworldnews.com/circle-french-license-paris-expansion/" target="_blank" rel="noreferrer noopener">secure an E-money license from French regulators</a>. Notably, the digital payment giant will now have to comply with MiCA regulations that require stablecoin issuers to <a href="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-officially-signed-eu-policymakers/" target="_blank" rel="noreferrer noopener">hold sufficient reserves</a> as the bloc introduces crypto rules across 27 member states. </p><figure class="wp-block-image size-full"><img width="619" height="264" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDC_1Y_graph_coinmarketcap-1.png" alt="Circle’s Singapore Affiliate Bags License For DPT Services 15" class="wp-image-582633" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDC_1Y_graph_coinmarketcap-1.png 619w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDC_1Y_graph_coinmarketcap-1-300x128.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/USDC_1Y_graph_coinmarketcap-1-269x115.png 269w" sizes="(max-width: 619px) 100vw, 619px" title="Circle’s Singapore Affiliate Bags License For DPT Services 22"><figcaption><strong><a href="https://coinmarketcap.com/currencies/usd-coin/" target="_blank" data-type="URL" data-id="https://coinmarketcap.com/currencies/usd-coin/" rel="noreferrer noopener nofollow">USDC Market Cap by CoinMarketCap</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/circles-singapore-affiliate-bags-license-for-dpt-services</link><guid>587664</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Circles-Singapore-Affiliate-Bags-License-For-DPT-Services-4-770x433.png</dc:content ><dc:text>Circle’s Singapore Affiliate Bags License For DPT Services</dc:text></item><item><title>Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations</title><description><![CDATA[<img width="512" height="288" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance and Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy.jpg 512w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy-269x151.jpg 269w" sizes="(max-width: 512px) 100vw, 512px" title="Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations 21"><p>Summary: </p><ul><li>Market maker Cumberland withdrew nearly 25,000 ETH from Binance and Coinbase.</li><li>The market maker seems to have bought the dip after crypto prices slumped on the back of SEC lawsuits.</li><li>Binance and Coinbase are accused of operating unregistered security exchanges in violation of U.S. laws.</li><li>Both platforms deny the allegations and say the SEC would rather regulate through enforcement action than create a clear rule book for crypto registration.</li></ul><p>Market maker Cumberland withdrew around $46 million in Ether (ETH) from Binance and Coinbase following enforcement actions from the U.S. Securities and Exchange Commission against crypto&#8217;s largest centralized exchanges. </p><p>Cumberland deposited $85 million and $3.5 million in Circle&#8217;s USDC stablecoin into Coinbase and Binance respectively after the SEC sued Binance, <a href="https://twitter.com/lookonchain/status/1666356861845782529?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/lookonchain/status/1666356861845782529?s=20" rel="noreferrer noopener nofollow">LookOnChain</a> reports said. It seems the market maker deployed capital toward ETH buys on the crypto exchange. </p><p>On June 7, Cumberland withdrew a combined 24,850 ETH from Binance and Coinbase. The market maker also withdrew other cryptocurrencies like AAVE, COMP, LINK, and SHIB. Cumberland halted trading and market-making for FireCoin possibly due to concerns that the token is an unregistered security named by the SEC. </p><p>Blockchain Intelligence company Nansen tracked 23 million in BUSD withdrawals by Cumberland. The company sent the funds to crypto trust company Paxos most likely for redemptions. Notably, Paxos was <a href="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" rel="noreferrer noopener">ordered</a> to stop minting the Binance-branded stablecoin by the SEC and New York&#8217;s Department of Finance Services (NYDFS). </p><h2>Companies Capitalize On Panic Surrounding Binance And Coinbase</h2><p>Other institutions moved to capitalize on panic in the market after the SEC unleashed securities lawsuits against crypto exchanges <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" rel="noreferrer noopener">Binance</a> and <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">Coinbase</a>. LookOnChain <a href="https://twitter.com/lookonchain/status/1665977590233038848?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/lookonchain/status/1665977590233038848?s=20" rel="noreferrer noopener nofollow">reported</a> that FBG capital sent $44 million in Tether&#8217;s USDT to Binance after news of the SEC&#8217;s lawsuit broke. </p><p>One &#8220;Smart Money&#8221; wallet withdrew over 8,000 ETH. The wallet deposited $15.9 million in USDT, buying ETH tokens at an average price of $1,808 according to LookOnChain. </p><p>LookOnChain again reported $3.35 million worth of ETH buys from a whale wallet after withdrawals in USDC and USDT from lending protocol Aave.</p><p>Indeed, ETH prices and token prices across the broader crypto market fell as news of the SEC&#8217;s suit against Binance and Coinbase broke. Prices are seemingly recovering at press time and ETH was up 3% on Wednesday. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-1024x417.png" alt="Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations 11" class="wp-image-582624" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ETHUSDT_2023-06-07_12-47-15.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/ETHUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/ETHUSDT/" rel="noreferrer noopener">ETH/USDT by TradingView</a></strong></figcaption></figure><p></p>]]></description><link>https://m.coinsnews.com/cumberland-scoops-eth-dips-on-binance-and-coinbase-following-sec-allegations</link><guid>587612</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ETH-At-1900-Ahead-Of-Ethereums-Shapella-Upgrade-Bitcoin-Above-30K-Pumps-Profit-For-MicroStrategy.jpg</dc:content ><dc:text>Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations</dc:text></item><item><title>U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets</title><description><![CDATA[<img width="770" height="485" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-300x189.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-1024x645.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-500x315.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-269x169.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-746x470.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c.png 1128w" sizes="(max-width: 770px) 100vw, 770px" title="U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets 23"><ul><li>The United States SEC has filed a motion to freeze the assets of Binance US.&amp; </li><li>The securities regulator is seeking a temporary restraining order from the D.C. District Court.</li><li>The SEC is also seeking a show cause order as to why a preliminary injunction should not be granted.&amp; </li></ul><p>The Securities and Exchange Commission (SEC) has filed an emergency motion in the U.S. District Court for the District of Columbia, seeking a temporary restraining order to freeze the assets of Binance US. The filing comes just a day after the securities regulator <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/">sued</a> the American arm of the world’s largest crypto exchange and its founder Changpeng Zhao for operating an unregistered securities exchange and misrepresenting trading controls and oversight, among eleven other charges. </p><h2><strong>SEC Asks Court To Issue Show Cause Order To Binance US</strong></h2><p>According to the <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.4.0.pdf" rel="nofollow noopener">filing</a> made with the D.C. District Court, the SEC is seeking an order to freeze the assets of BAM Management and BAM Trading, the entities overseeing Binance and its affiliates. The emergency motion filed by the securities regulator also sought an order to show cause “why a preliminary injunction should not be granted”. The SEC sought six other court orders, including one requiring the sworn accounting of “certain assets” from Binance US. </p><blockquote class="wp-block-quote"><p>The SEC respectfully submits that this relief is necessary on an expedited basis to ensure the safety of customer assets and prevent the dissipation of available assets for any judgment, given the Defendants’ years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets”</p><cite>SEC’s filing in the D.C. District Court</cite></blockquote><p>If granted, the order would give Binance five days to make sure that the entity to have access to the exchange’s customer funds is Binance US. Within 30 days of granting the order, all customer funds would have to be transferred to new wallets. In its initial complaint against the crypto giant, the SEC indicated that it would seek the above-mentioned restraining order.&amp; </p>]]></description><link>https://m.coinsnews.com/us-sec-files-emergency-motion-to-freeze-binance-us-assets</link><guid>587483</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/50cf7b05f5bb517c26b5ccf0ec8ea83c-770x485.png</dc:content ><dc:text>U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets</dc:text></item><item><title>SEC Named 16 Cryptos As Unregistered Securities Between Binance and Coinbase Lawsuits</title><description><![CDATA[<img width="770" height="614" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-770x614.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-770x614.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-300x239.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-1024x816.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-1536x1225.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-2048x1633.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-500x399.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-269x214.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-746x595.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-1376x1097.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Named 16 Cryptos As Unregistered Securities Between Binance and Coinbase Lawsuits 23"><p>Summary: </p><ul><li>The financial watchdog said 16 cryptocurrencies count as securities according to documents filed at a federal court.</li><li>Tokens like SOL, MATIC, and ADA were named in lawsuits against Binance and Coinbase alleging violation of U.S. law.</li><li>Chair Gary Gensler told CNBC that there&#8217;s no need for additional digital currencies since the Dollar and other fiat currencies are already digital.</li></ul><p>SOL, ADA, MATIC, and several other cryptocurrencies were named unregistered securities in two separate but similar lawsuits filed by the U.S. Securities and Exchange Commission. </p><p>The tokens were <a href="http://chrome-extension//efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf" data-type="URL" data-id="http://chrome-extension//efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf" target="_blank" rel="noreferrer noopener nofollow">mentioned</a> in court documents alleging that crypto exchanges Binance and Coinbase operated unregistered securities exchanges. In the case of Binance, both the platform and its CEO Changpeng &#8216;CZ&#8217; Zhao were subjects of the allegations. Binance saw nearly $70 million in outflows shortly after and net outflows reached over $1 billion 24 hours later, per blockchain intelligence startup <a href="https://twitter.com/nansen_ai/status/1666145237474095104" target="_blank" data-type="URL" data-id="https://twitter.com/nansen_ai/status/1666145237474095104" rel="noreferrer noopener nofollow">Nansen</a>. </p><blockquote class="wp-block-quote"><p>As of ~5:30pm CET on June 6th, one day after the SEC announced it was filing charges against Binance entities and Binance CEO CZ, net daily outflows from Binance’s on-chain wallets amounted -1.36bn USD or 2.5% of the USD 54bn balance attributed to Binance on-chain.</p><cite>&#8211; <strong>Nansen analysts Aurelie Barthere and Philip Grushyn</strong></cite></blockquote><p>Coinbase was <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">accused</a> of breaking securities law and offering unregistered assets but its CEO Brian Armstrong was exempt from allegations. </p><p>In total, 16 cryptocurrencies &#8211; BNB, BUSD, SOL, ADA, MATIC, FIL, SAND, AXS, MANA, CHZ, FLOW, ICP, NEAR, VGX, DASH, NEXO, ATOM, And COTI &#8211; were classified as unregistered securities. </p><p>These tokens boast a combined market cap north of $100 billion at press time. BNB, ADA, SOL, and MATIC each rank in the top 10 cryptocurrencies per CoinMarketCap rankings. While MATIC &#8211; the native asset of Ethereum scaling solution Polygon &#8211; was classified as a security, ETH was not leaving room for speculation as to why. </p><h2>SEC Gary Gensler &#8211; US Doesnt Need More Digital Currencies</h2><p>Chair Gary Gensler dodged answering &#8220;Yes or No&#8221; when asked by Congress whether ETH counts as security or not. While Gensler&#8217;s clear answer on the matter remains unknown, the commission chair made it clear that the U.S. does not need more digital currencies. </p><p>Gensler <a href="https://www.youtube.com/watch?v=VKxXdUvMqAc" target="_blank" data-type="URL" data-id="https://www.youtube.com/watch?v=VKxXdUvMqAc" rel="noreferrer noopener nofollow">questioned</a> the underlying value of &#8220;these crypto tokens&#8221; and argued that American investors already have access to digital currencies in the Dollar. </p><p>Chair Gensler added that crypto businesses must come in and register in compliance with existing law issued by Congress to protect U.S. investors. Crypto entities have insisted that the commission does not provide a clear path for businesses that intend on registering. </p><blockquote class="wp-block-quote"><p>2. There is no path to &#8220;come in and register&#8221; &#8211; we tried, repeatedly &#8211; so we don&#8217;t list securities. We reject the vast majority of assets we review.</p><cite><a href="https://twitter.com/brian_armstrong/status/1666129111025324035" data-type="URL" data-id="https://twitter.com/brian_armstrong/status/1666129111025324035" target="_blank" rel="noreferrer noopener nofollow">&#8211; Coinbase CEO Brian Armstrong after today&#8217;s lawsuit</a></cite></blockquote>]]></description><link>https://m.coinsnews.com/sec-named-16-cryptos-as-unregistered-securities-between-binance-and-coinbase-lawsuits</link><guid>587446</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-770x614.jpg</dc:content ><dc:text>SEC Named 16 Cryptos As Unregistered Securities Between Binance and Coinbase Lawsuits</dc:text></item><item><title>Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-2048x1365.webp 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-1376x917.webp 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court 23"><ul><li>Coinbase CEO Brian Armstrong has highlighted the SEC’s harmful regulation by enforcement approach in light of the recent lawsuit.&amp; </li><li>Armstrong reminded everyone that the SEC reviewed his company before allowing it to go public in 2021.&amp; </li><li>Ripple executives also spoke in support of Coinbase and called out the SEC for its hostile stance on crypto.&amp; </li></ul><p>Brian Armstrong, the Chief Executive Officer of Coinbase Global Inc, has responded to the U.S. Securities and Exchange Commission’s <a href="https://en.ethereumworldnews.com/coinbase-cease-desist-order-sec-lawsuit/">lawsuit</a> filed earlier today. The SEC’s complaint charged the largest crypto exchange in the United States for operating as a registered securities exchange, broker, and clearing agency and violating securities laws.</p><h2><strong>Coinbase CEO: Proud To Represent Crypto Industry In Court For Clarity</strong></h2><p>Brian Armstrong took to <a href="https://twitter.com/brian_armstrong/status/1666129111025324035" rel="nofollow noopener">Twitter</a> to call out the SEC for resorting to litigation instead of guiding his crypto exchange and similar entities toward regulatory compliance by engaging in rulemaking for the broader crypto industry. Armstrong told his followers that his company is proud to represent the industry in court in pursuit of clarity surrounding rules for the crypto space. The Coinbase executive also reminded everyone that the securities regulator had reviewed the company’s business before allowing it to go public in 2021. </p><p>Responding to SEC Chair <a href="https://en.ethereumworldnews.com/gary-gensler-us-no-more-digital-currency/">Gary Gensler</a>’s call for crypto firms to “come in and register”, Brian Armstrong clarified that there was no path for firms such as his to get registered with the regulator under the current regulatory regime. He also highlighted the contradicting statements made by the SEC and the Commodities and Futures Trading Commission (CFTC) over the difference between a security and a commodity. Armstrong cited the recent events to underscore the need for new legislation from the US Congress to support crypto by putting clear rules in place. </p><blockquote class="wp-block-quote"><p>Instead of publishing a clear rule book, the SEC has taken a regulation-by-enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.”</p><cite>Brian Armstrong, Chief Executive Officer at Coinbase</cite></blockquote><p>Speaking on the matter, Coinbase’s Chief Legal Officer Paul Grewal stated that the SEC’s enforcement-only approach in the absence of clear rules for the digital asset industry was hurting America’s economic competitiveness. Grewal added that the lawsuit would not affect the exchange operations and that it will continue to operate as usual. <a href="https://twitter.com/bgarlinghouse/status/1666126928678469632" rel="nofollow noopener">Tweeting</a> in support of Coinbase, Ripple CEO Brad Garlinghouse called out SEC Chair Gary Gensler for his “laughable pro-innovation stance” on crypto. Ripple’s Chief Legal Officer Stuart Alderoty added that despite what Chair Gensler may purport, the SEC didn’t have the regulatory authority to label tokens as securities. </p>]]></description><link>https://m.coinsnews.com/coinbase-ceo-brian-armstrong-looks-forward-to-facing-off-against-sec-in-court</link><guid>587447</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-1182943846-770x513.webp</dc:content ><dc:text>Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court</dc:text></item><item><title>Gary Gensler Says The US Doesn’t Need More Digital Currency</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-770x514.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Gary Gensler Says The US Doesn’t Need More Digital Currency 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-770x514.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-1024x684.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-1536x1026.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-2048x1367.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-500x334.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-746x498.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-269x180.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-1376x919.jpeg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Gary Gensler Says The US Doesn’t Need More Digital Currency 23"><ul><li>SEC Chairman Gary Gensler has stated that the United States doesn’t need more digital currency.&amp; </li><li>Gensler has alleged that crypto’s business model is built on non-compliance with U.S. securities laws.&amp; </li><li>The SEC Chair believes that the US Dollar is the only digital currency the country needs.&amp; </li></ul><p>Gary Gensler, the man at the helm of the U.S. Securities and Exchange Commission (SEC), appeared in an <a href="https://www.youtube.com/watch?v=VKxXdUvMqAc" rel="nofollow noopener">interview</a> with CNBC’s Squawk on the Street earlier today to comment on the recent developments in the crypto market, including the two major enforcement actions initiated by his agency against <a href="https://en.ethereumworldnews.com/coinbase-cease-desist-order-sec-lawsuit/">Coinbase</a> and Binance over the past 24 hours. </p><h2><strong>Gary Gensler: US Dollar Is The Only Digital Currency We Need</strong></h2><p>When asked to comment on the crypto industry’s repeated demands for regulatory clarity, SEC Chair Gary Gensler claimed that clarity had been around for years and that crypto entities operating in the United States have to come into compliance with the country’s securities laws in the interest of investor protection. He added that the crypto trading platforms in the country were commingling several functions including operating as an exchange, hedge fund, market maker, etc.&amp; </p><p>Speaking on the most recent lawsuit, filed against American crypto giant Coinbase, Gary Gensler pointed out that the crypto exchange offered 16,000 crypto tokens for trading to its customers. Chair Gensler then called into question the utility and use cases of those tokens and their real underlying value.&amp; </p><blockquote class="wp-block-quote"><p>We don’t need more digital currency. We already have digital currency. It’s called the U.S. dollar. It’s called the euro or it’s called the yen; they’re all digital right now. We already have digital investments.” </p><cite>Gary Gensler, Chairman of the Securities and Exchange Commission</cite></blockquote><p>Gary Gensler alleged that the part of the crypto industry involving incumbents like Coinbase and Binance is built on a business model of non-compliance with United States securities laws. The SEC Chair took particular issue with the commingling of functions that would not be allowed in traditional finance. “The investing public has the benefit of U.S. securities laws. Crypto should be no different,” Chair Gensler added.</p>]]></description><link>https://m.coinsnews.com/gary-gensler-says-the-us-doesnt-need-more-digital-currency</link><guid>587393</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106941532-16316341932021-09-14t153527z_2081967076_rc2bpp99wqkq_rtrmadp_0_usa-congress-sec-770x514.jpeg</dc:content ><dc:text>Gary Gensler Says The US Doesn’t Need More Digital Currency</dc:text></item><item><title>Bitcoin NFTs Added To Binance Marketplace Post-SEC Crackdown</title><description><![CDATA[<img width="346" height="231" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations-269x180.jpg 269w" sizes="(max-width: 346px) 100vw, 346px" title="Bitcoin NFTs Added To Binance Marketplace Post-SEC Crackdown 23"><p>Summary: </p><ul><li>The Bitcoin network is now supported on the Binance NFT marketplace.</li><li>NFTs on Bitcoin are a hot new narrative capturing attention within BTC’s community and the broader crypto market narrative</li><li>Binance announced the feature hours after the U.S. SEC unleashed a lawsuit based on securities violations.</li><li>Coinbase was sued by the SEC alleging similar rule-breaking a day after.</li></ul><p>Binance, one of the world&#8217;s largest cryptocurrency exchanges, has <a href="https://www.binance.com/en/support/faq/supported-bitcoin-nft-collections-on-binance-566a47f0ad50498cb7fb4bc00a7f4ee2" target="_blank" data-type="URL" data-id="https://www.binance.com/en/support/faq/supported-bitcoin-nft-collections-on-binance-566a47f0ad50498cb7fb4bc00a7f4ee2" rel="noreferrer noopener nofollow">added</a> Bitcoin NFTs to its marketplace, just one day after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company. </p><p>The crypto exchange&#8217;s NFT marketplace will now support over 25 Bitcoin NFT collections including BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks. </p><p>NFTs on Bitcoin are a hot new narrative capturing attention within BTC’s community and the broader crypto market narrative. These digital collectibles became possible thanks to the Ordinals Protocol. </p><p>Users can leverage Ordinals to embed data like texts and images on the smallest unit of Bitcoin known as Satoshi through a process called &#8220;Inscription&#8221;. Inscriptions have boomed since they first debuted and now number over 1 million, per Dune Analytics data. NFTs on Bitcoin also picked up steam along with BRC-20 hype, a token standard for creating tokens akin to ERC-20 on Ethereum. </p><h2>Binance Unfazed By SEC Lawsuit</h2><p>Bitcoin NFTs on Binance NFT Marketplace rolled out less than 48 hours after the U.S. Securities and Exchange sued the crypto exchange for <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" rel="noreferrer noopener">operating an unregistered securities exchange</a>. CEO Chanpgeng Zhao or CZ was also sued for commingling funds, a similar accusation levied against FTX Founder Sam Bankman-Fried. </p><p>Binance responded by denying the allegations while chastizing the securities regulators for its misguided refusal to create clear and fair guidance for the nascent digital asset industry. </p><p>Similar to Binance, Coinbase was <a href="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-sues-coinbase-after-binance/" rel="noreferrer noopener">sued</a> by the SEC for unregistered securities trading and other securities violations. Indeed, the federal regulator has dropped the hammer on crypto companies in recent months. </p><p>The lawsuits also allege that cryptocurrencies like Solana&#8217;s SOL and Polygon&#8217;s MATIC are securities and therefore should fall under the purview of securities laws. Notably, none of the lawsuits against Binance, CZ, or Coinbase claim that ETH is a security. </p>]]></description><link>https://m.coinsnews.com/bitcoin-nfts-added-to-binance-marketplace-post-sec-crackdown</link><guid>587394</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/07/Binance-Served-E3.3-million-Fine-By-Dutch-Central-Bank-Crypto-License-Assessment-Underway-To-Remedy-Violations.jpg</dc:content ><dc:text>Bitcoin NFTs Added To Binance Marketplace Post-SEC Crackdown</dc:text></item><item><title>Coinbase May Face Cease &amp; Desist Orders From 10 States Following SEC’s Lawsuit</title><description><![CDATA[<img width="770" height="547" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-770x547.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase May Face Cease &amp; Desist Orders From 10 States Following SEC’s Lawsuit 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-770x547.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-300x213.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-1024x727.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-1536x1091.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-2048x1454.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-500x355.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-269x191.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-746x530.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-1376x977.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase May Face Cease &amp; Desist Orders From 10 States Following SEC’s Lawsuit 21"><ul><li>Ten US states have issued show cause orders to Coinbase in parallel action to the SEC’s lawsuit.&amp; </li><li>The Alabama Securities Commission has given Coinbase 28 days to respond to the allegations of selling unregistered securities.&amp; </li><li>The SEC charged the crypto giant for operating as an unregistered securities exchange in the United States.&amp; </li><li>Coinbase’s share price has tanked more than 20% in premarket trading following the lawsuit.&amp; </li></ul><p>The legal back and forth between the largest crypto exchange in the United States and the country’s top securities regulator has culminated in the filing of a lawsuit against Coinbase in New York federal court. The SEC has charged the firm for operating as an unregistered securities exchange, broker, and clearing agency. The regulator also charged the crypto exchange for selling unregistered securities through its staking service. In a parallel action, the Alabama Securities Commission has issued a show cause order to Coinbase.&amp; </p><h2><strong>Coinbase Stock Drops 20%</strong></h2><p>The Alabama Securities Commission (ASC) has given Coinbase 28 days to show cause why they should not be ordered to cease and desist from selling unregistered securities in the state. The ASC’s latest action is the result of a multi-state task force of ten state securities regulators including California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin. According to a <a href="https://asc.alabama.gov/News/2023%20News/6-6-2023_Coinbase.pdf" rel="nofollow noopener">press release</a> by the ASC, Coinbase has been accused of violating securities law by offering its staking rewards program accounts to the state’s investors.&amp; </p><p>News of the ASC’s show cause order broke soon after the SEC announced that it had sued Coinbase for operating its crypto-asset trading platform as an unregistered exchange and for failing to register offers and sales of its staking program. As per the SEC’s <a href="https://www.sec.gov/news/press-release/2023-102" rel="nofollow noopener">complaint</a>, the crypto exchange deprived its investors of disclosures and protections that come from registration, exposing them to significant risk. The securities regulator named 13 crypto assets offered on Coinbase as securities, namely SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.</p><blockquote class="wp-block-quote"><p>Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.”</p><cite>Gary Gensler, Chairman of the Securities and Exchange Commission</cite></blockquote><p>The SEC’s lawsuit against Coinbase prompted the company’s stock to drop more than 20% in premarket trading. The share price recovered slightly after market open and is currently trading at $48.8. On one hand, the SEC’s lawsuit alleged that Coinbase operated as an unregistered broker since 2019. On the other hand, the U.S. government has used the crypto exchange to sell billions worth of BTC since 2019. The company’s Chief Legal Officer Paul Grewal is set to <a href="https://en.ethereumworldnews.com/coinbase-testify-congressional-committee/">testify</a> before the U.S. House Committee on Agriculture later today.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-may-face-cease-desist-orders-from-10-states-following-secs-lawsuit</link><guid>587343</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/GettyImages-82880353-064135cb483940ff9230420d095b6d31-770x547.jpg</dc:content ><dc:text>Coinbase May Face Cease &amp; Desist Orders From 10 States Following SEC’s Lawsuit</dc:text></item><item><title>SEC Sues Coinbase After Binance</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos.png 860w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Sues Coinbase After Binance 24"><p>Summary: </p><ul><li>&#8220;Coinbase has never registered with the SEC&#8221; as a securities exchange, the U.S. Securities and Exchange Commission filed in its lawsuit against America&#8217;s biggest crypto exchange.</li><li>The SEC again listed several crypto tokens like SOL and MATIC as securities in the 101-page document filed in New York&#8217;s Southern District.</li><li>Both Coinbase and Binance have now been sued by the SEC for operating an unlicensed securities exchange on U.S. soil.</li></ul><p>The U.S. Securities and Exchange Commission (SEC) <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf" rel="noreferrer noopener nofollow">alleges</a> that Coinbase operates an unregistered securities exchange, brokerage service, and clearing agency. Gary Gensler&#8217;s SEC announced the lawsuit against Coinbase a day after suing industry competitor Binance and its CEO Changpeng Zhao for similar violations. </p><blockquote class="wp-block-quote"><p>The Coinbase Platform merges three functions that are typically separated in traditional securities markets—those of brokers, exchanges, and clearing agencies. Yet, Coinbase has never registered with the SEC as a broker, national securities exchange, or clearing agency.</p></blockquote><h2>SEC Strikes Again</h2><p>According to the SEC, Coinbase generated billions in revenue while evading the disclosure regime overseeing the U.S. securities market. Similar to its suit against crypto exchange Binance, the SEC lists several tokens as unregistered crypto securities available for trading on Coinbase. </p><p>The Commission listed 13 tokens in today&#8217;s lawsuit with no mention of ETH, the same as the Binance lawsuit, although the court document states that the security label is not limited to the tokens mentioned. </p><p>The SEC named SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO in court documents. Violations tied to staking services offered by the publicly listed crypto exchange were filed 101-page document as well.</p><figure class="wp-block-image size-large"><img width="1024" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-1024x1024.png" alt="SEC Sues Coinbase After Binance 12" class="wp-image-582594" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Fx8ID4EWcAAKWdk.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" title="SEC Sues Coinbase After Binance 23"><figcaption>Image &#8211; <a href="https://twitter.com/SECGov" rel="nofollow noopener">@SECGov</a> Twitter</figcaption></figure><p>Crypto prices slumped further following the SEC&#8217;s double-barrel enforcement action against crypto&#8217;s largest centralized exchanges. COIN dropped 15% during pre-trading hours on the back of the SEC&#8217;s lawsuit. </p><blockquote class="wp-block-quote"><p>Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC.</p><cite>&#8211; SEC Chair Gary Gensler On Coinbase Lawsuit</cite></blockquote><p>The San Francisco-based crypto exchange received a &#8220;show cause order&#8221; from 10 state securities regulators. This means the company has 28 days to convince state regulators not to serve a &#8220;cease and desist&#8221; order for unregistered securities sales. The multi-state action includes securities regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin.</p><h2>First Binance, Now Coinbase</h2><p>Today&#8217;s lawsuit comes hours after Binance was <a href="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-cz-vigorously-litigate-sec/" target="_blank" rel="noreferrer noopener">accused </a>of similar violations. In Binance&#8217;s case, its CEO Changpeng Zhao was also sued. The SEC claimed Binance commingled corporate and client cash in a U.S. entity wholly controlled by CZ.</p><p>&#8220;We intend to defend our platform vigorously,&#8221; Binance responded. CEO Zhao tweeted &#8220;4&#8221;, his popular code for FUD. </p><p>Binance&#8217;s response echoed rhetoric from Brian Armstrong and his company arguing that the SEC would rather regulate the nascent industry through blunt misguided enforcement action than <a href="https://www.cnbc.com/2023/05/08/coinbase-ceo-on-us-crypto-regulation-sec-lawsuit-international-plans.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2023/05/08/coinbase-ceo-on-us-crypto-regulation-sec-lawsuit-international-plans.html" rel="noreferrer noopener">engage</a> stakeholders toward developing fair guidance for crypto assets. </p>]]></description><link>https://m.coinsnews.com/sec-sues-coinbase-after-binance</link><guid>587344</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/SEC-Chief-Gary-Gensler-Backs-CFTC-Oversight-For-Non-Security-Cryptos-770x513.png</dc:content ><dc:text>SEC Sues Coinbase After Binance</dc:text></item><item><title>Coinbase’s Legal Chief To Testify Before US Congressional Committee</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase’s Legal Chief To Testify Before US Congressional Committee 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo.jpg 929w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase’s Legal Chief To Testify Before US Congressional Committee 20"><ul><li>Paul Grewal, the Chief Legal Officer at Coinbase, is set to appear before the U.S. House Committee on Agriculture.&amp; </li><li>The crypto giant’s legal chief will emphasize the need for clear crypto regulations.&amp; </li><li>Grewal will also underscore the importance of the recently unveiled Digital Asset Market Structure bill.</li><li>Introduced by House Republicans last week, the bill calls for a comprehensive regulatory regime for the crypto industry.&amp; </li></ul><p>Paul Grewal, the Chief Legal Officer at Coinbase Global Inc. is set to testify before the United States House Committee on Agriculture later today. As the legal chief for the largest crypto exchange in the United States, Grewal will emphasize the need for clear regulations for the crypto industry. The lawyer will also underscore the importance of the Digital Asset Market Structure discussion draft, which was <a href="https://en.ethereumworldnews.com/u-s-lawmakers-regulatory-crypto-bill/">introduced</a> by House Republicans last week. </p><h2><strong>Coinbase: Proposed Bill Needed For Balanced Crypto Regulations</strong></h2><p>Paul Grewal took to Twitter recently to inform his followers about his upcoming appearance on Capitol Hill. The Coinbase executive also shared a <a href="https://www.coinbase.com/blog/we-need-clear-rules-for-crypto-to-protect-american-leadership-and-consumers" rel="nofollow noopener">summary</a> of the testimony that he plans to deliver before the Congressional committee. Grewal stated that he will use the opportunity to present his company’s views on the Digital Asset Market Structure Discussion Draft, which was unveiled by House Agriculture Committee Chairman G.T. Thompson and Financial Services Committee Chairman Patrick McHenry last week. </p><p>Grewal stated that his testimony would revolve around three key topics: The U.S. falling behind due to a lack of clear regulations leading to the departure of crypto innovation, Crypto is solving real-world problems, and a clear path is needed in order to protect responsible innovation, and that the Digital Asset Market Structure bill is a strong step towards regulatory clarity for the crypto industry.&amp; </p><blockquote class="wp-block-quote"><p>Coinbase believes the Digital Asset Market Structure Discussion Draft is a good first step in developing a workable and balanced regulatory regime designed for crypto.” </p><cite>Paul Grewal, Chief Legal Officer at Coinbase</cite></blockquote><p>Paul Grewal plans to highlight the developments made in the European Union, the UK, Singapore, and China (through Hong Kong) in terms of crypto regulation, translating to a potential threat to the United States&#8217; economic future and national security. The Coinbase executive will also highlight how the Discussion Draft will benefit and protect the over 20% of Americans that own and use crypto assets.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbases-legal-chief-to-testify-before-us-congressional-committee</link><guid>587197</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg</dc:content ><dc:text>Coinbase’s Legal Chief To Testify Before US Congressional Committee</dc:text></item><item><title>Bankruptcy Judge Extends Genesis’ Mediation Period, Denies Entry To FTX</title><description><![CDATA[<img width="720" height="406" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bankruptcy Judge Extends Genesis’ Mediation Period, Denies Entry To FTX 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d.jpg 720w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d-500x282.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d-269x152.jpg 269w" sizes="(max-width: 720px) 100vw, 720px" title="Bankruptcy Judge Extends Genesis’ Mediation Period, Denies Entry To FTX 22"><ul><li>The judge overseeing Genesis Global’s bankruptcy case has extended its mediation period.&amp; </li><li>FTX’s request to join the court-appointed mediation talks has been denied by bankruptcy Judge Sean Lane.&amp; </li><li>Arguments on FTX’s $3.9 billion claim, which was previously denied by the bankrupt crypto lender, will be heard next week.&amp; </li></ul><p>In a major victory for Genesis Global Holdco, the judge overseeing its bankruptcy case has granted its request for an extension of the court-appointed mediation process. The bankrupt crypto lender’s confidential mediation sessions, which were attended by its parent company Digital Currency Group (DCG) and creditors, including the Winklevoss-owned crypto exchange Gemini, have been extended in order for the parties to come up with a revised plan to pay its creditors.&amp; </p><h2><strong>Genesis Judge Denies FTX’s Request To Join Mediation Talk</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-06-05/genesis-judge-rejects-ftx-demand-to-join-crypto-bankruptcy-talks" rel="nofollow noopener">Bloomberg</a>, bankruptcy Judge Sean Lane has allotted more time for Genesis to come up with a payout plan along with some of its biggest creditors including Gemini. The outcome of this court-appointed mediation period, which has been extended to June 16, 2023, would form the basis of a Chapter 11 bankruptcy plan that would dictate the repayment to the bankrupt crypto lender’s creditors. </p><blockquote class="wp-block-quote"><p>There will be a certain amount of radio silence because mediation needs that to work. Shortening the mediation does not shorten the case.” </p><cite>Bankruptcy Judge Sean Lane</cite></blockquote><p>Judge Lane further ruled that FTX, which claims to be Genesis’ largest unsecured creditor with a whopping $3.9 billion in outstanding claims, cannot join the <a href="https://en.ethereumworldnews.com/ftx-object-to-genesis-mediation-extension/">mediation process</a> which began last month. Genesis previously estimated FTX’s multi-billion dollar claim at zero and asked the judge to set up a months-long process to recalculate the value of FTX’s claims. The bankruptcy judge will deliver a ruling in this matter at a hearing scheduled for next week. </p><p>The bankrupt crypto lender also owes more than $1.1 billion to Gemini’s Earn Users. Genesis’ request for an extension of the mediation period drew opposition from some of the Earn Users last week. However, Gemini assured its customers that an extension of the mediation period would not cause any delay.&amp; </p>]]></description><link>https://m.coinsnews.com/bankruptcy-judge-extends-genesis-mediation-period-denies-entry-to-ftx</link><guid>587198</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/98f66407e1e20226a48ff3f6463faa4d.jpg</dc:content ><dc:text>Bankruptcy Judge Extends Genesis’ Mediation Period, Denies Entry To FTX</dc:text></item><item><title>Judicial Panel Orders Consolidation Of Lawsuits Against FTX’s Backers And Endorsers</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-770x578.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Judicial Panel Orders Consolidation Of Lawsuits Against FTX’s Backers And Endorsers 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-770x578.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-300x225.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-1024x768.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-1536x1152.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-2048x1536.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-500x375.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-269x202.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-746x560.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-1376x1032.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Judicial Panel Orders Consolidation Of Lawsuits Against FTX’s Backers And Endorsers 21"><ul><li>A judicial panel has ordered the consolidation of the lawsuits against FTX’s financial backers and celebrity promoters.&amp; </li><li>A multi-district litigation has been created before a U.S. District Judge in Miami, the bankrupt exchange’s former headquarters.&amp; </li><li>The latest decision came after the plaintiffs requested the creation of a multi-district litigation last month.&amp; </li></ul><p>In a small victory to FTX’s victims, the numerous lawsuits against the Bahamas-based bankrupt crypto exchange’s investors and promoters have been consolidated before a single federal judge in Florida, United States. The consolidation came after a judicial panel ordered the creation of a multi-district litigation, something that the plaintiffs had requested last month during a hearing in Philadelphia.&amp; </p><h2><strong>Multi-District Litigation Against FTX Can Reduce Costs, Fast Track Resolution</strong></h2><p>According to a report by <a href="https://www.bnnbloomberg.ca/ftx-s-celebrity-vc-backers-to-face-consolidated-suits-in-miami-1.1929093" rel="nofollow noopener">Bloomberg</a>, a judicial panel ordered the consolidation of the lawsuits against FTX’s financial backers and celebrity endorsers before U.S. District Judge Michael Moore in Miami earlier today. The judicial panel picked Miami for the multi-district litigation, given that it served as the crypto exchange’s headquarters before it filed for Chapter 11 bankruptcy in November last year. </p><p>The numerous lawsuits and class-actions filed against venture capital and private equity firms, including Sequoia Capital and Thoma Bravo have been consolidated. These firms were sued by <a href="https://en.ethereumworldnews.com/met-museum-new-york-return-ftx-donations/">FTX</a> customers for enabling co-founder Sam Bankman-Fried by investing in his crypto venture. The multi-district litigation also includes the lawsuits filed against the bankrupt crypto exchange’s celebrity promoters, including NFL star Tom Brady, NBA Hall of Famer Shaquille O’Neal, and Shark Tank host Kevin O’Leary. While FTX has been protected from litigation since it filed for Chapter 11 in Delaware, the protection doesn’t extend to third parties that allegedly enabled the exchange’s activities. </p><p>The multi-district litigation is expected to reduce costs associated with the legal proceedings by eliminating duplicative pre-trial document exchanges and providing a venue for test trials to weigh the value of claims. The MDL was requested by lawyers representing the plaintiffs during a hearing last month. The lawyers argued that the sheer amount of lawsuits against FTX-affiliated parties had made the litigation “unwieldy.”. </p>]]></description><link>https://m.coinsnews.com/judicial-panel-orders-consolidation-of-lawsuits-against-ftxs-backers-and-endorsers</link><guid>587161</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/img_2001-scaled-1-770x578.jpg</dc:content ><dc:text>Judicial Panel Orders Consolidation Of Lawsuits Against FTX’s Backers And Endorsers</dc:text></item><item><title>Tether Invests In El Salvador’s $1 Billion Bitcoin Mining Project</title><description><![CDATA[<img width="750" height="500" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tether Invests In El Salvador’s $1 Billion Bitcoin Mining Project 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8.jpg 750w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8-269x179.jpg 269w" sizes="(max-width: 750px) 100vw, 750px" title="Tether Invests In El Salvador’s $1 Billion Bitcoin Mining Project 21"><ul><li>Tether has joined El Salvador’s Volcano Energy project to develop a Bitcoin mining farm.&amp; </li><li>The billion-dollar project aims to tap into El Salvador’s renewable energy sources to support sustainable Bitcoin mining.&amp; </li><li>The stablecoin giant clarified that its investment in Volcano Energy will not utilize or impact the reserves that support USDT.&amp; </li><li>The latest move is in line with Tether’s recent push towards energy innovation and sustainable BTC mining.&amp; </li></ul><p>Tether, the crypto giant behind the world’s largest stablecoin, has made a sizable investment in El Salvador’s Volcano Energy. Volcano Energy is a $1 billion venture to establish a Bitcoin mining farm powered by renewable energy. The billion-dollar project aims to integrate solar and wind projects in Metapán’s volcanic region to create a 241-megawatt renewable energy generation park.&amp; </p><h2><strong>Tether: Investment In Volcano Energy Will Not Impact USDT Reserve</strong></h2><p>According to a <a href="https://tether.to/en/tether-participates-in-1-billion-investment-to-build-the-worlds-largest-bitcoin-mining-farm-in-el-salvador/" rel="nofollow noopener">press release</a> from Tether earlier today, the stablecoin giant invested an undisclosed amount in Volcano Energy’s first funding round of $250 million, paving the way for developing one of the world’s largest Bitcoin mining farms. A spokesperson for the stablecoin firm declined to confirm if the investment was being made in the form of USDT. The spokesperson assured that the investment would not utilize or impact the reserves that back its USDT stablecoin. </p><p>The site chosen by Volcano Energy for the billion-dollar renewable energy park is located in Metapán’s El Chiste region, which will be divided between 169 MW of photovoltaic solar energy and 72 MW of wind energy. The combined 241 MW output will create an initial computation power of over 1.3 EH/s. Tether stated that it will provide capital as well as expertise in energy, hardware, and communications to help develop Volcano Energy’s new facility.&amp; </p><blockquote class="wp-block-quote"><p>We are excited to be among the initial pioneers of renewable energy in El Salvador as an equity investor and advisor. This investment continues Tether’s journey in diversifying its strategic ecosystem.” </p><cite>Paolo Ardoino, Chief Technology Officer at Tether. </cite></blockquote><p>The USDT issuer’s latest investment is in line with its recent push toward energy innovation and sustainable BTC mining. Last week the firm <a href="https://en.ethereumworldnews.com/tether-btc-mining-in-uruguay/">invested</a> in energy production and the launch of sustainable Bitcoin mining operations in Uruguay. </p>]]></description><link>https://m.coinsnews.com/tether-invests-in-el-salvadors-1-billion-bitcoin-mining-project</link><guid>587106</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/cover_8.jpg</dc:content ><dc:text>Tether Invests In El Salvador’s $1 Billion Bitcoin Mining Project</dc:text></item><item><title>Met Museum In New York To Return FTX Donations Worth $550,000</title><description><![CDATA[<img width="770" height="770" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-500x500.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-293x293.png 293w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Met Museum In New York To Return FTX Donations Worth $550,000 19"><p>Summary: </p><ul><li>The New York Metropolitan Museum is set to return over half a million dollars donated by bankrupt crypto exchange FTX in March and May of 2022.</li><li>Court documents noted that the Museum will return the FTX donations in full and without further litigation.</li><li>Commentators believe the move is meant to distance the museum from the FTX debacle and possible legal implications. </li><li>The crypto exchange is also making efforts to claw back funds donated to entities and political candidates while founder Sam Bankman-Fried controlled the once multi-billion dollar crypto empire. </li></ul><p>The Metropolitan Museum of Art in New York City is set to <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.1562.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.1562.0.pdf" rel="noreferrer noopener nofollow">return</a> $550,000 in donations it received in March and May last year from FTX’s U.S. entity West Realm Shires Services, court documents show.</p><p>Under founder Sam Bankman-Fried, the bankruptcy crypto exchange donated millions of dollars to firms, entities, and political candidates through a system of affiliates. </p><p>The Met&#8217;s decision to return the funds is part of a larger effort to distance itself from the controversy surrounding FTX. The move has been praised by some as a demonstration of the museum&#8217;s commitment to ethical fundraising practices. However, others have criticized the decision, arguing that it sets a potentially problematic precedent for other cultural institutions.</p><p>This is not the first time that the Met has returned donations. In 2018, the museum returned a $1 million donation from the Sackler family, who were involved in the production of OxyContin.</p><h2>FTX Donation Headache</h2><p>The bankruptcy estate made efforts to recover donations made to political candidates and other donors after taking over in November last year. While it&#8217;s unclear if and how these donations might be returned, charges against Bankman-Fried like fraud and campaign finance violation indicate a need for donors to assess the funds they received from FTX. </p><p>FTX&#8217;s founder Sam Bankman-Fried is awaiting trial on 13 counts including defrauding customers and investors. SBF pleaded &#8220;not guilty&#8221; to most of the charges while other former execs like Caroline Ellison and Nishad Singh tried to reach plea deals with federal prosecutors. </p><p>SBF is under home arrest on a $250 million bail bond pending trial proceedings this October. </p><p>In other news, the U.S. Justice Department Trustee branch is pushing for a <a href="https://en.ethereumworldnews.com/trustee-insists-ftx-independent-examiner/" data-type="URL" data-id="https://en.ethereumworldnews.com/trustee-insists-ftx-independent-examiner/" target="_blank" rel="noreferrer noopener">court-appointed independent examiner</a> to dig into FTX&#8217;s books and file a report like in the case of Celsius. </p>]]></description><link>https://m.coinsnews.com/met-museum-in-new-york-to-return-ftx-donations-worth-550000</link><guid>587107</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png</dc:content ><dc:text>Met Museum In New York To Return FTX Donations Worth $550,000</dc:text></item><item><title>Binance Prepared To “Vigorously” Litigate After SEC Lawsuit</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-1024x683.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-1536x1024.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-2048x1365.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-1155x770.png 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-1131x754.png 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-1376x917.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Prepared To “Vigorously” Litigate After SEC Lawsuit 22"><p>Summary: </p><ul><li>The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange.</li><li>Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit against Binance.</li><li>CEO Zhao replied “4” calling the lawsuit FUD and the crypto exchange said it’s ready to “defend our platform vigorously” in an official response to the SEC’s claim.</li></ul><p>The U.S. Securities and Exchange Commission is <a href="https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf" target="_blank" data-type="URL" data-id="https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf" rel="noreferrer noopener nofollow">suing</a> Binance and its CEO Changpeng Zhao for breaking securities laws and commingling billions of customers funds in a U.S. entity controlled by Zhao. </p><p>Per the lawsuit, Binance and its executives knowingly operated an unlicensed securities exchange in the U.S. The court documents filed at a federal court reference a quote from a former Chief Compliance Officer who allegedly admittedly in December 2018 to running an illegal securities exchange on American soil &#8211; <em><strong>&#8220;we are operating as a fking unlicensed securities exchange in the USA bro&#8221;.</strong></em></p><p>The SEC&#8217;s suit against Binance also raises concerns for the classification of crypto assets in the future. Indeed, the suit issued the securities label for a basket of cryptocurrencies including BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. </p><p>The news follows speculations that CEO Zhao otherwise known by his initials CZ could step down as CEO. Cryptocurrency prices slid on the back of the news with Bitcoin (BTC) and the total crypto market cap both down over 5% in a matter of hours. BTC dipped below $25,000 and tokens like SOL recorded double-digit losses at press time.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-1024x417.png" alt="Binance Prepared To “Vigorously” Litigate After SEC Lawsuit 14" class="wp-image-582568" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-05_18-18-55.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Binance Prepared To “Vigorously” Litigate After SEC Lawsuit 21"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><h2>Binance Responds</h2><p>CZ tweeted &#8220;4&#8221; shortly after the news broke, essentially calling the lawsuit FUD and said that the Binance team was maintaining steady operations for users. <a href="https://nansen.ai/" target="_blank" data-type="URL" data-id="https://nansen.ai/" rel="noreferrer noopener nofollow">Nansen</a> data showed over $69 million in net outflows following news about the SEC&#8217;s lawsuit. </p><p>The <a href="https://www.binance.com/en/blog/ecosystem/sec-complaint-aims-to-unilaterally-define-crypto-market-structure-8707489117122437402" target="_blank" data-type="URL" data-id="https://www.binance.com/en/blog/ecosystem/sec-complaint-aims-to-unilaterally-define-crypto-market-structure-8707489117122437402" rel="noreferrer noopener nofollow">official response</a> from Binance said the suit serves as an example of the SEC&#8217;s &#8220;misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry.&#8221; Binance denied that user assets have ever been at risk and said the company is ready to &#8220;defend our platform vigorously.&amp; &#8220;</p><blockquote class="wp-block-quote"><p>Today’s action is another in a line of examples where, as with other crypto projects facing similar suits, the Commission has determined to regulate with the blunt weapons of enforcement and litigation rather than the thoughtful, nuanced approach demanded by this dynamic and complex technology. Unilaterally labeling certain tokens and services as securities – even ones over which other U.S. authorities have asserted jurisdiction – only compounds these problems.</p></blockquote><p>The SEC&#8217;s filing shadows a lawsuit from the U.S. Commodity Futures Trading Commission <a href="https://www.cnbc.com/2023/03/27/binance-and-founder-changpeng-zhao-sued-by-cftc-for-allegedly-violating-trading-rules.html" data-type="URL" data-id="https://www.cnbc.com/2023/03/27/binance-and-founder-changpeng-zhao-sued-by-cftc-for-allegedly-violating-trading-rules.html" target="_blank" rel="noreferrer noopener">alleging</a> that Binance violated American derivatives laws. Several crypto entities like Coinbase and Kraken have also been the subject of enforcement action from U.S. regulators across federal and state lines. </p><p>Previous <a href="https://en.ethereumworldnews.com/prosecutors-fraud-charges-binance-cz/" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutors-fraud-charges-binance-cz/" target="_blank" rel="noreferrer noopener">reports</a> also suggest that more enforcement actions against Binance, CZ, and other crypto players could be on the way as U.S. regulators tighten the noose around crypto.</p>]]></description><link>https://m.coinsnews.com/binance-prepared-to-vigorously-litigate-after-sec-lawsuit</link><guid>587108</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Prepared-To-Vigorously-Litigate-After-SEC-Lawsuit-770x513.png</dc:content ><dc:text>Binance Prepared To “Vigorously” Litigate After SEC Lawsuit</dc:text></item><item><title>Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15%</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Multichain" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-1024x682.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-1536x1024.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-2048x1365.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-1155x770.png 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-1131x754.png 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-1376x917.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15% 21"><p>Summary: </p><ul><li>On-chain data showed that multichain transactions on Polygon, Avalanche, zkSync Era, and Kava networks resumed on Monday.</li><li>Cross-chain services across 11 chains remain suspended as the team announced last month.</li><li>Users first reported abnormal activity and stuck transactions on May 21, prompting exits from investors and ecosystem stakeholders in the following days.</li><li>The MULTI token increased 46% in price on June 5 after activity resumed across these four chains.</li><li>Monday&#8217;s activity could suggest that the project&#8217;s CEO is in touch with the team.</li></ul><p>Multichain transactions on Polygon, Avalanche, Zksync Era, and Kava networks resumed on Monday, June 5 data from on-chain explorers <a href="https://twitter.com/lookonchain/status/1665679044988264448?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/lookonchain/status/1665679044988264448?s=20" rel="noreferrer noopener nofollow">showed</a>. </p><p>The project&#8217;s token MULTI jumped from $3.5 to $5.1 and back to $4, a 15-46% increase in price following the news.</p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-1024x417.png" alt="Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15% 13" class="wp-image-582555" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/MULTIUSDT_2023-06-05_13-38-16.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15% 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/MULTIUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/MULTIUSDT/" rel="noreferrer noopener">MULTI/USDT by TradingView</a></strong></figcaption></figure><p>Cross-chain services across 11 chains remain suspended as the team announced last month. These chains include Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq.</p><p>Monday&#8217;s activity spurred speculations that CEO Zhaojun possibly made contact with the team. Rumors previously suggested that police in China arrested Zhaojun and other core members of Multichain&#8217;s team. </p><h2>Multichain Bridge Breakdown</h2><p>Users first reported abnormal activity and stuck transactions on May 21, prompting exits from investors like Haskey and ecosystem stakeholders like Fantom in the following days. Uncertainty surrounding the cross-chain protocol reached a fever pitch after the team claimed a &#8220;Force Majeure&#8221; was the cause for delayed transactions. </p><p>The team also went silent amid rumors that CEO Zhaojun was arrested in Chain although the news was never confirmed. MULTI&#8217;s market value fell 60% during this period and exchanges like Binance <a href="https://en.ethereumworldnews.com/deposits-halted-binance-multichain/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/deposits-halted-binance-multichain/" rel="noreferrer noopener">halted</a> deposits/withdrawals for Multichain-bridged tokens</p><p>On May 31, the Multichain (formerly Anyswap) team suspended service to 11 cross-chain bridges. The notice said that Zhaojun was still unreachable at the time and could not approve server access needed for protocol maintenance. </p><blockquote class="wp-block-quote"><p>The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance.</p></blockquote>]]></description><link>https://m.coinsnews.com/multichain-bridge-transactions-resume-on-four-chains-multi-up-15</link><guid>587049</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Multichain-Bridge-Transactions-Resume-On-Four-Chains-MULTI-Up-15-770x513.png</dc:content ><dc:text>Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15%</dc:text></item><item><title>Do Kwon Again Granted 400K Bail In Montenegro Travel Paper Forgery Case</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-300x199.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-500x332.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-746x495.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says.jpg 791w" sizes="(max-width: 770px) 100vw, 770px" title="Do Kwon Again Granted 400K Bail In Montenegro Travel Paper Forgery Case 23"><p>Summary: </p><ul><li>TerraUSD creator Do Kwon secured his $428,000 bail from a Montenegro court in a third round of judiciary negotiations.</li><li>The initial approved order from a Basic Court was previously voided by a High Court arguing flight risks and Do Kwon&#8217;s abundant resources.</li><li>Courts in Montenegro could issue a five-year sentence to the former Terraform executives if convicted on travel paper forgery charges.</li><li>South Korean and U.S. governments have requested Kwon&#8217;s extradition after his multi-billion dollar crypto juggernaut crashed last summer.</li></ul><p>A Montenegro court <a href="https://sudovi.me/ospg/sadrzaj/VLVL" target="_blank" data-type="URL" data-id="https://sudovi.me/ospg/sadrzaj/VLVL" rel="noreferrer noopener nofollow">granted</a> bail worth $428,000 each for Terraform Founder Do Kwon and former CFO Han Chang-Joon after a High Court voided the initial approval. </p><p>Kwon and Han were arrested in March just before they boarded a private plane flying to Dubai in the UAE. The former Terraform Labs executives were detained with allegedly forged passports and travel documents. An Interpol Office in Brussels confirmed that the documents were fake while South Korean authorities confirmed Kwon&#8217;s identity after an ID was examined. </p><p>A lawyer representing Kwon and Han requested bail in the amount of 400,000 euros for each individual. Prosecutors <a href="https://en.ethereumworldnews.com/do-kwon-bail-appealed-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-bail-appealed-montenegro/" rel="noreferrer noopener">countered</a> that the amount was insignificant and raised flight risk concerns. The request was <a href="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" rel="noreferrer noopener">approved</a> by a Basic Court in Podgorica a day after and <a href="https://en.ethereumworldnews.com/do-kwon-bail-denied-montenegro-high-court/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-bail-denied-montenegro-high-court/" rel="noreferrer noopener">annulled</a> by a Montenegro High Court nearly a week later.</p><p>The latest court approval means that Do Kwon will be released after paying $428,000 in bail pending a court hearing on June 16. A Montenegro court could sentence Kwon to five years in prison if prosecutors secure a conviction on forgery charges. </p><h2>Do Kwon&#8217;s Charges</h2><p>Elsewhere Do Kwon faces criminal prosecution in at least the U.S. and South Korea. Governments from both countries requested Do Kwon&#8217;s extradition from Montenegro. It&#8217;s undecided where prosecutors will first get to arraign Kwon although <a href="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" target="_blank" rel="noreferrer noopener">South Korean authorities are pushing for extradition</a>.</p><p>Assets tied to Do Kwon worth $175 million were seized in South Korea while his co-founder Daniel Shin is currently on trial. Shin claims he left Terraform Labs before the company&#8217;s multi-billion dollar crash. </p><p>The SEC already <a href="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" rel="noreferrer noopener">filed</a> charges including securities fraud and wire fraud in the U.S.</p>]]></description><link>https://m.coinsnews.com/do-kwon-again-granted-400k-bail-in-montenegro-travel-paper-forgery-case</link><guid>587050</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg</dc:content ><dc:text>Do Kwon Again Granted 400K Bail In Montenegro Travel Paper Forgery Case</dc:text></item><item><title>FTX Objects To Genesis’ Proposed Mediation Extension</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Objects To Genesis’ Proposed Mediation Extension 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="FTX Objects To Genesis’ Proposed Mediation Extension 20"><ul><li>FTX has filed an objection to the mediation extension proposed by Genesis Global.&amp; </li><li>As Genesis’ largest creditor, the crypto exchange took issue with not being included in the mediation process.&amp; </li><li>The bankrupt exchange has also objected to having its unliquidated claims estimated at zero by Genesis.</li></ul><p>FTX Trading Ltd. and its debtor-affiliates have joined a group of creditors of bankrupt crypto lender Genesis Global to oppose the extension of the mediation period proposed by the latter. Claiming to be Genesis’ largest unsecured creditor, the Bahamas-based bankrupt crypto exchange filed an objection to Genesis’ proposed mediation extension.&amp; </p><h2><strong>FTX Objects To Genesis Marking Down Its $3.9 Billion Claim</strong></h2><p>According to the <a href="https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/reIlzLM9ae4Q/v0" rel="nofollow noopener">filing</a> made with the U.S. Bankruptcy Court for the Southern District of New York earlier today, the FTX debtors asserted that they were the largest creditors in Genesis’ Chapter 11 proceedings with claims of a whopping $3.9 billion. The filing was made in response to a motion filed by Genesis Global late on Thursday night, which sought to estimate the FTX debtors’ claims at $0.00. </p><p>FTX stated in the filing that Genesis’ motion was filed without any advance notice to the bankrupt crypto exchange and its affiliated debtors. Genesis described the motion as critical in order to avoid undue delay and “expeditiously pursue confirmation of a chapter 11 plan”. FTX highlighted that the Chapter 11 plan in question remained undisclosed and was under negotiation among creditors in the mediation party that were hand-picked by Genesis.&amp; </p><blockquote class="wp-block-quote"><p>The mediation is a waste of estate resources without the inclusion of the FTX Debtors and should not continue without the FTX Debtors’ involvement.” </p><cite>FTX Trading and affiliated debtors</cite></blockquote><p><a href="https://en.ethereumworldnews.com/ftx-prosecutors-drop-criminal-charges-sbf/">FTX</a> also took issue with not being included in Genesis’ court-appointed mediation process that took place in May. The mediation process included other parties to the bankrupt crypto lender’s Chapter 11 process including Genesis&#8217; parent firm Digital Currency Group and the Winklevoss-owned crypto exchange Gemini. FTX’s objection to the mediation extension was accompanied by over a dozen other parties who are owed millions by Genesis. A hearing on the mediation extension is scheduled for June 5, 2023. </p>]]></description><link>https://m.coinsnews.com/ftx-objects-to-genesis-proposed-mediation-extension</link><guid>586479</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Genesis-FTX-shutterstock_2229627649-16x9-1-gID_1-770x433.jpg</dc:content ><dc:text>FTX Objects To Genesis’ Proposed Mediation Extension</dc:text></item><item><title>Marathon Digital’s Bitcoin Mining Output Up 77% In May</title><description><![CDATA[<img width="311" height="162" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.png" class="webfeedsFeaturedVisual wp-post-image" alt="Marathon Digital’s Bitcoin Mining Output Up 77% In May 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.png 311w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-300x156.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download-269x140.png 269w" sizes="(max-width: 311px) 100vw, 311px" title="Marathon Digital’s Bitcoin Mining Output Up 77% In May 22"><ul><li>Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month.&amp; </li><li>The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees.&amp; </li><li>The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.&amp; </li><li>Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics.&amp; </li></ul><p>Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction <a href="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/">fees</a> thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward. </p><h2><strong>Marathon Digital’s Share Price Up 7%</strong></h2><p>According to the unaudited Bitcoin production and miner installation updates <a href="https://www.globenewswire.com/news-release/2023/06/02/2681012/0/en/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-May-2023.html" rel="nofollow noopener">published</a> by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million. </p><blockquote class="wp-block-quote"><p>With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.” </p><cite>Fred Thiel, Chairman and CEO of Marathon Digital Holdings</cite></blockquote><p>Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.&amp; </p>]]></description><link>https://m.coinsnews.com/marathon-digitals-bitcoin-mining-output-up-77-in-may</link><guid>586454</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/download.png</dc:content ><dc:text>Marathon Digital’s Bitcoin Mining Output Up 77% In May</dc:text></item><item><title>U.S. Lawmakers Push For Regulatory Clarity With New Crypto Bill</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. Lawmakers Push For Regulatory Clarity With New Crypto Bill 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="U.S. Lawmakers Push For Regulatory Clarity With New Crypto Bill 20"><ul><li>U.S. lawmakers Rep. Patrick McHenry and Rep. Glenn Thompson have introduced a new bill calling for clear crypto regulations.&amp; </li><li>The proposed legislation would protect crypto assets from enforcement actions until regulators set up new rules for the industry.&amp; </li><li>The bill would also allow broker-dealers to take custody of crypto assets.&amp; </li><li>U.S. House Republicans are also calling for studies on decentralized finance and NFTs.&amp; </li></ul><p>U.S. House Republicans have introduced a new bill in Congress that calls for a comprehensive regulatory regime for digital assets and oversight of the crypto industry in the interest of regulatory clarity. The legislation, put forward by Congressman Patrick McHenry and Congressman Glenn Thompson, has emerged as the most important draft bill for crypto this year.&amp; </p><h2><strong>New Crypto Bill Would Let SEC Decide Which Assets Are Securities</strong></h2><p>According to a report by <a href="https://www.coindesk.com/policy/2023/06/02/us-house-republicans-push-for-crypto-oversight-with-bill-to-make-sec-play-ball/" rel="nofollow noopener">Coindesk</a>, the draft bill was unveiled in Congress earlier today by Republican lawmakers. In what is being described as the most important legislation for crypto this year so far, the bill meets a lot of the demands that have been made by the crypto industry. The proposed legislation would help crypto exchanges operating in the United States to register with the Securities and Exchange Commission (<a href="https://en.ethereumworldnews.com/coinbase-manager-sec-settle-civil-charges/">SEC</a>). It would also allow the exchanges to trade digital securities, commodities, and stablecoins under the same roof. </p><p>However, the draft bill put forward by House Republicans would also allow the SEC to continue having the power to determine which assets qualify as securities and remain under the regulator’s jurisdiction. The proposed legislation also stated that regulated crypto firms dealing with tokens or cryptocurrencies can assert that the assets and commodities. That would involve explaining the working of the concerned assets and proving that they’re decentralized by certifying that no one controls more than 20% of the assets.&amp; </p><p>As per the draft bill, token projects aiming to be treated as commodities would have to provide details about their operations and go through a certification process with the Commodities and Futures Trading Commission (CFTC). The bill would also protect crypto assets from enforcement actions while federal agencies like the SEC and CFTC come up with a new regulatory regime for the crypto industry.&amp; </p>]]></description><link>https://m.coinsnews.com/us-lawmakers-push-for-regulatory-clarity-with-new-crypto-bill</link><guid>586410</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/120217041329-us-capitol-exterior-770x433.jpg</dc:content ><dc:text>U.S. Lawmakers Push For Regulatory Clarity With New Crypto Bill</dc:text></item><item><title>Binance Australia Halts Local Bank Transactions Amid On/Off Ramp Roadblock</title><description><![CDATA[<img width="770" height="426" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-770x426.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Australia" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-770x426.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-300x166.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-1024x567.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-500x277.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-269x149.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-746x413.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Australia Halts Local Bank Transactions Amid On/Off Ramp Roadblock 22"><p>Summary: </p><ul><li>Binance suspended Australian Dollar deposits and withdrawals on June 1 after announcing the decision in May. </li><li>Australian users can still buy and sell crypto tokens using their debit or credit cards, the exchange clarified in today&#8217;s announcement. </li><li>The platform&#8217;s derivatives license was withdrawn in April following controversy with Binance user accounts and a request from the crypto exchange.</li></ul><p>Binance Australia will no longer allow users to deposit and withdraw AUD on the exchange weeks after first <a href="https://en.ethereumworldnews.com/binance-australia-suspend-aud-withdrawal/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-australia-suspend-aud-withdrawal/" rel="noreferrer noopener">announcing</a> the decision in May. The apex centralized exchange suspended bank transfers in Australian Dollars after on/off ramp issues with a local banking partner. </p><h2>Binance Australia Searching For Banking Partner</h2><p>The <a href="https://twitter.com/Binance_AUS/status/1664173402930950144?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/Binance_AUS/status/1664173402930950144?s=20" rel="noreferrer noopener nofollow">suspension</a> of AUD bank transfers to commence on June 1st, means users cannot directly deposit or withdraw money from their bank accounts on the Binance Australia platform for now.</p><p>Binance Australia said the reason for this decision is that they are actively looking for a trustworthy alternative provider who can facilitate secure user transactions from fiat currency (AUD) into cryptocurrencies and vice versa.</p><p>Australian users can still buy and sell crypto tokens using their debit or credit cards on the platforms&#8217; peer-to-peer or p2p marketplace, the exchange clarified in today&#8217;s announcement. </p><p>Difficulties with AUD transfer follow a derivatives debacle that saw several user positions liquidated on the exchange. Binance Australia reportedly resolved the issue and asked the Australian Securities and Investments Commission (ASIC) to withdraw its derivatives license. ASIC granted the request. </p><h2>Regulatory Conundrum</h2><p>Binance has also faced regulatory challenges in other countries like the US, <a href="https://en.ethereumworldnews.com/binance-probed-canadian-regulator/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-probed-canadian-regulator/" rel="noreferrer noopener">Canada</a>, and the UK where they have also been accused of operating without proper registration. </p><p>Despite facing legal action in some jurisdictions as a result, Binance remains one of the biggest centralized crypto exchanges in the world with its daily spot trading volume ranging over $7 billion, <a href="https://coinmarketcap.com/exchanges/binance/" target="_blank" data-type="URL" data-id="https://coinmarketcap.com/exchanges/binance/" rel="noreferrer noopener nofollow">CoinMarketCap</a> data showed.</p><p>The exchange has continued to <a href="https://en.ethereumworldnews.com/binance-crypto-approval-in-abu-dhabi/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-crypto-approval-in-abu-dhabi/" rel="noreferrer noopener">expand</a> its services to regions like the United Arab Emirates, launching new products and features to meet the needs of its users. </p>]]></description><link>https://m.coinsnews.com/binance-australia-halts-local-bank-transactions-amid-onoff-ramp-roadblock</link><guid>586357</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Binance-Australia-Halts-Local-Bank-Transactions-Amid-On-Off-Ramp-Roadblock-770x426.png</dc:content ><dc:text>Binance Australia Halts Local Bank Transactions Amid On/Off Ramp Roadblock</dc:text></item><item><title>Justin Sun’s TRX Expands To Ethereum Via BitTorrent Bridge</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="TRX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Justin Sun&#039;s TRX Expands To Ethereum Via BitTorrent Bridge 24"><p>Summary: </p><ul><li>Tron (TRX) is now fully accessible on crypto&#8217;s largest altcoin network Ethereum, founder Justin Sun tweeted on Friday.</li><li>The Tron blockchain is DeFi&#8217;s second biggest ecosystem with over $5.6 billion in total value locked and over 2.9 million active users, per DeFiLlama data.</li><li>Tron&#8217;s native asset TRX jumped 2% in price following Sun&#8217;s tweet about the Ethereum expansion via BitTorrent Bridge.</li></ul><p>TRX, the native asset on the Tron blockchain founded by crypto mogul Justin Sun, is <a href="https://twitter.com/justinsuntron/status/1664582616098705409" data-type="URL" data-id="https://twitter.com/justinsuntron/status/1664582616098705409" target="_blank" rel="noreferrer noopener nofollow">expanding </a>on crypto&#8217;s largest altcoin network Ethereum. </p><h2>TRX On Ethereum Via BitTorrent Bridge</h2><p>Sun tweeted that Tron&#8217;s token &#8220;is now fully accessible within the Ethereum ecosystem&#8221;. The asset will use BitTorrent Bridge to expand its reach and boost Tron liquidity on Ethereum. Friday&#8217;s announcement provided a contract address for Tron users utilizing TRX on Ethereum&#8217;s blockchain. </p><p>Tron&#8217;s native token is ranked in the top 100 cryptocurrencies at #12, per CoinMarketCap. The token&#8217;s market cap was above $8 billion as of the time of writing and boasted over $162 million in 24-hour trading volume. TRX&#8217;s price jumped 2% after Sun shared the news. </p><figure class="wp-block-image size-large"><img width="1024" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-1024x417.png" alt="Justin Sun&#039;s TRX Expands To Ethereum Via BitTorrent Bridge 11" class="wp-image-582532" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-1024x417.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-300x122.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-770x314.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-1536x626.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-269x110.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-746x304.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19-1376x560.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/TRXUSDT_2023-06-02_13-09-19.png 1883w" sizes="(max-width: 1024px) 100vw, 1024px" title="Justin Sun&#039;s TRX Expands To Ethereum Via BitTorrent Bridge 22"><figcaption><strong><a href="https://www.tradingview.com/symbols/TRXUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/TRXUSDT/" rel="noreferrer noopener">TRX/USDT by TradingView</a></strong></figcaption></figure><p>Data also shows that Tron is somewhat of an authority in DeFi with the second-largest total value locked (TVL) worth $5.6 billion and over $45 billion in stablecoins. Only Ethereum $27 billion in TVL and $69 billion in stables ranks higher, <a href="https://defillama.com/chain/Tron?tvl=true" target="_blank" data-type="URL" data-id="https://defillama.com/chain/Tron?tvl=true" rel="noreferrer noopener nofollow">DeFiLlama</a> shows. </p><p>Developer activity on Tron seems to move at a modest pace compared to other top networks like Ethereum and Binance Smart Chain (BSC). 22 protocols run atop Tron&#8217;s network and JustLend dominates the TRX ecosystem accounting for over half of Tron&#8217;s TVL. </p><figure class="wp-block-image size-large"><img width="1024" height="484" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-1024x484.png" alt="Justin Sun&#039;s TRX Expands To Ethereum Via BitTorrent Bridge 12" class="wp-image-582530" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-1024x484.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-300x142.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-770x364.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-269x127.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132-746x352.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Screenshot-132.png 1078w" sizes="(max-width: 1024px) 100vw, 1024px" title="Justin Sun&#039;s TRX Expands To Ethereum Via BitTorrent Bridge 23"><figcaption><strong>Tron By DeFiLlama</strong></figcaption></figure><h2>Sun Apes Into Memecoin </h2><p>Justin Sun said he would trade memecoins and <a href="https://en.ethereumworldnews.com/memecoin-frenzy-justin-sun-donate-profits/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/memecoin-frenzy-justin-sun-donate-profits/" rel="noreferrer noopener">donate</a> the profits to charity amid a frenzy led by tokens like Pepe, a memecoin inspired by the popular &#8220;Pepe The Frog&#8221;. At the time, fees on marquee networks like Bitcoin and Ethereum hit ATHs as speculative traders aped into these memecoins. </p><p>Though obviously risky, the trading trend may spotlight the gambling nature or &#8220;degenerate/degen&#8221; side of the crypto community. </p>]]></description><link>https://m.coinsnews.com/justin-suns-trx-expands-to-ethereum-via-bittorrent-bridge</link><guid>586288</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Justin-Suns-TRX-Expands-To-Ethereum-Via-BitTorrent-Bridge-770x514.jpg</dc:content ><dc:text>Justin Sun’s TRX Expands To Ethereum Via BitTorrent Bridge</dc:text></item><item><title>Coinbase Derivatives Exchange To Offer BTC &amp; ETH Futures To Institutional Clients</title><description><![CDATA[<img width="640" height="420" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Derivatives Exchange To Offer BTC &amp; ETH Futures To Institutional Clients 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819.jpg 640w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819-300x197.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819-500x328.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819-269x177.jpg 269w" sizes="(max-width: 640px) 100vw, 640px" title="Coinbase Derivatives Exchange To Offer BTC &amp; ETH Futures To Institutional Clients 19"><ul><li>Coinbase Derivatives Exchange will begin offering Bitcoin and Ether futures to its institutional clients starting June 5.&amp; </li><li>The institutional-sized futures contracts will be sized at 1 BTC and 10 ETH and have a monthly expiry.&amp; </li><li>The latest crypto offerings come amid growing demand from institutions for advanced derivatives products.&amp; </li></ul><p>Coinbase Derivatives Exchange recently announced the launch of institutional futures offering with Bitcoin and Ether contracts. The CFTC-regulated derivatives trading platform will begin offering BTC and ETH futures contracts to its institutional clients starting June 5, 2023. The new crypto offerings come less than a year after the derivatives exchange launched its nano Bitcoin and nano Ether derivatives. </p><h2><strong>Coinbase Responds To Institutional Demand For Crypto Derivatives</strong></h2><p>According to a <a href="https://www.coinbase.com/blog/coinbase-derivatives-exchange-will-launch-institutional-sized-bitcoin-and" rel="nofollow noopener">blog post</a> by Coinbase, the institutional-sized contacts will be sized at 1 BTC and 10 ETH, allowing the derivatives exchange’s clients to manage their exposure to the crypto assets. The Bitcoin futures contracts (BTI) and Ether futures contracts (ETI) will be made available to clients through leading third-party institutional futures commission merchants (FCMs) and brokers. Institutional clients who adopt the new derivatives products early on may be eligible for various incentive programs. </p><blockquote class="wp-block-quote"><p>“With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants with greater precision in managing crypto exposure, expressing directional views, or tracking Bitcoin and Ether returns in a capital-efficient way.”</p><cite>Coinbase Derivatives Exchange</cite></blockquote><p>The new derivatives products will be offered as USD-settled index futures and will have a monthly expiry. Each BTI and ETI contract represents 1 Bitcoin and Ether respectively. <a href="https://en.ethereumworldnews.com/coinbase-manager-sec-settle-civil-charges/">Coinbase</a> stated in its offering documents that in case of a hard fork, the new token will not be added to the Index unless it becomes the “dominant coin.” The platform introduced the BTC and ETH futures contracts amid growing demand from institutional clients for advanced derivatives products. In June 2022 Coinbase Derivatives Exchange launched nano Bitcoin futures contracts for its retail clients. This was followed by the launch of nano Ether futures contracts in August 2022</p>]]></description><link>https://m.coinsnews.com/coinbase-derivatives-exchange-to-offer-btc-eth-futures-to-institutional-clients</link><guid>586156</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/ee73fe28d5604eadaaa5de7fb5cb7c2cCoinbase-SEC_65819.jpg</dc:content ><dc:text>Coinbase Derivatives Exchange To Offer BTC &amp; ETH Futures To Institutional Clients</dc:text></item><item><title>MakerDAO Approves Proposal To Buy $1.28 Billion In U.S. Treasuries</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="MakerDAO Approves Proposal To Buy $1.28 Billion In U.S. Treasuries 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA.jpg 1400w" sizes="(max-width: 770px) 100vw, 770px" title="MakerDAO Approves Proposal To Buy $1.28 Billion In U.S. Treasuries 21"><ul><li>The MakerDAO community has voted in favor of a proposal to purchase $1.28 billion worth of U.S. Treasuries.&amp; </li><li>The proposal, dubbed Project Andromeda, was put forward by crypto investment firm Blocktower Capital.</li><li>Maker is set to exchange 1.28 billion DAI stablecoins for short-dated U.S. Treasuries with maturities ranging from 0-6 months.&amp; </li><li>The DeFi protocol purchased $1.1 billion of government and corporate bonds earlier this year.&amp; </li></ul><p>DeFi lending platform MakerDAO is set to purchase a whopping $1.28 billion worth of U.S. Treasuries in a bid to diversify the reserve assets that back its DAI stablecoin. The community behind Maker voted in favor of a proposal, dubbed Project Andromeda, to deploy a new vault with a debt ceiling of 1.28 billion DAI.&amp; </p><h2><strong>MakerDAO To Purchase Short-Dated US Treasuries</strong></h2><p>According to the proposal submitted on MakerDAO’s <a href="https://forum.makerdao.com/t/project-andromeda-risk-legal-assessment/20969" rel="nofollow noopener">governance forum</a> earlier this month, Project Andromeda was put forward by Blocktower Capital Advisors LP under MIP90. As per the proposal, 1.28 billion DAI would be deployed to purchase short-dated U.S. Treasuries that will be held in custody by Wedbush Securities Inc. The maturities of the government bonds will range from zero to six months. As per the asset purchases schedule posted on the governance forum, 1/6th (16.67%) of the total DAI vault will be allocated to 0-1 month US Treasuries. Identical allocations have been listed for 1-2 month bonds, 2-3 month bonds, and so on. </p><p>The <a href="https://vote.makerdao.com/polling/QmbudkVR#vote-breakdown" rel="nofollow noopener">polling page</a> showed that the MakerDAO community approved the proposal with an overwhelming majority, with 99.99% of the votes in favor of Project Andromeda. Blocktower Capital will receive an arranger fee equivalent to 0.15% of the vault, which comes out to over $1.9 million. Coinbase and Galaxy Digital will serve as exchange agents on the transaction, facilitating the conversion between stablecoins and U.S. Dollars.</p><p>The approval for the $1.28 billion U.S. Treasuries purchase comes just months after Maker’s community approved a proposal to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion. The latest approval comes just a day after fellow stablecoin issuer Circle <a href="https://en.ethereumworldnews.com/circle-dumps-us-treasuries-usdc-reserve/">eliminated</a> all U.S. Treasury bonds from the reserve fund backing its USDC stablecoin. </p>]]></description><link>https://m.coinsnews.com/makerdao-approves-proposal-to-buy-128-billion-in-us-treasuries</link><guid>586157</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/1_fyp_BCethZr4xCf-o6nIbA-770x513.jpg</dc:content ><dc:text>MakerDAO Approves Proposal To Buy $1.28 Billion In U.S. Treasuries</dc:text></item><item><title>Dogecoin Investors Accuse Elon Musk Of Insider Trading</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-770x428.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Dogecoin Investors Accuse Elon Musk Of Insider Trading 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-770x428.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-300x167.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-500x278.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-269x149.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-746x414.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="Dogecoin Investors Accuse Elon Musk Of Insider Trading 23"><ul><li>Dogecoin investors have accused Elon Musk of insider trading and manipulating the price of DOGE.&amp; </li><li>The investors have requested to amend the class action lawsuit filed against Musk last year to include the latest allegations.&amp; </li><li>The DOGE holders alleged that Musk used Twitter posts and his online influence to manipulate the meme token’s price.&amp; </li></ul><p>Dogecoin investors have accused Elon Musk of insider trading and manipulating DOGE. In a proposed amendment to an ongoing class action lawsuit, investors of DOGE accused the billionaire businessman of costing them billions of dollars by using his influence to manipulate the price of the world’s largest meme token and profiting himself in the process.&amp; </p><h2><strong>Musk Accused Of Using Twitter To Manipulate Dogecoin</strong></h2><p>According to a report by <a href="https://www.reuters.com/legal/elon-musk-is-accused-insider-trading-by-investors-dogecoin-lawsuit-2023-06-01/" rel="nofollow noopener">Reuters</a>, Dogecoin investors filed a request with the Manhattan Federal Court to amend the class action lawsuit that was initially filed against Elon Musk in June 2022. In what was the third amendment to the lawsuit, investors stated that the Twitter CEO used multiple Twitter posts, paid online influencers, and public appearances to manipulate DOGE’s price in order to trade profitably at their expense. </p><p>The investors included several instances of Musk’s alleged acts of manipulation, including his appearance on NBC&#8217;s Saturday Night Live in 2021 and showcasing Dogecoin’s Shiba Inu mascot on Twitter’s homepage last month. The filing alleged that Musk sold nearly $124 million worth of DOGE after it gained 30% thanks to its logo being displayed on <a href="https://en.ethereumworldnews.com/dogecoin-down-8-twitter-removes-doge-logo/">Twitter</a>. </p><blockquote class="wp-block-quote"><p>This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading by the world’s richest man Elon Musk”</p><cite>Court Filing by Dogecoin investors</cite></blockquote><p>U.S. District Judge Alvin Hellerstein reportedly said that he would “likely” allow the latest amended complaint, noting that the defendants would not likely be prejudiced. Elon Musk’s lawyer declined a request for comment by Reuters. A lawyer for Musk’s EV giant Tesla did not respond to a request for comment. Earlier this year, Musk and Tesla requested the court to dismiss the second amended complaint filed by the Dogecoin investors, describing it as a &#8220;fanciful work of fiction.&#8221;</p>]]></description><link>https://m.coinsnews.com/dogecoin-investors-accuse-elon-musk-of-insider-trading</link><guid>586111</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/Dogecoin-Price-Soars-30-As-Elon-Musk-Changes-Twitter-Logo-To-DOGE-770x428.jpg</dc:content ><dc:text>Dogecoin Investors Accuse Elon Musk Of Insider Trading</dc:text></item><item><title>OPNX Issues Governance Token, Native Token FLEX Hikes 20%</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="OPNX Issues Governance Token, Native Token FLEX Hikes 20% 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1.png 1024w" sizes="(max-width: 770px) 100vw, 770px" title="OPNX Issues Governance Token, Native Token FLEX Hikes 20% 20"><ul><li>Open Exchange (OPNX) has issued a new governance token for its bankruptcy claims exchange.&amp; </li><li>The exchange’s native token FLEX added 20% to its price following the announcement.&amp; </li><li>Holders of Open Exchange’s OX token can enjoy up to 100% discount on trading fees.&amp; </li><li>The ERC-20 OX token has a maximum supply of 9.86 billion.&amp; </li></ul><p>Open Exchange (<a href="https://en.ethereumworldnews.com/opnx-investors-deny-funding-the-exchange/">OPNX</a>), the bankruptcy claims exchange launched by 3AC’s Su Zhu and Kyle Davies, has issued a governance token called the Open Exchange token (OX). The exchange has also launched its staking and governance platform called The Herd. OX token’s launch comes almost four months after the platform was set up by the disgraced founders of the defunct crypto hedge fund Three Arrows Capital (3AC). </p><h2><strong>OX Token Holders Can Get 100% Rebates On OPNX’s Trading Fees</strong></h2><p>As per the <a href="https://opnx-public-files.s3.ap-northeast-1.amazonaws.com/pdf/OX_Token.pdf" rel="nofollow noopener">whitepaper</a> released by OPNX, as the platform’s governance token OX will offer a “Stake To Trade For Free&#8221; rebate model in an attempt to promote alignment between the bankruptcy claims trading platform and its users. According to Open Exchange, a convention fixed discount model only incentivized short-term holding of the token to pay trading fees while high minimum volume/holding bands are only accessible to whales &amp; require constant adjustment, causing confusion.</p><p>By staking the OX token, traders on the platform will be able to avoid paying trading fees irrespective of their trading volume. Traders will get a 100% rebate on trading fees if their percentage of total staked OX is equal to or greater than their percentage of total OPNX trading volume. Traders who exceed their 100% rebate-free trading volume will get a 50% trading fee rebate on the remainder. Open Exchange claims that with enough staked governance tokens, traders can engage in feeless trading in perpetuity.&amp; </p><blockquote class="wp-block-quote"><p>In one week, if Alice stakes 2% of total staked $OX and trades up to 2% of the total OPNX trading volume, she will receive a 100% trading fee rebate.” </p><cite>Example of trading fee rebate based on staked OX tokens</cite></blockquote><p>News of the OX token’s launch sent OPNX’s native token FLEX soaring. The native token has gained more than 20% over the past 24 hours. At the time of writing, the token was trading at $1.15. Meanwhile, the OX token has lost nearly 8% of its value since it was issued earlier today. Data from Etherscan shows that 150 people have either purchased or minted the governance token, which has a maximum supply of 9.86 billion.&amp; </p>]]></description><link>https://m.coinsnews.com/opnx-issues-governance-token-native-token-flex-hikes-20</link><guid>586058</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/06/image-706-1024x512-1-770x385.png</dc:content ><dc:text>OPNX Issues Governance Token, Native Token FLEX Hikes 20%</dc:text></item><item><title>Circle Removes U.S. Treasuries From USDC Reserve Fund Amid Debt Ceiling Concerns</title><description><![CDATA[<img width="770" height="403" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-770x403.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Circle Removes U.S. Treasuries From USDC Reserve Fund Amid Debt Ceiling Concerns 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-770x403.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-1024x536.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-1536x804.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-500x262.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-746x391.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-1376x721.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo.jpg 1944w" sizes="(max-width: 770px) 100vw, 770px" title="Circle Removes U.S. Treasuries From USDC Reserve Fund Amid Debt Ceiling Concerns 22"><ul><li>Circle has ditched all U.S. Treasury bonds from the $24 billion reserve fund that backs its USDC stablecoin.&amp; </li><li>The stablecoin issuer took this step to protect USDC from the impact of the ongoing debt ceiling crisis in the United States.&amp; </li><li>The last Treasury bond worth $3.9 billion matured earlier today, effectively removing the asset class from the reserve fund.&amp; </li><li>The move was in line with CEO Jeremy Allaire’s goal to drop Treasuries from USDC’s reserve by the end of May 2023.&amp; &amp; </li></ul><p>Circle Internet Financial, the crypto giant behind the world’s second-largest stablecoin, has ditched all U.S. Treasury bonds from the reserve fund backing its USDC stablecoin. The move was made to shield USDC from any potential damage from the ongoing concerns surrounding the United States debt ceiling.&amp; </p><h2><strong>Circle Holds Assets In Overnight Repo Agreements</strong></h2><p>According to Circle’s <a href="https://www.circle.com/hubfs/USDCAttestationReports/2023/2023%20USDC_Circle%20Examination%20Report%20April%202023.pdf" rel="nofollow noopener">monthly attestatio</a>n released by independent accountants at Deloitte, the last Treasury bond worth nearly $4 billion matured earlier today, effectively removing all long-term Treasuries from the reserve fund. As of May 30, 2023, the <a href="https://en.ethereumworldnews.com/circle-move-usdc-avalanche-ethereum/">Circle</a> Reserve Fund, managed by Wall Street giant Blackrock, held 100% of its $24.7 billion fund in overnight U.S. Treasury Repurchase Agreements. </p><p>The latest move marks a significant change in the fund’s holdings as compared to April 2023 when the USDC issuer held over $30 billion in U.S. Treasury Bonds. The changes to the Reserve fund came in light of the debt ceiling crisis in the United States, which could have had a devastating impact on all government securities. Lawmakers in the U.S. are set to vote on the fate of the country’s $31.4 trillion debt ceiling later today in a desperate attempt to avert a default by the U.S. government.&amp; </p><p>The decision to eliminate U.S. Treasury bonds was in line with the goal set by Circle CEO Jeremy Allaire. Allaire told <a href="https://www.politico.com/newsletters/morning-money/2023/05/10/rewriting-crypto-00096124" rel="nofollow noopener">Politico</a> earlier this month that his crypto firm would ditch the asset class in favor of short-dated U.S. Treasuries in a bid to protect its USDC stablecoin from a potential U.S. debt default. </p><blockquote class="wp-block-quote"><p>We don’t want to carry exposure through a potential breach of the ability of the U.S. government to pay its debts.” </p><cite>Jeremy Allaire, CEO of Circle Internet Financial </cite></blockquote>]]></description><link>https://m.coinsnews.com/circle-removes-us-treasuries-from-usdc-reserve-fund-amid-debt-ceiling-concerns</link><guid>585826</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Circle_Logo-770x403.jpg</dc:content ><dc:text>Circle Removes U.S. Treasuries From USDC Reserve Fund Amid Debt Ceiling Concerns</dc:text></item><item><title>Binance Faces Probe By Canadian Securities Regulator</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Faces Probe By Canadian Securities Regulator 18" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-1024x683.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-1376x917.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was.webp 1920w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Faces Probe By Canadian Securities Regulator 22"><ul><li>Binance is reportedly being probed by the Ontario Securities Commission.</li><li>The investigation is to determine if the crypto exchange attempted to evade local regulations and compliance controls.&amp; </li><li>The crypto exchange announced its departure from Canada two days after it was served the investigation order.&amp; </li><li>Binance is facing a similar probe in Brazil for allegedly helping clients evade a ban on derivatives trading.&amp; &amp; </li></ul><p>Binance has found itself under regulatory scrutiny again, this time at the hands of a securities regulator in Canada. The Ontario Securities Commission is probing the world’s largest crypto exchange to determine if it attempted to avoid local regulations and compliance controls while seeking approval to operate in the country.&amp; </p><h2><strong>Binance Departed Canada Two Days After Receiving Probe Order</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-31/binance-bnb-discloses-investigation-by-canada-s-ontario-securities-commission" rel="nofollow noopener">Bloomberg</a>, Binance was served the probe order by the Ontario Securities Commission on May 10, 2023. Just two days after the investigation was opened, the crypto exchange <a href="https://en.ethereumworldnews.com/binance-exit-canadian-market-regulations/">announced</a> that it would exit the Canadian crypto market. At the time, the crypto exchange blamed its decision to depart on Canada’s “challenging” regulatory landscape and the recently introduced guidance for stablecoins and investor limits. The exchange did not reveal that it was being probed by one of the country’s top securities regulators. </p><p>Binance revealed the probe by the Ontario Securities Commission in a recent filing with the Capital Markets Tribunal. The investigation order didn’t allege any breaches of Ontario securities laws on the crypto exchange’s part. The summons issued by the securities regulator required the exchange to produce documents associated with the scope of the investigation. This includes a blanket request for “all communications regarding Ontario (or Canada generally) among directors, officers, employees, contractors, agents and consultants of the exchange and its associated entities. The summons was addressed to the exchange and didn’t name any individual.</p><blockquote class="wp-block-quote"><p>“The Investigation Order authorizes an extremely broad inquiry into whether Binance may have taken steps to circumvent Ontario securities law and compliance controls in relation to Binance.com or engaged in conduct contrary to Ontario securities law and/or the public interest without any limitation.”</p></blockquote><p>The probe from the Canadian securities regulator comes a month after Brazil’s Federal Public Prosecutor’s Office and the Federal Police started an investigation into Binance for allegedly offering securities to its clients by helping them evade a stop order on crypto futures.&amp; </p>]]></description><link>https://m.coinsnews.com/binance-faces-probe-by-canadian-securities-regulator</link><guid>585774</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/How-many-users-left-Binance-after-the-identification-requirement-was-770x513.webp</dc:content ><dc:text>Binance Faces Probe By Canadian Securities Regulator</dc:text></item><item><title>Landmark MiCA Law Officially Signed By EU Policymakers</title><description><![CDATA[<img width="770" height="594" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-770x594.png" class="webfeedsFeaturedVisual wp-post-image" alt="MiCA" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-770x594.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-300x231.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-1024x790.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-1536x1185.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-500x386.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-269x208.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-746x576.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-1376x1062.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers.png 2048w" sizes="(max-width: 770px) 100vw, 770px" title="Landmark MiCA Law Officially Signed By EU Policymakers 22"><p>Summary: </p><ul><li>European Union lawmakers officially signed the bloc&#8217;s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations.</li><li>The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users&#8217; identities.</li><li>The EU is another step closer to implementing crypto standards and rules roughly three years after the bill was introduced, making the bloc the first major jurisdiction to provide clear rules for the nascent industry.</li></ul><p>The Markets in Crypto Assets (MiCA) bill developed to create standard rules for crypto businesses operating in EU states was <a href="https://twitter.com/sweden2023eu/status/1663924814002749442?s=20" data-type="URL" data-id="https://twitter.com/sweden2023eu/status/1663924814002749442?s=20" target="_blank" rel="noreferrer noopener nofollow">officially signed</a> on Wednesday, May 31, and marks a watershed moment for the broader crypto industry. </p><p>MiCA&#8217;s policies which introduce a licensing framework are accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users&#8217; identities. The bill was first proposed in 2020, surviving endless parliamentary debates and revisions. </p><p>Controversy threatened to tarnish the bloc&#8217;s crypto rules when lawmakers mulled what was essentially a ban on Proof-of-Work blockchains like Bitcoin due to environmental concerns. Policymakers ultimately binned the idea, giving room for Bitcoin and other PoW-powered assets in European markets.</p><p>Nearly three years after its debut, MiCA is now officially into law by the European Parliament President Roberta Metsola and Sweden&#8217;s Rural Affairs Minister Peter Kullgren.</p><h2>What Next For MiCA?</h2><p>MiCA will be published in the EU&#8217;s Official Journal now that officials have signed. It will take weeks after this publication for MiCA to be recognized and impact the bloc&#8217;s regulatory landscape. However, the rules will not take full effect till 12-18 months after appearing in the Official Journal. This will give policymakers and crypto business time to adjust to the new status quo. </p><p>The bill <a href="https://en.ethereumworldnews.com/mica-greenlight-eu-finance-ministers/" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-greenlight-eu-finance-ministers/" target="_blank" rel="noreferrer noopener">requires </a>trading venues and wallet providers to secure a license before offering their services to EU users. Stablecoin issuers like Tether and Circle must also hold sufficient reserves if they wish to operate in any of the bloc&#8217;s 27-member states. </p>]]></description><link>https://m.coinsnews.com/landmark-mica-law-officially-signed-by-eu-policymakers</link><guid>585775</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Landmark-MiCA-Law-Officially-Signed-By-EU-Policymakers-770x594.png</dc:content ><dc:text>Landmark MiCA Law Officially Signed By EU Policymakers</dc:text></item><item><title>UAE Strengthens Crypto Oversight With AML/CTF Rules, Policymakers Talk With Hong Kong Regulators</title><description><![CDATA[<img width="770" height="381" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-770x381.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="UAE" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-770x381.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-300x148.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-1024x507.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-1536x760.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-500x247.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-269x133.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-746x369.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-1376x681.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators.jpeg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="UAE Strengthens Crypto Oversight With AML/CTF Rules, Policymakers Talk With Hong Kong Regulators 22"><p>Summary: </p><ul><li>The Central Bank of the United Arab Emirates published rules for businesses and institutions interacting with cryptocurrencies and digital assets.</li><li>The UAE&#8217;s new guidance will oversee anti-money laundering and counter-terrorism financing checks in compliance with the Financial Action Task Force (FATF) international standards.</li><li>Policymakers from the UAE and Hong Kong are working together on developing digital asset laws as both regions move to establish themselves as global crypto hubs.</li></ul><p>On May 31, the United Arab Emirates (UAE) Central Bank announced new guidance for anti-money laundering (AML) and counter-terrorism financing (CTF) set to take effect next month, per <a href="https://www.reuters.com/article/idUSL8N37S1OO" target="_blank" data-type="URL" data-id="https://www.reuters.com/article/idUSL8N37S1OO" rel="noreferrer noopener nofollow">Reuters</a>.</p><p>New rules from the apex bank come amid a push from the Emirates toward attracting crypto businesses looking to expand and tap new markets. Local policymakers also met with companies like Coinbase to discuss regulatory matters. </p><p>According to a statement on Wednesday, the new guidance treats the risks associated with handling cryptocurrencies and digital assets like NFTs. The framework will provide needed oversight for institutions when doing business with digital asset service providers like exchanges. Customer and counterparty relationships will also fall under the purview of the newly issued guidance. </p><blockquote class="wp-block-quote"><p>The new guidance related to the virtual assets sector contributes to strengthening the supervisory and regulatory frameworks of the Central Bank to combat money laundering and the financing of terrorism.</p><cite>&#8211; Governor of the CBUAE, Khaled Mohamed Balama.</cite></blockquote><p>Governor Balam further remarked that the new rules will align the Emirati&#8217;s policies with international standards set by the Financial Action Task Force (FATF). The FATF listed the UAE in its &#8220;grey list&#8221; of areas that needed to upgrade their AML and CTF systems back in March 2022. </p><h2>Hong Kong And UAE Policymakers Discuss Crypto Rules</h2><p>Authorities from the UAE and <a href="https://en.ethereumworldnews.com/hong-kong-considers-huobi-crypto-license/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/hong-kong-considers-huobi-crypto-license/" rel="noreferrer noopener">Hong Kong</a> are reportedly working together to develop crypto standards needed to protect investors and entice crypto businesses to set up shops in their regions.</p><p>The central banks of Hong Kong and UAE recently met in Abu Dhabi to discuss this joint effort. Bank of China, Citi, HSBC, and Standard Chartered spoke for Hong Kong while First Abu Dhabi Bank, Abu Dhabi Islamic Bank, and Emirates NBD represented the Emirati Kingdom. </p><p>Cross-border trade and tapping Hong Kong&#8217;s burgeoning financial infrastructure were hot-button topics discussed by senior executives from both sides of the aisle. </p><p>Both regions have introduced crypto licensing regimes while Dubai, an emerging crypto hub in the Emirates, was the first jurisdiction to establish a body dedicated to digital asset oversight. Hong Kong&#8217;s licensing regime is set to come into effect starting June 1 after the city-state ended its long-standing crypto ban. </p><p>Crypto stakeholders like <a href="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" rel="noreferrer noopener">Coinbase</a> met with UAE policymakers, hailing the region for its approach to digital assets amid the thickening regulatory atmosphere in the U.S. </p>]]></description><link>https://m.coinsnews.com/uae-strengthens-crypto-oversight-with-amlctf-rules-policymakers-talk-with-hong-kong-regulators</link><guid>585708</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/UAE-Strengthens-Crypto-Oversight-With-AML-CTF-Rules-Policymakers-Talk-With-Hong-Kong-Regulators-770x381.jpeg</dc:content ><dc:text>UAE Strengthens Crypto Oversight With AML/CTF Rules, Policymakers Talk With Hong Kong Regulators</dc:text></item><item><title>Trust Reserve CNHC Stablecoin Team Detained In China: Report</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Trust Reserve" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report.png 1920w" sizes="(max-width: 770px) 100vw, 770px" title="Trust Reserve CNHC Stablecoin Team Detained In China: Report 22"><p>Summary:</p><ul><li>Law enforcement in China arrested the Trust Reserve team behind a Yuan-backed stablecoin and another token backed by the Hong Kong Dollar. </li><li>Authorities wrote a “judicial seizure” notice at the teams&#8217; office in Shanghai, PANews reported after visiting the building.</li><li>The news follows unverified rumors that Multichain’s team was also arrested in China shortly after a so-called &#8220;force majeure&#8221; froze thousands of transactions on the cross-chain protocol.</li></ul><p>Reports from PANews said that police in China arrested team members from Trust Reserve, the entity formerly known as the CNHC Group that issues two fiat-pegged stablecoin backed by China&#8217;s Yuan (CNH) and the Hong Kong Dollar (HKD). </p><h2>Trust Reserve Shares Same Faith As Multichain</h2><p>Authorities wrote a “judicial seizure” notice at the Trust Reserve office in Shanghai, <a href="https://www.panewslab.com/zh/sqarticledetails/7pomrdow.html?_x_tr_sl=auto&amp;_x_tr_tl=auto&amp;_x_tr_hl=en-GB" target="_blank" data-type="URL" data-id="https://www.panewslab.com/zh/sqarticledetails/7pomrdow.html?_x_tr_sl=auto&amp;_x_tr_tl=auto&amp;_x_tr_hl=en-GB" rel="noreferrer noopener nofollow">PANews</a> reported after visiting the building on May 29. Law enforcement reportedly informed the families of the arrested team members as well. Trust Reserve closed a $10 million series A+ funding round led by Kucoin Ventures in March. </p><p>The news follows unverified rumors that Multichain’s team was also <a href="https://en.ethereumworldnews.com/deposits-halted-binance-multichain/" data-type="URL" data-id="https://en.ethereumworldnews.com/deposits-halted-binance-multichain/" target="_blank" rel="noreferrer noopener">arrested</a> in China shortly after a so-called &#8220;force majeure&#8221; froze thousands of transactions on the protocol. Liquidity providers like the Fantom Foundations and other stakeholders like Justin Sun pulled out millions from Multichain citing uncertainty about the protocol&#8217;s bridge infrastructure and silence from the team. </p><h2>Hong Kong Open To Crypto, Beijing Remains Cautious</h2><p>While crypto trading, mining, and digital asset transactions remain banned in China, Beijing&#8217;s government is seemingly ready to consider web3 innovation. The capital city recently released a white paper to promote decentralized development. </p><p>Over in Hong Kong, authorities are laying the groundwork for a crypto ecosystem as the region introduced a licensing regime. Huobi HK already applied for a virtual asset exchange license and will offer crypto spot trading support. Other digital asset service providers like OKX are also interested in a similar license per reports. </p><p>Hong Kong is also collaborating with the central bank and policymakers in the UAE as both regions move to capture crypto&#8217;s attention amidst a lack of regulatory clarity in the U.S.</p>]]></description><link>https://m.coinsnews.com/trust-reserve-cnhc-stablecoin-team-detained-in-china-report</link><guid>585651</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Trust-Reserve-CNHC-Stablecoin-Team-Detained-In-China-Report-770x433.png</dc:content ><dc:text>Trust Reserve CNHC Stablecoin Team Detained In China: Report</dc:text></item><item><title>Former Coinbase Manager And U.S. SEC Agree To Settle Insider Trading Charges</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Former Coinbase Manager And U.S. SEC Agree To Settle Insider Trading Charges 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo.jpeg 929w" sizes="(max-width: 770px) 100vw, 770px" title="Former Coinbase Manager And U.S. SEC Agree To Settle Insider Trading Charges 20"><ul><li>The SEC has agreed to settle insider trading charges filed against a former Coinbase manager and his brother.&amp; </li><li>The duo was arrested for insider trading crypto assets last year and was convicted for multiple wire fraud charges.&amp; </li><li>The settlement has left unanswered the question of whether the nine crypto tokens involved in the case were securities.&amp; </li></ul><p>The U.S. Securities and Exchange Commission (SEC) has agreed to settle the insider trading charges filed against former Coinbase Manager Ishan Wahi and his brother Nikhil Wahi in the infamous crypto insider trading case from last year. The Wahi brothers were arrested for profiting from an insider trading scheme using material insider information from the American crypto exchange.&amp; </p><h2><strong>Wahis To Return Ill Gotten Gains From Coinbase</strong></h2><p>According to a <a href="https://www.sec.gov/news/press-release/2023-98" rel="nofollow noopener">press release</a> from the SEC, the securities regulator and the Wahi brothers have agreed to settle the charges related to the insider trading scheme involving the listing of nine crypto tokens on Coinbase. Both the accused have agreed to be permanently enjoined from violating the Securities Exchange Act and return the ill-gotten gains from the crypto exchange, as well as the prejudgement interest. If approved by the Manhattan Federal Court, the SEC will not seek civil penalties against Ishan and Nikhil Wahi in light of their prison sentences. </p><blockquote class="wp-block-quote"><p>The federal securities laws do not exempt crypto asset securities from the prohibition against insider trading, nor does the SEC. I am grateful to the SEC staff for successfully working to resolve this matter.” </p><cite>Gurbir S. Grewal, Director of the SEC’s Division of Enforcement</cite></blockquote><p>The settlement between the securities regulator and the Wahi brothers brings the controversial court case to an end. The SEC claimed in its initial complaint that the nine crypto tokens involved in the case were securities. The settlement would leave the question regarding the tokens’ security status unanswered. Ishan Wahi was <a href="https://en.ethereumworldnews.com/coinbase-manager-2-years-insider-trading/">sentenced</a> to two years in prison earlier this month. His brother is currently serving a 10-month prison sentence. The brothers were ordered to forfeit more than $920,000 obtained from their insider trading scheme. </p>]]></description><link>https://m.coinsnews.com/former-coinbase-manager-and-us-sec-agree-to-settle-insider-trading-charges</link><guid>585540</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107101407-16600757712021-04-14t145534z_301822295_rc2qvm9axok0_rtrmadp_0_coinbase-ipo-770x433.jpeg</dc:content ><dc:text>Former Coinbase Manager And U.S. SEC Agree To Settle Insider Trading Charges</dc:text></item><item><title>FTX Prosecutors May Drop Criminal Charges Against Sam Bankman-Fried</title><description><![CDATA[<img width="645" height="363" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4.webp" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Prosecutors May Drop Criminal Charges Against Sam Bankman-Fried 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4.webp 645w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4-269x151.webp 269w" sizes="(max-width: 645px) 100vw, 645px" title="FTX Prosecutors May Drop Criminal Charges Against Sam Bankman-Fried 18"><ul><li>U.S. prosecutors have stated that they may drop some of the criminal charges filed against Sam Bankman-Fried.&amp; </li><li>The charges would be dropped if the Bahamas deems that they violate the terms of the FTX founder’s extradition.&amp; </li><li>Additional charges, including bank fraud conspiracy and foreign bribery, were added to SBF’s indictment after extradition.&amp; </li><li>The prosecutors have also urged the judge to deny Bankman-Fried’s motion to have the criminal charges dismissed.&amp; </li></ul><p>Prosecutors handling the case against <a href="https://en.ethereumworldnews.com/shaquille-oneal-served-ftx-lawsuit-again/">FTX’s</a> disgraced founder Sam Bankman-Fried have stated that they may drop some of the criminal charges filed against him. In a recent filing with the Manhattan Federal Court, U.S. prosecutors stated that they would not pursue some criminal counts if they violated the terms of Bankman-Fried’s extradition from the Bahamas. </p><h2><strong>FTX Prosecutors Will Drop Charges If The Bahamas Objects</strong></h2><p>According to a report by <a href="https://www.wsj.com/articles/sam-bankman-fried-could-have-some-charges-dropped-if-bahamas-objects-f3c22fce" rel="noopener">WSJ</a>, the United States Department of Justice stated in the court filing that it would drop the three additional criminal charges that were added to Sam Bankman-Fried’s criminal counts after his extradition from The Bahamas in December last year. The court filing was to express the U.S. government’s opposition to SBF’s motion to dismiss the criminal charges based on the rule of specialty. </p><p>Specialty is a principle of international law, which provides that a person who is extradited can be prosecuted or sentenced for the offense(s) for which extradition was granted and not for any other crime committed before extradition took place. Lawyers representing Bankman-Fried requested District Judge Lewis to dismiss the charges filed after the FTX founder’s extradition, which included conspiracy to commit bank fraud and conspiracy to bribe a Chinese official.</p><p>The Justice Department urged Judge Kaplan to deny SBF’s motion, describing it as “meritless”. However, the prosecutors stated that they would drop the additional charges if the Bahamas were to deem them a violation of Bankman-Fried’s extradition terms. The federal prosecutors are awaiting approval from the Bahamian government to proceed with the new criminal charges.&amp; </p><blockquote class="wp-block-quote"><p>The government will proceed on the new charges…if The Bahamas consents to trial on these charges, and will not proceed on those counts if The Bahamas denies the Government’s request”</p><cite>Federal Prosecutors</cite></blockquote>]]></description><link>https://m.coinsnews.com/ftx-prosecutors-may-drop-criminal-charges-against-sam-bankman-fried</link><guid>585485</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/9b3bba160f92d550df78336f347513b4.webp</dc:content ><dc:text>FTX Prosecutors May Drop Criminal Charges Against Sam Bankman-Fried</dc:text></item><item><title>Binance May Allow Institutional Clients To Keep Collateral At A Bank</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-770x578.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Binance May Allow Institutional Clients To Keep Collateral At A Bank 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-770x578.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-300x225.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-500x375.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-269x202.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-746x560.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge.webp 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Binance May Allow Institutional Clients To Keep Collateral At A Bank 20"><ul><li>Binance is exploring a plan to allow some of its traders to keep their trading collateral at a bank.&amp; </li><li>The crypto exchange is considering this new step to reduce counterparty risk.</li><li>This facility would be made available to institutional clients for margin trading in spot and derivatives.&amp; </li><li>Switzerland’s FlowBank and Liechtenstein&#8217;s Bank Frick are reportedly being considered to facilitate this service.&amp; </li></ul><p>The world’s largest crypto exchange is reportedly considering allowing some of its traders to store their trading collateral at a bank rather than on the crypto trading platform. Binance’s latest proposal would see traditional banking institutions hold the collateral in order to help reduce the counterparty risk. Two European banks are currently being considered as the institution that would help facilitate the safekeeping of the trading collateral.&amp; </p><h2><strong>Binance Would Lend Stablecoins In Exchange For Clients’ Cash</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-30/binance-may-let-some-clients-keep-trading-collateral-in-bank-accounts#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, Binance has been in contact with its institutional clients regarding its proposal to allow bank deposits to be used as collateral for margin trading in spot and derivatives. People familiar with the matter revealed that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been tapped as potential intermediaries to help provide this service to the crypto exchange’s customers. It is unclear if the service will be extended to retail traders. </p><p>Bloomberg’s request for comment was reportedly denied by a Binance spokesperson. Liechtenstein’s Bank Frick also declined to comment on the matter, citing bank secrecy laws. Switzerland’s FlowBank did not comment on any arrangements with Binance but stated that its banking license didn’t include crypto trading. As per one version of Binance’s proposal, the cash deposits of clients at the bank would be locked up through a tri-party arrangement. The crypto exchange would then lend stablecoins to the clients, which would serve as collateral for margin trading on the platform.&amp; </p><p><a href="https://en.ethereumworldnews.com/binance-invest-banks-pro-crypto-policies/">Binance’s</a> latest plan comes amid increasing scrutiny from clients that are worried about the safety of their funds in the event of the platform’s collapse. The bank deposit feature may help the crypto exchange regain some of the market share it lost this year. Crypto custody has become a major concern in light of the recent bankruptcies and scandals in the crypto industry. Nasdaq Inc, Bank of New York Mellon Corp., and Fidelity Investments are reportedly offering or building crypto custody solutions for institutions.</p>]]></description><link>https://m.coinsnews.com/binance-may-allow-institutional-clients-to-keep-collateral-at-a-bank</link><guid>585432</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1675331930_8d2c48a6844241c38c7710760654940b_v1675331930_xlarge-770x578.webp</dc:content ><dc:text>Binance May Allow Institutional Clients To Keep Collateral At A Bank</dc:text></item><item><title>Tether Ups Bitcoin Bet With BTC Mining In Uruguay</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tether" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Tether Ups Bitcoin Bet With BTC Mining In Uruguay 21"><p>Summary: </p><ul><li>Tether plans to tap into Uruguay&#8217;s renewable energy ecosystem and mine Bitcoin (BTC), crypto&#8217;s largest token by market cap.</li><li>The digital payment company is looking to diversify its operations after solidifying USDT&#8217;s position as the top stablecoin with an 83 billion token supply.</li><li>Tether recently started buying Bitcoin with 15% of net realized profits and holds over $1.5 billion in BTC.</li></ul><p>Tether, the company that issues crypto&#8217;s largest stablecoin USDT, <a href="https://tether.to/en/tether-invests-in-energy-production-and-sustainable-bitcoin-mining-in-uruguay/" target="_blank" data-type="URL" data-id="https://tether.to/en/tether-invests-in-energy-production-and-sustainable-bitcoin-mining-in-uruguay/" rel="noreferrer noopener nofollow">announced</a> plans to mine Bitcoin (BTC) in Uruguay using renewable and sustainable energy. </p><p>The Company&#8217;s CTO Paolo Ardoino said the Bitcoin mining operation in the South American region will combine &#8220;cutting-edge technology, sustainable practices, and financial innovation.&#8221; Tether&#8217;s plan works in partnership with a locally regulated company yet to be disclosed. </p><blockquote class="wp-block-quote"><p>By harnessing the power of Bitcoin and Uruguay&#8217;s renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining. Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin network.</p></blockquote><p>Uruguay is a leader in the renewable energy market, generating 94% of its power supply through wind farms, solar parks, and hydropower projects. The USDT issuer believes that Uruguay offers the modern infrastructure needed to sustainably mine BTC.</p><p>Today&#8217;s decision also comes at a time when mining is more profitable due to increased activity on the BTC network spurred by <a href="https://en.ethereumworldnews.com/bitcoin-inscription-ordinals-sold-35btc/" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-inscription-ordinals-sold-35btc/" target="_blank" rel="noreferrer noopener">memecoins and Ordinals</a>.</p><h2>Tether&#8217;s BTC Bag And Stablecoin Dominance</h2><p>Tether&#8217;s Bitcoin mining plans follow the company&#8217;s announcement about buying Bitcoin for its stablecoin reserves. According to the issuer, 15% of net realized profits will go towards purchasing more Bitcoins. The company also <a href="https://en.ethereumworldnews.com/tether-usdt-integrated-strike-bitcoin/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/tether-usdt-integrated-strike-bitcoin/" rel="noreferrer noopener">integrated</a> with Bitcoin lightning payment app Strike. </p><p>Already the company boasts over $1.5 billion in its BTC portfolio along with other assets like gold and treasury bills. This makes USDT&#8217;s issuer one of the largest corporate holders of Bitcoin but its holdings remain distant from MicroStrategy&#8217;s BTC coffers worth over $4.4 billion. </p><p>USDT&#8217;s dominance over the stablecoin market is strengthened following a U.S. banking crisis and enforcement actions that shook rivals like USDC. Tether&#8217;s coin has the highest stablecoin supply in the market with over 83 billion tokens market cap. </p><figure class="wp-block-image size-full"><img width="619" height="264" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_1D_graph_coinmarketcap-2.png" alt="Tether Ups Bitcoin Bet With BTC Mining In Uruguay 13" class="wp-image-582466" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_1D_graph_coinmarketcap-2.png 619w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_1D_graph_coinmarketcap-2-300x128.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_1D_graph_coinmarketcap-2-269x115.png 269w" sizes="(max-width: 619px) 100vw, 619px" title="Tether Ups Bitcoin Bet With BTC Mining In Uruguay 20"><figcaption><strong><a href="https://coinmarketcap.com/currencies/tether/" target="_blank" data-type="URL" data-id="https://coinmarketcap.com/currencies/tether/" rel="noreferrer noopener nofollow">USDT Market Cap by CoinMarketCap</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/tether-ups-bitcoin-bet-with-btc-mining-in-uruguay</link><guid>585433</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-Ups-Bitcoin-Bet-With-BTC-Mining-In-Uruguay-770x462.jpg</dc:content ><dc:text>Tether Ups Bitcoin Bet With BTC Mining In Uruguay</dc:text></item><item><title>Russia Drops Plan To Launch National Crypto Exchange</title><description><![CDATA[<img width="750" height="463" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Russia Drops Plan To Launch National Crypto Exchange 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia.jpg 750w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia-300x185.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia-500x309.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia-269x166.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia-746x461.jpg 746w" sizes="(max-width: 750px) 100vw, 750px" title="Russia Drops Plan To Launch National Crypto Exchange 21"><ul><li>The Russian government has abandoned the plan to launch a national cryptocurrency exchange. </li><li>The country will instead establish a regulatory regime for crypto trading platforms. </li><li>Russian authorities intend to use the country’s crypto exchange to facilitate cross-border transactions. </li><li>The country&#8217;s Central Bank will likely be in charge of regulating the crypto exchanges. </li></ul><p>Russia’s ambitious plan to establish a national cryptocurrency exchange has come to an end just six months after it was initially unveiled. The government instead plans to set up a regulatory infrastructure to oversee the development and operations of the country’s crypto trading platforms. The authorities aim to reduce the risk of inviting further <a href="https://en.ethereumworldnews.com/us-ukraine-russian-crypto-sanction-evader/">sanctions</a> while promoting competition in the crypto market.</p><h2><strong>Russia Will Use Crypto Exchanges For Cross-Border Settlements</strong></h2><p>According to a report by <a href="https://iz.ru/1519017/mariia-kolobova/novyi-bitok-v-rossii-poiaviatsia-pravila-sozdaniia-i-raboty-kriptobirzh" rel="nofollow noopener">Izvestia</a>, the Russian government has abandoned a plan to create a national crypto exchange in favor of healthy competition in the market. Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, told Izvestia that the government is now planning to set up a regulatory regime to regulate the country’s crypto exchanges. This would allow local businesses to settle cross-border transactions. Chairman Aksakov added that the new plan would also help local businesses to avoid the sanctions placed against the country. </p><p>Russia’s Ministry of Finance is reportedly on board with the revised plan to regulate the country’s crypto trading platforms. Ivan Chebeskov, Director of the Finance Ministry’s Financial Policy Department, told Izvestia that the Ministry was never keen on the idea of setting up a national crypto exchange. The Ministry is reportedly in favor of legally regulating such platforms. The Central Bank of the Russian Federation will likely regulate the country’s crypto trading platforms.&amp; </p><p>Russian authorities are hoping to foster the growth and development of new crypto exchanges through the revised regulatory policy for the crypto industry. It would also help minimize the risks of sanctions and infrastructure cyberattacks. The government’s decision to drop the national crypto exchange plan was welcomed by major crypto firms in the country. The plan received considerable opposition ever since it was unveiled in November last year. </p>]]></description><link>https://m.coinsnews.com/russia-drops-plan-to-launch-national-crypto-exchange</link><guid>585201</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bank-of-Russia.jpg</dc:content ><dc:text>Russia Drops Plan To Launch National Crypto Exchange</dc:text></item><item><title>Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-2048x1366.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-1376x918.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies 21"><ul><li>Binance is looking to invest in banks and become a minority investor in traditional financial institutions.&amp; </li><li>CEO Changpeng Zhao aims to encourage the banks towards crypto-friendly policies.&amp; </li><li>Binance stated last year that it may spend over $1 billion on deals in 2023, including a potential bank acquisition.&amp; </li></ul><p>The world’s largest crypto exchange is looking to pour funds into the traditional finance sector. Binance CEO <a href="https://en.ethereumworldnews.com/binance-us-cut-cz-stake-in-the-exchange/">Changpeng Zhao</a> stated earlier today that his company may become a minority investor in banks through cash investments, in a bid to inspire the banks to take a friendlier stance towards crypto and adopt pro-crypto policies. </p><h2><strong>Binance Considered Acquiring A Bank</strong></h2><p>Changpeng Zhao, the founder of Binance, appeared in a <a href="https://www.youtube.com/watch?v=R1mKwAxwAJ0" rel="nofollow noopener">Bankless</a> podcast earlier today. The crypto billionaire reflected on several topics including the fear, uncertainty, and doubt (FUD) surrounding his crypto exchange, the collapse of FTX, the regulatory landscape in the United States, and the future roadmap for his company. Speaking on the FUD around his crypto exchange, Zhao stated that the sheer size of the company made it an easy target for news agencies that aim to attract clicks and generate buzz by publishing negative stories. </p><p>When asked about plans to buy a bank in order to make it crypto-friendly, Changpeng Zhao revealed that his company looked into that option and did consider acquiring a TradFi bank. However, his company realized that the logistics and formalities would make it an unfeasible approach. Zhao revealed that buying a bank would still require it to comply with the regulatory policy of that jurisdiction. Additionally, the corresponding banks in the jurisdiction and abroad may choose to not interact with a crypto-friendly bank.&amp; </p><p>However, the Binance Chief stated that his company may make small investments in a few banks and become minority investors, in a bid to guide their management towards becoming more crypto-friendly and having pro-crypto policies. Zhao added that such a move wouldn’t guarantee a friendlier stance from the bank towards the crypto industry. Another concern that he pointed out was the business model that banks run on. According to Zhao, banks are risky businesses that don&#8217;t run on profitable and sound business models. Bloomberg reported last year that Binance is looking to pour in over $1 billion on deals in 2023, with a considerable portion potentially going toward the acquisition of a bank.</p>]]></description><link>https://m.coinsnews.com/binance-looking-to-invest-in-banks-to-encourage-pro-crypto-policies</link><guid>585169</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/221114191758-changpeng-zhao-june-16-770x513.jpg</dc:content ><dc:text>Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies</dc:text></item><item><title>Hong Kong Considers Huobi HK Crypto License After Unveiling Regulations</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Hong Kong" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations.png 977w" sizes="(max-width: 770px) 100vw, 770px" title="Hong Kong Considers Huobi HK Crypto License After Unveiling Regulations 19"><p>Summary: </p><ul><li>Huobi HK applied for a virtual asset exchange license after setting up shop locally in Hong Kong.</li><li>The new division of Huobi will now allow retail and institutional customers to trade crypto spot pairs through the main exchange website.</li><li>Other trading venues hope to apply for a similar license as Hong Kong recently unveiled a crypto licensing regime to bootstrap innovation and establish protection for investors.</li></ul><p>Crypto exchange Huobi <a href="https://twitter.com/HuobiGlobalzh/status/1663056188567883777?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/HuobiGlobalzh/status/1663056188567883777?s=20" rel="noreferrer noopener nofollow">applied</a> for a virtual asset exchange license with Hong Kong&#8217;s Securities and Futures Commission, per a statement issued today May 29.</p><p>The application is for the exchange&#8217;s new local division dubbed Huobi HK. Following the crypto license application, Huobi HK will now allow retail and institutional customers to trade crypto spot pairs through the main exchange website.</p><p>Users in Hong Kong will access trading facilities through the company&#8217;s main website while authorities <a href="https://en.ethereumworldnews.com/huobi-hong-kong-crypto-license/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/huobi-hong-kong-crypto-license/" rel="noreferrer noopener">consider the VAE license</a>. Huobi HK division will list major crypto tokens like Bitcoin (BTC) and Ether (ETH), per a May 26 announcement. </p><p>Today&#8217;s official notice added that Huobi HK will work with security experts and independent auditors to ensure compliance with local regulations. </p><blockquote class="wp-block-quote"><p>In the next six months, Huobi HK will work with independent auditors, focusing on the security, anti-money laundering and compliance of the platform to meet the requirements of the Hong Kong Securities Regulatory Commission and ensure the operation of the platform</p></blockquote><p>In other Huobi news, the exchange was <a href="https://en.ethereumworldnews.com/huobi-malaysia-unregistered-business/" data-type="URL" data-id="https://en.ethereumworldnews.com/huobi-malaysia-unregistered-business/" target="_blank" rel="noreferrer noopener">instructed</a> to cease operations by the Malaysia Securities Commission for operating an illegal business. </p><h2>Hong Kong Open For Business With Licensing Regime</h2><p>Huobi HK&#8217;s application for a crypto license follows a licensing regime introduced by Hong Kong authorities meant to protect investors and regulate crypto service providers. </p><p>Huobi in particular has been after a license in the area since February while other exchanges like OKX plan to apply for a crypto license. </p>]]></description><link>https://m.coinsnews.com/hong-kong-considers-huobi-hk-crypto-license-after-unveiling-regulations</link><guid>585140</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hong-Kong-Considers-Huobi-HK-Crypto-License-After-Unveiling-Regulations-770x433.png</dc:content ><dc:text>Hong Kong Considers Huobi HK Crypto License After Unveiling Regulations</dc:text></item><item><title>SEC Lawsuit Against Gemini And Genesis Challenged In Court</title><description><![CDATA[<img width="346" height="231" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/SEC-Charges-11-Individuals-In-300-Million-Forsage-Ponzi-Scheme.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="sec" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/SEC-Charges-11-Individuals-In-300-Million-Forsage-Ponzi-Scheme.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/SEC-Charges-11-Individuals-In-300-Million-Forsage-Ponzi-Scheme-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/SEC-Charges-11-Individuals-In-300-Million-Forsage-Ponzi-Scheme-269x180.jpg 269w" sizes="(max-width: 346px) 100vw, 346px" title="SEC Lawsuit Against Gemini And Genesis Challenged In Court 21"><p>Summary: </p><ul><li>Gemini and Genesis moved to throw out a lawsuit built on securities violation claims made by the U.S. Securities and Exchange Commission.</li><li>In January, the U.S. watchdog filed a suit arguing that Gemini and Genesis offered unregistered securities and ignored investor protection procedures.</li><li>Crypto exchange Gemini filed that the regulator&#8217;s view of a tri-party MDALA contract between the digital asset entities and Earn Users &#8220;has no basis in law or fact.&#8221;</li></ul><p>Gemini and Genesis filed to throw out a <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.592343/gov.uscourts.nysd.592343.30.0.pdf" target="_blank" data-type="URL" data-id="chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://storage.courtlistener.com/recap/gov.uscourts.nysd.592343/gov.uscourts.nysd.592343.30.0.pdf" rel="noreferrer noopener nofollow">lawsuit</a> claiming securities law violations submitted by the U.S. Securities and Exchange Commission (SEC) in connection to an Earn Program offered by the Winklevoss-founded crypto exchange. </p><p>In January, the commission wrote that Gemini and bankrupt <a href="https://en.ethereumworldnews.com/digital-currency-group-refinance-debt/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/digital-currency-group-refinance-debt/" rel="noreferrer noopener">Genesis</a> raised billions from investors who tapped into Gemini&#8217;s Earn product. Earn boasted hundreds of thousands of users who had access to crypto borrowing and lending facilities. </p><p>At the time, <a href="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" rel="noreferrer noopener">Gemini</a> co-founder Tyler Winklevoss called the suit a &#8220;manufactured parking ticket&#8221; while lawyers from both the crypto exchange and Genesis filed that the suit &#8220;has no basis in law or fact.&#8221;</p><p>According to the U.S. watchdog, Gemini did not register Earn in line with securities laws before offering the product to investors. The suit further argued that Genesis, one of the sides in a tri-party agreement, deployed client funds toward revenue generation strategies. Genesis also directed part of this revenue to Earn subscribers in the form of interest, a business model that must be cleared by regulators per the commission&#8217;s stand.</p><p>The filing from the watchdog insisted that Gemini and Genesis failed to protect investors by not providing proper disclosure regarding Earn. </p><h2>SEC, U.S. Regulators Tighten Grip On Crypto Enforcement</h2><p>Gemini and Genesis are two entities in a growing list of companies under pressure from U.S. regulators. Kraken was forced to shut down its staking service for American customers supposedly for breaking local law. The exchange also paid a $30 million fine but did not admit to any violations. </p><p>Paxos and Binance were also subjects of lawsuits and enforcement actions as regulators across the U.S. crackdown on allegedly illegal players. The <a href="https://en.ethereumworldnews.com/sec-continue-enforcement-action-coinbase/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-continue-enforcement-action-coinbase/" rel="noreferrer noopener">uncertainty</a> surrounding regulations in America has now galvanized entities like <a href="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" rel="noreferrer noopener">Coinbase</a> to seek offshore options. </p>]]></description><link>https://m.coinsnews.com/sec-lawsuit-against-gemini-and-genesis-challenged-in-court</link><guid>585099</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/08/SEC-Charges-11-Individuals-In-300-Million-Forsage-Ponzi-Scheme.jpg</dc:content ><dc:text>SEC Lawsuit Against Gemini And Genesis Challenged In Court</dc:text></item><item><title>Binance Set To Launch Crypto Exchange In Thailand By Q4’23</title><description><![CDATA[<img width="770" height="480" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-770x480.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Set To Launch Crypto Exchange In Thailand By Q4’23 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-770x480.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-300x187.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-500x312.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-269x168.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-746x465.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Set To Launch Crypto Exchange In Thailand By Q4’23 21"><ul><li>Binance is set to launch a crypto exchange in Thailand by the fourth quarter of 2023.&amp; </li><li>Thailand’s Ministry of Finance has granted a regulatory license to a joint venture between Binance and Gulf Energy.&amp; </li><li>The crypto exchange plans to become the leading provider of infrastructure services for the digital asset ecosystem in Thailand.</li></ul><p>The world’s largest crypto exchange has secured the necessary regulatory approvals to set up operations in Thailand. The Thai Ministry of Finance has granted digital asset operator licenses to <a href="https://en.ethereumworldnews.com/binance-reuters-commingling-user-funds/">Binance</a> and its partner Gulf Energy, paving the way for the establishment of a new crypto exchange in Thailand by the fourth quarter of 2023. </p><h2><strong>Gulf Binance To Launch SEC Complaint Crypto Exchange</strong></h2><p>According to a <a href="https://cryptotale.org/binance-launches-crypto-exchange-in-thailand-by-q42023-secures-licenses/" rel="nofollow noopener">press release</a> from Binance, Gulf Binance, the joint venture between Gulf Energy’s innovation subsidiary Gulf Innova and the crypto giant, received the green flag from Thailand’s Finance Ministry to set up a digital asset exchange regulated by the country’s Securities and Exchange Commission (SEC). The exchange will reportedly go live between October and December 2023. </p><blockquote class="wp-block-quote"><p>By harnessing Binance&#8217;s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users. Local users can expect access to a trusted and regulated service that prioritizes user security alongside compliance with local regulations.” </p><cite>Richard Teng, Binance’s Head of Asia, Europe, and MENA</cite></blockquote><p>The joint venture will see Binance contribute its extensive expertise in the digital asset space and Gulf contributing its local industry knowledge and established presence in Thailand. Gulf Binance is aiming to leverage the partnership to create a digital asset exchange and digital asset broker compliant with local regulatory guidelines in order to maximize value for its Thai users. The joint venture eventually plans to become the leading provider of infrastructure services for the digital asset ecosystem in Thailand. Nurturing local web3 talent and fostering the growth of the Thai blockchain ecosystem is part of Gulf Binance’s roadmap.</p>]]></description><link>https://m.coinsnews.com/binance-set-to-launch-crypto-exchange-in-thailand-by-q423</link><guid>584557</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/kharkov-ukraine-april-binance-app-close-up-buy-bitcoin-application-mobile-crypto-exchange-216688014-770x480.jpg</dc:content ><dc:text>Binance Set To Launch Crypto Exchange In Thailand By Q4’23</dc:text></item><item><title>Former Coinone Exec Answers Bribery Allegations In South Korean Court</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-770x385.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinone" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-770x385.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-500x250.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-746x373.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Former Coinone Exec Answers Bribery Allegations In South Korean Court 21"><p>Summary: </p><ul><li>A Lawyer for Coinone’s former Listing Director Mr. Jeon and his broker Mr Ko responded to bribery charges during a hearing on Thursday.</li><li>South Korean prosecutors claim Mr. Jeon took $1.51 million in bribes for exclusively listing “Furiever Coin” on the crypto exchange Coinone.</li><li>The token is tied to a murder investigation in Gangnam, a district in the capital Seoul.</li><li>Mr. Jeon’s attorney said the defense will provide a final opinion after reviewing all available evidence.</li></ul><p>&#8220;Mr. Jeon&#8221;, the former director of listing at crypto exchange Coinone, formally recognized bribery charges against him and his broker &#8220;Mr. Ko&#8221; during a South Korean court hearing on May 25.</p><p>&#8220;I admit the facts of the prosecution.&#8221; an attorney for the former Coinone exec said at a hearing, reports from <a href="https://www.yna.co.kr/view/AKR20230525091000004?section=economy/cryptocurrency" data-type="URL" data-id="https://www.yna.co.kr/view/AKR20230525091000004?section=economy/cryptocurrency" target="_blank" rel="noreferrer noopener nofollow">Yonhap News</a> reported. </p><p>The admission does not necessarily mean a guilty plea. Rather it serves as an acknowledgment of the charges and claims made by South Korean prosecutors. Mr. Jeon&#8217;s attorney said a final opinion will be communicated to the court after all available evidence is reviewed. </p><h2>Coinone Crypto Listing Scandal</h2><p>The former head of Coinone&#8217;s listing machinery is accused of accepting around $1.51 million or 2 billion won for exclusively listing a cryptocurrency &#8211; Furiever Coin. Prosecutors named Furiever Coin as a point of interest in a murder investigation following a kidnapping in Gangnam, &amp; a district in the capital city of Seoul. </p><p>A broke identified as Mr.Ko is said to be involved in the deal and the cheat listing that followed. Mr. Ko is also facing charges in a South Korean court alongside Coinone&#8217;s former director of listing. </p><h2>South Korean Crypto Prosecutors On The Prowl</h2><p>The country is beefing up laws and policies following collapses like Terraform Labs from last year. Lawmakers are currently reviewing bills to standardize the crypto industry in South Korea while punishing non-compliers and protecting customers. </p><p>A bill was recently passed requiring policymakers and politicians to <a href="https://www.forbesindia.com/article/cryptocurrency/south-koreas-ruling-party-asks-for-acceleration-of-bill-on-declaration-of-virtual-assets/85171/1" target="_blank" data-type="URL" data-id="https://www.forbesindia.com/article/cryptocurrency/south-koreas-ruling-party-asks-for-acceleration-of-bill-on-declaration-of-virtual-assets/85171/1" rel="noreferrer noopener nofollow">disclose</a> their crypto holdings. Authorities are also working on extraditing <a href="https://en.ethereumworldnews.com/do-kwon-bail-denied-montenegro-high-court/" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-bail-denied-montenegro-high-court/" target="_blank" rel="noreferrer noopener">TerraUSD creator Do Kwon</a>. </p>]]></description><link>https://m.coinsnews.com/former-coinone-exec-answers-bribery-allegations-in-south-korean-court</link><guid>584439</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/08/South-Korea-Mulls-10-50-Crypto-Tax-On-Token-Airdrops-770x385.jpg</dc:content ><dc:text>Former Coinone Exec Answers Bribery Allegations In South Korean Court</dc:text></item><item><title>DCG Packs Up Institutional Trading Platform TradeBlock</title><description><![CDATA[<img width="770" height="481" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-770x481.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="DCG" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-770x481.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-300x188.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-500x313.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-269x168.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-746x466.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="DCG Packs Up Institutional Trading Platform TradeBlock 21"><p>Summary: </p><ul><li>TradeBlock will shutter its institutional trading platform come May 31, per a DCG announcement.</li><li>Bloomberg reported that parent company Digital Currency Group (DCG) arrived at the decision amidst the hostile crypto regulatory atmosphere in the U.S.</li><li>The company is also experiencing cash problems and missed a $630 debt repayment to crypto exchange Gemini.</li><li>DCG subsidiary <a href="https://en.ethereumworldnews.com/genesis-bankruptcy-binance-shun-lender/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/genesis-bankruptcy-binance-shun-lender/" rel="noreferrer noopener">Genesis</a> declared bankruptcy following frozen withdrawals and exposure to collapsed crypto entities.</li></ul><p>Digital Currency Group (DCG) will close the curtain on its institutional trading platform TradeBlocks due to financial hurdles and tensions that characterize the U.S. crypto regulatory landscape. </p><blockquote class="wp-block-quote"><p>Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the US, we made the decision to sunset the institutional trading platform side of the business.</p><cite>&#8211; A DCG spokesperson to <a href="https://www.bloomberg.com/news/articles/2023-05-25/digital-currency-group-closes-tradeblock-institutional-platform" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-25/digital-currency-group-closes-tradeblock-institutional-platform" rel="noreferrer noopener nofollow">Bloomberg</a>.</cite></blockquote><p>TradeBlock clients will have access to the platform until May 31 when the institutional trading service will officially shut down. It&#8217;s not yet clear how client withdrawals, balances, and assets will be handled. </p><h2>DCG&#8217;s Floating Company Portfolio</h2><p>TradeBlock was acquired by crypto news outlet CoinDesk &#8211; another Digital Curren Group-owned company &#8211; in January 2021 for an undisclosed fee. CoinDesk rebranded the startup&#8217;s institutional-grade market index infrastructure and rebranded the offering to CoinDesk Indices. TradeBlock&#8217;s other offerings were left to operate as a standalone business. </p><p>Barry Silber&#8217;s Digital Currency Group has experienced uncertain times since the acquisition. CoinDesk engaged investors in January over a potential takeover as its parent company fell into financial difficulties. The conglomerate closed its wealth management division HQ in the same month. </p><p>Last year, the group downsized its workforce by some 500 employees and posted $1 billion in losses thanks to crypto meltdowns following crashes like FTX and Three Arrows Capital. </p><p>Recently DCG missed a $630 million repayment to crypto exchange Gemini. The exchange said DCG owes the massive amount to its <a href="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/gemini-genesis-winklevoss-dcg-lawsuit/" rel="noreferrer noopener">Earn users</a>. Gemini could explore a <a href="https://en.ethereumworldnews.com/gemini-genesis-agree-on-mediation-process/" data-type="URL" data-id="https://en.ethereumworldnews.com/gemini-genesis-agree-on-mediation-process/" target="_blank" rel="noreferrer noopener">forbearance option</a> that could allow Digital Currency Group and its bankrupt <a href="https://en.ethereumworldnews.com/digital-currency-group-refinance-debt/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/digital-currency-group-refinance-debt/" rel="noreferrer noopener">Genesis</a> arm to resume payments at a later date but that depends on The Group&#8217;s approach toward an agreement, the Winklevi-founded company said. </p>]]></description><link>https://m.coinsnews.com/dcg-packs-up-institutional-trading-platform-tradeblock</link><guid>584440</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG-Packs-Up-Institutional-Trading-Platform-TradeBlock-770x481.jpg</dc:content ><dc:text>DCG Packs Up Institutional Trading Platform TradeBlock</dc:text></item><item><title>Crypto Exchange Gemini To Establish European Headquarters In Ireland</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Exchange Gemini To Establish European Headquarters In Ireland 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini.jpg 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Exchange Gemini To Establish European Headquarters In Ireland 21"><ul><li>Gemini Trust Co. has picked Dublin, Ireland as the headquarters for its European operations.&amp; </li><li>The Winklevoss-owned crypto exchange cited Dublin’s thriving start-up scene as one of the reasons for its decision.&amp; </li><li>Fellow crypto exchanges, including Binance, OKX, and Crypto.com have opted for Paris as their European headquarters.</li><li>Gemini became the first company to be registered as a Virtual Asset Service Provider by the Central Bank of Ireland last year.&amp; </li></ul><p>United States-based Gemini Trust Co. has picked Ireland for its European headquarters. The Winklevoss-owned crypto exchange has announced that it will oversee its European operations out of Dublin. The news comes amid an industry-wide push among American crypto exchanges to increase their global footprint in light of intensifying regulatory crackdown in the United States.&amp; </p><h2><strong>Gemini Encouraged By Dublin’s Thriving Start-up Culture</strong></h2><p>According to a report by <a href="https://news.bloomberglaw.com/business-and-practice/crypto-exchange-gemini-picks-ireland-for-europe-headquarters" rel="nofollow noopener">Bloomberg</a>, Gemini cited Dublin’s thriving start-up culture as one of the reasons for picking it as its European base of operations. The Irish capital’s pool of talent was another factor that prompted the Winklevoss-owned exchange to establish its European headquarters there. The Markets in Crypto Assets (MiCA) regulations approved by the European Union last month are a big motivating factor behind several crypto entities in the U.S. considering a shift across the Atlantic. </p><p>Irish Prime Minister Leo Varadkar took to Twitter earlier today to congratulate <a href="https://en.ethereumworldnews.com/philippines-gemini-derivatives-exchange/">Gemini</a> on its latest decision and welcome the crypto exchange to Ireland. PM Varadkar added that the exchange’s decision to set up its headquarters in Dublin was a significant indicator of the government’s dedication to innovation. In July last year, the crypto exchange became the first company to be registered as a virtual asset service provider by the Central Bank of Ireland. </p><blockquote class="wp-block-quote"><p>Gemini&#8217;s decision to locate in Ireland highlights our competitive offering for the international financial services sector. I wish Gemini every success as they build their team in Ireland.” </p><cite>Leo Varadkar, Prime Minister of Ireland</cite></blockquote><p>Gemini’s decision to set up its European headquarters in Dublin comes less than a month after it launched an offshore crypto derivatives trading platform as part of a global push. Paris has emerged as the more popular destination for crypto entities looking to establish their European headquarters. Crypto exchanges, including Binance, OKX, and Crypto.com, have based their European operations in Paris, France.&amp; </p>]]></description><link>https://m.coinsnews.com/crypto-exchange-gemini-to-establish-european-headquarters-in-ireland</link><guid>584279</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x513.jpg</dc:content ><dc:text>Crypto Exchange Gemini To Establish European Headquarters In Ireland</dc:text></item><item><title>Arrington Led Consortium Featuring Coinbase Acquires Celsius’ Assets</title><description><![CDATA[<img width="318" height="159" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.png" class="webfeedsFeaturedVisual wp-post-image" alt="Arrington Led Consortium Featuring Coinbase Acquires Celsius’ Assets 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.png 318w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-269x135.png 269w" sizes="(max-width: 318px) 100vw, 318px" title="Arrington Led Consortium Featuring Coinbase Acquires Celsius’ Assets 18"><ul><li>A consortium of investors called Fahrenheit, led by Arrington Capital, has won the bid to acquire Celsius’ assets.&amp; </li><li>The consortium, which includes Coinbase, beat NovaWulf LLC and another group of investors, that included Gemini.&amp; </li><li>Celsius’ restructuring will begin right away with over $400 million allocated for its development.&amp; </li><li>Fahrenheit’s winning bid means that NovaWulf is owed up to $20 million in break-up fees.</li></ul><p>Celsius Network’s months-long bankruptcy auction has finally come to an end, with Arrington Capital-led Fahrenheit emerging as the top bidder for the bankrupt crypto lender’s assets. The new owners of Celsius’ assets include <a href="https://en.ethereumworldnews.com/coinbase-sings-licensing-deal-bitpanda/">Coinbase</a>, US Bitcoin Corp, Algorand’s former CEO Steven Kokinos, and investment banker Ravi Kaza. This consortium of investors also had the support of senior executives at Wall Street giant Fortress Investment Group. </p><h2><strong>Celsius’ New Owners Plan To Scale Up Mining Operations</strong></h2><p>According to a <a href="https://www.businesswire.com/news/home/20230525005382/en/Celsius-Announces-Fahrenheit-LLC-as-Winning-Bidder-to-Manage-New-Entity-to-Be-Owned-by-Celsius-Creditors" rel="nofollow noopener">press release</a> from the Celsius Network, the bankrupt crypto lender’s new owners will provide the required capital and technical resources to successfully establish the new company, in line with the firm’s Chapter 11 plan. The plan also provides for Celsius’ liquid crypto assets to its account holders, along with settlements with the custody and withhold groups. A new company will be created to manage the crypto lender’s illiquid assets, including its institutional loan portfolio, mining business, and alternative investments. </p><p>The bankrupt crypto lender’s account holders will have 100% of the new equity in the new company. This firm will be overseen by a board of directors that will be appointed by the creditors. The new owners will allocate up to $500 million in liquid cryptocurrency for the new company. Fahrenheit LLC’s US Bitcoin Corp will build and energize crypto mining facilities with a 100-megawatt capacity in order to scale up Celsius’ bitcoin mining operations immediately.&amp; </p><blockquote class="wp-block-quote"><p>“We are very pleased that our competitive auction process produced a positive result for customers, including, most prominently, hundreds of millions of dollars in lower management fee savings and increased liquid cryptocurrency distributions to Celsius’ customers.” </p><cite>David Barse and Alan Carr, members of the Special Committee of the Board.</cite></blockquote><p>Fahrenheit LLC beat other investor groups, including NovaWulf Digital Management, which was backed by Apollo Global Management, and the Blockchain Recovery Investment Committee, which was backed by the Winklevoss-owned Gemini Trust. NovaWulf’s defeat entitles it to up to $20 million in break-up fees.&amp; </p>]]></description><link>https://m.coinsnews.com/arrington-led-consortium-featuring-coinbase-acquires-celsius-assets</link><guid>584237</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.png</dc:content ><dc:text>Arrington Led Consortium Featuring Coinbase Acquires Celsius’ Assets</dc:text></item><item><title>Deposits For 10 Bridged Coins Halted On Binance As Multichain Concerns Escalate</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Deposits For 10 Bridged Coins Halted On Binance As Multichain Concerns Escalate 20"><p>Summary:</p><ul><li>Binance suspended deposits for 10 bridged crypto coins pending an update from the Multichain team.</li><li>The Binance deposits for these coins are only affected on four blockchains &#8211; Avalanche, BNB Chain, Ethereum, and Fantom networks.</li><li>The temporary deposit suspension on Binance follows growing concerns about the Multichain protocol and unverified rumors about the teams&#8217; arrest in China</li></ul><p>Major crypto exchange Binance <a href="https://twitter.com/binance/status/1661649462387957760?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/binance/status/1661649462387957760?s=20" rel="noreferrer noopener nofollow">suspended</a> deposits for 10 bridged crypto coins pending an update from the Multichain team.</p><p>The bridged tokens include pairs like AVA-ETH, ALPACA-FTM, FTM-ETH, and ACH-BSC to name a few. These 10 affected crypto coin deposits are spread across four different blockchain networks &#8211; Avalanche, BNB Chain, Ethereum, and Fantom. </p><p>The temporary halt on deposits will remain until <a href="https://en.ethereumworldnews.com/binance-reuters-commingling-user-funds/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-reuters-commingling-user-funds/" rel="noreferrer noopener">Binance</a> receives &#8220;clarity from the Multichain team&#8221;, an update from the crypto exchange said on Thursday. Binance clarified that users will be able to deposit these assets on other networks and the exchange.</p><h2>Multichain&#8217;s &#8220;force majeure&#8221;</h2><p>Today&#8217;s update is the latest development in an ongoing saga with Multichain. The protocol which allows users to move assets across multiple chains by acting as a bridge, suffered technical issues according to the team. </p><p>Several transactions are now jammed on the protocol on bridges linked to chains like Polygon zkEVM and zkSync. The team later claimed “force majeure&#8221; as the problem amid rising concerns about Multichain&#8217;s <a href="https://defillama.com/protocol/multichain" target="_blank" data-type="URL" data-id="https://defillama.com/protocol/multichain" rel="noreferrer noopener nofollow">$1.5 billion TVL</a> protocol.</p><p>These concerns turned up a notch following radio silence from the protocol after its last vague update to the community. Also, there are rumors that the core Multichain team was arrested in China. The protocol has neither denied nor responded to the claims at press time. </p><p>Fears surrounding the protocol have seemingly led players like the Fantom Foundation, crypto investment company Haskkey, and Justin Sun to pull out almost $3 million combined from Multichain. </p><h2>Binance Enters NFT Lending Market With Ether Loans</h2><p>In other Binance news, the crypto exchange will allow users of its NFT marketplace to borrow crypto tokens against NFT collateral. </p><p>The new feature comes with no fees and a 7.91% p/a interest rate. Users will be able to <a href="https://www.binance.com/en/nft/loan" target="_blank" data-type="URL" data-id="https://www.binance.com/en/nft/loan" rel="noreferrer noopener nofollow">offer</a> up their blue-chip NFTs from collections like Bored Apes and Azuki as collateral for ETH loans. </p>]]></description><link>https://m.coinsnews.com/deposits-for-10-bridged-coins-halted-on-binance-as-multichain-concerns-escalate</link><guid>584194</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Binance-Could-Launch-Crypto-Trading-Services-In-The-Emirates-By-June-2022-770x513.jpg</dc:content ><dc:text>Deposits For 10 Bridged Coins Halted On Binance As Multichain Concerns Escalate</dc:text></item><item><title>Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-770x404.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-770x404.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-300x158.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-1024x538.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-500x263.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-269x141.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-746x392.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda 20"><ul><li>Coinbase has signed a licensing deal with Bitpanda to cater to European banks serving crypto clients.&amp; </li><li>The partnership will see the American exchange provide liquidity and custody services to Bitpanda.&amp; </li><li>The latest deal is part of Coinbase’s efforts to increase its presence abroad amid intensifying crackdown in the U.S.&amp; </li></ul><p>American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-l2-base-mainnet-launch-no-token/">Coinbase</a> has signed a licensing deal with Vienna-based Bitpanda, amid its push to increase its global presence. The deal will see the Austrian crypto exchange connect its American counterpart with European financial institutions that are looking to offer crypto products to their clients. </p><h2><strong>Coinbase Seeks To Increase Global Footprint Amid U.S. Crypto Crackdown</strong></h2><p>According to a recent report by<a href="https://www.coindesk.com/business/2023/05/24/bitpanda-partners-with-coinbase-to-help-europes-banks-offer-customers-crypto/" rel="nofollow noopener"> CoinDesk</a>, the new partnership will see Coinbase use Bitpanda’s B2B infrastructure layer provider to cater to European banks and fintech firms. The American exchange will provide liquidity and custody to Bitpanda, which already has relationships with several banks, neo-banks and fintech platforms, including Raiffeisenlandesbank, European mobile </p><p>Speaking on the deal with Coinbase, Bitpanda’s COO Lukas Enzersdorfer-Konrad said that the American exchange will be able to leverage Bitpanda’s services to use an infrastructure middle layer and increase its customer base in Europe. During the announcement, both exchanges highlighted that they are regulated entities that conform to the highest know your customer (KYC) norms.&amp; </p><blockquote class="wp-block-quote"><p>They understand how much business they are missing out on, and also how much more of their customer base would do that business, if they had enough trust in the process.” </p><cite>Lukas Enzersdorfer-Konrad, COO at Bitpanda </cite></blockquote><p>Coinbase’s European push comes shortly after the European parliament voted to approve the highly anticipated Markets in Crypto-Assets (MiCA) regulatory framework for its crypto industry. Apart from the easing regulations in the European market, the crypto exchange&#8217;s latest move is also prompted by the intensifying crackdown on crypto entities in the United States.</p>]]></description><link>https://m.coinsnews.com/coinbase-inks-licensing-deal-to-provide-liquidity-and-custody-services-to-bitpanda</link><guid>584088</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/bitpanda-vs-coinbase-770x404.png</dc:content ><dc:text>Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda</dc:text></item><item><title>Coinbase’s L2 Base Gears Up For Mainnet Launch, No Plans For Network Token</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-770x385.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase’s L2 Base Gears Up For Mainnet Launch, No Plans For Network Token 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-770x385.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-300x150.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-1024x512.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-500x250.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-561x280.jpeg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-1146x573.jpeg 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-269x135.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-746x373.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE.jpeg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase’s L2 Base Gears Up For Mainnet Launch, No Plans For Network Token 20"><ul><li>Coinbase’s layer 2 network Base recently published its mainnet launch criteria.&amp; </li><li>Base’s mainnet will go live after Optimism’s Bedrock upgrade, full audits, and demonstration of testnet stability.&amp; </li><li>Since testnet, the network has attracted several builders from gaming, NFTs, and DeFi verticals.&amp; </li><li>The L2 network confirmed that there are no plans to issue a network token for now.&amp; </li></ul><p>Coinbase’s layer 2 network Base is gearing up for its widely anticipated mainnet launch. The Base team published a roadmap titled “Path to Mainnet” earlier today that provided an insight into the network’s progress and upcoming milestones in the run-up to its mainnet launch. <a href="https://en.ethereumworldnews.com/coinbase-lobbying-dc-nationwide-campaign/">Coinbase</a> also listed a series of objectives to be fulfilled before its L2 solution’s mainnet goes live later this year. </p><h2><strong>Base Doesn’t Plan To Issue A Network Token</strong></h2><p>According to a <a href="https://base.mirror.xyz/gxOzGCE-9C7cNZBCo4Ubkkxr87L8BcHDfn5HViSdYGg" rel="nofollow noopener">blog post</a> by Base, safety and security are the top priorities for the network as it gears up for its mainnet debut. The key milestones to the way to mainnet include the demonstration of testnet stability, Optimism’s successful upgrade of Bedrock, and the completion of reviews and audits. The completed milestones include the completion of the Regolith hardfork in testnet and the infrastructure review with Optimism’s team ahead of the Bedrock upgrade. </p><p>The objective remains to increase economic freedom and opportunity around the world by onboarding the next million developers and billion users into the crypto economy. Contradictory to the speculation in the crypto community online, Base stated that there are no plans to issue a network token.&amp; </p><blockquote class="wp-block-quote"><p>Following Mainnet Genesis begins our Genesis Window — a focused, coordinated window for developers to deploy dapps on Base mainnet. During this window, we will be exclusively focusing on developers and providing support to ensure they are successful.” </p><cite>Base team</cite></blockquote><p>Base revealed that it had attracted tremendous interest from the developer community and projects from several spaces. including Gaming, NFTs, Infrastructure, Developer Tooling, Wallets, Security, DeFi, Oracles, Analytics, Bridging, Payments, DAOs, and Social. Among the most exciting builders on Base are Blackbird, Parallel, Thirdweb, and OAK. The team behind the L2 network also launched a “Path to Base Mainnet NFT” that users can mint to commemorate this milestone.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbases-l2-base-gears-up-for-mainnet-launch-no-plans-for-network-token</link><guid>584057</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BASE-770x385.jpeg</dc:content ><dc:text>Coinbase’s L2 Base Gears Up For Mainnet Launch, No Plans For Network Token</dc:text></item><item><title>Shaquille O’Neal Served In FTX Lawsuit For A Second Time</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Shaquille O’Neal Served In FTX Lawsuit For A Second Time 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-1536x1024.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-1376x917.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359.webp 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Shaquille O’Neal Served In FTX Lawsuit For A Second Time 20"><ul><li>Shaquille O’Neal has been served in Miami by a law firm representing FTX creditors.&amp; </li><li>The NBA legend was served for a second time while he was attending a basketball game.&amp; </li><li>Shaq was previously served by the same lawsuit, but he disputed the manner in which he was served.&amp; </li><li>O’Neal has been accused of evading multiple attempts by process servers to serve the summons.&amp; </li></ul><p>NBA legend Shaquille O’Neal has been served in the class action lawsuit against <a href="https://en.ethereumworldnews.com/celebrities-promoted-ftx-victims-cant-sue/">FTX</a> founder Sam Bankman-Fried, again. The law firm representing thousands of customers that were defrauded by the Bahamas-based bankrupt crypto exchange, recently revealed that it had managed to serve the basketball Hall of Famer for a second in Miami. </p><h2><strong>Shaq Was Served At Stadium Formerly Known As FTX Arena</strong></h2><p>According to a report by T<a href="https://www.wsj.com/articles/shaq-served-again-in-ftx-lawsuitat-former-ftx-arena-a2ccbfd8" rel="noopener">he Wall Street Journal</a>, Shaquille O’Neal was served earlier this week during Game 4 of the NBA’s Eastern Conference Finals held at Kaseya Center in Miami, which was formerly known as FTX Arena. O’Neal was commentating on the match between the Miami Heat and Boston Celtics when he was served by the process servers of the Moskowitz Law Firm that represents thousands of the bankrupt crypto exchange’s stranded customers. </p><blockquote class="wp-block-quote"><p>It seems absurd to have to go to such great lengths to serve Mr. O’Neal. I hope we can just get to the merits of the case.” </p><cite>Adam Moskowitz, The Moskowitz Law Firm</cite></blockquote><p>According to the Moskowitz Law Firm’s Adam Moskowitz, the process servers were instructed to serve O’Neal again for the FTX lawsuit, to ensure that any allegations of improper serving do not hold up the court proceedings in the future. Last month the process servers tossed the legal documents into Shaq’s moving car in Atlanta, Georgia. However, his lawyers attempted to get the lawsuit dismissed on the grounds that the process servers served him improperly by throwing the summons into his vehicle.&amp; </p><p>The judge overseeing the case against FTX and its disgraced founder denied Shaq’s motion to have the case dismissed. Shaq previously defended himself by claiming that he never believed in crypto. “A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” the NBA star stated at the time.</p>]]></description><link>https://m.coinsnews.com/shaquille-oneal-served-in-ftx-lawsuit-for-a-second-time</link><guid>584016</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/NYPICHPDPICT000008117020-e1678663070359-770x513.webp</dc:content ><dc:text>Shaquille O’Neal Served In FTX Lawsuit For A Second Time</dc:text></item><item><title>Do Kwon’s Bail Hopes Dashed By Montenegro High Court</title><description><![CDATA[<img width="746" height="497" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations-269x179.jpg 269w" sizes="(max-width: 746px) 100vw, 746px" title="Do Kwon’s Bail Hopes Dashed By Montenegro High Court 20"><p>Summary: </p><ul><li>A High Court in Montenegro repealed bail terms for TerraUSD creator Do Kwon and his colleague Han Chang-Joon.</li><li>Do Kwon and his former CFO Han were each granted €400,000 ($437,000) bail in a travel paper forgery case.</li><li>Local prosecutors appealed the decision, arguing that Kwon and his CFO were flight risks.</li><li>The decision will now return to the Basic Court which initially granted bail a day after Kwon&#8217;s lawyers filed the request.</li><li>Authorities in Montenegro, South Korea, and the U.S. continue to debate extradition rights.</li></ul><p>Do Kwon and his former CFO Han Chang-Joon will not be granted bail after a Montenegrin High Court overruled a previous approval for their release, per <a href="https://www.bloomberg.com/news/articles/2023-05-24/crypto-mogul-do-kwon-s-bail-is-revoked-in-montenegro?sref=3REHEaVI#xj4y7vzkg&amp;in_source=embedded-checkout-banner&amp;leadSource=uverify%20wall" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-24/crypto-mogul-do-kwon-s-bail-is-revoked-in-montenegro?sref=3REHEaVI#xj4y7vzkg&amp;in_source=embedded-checkout-banner&amp;leadSource=uverify%20wall" rel="noreferrer noopener nofollow">Bloomberg</a>.</p><p>A Basic Court ruled to release Kwon and Han on May 12 on the condition that both defendants pay €400,000 ($437,000) in bail. The terms of the release included home arrest pending further court proceedings. </p><p>Local prosecutor Haris Šabotić and the State Prosecutor’s Office in the capital Podgorica <a href="https://en.ethereumworldnews.com/do-kwon-bail-appealed-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-bail-appealed-montenegro/" rel="noreferrer noopener">appealed</a> the decision all the way, arguing that the amount was not enough to guarantee their presence in the country. Šabotić stressed that the pair were a flight risk.</p><p>Kwon&#8217;s attorneys said that the defendants&#8217; spouses would post bail on behalf of the pair and Kwon himself boasted &#8220;average finances&#8221; when asked by the court. Notably, reports said that the Terraform Labs founder withdrew $100 million to a Swiss bank account last year. South Korean authorities also froze over $170 million in assets belonging to the former Terraform CEO. </p><h2>What&#8217;s Next For Do Kwon and His CFO? </h2><p>According to reports, the decision will return to the Basic Court which initially <a href="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" rel="noreferrer noopener">granted</a> Kwon his bail. It&#8217;s currently unclear how this misalignment between both courts will play out for the former Terra execs. Both Kwon and Han will remain in detention pending a decision from the Montenegrin judiciary. </p><p>In the background, authorities from South Korea and the U.S. remain undecided as to who should extradite Do Kwon and charge him for fraud among other claims in the more than $40 billion collapse of Terraform Labs. </p>]]></description><link>https://m.coinsnews.com/do-kwons-bail-hopes-dashed-by-montenegro-high-court</link><guid>583975</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Korean-Exchanges-Shun-Do-Kwons-LUNA-Listing-Request-As-Investigations.jpg</dc:content ><dc:text>Do Kwon’s Bail Hopes Dashed By Montenegro High Court</dc:text></item><item><title>Temperature Check: Uniswap V3 Deployment On Fantom</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-770x514.png" class="webfeedsFeaturedVisual wp-post-image" alt="Uniswap" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-770x514.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-500x334.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-746x498.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom.png 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Temperature Check: Uniswap V3 Deployment On Fantom 20"><p>Summary: </p><ul><li>A proposal to launch Uniswap&#8217;s third generation DEX or V3 on Fantom&#8217;s blockchain is currently undergoing a &#8220;temperature check&#8221; governance vote.</li><li>The proposal highlighted a market opportunity that could pull in $30-40 million in weekly trading volume while onboarding a scalable network with low transaction fees for users</li><li>Fantom seems next in line of EVM chains eyed by the leading decentralized exchange after expanding to BNB Chain, DeFi&#8217;s second-largest ecosystem by TVL.</li></ul><p>The Uniswap DAO is currently considering <a href="https://gov.uniswap.org/t/temperature-check-uniswap-v3-deployment-to-fantom/21290" target="_blank" data-type="URL" data-id="https://gov.uniswap.org/t/temperature-check-uniswap-v3-deployment-to-fantom/21290" rel="noreferrer noopener nofollow">launching</a> the third iteration of its decentralized exchange protocol on Fantom, a layer 1 blockchain with a proof of stake (PoS) consensus model and Ethereum Virtual Machine-compatibility (EVM).</p><p>Uniswap&#8217;s Business Source License (BSL) expired on April 1 and will allow other entities to leverage the V3 design. This opportunity could lead to &#8220;potentially unsafe forks&#8221; of the startup&#8217;s DEX model, the proposal from Blockchain@Columbia in conjunction with Fantom and Axelar noted. </p><blockquote class="wp-block-quote"><p>With the expiry of the Uniswap v3 BSL, other DEXs including Beethoven X, are eyeing the opportunity to seize market share on the Fantom chain. In order to stay ahead of the competition, Uniswap must establish its presence on Fantom quickly and efficiently.</p></blockquote><p>Fantom&#8217;s low fees and developer-friendly architecture also offer Uniswap users wider access to larger liquidity pools and a basket of DeFi markets. Fantom users will also be able to access DeFi&#8217;s leading blue-chip trading venue and one of crypto&#8217;s most popular protocols. </p><p>Axelar, a cross-chain bridge platform that connects multiple blockchain networks, will act as the bridge infrastructure provider. </p><h2>Uniswap Expansion Frenzy</h2><p>Several proposals to expand Uniswap beyond Ethereum&#8217;s network have emerged in 2023, possibly propelled by the BSL expiry and a strategy to claim greater market share as the leading DEX. A 0XPlasma Labs plan to launch V3 on BNB Chain &#8211; another EVM-compatible network &#8211; was <a href="https://en.ethereumworldnews.com/uniswap-community-greenlights-bnb-chain/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/uniswap-community-greenlights-bnb-chain/" rel="noreferrer noopener">approved</a> in January. Wormhole was chosen as the bridge provider. </p><p>Another proposal to <a href="https://en.ethereumworldnews.com/uniswap-launch-v3-polygon-zkevm/" data-type="URL" data-id="https://en.ethereumworldnews.com/uniswap-launch-v3-polygon-zkevm/" target="_blank" rel="noreferrer noopener">launch V3 on Polygon&#8217;s zero knowledge EVM (zkEVM)</a> garnered massive support from the governance community. </p>]]></description><link>https://m.coinsnews.com/temperature-check-uniswap-v3-deployment-on-fantom</link><guid>583930</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Temperature-Check-Uniswap-V3-Deployment-On-Fantom-770x514.png</dc:content ><dc:text>Temperature Check: Uniswap V3 Deployment On Fantom</dc:text></item><item><title>Binance Calls Out Reuters Over Report Alleging Commingling of Customer Funds</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Calls Out Reuters Over Report Alleging Commingling of Customer Funds 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Calls Out Reuters Over Report Alleging Commingling of Customer Funds 18"><ul><li>Binance has responded to a recent report from Reuters that accused the exchange of mismanaging customer funds.&amp; </li><li>Reuters’ report alleged that the crypto exchange commingled customer funds between 2020 and 2021.&amp; </li><li>The report accused Binance of breaching U.S. banking laws by mixing users&#8217; funds with the company’s revenue.&amp; </li><li>The exchange has discarded the report as the work of a “desperate journalist”.&amp; </li></ul><p>The world’s largest crypto exchange has taken issue with a recent report put out by legacy media house Reuters. <a href="https://en.ethereumworldnews.com/binance-australia-suspend-aud-withdrawal/">Binance</a> has responded to a report from Reuters earlier today, which alleged that the crypto exchange mismanaged customers’ funds and commingled them with the company’s revenue. </p><h2><strong>Binance: Reuters Report Written By A Desperate Journalist</strong></h2><p>Citing a former insider at Binance, <a href="https://www.reuters.com/investigates/special-report/crypto-binance-money/" rel="nofollow noopener">Reuters</a> reported earlier today that between 2020 and 2021, the crypto exchange commingled customer funds with company revenue. A person with direct knowledge of the exchange’s finances told Reuters that the commingling occurred on a near-daily basis, with the sum running into billions of dollars. The mixing of funds happened in the accounts that the crypto exchange held at the United States-based Silvergate Bank. </p><p>While Reuters wasn’t able to independently verify the figures or the frequency of commingling revealed by the former insiders, it did review a bank record from February 2021, which showed that Binance mixed $20 million from a corporate account with $15 million from an account that received customer funds. Reuters accused the crypto exchange of breaching U.S. banking laws by commingling funds and failing to control internal controls to ensure customer funds were clearly identifiable and segregated from company revenues. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Let me explain just how desperate a journalist <a href="https://twitter.com/Reuters?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Reuters</a> is to publish a negative story. The whole base of their story this morning, is that when users purchased BUSD (Paxos) from Binance, they were taken to a transaction page that had the term “deposit” on it. Users were making a…</p>&mdash; Patrick Hillmann (@PRHillmann) <a href="https://twitter.com/PRHillmann/status/1660987014626287617?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 23, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Patrick Hillmann, the Chief Communications Officer at Binance, responded to Reuters’ controversial article on <a href="https://twitter.com/PRHillmann/status/1660987014626287617?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1660987014626287617%7Ctwgr%5Ece7a86ae7c600962020db0968aeea215ef8df4a2%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbinance-customer-fund-mismanagement-denial-against-mainstream-reports" rel="nofollow noopener">Twitter</a>. Hillmann brushed aside the report as the work of a “desperate journalist” trying to publish a negative story against the crypto exchange. He indicated that Reuters had framed the allegations in such a way that they would be protected from a libel suit. He further accused the media firm of peddling conspiracy theories without backing them up with evidence. </p><blockquote class="wp-block-quote"><p>We’ve been very public about where the company had regulatory shortcomings in the past, there’s no reason for a respected news outlet like @Reuters to continue making stuff up.” </p><cite>Patrick Hillmann, Chief Communications Officer, Binance </cite></blockquote><p>According to Hillmann, the report by Reuters was based on the fact that when users purchased BUSD (Paxos) from Binance, they were taken to a transaction page that had the term “deposit” on it. He clarified that users were purchasing a stablecoin that was redeemable by Paxos, which was explicitly stated on the website.</p>]]></description><link>https://m.coinsnews.com/binance-calls-out-reuters-over-report-alleging-commingling-of-customer-funds</link><guid>583673</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/573a5f93-5a72-4739-8aa0-6af3959a2132-770x433.png</dc:content ><dc:text>Binance Calls Out Reuters Over Report Alleging Commingling of Customer Funds</dc:text></item><item><title>News Of FTX 2.0 Reboot Leads To 16% Hike In $FTT’s Price</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="News Of FTX 2.0 Reboot Leads To 16% Hike In $FTT’s Price 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami.jpg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="News Of FTX 2.0 Reboot Leads To 16% Hike In $FTT’s Price 20"><ul><li>FTX CEO John Ray III has been reviewing plans to reboot the bankrupt crypto exchange.&amp; </li><li>Ray spent several hours last month finalizing the material related to the exchange’s reboot for distribution to investors.&amp; </li><li>A recent court filing revealed that there is a bidder list that likely contains investors interested in FTX 2.0.</li><li>The bankrupt exchange’s native token FTT surged by over 16% following the latest developments.&amp; </li></ul><p>Sam Bankman-Fried’s defunct crypto exchange is likely going to be restarted by its new management under the leadership of current CEO John Ray III. A recent court filing of a monthly staffing report and compensation for Ray for the month of April 2023 revealed that the Chief Executive has been working on a reboot plan called FTX 2.0 to make the bankrupt exchange operational again.&amp; </p><h2><strong>FTX CEO Billed $290k For His Services In April 2023</strong></h2><p>According to a <a href="https://t.co/rcSIuyM2YX" rel="nofollow">filing</a> made earlier today with the U.S. Bankruptcy Court for the District of Delaware, John Ray III charged FTX’s bankruptcy estate more than $290,000 for his services. While the majority of his services pertained to day-to-day administrative and legal work, a few activities mentioned in the filing revealed that the CEO had been working on the FTX 2.0 reboot plan. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">FTX CEO John Ray III confirms FTX 2.0 plans. <a href="https://t.co/FeCXOvdrt0" rel="nofollow">pic.twitter.com/FeCXOvdrt0</a></p>&mdash; FTX 2.0 Coalition (@AFTXcreditor) <a href="https://twitter.com/AFTXcreditor/status/1660753728792584195?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>These activities included consulting cybersecurity firm Sygnia to fortify the international crypto platform, reviewing a term sheet for the plan restructuring exchange, exploring the next steps for restarting the crypto exchange, as well as reviewing and finalizing the FTX 2.0 material for distribution to investors. Ray also reviewed a summary of steps sent by investment bank Perella Weinberg Partners LP regarding the 2.0 reboot plan. The CEO remained in constant communication with the investment bank to discuss the reboot plan. throughout the past weekend. </p><p>The court filing further revealed that John Ray III had reviewed a list of bidders for FTX 2.0. As previously reported, venture capital firm Tribe Capital <a href="https://en.ethereumworldnews.com/ftt-22-tribe-capital-interest-ftx-reboot/">expressed</a> interest in restarting the bankrupt crypto exchange. The latest development led to a 16% jump in the native token <a href="https://coinmarketcap.com/currencies/ftx-token/" rel="nofollow noopener">FTT</a> price, which reached as high as $1.16 before dropping to its current trading price of $1.08. </p><p>Plans regarding a potential restart of the crypto exchange were shared by Sullivan &amp; Cromwell in the bankruptcy court last month. At the time, the law firm stated that customer funds would be employed to bring the reboot plan to fruition. Last week, a court filing shared by a creditor on Twitter <a href="https://twitter.com/AFTXcreditor/status/1659748127304286208" rel="nofollow noopener">revealed</a> that exchange was hiring new developers to work on the 2.0 project. </p>]]></description><link>https://m.coinsnews.com/news-of-ftx-20-reboot-leads-to-16-hike-in-ftts-price</link><guid>583463</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/the-logo-of-ftx-is-seen-at-the-ftx-arena-in-miami-770x513.jpg</dc:content ><dc:text>News Of FTX 2.0 Reboot Leads To 16% Hike In $FTT’s Price</dc:text></item><item><title>Coinbase Ups Lobbying Efforts In DC With A New Nationwide Campaign</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Ups Lobbying Efforts In DC With A New Nationwide Campaign 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Ups Lobbying Efforts In DC With A New Nationwide Campaign 20"><ul><li>Coinbase has launched a nationwide campaign in the U.S. called “Crypto: America Moving Forward” as part of its lobbying efforts</li><li>The new lobbying efforts include a television campaign featuring CEO Brian Armstrong that will be aired in Washington DC.&amp; </li><li>The crypto exchange has also planned a Stand for Crypto Day to gather the crypto community in DC to demand pro-crypto policies.&amp; </li><li>Coinbase will also host a crypto summit next month in collaboration with the Financial Times.&amp; </li></ul><p>American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-subscription-service-zero-trading-fees-higher-staking-rewards/">Coinbase</a> has upped its lobbying efforts in the United States by launching a nationwide campaign called “Crypto: America Moving Forward”. The campaign entails a four-fold approach to highlight the importance of cryptocurrency as a technology that will play a key role in modernizing the global financial system. </p><h2><strong>Coinbase’s TV Ads Will Feature CEO Brian Armstrong</strong></h2><p>According to a recent <a href="https://www.coinbase.com/blog/crypto-moving-america-forward" rel="nofollow noopener">blog post</a> by Coinbase, the new national campaign will explain the critical role that crypto will play as an underlying technology that will update the global financial system. The crypto exchange highlighted the developments in the blockchain landscape of rival economies like China and how the lack of proper regulation in the United States will lead to unpleasant consequences. The new campaign will also inform the country’s leadership about the national security risk that stems from technology and innovation moving out of the country. </p><p>The campaign will begin with a series of four TV ads featuring CEO Brian Armstrong. These ads will air on popular Sunday shows. The crypto exchange will explain the importance of crypto to the viewers through four chapters set to air each weekend. Coinbase will also promote an educational program about the history of money. Additionally, the exchange’s campaign will include a wallscape campaign on Wall Street and a series of messages aired during the NBA playoffs on the need to update the financial system. The exchange will also have an armored truck turned into a mobile billboard, driven around New York to “show how inefficiently money moves today.”</p><blockquote class="wp-block-quote"><p>Most of the world is embracing this technology now, to update their financial system. And what I fear is that we’re gonna be sitting here in 5 or 10 years and we’re gonna come back to crypto and think about it like we did with 5G or semiconductors.” </p><cite>Brian Armstrong’s TV Campaign.</cite></blockquote><p>Coinbase will also organize a Stand for Crypto Day, where members of the crypto community will gather in Washington D.C. to advocate for pro-crypto policies and regulations from their political representatives in Congress. The crypto exchange will also host the State of Crypto Summit in New York on June 22, 2023, in collaboration with the Financial Times. The summit will bring together influential players from the traditional financial sector to discuss the various ways in which crypto is being deployed as financial technology.</p><p>The recent developments surrounding Coinbase, including the latest nationwide campaign, appear to have reassured its investors. The crypto firm’s share price has gained over 7% in the past 24 hours, reaching as high as $61. The stock (<a href="https://www.marketwatch.com/investing/stock/coin" rel="nofollow noopener">$COIN</a>) is up nearly 22% since the beginning of May.</p>]]></description><link>https://m.coinsnews.com/coinbase-ups-lobbying-efforts-in-dc-with-a-new-nationwide-campaign</link><guid>583435</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1200x-1-770x513.jpg</dc:content ><dc:text>Coinbase Ups Lobbying Efforts In DC With A New Nationwide Campaign</dc:text></item><item><title>Philippines Reprimands Gemini’s Derivatives Exchange For Operating Without Registration</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x578.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Philippines Reprimands Gemini’s Derivatives Exchange For Operating Without Registration 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x578.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-300x225.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1024x768.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1536x1152.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-500x375.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-269x202.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-746x560.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-1376x1032.webp 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini.webp 1777w" sizes="(max-width: 770px) 100vw, 770px" title="Philippines Reprimands Gemini’s Derivatives Exchange For Operating Without Registration 20"><ul><li>The Philippines SEC has issued a warning to Gemini’s recently launched derivatives trading platform.&amp; </li><li>The securities regulator has accused the exchange of illegally operating without the necessary registration.&amp; </li><li>Filipino investors have been warned to stop investing in Gemini until it obtains the necessary registrations.&amp; </li><li>The new derivatives exchange went live earlier this month in 30 countries including the Philippines.&amp; </li></ul><p>The Philippines Securities and Exchange Commission (SEC) has issued a warning to the Gemini Foundation for operating in the country without proper registration. The securities regulator has accused the Winklevoss-owned crypto exchange’s recently launched derivatives trading platform of violating local securities laws by improperly offering securities to Filipino investors.&amp; </p><h2><strong>Gemini May Face Severe Penalties For Securities Laws Violation</strong></h2><p>An <a href="https://www.sec.gov.ph/advisories-2023/gemini-trust-company-llc/#gsc.tab=0" rel="nofollow noopener">advisory</a> issued by the Securities and Exchange Commission of the Philippines earlier today took aim at Gemini’s new derivatives exchange. The securities regulator highlighted that the products offered by the platform involved securities, including derivatives like options and futures contracts. The SEC stated that the sale of such products is prohibited in the Philippines without prior registration with the Commission. </p><blockquote class="wp-block-quote"><p>GEMINI TRUST COMPANY, LLC’s lack of prior registration with the Commission makes their activities of offering and/or selling securities in the form of derivatives ILLEGAL in violation of the provisions of the SRC.”</p><cite>Securities and Exchange Commission of Philippines</cite></blockquote><p>The SEC accused Gemini of violating the Securities Regulation Code by offering securities in the Philippines without the necessary license and operating as a broker/dealer without the proper registration. The securities regulator has also taken issue with the derivatives platform’s advertisements of said securities to local investors. The Commission’s advisory urged Filipino traders to not invest their funds in the new derivatives exchange until it obtains the necessary licenses.&amp; </p><p>The Filipino regulator warned Gemini of potential criminal prosecution and a penalty of up to five million pesos ($90,000) or a penalty of 21 years of imprisonment or both. The derivatives exchange went <a href="https://en.ethereumworldnews.com/geminis-crypto-derivatives-exchange-live/">live</a> in 30 countries earlier this month, including the Philippines. News of the warning to Gemini came just hours after the top securities regulator of Malaysia publicly reprimanded Huobi Global and initiated enforcement action against the crypto exchange for illegally operating in the country. </p>]]></description><link>https://m.coinsnews.com/philippines-reprimands-geminis-derivatives-exchange-for-operating-without-registration</link><guid>583398</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1672363933-shutterstock-2196605349-gemini-770x578.webp</dc:content ><dc:text>Philippines Reprimands Gemini’s Derivatives Exchange For Operating Without Registration</dc:text></item><item><title>Tether (USDT) Integrated By Bitcoin Lightning Payment Processor Strike</title><description><![CDATA[<img width="770" height="402" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-770x402.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tether" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-770x402.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-1024x535.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-500x261.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-746x390.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Tether (USDT) Integrated By Bitcoin Lightning Payment Processor Strike 20"><p>Summary: </p><ul><li>Digital payments processor Strike will integrate USDT, crypto&#8217;s largest stablecoin issued by Tether.</li><li>CTO Paolo Ardoino said the collaboration will catapult digital currency adoption by &#8220;overcoming liquidity challenges that have previously hindered adoption.”</li><li>Strike&#8217;s integration was announced shortly after the USDT issuer said it was buying Bitcoin with realized profits.</li><li>The stablecoin company had $1.5 billion in BTC reserves at the end of Q1 2023 and said it will allocate 15% of net realized profits toward strengthening its Bitcoin holdings. </li></ul><p>Strike, a digital payment processor built atop the Bitcoin Lightning Network, will integrate crypto&#8217;s largest stablecoin by market cap issued by payment provider Tether &#8211; USDT. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Tether (USD₮) to be Integrated onto <a href="https://twitter.com/Strike?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Strike</a> ,Leading Global Money App<a href="https://t.co/PsWFHluo1y" rel="nofollow">https://t.co/PsWFHluo1y</a> <a href="https://t.co/XcFeclliP1" rel="nofollow">pic.twitter.com/XcFeclliP1</a></p>&mdash; Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1660626168775684096?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>According to the announcement <a href="https://tether.to/en/tether-usdt-to-be-integrated-onto-strike-leading-global-money-app/" data-type="URL" data-id="https://tether.to/en/tether-usdt-to-be-integrated-onto-strike-leading-global-money-app/" target="_blank" rel="noreferrer noopener nofollow">blog post</a>, the collaboration will address liquidity concerns stifling payments markets and motivate broader adoption of digital currencies, particularly stablecoins. CTO Paolo Ardoino added that the integration will ensure greater financial inclusion as Strike recently expanded to 65 additional countries. </p><p>The Strike mobile payments app was only available in a handful of countries like the U.S. and El Salvador. </p><blockquote class="wp-block-quote"><p>By combining the stability and utility of Tether&#8217;s digital currency with Strike&#8217;s innovative payment solutions, users will experience a new era of secure and efficient transactions. This collaboration signifies a significant leap toward mainstream adoption of cryptocurrencies, as it addresses several key challenges faced by the industry.</p></blockquote><h2>Tether&#8217;s Bitcoin Bag</h2><p>The Strike integration comes on the back of the company&#8217;s Bitcoin accumulation strategy for its stablecoin reserves. At the end of Q1 2023 in March, Tether&#8217;s quarterly attestation revealed that the company held a massive $1.5 billion worth of Bitcoin, along with other assets like Gold and short-term treasury bills. </p><p>In addition, <a href="https://en.ethereumworldnews.com/tether-700-m-profit-commercial-paper/" data-type="URL" data-id="https://en.ethereumworldnews.com/tether-700-m-profit-commercial-paper/" target="_blank" rel="noreferrer noopener">Tether</a> said it would start buying more Bitcoin starting in May. The company will allocate 15% of net realized operating profits toward strengthening its BTC reserve. The extra Bitcoin will serve as an extra cushion to USDT&#8217;s reserves that the payments company claims are 100% backed. </p>]]></description><link>https://m.coinsnews.com/tether-usdt-integrated-by-bitcoin-lightning-payment-processor-strike</link><guid>583359</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Tether-USDT-Integrated-By-Bitcoin-Lightning-Payment-Processor-Strike-770x402.jpg</dc:content ><dc:text>Tether (USDT) Integrated By Bitcoin Lightning Payment Processor Strike</dc:text></item><item><title>Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes</title><description><![CDATA[<img width="640" height="426" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Hotbit" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes.jpg 640w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes-269x179.jpg 269w" sizes="(max-width: 640px) 100vw, 640px" title="Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes 21"><p>Summary: </p><ul><li>Hobit users were told to withdraw all assets from the crypto exchange by Wednesday, June 21 before 4 PM UTC.</li><li>The platform will shutter all centralized exchange or CEX operations today May 22 by 4 PM UTC amid declining exchange trading activity and months after a criminal investigation into a former Hotbit manager.</li><li>Hotbit also cited stifled cash flow due to a U.S. banking crisis and the after-effects of FTX&#8217;s crash last November as reasons for its decisions.</li></ul><p>Amid declining crypto exchange trading volumes and on/off ramp difficulties, one CEX player is leaving the game for good. </p><p>Hotbit, a crypto exchange operating out of Shanghai and Taipai with 5 million users, <a href="https://hotbit.zendesk.com/hc/en-us/articles/14750194236823-It-s-time-to-take-a-bow" target="_blank" data-type="URL" data-id="https://hotbit.zendesk.com/hc/en-us/articles/14750194236823-It-s-time-to-take-a-bow" rel="noreferrer noopener nofollow">announced</a> the shutdown of all CEX operations starting today May 22. Users will have until 4 PM UTC on June 21 to withdraw all assets from the platform. </p><blockquote class="wp-block-quote"><p>For 5 years and 4 months, the Hotbit team has been proud to participate in a wonderful crypto show with 5 million users. However, it is with great regret that we have made the decision to stop all CEX operations from May 22, UTC 04:00. </p></blockquote><h2>Hotbit Bows Out</h2><p>The decision comes nine months after a criminal investigation into a former employee, one of the reasons Hotbit has decided to sunset its centralized crypto exchange business. Although the nature of alleged crimes committed by the former manager was never explicitly revealed, other employees were subpoenaed and cooperated with the probe, reports said. </p><p>Shortly after this, the collapse of FTX and a U.S. bank crisis &#8211; which caused Circle&#8217;s USDC stablecoin to de-peg &#8211; crippled on/off ramp options, making cash harder to access for Hotbit and drained the platform&#8217;s cash reserves. </p><p>Hotbit said its team believes the CEX model that supports a dearth of assets &#8220;is unsustainable from a risk management standpoint&#8221;. The platform cited several losses stemming from cyber attacks, malicious users, and defective codes deployed by projects.</p><p>After navigating these turbulent waters, the platform also believes that operating a large CEX is increasingly difficult. The exchange also noted that the CEX industry has veered towards a crossroads where players must either become more centralized or embrace regulations.</p><p>While the platform&#8217;s sunset is set in stone now, other crypto exchanges are navigating declining trading volumes and regulatory uncertainty in jurisdictions like America. Daily CEX volume dropped to $10.4 billion on May 21, its lowest level so far in 2023. </p><p>Stakeholders like <a href="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" rel="noreferrer noopener">Coinbase</a> are also expanding their products and setting their eyes on new shores in a bid to strengthen their books and survive market conditions. </p><figure class="wp-block-image size-large"><img width="1024" height="271" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-1024x271.png" alt="Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes 13" class="wp-image-582371" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-1024x271.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-300x79.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-770x204.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-269x71.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-746x197.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block-1376x364.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/CEX-7-Day-Volume-by-The-Block.png 1498w" sizes="(max-width: 1024px) 100vw, 1024px" title="Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes 20"><figcaption><strong>CEX 7-day Trading Volume by The Block</strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/hotbit-exits-cex-market-amid-declining-exchange-trading-volumes</link><guid>583360</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Hotbit-Exits-CEX-Market-Amid-Declining-Exchange-Trading-Volumes.jpg</dc:content ><dc:text>Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes</dc:text></item><item><title>Tornado Cash Attacker Funnels 360 ETH Through Crypto Mixer After Weekend Governance Exploit</title><description><![CDATA[<img width="770" height="617" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tornado Cash" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-300x240.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-500x401.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-269x216.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License-746x598.jpg 746w" sizes="(max-width: 770px) 100vw, 770px" title="Tornado Cash Attacker Funnels 360 ETH Through Crypto Mixer After Weekend Governance Exploit 22"><p>Summary: </p><ul><li>The Tornado Cash attacker swapped 483,000 TORN tokens for 360 Ether before sending the ETH back to the Ethereum-based crypto tumbler.</li><li>Wallets controlled by the exploiter still hold some 125 ETH and 38,300 TORN tokens lifted from the crypto mixer&#8217;s governance contract over the weekend.</li><li>The transactions come after the attacker hijacked Tornado Cash&#8217;s governance forum through an &#8220;emergencyStop&#8221; function in a malicious proposal.</li><li>The attacker also submitted a proposal that would seemingly return governance functionality to its original state.</li></ul><p>The Tornado Cash attacker sent 360 Ether (ETH) to the Ethereum-based crypto mixer after swapping TORN tokens siphoned from the protocol over the weekend. </p><p>On May 20, an attacker hijacked the Tornado Cash governance functionality by using a malicious proposal. The proposal was built using the same coding logic as a previously passed proposal but held an &#8220;emergencyStop&#8221; function. This allowed the attacker to essentially take over the protocol&#8217;s governance system and obtain an inordinate number of voting power.</p><p>After granting themselves 1,200,000 votes &#8211; 700,000 more than the real votes from community members &#8211; the attacker stole hundreds of thousands of TORN tokens used to incentivize private relayers. </p><p>Notably, the attacker was not able to access individual pools or drain assets deposited into Tornado Cash, Paradigm research @samczsun said on Twitter. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">First, what does this mean for Tornado Cash?<br><br>Through governance control, the attacker can:<br>&#8211; withdraw all of the locked votes<br>&#8211; drain all of the tokens in the governance contract<br>&#8211; brick the router<br><br>However, the attacker still can&#39;t:<br>&#8211; drain individual pools</p>&mdash; @samczsun.com (@samczsun) <a href="https://twitter.com/samczsun/status/1660012958787973121?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 20, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Later on May 21, the attacker swapped TORN tokens using to ETH using 1nch and other DeFi protocols before depositing the proceeds in Tornoda Cash. Wallets controlled by the exploiter still hold some 125 ETH and 38,300 TORN tokens lifted from the crypto mixer&#8217;s governance contract over the weekend, said Nansen data scientist Martin Lee.</p><figure class="wp-block-image size-large"><img width="1024" height="575" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-1024x575.png" alt="Tornado Cash Attacker Funnels 360 ETH Through Crypto Mixer After Weekend Governance Exploit 12" class="wp-image-582364" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-1024x575.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-300x168.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-770x432.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-1536x863.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-746x419.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen-1376x773.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/By-Nansen.png 1930w" sizes="(max-width: 1024px) 100vw, 1024px" title="Tornado Cash Attacker Funnels 360 ETH Through Crypto Mixer After Weekend Governance Exploit 21"><figcaption><strong><a href="https://twitter.com/themlpx/status/1660592318901272577/photo/1" target="_blank" data-type="URL" data-id="https://twitter.com/themlpx/status/1660592318901272577/photo/1" rel="noreferrer noopener nofollow">From Nansen</a></strong></figcaption></figure><h2>Tornado Cash Attacker To Return Power?</h2><p>The attacker <a href="https://etherscan.io/address/0x1FAd009aD35689B5a9B91486148F2F32AFE31e23#code" target="_blank" data-type="URL" data-id="https://etherscan.io/address/0x1FAd009aD35689B5a9B91486148F2F32AFE31e23#code" rel="noreferrer noopener nofollow">posted</a> a proposal that would seemingly undo the effects of Saturday&#8217;s heist and return power to the governance community. It&#8217;s unclear if the proposal is indeed legitimate or an attempt to prop up the price of TRON which trades above $4 on Monday. </p><p>Over 517,000 votes support the proposal set to conclude on May 26 at 2023 11:53:38 GMT.</p><p>In other Tornado Cash news, developer Alex Pertsev was <a href="https://en.ethereumworldnews.com/tornado-cash-alex-pertsev-tweets/" data-type="URL" data-id="https://en.ethereumworldnews.com/tornado-cash-alex-pertsev-tweets/" target="_blank" rel="noreferrer noopener">released</a> into home arrest in April nine months after Dutch police <a href="https://www.cnbc.com/2022/08/12/dutch-detain-suspected-developer-of-crypto-mixer-tornado-cash.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2022/08/12/dutch-detain-suspected-developer-of-crypto-mixer-tornado-cash.html" rel="noreferrer noopener">detained</a> him on money laundering suspicions. </p>]]></description><link>https://m.coinsnews.com/tornado-cash-attacker-funnels-360-eth-through-crypto-mixer-after-weekend-governance-exploit</link><guid>583292</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/09/US-Treasury-Tornado-Cash-Deposits-Prior-To-August-8-Sanction-Withdrawable-With-OFAC-License.jpg</dc:content ><dc:text>Tornado Cash Attacker Funnels 360 ETH Through Crypto Mixer After Weekend Governance Exploit</dc:text></item><item><title>Justin Sun-Linked Huobi Global Tackled In Malaysia For Unregistered Business</title><description><![CDATA[<img width="770" height="401" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-770x401.png" class="webfeedsFeaturedVisual wp-post-image" alt="Huobi" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-770x401.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-300x156.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-1024x533.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-1536x799.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-500x260.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-269x140.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-746x388.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-1376x716.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business.png 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Justin Sun-Linked Huobi Global Tackled In Malaysia For Unregistered Business 22"><p>Summary: </p><ul><li>According to Malaysia’s Securities Commission, Huobi Global is not a registered business and must shut down its operations in the country.</li><li>The order to cease operations was issued to the crypt exchange Huobi and its CEO Leon Li whose younger brother Li Wei is <a href="https://en.ethereumworldnews.com/justin-sun-huobi-brother-dumping-ht-token/" data-type="URL" data-id="https://en.ethereumworldnews.com/justin-sun-huobi-brother-dumping-ht-token/" target="_blank" rel="noreferrer noopener">accused</a> of pocketing $7.45 million from free HT tokens.</li><li>Justin Sun noted that the order from Malaysia&#8217;s SC is directed at the former Huobi platform and not the revamped company he advises, per reports.</li></ul><p>The Malaysian Securities Commission <a href="https://www.sc.com.my/resources/media/media-release/sc-takes-enforcement-action-against-huobi-global-for-illegally-operating-dax-in-malaysia" target="_blank" data-type="URL" data-id="https://www.sc.com.my/resources/media/media-release/sc-takes-enforcement-action-against-huobi-global-for-illegally-operating-dax-in-malaysia" rel="noreferrer noopener nofollow">launched enforcement actions</a> against crypto exchange Huobi Global for operating an unregistered digital asset business. </p><p>A presser from the regulator on Monday said Huobi must &#8220;stop its operations in the country&#8221; and &#8220;disable its website and mobile application on several platforms such as Apple Store, Google Play, and any other digital application platform&#8221;.</p><p>The crypto exchange was also told to shut down any marketing or advertising efforts aimed at onboarding Malaysian users and investors. Monday&#8217;s enforcement action was directed at the crypto company and its CEO, Leon Li. The securities regulator specifically noted that CEO Li must ensure his company complies with the directive. </p><blockquote class="wp-block-quote"><p>This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests. The SC views this breach seriously, as operating a DAX without obtaining the SC’s registration as a Recognised Market Operator (RMO) is an offence under Section 7(1) of the Capital Markets and Services Act 2007.</p></blockquote><h2>Not This Huobi Says Advisor Justin Sun</h2><p>According to reports, Justin Sun said that the regulator&#8217;s order was issued to Huobi&#8217;s former entity and not the revamped platform he advises. </p><p>Indeed, Huobi&#8217;s controlling shareholder &#8211; who turned out to be CEO Leon Li &#8211; agreed to a deal to sell 60% of the company to Hong Kong investment firm About Capital Management. Reports said that Li sought $1 billion for his controlling stake while speculators claimed that Tron Founder <a href="https://en.ethereumworldnews.com/memecoin-frenzy-justin-sun-donate-profits/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/memecoin-frenzy-justin-sun-donate-profits/" rel="noreferrer noopener">Justin Sun</a> was the true buyer, a claim he denies to this day. </p>]]></description><link>https://m.coinsnews.com/justin-sun-linked-huobi-global-tackled-in-malaysia-for-unregistered-business</link><guid>583259</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-Linked-Huobi-Global-Tackled-In-Malaysia-For-Unregistered-Business-770x401.png</dc:content ><dc:text>Justin Sun-Linked Huobi Global Tackled In Malaysia For Unregistered Business</dc:text></item><item><title>NFTs Seized From 3AC Fetch $2.5 Million At Sotheby’s Auction</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="NFTs Seized From 3AC Fetch $2.5 Million At Sotheby’s Auction 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="NFTs Seized From 3AC Fetch $2.5 Million At Sotheby’s Auction 22"><ul><li>Three Arrows Capital’s (3AC) Grails Collection has been auctioned off by Sotheby’s for almost $2.5 million.&amp; </li><li>The NFTs that were sold included Tyler Hobbs’ Fidenza #725 CryptoPunk #1326 and Dmitri Cherniak’s Ringers #375.</li><li>Fidenza #725 attracted the highest bid of over $1 million, exceeding the high estimate by nearly five times.&amp; </li><li>The NFTs sold in Grails Collection’s auction are separate from the NFT collection put together by 3AC’s Starry Night Capital.&amp; </li></ul><p>Auction house Sotheby’s has successfully auctioned off a series of rare NFTs associated with Three Arrows Capital (<a href="https://en.ethereumworldnews.com/3acs-su-zhu-arthur-hayes-restraining/">3AC</a>). The popular Grails Collection, which was seized from the defunct crypto hedge fund last year, has been sold for almost $2.5 million. The auction comes three months after Three Arrows Capital’s liquidator announced its intention to sell a part of the firm’s massive digital art collection. </p><h2><strong>3AC’s Fidenza #725 Rakes In Over $1 Million In Sotheby&#8217;s Auction</strong></h2><p>Sotheby’s Metaverse, the digital art subsidiary of the auction house, took to <a href="https://twitter.com/Sothebysverse/status/1659694250215485440" rel="nofollow noopener">Twitter</a> earlier today to announce that it had sold seven NFTs from 3AC’s Grails Collection. The auction was part of a multi-part sale announced by the defunct crypto hedge fund’s liquidator Teneo earlier this year. The most expensive NFT sold was Tyler Hobbs’ Fidenza #725 ($1.01 million), which attracted a bid five times its estimated price of $120,000-$180,000. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/AuctionUpdate?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#AuctionUpdate</a>: Impressive in its striking rhythm and movement, Tyler Hobb’s ‘Fidenza #725’ has just sold for $1,016,000, almost 5 times the high estimate. <a href="https://twitter.com/hashtag/SothebysGRAILS?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#SothebysGRAILS</a><a href="https://t.co/6cWWdxm6H8" rel="nofollow">https://t.co/6cWWdxm6H8</a> <a href="https://t.co/XfFWge2fbd" rel="nofollow">pic.twitter.com/XfFWge2fbd</a></p>&mdash; Sotheby&#39;s Metaverse (@Sothebysverse) <a href="https://twitter.com/Sothebysverse/status/1659694250215485440?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 19, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The second highest bid was for Larva Labs’ Autoglyph #187, which raked in $571,500 despite having an estimated price of $120,000-$180,000. Other NFTs that were auctioned include Larva Labs’ Crypto Punk #1326, which sold for $165,000, Ringers #194 ($152,400), 0xDEAFBEEF’s Series 1: Angular &#8211; Token 134 ($241,300), Ringers #375 ($95,250) and Fidenza #861 ($241,300). Every piece of digital art from 3AC’s Grails Collection sold for considerably higher than the auction house’s estimate. </p><blockquote class="wp-block-quote"><p>“The emergence of this collections marks a significant opportunity for collectors to celebrate the pioneering generative artists who helped bring the form to this wider audience, and who continue to push for form forward.” </p><cite>Michael Bouhanna, Sotheby’s Head of Digital Art and NFTs. </cite></blockquote><p><a href="https://www.sothebys.com/en/series/grails-property-from-an-iconic-digital-art-collection" rel="nofollow noopener">Sotheby’s</a> described the Grails Collection as some of the rarest and most important works from the most sought-after creators in the Digital Art markets. The auctioned NFTs are not part of the highly coveted NFT portfolio of 3AC’s Starry Night Capital. </p>]]></description><link>https://m.coinsnews.com/nfts-seized-from-3ac-fetch-25-million-at-sothebys-auction</link><guid>582802</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/https2F2Fwp-content2F172F20232Fsothebys-grails-auction-0-770x513.jpg</dc:content ><dc:text>NFTs Seized From 3AC Fetch $2.5 Million At Sotheby’s Auction</dc:text></item><item><title>FTX’s LedgerX Successfully Acquired By M7 Holdings</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX’s LedgerX Successfully Acquired By M7 Holdings 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920.jpg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="FTX’s LedgerX Successfully Acquired By M7 Holdings 22"><ul><li>Miami-based M7 Holdings has successfully acquired FTX’s crypto derivatives exchange LedgerX.</li><li>The acquisition will diversify the portfolio of M7’s parent firm, which operates the Bermuda Stock Exchange and the Miami International Securities Exchange.</li><li>FTX is set to lose roughly $250 million on LedgerX’s sale to M7. The deal is estimated to be worth $50 million.&amp; </li></ul><p>Miami-based M7 Holdings LLC has completed the acquisition of LedgerX from FTX. News of the successful sale comes two weeks after the U.S. Bankruptcy Court for the District of Delaware <a href="https://en.ethereumworldnews.com/ftx-bankruptcy-court-allow-ledgerx-sale/">approved</a> the deal between FTX’s bankruptcy estate and the Miami International Holdings affiliate. The bankrupt crypto exchange previously estimated the proceeds from the deal to be $50 million. </p><h2><strong>FTX Bears $250 Million Loss On LedgerX Deal</strong></h2><p>FTX had paid a whopping $298 million for LedgerX in August 2021. The sale to M7 Holdings represents a nearly $250 million loss for the bankrupt crypto exchange. According to a <a href="https://www.prnewswire.com/news-releases/miax-completes-acquisition-of-ledgerx-from-ftx-debtors-301829665.html" rel="nofollow noopener">press release</a> from Miami International Securities Exchange (MIAX) earlier today, the acquisition of LedgerX will help in diversifying the portfolio of its parent firm Miami International Holdings Inc. The firm currently operates Miami International Securities Exchange, LLC (MIAX), MIAX PEARL, LLC (MIAX Pearl), MIAX Emerald, LLC (MIAX Emerald), Minneapolis Grain Exchange, LLC (MGEXTM), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC. </p><blockquote class="wp-block-quote"><p>We are pleased to complete this acquisition and welcome the LedgerX team to the MIH family as we continue to execute on our strategy of operating regulated financial markets both in the U.S. and internationally.&#8221; </p><cite>Thomas P. Gallagher, Chairman and CEO of MIH</cite></blockquote><p>LedgerX is a Commodity Futures Trading Commission (CFTC) regulated exchange and clearinghouse that is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF) with the CFTC. The acquisition is in line with Miami International Holding’s growth strategy, which aims to offer new and innovative products to the swaps and futures industry.</p>]]></description><link>https://m.coinsnews.com/ftxs-ledgerx-successfully-acquired-by-m7-holdings</link><guid>582745</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/w247g3vr-1920-770x433.jpg</dc:content ><dc:text>FTX’s LedgerX Successfully Acquired By M7 Holdings</dc:text></item><item><title>Celsius Plans To Conclude Bankruptcy Auction Within A Week</title><description><![CDATA[<img width="310" height="163" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-1-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius Plans To Conclude Bankruptcy Auction Within A Week 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-1-1.jpg 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-1-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-1-1-269x141.jpg 269w" sizes="(max-width: 310px) 100vw, 310px" title="Celsius Plans To Conclude Bankruptcy Auction Within A Week 22"><ul><li>Celsius Network’s bankruptcy auction is nearing its end with a possible conclusion within one week.&amp; </li><li>A consortium of investors that includes Coinbase has emerged as the top bidder for the bankrupt crypto lender’s assets.&amp; </li><li>The bids submitted in the auction have exceeded the initial bid from NovaWulf by hundreds of millions of dollars.&amp; </li></ul><p>Celsius Network is reportedly planning to conclude its ongoing bankruptcy auction within days. The bankruptcy auction, which commenced on April 22, 2023, has seen participation from multiple groups of investors backed by Wall Street Heavyweights. The auction process has reportedly attracted competitive bids from investors that are looking to restart the firm under new management.&amp; </p><h2><strong>Coinbase’s Consortium Poised To Win The Auction For Celsius’ Assets</strong></h2><p>A consortium of investors led by TechCrunch founder Michael Arrington’s Arrington Capital is reportedly poised to win the bankruptcy auction for Celsius’ assets. The consortium, Fahrenheit LLC, includes Coinbase, U.S. Data Mining Group Inc, Proof Group Capital Management LLC, Ravi Kaza, and former Algorand CEO Steven Kokinos. Fahrenheit LLC faced competition from the Blockchain Recovery Investment Committee, which counts Gemini Trust Company, Global X Digital, and Plutus Lending LLC among its backers.&amp; </p><p>Ross Kwasteniet, an attorney representing <a href="https://en.ethereumworldnews.com/celsius-alex-mashinsky-dismisses-lawsuit/">Celsius</a> Network, told bankruptcy Judge Michael Wiles that while the auction process has taken longer than expected, it has attracted highly competitive bids from the participating investors. The bids from Fahrenheit and the Blockchain Recovery Investment Committee have reportedly exceeded the initial bid from NovaWulf LLC by “hundreds of millions of dollars.”. Kwasteniet further revealed that the crypto lender plans to conclude the auction “within a week.”. The competitive bids for Celsius’ assets will ultimately provide more value to its creditors and customers who have been stranded since July last year. </p><p>According to a report by the <a href="https://www.wsj.com/articles/bankrupt-crypto-company-celsius-could-get-new-life-from-wall-street-3ee6df0f?mod=markets_minor_pos10" rel="noopener">Wall Street Journal</a>, Wall Street giant Apollo Global Management is backing NovaWulf’s bid to acquire Celsius’ assets. This consortium will compete against Arrington’s Fahrenheit, which is backed by senior executives at Fortress Investment Group. People familiar with the matter revealed that each proposal would contribute roughly $50 million to help Celsius resume its operations and guide it out of bankruptcy. </p>]]></description><link>https://m.coinsnews.com/celsius-plans-to-conclude-bankruptcy-auction-within-a-week</link><guid>582476</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-1-1.jpg</dc:content ><dc:text>Celsius Plans To Conclude Bankruptcy Auction Within A Week</dc:text></item><item><title>Coinbase Launches Subscription Service With Zero Trading Fees &amp; Higher Staking Rewards</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-770x404.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Launches Subscription Service With Zero Trading Fees &amp; Higher Staking Rewards 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-770x404.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-300x158.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-1024x538.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-500x263.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-269x141.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-746x392.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2.webp 1080w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Launches Subscription Service With Zero Trading Fees &amp; Higher Staking Rewards 22"><ul><li>Coinbase has launched a new subscription service called Coinbase One.&amp; </li><li>Subscribers will enjoy zero trading fees, a dedicated 24/7 support team, and higher staking rewards.&amp; </li><li>The crypto exchange’s users can opt for the subscription service for $29.99 per month.&amp; </li></ul><p>Coinbase, the largest crypto exchange in the United States, has unveiled a new subscription service that will be available in select jurisdictions. Users who subscribe to Coinbase One will enjoy benefits like zero trading fees, pre-filed tax return forms, and a dedicated support team that will be available 24/7.&amp; </p><h2><strong>Coinbase Will Charge $29.99/Month For The New Service</strong></h2><p>According to a recent <a href="https://www.coinbase.com/blog/new-updates-to-coinbase-one-zero-trading-fees-boosted-staking-rewards-and" rel="nofollow noopener">blog post</a> from Coinbase, the crypto exchange will charge users $29.99 per month to allow access to the brand new Coinbase One service. Users can try the 30-day free trial before committing to the new service. Other benefits of subscribing to the service include higher staking rewards and exclusive benefits from firms like Messari and CoinTracker that have partnered with the crypto exchange. It is important to note that the zero-trading fees offer will not apply to Advanced Trade or the exchange’s Pro and Prime members. </p><blockquote class="wp-block-quote"><p>We&#8217;re committed to expanding access to Coinbase One to even more countries in the coming months, bringing the benefits of crypto to the rest of the world with our international expansion strategy.”</p></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">3/ For a limited time, Coinbase One members can claim this exclusive Founding Member NFT.<br><br>Sign up for your free trial before next Thursday, May 25 at 9am PT and access the mint on your homepage within 20 minutes! Pro tip: make sure you have the latest version of the app ???? <a href="https://t.co/YEKA4BMYQZ" rel="nofollow">pic.twitter.com/YEKA4BMYQZ</a></p>&mdash; Coinbase ????️ (@coinbase) <a href="https://twitter.com/coinbase/status/1659230871273058304?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 18, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The commissions from staking ADA, ATOM, SOL, and XTZ will also be less for the service’s subscribers. <a href="https://en.ethereumworldnews.com/coinbase-launches-global-advisory-council/">Coinbase</a> One is currently available for users in the United States, United Kingdom, Germany, and Ireland. The service will reportedly be extended to an additional 30 countries in the coming months. Users who sign up for the service can claim an exclusive Founding Member NFT for a limited time. Users will be offered up to 6.94% APY on eligible assets. </p>]]></description><link>https://m.coinsnews.com/coinbase-launches-subscription-service-with-zero-trading-fees-higher-staking-rewards</link><guid>582391</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-2-770x404.webp</dc:content ><dc:text>Coinbase Launches Subscription Service With Zero Trading Fees &amp; Higher Staking Rewards</dc:text></item><item><title>2 Million ETH Staked In May So Far, New ATH￼</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="ETH" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="2 Million ETH Staked In May So Far, New ATH￼ 24"><p>Summary: </p><ul><li>Ethereum stakers have locked up over 2 million tokens so far in May alone, setting a new all-time high.</li><li>Dune analytics data showed that daily ETH withdrawals have also slowed down after Kraken’s massive unlocks.</li><li>Nansen’s Martin Lee noted that staking deposits post-Shanghai indicate strong overall confidence in both the blockchain and ETH as an asset.</li></ul><p>Over 2 million Ether (ETH), the native asset on the Ethereum blockchain, has been staked on the network&#8217;s beacon chain so far this May 2023.</p><p>This number of tokens locked up this month signals a new all-time high for staked ETH (stETH), per Dune analytics data.&amp; </p><p>The uptick in depositors has continued since the Shapella upgrade enabled withdrawals. Despite fears that over 18 million of unlocked coins would subject ETH to significant selling pressure, deposits have eclipsed withdrawals and rendered falling price concerns a “non-event”.</p><p>Nansen data showed that the majority of unstakers or withdrawals have been exchanges like Kraken and not users. Notably, Kraken’s massive unlock was earmarked for internal operations at the crypto exchange as against speculations that the platform planned to dump its staked holdings after the unlock.</p><figure class="wp-block-image size-full"><img width="766" height="384" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics.png" alt="2 Million ETH Staked In May So Far, New ATH￼ 13" class="wp-image-582334" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics.png 766w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Montly-ETH-Deposits-by-@Hildobby-on-Dune-Analytics-746x374.png 746w" sizes="(max-width: 766px) 100vw, 766px" title="2 Million ETH Staked In May So Far, New ATH￼ 22"><figcaption><strong><a href="https://twitter.com/hildobby_/status/1658848906678087683?s=20" data-type="URL" data-id="https://twitter.com/hildobby_/status/1658848906678087683?s=20" target="_blank" rel="noreferrer noopener nofollow">Monthly ETH Deposits by @Hildobby on Dune Analytics</a></strong></figcaption></figure><h2>Interest In ETH And LSDs Boomed After Shapella</h2><p>Indeed, the inflow of tokens into the beacon chain and liquid staking services like <a href="https://en.ethereumworldnews.com/lido-finance-activate-ethereum-withdrawal/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/lido-finance-activate-ethereum-withdrawal/" rel="noreferrer noopener">Lido Finance</a> signals strong overall confidence” in both ETH and the Ethereum network by users.</p><p>Enabling withdrawals has also lowered the risks associated with staking into liquid staking derivatives (LSDs), said Nansen data scientist <a href="https://www.nansen.ai/research/ethereum-shanghai-upgrade-explained-key-metrics-to-track-and-future-predictions" target="_blank" data-type="URL" data-id="https://www.nansen.ai/research/ethereum-shanghai-upgrade-explained-key-metrics-to-track-and-future-predictions" rel="noreferrer noopener nofollow">Martin Lee</a>.</p><blockquote class="wp-block-quote"><p>With withdrawals enabled, there’s lower odds of seeing de-pegs between the liquid staking tokens and ETH itself since withdrawals can be facilitated by official mechanisms instead of the psuedo mechanism introduced by swapping stETH with ETH in Lido’s case.</p></blockquote><p>Crypto users are also incentivized to stake their ETH as opposed to holding the asset on exchanges or self-custody devices like hardware wallets since the former could generate yield and returns. </p><figure class="wp-block-image size-large"><img width="1024" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-1024x400.png" alt="2 Million ETH Staked In May So Far, New ATH￼ 14" class="wp-image-582336" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-1024x400.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-300x117.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-770x301.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-269x105.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18-746x292.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-18_16-12-18.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="2 Million ETH Staked In May So Far, New ATH￼ 23"><figcaption><strong><a href="https://www.tradingview.com/symbols/ETHUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/ETHUSDT/" rel="noreferrer noopener">ETH/USDT by TradingView</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/2-million-eth-staked-in-may-so-far-new-ath</link><guid>582353</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/Ether-ETH-Poised-For-6K-By-2025-14K-By-2024-Finder-Report-770x433.jpg</dc:content ><dc:text>2 Million ETH Staked In May So Far, New ATH￼</dc:text></item><item><title>Do Kwon’s $437K Bail Contested By Montenegro Prosecutors</title><description><![CDATA[<img width="770" height="511" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-300x199.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-500x332.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-746x495.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says.jpg 791w" sizes="(max-width: 770px) 100vw, 770px" title="Do Kwon’s $437K Bail Contested By Montenegro Prosecutors 24"><p>Summary:</p><ul><li>The State Prosecutor’s Office in the capital Podgorica filed an appeal contesting Do Kwon’s bail.</li><li>A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.</li><li>Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra’s $40 billion collapse saga.</li></ul><p>The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was <a href="https://sudovi.me/ospg/sadrzaj/pDQy" target="_blank" data-type="URL" data-id="https://sudovi.me/ospg/sadrzaj/pDQy" rel="noreferrer noopener nofollow">contested</a> by local prosecutors nearly a week later. </p><p>On May 12, Kwon and Han&#8217;s lawyers <a href="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" data-type="URL" data-id="https://en.ethereumworldnews.com/terrausd-do-kwon-granted-bail-montenegro/" target="_blank" rel="noreferrer noopener">secured</a> approval from the court to release the defendants a day after the request was filed. A £400,000 ($437,000) bail for each defendant was issued, allowing both suspects to leave detention after making bail and enter home arrest pending further hearings.</p><p>Less than a week later on May 17, the State Prosecutor’s Office in Podgorica appealed the court ruling. </p><p>Do Kwon and Han were arrested before they boarded a private jet bound for Dubai from Podgorica, Montenegro&#8217;s capital city. Local police said the suspects were detained with forged travel papers, as confirmed by the Interpol office in Brussels. </p><p>Montenegrin prosecutors charged Kwon and his travel companion with forgery, an offense that could attract a 5-year prison sentence if found guilty. The suspects are currently under house arrest and awaiting trial for forgery charges that they <a href="https://en.ethereumworldnews.com/do-kwon-denies-montenegro-charges/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-denies-montenegro-charges/" rel="noreferrer noopener">pleaded</a> &#8220;not guilty&#8221; to.</p><h2>Do Kwon&#8217;s Multi-Jurisdiction Legal Showdown</h2><p>The former Terraform Labs CEO faces charges and prosecution from multiple governments including his home country South Korea and the U.S. where his company onboarded users. </p><p>South Korea investigators argue that its better to try Kwon in South Korea and have seized around $176 million in assets from the TerraUSD creator. <a href="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" rel="noreferrer noopener">If convicted in his home country</a>, Kwon could face at least 40 years behind bars.</p><p>Criminal charges have already been <a href="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" rel="noreferrer noopener">filed</a> against Do Kwon in the U.S. with an eight count indictment including fraud charges and securities violations. </p>]]></description><link>https://m.coinsnews.com/do-kwons-437k-bail-contested-by-montenegro-prosecutors</link><guid>582354</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg</dc:content ><dc:text>Do Kwon’s $437K Bail Contested By Montenegro Prosecutors</dc:text></item><item><title>US Trustee Insists On FTX Independent Examiner In Latest Court Filing￼</title><description><![CDATA[<img width="770" height="770" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-500x500.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-293x293.png 293w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="US Trustee Insists On FTX Independent Examiner In Latest Court Filing￼ 21"><p>Summary: </p><ul><li>Department of Justice Trustee Andrew R. Vara argued that the court must reassess its decision not to appoint an independent examiner in the FTX bankruptcy case.</li><li>Judge John Dorsey ruled against the appointment in February, backing the FTX estate’s claims about the unnecessary costs of an examiner and slowing down proceedings.</li><li>The ruling constituted a “legal error” filed by U.S. Trustee Vara who added costs concerns do not overshadow statutory requirements.</li></ul><p>Department of Justice Trustee Andrew R. Vara <a href="https://www.courtlistener.com/docket/66955907/38/in-re-ftx-trading-ltd/" target="_blank" data-type="URL" data-id="https://www.courtlistener.com/docket/66955907/38/in-re-ftx-trading-ltd/" rel="noreferrer noopener nofollow">filed</a> that the court must reassess its decision not to appoint an independent examiner in the FTX bankruptcy case.</p><p>Delaware Bankruptcy Court Judge John Dorsey previously ruled against hiring an independent examiner to investigate FTX&#8217;s collapse. The bankrupt estate <a href="https://en.ethereumworldnews.com/ftx-court-argument-examiner-probe/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ftx-court-argument-examiner-probe/" rel="noreferrer noopener">argued</a> that appointing an examing would slow down the case and the costs might exceed $100 million, an unnecessary expense that could limit the funds available to creditors, the crypto exchange said. </p><p>John Dorsey backed the estates&#8217; arguments and ruled against appointing an examiner in a February court hearing. </p><h2>Independent Examiner Revisited In FTX Case</h2><p>A Wednesday filing from the U.S. DOJ Trustee called Judge Dorsey&#8217;s ruling a &#8220;legal error&#8221;. The filing stressed that FTX met the criteria for an independent examiner. U.S. Trustee Vara&#8217;s filing noted that costs concerns and fast proceedings do not overshadow statutory requirements.</p><blockquote class="wp-block-quote"><p>&#8230;any costs associated with appointing an examiner do not justify departure from the statutory requirement to appoint an examiner where, as here, the statutory criteria are met.</p></blockquote><p>During previous arguments regarding the matter, U.S. Trustee Vara emphasized the need to hire an independent examiner to look under FTX&#8217;s hood and demystify the company&#8217;s books after the crypto exchange collapsed due to a lack of corporate controls. </p><p>At the time, the DOJ also pointed to existing precedent in the Celsius case where a report from an independent examiner <a href="https://en.ethereumworldnews.com/examiners-report-confirms-that-celsius-operated-like-a-ponzi-scheme/" data-type="URL" data-id="https://en.ethereumworldnews.com/examiners-report-confirms-that-celsius-operated-like-a-ponzi-scheme/" target="_blank" rel="noreferrer noopener">uncovered a Ponzi scheme-like structure</a> and massive malpractice by company executives. </p><p>In other FTX news, the bankrupt crypto exchange is suing founder Sam Bankman-Fried and other former executives over lack of due diligence in a $220 million investment that resulted in a 99.5% loss. </p>]]></description><link>https://m.coinsnews.com/us-trustee-insists-on-ftx-independent-examiner-in-latest-court-filing</link><guid>582260</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/FTX-Creditors-Committee-Appointed-Includes-Crypto-Market-Maker-Wintermute-And-Eight-Others-770x770.png</dc:content ><dc:text>US Trustee Insists On FTX Independent Examiner In Latest Court Filing￼</dc:text></item><item><title>Binance Australia Suspends AUD Fiat Withdrawals And Deposits</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Australia Suspends AUD Fiat Withdrawals And Deposits 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Australia Suspends AUD Fiat Withdrawals And Deposits 23"><ul><li>Binance Australia has suspended Australian Dollar (AUD) services, including withdrawals.&amp; </li><li>The crypto exchange’s Australian arm blamed issues with the local payment service provider for suspending fiat services.&amp; </li><li>The exchange is currently working to secure an alternative payment service provider to resume AUD services.&amp; </li></ul><p>The Australian arm of the world’s largest crypto exchange has suspended withdrawals and deposits in Australian Dollars (AUD). Binance Australia announced earlier today that it had halted AUD fiat payment services following issues with its local payment service provider. The buying and selling of crypto assets using credit and debit cards is reportedly unaffected.&amp; </p><h2><strong>Binance Is Looking For An Alternative Payment Service Provider</strong></h2><p>Binance Australia took to <a href="https://twitter.com/Binance_AUS/status/1659018600496373760" rel="nofollow noopener">Twitter</a> earlier today to inform its customers about the latest development. The crypto exchange revealed that a decision made by its third-party payment service provider led to the suspension of PayID AUD deposits for the platform’s users with immediate effect. The exchange’s local payment service provider revealed that AUD bank transfer withdrawals have also been affected by the ongoing issue. </p><p><a href="https://en.ethereumworldnews.com/binance-exit-canadian-market-regulations/">Binance</a> told its Australian users that it was working to find an alternative payment service provider in the country to resume AUD deposits and withdrawals. The platform’s users can still access the Binance P2P marketplace and trade crypto assets using bank cards. The exchange assured users that their funds were safe on the trading platform. The users were also reminded that all funds were insured by the Secure Asset Fund for Users (SAFU), which offers protection to the exchange’s users in the event of “extreme situations.”</p><p>Binance Australia’s AUD bank transfer suspension comes just a month after the exchange had its local derivatives canceled by the country’s top securities regulator. The crypto community on Twitter expressed concern at exchange’s latest development. One user highlighted that earlier this year, the main international crypto exchange had suspended US Dollar bank transfers without specifying any reason. </p>]]></description><link>https://m.coinsnews.com/binance-australia-suspends-aud-fiat-withdrawals-and-deposits</link><guid>582226</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/4000b500-d348-47ed-9648-696da72d47d6-770x433.jpg</dc:content ><dc:text>Binance Australia Suspends AUD Fiat Withdrawals And Deposits</dc:text></item><item><title>Court Approves Voyager’s Plan To Payback Customers Just 35% Of Their Claims</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Court Approves Voyager’s Plan To Payback Customers Just 35% Of Their Claims 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Court Approves Voyager’s Plan To Payback Customers Just 35% Of Their Claims 22"><ul><li>Voyager Digital has won the bankruptcy court’s approval to start repaying its creditors and customers.&amp; </li><li>The bankrupt crypto lender’s customers will only be able to recover 35% of the amount they’re owed.&amp; </li><li>The repayment to customers may go up depending on the outcome of third-party claim disputes.&amp; </li></ul><p>The U.S. Bankruptcy Court for the Southern District of New York has approved Voyager Digital’s Chapter 11 plan to wind down its operations and distribute its remaining assets to customers. The latest development comes as much-needed good news for the crypto lender’s customers who have been stranded since the firm filed for Chapter 11 bankruptcy in July last year.&amp; </p><h2><strong>Additional Repayment To Customers Contingent On Voyager’s Outstanding Claim Disputes</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-17/voyager-cleared-to-liquidate-start-repaying-customers-crypto#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, Manhattan bankruptcy Judge Michael Wiles approved Voyager’s Chapter 11 procedures which laid out its plans to execute liquidation and repayment to creditors. The procedures, which were <a href="https://cases.stretto.com/public/x193/11753/PLEADINGS/1175305052380000000083.pdf" rel="nofollow noopener">filed</a> earlier this month, informed the court how the bankrupt crypto lender planned to manage its remaining assets worth over $1.3 billion. The amount represents about 76% of the aggregate value of customer claims against Voyager’s bankruptcy estate. Voyager’s customers are owed over $1.7 billion as per bankruptcy filings. </p><p>However, the customers will only receive 35.72% of their claim amount. According to the bankrupt crypto lender, the remaining amount will be held back until all outstanding claims disputes with third parties are settled. As per the initial creditor recovery calculation, $445 million will be held back on account of the preference claims associated with the bankrupt crypto exchange FTX and its sister firm Alameda Research. Voyager plans to retain another $135.6 million for its litigation reserve and to pay for the wind-down costs. An additional $49.9 million will be held back for administrative and priority tax claims. Adding another $74.1 million related to miscellaneous holdbacks, the subtotal of holdbacks comes to $704.6 million.&amp; </p><p>Voyager has stated that the customers may receive more than 35% of their claim amount, depending on the outcome of preference claim disputes related to FTX and Alameda Research. The customers may see additional <a href="https://en.ethereumworldnews.com/voyager-digital-to-repay-creditors-coming-weeks/">repayment</a> given that the Voyager bankruptcy estate is also a creditor in the Three Arrows Capital liquidation. All subsequent recoveries will be made in either cash or crypto at the Plan Administrator’s discretion.</p>]]></description><link>https://m.coinsnews.com/court-approves-voyagers-plan-to-payback-customers-just-35-of-their-claims</link><guid>582205</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-1000x600-1-770x462.jpg</dc:content ><dc:text>Court Approves Voyager’s Plan To Payback Customers Just 35% Of Their Claims</dc:text></item><item><title>UK Treasury Committee Wants Unbacked Crypto To Be Regulated Like Gambling</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-770x385.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="UK Treasury Committee Wants Unbacked Crypto To Be Regulated Like Gambling 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-770x385.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-1024x512.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-1536x768.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-2048x1024.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-500x250.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-1146x573.jpg 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-1476x738.jpg 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-746x373.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-1376x688.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="UK Treasury Committee Wants Unbacked Crypto To Be Regulated Like Gambling 22"><ul><li>A parliamentary committee in the UK wants unbacked crypto assets to be regulated as gambling rather than financial activity.&amp; </li><li>The Treasury Committee’s latest report compelled the government to treat crypto assets like BTC and ETH as gambling instruments.</li><li>The committee highlighted the risk to retail investors from the volatility associated with crypto trading.&amp; &amp; </li></ul><p>Lawmakers in the United Kingdom want unbacked crypto assets to be held to the same standards as gambling instruments. The House of Commons Treasury Committee published a report earlier today which compelled the government to <a href="https://en.ethereumworldnews.com/bahamas-stricter-crypto-regulations-ftx/">regulate</a> crypto trading and related investments as gambling. </p><h2><strong>Crypto Including BTC &amp; ETH To Be Regulated As Gambling</strong></h2><p>According to the 28-page <a href="https://publications.parliament.uk/pa/cm5803/cmselect/cmtreasy/615/report.html" rel="nofollow noopener">report</a> that was put together by lawmakers from multiple parties, mainstream crypto assets like Bitcoin and Ethereum should be regulated as gambling. The lawmakers argued that the potential use of such cryptocurrencies by fraudsters and money launderers poses a significant risk to consumers and the economy. The report compelled the UK government to recognize and regulate unbacked cryptocurrencies as gambling instruments. </p><blockquote class="wp-block-quote"><p>With no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like bitcoin more closely resembles gambling than a financial service, and should be regulated as such.” </p><cite>Harriett Baldwin, member of Parliament and Chair of the Treasury Committee </cite></blockquote><p>The lawmakers behind the report argued that the volatility associated with the trading of unbacked crypto assets categorized it as sports betting rather than investing. To that end, the government has been recommended to not consider crypto trading a financial activity. The report comes amid the government’s plans to develop comprehensive regulations for the crypto industry. The lawmakers have warned that regulating retail crypto trading will create a “halo effect”, prompting retail investors to perceive crypto trading as safer than it is.&amp; </p><p>The Treasury Committee’s report took into account the events that transpired in the crypto industry in 2022. The string of bankruptcies and scandals cost crypto investors billions of pounds and highlighted the risks associated with crypto assets. However, the report acknowledged that crypto’s underlying blockchain technology may be of use to the country’s financial sector.&amp; </p>]]></description><link>https://m.coinsnews.com/uk-treasury-committee-wants-unbacked-crypto-to-be-regulated-like-gambling</link><guid>581921</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crop-220302_tyler-allicock-cos05566-edit-770x385.jpg</dc:content ><dc:text>UK Treasury Committee Wants Unbacked Crypto To Be Regulated Like Gambling</dc:text></item><item><title>Court Denies SEC’s Request To Seal Hinman Documents In Ripple Lawsuit</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Court Denies SEC’s Request To Seal Hinman Documents In Ripple Lawsuit 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Court Denies SEC’s Request To Seal Hinman Documents In Ripple Lawsuit 22"><ul><li>The SEC’s motion to keep the infamous Hinman documents sealed has been denied by the court.&amp; </li><li>District judge Analisa Torres’ latest ruling comes in the closely watched legal battle between the SEC and Ripple.&amp; </li><li>The Hinman documents contain details of a former top-ranking SEC official who stated that Ether was not a security.&amp; </li><li>The documents are a critical part of Ripple’s defense in the lawsuit filed by the SEC.&amp; </li></ul><p>In a major win for Ripple, Judge Analisa Torres of the U.S. District Court for the Southern District of New York has denied the Securities and Exchange Commission’s motion to seal the infamous Hinman documents. The latest <a href="https://www.dropbox.com/s/xdx73gwan6ybtlq/Order%20Denying%20Motion%20to%20Seal%20Hinman%20Documents.pdf?dl=0" rel="nofollow noopener">ruling</a> comes almost five months after Magistrate Judge Sarah Netburn initially ordered the <a href="https://en.ethereumworldnews.com/sec-continue-enforcement-action-coinbase/">SEC</a> to hand over the Hinman documents to Ripple as part of the discovery process. </p><h2><strong>Major Win For Ripple In Legal Battle With The SEC</strong></h2><p>James K. Filan, a lawyer who has become popular in the crypto community, took to <a href="https://twitter.com/FilanLaw/status/1658586752121024512" rel="nofollow noopener">Twitter</a> earlier today to share the latest development in the SEC’s controversial lawsuit against Ripple. District Judge Analisa Torres upheld the previous ruling by Judge Netburn and ruled that the securities regulator cannot seal the Hinman documents since they were relevant to the judicial process. </p><blockquote class="wp-block-quote"><p>Sealing these documents would not be related to preserving &#8216;openness and candor&#8217; within the agency, nor would such an interest be substantial enough to outweigh the strong presumption of public access.&#8221; </p><cite>District Judge Analisa Torres</cite></blockquote><p>The Hinman documents contain internal communications and statements made by William Hinman, the SEC’s former Director of Corporation Finance. The ex-SEC official stated in 2018 that Ether was not a security. The documents also contain the SEC staff’s preliminary views and legal analysis of XRP. The documents provide an insight into the SEC’s initial stance on XRP, making them a critical part of Ripple’s defense in the lawsuit filed by the securities regulator in December 2020. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Another win for transparency! Unredacted Hinman emails to be publicly available soon &#8211; stay tuned as the lawyers work through the mechanics to make that happen. <a href="https://t.co/o6puPypRHd" rel="nofollow">https://t.co/o6puPypRHd</a> <a href="https://t.co/qmaLVeQaP8" rel="nofollow">https://t.co/qmaLVeQaP8</a></p>&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1658621618741186560?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The order issued by Judge Torres allowed the SEC to redact the personal information of people named in the documents. The judge also approved several redactions proposed by Ripple in its documents. However, several redactions related to XRP were denied by the judge. News of the latest ruling led to a 4% surge in XRP’s price.</p>]]></description><link>https://m.coinsnews.com/court-denies-secs-request-to-seal-hinman-documents-in-ripple-lawsuit</link><guid>581894</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ripple-770x462.jpg</dc:content ><dc:text>Court Denies SEC’s Request To Seal Hinman Documents In Ripple Lawsuit</dc:text></item><item><title>Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1.jpeg 1260w" sizes="(max-width: 770px) 100vw, 770px" title="Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens 22"><ul><li>Justin Sun has called out the brother of Huobi founder Li Lin for dumping HT tokens.&amp; </li><li>The Tron founder accused Li Wei of driving down the price of HT tokens by selling the tokens he received for free.&amp; </li><li>Li Lin has reportedly offered 10x compensation to Huobi if Sun provides evidence of his brother’s transactions.&amp; </li><li>The Huobi Global Advisory Committee and the HT DAO have decided to recover and destroy HT tokens in Wei’s possession.&amp; </li></ul><p><a href="https://en.ethereumworldnews.com/justin-sun-apologize-binance-cz-sui-tusd/">Justin Sun</a>, the crypto entrepreneur who acquired crypto exchange Huobi Global last year, has called out a relative of Huobi’s founder for driving down the price of the exchange’s native HT tokens by repeatedly dumping them in the market. The HT tokens in question were reportedly given to the concerned relative for free during the initial token airdrop. </p><h2><strong>Huobi Founder Asks Justin Sun To Provide Evidence </strong></h2><p>Justin Sun took to <a href="https://twitter.com/justinsuntron/status/1658413236360998913" rel="nofollow noopener">Twitter</a> earlier today to publicly accuse Li Wei, the brother of Huobi founder Li Lin, of market dumping large amounts of zero-cost HT tokens. Sun revealed that when HT was initially distributed, Li Wei received millions of HT tokens for free. Wei has reportedly been selling his pile of HT through Huobi over the past few months and cashing out the profit. The impact of the dumping on HT’s price has prompted the decentralized autonomous organization behind HT to take cognizance of the questionable trades and step in to rectify the matter. </p><p>The Tron founder informed the Huobi community on Twitter that in the interest of HT investors, the Huobi Global Advisory Committee and the HT DAO community have decided to recover and destroy the HT tokens obtained by Li Wei at zero cost. The burning of said tokens will be announced in the HT community soon. Huobi founder Li Lei reportedly responded to Sun’s allegations by asking for evidence of the transactions made by his brother. Lei reportedly pledged 10x compensation to the exchange if the allegations are proven.&amp; </p><blockquote class="wp-block-quote"><p>As a platform that has been established for ten years, Huobi will never condone this behavior on the way back to the top three, and will never let anyone who really buys HT in the spot market be disappointed! We must be responsible to the end!”</p><cite>Justin Sun</cite></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">After all, Li Wei has not made any substantial contributions to our community. We believe in fairness and the importance of rewarding those who genuinely contribute to the growth and development of HT DAO.</p>&mdash; H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1658419104662048768?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Justin Sun revealed that the advisory council and the HT DAO plan to negotiate the return of the zero-cost HT tokens from Li Wei. The recovered token will subsequently be destroyed. Sun added that the HT DAO community will ask Wei to return the profit he made from previous sales of HT tokens. These funds would be used to acquire and burn more HT tokens.&amp; </p>]]></description><link>https://m.coinsnews.com/justin-sun-calls-out-huobi-founders-brother-for-dumping-ht-tokens</link><guid>581860</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/FiJzJZHaUAAQRQH-1260x840-1-770x513.jpeg</dc:content ><dc:text>Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens</dc:text></item><item><title>“We don’t want it” CT Responds To Ledger Recover</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Ledger" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-1536x864.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-2048x1152.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-1376x774.jpeg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="“We don’t want it” CT Responds To Ledger Recover 23"><p>Summary: </p><ul><li>Ledger’s latest update touted as an “additional safety net” received backlash from customers and crypto Twitter commentators.</li><li>The company’s response on social media left users unconvinced and seemingly did little to address security concerns&amp; regarding private keys and a new attack vector that the recovery firmware could unearth.</li><li>Ledger Recover will allow users to opt-in for a monthly subscription to back up their seed phrase with another seed phrase stored at three custodians, two of which are third-party.</li></ul><p>Crypto Twitter <a href="https://twitter.com/Ledger/status/1658458737957322753" data-type="URL" data-id="https://twitter.com/Ledger/status/1658458737957322753" target="_blank" rel="noreferrer noopener nofollow">brimmed</a> with opposition to Ledger&#8217;s latest firmware feature that will back up customers&#8217; seed phrase if they choose to opt-in to a monthly subscription for custody services. </p><p>Ledger Recover was <a href="https://en.ethereumworldnews.com/crypto-users-ledger-seed-phrase-recovery/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/crypto-users-ledger-seed-phrase-recovery/" rel="noreferrer noopener">announced</a> on May 16 much to the sock of customers thanks to a supposed turnaround on the company&#8217;s so-called dedication to security. The firmware update will give wallet users the option to back up their seed phrase with three custodians, a feature meant as a safeguard should any user lose their private keys.</p><h2>Ledger Defends Recover Subscription</h2><p>The hardware wallet maker clarified &#8211; after heavy community backlash &#8211; that the seed phrase sent to custodians is generated as an additional private key of sorts. A Twitter thread was released explaining the mechanics, although the post seems to have raised more questions than answers.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Individually, these encrypted fragments are completely useless. When you want to restore your keys, 2 of these 3rd parties will send back their fragments to your Ledger device (and not us as an organization), which will be able to reconstitute your Secret Recovery Phrase.</p>&mdash; Ledger (@Ledger) <a href="https://twitter.com/Ledger/status/1658458731900727296?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Ledger Recover encrypts a version of your private key, splits it into three parts, and sends each part or shard to one of three custodians if a customer chooses to subscribe. The feature is currently only available on the company&#8217;s Nano X wallet. Although, customers raised concerns that an update could expose their seed phrase to anyone but themselves, a thing that was previously thought impossible on any Ledger device. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Question: If you opt to use the service something needs to interact with our private keys to create a backup of the same obviously <br>Which means there is a way to interact with the private keys <br>This is the thing concerning everyone<br>Not that the service is optional or not</p>&mdash; SIUUUU????️ (@0xSiuuuu) <a href="https://twitter.com/0xSiuuuu/status/1658482969101881344?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Security expert and Polygon Labs CISO Mudit Gupta noted that private keys could be reconstructed using 2/3 of the shards, a problem that leaves wallet users open to a new attack vector. </p><p>Other users on Twitter completely rejected the update and asked the wallet maker to bin the idea or release a separate wallet product line for the recovery feature.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Additionally, they use ID verification to confirm your request for key construction.<br><br>Identity theft is relatively easy and super common. It&#39;s not a secure method at all.</p>&mdash; Mudit Gupta (@Mudit__Gupta) <a href="https://twitter.com/Mudit__Gupta/status/1658379340915044352?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="967" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-1024x967.jpeg" alt="“We don’t want it” CT Responds To Ledger Recover 15" class="wp-image-582297" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-1024x967.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-300x283.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-770x727.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-269x254.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1-746x705.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/IMG_8479-1.jpeg 1170w" sizes="(max-width: 1024px) 100vw, 1024px" title="“We don’t want it” CT Responds To Ledger Recover 22"></figure></div>]]></description><link>https://m.coinsnews.com/we-dont-want-it-ct-responds-to-ledger-recover</link><guid>581806</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/We-dont-want-it-CT-Responds-To-Ledger-Recover-770x433.jpeg</dc:content ><dc:text>“We don’t want it” CT Responds To Ledger Recover</dc:text></item><item><title>MiCA Receives Greenlight From EU Finance Ministers </title><description><![CDATA[<img width="770" height="332" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--770x332.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="MiCA" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--770x332.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--300x129.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--500x216.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--269x116.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--746x322.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers-.jpg 1008w" sizes="(max-width: 770px) 100vw, 770px" title="MiCA Receives Greenlight From EU Finance Ministers  23"><p>Summary: </p><ul><li>27 member states in the EU&#8217;s council wholly supported the bloc&#8217;s Markets in Crypto Assets regulation or MiCA during a vote on May 16.</li><li>European Union ministers also backed new crypto tax laws mandating that operators disclose users&#8217; holdings to relevant agencies as lawmakers hope to mitigate tax evasion.</li><li>Today&#8217;s vote brings MiCA&#8217;s implementation one step closer, with the crypto policies expected to officially activate around mid-2024.</li></ul><p>27 member states in the European Union&#8217;s council <a href="https://www.consilium.europa.eu/en/general-secretariat/corporate-policies/transparency/open-data/voting-results/?meeting=3948" target="_blank" data-type="URL" data-id="https://www.consilium.europa.eu/en/general-secretariat/corporate-policies/transparency/open-data/voting-results/?meeting=3948" rel="noreferrer noopener nofollow">wholly supported</a> the bloc&#8217;s Markets in Crypto Assets regulation or MiCA during a vote on May 16. The unanimous vote signals one of the final steps before MiCA passes into law and officially regulates crypto operators across Europe.</p><p>Today&#8217;s vote unsurprisingly passed after growing support for the bill among EU ministers and lawmakers alike. The bill had to garner support and pass official votes from two sides of the bloc &#8211; the EU&#8217;s council and parliament which already backed the bill during a vote in April. </p><p>Indeed, the bloc&#8217;s crypto rules won a 13-1 landslide after 517 EU policymakers <a href="https://en.ethereumworldnews.com/mica-wins-vote-crypto-licensing-europe/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/mica-wins-vote-crypto-licensing-europe/" rel="noreferrer noopener">voted</a> &#8220;Yes&#8221; in favor of the watershed crypto rules.</p><p>The EU will now publish MiCA in its Official Journal following support from both parliamentary negotiators and EU council members. However, it will take 12-18 months for the policies to take full effect and begin standardizing the EU&#8217;s crypto market. Operators will be afforded this time to comply with the policies or risk being booted out of Europe.</p><h2>Crypto Tax And AML Checks Agreed On After MiCA Vote</h2><p>The bloc&#8217;s members also made headway on new crypto tax laws and anti-money laundering systems. Crypto operators will be required to disclose customer holdings to tax agencies and new AML measures were agreed on to &#8220;prevent the misuse of the crypto industry for the purposes of money laundering and financing of terrorism&#8221;.</p><p>Sweden&#8217;s Finance Minister stressed that regulating the crypto-assets sector is in the best interest of Europeans who invested in these assets and the operators who offer them.</p><p>Today&#8217;s vote means that the EU will become the first major jurisdiction in the world to implement crypto rules and install a standard licensing policy. </p>]]></description><link>https://m.coinsnews.com/mica-receives-greenlight-from-eu-finance-ministers</link><guid>581747</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MiCA-Receives-Greenlight-From-EU-Finance-Ministers--770x332.jpg</dc:content ><dc:text>MiCA Receives Greenlight From EU Finance Ministers </dc:text></item><item><title>Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-770x578.png" class="webfeedsFeaturedVisual wp-post-image" alt="Ledger" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-770x578.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-300x225.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-1024x768.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-500x375.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-269x202.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-746x560.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service 20"><p>Summary: </p><ul><li>Ledger&#8217;s latest firmware update will allow users to split their seed phrase into shards and backup this sensitive information with three custodians including the company itself.</li><li>Users will have to pay a monthly subscription fee and provide a copy of their passport/national identity card to sign up for this service.</li><li>The crypto community expressed concerns that this update could jeopardize wallet security by exposing private keys to third parties.</li><li>Crypto proponents also cited Ledger&#8217;s previous data breach from 2020.</li></ul><p>Crypto wallet maker Ledger announced a new recovery service that will allow users to back up their seed phrase with third-party custodians as the company moves to slot in an extra safety net for users. </p><p>Crypto holders and proponents reacted to the firmware update with skepticism, mainly arguing that the service could jeopardize wallet security and incentive crypto scammers. </p><h2>Ledger Recovery</h2><p>The firmware update called &#8216;Ledger Recovery&#8217; will give customers the option to split their seed phrase into shards and back up this recovery phrase with three custodians &#8211; the wallet marker itself, crypto custody firm Coincover, and code escrow company EscrowTech.</p><blockquote class="wp-block-quote"><p>If somebody loses their recovery phrase, two of the three shards can be combined—pending an ID check—to regain access to the locked funds. Essentially, Ledger Recover is an additional safety net; for the price of $9.99 a month, it takes the jeopardy out of crypto’s version of stuffing dollars under the mattress. It’ll be available in the UK, EU, US, and Canada and come to other territories later in the year.</p><cite>&#8211; From Ledger&#8217;s firmware update note</cite></blockquote><p>Nano X, one of the company&#8217;s crypto hardware wallet products, is currently the only wallet compatible with the service. Users will have to pay a monthly subscription fee and provide a copy of their passport/national identity card to sign up for this service &#8211; a major point of contention for users. </p><p>The wallet maker has not yet published the firmware release notes, leaving the update&#8217;s implementation up for speculation till further notice.</p><h2>Community Uproar</h2><p>Some proponents were left unimpressed by the company&#8217;s decision. The main concerns were seemingly around requiring customers to provide an ID/passport, essentially doxxing users to third parties, and encouraging customers to back up their seed phrase online. </p><p>One Reddit user <a href="https://old.reddit.com/r/CryptoCurrency/comments/13im3bc/wtf_ledger_this_is_a_disaster_waiting_to_happen/" target="_blank" data-type="URL" data-id="https://old.reddit.com/r/CryptoCurrency/comments/13im3bc/wtf_ledger_this_is_a_disaster_waiting_to_happen/" rel="noreferrer noopener nofollow">pointed</a> out that distributing seed phrases to outside parties creates several points of failure and increases the risks of data leaks. The company previously suffered a massive exploit in July 2020 and the hacker <a href="https://www.forbes.com/sites/kenrapoza/2021/12/28/after-ledger-hack-who-can-you-trust-for-bitcoin-storage/" target="_blank" data-type="URL" data-id="https://www.forbes.com/sites/kenrapoza/2021/12/28/after-ledger-hack-who-can-you-trust-for-bitcoin-storage/" rel="noreferrer noopener">dumped</a> personal information on over 270,000 customers on the internet, including their phone numbers and home addresses.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Update on the July data breach: despite the leak, your crypto assets are safe.<br>If truly and sincerely regrettable, this breach only concerns e-commerce related information. It has no link nor impact on our hardware wallets, the apps or your funds.<a href="https://t.co/K0M65DQCOl" rel="nofollow">https://t.co/K0M65DQCOl</a></p>&mdash; Pascal Gauthier @Ledger (@_pgauthier) <a href="https://twitter.com/_pgauthier/status/1341084660953194497?ref_src=twsrc%5Etfw" rel="nofollow noopener">December 21, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Self-custody remains a hot-button topic in crypto, even more so after the failure of FTX crypto exchange. While some argue that <a href="https://en.ethereumworldnews.com/ledger-hardware-wallet-amid-ftx-debacle/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ledger-hardware-wallet-amid-ftx-debacle/" rel="noreferrer noopener">Ledger</a>&#8216;s latest recovery service puts users at risk, others insist that the option could help mitigate lost seed phrases and other self-custody risks. </p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="654" height="990" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ledger-Recovery-Firmware-Update.png" alt="Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service 12" class="wp-image-582282" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ledger-Recovery-Firmware-Update.png 654w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ledger-Recovery-Firmware-Update-198x300.png 198w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ledger-Recovery-Firmware-Update-269x407.png 269w" sizes="(max-width: 654px) 100vw, 654px" title="Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service 19"><figcaption><strong>Ledger Recovery Firmware Update</strong></figcaption></figure></div>]]></description><link>https://m.coinsnews.com/crypto-community-on-edge-after-ledger-announces-seed-phrase-recovery-service</link><guid>581699</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Crypto-Community-On-Edge-After-Ledger-Announces-Seed-Phrase-Recovery-Service-1-770x578.png</dc:content ><dc:text>Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service</dc:text></item><item><title>SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking</title><description><![CDATA[<img width="770" height="522" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-770x522.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-770x522.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-300x203.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-1024x694.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-1536x1041.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-2048x1388.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-500x339.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-269x182.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-746x505.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-1376x932.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking 22"><ul><li>The U.S. Securities and Exchange Commission has responded to the mandamus petition filed by Coinbase.&amp; </li><li>The regulator has indicated that it will continue initiating enforcement actions in the absence of clear crypto regulations.&amp; </li><li>The SEC has advised the crypto industry to not regard Chair Gary Gensler’s public statements as formal guidance for regulation.&amp; </li></ul><p>The U.S. Securities and Exchange Commission has responded to the petition for writ of mandamus filed by American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-launches-global-advisory-council/">Coinbase</a> last month. The petition was filed to compel the SEC to provide a yes or no answer to a previous request from Coinbase which urged the securities regulator to use its rulemaking process to provide guidance for the crypto industry. </p><h2><strong>SEC: Gary Gensler’s Public Statements Don’t Reflect Commission’s Stance</strong></h2><p>Paul Grewal, the Chief Legal Officer of Coinbase, took to Twitter earlier today to share the latest development in the intensifying legal battle between the crypto exchange and the SEC. Grewal revealed that the regulator’s response to its request for rulemaking for the crypto industry was a “resounding maybe.”. The SEC’s filing marked the first time it had formally explained its views on crypto regulation before the court. </p><h2></h2><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Today the SEC responded to Coinbase’s petition for a writ of mandamus — asking the court to require the SEC to respond just yes or no to whether it will undertake rulemaking for our industry. The SEC’s answer? A resounding maybe. 1/7</p>&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1658271335066505217?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>In the response <a href="https://storage.courtlistener.com/recap/gov.uscourts.ca3.119939/gov.uscourts.ca3.119939.26.0_1.pdf" rel="nofollow noopener">filed</a> with the U.S. Court of Appeals for the Third Circuit, the SEC urged the court to deny Coinbase’s mandamus petition, claiming that it was “baseless”. The securities regulator also called out the exchange for seeking the court’s help to compel it to act on the recently filed petition, citing that there were no statutes or regulations which required the Commission to act according to a specific timeline. </p><blockquote class="wp-block-quote"><p>That Coinbase would like its policy preferences addressed immediately does not entitle it to extraordinary relief ordering the Commission to act on a rulemaking petition that has been pending for well under a year.”</p><cite>Securities and Exchange Commission</cite></blockquote><p>According to Paul Grewal, the SEC has <a href="https://twitter.com/iampaulgrewal/status/1658271342863716352" rel="nofollow noopener">acknowledged</a> that it will continue to use enforcement actions as a substitute for rulemaking for the foreseeable future. However, the SEC has clarified that the information gathered from such enforcement actions could inform the Commission’s consideration of its regulatory approach for crypto assets. The SEC also advised the public to not consider public comments made by Chairman Gary Gensler as formal guidance or policy statements for the crypto industry.</p>]]></description><link>https://m.coinsnews.com/sec-will-continue-using-enforcement-actions-as-a-substitute-for-rulemaking</link><guid>581608</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitwises-Bitcoin-ETF-Application-Has-Been-Withdrawn-770x522.jpg</dc:content ><dc:text>SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking</dc:text></item><item><title>SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-746x419.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825.jpg 1320w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD 22"><ul><li>Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.&amp; </li><li>Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.&amp; </li><li>The deal allowed TerraUSD to regain its dollar peg in 2021 in exchange for a discount on Luna purchases by Jump.&amp; </li></ul><p>Chicago-based Jump Trading is once again in the crosshairs of the U.S. Securities and Exchange Commission (SEC) as recent court filings by the securities regulator highlight a secret deal between the high-frequency trading firm and the now defunct Terraform Labs involving the latter’s TerraUSD stablecoin.&amp; </p><h2><strong>Jump Trading Made Over $1 Billion After Secret Deal With Do Kwon</strong></h2><p>According to a report by the <a href="https://www.wsj.com/articles/jump-trading-did-secret-deal-to-prop-up-terrausd-stablecoin-sec-says-11335951" rel="noopener">Wall Street Journal</a>, recent court filings made by the SEC as part of its ongoing fraud lawsuit against Terraform Labs co-founder Do Kwon confirmed that Jump Trading was the unnamed U.S. trading firm that was listed in the initial <a href="https://www.sec.gov/litigation/complaints/2023/comp-pr2023-32.pdf" rel="nofollow noopener">complaint</a>. The complaint alleged that when the TerraUSD stablecoin lost its peg to the US Dollar in May 2021, Kwon and Terraform Labs entered into a secret deal with Jump Trading to prop up its price. As per said deal, Jump purchased large amounts of TerraUSD which drove up the stablecoin’s price and helped it regain its peg.&amp; </p><p>In exchange for helping restore TerraUSD’s peg, Terraform Labs allowed Jump to buy its Luna token at 30, 40, and 50 cents over the next three years. The agreed-upon price allowed Jump Trading to scoop up Luna tokens at a massive discount, which ultimately netted more than $1 billion for the trading firm. <a href="https://en.ethereumworldnews.com/jump-trading-sec-unnamed-firm-terra/">Reports</a> of Jump&#8217;s involvement with Terraform Labs’ started circulating earlier this year after the SEC filed charges against Do Kwon and his crypto firm.&amp; </p><p>Jump Trading’s role in helping TerraUSD regain its dollar pegs contradicts the claims made by Do Kwon about the stablecoin’s self-healing capability. The SEC has accused Kwon of making misleading statements about the capabilities of the stablecoin’s underlying algorithm while keeping investors in the dark about secret deals that actually propped up TerraUSD. As of now, Jump Trading has not been accused of any wrongdoing in connection with the stablecoin or Terraform Labs’ collapse in May last year.</p>]]></description><link>https://m.coinsnews.com/sec-says-jump-trading-secretly-propped-up-do-kwons-terrausd</link><guid>581609</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/MW-EC467_jump_t_ZG_20160105133825-770x433.jpg</dc:content ><dc:text>SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD</dc:text></item><item><title>BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell</title><description><![CDATA[<img width="770" height="520" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-300x203.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1024x691.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1536x1037.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-500x338.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-269x182.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-746x504.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1376x929.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi.jpg 1896w" sizes="(max-width: 770px) 100vw, 770px" title="BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell 22"><ul><li>BlockFi has planned to liquidate its crypto lending platform after determining that its the best course of action for creditors.</li><li>The bankrupt crypto lender’s decision comes after multiple unsuccessful attempts to sell the business.&amp; </li><li>The firm’s inability to secure a value-maximizing offer was blamed on the recent regulatory scrutiny of crypto entities.&amp; </li></ul><p>New Jersey-based <a href="https://en.ethereumworldnews.com/blockfi-custodial-account-300-million/">BlockFi</a> has announced its plans to liquidate its cryptocurrency lending platform following several unsuccessful attempts to sell the business. The bankrupt crypto lender has concluded that selling the lending business is the best course of action for its creditors and customers who have been stranded since November last year. </p><h2><strong>BlockFi’s Claims Against FTX &amp; Alameda Will Make a $1 Billion Difference</strong></h2><p>According to a report by the <a href="https://www.wsj.com/amp/articles/blockfi-moves-to-liquidate-its-crypto-lending-platform-ccd50083" rel="noopener">Wall Street Journal</a>, BlockFi has determined that selling the crypto lending platform will not generate enough value for the bankrupt firm’s creditors and customers. The firm laid out its reorganization plan in a recent <a href="https://restructuring.ra.kroll.com/blockfi/Home-DocketInfo" rel="nofollow noopener">filing</a> made with the U.S. Bankruptcy Court for the District of New Jersey. As per the court filing, the Chapter 11 reorganization plan has been sent to the bankrupt crypto lender’s creditors and over 100,000 retail customers for a vote. </p><blockquote class="wp-block-quote"><p>We believe that our Plan is the fastest way for clients to receive the highest recovery of digital assets and conclude the Chapter 11 cases as quickly as possible.”</p><cite>Statement from BlockFi</cite></blockquote><p>BlockFi’s decision to initiate the self-liquidation transaction comes after back and forth with multiple potential buyers regarding a sale since January this year. The crypto lender found that a sale wouldn’t generate meaningful value for the creditors and that directly distributing assets after liquidation would extract more value for said creditors. The bankrupt crypto lender also cited the recent regulatory scrutiny of crypto entities as one of the reasons for not being able to secure a value-maximizing offer from prospective buyers.&amp; </p><p>The amount that will be distributed to BlockFi’s creditors will depend on the outcome of pending litigation against its counterparties. The crypto lender has nearly $355 million frozen on the bankrupt crypto exchange FTX and an outstanding $671 million loan to FTX’s sister firm Alameda Research. The outcome of the lawsuits involving FTX and other counterparties, including Three Arrows Capital and crypto miner Core Scientific, will make a difference of over $1 billion in BlockFi’s recoveries and the subsequent repayment to its creditors.&amp; &amp; </p>]]></description><link>https://m.coinsnews.com/blockfi-to-liquidate-its-crypto-lending-platform-after-failing-to-sell</link><guid>581587</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg</dc:content ><dc:text>BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell</dc:text></item><item><title>Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch</title><description><![CDATA[<img width="770" height="393" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-770x393.png" class="webfeedsFeaturedVisual wp-post-image" alt="Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-770x393.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-300x153.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-1024x523.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-500x255.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-269x137.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-746x381.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido.png 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch 22"><ul><li>Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.&amp; </li><li>The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.&amp; </li><li>Lido’s governance token has gained more than 12% following the latest developments.&amp; </li></ul><p>Lido Finance, the largest <a href="https://en.ethereumworldnews.com/aave-v3-ethereum-l2-network-metis/">Ethereum</a> staking protocol, has activated the withdrawal of staked ether from its platform. The activation of Ethereum withdrawals comes with the liquid staking protocol’s move to version 2, which was approved through a governance vote earlier today by the community behind the staking platform. </p><h2><strong>Lido Finance Community Approved V2 With Overwhelming Majority</strong></h2><p>The decentralized autonomous organization (DAO) behind Lido Finance approved the governance <a href="https://vote.lido.fi/vote/156" rel="nofollow noopener">vote</a> to decide the move to V2 with an overwhelming majority earlier today. According to the on-chain voting platform Aragon, 100% of the members who participated in the vote were in favor of the transition to V2. The on-chain vote, which began on May 12, 2023, received 0 votes against the proposal.&amp; </p><blockquote class="wp-block-quote"><p>The launch of Lido V2 represents an architectural evolution of the Lido protocol, ushering in both the ability for stETH holders to natively unstake their stETH in-protocol for ETH. Simple, accessible, and timely withdrawals are a core part of a full-fledged staking product.&#8221; </p><cite>Isidoros Passadis, Lido DAO contributor </cite></blockquote><p>The Lido V2 mainnet launch was described by the protocol as its most important upgrade to date. The move allows Ethereum stakers to directly unstake ETH through the protocol. The upgrade to V2 also enabled the platform’s staking router, which allows for the development of on-ramps for new Node Operators, ranging from solo stakers to DAOs and Distributed Validator Technology (DVT) clusters.&amp; </p><p>The activation of Ether withdrawals on Lido comes a month after Ethereum&#8217;s Shapella Upgrade went live. The liquid staking platform expects the in-protocol ETH withdrawal functionality to streamline the overall staking experience for users and address previous inconveniences related to the protocol’s security. The latest development had led to a bullish impact on Lido’s governance token LidoDAO. The token has gained more than 12% over the past 24 hours, reaching as high as $2.17 earlier today.</p>]]></description><link>https://m.coinsnews.com/lido-finance-activates-ethereum-withdrawals-with-v2-mainnet-launch</link><guid>581555</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/54365Lido-770x393.png</dc:content ><dc:text>Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch</dc:text></item><item><title>SEC Could Settle For $111,000 Penalty Instead Of $22 Million In LBRY Case </title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Could Settle For $111,000 Penalty Instead Of $22 Million In LBRY Case  22"><p>Summary: </p><ul><li>Court documents show that the SEC could slash its $22 million fine against crypto company LBRY for alleged violations, per filing made on Friday, May 12.</li><li>The watchdog said that LRBY broke U.S. securities laws by offering unregistered LCB tokens.</li><li>The lawsuit filed in March 2021 which later secured a $22 million fine against LBRY from a U.S. Judge in November could end in a reduced penalty worth $111,614.</li></ul><p>The U.S. Securities and Exchange Commission <a href="https://www.courtlistener.com/docket/59774584/107/us-securities-and-exchange-commission-v-lbry-inc/" target="_blank" data-type="URL" data-id="https://www.courtlistener.com/docket/59774584/107/us-securities-and-exchange-commission-v-lbry-inc/" rel="noreferrer noopener nofollow">filed</a> to slash $22 million in monetary penalties issued against crypto company LBRY following a March 2021 regulatory lawsuit. </p><p>In November, a court in New Hampshire ruled against LBRY and backed the SEC&#8217;s claims. The watchdog sued LBRY for $22 million in March 2021 over its LCB tokens, alleging that the crypto startup violated U.S. rules by not registering its financial offering with the commission.</p><p>LBRY is a blockchain-based filesharing and payment network that powers decentralized platforms with a primary focus on social and video platforms. The startup denied any rule-breaking and entered a two-year-long legal battle with the commission. </p><p>LBRY argued that the commission&#8217;s fine was excessive, citing Kik&#8217;s $100 million token offering and the subsequent $5 million settlement after unregistered securities claims were levied.</p><p>The regulatory scene in the U.S. soured significantly in the months that followed after the LBRY lawsuit as federal and state agencies unleashed a sizzling crackdown on crypto businesses in America.</p><p>On May 12, the SEC cited LBRY&#8217;s &#8220;lack of funds and near-defunct status&#8221; and filed documents to reduce its fine to $111,614.</p><h2>SEC Spearheads America&#8217;s Crypto Crackdown</h2><p>The commission has rattled crypto&#8217;s ecosystem with several enforcement actions since the case against LBRY. Ripple, another crypto player, has an unsettled legal showdown with the watchdog over the sale of $1.3 billion in XRP coins.</p><p>Entities like <a href="https://en.ethereumworldnews.com/sec-reply-coinbase-petition-in-10-days/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-reply-coinbase-petition-in-10-days/">Coinbase</a> have looked towards off-shore jurisdictions amid America&#8217;s stifling crypto regulatory landscape. Still, industry juggernauts like Coinbase CEO Brian Armstrong remain confident of doing business in the U.S. as players push for clearer crypto rules.</p>]]></description><link>https://m.coinsnews.com/sec-could-settle-for-111000-penalty-instead-of-22-million-in-lbry-case</link><guid>581446</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg</dc:content ><dc:text>SEC Could Settle For $111,000 Penalty Instead Of $22 Million In LBRY Case </dc:text></item><item><title>Fake HitBTC Phishing Site Raked In $15 Million In Crypto</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="HitBTC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1024x684.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1536x1026.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-2048x1368.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-269x180.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-1376x919.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Fake HitBTC Phishing Site Raked In $15 Million In Crypto 22"><p>Summary: </p><ul><li>This phishing scammer has stolen funds in Bitcoin, Ether, Shib, and USDST since at least June last year.</li><li>SlowMist analysis of on-chain data shows that at least $15 million in cryptocurrencies has been drained from HitBTC users.</li><li>The scammer mirrors webpages of decentralized apps and web3 tools like HitBTC, Coinone, and LedgerX before draining connected wallets of their value.</li></ul><p>A crypto phishing scammer has <a href="https://twitter.com/MistTrack_io/status/1658050314774384642?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/MistTrack_io/status/1658050314774384642?s=20" rel="noreferrer noopener nofollow">stolen</a> over $15 million from victims&#8217; wallets by mirroring UI built by crypto exchanges like HitBTC and digital asset service providers, per crypto tracking and compliance company SlowMist.</p><p>The scammer operates four wallets that have been identified so far. SlowMist also estimates that the phishing scammer has used these wallets since around June last year, stealing users&#8217; funds in Bitcoin (BTC), Ether (ETH), Shina Inu (SHIB), and stablecoin USDT. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">????MistTrack Scam Alert????<br><br>Fake site: hitbt2c[.]lol<br>Real site: hitbtc[.]com by <a href="https://twitter.com/hitbtc?ref_src=twsrc%5Etfw" rel="nofollow noopener">@hitbtc</a><br><br>This scammer has stolen more than $15 million, including <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BTC</a>, <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$USDT</a>, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ETH</a> and other currencies. <a href="https://t.co/i032uASW7y" rel="nofollow">pic.twitter.com/i032uASW7y</a></p>&mdash; MistTrack????️ (@MistTrack_io) <a href="https://twitter.com/MistTrack_io/status/1658050314774384642?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 15, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Phishing Technique Clones HitBTC Exchange</h2><p>The phishing process clones a decentralized app&#8217;s user interface &#8211; HitBTC in this case &#8211; and lures victims into connecting their wallets by clicking &#8220;Approve&#8221;. Approving here gives the phishing contract &#8220;unlimited authorization for your <a href="https://twitter.com/search?q=%24USDT&amp;src=cashtag_click" rel="nofollow noopener">$USDT</a>&#8220;. </p><p>Next, victims are directed to deposit assets like they would on an actual exchange. The crypto phishing scammer designed their cloned platform to only support deposits via the Bitcoin, Ethereum, and Tron networks. </p><p>Finally, the victim confirms the transaction thinking they&#8217;re trading on HitBTC&#8217;s actual platform. In the background, the phishers drain users&#8217; wallets of their ETH and other crypto balances. This phisher&#8217;s scamming portfolio features several fake websites as well. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">In addition, it has many similar phishing sites, which seems to be a big <a href="https://twitter.com/hashtag/ShaZhuPan?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#ShaZhuPan</a>. <a href="https://t.co/fuHfzkC6tz" rel="nofollow">pic.twitter.com/fuHfzkC6tz</a></p>&mdash; MistTrack????️ (@MistTrack_io) <a href="https://twitter.com/MistTrack_io/status/1658054616989470720?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 15, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Millions Lost To Crypto Phishers</h2><p>Phishers have raided unsuspecting victims since the internet evolved into a mainstream network used by millions. These illicit actors also target crypto users thanks to the liquidity coursing through decentralized finance and blockchain ecosystems.</p><p>The intersection between web2 marketing tools and web3 platforms also creates an opportunity for phishers to attack crypto users. Google ads were used to steal over $4 million from thousands of users. The data <a href="https://en.ethereumworldnews.com/crypto-phishers-millions-users-google/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/crypto-phishers-millions-users-google/" rel="noreferrer noopener">showed</a> a surge in shady Google ads promoting fake websites. </p>]]></description><link>https://m.coinsnews.com/fake-hitbtc-phishing-site-raked-in-15-million-in-crypto</link><guid>581447</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/Raydium-Hacker-Swaps-2.5-million-in-Stolen-Crypto-From-Solana-To-Ethereum-770x514.jpg</dc:content ><dc:text>Fake HitBTC Phishing Site Raked In $15 Million In Crypto</dc:text></item><item><title>Binance Set To Leave Canadian Market Due To Unfavorable Regulatory Landscape</title><description><![CDATA[<img width="612" height="451" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Set To Leave Canadian Market Due To Unfavorable Regulatory Landscape 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1.jpg 612w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1-300x221.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1-500x368.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1-269x198.jpg 269w" sizes="(max-width: 612px) 100vw, 612px" title="Binance Set To Leave Canadian Market Due To Unfavorable Regulatory Landscape 22"><ul><li>Binance has announced that it will wind down its operations in Canada.&amp; </li><li>The crypto exchange cited Canada’s challenging regulatory landscape for the decision to exit.&amp; </li><li>Binance joins the likes of dYdX and OKX, which have decided to leave the Canadian market for similar reasons.&amp; </li></ul><p>The world’s largest crypto exchange is set to exit the Canadian crypto market. <a href="https://en.ethereumworldnews.com/binance-us-cut-cz-stake-in-the-exchange/">Binance</a> announced earlier today that it will be winding down its operation in Canada, citing the challenging regulatory environment created by the enhanced investor protection commitments that were introduced by the Canadian Securities Administrators.</p><h2><strong>Binance: Canada Is No Longer A Tenable Market</strong></h2><p>According to a recent <a href="https://twitter.com/binance/status/1657099651210969088?s=20" rel="nofollow noopener">tweet</a> from Binance, the crypto exchange is proactively withdrawing from the Canadian marketplace. The tweet blamed Canada’s new guidance related to stablecoins and investor limits published for crypto exchanges for the firm’s decision to exit the country. The regulations reportedly made Canada untenable for the firm to operate in. </p><p>The crypto exchange stated that Canada was a relatively small market, but held sentimental value given that it is the home country of founder and CEO Changpeng Zhao. The exchange explored reasonable avenues to protect its Canadian users, but all efforts were futile. In the tweet, the exchange thanked the Canadian regulators who collaborated with the exchange to address regulatory concerns. </p><blockquote class="wp-block-quote"><p>While we do not agree with the new guidance, we hope to continue to engage with Canadian regulators aimed at a thoughtful, comprehensive regulatory framework.”</p></blockquote><p>As for the exchange’s Canadian customers, the tweet clarified that they received emails containing comprehensive information regarding the impact of the latest development. Binance is confident that it will return to Canada once its regulators allow citizens to access a broader range of digital assets. With its latest decision, Binance joins fellow crypto exchanges OKX and dYdX, which announced their intention to depart Canada earlier this year due to the shakeup in regulations.&amp; </p>]]></description><link>https://m.coinsnews.com/binance-set-to-leave-canadian-market-due-to-unfavorable-regulatory-landscape</link><guid>580910</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/istockphoto-471101739-612x612-1.jpg</dc:content ><dc:text>Binance Set To Leave Canadian Market Due To Unfavorable Regulatory Landscape</dc:text></item><item><title>Coinbase Assembles Global Advisory Council Featuring US Politicians &amp; Industry Leaders</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Assembles Global Advisory Council Featuring US Politicians &amp; Industry Leaders 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-2048x1152.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-1376x774.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Assembles Global Advisory Council Featuring US Politicians &amp; Industry Leaders 21"><ul><li>Coinbase has established a Global Advisory Council to navigate the regulatory landscape surrounding the crypto industry.&amp; </li><li>The crypto exchange has tapped former U.S. lawmakers, including a former Senator and a political strategist for the council.&amp; </li><li>The new council will work alongside an existing regulatory advisory council that includes former SEC Chair, Jay Clayton.&amp; </li></ul><p>American crypto giant <a href="https://en.ethereumworldnews.com/coinbase-manager-2-years-insider-trading/">Coinbase</a> has established a Global Advisory Council that is aimed at helping the company navigate the complex and dynamic landscape of the crypto industry. The San Francisco-based crypto exchange announced the formation of the new council in a blog post earlier today. The advisory council features a team of U.S. politicians and political strategists along with crypto industry leaders. </p><h2><strong>Global Advisory Council Will Guide Coinbase Executives</strong></h2><p>Coinbase unveiled its Global Advisory Council through a <a href="https://www.coinbase.com/blog/coinbase-establishes-global-advisory-council" rel="nofollow noopener">blog post</a> earlier today. The crypto exchange has tapped several former lawmakers, including former U.S. Senator Patrick Toomey (R-PA), former U.S. Congressman Tim Ryan (D-OH), and former U.S. Congressman Sean Patrick Maloney (D-NY). The council also features top political strategist John Anzalone and the Chief Strategy Officer of Haun Ventures Chris Lehane. </p><blockquote class="wp-block-quote"><p>The creation of the Advisory Council is a significant step for Coinbase as we navigate an increasingly complex and evolving landscape in the US and internationally.”</p></blockquote><p></p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Welcome <a href="https://twitter.com/SenToomey?ref_src=twsrc%5Etfw" rel="nofollow noopener">@SenToomey</a>, <a href="https://twitter.com/TimRyan?ref_src=twsrc%5Etfw" rel="nofollow noopener">@TimRyan</a>, <a href="https://twitter.com/JohnAnzo?ref_src=twsrc%5Etfw" rel="nofollow noopener">@JohnAnzo</a>, <a href="https://twitter.com/RepSeanMaloney?ref_src=twsrc%5Etfw" rel="nofollow noopener">@RepSeanMaloney</a>, and <a href="https://twitter.com/chrislehane?ref_src=twsrc%5Etfw" rel="nofollow noopener">@chrislehane</a>  to the Coinbase Global Advisory Council.  Excited to work with you to update the financial system and get regulatory clarity for crypto. <a href="https://t.co/lqk38ZudcI" rel="nofollow">https://t.co/lqk38ZudcI</a></p>&mdash; Brian Armstrong ????️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1657081822805889024?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Coinbase CEO Brian Armstrong took to Twitter earlier today to welcome the members of the new advisory council. Armstrong was joined by the exchange Chief Policy Officer Faryar Shirzad in welcoming the new advisory team. Shirzad stated that the firm intends to add more leaders from the United States and abroad to the advisory council over the next few weeks. </p><p>The Global Advisory Council will guide Coinbase’s leadership team by providing insights and strategic expertise. It will work alongside members of the Coinbase Asset Management Academic and Regulatory Advisory Council, which features former government officials, including former Securities and Exchange Commission (SEC) Chairman Jay Clayton and Courtney Elwood, former General Counsel at CIA.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-assembles-global-advisory-council-featuring-us-politicians-industry-leaders</link><guid>580866</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/08coinbase-sub-videoSixteenByNine3000-770x433.jpg</dc:content ><dc:text>Coinbase Assembles Global Advisory Council Featuring US Politicians &amp; Industry Leaders</dc:text></item><item><title>TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro</title><description><![CDATA[<img width="560" height="719" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro.jpg 560w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro-234x300.jpg 234w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro-500x642.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro-269x345.jpg 269w" sizes="(max-width: 560px) 100vw, 560px" title="TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro 21"><p>Summary: </p><ul><li>A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.</li><li>Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartment or exit the country.</li><li>Montenegro authorities charged the Terraform Labs founder with forgery after he was detained before he boarded a private plane to Dubai.</li></ul><p>TerraUSD creator Do Kwon will be <a href="https://www.pobjeda.me/clanak/prihvaceno-jemstvo-od-800000-eura-korejskim-drzavljanima" target="_blank" data-type="URL" data-id="https://www.pobjeda.me/clanak/prihvaceno-jemstvo-od-800000-eura-korejskim-drzavljanima" rel="noreferrer noopener nofollow">released</a> in Montenegro after a court in the country’s capital granted his bail request.</p><p>Kwon’s lawyers proposed a bail of $437,000 or the equivalent of €400,000 during a court hearing on Thursday. The charges claim that Do Kwon traveled with forged documents after his arrest in March.</p><p>Local prosecutors argued that the two suspects have the financial means to escape Montenegro and have “zero interest” in staying in the country, an argument seemingly insufficient for the court.</p><p>A Basic Court in Podgorica will allow Kwon to stay at his apartment after he pays the bail. Han, a Terra executive detained alongside Kwon, will pay the same amount. Both defendants cannot leave their apartment or Montenegro and must answer all court summons per the terms of Friday’s bail ruling. Montenegrin prosecutors have three days to appeal this ruling. </p><h2>Do Kwon Jail Time</h2><p>Do Kwon who was about to board a private jet bound for Dubai before his arrest could spend five years in a Montenegrin prison cell if convicted. Another court hearing is scheduled for June 16 as authorities prepare to prosecute the Terraform Labs founder for allegedly forging travel papers.</p><p>Even if Kwon is cleared in a Montenegro court, possible extradition awaits for the crypto entrepreneur whose company obliterated $40 billion from the market last May.</p><h2>Wen Extradition?</h2><p>It&#8217;s unclear how prosecution in Montenegro will affect extradition requests from South Korea and the U.S. Both jurisdictions hope to <a href="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" rel="noreferrer noopener">arraign</a> Do Kwon, although investigators in South Korea argue that trying him in his home country is the best option. </p><p>The U.S. Securities and Exchange Commission (SEC) already filed civil fraud charges against the Terraform Labs founder. </p>]]></description><link>https://m.coinsnews.com/terrausd-creator-do-kwon-granted-437000-bail-in-montenegro</link><guid>580775</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/TerraUSD-Creator-Do-Kwon-Granted-E400000-Bail-In-Montenegro.jpg</dc:content ><dc:text>TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro</dc:text></item><item><title>Binance US Seeks To Cut Changpeng Zhao’s Controlling Stake In The Exchange</title><description><![CDATA[<img width="770" height="520" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-770x520.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance US Seeks To Cut Changpeng Zhao’s Controlling Stake In The Exchange 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-770x520.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-300x202.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-1024x691.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-1536x1036.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-2048x1382.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-500x337.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-269x181.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-746x503.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-1376x928.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Binance US Seeks To Cut Changpeng Zhao’s Controlling Stake In The Exchange 20"><ul><li>Binance US and its owner Changpeng Zhao have reportedly been looking for ways to reduce his stake in the exchange.&amp; </li><li>Zhao launched the crypto exchange’s American arm in 2019 and owns a controlling stake in it.&amp; </li><li>People familiar with the matter revealed that CZ has been trying to sell part of his stake since last summer.&amp; </li></ul><p>Binance US, the United States-based subsidiary of the world’s largest crypto exchange, is reportedly seeking to cut the stake of its owner and founder Changpeng Zhao (CZ). The American crypto exchange is working with Zhao and exploring ways to reduce the crypto billionaire’s controlling stake in the exchange.&amp; </p><h2><strong>Binance US Hopes To Reduce Regulatory Heat By Reducing CZ’s Stake</strong></h2><p>According to a report by <a href="https://www.theinformation.com/articles/binance-us-explores-ways-to-cut-founder-changpeng-zhaos-majority-stake" rel="nofollow noopener">The Information</a>, Binance US and Changpeng Zhao have been looking into ways to reduce the latter&#8217;s stake in the crypto exchange for quite some time now. People familiar with the matter revealed that Zhao has been trying to sell part of his stake since as early as last summer. Zhao launched Binance US in 2019, just two years after he founded the more popular international exchange. </p><p>The intensifying regulatory scrutiny of Zhao, Binance, and its American arm has prompted the exchange to expedite the divesting process. In light of the recent legal trouble involving <a href="https://en.ethereumworldnews.com/binance-doj-probe-russian-sanction/">Binance</a> and Zhao, the executives at Binance US have discussed how limiting the exchange’s relationship with Zhao and the international entity may help take some of the regulatory heat off the American entity. Given that Zhao holds a majority stake in the US exchange, reducing his share may put the exchange in a more favorable position in terms of its relationship with U.S. regulators. </p><p>The top management of Binance US believes that Changpeng Zhao’s involvement in the lawsuit that was recently filed by the U.S. Commodities and Futures Trading Commission (CFTC) may prevent the exchange from securing certain regulatory licenses to ensure smooth operation in the US crypto market. Earlier this year, the CFTC charged Zhao with willful evasion of federal law and operating an illegal digital asset derivatives exchange.</p>]]></description><link>https://m.coinsnews.com/binance-us-seeks-to-cut-changpeng-zhaos-controlling-stake-in-the-exchange</link><guid>580638</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/107152567-1668602820538-GettyImages-1244424369-770x520.jpg</dc:content ><dc:text>Binance US Seeks To Cut Changpeng Zhao’s Controlling Stake In The Exchange</dc:text></item><item><title>U.S. Helps Ukraine Identify Russian Crypto Sanctions Evaders</title><description><![CDATA[<img width="770" height="560" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-770x560.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="U.S. Helps Ukraine Identify Russian Crypto Sanctions Evaders 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-770x560.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-300x218.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-1024x745.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-1536x1117.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-2048x1489.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-500x364.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-269x196.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-746x542.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-1376x1001.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="U.S. Helps Ukraine Identify Russian Crypto Sanctions Evaders 18"><ul><li>The U.S. Internal Revenue Service is helping Ukrainian law enforcement to pursue Russian crypto sanctions evaders.&amp; </li><li>Chainalysis is collaborating with agencies from both nations to track individuals suspected of concealing their wealth using crypto.&amp; </li><li>Regulators and policymakers in the US have highlighted the potential role of crypto in sanctions evasion and money laundering.&amp; </li></ul><p>The United States Internal Revenue Service (IRS) has collaborated with blockchain intelligence firm Chainalysis to guide and train law enforcement agencies in Ukraine to carry out investigations and identify those evading <a href="https://en.ethereumworldnews.com/binance-doj-probe-russian-sanction/">crypto sanctions</a> imposed on Russia. News of the international collaboration comes more than a year after Ukraine was invaded by Russia, prompting high-profile Russian nationals to scramble to conceal their assets. </p><h2><strong>The U.S. Is Sponsoring Crypto Investigation Tool For Ukraine</strong></h2><p>According to a report by the <a href="https://www.wsj.com/articles/u-s-trains-ukrainian-law-enforcement-to-pursue-russian-crypto-assets-e005ba5?mod=business_minor_pos4" rel="noopener">Wall Street Journal</a>, Ukrainian law enforcement agencies and investigators will be part of a week-long training camp that will be held in Frankfurt, Germany. The Internal Revenue Service’s criminal investigation division will provide advanced, in-person training to Ukrainian investigators which will help them track down illicit crypto transactions and financial networks used by sanctioned entities in Russia. </p><p>The IRS has been playing an active role in probing potential violations of sanctions imposed in Russia since it invaded Ukraine in February last year. The tax agency is reportedly involved in 23 sanctions-related investigations at the moment. As part of the collaboration with Ukraine, the IRS will provide cyber training to the country’s National Police, the Economic Security Bureau, the Security Service, and the Prosecutor General’s Office.</p><blockquote class="wp-block-quote"><p>One key area is the identification and elimination of centers of support for occupation forces that raise funds for the purchase of things necessary for the war. We often see fundraising campaigns conducted with the use of cryptocurrency.” </p><cite>Yurii Vykhodets, Head of the Cyber Department, National Police of Ukraine</cite></blockquote><p>The IRS has revealed that it sponsored Ukraine’s use of Chainalysis Reactor, a crypto investigation tool designed by the blockchain intelligence firm. The agency has provided Ukrainian authorities with licenses to use the product, which will aid in the tracking and identification of those attempting to circumvent Russian sanctions. The collaboration comes in light of multiple warnings issued by regulators and policymakers in the U.S. regarding sanction evasions and money laundering by Russian nationals.</p>]]></description><link>https://m.coinsnews.com/us-helps-ukraine-identify-russian-crypto-sanctions-evaders</link><guid>580611</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20150212_UkraineTroopsDebaltseve_528-770x560.jpg</dc:content ><dc:text>U.S. Helps Ukraine Identify Russian Crypto Sanctions Evaders</dc:text></item><item><title>Judge Says BlockFi Custodial Account Holders Can Be Repaid $300 Million</title><description><![CDATA[<img width="770" height="520" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Judge Says BlockFi Custodial Account Holders Can Be Repaid $300 Million 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-300x203.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1024x691.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1536x1037.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-500x338.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-269x182.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-746x504.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-1376x929.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi.jpg 1896w" sizes="(max-width: 770px) 100vw, 770px" title="Judge Says BlockFi Custodial Account Holders Can Be Repaid $300 Million 20"><ul><li>A bankruptcy judge has ruled in favor of returning $300 million to the custodial account holders of BlockFi.&amp; </li><li>The judge denied the crypto lender’s customers from laying claim to an additional $375 million in its interest-bearing accounts.&amp; </li><li>The ruling comes more than five months after the crypto lender filed for bankruptcy last year.&amp; </li></ul><p>A New Jersey Judge ruled earlier today that BlockFi users who held custodial accounts with the crypto lender are entitled to receive nearly $300 million from those custodial accounts. The ruling comes as much-needed positive news for the users who have been stranded since November 2022 when the crypto lender filed for <a href="https://en.ethereumworldnews.com/bittrex-files-for-chapter-11-bankruptcy/">bankruptcy</a>. </p><h2><strong>BlockFi Users Can’t Lay Claim To $375 Million From Interest-Bearing Accounts</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-11/blockfi-crypto-customers-lose-fight-over-disputed-coin-transfers#xj4y7vzkg" rel="nofollow noopener">Bloomberg</a>, Judge Michael Kaplan of the U.S. Bankruptcy Court for the District of New Jersey, almost $300 million can be returned to users who held their funds in BlockFi’s custodial wallets. The bankruptcy judge ruled that those assets were not the property of the crypto lender’s bankruptcy estate. </p><blockquote class="wp-block-quote"><p>The court finds that all digital assets held by the debtors in custodial omnibus wallets are indeed client property and not the property of the bankruptcy estates, subject, of course, to possible avoidance and clawback rights.”</p><cite>Judge Michael Kaplan, U.S. Bankruptcy Court for the Southern District of New Jersey</cite></blockquote><p>However, in the matter of the crypto assets worth $375 million lying in BlockFi’s interest-bearing accounts, Judge Kaplan ruled that the bankrupt crypto lender’s customers had no claim to them. The users had tried to transfer those assets to secure digital wallets on November 10, 2023, when BlockFi filed for Chapter 11 bankruptcy. At the time the company’s app confirmed the completion of said transfers, but the amount was not reflected in the users&#8217; digital wallets.&amp; </p><p>“The user interface did not accurately reflect the transactions,” the judge stated while ruling that all transfers that were initiated by interest-bearing account users after 8:15 pm on November 10, 2022, were completed. Judge Kaplan has permitted BlockFi to cancel all those transactions and retain the crypto assets.&amp; </p>]]></description><link>https://m.coinsnews.com/judge-says-blockfi-custodial-account-holders-can-be-repaid-300-million</link><guid>580569</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/blockfi-770x520.jpg</dc:content ><dc:text>Judge Says BlockFi Custodial Account Holders Can Be Repaid $300 Million</dc:text></item><item><title>Memecoin Army Extracts Coinbase Apology After Botched Pepe Newsletter</title><description><![CDATA[<img width="600" height="600" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter.jpg 600w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-300x300.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-100x100.jpg 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-500x500.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-293x293.jpg 293w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-269x269.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-366x366.jpg 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter-561x561.jpg 561w" sizes="(max-width: 600px) 100vw, 600px" title="Memecoin Army Extracts Coinbase Apology After Botched Pepe Newsletter 20"><p>Summary: </p><ul><li>DeleteCoinbase trended globally on Twitter following intense backlash from Memecoin Pepe holders.</li><li>Pepe bulls threatening to close their Coinbase accounts trooped out in the thousands on social media.</li><li>The reactions charged out after the company&#8217;s newsletter called Pepe a &#8220;hate symbol&#8221; championed by far-right groups, citing a portion of the Anti-Defamation League’s opinion on Pepe The Frog.</li><li>Speculative traders continue to bask in memecoin mania.</li></ul><p>Coinbase <a href="https://twitter.com/iampaulgrewal/status/1656688561742131201?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/iampaulgrewal/status/1656688561742131201?s=20" rel="noreferrer noopener nofollow">apologized</a> to the Pepe memecoin community following roaring social media backlash after a company newsletter painted the frog-themed-meme as a &#8220;hate symbol&#8221;. </p><p>The email to users quoted an Anti-Defamation League’s publication on Pepe the Frog and internet symbols propagated by far-right groups. </p><blockquote class="wp-block-quote"><p>The [PEPE] token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character. Over time it has been co-opted as a hate symbol by alt-right groups, according to the Anti-Defamation League,”</p><cite>&#8211; From Coinbase&#8217;s newsletter</cite></blockquote><p>Thousands of Pepe bulls flooded crypto Twitter with #DeleteCoinbase posts after the newsletter dropped. Coinbase stock COIN bled as aggrieved Pepe supporters threatened to withdraw their assets and close their accounts on the crypto exchange. Some users also said they would switch to Gemini which supports PEPE trading.</p><p>One user highlighted another portion of the same ADL post that contradicts the platform&#8217;s presentation of Pepe meme culture. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Why you lying <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" rel="nofollow noopener">@coinbase</a> ?<br>Looks like the only people practicing defamation are you guys by twisting the words of the ADL and I can&#39;t fathom why <a href="https://t.co/UR2AXSpoQE" rel="nofollow">https://t.co/UR2AXSpoQE</a> <a href="https://t.co/VNx2Gnm0yI" rel="nofollow">pic.twitter.com/VNx2Gnm0yI</a></p>&mdash; Agent PEPE ???? (@agentgottlieb) <a href="https://twitter.com/agentgottlieb/status/1656458129045962754?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 11, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>&#8216;We screwed up and we are sorry&#8217; &#8211; Coinbase Chief Attorney</h2><p>Chief Legal Officer Paul Grewal tweeted to the Pepe community on behalf of the company. &#8220;This did not provide the whole picture of the history of the meme and we apologize to the community.&#8221;, said Grewal about the company&#8217;s newsletter. </p><p>The crypto exchange has been the subject of similar backlash on at least two other occasions. </p><p>For meme-coiners, the apology is another notch on the belt after a blitzing memecoin mania that has spiked gas fees on <a href="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" rel="noreferrer noopener">Bitcoin</a> and <a href="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" rel="noreferrer noopener">Ethereum</a>. </p>]]></description><link>https://m.coinsnews.com/memecoin-army-extracts-coinbase-apology-after-botched-pepe-newsletter</link><guid>580570</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Army-Strongarms-Coinbase-Apology-After-Botched-Pepe-Newsletter.jpg</dc:content ><dc:text>Memecoin Army Extracts Coinbase Apology After Botched Pepe Newsletter</dc:text></item><item><title>Do Kwon Denies Using Fake Travel Papers At Montenegro Airport, Requests $437K Bail</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1.jpeg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Do Kwon Denies Using Fake Travel Papers At Montenegro Airport, Requests $437K Bail 20"><p>Summary:</p><ul><li>Do Kwon&#8217;s lawyers asked the court to grant supervised bail conditions for both defendants &#8211; the TerraUSD founder and his colleague Han Chang-joon.</li><li>Both Terraform Labs executives were arrested in Montenegro&#8217;s capital of Podgorica while trying to board a private plane bound for Dubai.</li><li>Governments from South Korea and the U.S. want to extradite Kwon for financial crimes in Terra&#8217;s $40 billion collapse</li></ul><p>&#8220;Not guilty&#8221; TerraUSD designer Do Kwon <a href="https://www.bloomberg.com/news/articles/2023-05-11/terrausd-creator-kwon-pleads-not-guilty-to-fake-passport-charges" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-11/terrausd-creator-kwon-pleads-not-guilty-to-fake-passport-charges" rel="noreferrer noopener nofollow">pleaded</a> on Thursday to travel document forgery charges issued by Montenegrin authorities after his arrest. </p><p>Kwon was arrested in the country&#8217;s capital city Podgorica while trying to board a private plane bound for Dubai. The Interpol-wanted crypto founder was detained along with Han Chang-joon, another former Terra executive. </p><p>Not only did Do Kwon deny <a href="https://en.ethereumworldnews.com/do-kwon-indicted-montenegro-for-forgery/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwon-indicted-montenegro-for-forgery/" rel="noreferrer noopener">charges</a> accusing him of traveling with a fake passport, his lawyers also asked for supervised bail and his release. Branko Andjelic, the defense lawyer, suggested releasing the Terra duo on a bail amount of 400,000 euros which is about $437,240 each.</p><p>However, the prosecutor Haris Sabotic, dismissed this proposal, stating that they have sufficient financial resources but no intention of staying in Montenegro.</p><p>If denied bail and convicted on forgery charges in a subsequent trial, the pair could face up to five years in prison.</p><p>Still, possible Montenegro prison time pales in comparison to the sentence Kwon could serve if tried and convicted in South Korea.</p><h2>Korean Prosecutors Argue Jurisdiction For Do Kwon&#8217;s Trial</h2><p>Governments from South Korea and the U.S. want to extradite Do Kwon to prosecute him for financial crimes in Terra&#8217;s more than $40 billion collapse. While the U.S. and its Securities and Exchange Commission (SEC) already declared <a href="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" rel="noreferrer noopener">intent</a> to prosecute, South Korean lead investigators believe it&#8217;s better to try Do Kwon in his home country. </p><p>A South Korean court could sentence Do Kwon to <a href="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/prosecutors-do-kwon-extradition/" rel="noreferrer noopener">40 years behind bars if found guilty of violating the country&#8217;s Capital Markets Acts</a>. </p><p>In other news, Kwon might be moving funds around for a lengthy legal showdown with prosecutors from at least three jurisdictions &#8211; Montenegro, South Korea, and the U.S.</p><p>Seoul-based Professor Jaewoo Cho who has monitored Kwon&#8217;s wallet activity for over a year noted that one of his <a href="https://etherscan.io/address/0xda44200196cfb3416bf011eed608f354804337ba" target="_blank" data-type="URL" data-id="https://etherscan.io/address/0xda44200196cfb3416bf011eed608f354804337ba" rel="noreferrer noopener nofollow">addresses</a> recently moved $7 million in stablecoins. </p>]]></description><link>https://m.coinsnews.com/do-kwon-denies-using-fake-travel-papers-at-montenegro-airport-requests-437k-bail</link><guid>580524</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Do-Kwon-Denies-Using-Fake-Travel-Papers-At-Montenegro-Airport-Requests-437K-Bail-1-770x513.jpeg</dc:content ><dc:text>Do Kwon Denies Using Fake Travel Papers At Montenegro Airport, Requests $437K Bail</dc:text></item><item><title>Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity</title><description><![CDATA[<img width="770" height="512" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-770x512.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Memecoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-770x512.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-1024x681.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-746x496.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity 19"><p>Summary: </p><ul><li>Tron founder Justin Sun said he will &#8220;begin actively trading meme coins&#8221; as tokens like PEPE are all the rage at the moment.</li><li>The crypto billionaire will trade with his public address and d to donate all his memecoin trading profits to charity.</li><li>Sun reminded users that his personal decision is not an indicator that Huobi Global and Poloniex &#8211; two exchanges affiliated with Sun &#8211; will list these meme tokens.</li></ul><p>The memecoin hysteria flooding crypto markets gained another catalyst as a crypto mogul and blockchain founder declared trading plans.</p><p>Tron&#8217;s Justin Sun <a href="https://twitter.com/justinsuntron/status/1656598894158159872?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/justinsuntron/status/1656598894158159872?s=20" rel="noreferrer noopener nofollow">tweeted</a> Thursday plans to &#8220;begin actively trading meme coins&#8221; as tokens like the Pepe The Frog-theme PEPE lit up crypto trading volumes and on-chain activity across the biggest blockchains on the market. </p><p>&#8220;Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity&#8221;, said Sun who commands billions in crypto and is a popular blockchain figure. He also serves as an advisor for a major Asian-based crypto exchange. </p><p>Sun reminded users that his personal decision is not an indicator that Huobi Global and Poloniex &#8211; two exchanges affiliated with Sun &#8211; will list these meme tokens.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">However, it&#39;s crucial to remember that my investments do not constitute financial advice, and there is no guarantee of listing these projects on any exchange, including <a href="https://twitter.com/HuobiGlobal?ref_src=twsrc%5Etfw" rel="nofollow noopener">@HuobiGlobal</a> and <a href="https://twitter.com/Poloniex?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Poloniex</a>. I am simply trading coins for fun. Always do your own research before investing!</p>&mdash; H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1656599225239760896?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 11, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Already, scammers are moving to leverage Sun&#8217;s public announcement by sending &#8220;shitcoins&#8221; and scam tokens to his wallet, Peckshield alerted users. This creates the false notion that Sun himself is buying these tokens. Scammers often try to ride these situations to deceive users and make off with their tokens or &#8220;rug&#8221; unsuspecting victims by pulling liquidity from these speculative coins. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/JustinSun?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#JustinSun</a> continues to receive multiple Shitcoins following his tweets. <br>We have noticed that a scammer gang created a counterfeit <a href="https://twitter.com/search?q=%24FOUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$FOUR</a> 4 days ago &amp; used 0xac82&#8230;2a9 to pretend to be <a href="https://twitter.com/hashtag/JustinSun?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#JustinSun</a>. <br>The scammers pretend to be <a href="https://twitter.com/hashtag/JustinSun?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#JustinSun</a>, buying tons of fake <a href="https://twitter.com/search?q=%24FOUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$FOUR</a>… <a href="https://t.co/L4axTLR6as" rel="nofollow">pic.twitter.com/L4axTLR6as</a></p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1656618017319686144?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 11, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Memecoin Frenzy Continues</h2><p>Memecoin season is not an uber-rare period for crypto participants and observers. Over the years, tokens like Dogecoin and Shiba Inu have taken markets by storm, building billions in market cap and tempting &#8220;degenerate&#8221; traders or degens to chase the next 100x coin. </p><p>While trading these tokens is obviously risky and heavy losses can happen, the allure of making substantial profits seems a motivating factor for some traders. PEPE coin on Ethereum for instance which trades for a fraction of a dollar peaked at a $1.5 billion market cap before dipping to around $600 million. </p><p>Crypto&#8217;s two largest blockchains &#8211; <a href="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" rel="noreferrer noopener">Bitcoin</a> and Ethereum &#8211; recorded increased on-chain activity in recent weeks amid this year&#8217;s memecoin mania. For both blockchains, <a href="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" rel="noreferrer noopener">transaction fees</a> hit two-year highs. </p><figure class="wp-block-image size-full"><img width="619" height="264" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/PEPE_1D_graph_coinmarketcap.png" alt="Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity 11" class="wp-image-582208" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/PEPE_1D_graph_coinmarketcap.png 619w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/PEPE_1D_graph_coinmarketcap-300x128.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/PEPE_1D_graph_coinmarketcap-269x115.png 269w" sizes="(max-width: 619px) 100vw, 619px" title="Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity 18"><figcaption><strong>PEPE/USD by CoinMarketCap</strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/memecoin-frenzy-justin-sun-joins-speculative-trading-promises-to-donate-profits-to-charity</link><guid>580465</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Memecoin-Frenzy-Justin-Sun-Joins-Speculative-Trading-Promises-To-Donate-Profits-770x512.jpg</dc:content ><dc:text>Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity</dc:text></item><item><title>Marathon Digital Subpoenaed By SEC Over Potential Securities Laws Violation</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-770x385.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Marathon Digital Subpoenaed By SEC Over Potential Securities Laws Violation 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-770x385.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-500x250.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-561x280.jpg 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-269x135.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-746x373.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Marathon Digital Subpoenaed By SEC Over Potential Securities Laws Violation 21"><ul><li>The Securities and Exchange Commission has subpoenaed Bitcoin mining firm Marathon Digital.&amp; </li><li>The subpoena is in relation to an investigation into Marathon’s data center in Montana, U.S.</li><li>The SEC previously subpoenaed the Montana-based facility to get access to its documents and communications.&amp; </li></ul><p>The U.S. Securities and Exchange Commission (<a href="https://en.ethereumworldnews.com/sec-cease-desist-coinme-4-million-fine/">SEC</a>) reportedly subpoenaed Nevada-based Bitcoin mining firm Marathon Digital Holdings last month. The securities regulator issued the subpoena to the second-largest publicly traded Bitcoin miner in the United States in relation to several matters including transactions between Marathon and its affiliated entities. </p><h2><strong>Marathon Digital’s Montana Data Center Under Scrutiny</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-10/bitcoin-miner-marathon-receives-another-subpoena-from-sec" rel="nofollow noopener">Bloomberg</a>, Marathon Digital received the subpoena from the SEC on April 10, 2023. The subpoena was in relation to the Bitcoin mining giant’s data center facility based in Hardin, Montana. Marathon said in a statement that the federal regulator’s investigation may be to determine if the Bitcoin miner may have violated federal securities law.  The company is reportedly cooperating with the SEC in this matter. </p><p>The latest move from the Securities and Exchange comes more than two years after Marathon Digital received a similar subpoena on September 30, 2021, by way of which the SEC sought to gain access to the bitcoin miner’s internal documents and communications concerning the Hardin, Montana-based data center facility.&amp; </p><p>Earlier today, Marathon Digital released the company’s <a href="https://ir.marathondh.com/news-events/press-releases/detail/1313/marathon-digital-holdings-reports-first-quarter-2023-results" rel="nofollow noopener">financial reports</a> for the quarter ending March 31, 2023. The first quarter of the year saw the Bitcoin miner shrink its net loss to $7.2 million as compared to a net loss of $23 in Q1, 2022. The company’s latest loss per share came in at $0.05, a massive reduction from the $0.12 in the first quarter of last year. </p><p>As for BTC revenues, Marathon recorded gains on the sale of bitcoin of $17.6 million in the quarter in line with the previously reported plan of selling bitcoin to fund operating costs. At the time of writing, Marathon Digital’s share price was changing hands at $10.22, up nearly 9% over the past 24 hours.&amp; </p>]]></description><link>https://m.coinsnews.com/marathon-digital-subpoenaed-by-sec-over-potential-securities-laws-violation</link><guid>580318</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fs0MhYvacAAZoBk-770x385.jpg</dc:content ><dc:text>Marathon Digital Subpoenaed By SEC Over Potential Securities Laws Violation</dc:text></item><item><title>Top Abu Dhabi Firm Bullish On Crypto And Commodities, Shorts US Equities</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="crypto" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities.png 800w" sizes="(max-width: 770px) 100vw, 770px" title="Top Abu Dhabi Firm Bullish On Crypto And Commodities, Shorts US Equities 21"><p>Summary: </p><ul><li>Abu Dhabi&#8217;s Royal Group plans to deploy more capital into the crypto industry and commodities, Bloomberg reported citing people familiar with the matter.</li><li>The investment firm led by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan has poured billions into a short position on US stock on the back of recession concerns.</li><li>Royal Group&#8217;s portfolio shift follows the UAE&#8217;s crypto hub plans and regulatory discussions with entities like Coinbase.</li></ul><p>Royal Group, an investment firm led by top a UAE royal, shifted its billion-dollar portfolio toward cryptocurrencies and commodities after accumulating a massive short position in U.S. stocks. </p><p>The change in investment strategy comes as Royal Group harbors concerns over a possible recession in America&#8217;s economy, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears?leadSource=uverify%20wall" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears?leadSource=uverify%20wall" rel="noreferrer noopener nofollow">reported</a> citing individuals familiar with the matter. </p><p>America&#8217;s looming recession seems to have dampened the group&#8217;s faith in equities, leading to a big bet against the U.S. economy. This has in turn strengthened the prospect of digital assets and commodities as Abu Dhabi&#8217;s top investment firm plans to deploy more cash in the nascent industry. </p><h2>The UAE&#8217;s Crypto Hub Plans </h2><p>Digital asset investment plans from Abu Dhabi&#8217;s richest investment venture align with the UAE&#8217;s plans for a global digital asset hub. The United Arab Emirates Prime Minister announced strategic moves towards encouraging crypto businesses and standardizing the industry. </p><p>Emirates like Abu Dhabi and Dubai are arguably at the forefront of this campaign. Dubai was one of the first jurisdictions in the world to open a regulatory agency dedicated to crypto rule-making and oversight. </p><p>Dubai&#8217;s Virtual Assets Regulatory Authority (VARA) also published a rule book introducing a licensing regime and framework for digital asset service providers, one of the first of its kind. </p><p>Entities like Binance and Crypto Dot Com have received provisional permission to set up shop in one of the Emirates. Recently, <a href="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-engage-uae-lawmakers/" target="_blank" rel="noreferrer noopener">Coinbase and its CEO Brian Armstrong</a> flew to meet with policymakers amid an exodus in the U.S. thanks to stiffling enforcement action and unclear crypto rules. </p>]]></description><link>https://m.coinsnews.com/top-abu-dhabi-firm-bullish-on-crypto-and-commodities-shorts-us-equities</link><guid>580213</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Top-Abu-Dhabi-Firm-Bullish-On-Crypto-And-Commodities-Shorts-US-Equities-770x433.png</dc:content ><dc:text>Top Abu Dhabi Firm Bullish On Crypto And Commodities, Shorts US Equities</dc:text></item><item><title>3AC’s Su Zhu Answers Arthur Hayes’ Twitter Jabs With Restraining Order</title><description><![CDATA[<img width="770" height="394" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-770x394.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="3AC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-770x394.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-300x154.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-500x256.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-269x138.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-746x382.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order.jpg 879w" sizes="(max-width: 770px) 100vw, 770px" title="3AC&#039;s Su Zhu Answers Arthur Hayes&#039; Twitter Jabs With Restraining Order 21"><p>Summary: </p><ul><li>Three Arrows Capital (3AC) co-founder Su Zhu was granted a restraining order from a Singapore court against BitMEX founder Arthur Hayes.</li><li>Hayes claimed that Zhu and his co-founder Kyle Davies owe $6 million after their crypto hedge fund 3AC crashed in the summer of last year.</li><li>Zhu, Davies, and Hayes have been wrapped up in controversy after marquee business collapses and a guilty plea to federal charges.</li></ul><p>Three crypto juggernauts spar in a 2 v 1 social media debt match after a massive hedge fund crashed last summer and a plea deal following loose AML checks at a major exchange. </p><p>Co-founder of the BitMEX trading Arthur Hayes has been <a href="https://tokeninsight.com/en/news/3ac-co-founder-zhu-su-obtains-restraining-order-against-arthur-hayes-in-singapore" target="_blank" data-type="URL" data-id="https://tokeninsight.com/en/news/3ac-co-founder-zhu-su-obtains-restraining-order-against-arthur-hayes-in-singapore" rel="noreferrer noopener nofollow">served</a> by a Singapore court following a public spat with Su Zhu and Kyle Davies, co-founders of bankrupt crypto hedge fund Three Arrows Capital otherwise known as 3AC. </p><p>Hayes has poked at the pair on Twitter since 3AC crashed last year. After Zhu and Davies resurfaced for a Bloomberg interview months after their company collapsed, Hayes laid into them for their rhetoric regarding fraud allegations and corporate malpractice. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Common y&#39;all. Su ain&#39;t flashy, he rides his bike to work and to the marina where his superyacht is moored.<br><br>ONLY 2 homes, brah you straight slumming it in the Kampong aka Tanglin. <a href="https://t.co/hFhEs8jyBV" rel="nofollow">pic.twitter.com/hFhEs8jyBV</a></p>&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1550451611029438465?ref_src=twsrc%5Etfw" rel="nofollow noopener">July 22, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The court order issued on behalf of Zhu bars Hayes from communicating with him or his co-founder Davies &#8220;by any means&#8221;. Hayes cannot publish any messages that threaten, abuse, or insult 3AC&#8217;s former executives, per Harassment Court Judge Sandra Looi Ai Lin&#8217;s restraining order. </p><p>In April, Hayes demanded his &#8220;f****** money&#8221; after pointing to &#8220;big money&#8221; raised by Zhu and Davies from the Bahrain Sovereign Wealth Fund. The money mentioned is $6 million that Hayes says the Three Arrows founders owe him. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A little birdie told me <a href="https://twitter.com/zhusu?ref_src=twsrc%5Etfw" rel="nofollow noopener">@zhusu</a> &amp; <a href="https://twitter.com/KyleLDavies?ref_src=twsrc%5Etfw" rel="nofollow noopener">@KyleLDavies</a> raised big money from Bahrain SWF. They are trading via Tai Ping Shan. Be Warned. I want my fucking money.</p>&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1643943518073937920?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Hayes Trolls 3AC Execs From Home Detention, OPNX Launches</h2><p>Hayes&#8217; 2022 was not absent of controversy on the back of federal prosecution for loose anti-money laundering (AML) checks at BitMEX. In February 2022, Hayes pleaded guilty to the charges and was served six months of home arrest instead of a prison sentence. </p><p>It was during this home detention that 3AC collapsed and Hayes began a barrage of social media posts trolling Zhu, Davies, and their hedge fund. </p><p>Zhu and Davies also started a new crypto venture in <a href="https://en.ethereumworldnews.com/dubai-vara-blasts-3ac-opnx/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/dubai-vara-blasts-3ac-opnx/" rel="noreferrer noopener">OPNX</a> despite leading 3AC into a hole $1 billion deep at least. </p>]]></description><link>https://m.coinsnews.com/3acs-su-zhu-answers-arthur-hayes-twitter-jabs-with-restraining-order</link><guid>580162</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/3ACs-Su-Zhu-Answers-Arthur-Hayes-Twitter-Jabs-With-Restraining-Order-770x394.jpg</dc:content ><dc:text>3AC’s Su Zhu Answers Arthur Hayes’ Twitter Jabs With Restraining Order</dc:text></item><item><title>Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million</title><description><![CDATA[<img width="768" height="432" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million.png" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin Inscriptions" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million.png 768w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million-746x420.png 746w" sizes="(max-width: 768px) 100vw, 768px" title="Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million 22"><p>Summary: </p><ul><li>A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network.</li><li>This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor.</li><li>ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed a protocol for embedding digital data like art on every satoshi and pseudonymous builder Domo unveiled a token format akin to ERC-20 on Ethereum.</li></ul><p>A trader spent 35 BTC buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network due to BRC-20 memecoins and a surge in text-based NFTs issued on crypto&#8217;s largest blockchain.</p><p>This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor.</p><p>The scoop <a href="https://twitter.com/DegenerateNews/status/1656212409835716608?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/DegenerateNews/status/1656212409835716608?s=20" rel="noreferrer noopener nofollow">cost</a> over $960,000 in Bitcoin at current market prices, possibly the highest sale for an Inscription since the asset debuted earlier in January 2023. Since then over 5 million inscriptions have been minted on Bitcoin&#8217;s blockchain, a surge that BTC purists claim has drastically congested the network. </p><p>Dune Analytics data showed that over 4 million of these Bitcoin Inscriptions are text-based. Less than half a million contain visual digital data in png format or what some might consider NFT art. These Inscriptions are made possible by using the Ordinals ProtocoL developed and launched by Casey Rodarmor. </p><p>Ordinals as they are commonly called by crypto participants have also racked up a fortune in fees. Users have spent over $29 million in fees experimenting with ordinals and attaching data to satoshi, the smallest unit of Bitcoin. </p><figure class="wp-block-image size-large"><img width="1024" height="300" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-1024x300.png" alt="Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million 10" class="wp-image-582179" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-1024x300.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-300x88.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-770x225.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-269x79.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2-746x218.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-130-2.png 1305w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million 21"><figcaption><strong><a href="https://dune.com/dgtl_assets/bitcoin-ordinals-analysis" target="_blank" data-type="URL" data-id="https://dune.com/dgtl_assets/bitcoin-ordinals-analysis" rel="noreferrer noopener nofollow">Bitcoin Ordinals Data by Dune Analytics</a></strong></figcaption></figure><h2>Average Fees Skyrocket On Bitcoin Inscription Activity </h2><p>The rise of Ordinals and a token standard akin to ERC-20 on Ethereum seems to have sparked a <a href="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/bitcoin-fees-2-year-high-as-brc-20/" rel="noreferrer noopener">tussle</a> over block space on Bitcoin&#8217;s network. Indeed, the increased demand on BTC&#8217;s blockchain led to an uptick in transaction fees. Fees on BTC hit over $20 on average, a two-year high per on-chain data. </p><p>Rising average fees and a flood of BRC-20 tokens have formed a crescendo around arguments for and against ordinals. On one side, BTC bulls like Michael Saylor &#8211; whose company holds billions in Bitcoin &#8211; insist that Ordinals could serve as a &#8220;<a href="https://www.youtube.com/live/w1PRsS4SyUc?feature=share" data-type="URL" data-id="https://www.youtube.com/live/w1PRsS4SyUc?feature=share" target="_blank" rel="noreferrer noopener nofollow">catalyst</a>&#8221; for adoption. </p><p>BTC purists and some developers oppose the view, moving to sink NFTs and altcoins on BTC&#8217;s network. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Bitcoin devs are trying to cancel ordinals <a href="https://t.co/FOYCIKTcIS" rel="nofollow">pic.twitter.com/FOYCIKTcIS</a></p>&mdash; Frank (@frankdegods) <a href="https://twitter.com/frankdegods/status/1655863756151472128?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 9, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/bitcoin-inscription-with-ordinals-token-cache-scooped-for-nearly-1-million</link><guid>580105</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Inscription-With-Ordinals-Token-Cache-Scooped-For-Nearly-1-Million.png</dc:content ><dc:text>Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million</dc:text></item><item><title>Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market</title><description><![CDATA[<img width="700" height="417" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46.webp 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46-300x179.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46-500x298.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46-269x160.webp 269w" sizes="(max-width: 700px) 100vw, 700px" title="Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market 22"><ul><li>Jane Street Group and Jump Trading are reportedly retreating from crypto trading in the United States.&amp; </li><li>The top market makers decided to retreat in light of the crackdown on crypto by U.S. regulators.&amp; </li><li>Jane Street will also scale down its crypto operations globally, while Jump Crypto is seeking to expand international crypto operations.</li></ul><p>Popular market-making firms Jane Street Group and Jump Trading are significantly scaling down their crypto trading activities in the United States. The top market makers are reportedly retreating from the American crypto market in light of the crackdown on the crypto industry by regulators in the country.</p><h2><strong>Jane Street Plans To Scale Back Crypto Operations Globally</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-09/jane-street-jump-pull-back-crypto-trading-amid-us-crackdown?leadSource=uverify%20wall" rel="nofollow noopener">Bloomberg</a>, the hostile stance of regulators against crypto firms in the United States has prompted Jane Street and Jump Crypto to pull back from the country. A person familiar with the matter revealed that Jane Street is planning to go one step further and scale back its crypto operations around the world. The regulatory uncertainty around crypto has reportedly made it difficult for the company to comply with internal standards. </p><p>As for Jump Trading’s digital asset-facing unit Jump Crypto, the retreat from crypto will be limited to the United States. Two people familiar with the matter told Bloomberg that the market-making firm is planning to expand its international crypto trading operations. Both firms are reportedly still involved in market-making for crypto but on a smaller scale. The market makers have declined to comment on the report.&amp; </p><p>The crackdown campaign on crypto renewed at the beginning of 2023 with multiple federal agencies, including the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC), initiating enforcement actions against crypto firms. Both market makers were named in a probe launched by the U.S. Department of Justice in March 2023 to investigate the collapse of Terra last year. Jane Street also made an appearance in a civil enforcement action brought by the CFTC against <a href="https://en.ethereumworldnews.com/jane-street-binance-vip-in-cftc-lawsuit/">Binance</a> last month. </p>]]></description><link>https://m.coinsnews.com/jane-street-and-jump-crypto-are-retreating-from-us-crypto-market</link><guid>579975</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/5670565b2340f87d008b5c46.webp</dc:content ><dc:text>Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market</dc:text></item><item><title>Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis</title><description><![CDATA[<img width="770" height="402" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-770x402.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-770x402.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-300x157.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-1024x535.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-500x261.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-746x390.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis 22"><ul><li>The Digital Currency Group is looking to refinance the $1.7 billion debt it owes to its bankrupt subsidiary Genesis.&amp; </li><li>Barry Silbert’s crypto behemoth is in talks with investors to raise capital to facilitate further growth.&amp; </li><li>DCG has indicated that it won’t be able to repay a $630 million loan from Genesis that will mature this week.&amp; </li></ul><p>Digital Currency Group, the digital conglomerate behind crypto heavyweights like GBTC issuer Grayscale Investments, appears to be on the path to default on a half-a-billion-dollar loan owed to its bankrupt subsidiary Genesis. The loan is part of an approximately $1.7 billion exposure that Genesis has to DCG, which consists of a loan and a promissory note.&amp; </p><h2><strong>Digital Currency Group Is Looking To Raise Capital</strong></h2><p>According to a report by <a href="https://news.bloomberglaw.com/bankruptcy-law/barry-silberts-digital-currency-group-seeks-to-refinance-debt" rel="nofollow noopener">Bloomberg</a>, the Digital Currency Group, led by crypto entrepreneur Barry Silbert, is seeking to refinance the debt owed to Genesis, which is made up of a $630 million loan and a $1.1 billion promissory note. While the promissory note is due in June 2023, the $630 million loan is set to mature this week, between May 9 and 11 to be precise. </p><p>Genesis is currently undergoing a restructuring process as part of its Chapter 11 proceedings. Last week Genesis agreed to enter a 30-day <a href="https://en.ethereumworldnews.com/gemini-genesis-agree-on-mediation-process/">mediation period</a> with DCG, Gemini, and its Unsecured Creditors Committee, in order to fast-track the resolution and work out repayment. Gemini and its UCC have a vested interest in DCG’s repayment to Genesis since it will pave the way for allowing its creditors to be made whole. </p><blockquote class="wp-block-quote"><p>We are committed to reaching a fair outcome for all and look forward to a productive resolution during this mediation period.”</p><cite>Digital Currency Group</cite></blockquote><p>The Digital Currency Group has stated that it is in talks with investors to raise additional capital to further its growth. The extra capital will also provide financial flexibility with regard to the outstanding obligation to Genesis. However, in the meantime, the crypto conglomerate seeks to refinance the loans owed to its subsidiary. As for the $630 million loan that matures this week, it is safe to assume that it will not be paid back to Genesis.&amp; </p>]]></description><link>https://m.coinsnews.com/digital-currency-group-wants-to-refinance-17-billion-debt-owed-to-genesis</link><guid>579976</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/DCG.LOGO_FINAL-770x402.jpg</dc:content ><dc:text>Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis</dc:text></item><item><title>Former Coinbase Manager Sentenced To 2 Years For Insider Trading</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Former Coinbase Manager Sentenced To 2 Years For Insider Trading 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-1536x864.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-1376x774.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089.jpeg 1920w" sizes="(max-width: 770px) 100vw, 770px" title="Former Coinbase Manager Sentenced To 2 Years For Insider Trading 20"><ul><li>Ishan Wahi, a former product manager at Coinbase, has been sentenced to two years in prison.&amp; </li><li>A federal judge handed Wahi the sentence for his role in an insider trading scheme involving crypto tokens.&amp; </li><li>Wahi’s brother was sentenced to ten months last year on wire fraud conspiracy charges in the same matter.</li></ul><p>Ishan Wahi, the former product manager at Coinbase, has been handed a 24-month prison sentence by a federal court in New York for his role in one of the first insider trading cases in the crypto industry. Wahi’s sentencing comes almost ten months after he was arrested and charged by the U.S. Department of Justice, as well as the Securities and Exchange Commission (SEC).&amp; </p><h2><strong>The Ex-Coinbase Employee Will Likely Be Deported</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-09/ex-coinbase-manager-ishan-wahi-gets-2-years-for-insider-trading?in_source=embedded-checkout-banner&amp;leadSource=uverify%20wall" rel="nofollow noopener">Bloomberg</a>, Judge Loretta Preska of the Manhattan Federal Court handed Ishan Wahi a two-year sentence in federal prison for perpetrating an insider trading scheme with crypto tokens. The Judge highlighted a “massive abuse” of Coinbase’s trust on Wahi’s part during the 10-month period where he used confidential information to purchase tokens that were scheduled to be listed on the crypto exchange, making $1.5 million in the process. The judge noted that it was not a one-time event. </p><blockquote class="wp-block-quote"><p>I’m very sorry for my actions. My position in the company gave me access to confidential information. I knew it was wrong.”</p><cite>Ishan Wahi in court today</cite></blockquote><p>Wahi’s sentencing comes nearly three months after he pled guilty earlier this year to two counts of conspiracy to commit wire fraud. He initially entered a non-guilty plea to the charges brought by the Justice Department in July last year. In parallel action, the SEC charged Wahi and his associates including his brother Nikhil Wahi, with violating the antifraud provisions of the securities laws at the time. Nikhil Wahi pled guilty to conspiracy to commit wire fraud in September 2022. He was sentenced to 10 months in prison in January this year.&amp; </p><p>Ishan Wahi has been ordered to surrender by June 21, 2023, to begin serving his sentence at the Fort Dix Federal Correctional Institution in New Jersey. His sentence will be followed by two years of supervised release. As per Bloomberg, the former Coinbase product manager will likely be deported to India. Wahi’s sentencing comes less than a week after an <a href="https://en.ethereumworldnews.com/ex-opensea-exec-guilty-insider-trading/">OpenSea</a> executive was convicted by a federal grand jury in New York in what was described as the first case of insider trading in the crypto industry.</p>]]></description><link>https://m.coinsnews.com/former-coinbase-manager-sentenced-to-2-years-for-insider-trading</link><guid>579936</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/106868521-1618440974351-gettyimages-1312540547-_dsc9089-770x433.jpeg</dc:content ><dc:text>Former Coinbase Manager Sentenced To 2 Years For Insider Trading</dc:text></item><item><title>OKX Sends $57 Million In Digital Assets To Alameda Bankruptcy Wallets</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Alameda" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-1024x683.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets.png 1098w" sizes="(max-width: 770px) 100vw, 770px" title="OKX Sends $57 Million In Digital Assets To Alameda Bankruptcy Wallets 22"><p>Summary: </p><ul><li>Wallets controlled by Alameda Research received millions of Tether&#8217;s stablecoin USDT and MASK tokens from OKX on Tuesday.</li><li>The wallets in question are in full control of the FTX Bankruptcy Estate that took over November&#8217;s crash.</li><li>FTX&#8217;s meteoritic crash grew into a legal saga with criminal charges and multi-million bail bonds as federal prosecutors argue one of America&#8217;s biggest fraud cases.</li></ul><p>Wallets controlled by Alameda Research received millions of Tether&#8217;s stablecoin USDT and MASK tokens from OKX on Tuesday. Alameda wallets saw $57 million in USDT inflows coupled with $300,000 worth of Mask tokens, per on-chain data cited by <a href="https://twitter.com/PeckShieldAlert/status/1655885122946867200?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/PeckShieldAlert/status/1655885122946867200?s=20" rel="noreferrer noopener nofollow">Peckshield</a>. </p><p>The wallets in question are completely controlled by the FTX Bankruptcy Estate, led by bankruptcy CEO John Ray III who took over after November&#8217;s crash, and holds over $240 million in cryptocurrencies. </p><h2>Missing Funds From FTX/Alameda&#8217;s Empire</h2><p>Shortly after the collapse of FTX, a hacker <a href="https://en.ethereumworldnews.com/ftx-hacker-tips-launder-400-million-loot/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ftx-hacker-tips-launder-400-million-loot/" rel="noreferrer noopener">looted</a> nearly $600 million from its wallets fueling fears that FTX accounts on other exchanges were compromised. This led to the investigations carried out by crypto exchanges and trading venues to protect users and restore trust. </p><p>OKX, one of the biggest centralized crypto exchanges by trading volume, and a leading Web3 technology company, recently announced that it conducted investigations to identify any FTX-related transactions on its exchange. The platform froze $157 million in digital assets belonging to FTX and its sister company Alameda Research before turning over the assets to the Bankruptcy Estate.</p><p>OKX has now returned over $210 million to the failed crypto exchange and its affiliates. </p><p>The FTX Bankruptcy Estate continues to hunt down missing funds and consolidate accounts managed by Sam Bankman-Fried and his associates. </p><h2>Criminal Charges</h2><p>Sam Bankman-Fried, founder of FTX and Alameda Research, stares down the barrel of America&#8217;s biggest fraud case. &#8220;Not guilty&#8221; SBF pleaded to all 13 criminal charges even as his colleagues like former Alameda CEO Caroline Elisson and former FTX Engineering Chief Nishad Singh <a href="https://en.ethereumworldnews.com/former-ftx-nishad-singh-pleads-guilty/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/former-ftx-nishad-singh-pleads-guilty/" rel="noreferrer noopener">negotiate</a> plea deals with prosecutors. </p><p>Bankman-Fried&#8217;s lawyers moved to throw out the case, <a href="https://www.cnbc.com/2023/05/09/indicted-ftx-founder-sam-bankman-fried-urges-court-to-toss-charges.html" target="_blank" data-type="URL" data-id="https://www.cnbc.com/2023/05/09/indicted-ftx-founder-sam-bankman-fried-urges-court-to-toss-charges.html" rel="noreferrer noopener">arguing</a> to the court that charges should be civil and not criminal. </p><blockquote class="wp-block-quote"><p>Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the Government jumped in with both feet, improperly seeking to turn these civil and regulatory issues into federal crimes.</p></blockquote>]]></description><link>https://m.coinsnews.com/okx-sends-57-million-in-digital-assets-to-alameda-bankruptcy-wallets</link><guid>579882</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/OKX-Sends-57-Million-In-Digital-Assets-To-Alameda-Bankruptcy-Wallets-770x513.png</dc:content ><dc:text>OKX Sends $57 Million In Digital Assets To Alameda Bankruptcy Wallets</dc:text></item><item><title>BREAKING: Bittrex Inc Files For Chapter 11 Bankruptcy</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="BREAKING: Bittrex Inc Files For Chapter 11 Bankruptcy 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="BREAKING: Bittrex Inc Files For Chapter 11 Bankruptcy 22"><ul><li>Crypto exchange Bittrex has filed for Chapter 11 bankruptcy in the state of Delaware.&amp; </li><li>The U.S. Treasury Department’s OFAC is listed as the bankrupt exchange’s largest creditor.&amp; </li><li>The bankruptcy filing comes less than a month after the crypto exchange was sued by the U.S. SEC.&amp; </li></ul><p>Bittrex Inc. has filed for Chapter 11 bankruptcy in the state of Delaware. The Seattle-based crypto exchange’s bankruptcy filing comes less than a month after it was sued by the U.S. Securities and Exchange Commission (SEC). The exchange announced last month that it was winding down operations in the United States in light of the deteriorating regulatory landscape.&amp; </p><h2><strong>Bittrex Owes $25 Million To Treasury Department’s OFAC</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-08/crypto-platform-bittrex-files-chapter-11-bankruptcy-in-delaware?leadSource=uverify%20wall" rel="nofollow noopener">Bloomberg</a>, Bittrex’s Chapter 11 filing listed assets and liabilities reaching up to $1 billion each. Court papers viewed by Bloomberg revealed that the crypto exchange’s affiliated entities including Desolation Holdings LLC, Bittrex Malta Holdings Ltd., and Bittrex Malta Ltd also filed for bankruptcy.  The exchange has clarified that the operations of Bittrex Global will not be impacted by its American entity&#8217;s bankruptcy. As for customer assets, the exchange assured its users that their funds are safe and secure on the platform. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The #1 creditor in Bittrex&#39;s Chapter 11 is the OFAC department who they agreed to pay $25m as a settlement for violating Sanctions/AML???? <a href="https://t.co/UgukJUx5w0" rel="nofollow">https://t.co/UgukJUx5w0</a> <a href="https://t.co/GyMwOhdMiV" rel="nofollow">pic.twitter.com/GyMwOhdMiV</a></p>&mdash; Tree of Alpha (@Tree_of_Alpha) <a href="https://twitter.com/Tree_of_Alpha/status/1655684740811194371?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><blockquote class="wp-block-quote"><p>This announcement does not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.&#8221;</p></blockquote><p>Ironically, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) is listed as the bankrupt exchange’s largest non-insider creditor. Bittrex owed a whopping $25 million to OFAC as part of a settlement both parties reached in October last year. OFAC imposed the multi-million fine on the crypto exchange over alleged violations of multiple sanctions programs as well as the Bank Secrecy Act’s (BSA’s) anti-money laundering (AML) and suspicious activity report (SAR) reporting requirements. At the time, the enforcement action on the exchange was OFAC’s largest ever. </p><p>Bittrex’s bankruptcy filing comes less than a month after it was <a href="https://en.ethereumworldnews.com/sec-sues-bittrex-violation-federal-laws/">sued</a> by the U.S. Securities and Exchange Commission over alleged violations of federal laws. The securities regulator charged the exchange and its former CEO Bill Shihara, with operating an unregistered national securities exchange, broker, and clearing agency. The regulator also charges its foreign affiliate with failing to register as a national securities exchange in connection with its operation of a single shared order book along with the American entity.</p>]]></description><link>https://m.coinsnews.com/breaking-bittrex-inc-files-for-chapter-11-bankruptcy</link><guid>579713</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/1x-1-770x513.jpg</dc:content ><dc:text>BREAKING: Bittrex Inc Files For Chapter 11 Bankruptcy</dc:text></item><item><title>Paxful Resumes Operations After Being Offline For A Month</title><description><![CDATA[<img width="770" height="405" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-770x405.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Paxful Resumes Operations After Being Offline For A Month 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-770x405.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Paxful Resumes Operations After Being Offline For A Month 21"><ul><li>Paxful has announced the resumption of operations after being suspended for over a month.&amp; </li><li>The P2P crypto platform suspended operations last month following the departure of key staff members.&amp; </li><li>The Paxful wallet remained active throughout the platform’s suspension period.&amp; </li></ul><p>Paxful has announced that it is resuming operations after being offline for more than a month. The P2P bitcoin exchange shut down operations last month following the departure of key staff members and increasing scrutiny from regulators in the United States.&amp; </p><h2><strong>Conflict Among Paxful’s Top Management </strong>Continues</h2><p>According to a <a href="https://paxful.com/sign-up-transition" rel="nofollow noopener">blog post</a> from Paxful earlier today, the peer-to-peer Bitcoin marketplace is now back online. Over the next two days, the platform will gradually restore functionality to the marketplace. The platform took to Twitter earlier today to inform its community that it is back and is “better than ever”. Its staff has reportedly been working for the past month to bring the marketplace back online without compromising the safety and security of users. </p><blockquote class="wp-block-quote"><p>We know it has been a difficult time for many of our users, who were understandably surprised by the sudden suspension, however, we are delighted to be back so that we can continue to serve millions of people without financial access.”</p></blockquote><p>News of the resumption of services comes as a positive development for its users. The exchange <a href="https://en.ethereumworldnews.com/paxful-shutting-down-amid-regulatory-challanges/">suspended </a>operations on April 4, 2023, amid growing scrutiny by American regulators and the departure of the company’s key staff members including Paxful co-founder Artur Schabeck. Paxful Wallet remained fully operational throughout the suspension period. Its users were also offered multiple P2P crypto avenues to continue trading. </p><p>Schabeck told <a href="https://www.coindesk.com/business/2023/05/08/paxful-marketplace-back-online-following-temporary-suspension/" rel="nofollow noopener">CoinDesk </a>earlier today that he is actively looking for a settlement with Paxful in relation to the wrongful termination lawsuit he filed following his departure from the firm. The former executive further revealed that the P2P firm is owned by a custodian who serves as one of the company’s three directors. The third board member plays an instrumental role, given his power to act as a tiebreaker in a conflict involving the other founders.</p>]]></description><link>https://m.coinsnews.com/paxful-resumes-operations-after-being-offline-for-a-month</link><guid>579686</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Best-Crypto-Exchange-Platform_1200x630-optional-1024x538-1-770x405.jpg</dc:content ><dc:text>Paxful Resumes Operations After Being Offline For A Month</dc:text></item><item><title>Canada’s Central Bank Invites Public Feedback On CBDC Plans</title><description><![CDATA[<img width="770" height="505" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-770x505.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Canada’s Central Bank Invites Public Feedback On CBDC Plans 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-770x505.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-300x197.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-1024x672.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-500x328.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-269x177.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-746x490.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg.jpg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Canada’s Central Bank Invites Public Feedback On CBDC Plans 21"><ul><li>Canada’s central bank is launching an online public consultation to discuss the features of a potential CBDC</li><li>The Bank of Canada stated earlier today that it is exploring issuing a digital version of Canada’s national currency.&amp; </li><li>The central bank clarified that the issuance of CBDCs would not impact the printing of bank notes.&amp; </li></ul><p>The Banque du Canada (Bank of Canada) is considering issuing its own central bank digital currency (<a href="https://en.ethereumworldnews.com/swift-moves-to-second-phase-cbdc-testing/">CBDC</a>) to keep up with the growing adoption of crypto assets around the world. The central bank has invited public feedback to determine the features that could be integrated into a digital Canadian dollar. </p><h2><strong>CBDC Issuance Will Have No Impact On Bank Notes</strong></h2><p>In a <a href="https://www.bankofcanada.ca/2023/05/bank-canada-launches-public-consultations-digital-dollar/" rel="nofollow noopener">press release</a> earlier today, the Bank of Canada announced that it was launching public consultations on a digital Canadian dollar to explore the design and use cases of a potential CBDC. The consultation opened today and will remain open for public participation until June 19, 2023. The central bank revealed that it was exploring a digital version of the country’s national currency, citing the rapidly evolving payments space around the world. </p><blockquote class="wp-block-quote"><p>As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy. That means being ready for whatever the future holds.” </p><cite>Carolyn Rogers, Senior Deputy Governor, Banque du Canada</cite></blockquote><p>The Canadian central bank acknowledged the growing adoption of private cryptocurrencies and central bank digital currencies and the possibility that they may become a popular mode of payment in Canada soon. In order to maintain the status quo and avoid compromising the Canadian dollar’s role as the official and centrally issued currency, the Bank of Canada is considering offering a digital alternative to its citizens.&amp; </p><p>According to the central bank, a CBDC would ensure that every citizen takes part in the economy. That being said, the Bank of Canada noted the role of banknotes as a safe, accessible, and trusted method of payment. To that end, the bank stated that it would continue offering bank notes to those who prefer them over CBDCs in the future. “Cash isn’t going anywhere,” the central bank added.&amp; </p>]]></description><link>https://m.coinsnews.com/canadas-central-bank-invites-public-feedback-on-cbdc-plans</link><guid>579687</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/29723496_web1_20220630110648-62bdc608005d0ad3935f83a6jpeg-770x505.jpg</dc:content ><dc:text>Canada’s Central Bank Invites Public Feedback On CBDC Plans</dc:text></item><item><title>Coinbase Executives Engage UAE Lawmakers Amid US Regulatory Crackdown</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions.jpeg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Executives Engage UAE Lawmakers Amid US Regulatory Crackdown 21"><p>Summary: </p><ul><li>Coinbase CEO Brian Armstrong hailed legislators in the United Arab Emirates for developing reasonable guidelines for crypto businesses and policies to protect users.</li><li>Indeed the UAE was one of the first jurisdictions to establish a dedicated body for crypto oversight and publish a rulebook for the nascent industry.</li><li>Armstrong&#8217;s remarks come as his crypto company explores off-shore locations due to the souring regulatory landscape in America.</li></ul><p>A Coinbase executive team and its CEO Brian Armstrong are in the United Arab Emirates (UAE) to engage local regulators on crypto policies as the company expands to offshore jurisdictions. </p><p>The visit to the UAE, particularly to meet with policymakers in Dubai and Abu Dhabi, comes amid souring relations with regulators like the U.S. Securities and Exchange, and effort to establish operations outside America&#8217;s borders. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The UAE ???????? deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far.</p>&mdash; Brian Armstrong ????️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1655494936673017856?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Dubai&#8217;s Crypto Allure</h2><p>In March of 2022, the UAE Prime Minister declared his intention to establish the UAE as a key player in the future of crypto. The region&#8217;s crypto ecosystem has since gained significant growth, welcoming industry players like Binance and Kraken. </p><p>Last year, Dubai&#8217;s Virtual Assets Regulatory Authority was formed to issue a crypto regulatory framework, laying out a concrete licensing regime for crypto service providers. Last month, the registration authority of ADGM issued a consultation paper to explain the proposed Distributed Ledger Technology Foundations Regulations 2023.   </p><h2>Coinbase&#8217;s UAE Strategy</h2><p>Armstrong <a href="https://www.coinbase.com/blog/the-uae-recognising-the-transformative-potential-of-the-cryptoeconomy" target="_blank" data-type="URL" data-id="https://www.coinbase.com/blog/the-uae-recognising-the-transformative-potential-of-the-cryptoeconomy" rel="noreferrer noopener nofollow">admired</a> the UAE for its proactive and progressive regulatory approach to crypto in a tweet, saying the region &#8220;deserves a lot of credit for being forward thinking on crypto&#8221;. </p><blockquote class="wp-block-quote"><p>‘There is no doubt that UAE has the potential to be a strategic hub for Coinbase, amplifying our efforts across the world, and this week we are delighted to be on the ground in Dubai and Abu Dhabi meeting key local stakeholders and commending in person the role they have played in creating such a welcoming environment.</p></blockquote><p>CEO Armstrong will provide a keynote address at the inaugural Dubai Fintech Summit while Coinbase is also working with Abu Dhabi Global Market (ADGM) regulators to further expand the licensing and availability for Coinbase International Exchange.</p><p>Coinbase has also been engaging with Dubai’s Virtual Assets Regulatory Authority (VARA), a dedicated regulator for virtual assets, as they put forward a comprehensive retail framework built on the principles of economic sustainability and cross-border financial security.  &#8220;This expands our global footprint, helping get us closer to bringing 1 billion users to crypto,&#8221; Brain said.  </p><p>When asked to comment on the regulatory <a href="https://en.ethereumworldnews.com/sec-reply-coinbase-petition-in-10-days/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-reply-coinbase-petition-in-10-days/" target="_blank" rel="noreferrer noopener">clampdown</a> from the U.S., the exchange’s CEO said Coinbase is &#8220;100% committed to the U.S.&#8221; </p>]]></description><link>https://m.coinsnews.com/coinbase-executives-engage-uae-lawmakers-amid-us-regulatory-crackdown</link><guid>579627</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg</dc:content ><dc:text>Coinbase Executives Engage UAE Lawmakers Amid US Regulatory Crackdown</dc:text></item><item><title>Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-300x200.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-500x333.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-346x231.png 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-746x497.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-269x179.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam.png 968w" sizes="(max-width: 770px) 100vw, 770px" title="Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam 23"><p>Summary: </p><ul><li>The average cost of sending a single transaction on Bitcoin&#8217;s blockchain soared to almost $20, its highest point since April 2021.</li><li>It seems that increased demand for BTC blockchain space was triggered by heightened activity on the Ordinals protocol and tokens issued using the BRC-20 standard.</li><li>Binance was forced to halt BTC withdrawals twice on Sunday as network congestion peaked, although the crypto exchange later resumed operations after moving $4.4 billion in assets.</li></ul><p>Bitcoin (BTC) transaction fees <a href="https://ycharts.com/indicators/bitcoin_average_transaction_fee" target="_blank" data-type="URL" data-id="https://ycharts.com/indicators/bitcoin_average_transaction_fee" rel="noreferrer noopener nofollow">rose</a> to their highest point in two years amid growing interest in the Ordinals protocol and demand for BRC-2O tokens issued on BTC&#8217;s blockchain. </p><p>According to on-chain data, BTC transaction fees reached as high as $19.21, a two-year high. The cost of sending a transaction on BTC&#8217;s blockchain has not climbed so high since April 2021 when fees skyrocketed to $62. </p><p>A drastic increase in meme tokens issued on Bitcoin&#8217;s network along with a sharp climb in Ordinals activity seem to be the main reasons behind exorbitant transaction fees. Memecoin mania also <a href="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/ethereum-gas-fees-1-year-high-memecoin/" rel="noreferrer noopener">drove up gas fees on Ethereum&#8217;s blockchain</a>. </p><figure class="wp-block-image size-full"><img width="886" height="431" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128.png" alt="Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam 14" class="wp-image-582130" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128.png 886w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128-300x146.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128-770x375.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128-269x131.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-128-746x363.png 746w" sizes="(max-width: 886px) 100vw, 886px" title="Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam 21"><figcaption><strong>Average Bitcoin Transaction Fees by Ycharts</strong></figcaption></figure><h2>Ordinals Drive Bitcoin Network Congestion</h2><p>The Ordinals protocol introduced by developer Casey Rodarmor in January 2023 allows users to inscribe data on every satoshi, the smallest BTC unit. This incentivized users to experiment with fungible token standards and non-fungible tokens also known as NFTs.</p><p>Data from Dune Analytics indicated that over 3 million NFTs have been issued on BTC&#8217;s blockchain since Ordinals debuted. The majority of these NFTs are text-based and created through a process called &#8216;inscription&#8217;. </p><p>Shortly after Rodarmor unveiled the Ordinals protocol, a developer known by the pseudonym Domo leveraged the protocol to build the ‘Bitcoin Request for Comment’ (BRC-20) token standard. BRC-20 allows transferable assets on BTC&#8217;s blockchain allowing users to issue and trade tokens on crypto&#8217;s largest network by market cap.</p><p>Indeed, it seems the BRC-20 token standard has breathed new life into BTC&#8217;s blockchain as over 11,000 tokens have been issued using Domo&#8217;s standard. OrdSpace data showed tokens created under BRC-2O boast almost $1 billion in combined market cap. </p><figure class="wp-block-image size-large"><img width="1024" height="526" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-1024x526.png" alt="Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam 15" class="wp-image-582132" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-1024x526.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-300x154.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-770x396.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-269x138.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129-746x384.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-129.png 1204w" sizes="(max-width: 1024px) 100vw, 1024px" title="Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam 22"><figcaption><strong><a href="https://ordspace.org/brc20" target="_blank" data-type="URL" data-id="https://ordspace.org/brc20" rel="noreferrer noopener nofollow">BRC-20 Tokens by OrdSpace</a></strong></figcaption></figure><p>ORDI, believed to be the first BRC-20 token and native token of Ordinals marketplace, leads the pack with over $220 million in marketcap and more than 7,000 unique holders. BRC-20 also opened up BTC&#8217;s blockchain to memecoin hysteria as tokens like Pepe, VMPX, and Meme garnered hundreds of millions in daily trading volume. </p><p>Notably, the Pepe token on BTC&#8217;s network is not to be confused with the Pepe memecoin issued on Ethereum. </p><p>Crypto commentators and BTC Maxis suggested that Ordinals beckons a new era for BTC and its network, beefing up utility and propelling network activity. The extra network demand also affected a major crypto exchange. </p><p>Binance paused BTC withdrawals twice on Sunday before <a href="https://en.ethereumworldnews.com/binance-resumes-bitcoin-withdrawal-halt/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-resumes-bitcoin-withdrawal-halt/" rel="noreferrer noopener">resuming</a> normal operations and mulling plans of integrating the Lightning Network, a layer 2 scaling solution built atop the BTC mainnet. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">All pending <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$BTC</a> withdrawal transactions have now been processed.<br><br>Once again, thank you for your patience and our team is already implementing solutions to make sure this doesn&#39;t happen again. <a href="https://t.co/tY7S8R3U9d" rel="nofollow">https://t.co/tY7S8R3U9d</a></p>&mdash; Binance (@binance) <a href="https://twitter.com/binance/status/1655551836127105024?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/bitcoin-fees-hit-2-year-high-as-brc-20-tokens-gain-steam</link><guid>579568</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Bitcoin-Fees-Hit-2-Year-High-As-BRC-20-Tokens-Gain-Steam-770x513.png</dc:content ><dc:text>Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam</dc:text></item><item><title>Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote</title><description><![CDATA[<img width="770" height="385" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-770x385.png" class="webfeedsFeaturedVisual wp-post-image" alt="Aave" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-1536x768.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-2048x1024.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-500x250.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-1476x738.png 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-1376x688.png 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote 23"><p>Summary: </p><ul><li>The Aave DAO completely voted in support of a proposal to launch the third iteration of its lending service on Metis, an L2 scaling network built atop Ethereum&#8217;s blockchain.</li><li>Launching on Metis will allow users of the popular DeFi lender to access lower transaction fees and enjoy liquidity incentives offered by Metis.</li><li>The move could bootstrap activity on Metis and drive adoption on the L2 amid growing competition in Ethereum&#8217;s scaling protocol landscape.</li></ul><p>Ethereum L2 scaling network Metis will welcome DeFi lending protocol Aave to its ecosystem after a community voted in support of the move. Indeed, members of the Aave DAO community backed deploying the lenders&#8217; third iteration or version 3 service on Metis. </p><p>The proposal <a href="https://app.aave.com/governance/proposal/?proposalId=212" target="_blank" data-type="URL" data-id="https://app.aave.com/governance/proposal/?proposalId=212" rel="noreferrer noopener nofollow">opened</a> for voting on May 2 and concluded last Friday. Not a single voter or community member opposed the move, signaling total support for deploying V3 on Metis. </p><p>Aave&#8217;s launch on the Ethereum L2 network beckons fresh rewards for Metis users who borrow and lend digital assets via the decentralized finance service. The move could also galvanize activity on Metis as the protocol competes with other scaling networks like Arbitrum, Optimism, and Polygon. </p><p>While the last bull run propelled Metis to the limelight, the network&#8217;s adoption has suffered blows amid market downturns and increased market competition. Metis boasts cheaper gas fees compared to Ethereum, giving users a more cost-effective alternative without giving up transaction security. Providing cheaper transaction costs is usually a common offering from L2 networks. </p><p>In a bid to encourage adoption and leverage Aave&#8217;s V3 launch, Metis will offer liquidity incentives to users. Liquidity miners will receive 100,000 METIS coins within a 6-month timeline after deployment. Also, 4,000 METIS tokens will be distributed to token miners as part of a reward program. </p><figure class="wp-block-image size-large"><img width="1024" height="1024" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-1024x1024.png" alt="Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote 15" class="wp-image-582125" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-1024x1024.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-300x300.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-100x100.png 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-770x770.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-269x269.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-366x366.png 366w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-561x561.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-876x876.png 876w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4-746x746.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/chart-4.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote 22"><figcaption><strong><a href="https://www.coingecko.com/en/coins/metis-token" target="_blank" data-type="URL" data-id="https://www.coingecko.com/en/coins/metis-token" rel="noreferrer noopener nofollow">METIS/USD by Coingecko</a></strong></figcaption></figure><h2>Aave Fuels Expansion Campaign</h2><p>The DeFi lender seems on a mission to expand beyond Ethereum&#8217;s base layer with a dearth of governance proposals. In April, the governance DAO <a href="https://en.ethereumworldnews.com/aave-v3-lending-bnb-chain-uniswap-polygon/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-v3-lending-bnb-chain-uniswap-polygon/" rel="noreferrer noopener">voted</a> to launch V3 on BNB Chain, a major liquidity hub for decentralized finance users. The move was announced shortly after leading decentralized exchange Uniswap moved to launch on the Binance blockchain. </p><p>Aave DAO also voted to <a href="http://The move could bootstrap activity on Metis and drive adoption on the L2 amid growing competition in Ethereum&#039;s scaling protocol landscape" target="_blank" rel="noreferrer noopener nofollow">remove</a> BUSD from lending markets on Ethereum. The proposal argued that regulatory actions against stablecoin issuer Paxos and the token&#8217;s declining supply greatly diminishes BUSD&#8217;s utility. </p>]]></description><link>https://m.coinsnews.com/aave-v3-to-launch-on-ethereum-l2-network-metis-following-positive-community-vote</link><guid>579509</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Aave-V3-To-Launch-On-Ethereum-L2-Network-Metis-Following-Positive-Community-Vote-770x385.png</dc:content ><dc:text>Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote</dc:text></item><item><title>Binance Resumes Bitcoin Withdrawals After Network Congestion Caused Suspension</title><description><![CDATA[<img width="770" height="512" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-770x512.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Resumes Bitcoin Withdrawals After Network Congestion Caused Suspension 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-770x512.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-746x496.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1.jpg 1024w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Resumes Bitcoin Withdrawals After Network Congestion Caused Suspension 21"><ul><li>Binance has resumed Bitcoin withdrawals on its trading platform.&amp; </li><li>The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network.&amp; </li><li>Binance’s Bitcoin wallets have seen outflows of more than 157,000 BTC over the past 24 hours.&amp; </li></ul><p>Binance has resumed Bitcoin withdrawals on its platform almost two hours after the exchange suspended BTC withdrawals for its customers. The world’s largest crypto exchange cited congestion in the Bitcoin network earlier today as it paused Bitcoin withdrawals. </p><h2><strong>Binance Cold Wallets Sees Outflow Of Over 157,000 BTC</strong></h2><p>Binance took to <a href="https://twitter.com/binance/status/1655227965062672384" rel="nofollow noopener">Twitter</a> earlier today to inform its customers that they wouldn’t be able to withdraw their BTC from the trading platform after congestion in the Bitcoin network forced the crypto exchange to suspend BTC withdrawals. The tweet assured customers that their funds were safe on the platform and that a team was “working on a fix” in the meantime. Nearly two hours after the Bitcoin withdrawals were paused, the exchange announced that the issues had been resolved and that the withdrawals had been resumed. </p><p>The whole episode invited considerable criticism from crypto Twitter, with influencers, on-chain analysts, and platform users lining up to question the exchange’s decision to suspend withdrawals. According to on-chain data gathered by <a href="https://twitter.com/IT_Tech_PL/status/1655250842369269761" rel="nofollow noopener">CryptoQuant</a>, Binance’s Bitcoin balance saw significant changes earlier today. The exchange transferred a whopping 117,359 BTC from its cold wallet to a market wallet, followed by another out-transfer of 40,184 BTC, bringing the total outflow over the past 24 hours to more than 157,000 BTC ($4.55 billion). </p><p></p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">What fix could Binance possibly have for this issue? Network congestion is not something that can be solved by Binance, so why would they pretend they can? <a href="https://t.co/qKUY9gkPi1" rel="nofollow">https://t.co/qKUY9gkPi1</a></p>&mdash; Bennett Tomlin (@BennettTomlin) <a href="https://twitter.com/BennettTomlin/status/1655257927219924998?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 7, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>The timing of the BTC withdrawal suspension by <a href="https://en.ethereumworldnews.com/binance-doj-probe-russian-sanction/">Binance</a> was brought into question by crypto Twitter, given that it was enforced on the same day that the crypto exchange moved billions worth of BTC. One user pointed out that the Bitcoins were more from the exchange’s cold wallets to its market wallet after the BTC supply from the latter ran out. Binance has provided no clarification on the BTC transfers. </p>]]></description><link>https://m.coinsnews.com/binance-resumes-bitcoin-withdrawals-after-network-congestion-caused-suspension</link><guid>579391</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance-1-770x512.jpg</dc:content ><dc:text>Binance Resumes Bitcoin Withdrawals After Network Congestion Caused Suspension</dc:text></item><item><title>Binance Faces DoJ Probe Over Potential Violation Of Russian Sanctions</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Faces DoJ Probe Over Potential Violation Of Russian Sanctions 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-746x419.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_.jpeg 1085w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Faces DoJ Probe Over Potential Violation Of Russian Sanctions 23"><ul><li>The U.S. Justice Department is reportedly probing Binance for potential violation of sanctions imposed on Russia. </li><li>The DoJ’s national security division is investigating the exchange’s officials to determine if sanctions were evaded. </li><li>The exchange is already facing a criminal investigation over alleged illegal activities including money laundering. </li></ul><p>The United States Department of Justice is reportedly probing the world’s largest crypto exchange for potential violation of sanctions imposed on Russia in light of the conflict in Ukraine. The purpose of the investigation is to determine if Binance Holdings Ltd. was illegally used to allow Russians to evade U.S. sanctions and move money through the crypto platform.&amp; </p><h2><strong>Binance Officials Under Scrutiny By DoJ</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-05-05/binance-faces-us-probe-of-possible-russian-sanctions-violations#xj4y7vzkg?leadSource=uverify%20wall" rel="nofollow noopener">Bloomberg</a>, the Justice Department’s national security division is investigating Binance to see if the crypto exchange complied with the sanctions imposed on Russia following the invasion of Ukraine. Five people familiar with the matter told Bloomberg that the exchange’s officials are under scrutiny as part of the ongoing probe into the company’s conduct. </p><p>While the Justice Department declined to comment on the ongoing investigation, Binance told Bloomberg that the company was in full compliance with all U.S. and international financial sanctions. The exchange added that it has enforced industry leading know your customer (KYC) protocols in addition to a zero-tolerance policy for double registrations, anonymous identities, and obscure sources of money.&amp; </p><blockquote class="wp-block-quote"><p>In 2021, Binance launched an initiative to completely overhaul its corporate governance structure, including bringing in a world-class bench of seasoned executives to fundamentally change how Binance operates globally.” </p><cite>statement from Binance</cite></blockquote><p>A person close to the investigation revealed that as of now there is no indication that the Department of Justice is preparing to agree to a settlement with the crypto exchange. However, not all probes lead to the filing of formal charges. The latest probe adds to an existing criminal and regulatory investigation into the exchange over its conduct. The news comes barely a day after Reuters <a href="https://en.ethereumworldnews.com/binance-reuters-accounts-terrorism-link/">reported</a> that the exchange was entertaining accounts with links to terrorist organizations, including the Islamic State. </p>]]></description><link>https://m.coinsnews.com/binance-faces-doj-probe-over-potential-violation-of-russian-sanctions</link><guid>579050</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/binance_-770x433.jpeg</dc:content ><dc:text>Binance Faces DoJ Probe Over Potential Violation Of Russian Sanctions</dc:text></item><item><title>Binance Responds To Reuters’ Report On Accounts With Terrorism Links</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Responds To Reuters’ Report On Accounts With Terrorism Links 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Responds To Reuters’ Report On Accounts With Terrorism Links 23"><ul><li>Binance has responded to a report from Reuters which claimed that the exchange entertained accounts linked to terror outfits.</li><li>Reuter recently reported that Israel had seized 190 Binance accounts linked to terrorist outfits like the Islamic State.&amp; </li><li>The crypto exchange called out Reuters for deliberately leaving out critical facts to fit their narrative.</li></ul><p>The world’s largest crypto exchange has taken issue with a recent report published by Reuters. In a response posted earlier today, <a href="https://en.ethereumworldnews.com/binance-changpeng-zhao-banking-crypto-btc/">Binance</a> accused the mainstream media firm of engaging in narrative journalism by way of selective reporting regarding the crypto exchange’s compliance policies to fit their narrative. </p><h2><strong>Binance: Reuters Is Deliberately Leaving Out Critical Facts</strong></h2><p><a href="https://www.reuters.com/world/middle-east/israel-seized-binance-crypto-accounts-thwart-islamic-state-document-shows-2023-05-04/" rel="nofollow noopener">Reuters</a> published a report on May 4, 2023, which revealed that Israel’s National Bureau for Counter Terror Financing (NBCTF) had confiscated two Binance accounts in January this year. As per documents on NBCTF’s official website, the accounts were affiliated with the Islamic State and were seized to “thwart the activity” of the Islamic State and prevent it from furthering its terror-related goals. Reuters further reported that the Israeli agency had seized around 190 Binance accounts since 2021, dozens of which were owned by Palestinian firms linked to the Islamist Hamas group.</p><p>According to Reuters, almost all of the 190 accounts seized by Israeli authorities since 2021 were owned by three currency exchange outfits based in Palestine. All three have reportedly been designated as terrorist organizations by Israel due to their role in transferring funds by the Hamas group. Al Mutahadun For Exchange, Dubai Company for Exchange, and Al Wefaq Co. For Exchange, the three Palestinian firms were reportedly behind more than 80 Binance accounts that held over $137,000.</p><p>In response to the Reuters article, Binance shared its side of the case in a <a href="https://www.binance.com/en/blog/community/our-response-to-reuters-1363137884256691497" rel="nofollow noopener">blog post</a> earlier today. The crypto exchange accused Reuters of “deliberately leaving out critical facts to fit their narrative.” The firm took particular issue with the allegations made against its compliance team, which reportedly consists of 750 members with backgrounds in regulatory agencies and law enforcement. </p><p>Binance claimed that no other crypto exchange or financial institution did more to keep bad actors away and restrict unethical conduct. The exchange argued that criminal enterprises don’t register on the platform using their real identities which makes it difficult to root them out.&amp; </p><blockquote class="wp-block-quote"><p>Almost half of our compliance team are involved in sanctions control work such as anti-money laundering, name screening, Know Your Customer (KYC) onboarding, and on-chain monitoring.&#8221;</p></blockquote><p>The crypto exchange stated that it was constantly working with law enforcement agencies around the world to make the platform safer and limit the access of bad actors. To make its case for legal compliance, the exchange revealed that it had already facilitated the seizure of more than $1 billion following requests by law enforcement agencies.&amp; </p>]]></description><link>https://m.coinsnews.com/binance-responds-to-reuters-report-on-accounts-with-terrorism-links</link><guid>579015</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Binance-770x462.jpg</dc:content ><dc:text>Binance Responds To Reuters’ Report On Accounts With Terrorism Links</dc:text></item><item><title>Prosecutors Push For Do Kwon’s Extradition To South Korea, 40-Year Sentence Possible</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Do Kwon" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-300x158.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-1024x538.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-500x263.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-269x141.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-746x392.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Prosecutors Push For Do Kwon&#039;s Extradition To South Korea, 40-Year Sentence Possible 23"><p>Summary: </p><ul><li>Do Kwon could face 40 years in prison if prosecuted and found guilty by a court in his home country of South Korea.</li><li>Media reports confirmed that authorities in South Korea and the United States are contending over extradition rights after Montenegrin police arrested the Terraform Labs founder.</li><li>An investigator who has led the probe into how Terraform Labs collapsed opined that prosecuting Kwon in South Korea is &#8220;more efficient&#8221;.</li></ul><p>Media reports <a href="https://www.wsj.com/articles/south-korean-prosecutor-calls-for-crypto-entrepreneur-do-kwon-to-face-charges-in-home-country-639f5515" target="_blank" data-type="URL" data-id="https://www.wsj.com/articles/south-korean-prosecutor-calls-for-crypto-entrepreneur-do-kwon-to-face-charges-in-home-country-639f5515" rel="noreferrer noopener">confirmed</a> that authorities in South Korea and the United States are contending for the right to extradite Do Kwon after Montenegrin police arrested the Terraform Labs founder in March.</p><p>Kwon&#8217;s extradition has been a talking point since his <a href="https://en.ethereumworldnews.com/terra-do-kwon-arrested-montenegro/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/terra-do-kwon-arrested-montenegro/" rel="noreferrer noopener">arrest in March</a>. Montenegrin police seized the fugitive as he attempted to fly to Dubai using fake travel papers. U.S. authorities hope to prosecute the former Terraform investor for defrauding American investors who held LUNA and UST, two tokens designed by the founder and other employees. </p><p>The Securities and Exchange Commission already <a href="https://en.ethereumworldnews.com/do-kwons-lawyers-sec-lawsuit-dismissed/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/do-kwons-lawyers-sec-lawsuit-dismissed/" rel="noreferrer noopener">charged</a> Kwon with fraud and violations of securities laws though he tried to <a href="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/judge-sec-dig-do-kwon-terra-and-lfg-files/" rel="noreferrer noopener">slow down regulators with a court motion</a>.</p><h2>Best Jurisdiction To Prosecute Do Kwon</h2><p>Dan Sung-han who led South Korean efforts to uncover the factors behind Terra&#8217;s collapse, believes extraditing him to his native country would be the &#8220;more efficient&#8221; way to prosecute Do Kwon and deliver justice to Terra&#8217;s victims who lost at least $40 billion last May. </p><blockquote class="wp-block-quote"><p>Given the nature of this incident, we think investigating the case in South Korea would be the most efficient way of bringing justice. We’ve collected a large swath of evidence pertaining to the TerraUSD case overall, much of which is information that cannot be easily obtained in the U.S.</p></blockquote><p>&#8220;I believe the U.S. is willing to cooperate&#8221;, the South Korean investigator said, speaking to America&#8217;s request for Do Kwon&#8217;s extradition. </p><p>Montenegrin Prime Minister Dritan Abazovic said, &#8220;We are ready to make the extradition to the country which is looking for him&#8221;.</p>]]></description><link>https://m.coinsnews.com/prosecutors-push-for-do-kwons-extradition-to-south-korea-40-year-sentence-possible</link><guid>578977</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Prosecutors-Push-For-Do-Kwons-Extradition-To-South-Korea-40-Year-Sentence-Possible-770x404.jpg</dc:content ><dc:text>Prosecutors Push For Do Kwon’s Extradition To South Korea, 40-Year Sentence Possible</dc:text></item><item><title>Plan For Stricter Crypto Rules Unveiled By New York AG Letitia James</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="crypto rules" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="Plan For Stricter Crypto Rules Unveiled By New York AG Letitia James 23"><p>Summary: </p><ul><li>New York Attorney General Letitia James is pushing to empower the State&#8217;s Department of Financial Services with the authority to implement stricter crypto rules.</li><li>AG James&#8217;s proposed regulations would compel crypto firms to reimburse fraud victims and bar crypto asset creators from running digital asset platforms.</li><li>The bill marks another crypto crackdown from the New York AG&#8217;s office after lawsuits against CoinEx, Kucoin, and former Celsius CEO Alex Mashinsky.</li></ul><p>The office of the New York Attorney General is <a href="https://www.bloomberg.com/news/articles/2023-05-05/new-york-ag-proposes-landmark-crypto-law-citing-dysfunction" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-05/new-york-ag-proposes-landmark-crypto-law-citing-dysfunction" rel="noreferrer noopener nofollow">attempting</a> to rein in the crypto industry with a bill meant to introduce stricter crypto rules and improve oversight capacity from the state&#8217;s Department of Financial Services (NYDFS).</p><p>Under the bill proposed by New York AG Letitia James, exchanges must reimburse users who fall victim to fraud. The so-called &#8220;nation-leading&#8221; crypto rules also ban developers of cryptocurrencies from operating digital asset exchanges and businesses. AG James argued that these crypto rules could mitigate conflicts of interest.</p><p>Crypto companies would also undergo independent and public auditing to strengthen trust and ensure compliance. The bill would also criminalize lending out customers&#8217; digital assets. </p><blockquote class="wp-block-quote"><p>We&#8217;re proposing commonsense measures to protect investors and end the fraud and dysfunction that have become the hallmarks of cryptocurrency. Banks and other financial services are regulated. The cryptocurrency industry must be too.</p></blockquote><p>To achieve this, AG James&#8217; bill would beef up regulatory authority commanded by New York&#8217;s Department of Financial Services. The NYDFS already launched a series of enforcement actions against crypto players in the State of New York.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">This bill will:<br><br>&#8211; Require crypto companies to refund customers who are victims of fraud, as banks do now.<br><br>&#8211; Give my office the power to enforce these laws and shut down companies that violate them.<br><br>&#8211; Force independent and public auditing of crypto companies.</p>&mdash; NY AG James (@NewYorkStateAG) <a href="https://twitter.com/NewYorkStateAG/status/1654482734365003776?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Crypto Rules Proposed After New York Crypto Crackdown</h2><p>New York&#8217;s DFS and AG James have gone after crypto businesses for alleged regulatory violations in recent months. In a lawsuit against crypto exchange Kucoin, the regulator argued that crypto&#8217;s largest altcoin Ether (ETH) meets securities requirements and should be regulated. </p><p>AG James also sued CoinEx and <a href="https://en.ethereumworldnews.com/celsius-mashinsky-sued-fraud-ny/" data-type="URL" data-id="https://en.ethereumworldnews.com/celsius-mashinsky-sued-fraud-ny/" target="_blank" rel="noreferrer noopener">Alex Mashinsky</a>, the former CEO of Celsius. New York is one of several states cracking down on crypto businesses across the U.S. The state&#8217;s financial regulator struck at <a href="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" rel="noreferrer noopener">Binance-branded stablecoin BUSD and its issuer Paxos</a>. </p><p>In Illinois, Coinbase was accused of violating Biometric privacy laws as watchdogs chase crypto entities toward off-shore jurisdictions. </p>]]></description><link>https://m.coinsnews.com/plan-for-stricter-crypto-rules-unveiled-by-new-york-ag-letitia-james</link><guid>578978</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Plan-For-Stricter-Crypto-Rules-Unveiled-By-New-York-AG-Letitia-James-770x513.jpg</dc:content ><dc:text>Plan For Stricter Crypto Rules Unveiled By New York AG Letitia James</dc:text></item><item><title>Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Ethereum" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1.jpg 800w" sizes="(max-width: 770px) 100vw, 770px" title="Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance 22"><p>Summary: </p><ul><li>Etherscan data showed the average cost of Ethereum transactions rose as high as $15 on May 4, a 1-year high.</li><li>Gas fees on L2 networks also skyrocketed, particularly on chains built using zero-knowledge proofs like Polygon zkEVM and zkSync Era.</li><li>Crypto participants believe the memecoin renaissance led by PEPE coin is the main reason behind expensive transaction costs on crypto&#8217;s largest altcoin blockchain.</li></ul><p>Gas fees on Ethereum <a href="https://etherscan.io/chart/avg-txfee-usd" target="_blank" data-type="URL" data-id="https://etherscan.io/chart/avg-txfee-usd" rel="noreferrer noopener nofollow">flew</a> to their highest level since 2022 in the middle of a memecoin renaissance championed by the &#8220;Pepe the frog&#8221; themed altcoin, PEPE. </p><p>The cost of sending transactions rose as high as $15 on May 4, its highest point in over a year. Gas fees had previously stayed at lower levels in the months after Terra crashed and the crypto markets nosedived. </p><figure class="wp-block-image size-large"><img width="1024" height="939" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-1024x939.png" alt="Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance 10" class="wp-image-582090" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-1024x939.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-300x275.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-770x706.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-269x247.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee-746x684.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/average-transaction-fee.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" title="Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance 21"></figure><h2>PEPE Trading Propels Ethereum Gas Fees</h2><p>Ethereum&#8217;s ecosystem is no stranger to memecoin mania as tokens like Dogecoin and Shiba Inu have drawn speculative traders before. It&#8217;s unclear whether the PEPE token will last as long as these OG memecoins after hitting a $1 billion market cap, a topic that Binance <a href="https://www.binance.com/en/support/announcement/binance-will-list-floki-floki-and-pepe-pepe-in-the-innovation-zone-f68a3bc6eb014ed9bacf1d6c71dc1134?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" target="_blank" data-type="URL" data-id="https://www.binance.com/en/support/announcement/binance-will-list-floki-floki-and-pepe-pepe-in-the-innovation-zone-f68a3bc6eb014ed9bacf1d6c71dc1134?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" rel="noreferrer noopener nofollow">weighed</a> in on after listing PEPE for spot trading today.</p><p>Binance paused PEPE deposits shortly after citing technical difficulties. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Binance</a> has postponed the listing of <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$FLOKI</a> and <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$PEPE</a> until May 5, 2023, 18:00 UTC.<br><br>Trading will start at 18:00 UTC, as opposed to the original start time of May 5, 16:00 UTC.<br><br>Please note that deposits for both PEPE and FLOKI will resume at 15:30 UTC.<a href="https://t.co/pJieemoTyP" rel="nofollow">https://t.co/pJieemoTyP</a></p>&mdash; Binance (@binance) <a href="https://twitter.com/binance/status/1654489172768325636?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>There are also indicators pointing to PEPE as the reason behind Ethereum&#8217;s pricey gas fees. PEPE holders traded $150 million in volume over the past 24 hours on the decentralized exchange Uniswap.</p><p>Increased interest in PEPE pushed the token into the top 100 cryptocurrencies by market cap. The token sits at #42 according to CoinMarketCap. <a href="https://pro.nansen.ai/hot-contracts" target="_blank" data-type="URL" data-id="https://pro.nansen.ai/hot-contracts" rel="noreferrer noopener nofollow">Nansen</a> data clocked several copycat tokens and increased trading activity tied to other memecoins on ETH&#8217;s chain. </p><h2>High Gas Fees Rock L2 Networks Too</h2><p>Layer 2 networks designed to reduce transaction costs experienced high gas fees as network demand shot up. Fees on layer 2 scaling solutions built using zero-knowledge proofs like Polygon zkEVM and zkSync Era were significantly higher than L2&#8217;s designed using optimistic rollups. </p><p>Per L2 Fees data, the cost of a single transaction on zk rollups ranged between $2 to $11, rising as high as $30. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">$30 gas fee on Layer 2 <a href="https://twitter.com/search?q=%24ZKS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ZKS</a> <a href="https://twitter.com/search?q=%24ZKSYNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">$ZKSYNC</a> <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw" rel="nofollow noopener">@zksync</a> <br>I don&#39;t understand, I thought layer 2 were made to reduce gas fees ???????? <a href="https://t.co/Uz6k5p4bC5" rel="nofollow">pic.twitter.com/Uz6k5p4bC5</a></p>&mdash; Kool Crypto ⚙️???? (@healthymofin) <a href="https://twitter.com/healthymofin/status/1654291117016326147?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Users also <a href="https://en.ethereumworldnews.com/pricey-ethereum-gas-galvanizes-evm-chains/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/pricey-ethereum-gas-galvanizes-evm-chains/" rel="noreferrer noopener">flocked</a> to Ethereum Virtual Machine-compatible chains like BNB Chain as memecoin mania continued. </p>]]></description><link>https://m.coinsnews.com/ethereum-gas-fees-hit-1-year-high-amid-memecoin-renaissance</link><guid>578920</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Ethereum-Gas-Fees-Hit-1-Year-High-Amid-Memecoin-Renaissance-1-770x433.jpg</dc:content ><dc:text>Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance</dc:text></item><item><title>Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks 24"><ul><li>Voyager Digital may start distributing its remaining assets to creditors in the next few weeks.&amp; </li><li>The announcement was made by Voyager’s Official Committee of Unsecured Creditors.&amp; </li><li>The direct distribution plan for customers was unveiled last month after Binance US pulled out from a deal to acquire Voyager.&amp; </li></ul><p>The stranded customers of Voyager Digital got some relief earlier today after the bankrupt crypto lender indicated that it may start repaying them in the next few weeks. Voyager Official Committee of Unsecured Creditors recently took to Twitter to announce that the company was deliberating the final liquidation procedures. </p><p></p><h2><strong>Voyager Digital To File Final Liquidation Procedures On May 5</strong></h2><p>According to a <a href="https://twitter.com/VoyagerUCC/status/1654203057591267329" rel="nofollow noopener">Twitter</a> thread from Voyager’s Unsecured Creditors Committee, the bankrupt crypto lender and the committee is in the process of finalizing the liquidation procedures. The committee reminded its Twitter community that any plan for liquidating the firm’s assets are required to be filed before they come into effect. The liquidation procedure will lay out the details of the method by which creditors will receive the distribution from Voyager. </p><p>Once the liquidation procedures are filed parties will have ten days to express any objection to the plan. In the event that any party objects, the bankruptcy court will schedule a hearing to consider the objection before allowing the crypto lender to go ahead with the liquidation. In case no objections are filed, Voyager Digital’s distribution plan will come into effect. </p><blockquote class="wp-block-quote"><p>Voyager is also finalizing everything internally that is necessary to make distributions to creditors. We are hopeful that initial distributions will begin within the next few weeks.”</p><cite>Committee of Unsecured Creditors</cite></blockquote><p>Voyager Digital’s (VYGVQ) share price gained more than 6% following the latest development. The firm initially <a href="https://en.ethereumworldnews.com/binance-us-ends-1-billion-voyager-deal/">announced</a> its plan to distribute the remaining assets to creditors and stranded customers on April 25, 2023, after Binance US terminated the $1 billion deal to acquire Voyager&#8217;s assets. At the time, the bankrupt crypto lender stated that the Chapter 11 plan allows for the direct distribution of cash and crypto to customers using its online platform. </p>]]></description><link>https://m.coinsnews.com/voyager-digital-plans-to-start-repaying-creditors-in-the-coming-weeks</link><guid>578779</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Voyager-Digital-1000x600-1-770x462.jpg</dc:content ><dc:text>Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks</dc:text></item><item><title>FTX Gets Bankruptcy Court’s Approval To Sell LedgerX For $50 Million</title><description><![CDATA[<img width="700" height="394" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX Gets Bankruptcy Court’s Approval To Sell LedgerX For $50 Million 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618-269x151.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="FTX Gets Bankruptcy Court’s Approval To Sell LedgerX For $50 Million 24"><ul><li>The Bankruptcy Court of Delaware has authorized bankrupt crypto exchange FTX to sell its LedgerX.</li><li>The derivatives trading platform is set to be sold to M7 Holdings LLC for $50 Million.</li><li>The sale is part of a broader effort from the bankrupt exchange’s management to repay its creditors.&amp; </li></ul><p>The U.S. Bankruptcy Court for the District of Delaware has approved the sale of FTX’s non-bankrupt crypto derivatives exchange LedgerX. The bankruptcy court’s approval comes less than two weeks after the defunct crypto exchange announced that it had reached an agreement with an affiliate of Miami International Holdings to sell LedgerX in a multi-million dollar deal.&amp; </p><h2><strong>FTX Will Sell LedgerX To M7 Holdings</strong></h2><p>The bankruptcy hearing for the proposed sale was streamed live on <a href="https://www.youtube.com/watch?v=FoXrCSg4uHc" rel="nofollow noopener">Youtube</a> earlier today. Bankruptcy Judge John Dorsey gave FTX the green light to sell its LedgerX business to M7 Holdings LLC for $50 million. The buyer is an affiliate of Miami International Holdings, which owns and operates several exchanges, including the Bermuda Stock Exchange and the Miami International Securities Exchange. </p><p>FTX <a href="https://en.ethereumworldnews.com/ftx-announces-ledgerx-sale-for-50-million/">announced</a> on April 25, 2023, that it had entered into an interest purchase agreement with M7 Holdings LLC to offload LedgerX. The agreement to offload the crypto derivatives exchange came after a comprehensive sale process that saw participation from multiple bidders including popular crypto exchange OKX. At the time, FTX stated that the deal with M7 was subject to approval from the Delaware bankruptcy court as well as the U.S. Commodities and Futures Trading Commission. </p><p>LedgerX’s sale is part of a broader effort from the bankrupt crypto exchange’s new management to raise funds in order to repay its creditors and customers. Speaking on the initial agreement with M7 Holdings, FTX CEO John Ray stated, “We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to stakeholders.”</p>]]></description><link>https://m.coinsnews.com/ftx-gets-bankruptcy-courts-approval-to-sell-ledgerx-for-50-million</link><guid>578743</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/2022-11-12t011838z1712963353rc2xhx9xd3wnrtrmadp3fintech-crypto-ftx-holejpg-1161622-1668223618.jpg</dc:content ><dc:text>FTX Gets Bankruptcy Court’s Approval To Sell LedgerX For $50 Million</dc:text></item><item><title>$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds 14" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds 22"><ul><li>A WallStreetBets’ insider who rugged WSB Coin has returned the funds he took from the project.&amp; </li><li>$WSB lost more than 90% earlier today after insiders dumped more than half a million dollars worth of the memecoin.&amp; </li><li>The insider responsible for the rug pull has since made contact with the WallStreetBets team to make WSB investors whole.&amp; </li><li>$WSB gained more than 150% after the insider agreed to return the funds.&amp; </li></ul><p>The WallStreetBets insider accused of pulling the rug from under WSB Coin investors has returned the funds he took from the <a href="https://en.ethereumworldnews.com/doge-up-6-twitter-crypto-trading-etoro/">memecoin</a> project. In a rather interesting turn of events, WSB Coin’s zjz.eth who was accused of rugging the project, took to <a href="https://twitter.com/zjzWSB/status/1654089362563366915" rel="nofollow noopener">Twitter</a> earlier today to defend his actions and instead accuse WallStreetBets’ Twitter operator WSBMod of gaining undue profits through secret airdrops of the memecoin. Following hours of back and forth, the stolen funds were returned to the project, leading to a 155% hike in WSB Coin’s price. </p><h2><strong>WallStreetBets Insider Returns 332 ETH To WSB Coin</strong></h2><p>The controversy started earlier today after the recently launched WSB Coin lost more than 90% of its value. Popular On-chain sleuth ZachXBT <a href="https://twitter.com/zachxbt/status/1653937194388664322" rel="nofollow noopener">revealed</a> that a member of WallStreetBets (zjz.eth) had dumped more than $600,000 worth of WSB from the project’s marketing funds that he was holding for safekeeping. The insider then proceeded to collude with the moderator of the WallStreetBets subreddit (OIP), to drain the project’s multi-sig treasury.&amp; </p><p>WSBMod called out the project’s insiders on Twitter and demanded they get in touch to facilitate the return of the stolen funds. The moderator shared the identities of both insiders on Twitter and threatened to contact the FBI over their rug pull. zjz.eth soon took to Twitter to reveal that he was seeking a return mechanism for the eth he had taken. He further accused WSBMod of draining WSB Coin through secret airdrops of over $25,000. He alleged that the memecoin was designed to enrich the moderator. However, he was called out by the community for dumping the stolen WSBs and netting over half a million dollars in the process. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">hey <a href="https://twitter.com/zjzWSB?ref_src=twsrc%5Etfw" rel="nofollow noopener">@zjzWSB</a> and <a href="https://twitter.com/is_unpopular?ref_src=twsrc%5Etfw" rel="nofollow noopener">@is_unpopular</a> a 2/3 multisig has been set up with <a href="https://twitter.com/zachxbt?ref_src=twsrc%5Etfw" rel="nofollow noopener">@zachxbt</a> and <a href="https://twitter.com/Loopifyyy?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Loopifyyy</a> as signers so i would have no unilateral control.<br><br>0xfD2b2bae7d5A7b2114Dd9B5AeEBcB4181940A944<a href="https://t.co/F5cSBkBCMj" rel="nofollow">https://t.co/F5cSBkBCMj</a><br><br>please return the funds <a href="https://t.co/l7cAcjkbnr" rel="nofollow">pic.twitter.com/l7cAcjkbnr</a></p>&mdash; WSBMod (@wsbmod) <a href="https://twitter.com/wsbmod/status/1654158846837891073?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>WSBMod proceeded to set up a 2/3 <a href="https://twitter.com/wsbmod/status/1654158846837891073" rel="nofollow noopener">multi-sig</a> with on-chain sleuth ZachXBT as one of the signers. On-chain data from <a href="https://etherscan.io/address/0x0ae042d2e5826bfbde038163366f2ae372fe7894" rel="nofollow noopener">Etherscan</a> shows that zjz.eth has since returned over 4 billion WSB and 332 ETH, which are worth a total of more than $1 million as per the current price of the crypto assets. Following the return of the funds, WSB Coin surged by more than 155%, reaching as high as $0.00022. </p>]]></description><link>https://m.coinsnews.com/wsb-gains-155-after-wallstreetbets-insider-returns-rugged-funds</link><guid>578705</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/cover1-770x433.jpg</dc:content ><dc:text>$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds</dc:text></item><item><title>SEC Ordered To Reply Coinbase Petition Over Clearer Crypto Rules In 10 Days</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="SEC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset.jpg 1000w" sizes="(max-width: 770px) 100vw, 770px" title="SEC Ordered To Reply Coinbase Petition Over Clearer Crypto Rules In 10 Days 21"><p>Summary: </p><ul><li>The U.S. Securities and Exchange Commission was ordered to respond to a complaint from crypto exchange Coinbase within the next 10 days, a court ruled on Wednesday.</li><li>Coinbase filed a lawsuit to force the watchdog to clarify how it interprets and applies securities laws to the cryptocurrency industry.</li><li>The ruling is the latest development in an ongoing showdown between crypto businesses in the U.S. and financial watchdogs.</li></ul><p>On Wednesday, a U.S. court <a href="https://twitter.com/iampaulgrewal/status/1653898889311948800?s=20" data-type="URL" data-id="https://twitter.com/iampaulgrewal/status/1653898889311948800?s=20" target="_blank" rel="noreferrer noopener nofollow">ordered</a> the Securities and Exchange Commission to answer a lawsuit regarding how the watchdog applies federal laws to the nascent digital asset industry and cryptocurrencies. </p><p>The complaint in question was filed by crypto exchange Coinbase after the SEC issued a Wells notice to the company. Indeed, the regulator alleged a &#8220;possible violation of securities laws&#8221; by Coinbase. </p><p>In response, Coinbase sued the regulator for opting to reign in the crypto industry through enforcement actions rather than providing sufficient guidance and compliance guidelines.</p><p>Coinbase cited a petition from 2022 that asked the watchdog to provide official rules for the crypto industry. Gary Gensler&#8217;s commission is yet to address the petition. Instead, the regulator has cracked down on crypto entities like Binance, Coinbase, and Kraken for allegedly breaking existing securities laws. </p><p>The regulator now has 10 days to respond to Coinbase&#8217;s suit following the court ruling on Wednesday. Also, the crypto exchange may submit a reply seven days after the regulator files. </p><h2>SEC Enforcement Actions </h2><p>The watchdog has continuously maintained that the crypto industry remains a threat to U.S. financial stability. While likening crypto to the &#8220;wild wild west&#8221; and insisting that existing securities laws provide sufficient oversight, the regulator has also undertaken several enforcement actions against crypto businesses. </p><p>Crypto proponents speculated that the latest round of enforcement actions is part of a called &#8220;operation chokepoint 2.0&#8221;, a joint initiative between state and federal regulators meant to boot out crypto and digital asset staking services from America. </p><p>Coinbase was <a href="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" target="_blank" rel="noreferrer noopener">accused</a> of violating securities laws in March. Crypto trust company Paxos also received a Wells notice from the watchdog over alleged violations. Binance was <a href="https://en.ethereumworldnews.com/sec-nydfs-against-binance-deal-voyager/" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-nydfs-against-binance-deal-voyager/" target="_blank" rel="noreferrer noopener">embroiled</a> in a legal sparring match with the commission over a $1 billion deal to buy Voyager assets. </p><p>Some businesses like <a href="https://en.ethereumworldnews.com/pierce-lambasts-sec-kraken-decision/" data-type="URL" data-id="https://en.ethereumworldnews.com/pierce-lambasts-sec-kraken-decision/" target="_blank" rel="noreferrer noopener">Kraken</a> were fined and forced to completely shut down some of their on-shore services. </p>]]></description><link>https://m.coinsnews.com/sec-ordered-to-reply-coinbase-petition-over-clearer-crypto-rules-in-10-days</link><guid>578603</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/02/SEC-And-NYDFS-Argue-Against-Binance.US-1-Billion-Deal-To-Acquire-Voyagers-Asset-770x462.jpg</dc:content ><dc:text>SEC Ordered To Reply Coinbase Petition Over Clearer Crypto Rules In 10 Days</dc:text></item><item><title>Coinbase Shutters Bitcoin Backed Loans Starting May 10</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Shutters Bitcoin Backed Loans Starting May 10 21"><p>Summary: </p><ul><li>Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral.</li><li>The crypto exchange plans to shut down its Borrow program starting May 10, 2023, due to insufficient demand for the product.</li><li>Wednesday&#8217;s decision also comes amid a tussle between U.S. regulators and crypto businesses like Coinbase, Kraken, and Binance.</li></ul><p>Coinbase users will no longer be able to access cash loans using Bitcoin as collateral as the company moves to unwind its Borrow product. </p><p>According to an <a href="https://twitter.com/hyper_deflation/status/1653793658913554439?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/hyper_deflation/status/1653793658913554439?s=20" rel="noreferrer noopener nofollow">email</a> sent to users on Wednesday, the crypto exchange plans to shut down its Borrow program starting May 10 this year. The move will not affect outstanding loans but users will not have the option to take new loans. </p><blockquote class="wp-block-quote"><p>Beginning May 10, 2023, customers will no longer be able to take out new loans with Coinbase Borrow. There is no impact on your outstanding loans and there is no action required at this time. You will continue to have access to your loan history and the full Borrow dashboard.</p></blockquote><p>Coinbase U.S. users were introduced to the Borrow product back in August 2020. The program did not launch till over a year later in November 2021, giving users an option to access cash without liquidating their BTC holdings. </p><p>Users in some U.S. states were allowed to borrow as much as $1 million against their Bitcoin balances at an 8.7% annual percentage rate (APR). </p><p>Interest in the product has seemingly declined in the two years since its launch. A Coinbase spokesperson noted that the reduced interest was the main reason behind closing the borrow program. </p><p>&#8220;We regularly evaluate our products to ensure we’re prioritizing the offerings that our customers care about most,&#8221; said the spokesperson. </p><h2>Coinbase Embroiled In Battle With U.S. Regulators</h2><p>Although regulatory concerns were not the main reason for Wednesday&#8217;s decision, the move comes amid tension between U.S. regulators like the SEC and crypto businesses. </p><p>The U.S. Securities and Exchange Commission issued a Well notice to Coinbase in March over alleged securities law violations. In response, the crypto exchange <a href="https://en.ethereumworldnews.com/coinbase-responds-to-secs-wells-notice/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-responds-to-secs-wells-notice/" rel="noreferrer noopener">sued</a> the SEC to strong Gary Gensler&#8217;s commission into clarifying regulations for the crypto industry. </p><p>Coinbase is also looking toward offshore options, The company recently <a href="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-launch-offshore-crypto-exchange/" rel="noreferrer noopener">launched</a> a derivatives exchange domiciled in Bermuda. </p>]]></description><link>https://m.coinsnews.com/coinbase-shutters-bitcoin-backed-loans-starting-may-10</link><guid>578604</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Coinbase-Shutters-Bitcoin-Backed-Loans-Starting-May-10-770x433.jpg</dc:content ><dc:text>Coinbase Shutters Bitcoin Backed Loans Starting May 10</dc:text></item><item><title>crvUSD Stablecoin From Curve Finance Launched On Ethereum</title><description><![CDATA[<img width="770" height="419" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png" class="webfeedsFeaturedVisual wp-post-image" alt="Curve Finance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-300x163.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-500x272.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-269x146.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-746x406.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum.png 779w" sizes="(max-width: 770px) 100vw, 770px" title="crvUSD Stablecoin From Curve Finance Launched On Ethereum 22"><p>Summary: </p><ul><li>Smart contracts for Curve Finance&#8217;s crvUSD stablecoin went live on Ethereum&#8217;s mainnet, the team shared via a Twitter update on May 3.</li><li>&#8220;This is not finalized yet because UI also needs to be deployed. Stay tuned!&#8221; said crvUSD developers promising a user interface for the stablecoin.</li><li>crvUSD enters a highly competitive Ethereum stablecoin market with names like DAI, USDT, and USDC.</li></ul><p>Ethereum&#8217;s stablecoin market welcomes a new contender built by the developers of decentralized trading venue Curve Finance. </p><p>On May 3, the DEX developers <a href="https://twitter.com/CurveFinance/status/1653872243556986880?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/CurveFinance/status/1653872243556986880?s=20" rel="noreferrer noopener nofollow">confirmed</a> that smart contracts for crvUSD were deployed on Ethereum&#8217;s mainnet. The team minted 20 million crvUSD tokens in total. Users can view this stablecoin supply on Etherscan. </p><p>&#8220;This is not finalized yet because UI also needs to be deployed. Stay tuned!&#8221; said crvUSD developers promising to roll out a user interface for the stablecoin.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">As many figured &#8211; deployment of crvUSD smart contracts has happened!<br><br>This is not finalized yet because UI also needs to be deployed. Stay tuned!</p>&mdash; Curve Finance (@CurveFinance) <a href="https://twitter.com/CurveFinance/status/1653872243556986880?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Curve Finance&#8217;s Mechanics For Its Stablecoin </h2><p>Curve Finance designed its crvUSD stablecoin as a U.S. dollar-pegged token with an over-collateralized structure. This means that crvUSD can only be minted by posting collateral in supported cryptocurrencies. Minters must provide excess collateral against the amount of crvUSD tokens that they wish to mint. </p><p>The design leverages other crypto assets rather than fiat currencies, a design similar to Maker&#8217;s DAI stablecoin. </p><p>Opting for an over-collateralized asset structure comes with its risk. The Curve Finance team implemented a fresh blockchain algorithm called Lending-Liquidating AMM or LLAMMA to mitigate this risk. LLAMMA achieves this by liquidating and depositing crypto assets as collateral. Developers automated the process to optimize crvUSD&#8217;s mechanics. </p><h2>New Stablecoin On The Block</h2><p>crvUSD enters a highly competitive Ethereum stablecoin market with names like DAI, USDT, and USDC. However, the stablecoin was designed by one of the largest DeFi entities on the market. <a href="https://en.ethereumworldnews.com/curve-finance-initiates-proposal-to-stop-incentivizing-ust-pools-with-crv/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/curve-finance-initiates-proposal-to-stop-incentivizing-ust-pools-with-crv/" rel="noreferrer noopener">Curve Finance</a>&#8216;s authority in the space could drive crvUSD adoption among stablecoin users who tap into crypto&#8217;s $130 billion stablecoin market cap. </p><figure class="wp-block-image size-full"><img width="911" height="537" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127.png" alt="crvUSD Stablecoin From Curve Finance Launched On Ethereum 10" class="wp-image-582055" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127.png 911w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127-300x177.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127-770x454.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127-269x159.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Screenshot-127-746x440.png 746w" sizes="(max-width: 911px) 100vw, 911px" title="crvUSD Stablecoin From Curve Finance Launched On Ethereum 21"><figcaption><strong><a href="https://coinmarketcap.com/view/stablecoin/" target="_blank" data-type="URL" data-id="https://coinmarketcap.com/view/stablecoin/" rel="noreferrer noopener nofollow">Stablecoin Ranking by CoinMarketCap</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/crvusd-stablecoin-from-curve-finance-launched-on-ethereum</link><guid>578605</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/crvUSD-Stablecoin-From-Curve-Finance-Launched-On-Ethereum-770x419.png</dc:content ><dc:text>crvUSD Stablecoin From Curve Finance Launched On Ethereum</dc:text></item><item><title>Former OpenSea Executive Convicted In Insider Trading Case</title><description><![CDATA[<img width="770" height="404" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-770x404.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Former OpenSea Executive Convicted In Insider Trading Case 10" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-770x404.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-300x158.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-1024x538.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-500x263.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-269x141.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-746x392.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd.webp 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Former OpenSea Executive Convicted In Insider Trading Case 22"><ul><li>OpenSea’s former product manager Nate Chastain has been convicted of wire fraud and money laundering.&amp; </li><li>A federal jury in New York found Chastain guilty of using insider information to trade NFTs.</li><li>The former executive faces up to 40 years in prison for netting $50,000 from his insider trading scheme.&amp; </li></ul><p>Nate Chastain, the former Product Manager at NFT marketplace OpenSea, has been convicted by a federal grand jury in New York in the first-ever NFT <a href="https://en.ethereumworldnews.com/coinbase-manager-guilty-insider-trading/">insider trading</a> case. Chastain’s conviction comes less than two weeks after the first hearing in his case was held in the District Court for the Southern District of New York. </p><h2><strong>Former OpenSea Executive Faces Up To 40 Years In Prison</strong></h2><p>According to a report by <a href="https://www.reuters.com/legal/ex-opensea-manager-convicted-nft-insider-trading-case-2023-05-03/" rel="nofollow noopener">Reuters</a>, the federal jury found Chastain guilty of money laundering and wire fraud for his role in the NFT insider trading scheme. He faces up to 40 years in prison. The charges were filed against him in June last year by the U.S. Attorney’s Office in Manhattan. As the head of product, Chastain was responsible for picking the digital artworks that would be featured on the NFT marketplace’s homepage.</p><p>Federal prosecutors accused the former OpenSea executive of abusing his position at the firm to illegally trade NFTs. He reportedly made more than $50,000 between June 2021 and September 2021 by purchasing NFTs that were about to be listed, and then offloading them after their prices surged. Chastain reportedly tried to cover his tracks by using multiple wallets and accounts to route his funds. </p><blockquote class="wp-block-quote"><p>Nathaniel Chastain exploited his advanced knowledge of which NFTs would be featured on OpenSea’s website to make profitable trades for himself. Although this case involved trades in novel crypto assets, there was nothing particularly innovative about his conduct — it was fraud.” </p><cite>Damian Williams, U.S. Attorney SDNY</cite></blockquote><p>Nate Chastain’s guilty verdict comes more than six months after his lawyers filed a motion to get the case dismissed on procedural grounds. He pleaded not guilty as his lawyers argued that OpenSea did not treat the insider knowledge as confidential information during his tenure at the company. &#8220;Nobody told Nate that he couldn&#8217;t use or share that information,” the former executive’s lawyers stated during the closing arguments earlier this week. </p>]]></description><link>https://m.coinsnews.com/former-opensea-executive-convicted-in-insider-trading-case</link><guid>578484</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/20601-opensea-ONETIMEUSEmn-1400-01d8dd-770x404.webp</dc:content ><dc:text>Former OpenSea Executive Convicted In Insider Trading Case</dc:text></item><item><title>Binance’s Changpeng Zhao Says Banking Support Is Important For Crypto</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance’s Changpeng Zhao Says Banking Support Is Important For Crypto 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-2048x1366.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-1376x918.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Binance’s Changpeng Zhao Says Banking Support Is Important For Crypto 20"><ul><li>Changpeng Zhao recently stated that believes that support from banks is the biggest challenge for crypto.&amp; </li><li>The Binance Chief believes that traditional finance systems are important for furthering crypto adoption.&amp; </li><li>Zhao views traditional banking institutions as a necessary element for Bitcoin rather than a rival.&amp; </li></ul><p>Changpeng Zhao, the man at the helm of the world’s largest crypto exchange, believes that support from the traditional finance industry is an important prerequisite to increase the adoption of cryptocurrencies. Zhao’s comments came during a recent ask-me-anything (AMA) <a href="https://www.binance.com/en/blog/from-cz/highlights-from-czs-may-1-ama-4719549893974593654" rel="nofollow noopener">session</a> where he answered questions on topics like crypto regulation, the relationship between traditional banking institutions and the crypto industry, and token listings on his crypto exchange. </p><h2><strong>Changpeng Zhao: Banks And Bitcoin Are Not Rivals</strong></h2><p>Speaking on Banking v. Bitcoin, Changpeng Zhao stated that the success or failure of banks doesn’t necessarily have a meaningful impact on crypto. According to him, the extent of the impact is limited to Bitcoin’s role as a safe haven asset when investors lose confidence in TradFi. However, that is true for real estate and gold as well. Zhao believes that it is possible for crypto to coexist with banks and traditional fiat currencies rather than it being a zero-sum game.&amp; </p><p>The <a href="https://en.ethereumworldnews.com/justin-sun-apologize-binance-cz-sui-tusd/">Binance</a> chief further argued that the success of banks will lead to a more prosperous economy with money and value which will translate to a better scenario for the crypto industry. “The more people, the more activity, the better it is for everyone. That&#8217;s how I view things,” Zhao added. </p><blockquote class="wp-block-quote"><p>If banks are willingly working with crypto, especially exchanges, then we can really facilitate the flow between traditional financial systems and crypto financial systems.”</p><cite>Changpeng Zhao, Co-founder and CEO of Binance</cite></blockquote><p>When asked about the regulatory landscape for the crypto industry, Changpeng Zhao revealed that the number one challenge for crypto firms today is receiving support from banks. The regulatory uncertainty surrounding the crypto industry has discouraged traditional banking institutions from catering to businesses operating in the crypto space. Zhao believes that a proper regulatory framework will restore investors’ and banks’ confidence in crypto, which will ultimately further its adoption.&amp; &amp; </p><p>During the AMA session, the Binance CEO also talked about memecoins and the listing of tokens on his crypto exchange. He clarified that he isn&#8217;t involved in Binance’s token listing process. As far as memecoins are concerned, Zhao revealed that he never understood them. However, as long as users are willing to trade them, his exchange will list them.&amp; </p>]]></description><link>https://m.coinsnews.com/binances-changpeng-zhao-says-banking-support-is-important-for-crypto</link><guid>578443</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/221114191758-changpeng-zhao-june-16-770x513.jpg</dc:content ><dc:text>Binance’s Changpeng Zhao Says Banking Support Is Important For Crypto</dc:text></item><item><title>BUSD Transactions Sink To 2021-Low</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="BUSD" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-746x419.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low.png 1140w" sizes="(max-width: 770px) 100vw, 770px" title="BUSD Transactions Sink To 2021-Low 24"><p>Summary: </p><ul><li>The number of wallets sending and receiving BUSD transfers slumped to a new two-year low on May 2, data from Glassnode showed.</li><li>Declining trading activity comes after U.S. regulators cracked down on stablecoin issuer and crypto trust company Paxos.</li><li>The Binance-branded token slumped further as protocols, investors, and platforms lost faith in the stablecoin.</li><li>Meanwhile, Tether&#8217;s USDT dominance over the stablecoin market strengthens while rival issuers navigate regulatory scrutiny and banking debacles.</li></ul><p>Binance USD (BUSD) transactions <a href="https://twitter.com/glassnodealerts/status/1653629274484613121?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/glassnodealerts/status/1653629274484613121?s=20" rel="noreferrer noopener nofollow">dipped</a> to a fresh two-year low on May 2, 2023 months after regulatory scrutiny and widespread loss of faith punctured the stablecoin&#8217;s market cap. </p><p>Glassnode data showed that Binance USD transactions have not declined to this level since mid-2021. The on-chain analytics firm used a seven-day moving average to track wallets sending and receiving BUSD. Both metrics indicated record-low levels. </p><figure class="wp-block-image size-large"><img width="1024" height="512" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1024x512.png" alt="BUSD Transactions Sink To 2021-Low 13" class="wp-image-582042" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1024x512.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-300x150.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-770x385.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1536x768.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-2048x1024.png 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-561x280.png 561w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1146x573.png 1146w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1476x738.png 1476w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-269x135.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-746x373.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Receiving-Wallets-by-Glassnode-1376x688.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" title="BUSD Transactions Sink To 2021-Low 22"><figcaption><strong>Number of Wallets Sending Binance USD by Glassnode</strong></figcaption></figure><h2>BUSD&#8217;s Fall</h2><p>BUSD&#8217;s dwindling activity comes after its issuer Paxos was the subject of enforcement actions from two U.S. regulators. The crypto trust company received a <a href="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/sec-binance-stablecoin-paxos-busd/" rel="noreferrer noopener">Wells notice</a> from the U.S. Securities and Exchange Commission accusing Paxos of issuing unregistered securities. Paxos promised to litigate if necessary and &#8220;categorically&#8221; <a href="https://en.ethereumworldnews.com/busd-issuer-paxos-in-discussion-u-s-sec/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/busd-issuer-paxos-in-discussion-u-s-sec/" rel="noreferrer noopener">opposed</a> the SEC&#8217;s allegations. </p><p>New York&#8217;s Department of Financial Services (NYDFS) ordered Paxos to cease issuing new BUSD tokens. Paxos is regulated by the NYDFS and can operate in New York&#8217;s jurisdiction. The company said redemptions would <a href="https://en.ethereumworldnews.com/paxos-busd-binance-redemptions-till-2024/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/paxos-busd-binance-redemptions-till-2024/" rel="noreferrer noopener">continue until February 2024</a> at the very least. </p><p>DeFi protocols like <a href="https://en.ethereumworldnews.com/aave-votes-offboard-busd-lending-pool/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/aave-votes-offboard-busd-lending-pool/" rel="noreferrer noopener">Aave</a> lost faith in BUSD following the news. Community members proposed removing the stablecoin from lending pools and decentralized services. Platforms like Coinbase also <a href="https://en.ethereumworldnews.com/coinbase-suspend-busd-trading-march-13/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-suspend-busd-trading-march-13/" rel="noreferrer noopener">moved</a> to delist the token. </p><h2>Tether Solidifies Stablecoin Lead</h2><p>Tether&#8217;s USDT, crypto&#8217;s largest stablecoin, continues to command the lion&#8217;s market share of the stablecoin ecosystem amid troubling times for rivals. At its peak, BUSD boasted over $23 billion in supply. This figure has dipped sharply to around $5 billion. </p><p>USDT&#8217;s market cap alone is north of $82 billion. Tether&#8217;s closest competitor Circle (USDC) has a market cap of just above $30 billion. Tether is also reportedly minting significant amounts of new USDT tokens. </p><p>Typically, Tether creates new USDT in response to increased demand, signaling the influx of fresh cash into the ecosystem often deployed to purchase Bitcoin, Ethereum, and other cryptocurrencies.</p><figure class="wp-block-image size-full"><img width="619" height="266" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_3M_graph_coinmarketcap.png" alt="BUSD Transactions Sink To 2021-Low 14" class="wp-image-582041" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_3M_graph_coinmarketcap.png 619w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_3M_graph_coinmarketcap-300x129.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/USDT_3M_graph_coinmarketcap-269x116.png 269w" sizes="(max-width: 619px) 100vw, 619px" title="BUSD Transactions Sink To 2021-Low 23"><figcaption><strong><a href="https://coinmarketcap.com/currencies/tether/" target="_blank" data-type="URL" data-id="https://coinmarketcap.com/currencies/tether/" rel="noreferrer noopener nofollow">Tether&#8217;s Market Cap by CoinMarketCap</a></strong></figcaption></figure>]]></description><link>https://m.coinsnews.com/busd-transactions-sink-to-2021-low</link><guid>578389</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/BUSD-Transactions-Sink-To-2021-Low-770x433.png</dc:content ><dc:text>BUSD Transactions Sink To 2021-Low</dc:text></item><item><title>Celsius Founder Alex Mashinsky Dismisses “Baseless” Allegations By NY AG</title><description><![CDATA[<img width="770" height="546" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-770x546.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius Founder Alex Mashinsky Dismisses “Baseless” Allegations By NY AG 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-770x546.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-300x213.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-500x355.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-269x191.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-746x529.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8.jpg 960w" sizes="(max-width: 770px) 100vw, 770px" title="Celsius Founder Alex Mashinsky Dismisses “Baseless” Allegations By NY AG 23"><ul><li>Celsius founder Alex Mashinsky has filed a motion to dismiss the complaint filed by the Attorney General of New York.</li><li>The lawsuit accused Mashinsky of misleading and defrauding the investors of his crypto lending firm. </li><li>The former CEO has dismissed the allegations made in the lawsuit and called them “baseless”.  </li></ul><p>Alex Mashinsky, the man behind the failed crypto lending firm <a href="https://en.ethereumworldnews.com/celsius-creditors-suspicious-trades-ftx/">Celsius</a>, has filed a motion in the Supreme Court of New York to dismiss a complaint filed against him by the state of New York in January this year. Mashinsky’s lawyers responded by claiming that the fraud claims made against him by New York Attorney General Letitia James, are baseless and derived from online misinformation. </p><h2><strong>Alex Mashinsky: Crypto Products Offered By Celsius Were Not Securities</strong></h2><p>The lawsuit was <a href="https://ag.ny.gov/press-release/2023/attorney-general-james-sues-former-ceo-celsius-cryptocurrency-platform-defrauding" rel="nofollow noopener">filed</a> by the State of New York against Alex Mashinsky for defrauding hundreds of thousands of investors out of billions of dollars worth of crypto assets. The lawsuit alleged that Mashinsky repeatedly made false and misleading statements regarding Celsius’ safety to encourage investors to deposit billions worth of crypto into the crypto lender. Attorney General James further alleged that amid last year’s crypto contagion, Mashinsky misrepresented and concealed the financial health of his company. </p><p>According to the <a href="https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=/mPuBL5LQ5Z2OEWZ70pvhw==" rel="nofollow noopener">court filing</a> by the former CEO’s lawyers, the allegations made in the lawsuit “parrot misformation” on the internet about Mashinsky and Celsius. They claimed that the “baseless” conclusions in the complaint demonstrated a fundamental misunderstanding of the bankrupt crypto lender’s business and the role that the former CEO played in it. In the response, Mashinsky’s lawyers claimed that Celsius’ bankruptcy was blamed on him despite being caused due to external events that were out of his control. </p><blockquote class="wp-block-quote"><p>The Complaint cynically cherry picks fragments of statements and sound bites, without broader context, falsely depicting Celsius’s exceptional transparencies with its users as a deceptive tactic.”</p></blockquote><p>Speaking on the allegation of perpetrating securities fraud by failing to register Celsius as a securities dealer and offering securities through the platform, Alex Mashinsky’s lawyers stated that the Earn Accounts offered to customers were not securities. “The Complaint fails to plead adequately the existence of securities or commodities in Celsius’s business model,” the lawyers argued. The response also cited several legal precedents to argue that no investment contract exists between the firm and the investor without a predetermined interest rate.&amp; </p>]]></description><link>https://m.coinsnews.com/celsius-founder-alex-mashinsky-dismisses-baseless-allegations-by-ny-ag</link><guid>578390</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/6043dec78eec851772c411e2196a70e8-770x546.jpg</dc:content ><dc:text>Celsius Founder Alex Mashinsky Dismisses “Baseless” Allegations By NY AG</dc:text></item><item><title>Pricey Ethereum Gas Fees Galvanizes Activity On EVM-Chains</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Ethereum" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains.jpeg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Pricey Ethereum Gas Fees Galvanizes Activity On EVM-Chains 23"><p>Summary:</p><ul><li>Daily unique addresses on Ethereum Virtual Machine-compatible chains set a new all-time high of 6.77 million last week.</li><li>Experts and on-chain say expensive gas fees pushed more users to leverage EVM-chain like BNB Chain, Polygon, Fantom, and Avalanche.</li><li>The hike in gas fees coincides with the Pepe and meme coin fever spreading through the cryptocurrency market. </li></ul><p>Ethereum Virtual Machine (EVM)-compatible network saw an uptick in user activity as Ethereum maintained its infamously high gas fees. </p><p>According to on-chain data from The Block, EVM chains set a new all-time high for daily unique addresses. The number of these unique addresses hit <a href="https://www.theblock.co/data/on-chain-metrics/ethereum/average-transaction-fee-on-ethereum" target="_blank" data-type="URL" data-id="https://www.theblock.co/data/on-chain-metrics/ethereum/average-transaction-fee-on-ethereum" rel="noreferrer noopener nofollow">culminated</a> last week on Wednesday, April 25. Daily unique addresses hit 6.77 million for the first time on EVM-compatible chains like BNB Chain, Polygon, and Fantom. </p><p>Ethereum&#8217;s network enjoyed an additional surge in interest after the <a href="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/2billion-ethereum-rewards-unlock-shapella/" rel="noreferrer noopener">Shanghai upgrade</a> as traders and crypto users were once again spurred by meme coin mania. This increased trading activity on ETH&#8217;s chain caused a consistent rise in transaction costs, the main reason why users are opting for EVM-compatible chains instead. </p><p>Transaction costs on EVM-compatible chains like BNB Chain and Polygon are a fraction of gas fees on Ethereum. These networks are also able to provide cheaper gas fees while leveraging security infrastructure from Ethereum&#8217;s base layer. </p><p>Research analyst Kevin Pang noted a steady increase in transaction costs on ETH&#8217;s network since early 2023. Pang opined that this consistent rise powered growth in EVM chain usage. Data showed a 250% increase as gas fees jumped from around $2.5 per transaction late last year to $9 in May 2023. </p><h2>Pepe Traders Contribute To Ethereum Gas Fee Spike</h2><p>Speculative traders and memecoin mania are not new narratives in the crypto industry. Indeed, the rise in gas fees comes at a time when rising meme coin Pepe has stormed the market and grown in popularity. </p><p>The memecoin based on &#8216;Pepe the frog&#8217; recorded over 2100% in returns for holders since its debut in April. Pepe&#8217;s PEPE-WETH contract has been the <a href="https://pro.nansen.ai/defi-paradise" data-type="URL" data-id="https://pro.nansen.ai/defi-paradise" target="_blank" rel="noreferrer noopener nofollow">most active liquidity pool</a> on Uniswap V2 and V3 for the past week. Pepe is also a top trending crypto on aggregators like Coingecko and CoinMarketCap. </p>]]></description><link>https://m.coinsnews.com/pricey-ethereum-gas-fees-galvanizes-activity-on-evm-chains</link><guid>578391</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Pricey-Ethereum-Gas-Fees-Galvanizes-Activity-On-EVM-Chains-770x433.jpeg</dc:content ><dc:text>Pricey Ethereum Gas Fees Galvanizes Activity On EVM-Chains</dc:text></item><item><title>Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live</title><description><![CDATA[<img width="770" height="616" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-770x616.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="SUI" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-770x616.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-300x240.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-1024x819.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-1536x1229.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-2048x1638.jpeg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-500x400.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-269x215.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-746x597.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-1376x1101.jpeg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live 24"><ul><li>The core SUI team asked Binance, ByBit, KuCoin, OKX, and other crypto exchanges not to list perpetual trading contracts for the token that was issued today.</li><li>At least four major exchanges committed to supporting SUI trading on spot pairs with other tokens like USDT, BTC, and ETH.</li><li>The project stacked with former Diem devs also launched its Layer 1 mainnet network on May 3 with over 200 million tokens in circulation and over $10 billion in FDV.</li></ul><p>Binance and other crypto exchanges were <a href="https://twitter.com/WuBlockchain/status/1653722900661407744?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/WuBlockchain/status/1653722900661407744?s=20" rel="noreferrer noopener nofollow">asked</a> to stall listing SUI perpetual trading contracts, per an official request from the core SUI team cited on Wednesday. Four major exchanges including <a href="https://en.ethereumworldnews.com/justin-sun-apologize-binance-cz-sui-tusd/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/justin-sun-apologize-binance-cz-sui-tusd/" rel="noreferrer noopener">Binance</a> and Kucoin have temporarily honored the request, supporting only spot trading for now. </p><p>The token opened trading as high as $4 on some trading venues before crashing more than 70%. Trading volumes rose above $300 million in the first 24 hours of trading. OKX experienced downtimes as traders flocked to the new and high-anticipated L1 blockchain token. </p><p>Trading activity on Binance made up over 60% of the token&#8217;s spot volume shortly after launch, per CoinGecko data.</p><figure class="wp-block-image size-full"><img width="898" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1.jpg" alt="Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live 12" class="wp-image-582025" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1.jpg 898w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1-300x134.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1-770x343.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1-269x120.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/SUI_1D_graph_coinmarketcap-1-746x332.jpg 746w" sizes="(max-width: 898px) 100vw, 898px" title="Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live 23"><figcaption><strong><a href="https://coinmarketcap.com/currencies/sui/" data-type="URL" data-id="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a></strong></figcaption></figure><p>The request was publicly disclosed shortly before trading venues listed the token for spot trading. Other crypto exchanges like BitMex and MEXC ignored the request, supporting both spot and perpetual futures trading on their platforms. </p><h2>Diem Devs Activate SUI Mainnet</h2><p>Former Diem developers launched the SUI Layer 1 mainnet on May 3 after years of building the network. The chain&#8217;s genesis blob was <a href="https://twitter.com/SuiNetwork/status/1651701079128821760?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/SuiNetwork/status/1651701079128821760?s=20" rel="noreferrer noopener nofollow">activated</a> per a Discord server update, thrusting the Mysten Labs&#8217; brainchild into a competitive L1 market. </p><p>The designated proof-of-stake (dPoS) network plans to onboard over 200 entities from DeFi, decentralized applications, NFTs, blockchain gaming, and more into its ecosystem over the next few months. </p><p>SUI was developed using an off-shoot of the Rust programming language dubbed Move. Rust was initially created for Meta&#8217;s failed Diem blockchain project. The dPoS chain leverages two high-performance throughput mempool and consensus engines called Narwhal and Bullshark, both developed by Mysten Labs. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">A year after Sui’s first performance demonstration, we want to share an update worth celebrating:<br><br>????Sui, with 100 globally distributed validators, achieved peak throughput of nearly 300K TPS<br>????Sui’s time to finality is ~480 milliseconds<a href="https://t.co/MXquQ6kbf9" rel="nofollow">https://t.co/MXquQ6kbf9</a><br><br>????Let’s dive in</p>&mdash; Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1651701079128821760?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure>]]></description><link>https://m.coinsnews.com/major-crypto-exchanges-push-back-sui-perp-listing-l1-mainnet-and-spot-trading-go-live</link><guid>578331</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Major-Crypto-Exchanges-Push-Back-SUI-Perp-Listing-L1-Mainnet-And-Spot-Trading-Go-Live-770x616.jpeg</dc:content ><dc:text>Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live</dc:text></item><item><title>Gemini’s Offshore Crypto Derivatives Exchange Goes Live In 30 Countries</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Gemini’s Offshore Crypto Derivatives Exchange Goes Live In 30 Countries 12" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-1024x682.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-1376x917.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1.jpg 2000w" sizes="(max-width: 770px) 100vw, 770px" title="Gemini’s Offshore Crypto Derivatives Exchange Goes Live In 30 Countries 24"><ul><li>Gemini has launched its offshore crypto derivatives trading platform in thirty countries.&amp; </li><li>The Gemini Foundation is now offering BTC perpetual contracts to customers in qualified jurisdictions.</li><li>The new exchange is not available to customers in the United States, the United Kingdom, or the European Union.&amp; &amp; </li></ul><p>U.S-based crypto exchange Gemini’s offshore crypto derivatives trading platform has been launched less than two weeks after initially announced last month. The Gemini Foundation is now live in over two dozen countries including Singapore, Hong Kong, India, Switzerland, Bermuda, Turkey, Brazil, and Vietnam.&amp; </p><h2><strong>Gemini Foundation Not Available In US, UK, And EU</strong></h2><p>According to a <a href="https://twitter.com/Gemini/status/1653391869395767297" rel="nofollow noopener">Twitter thread</a> posted by the Winklevoss-owned crypto exchange earlier today, the Gemini Foundation is open for trading to customers in all available jurisdictions. Users from the 30 available jurisdictions can now trade BTC perpetual contracts denominated in the exchange’s GUSD stablecoin using up to 100x leverage. The new crypto derivatives exchange plans to launch an ETH/GUSD perpetual contract in the coming weeks. </p><p>The offshore trading platform will not be available to customers in the United States, United Kingdom, and the European Union. In the available jurisdictions, both retail and institutional traders can access the platform. Gemini revealed that it will be expanding its derivatives offerings with additional perpetual contracts, dated futures, and options in the coming months.&amp; </p><blockquote class="wp-block-quote"><p>Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. Purpose-built for both individuals and institutions, Gemini Foundation combines powerful trading tools with an elegant user experience.”</p></blockquote><p>A report from <a href="https://fortune.com/crypto/2023/05/02/gemini-launches-offshore-crypto-derivatives-platform/" rel="nofollow noopener">Fortune</a> revealed that the new derivatives exchange is based in Singapore. As <a href="https://en.ethereumworldnews.com/gemini-non-us-crypto-derivatives-platform/">reported</a> earlier, the platform will introduce spot products as well. Customers will have to convert their USD and USD Coins to GUSD on a 1:1 basis in order to fund their trading account. Perpetual funding payments will have to be made exclusively in GUSD.</p><p>News of the derivatives trading platform’s launch comes on the same day that Coinbase announced the launch of its Bermuda-based crypto derivatives exchange, Coinbase International Exchange. The American exchanges’ global push is partly due to the lack of regulatory clarity in the US and the hostile stance of regulators like the Securities and Exchange Commission (SEC).&amp; </p>]]></description><link>https://m.coinsnews.com/geminis-offshore-crypto-derivatives-exchange-goes-live-in-30-countries</link><guid>578158</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/1672363933-shutterstock-2196605349-gemini-1-770x513.jpg</dc:content ><dc:text>Gemini’s Offshore Crypto Derivatives Exchange Goes Live In 30 Countries</dc:text></item><item><title>Coinbase Launches Offshore Derivatives Exchange Amid Crypto Crackdown In U.S.</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-770x513.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Launches Offshore Derivatives Exchange Amid Crypto Crackdown In U.S. 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-770x513.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-300x200.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-1024x682.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-1536x1023.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-2048x1365.webp 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-500x333.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-1155x770.webp 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-346x231.webp 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-746x497.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-1131x754.webp 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-269x179.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-1376x917.webp 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Launches Offshore Derivatives Exchange Amid Crypto Crackdown In U.S. 19"><ul><li>Coinbase has launched an offshore crypto derivatives exchange based in Bermuda.&amp; </li><li>Coinbase International Exchange will allow non-U.S. customers to trade perpetual futures.&amp; </li><li>The Bermuda Monetary Authority recently granted a regulatory license to the American crypto giant.&amp; </li></ul><p>In a significant push for global expansion, American crypto giant Coinbase has announced the launch of Coinbase International Exchange, its offshore crypto derivatives trading platform. The new derivatives exchange is based in the Caribbean nation of Bermuda. The launch of the offshore exchange comes in light of intensifying scrutiny of crypto firms in the United States.  </p><h2><strong>Coinbase International Exchange Will Settle All Trades In USDC</strong></h2><p>According to a recent <a href="https://www.coinbase.com/blog/introducing-coinbase-international-exchange" rel="nofollow noopener">blog post</a> by Coinbase, its new crypto derivatives exchange will allow users based in eligible jurisdictions outside the United States, to trade perpetual futures. The new Bermuda-based trading venture aims to tap into the perpetual futures trading space, which reportedly accounted for almost 75% of the global crypto trading volume in 2022. </p><p>Coinbase International Exchange listed BTC and ETH perpetual futures contracts earlier today. These contracts will initially allow institutional clients to trade with up to 5x leverage. The new platform will not require any fiat on-ramps as all trading will be settled in USD Coin (USDC). It is important to note that the platform is not available for retail clients at this time.&amp; </p><p>The announcement of the new exchange comes less than two weeks after Coinbase <a href="https://en.ethereumworldnews.com/coinbase-launch-offshore-exchange-soon/">revealed</a> that the Bermuda Monetary Authority (BMA) had granted it a regulatory license to operate in the British Overseas Territory. The crypto exchange lauded Bermuda’s favorable regulatory landscape and highlighted its high level of transparency, compliance, and cooperation. The exchange assured that it&#8217;s still committed to the American market, but highlighted the countries around the world that are setting up responsible regulatory frameworks for crypto.</p><blockquote class="wp-block-quote"><p>We would like to see the US take a similar approach instead of regulation by enforcement which has led to a disappointing trend for crypto development in the US.” </p></blockquote><p>The launch of the overseas exchange comes amid the crackdown on crypto businesses in the United States. Regulators like the Securities and Exchange Commission (SEC) and the New York Department of Financial Services (NYDFS) have booked several crypto firms since the beginning of the year in what industry players have described as a campaign against the crypto industry. The SEC issued a Wells notice to Coinbase last month, stating the regulator’s intention to initiate enforcement actions against the exchange.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-launches-offshore-derivatives-exchange-amid-crypto-crackdown-in-us</link><guid>578066</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/coinbase-770x513.webp</dc:content ><dc:text>Coinbase Launches Offshore Derivatives Exchange Amid Crypto Crackdown In U.S.</dc:text></item><item><title>Coinbase Accused Of Violating State Laws With KYC Practice</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-300x169.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-1024x576.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-500x281.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-269x151.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-746x420.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions.jpeg 1280w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Accused Of Violating State Laws With KYC Practice 21"><p>Summary: </p><ul><li>The plaintiff&#8217;s complaint alleges that Coinbase broke biometric privacy laws in Illinois.</li><li>A user named Michael Massel damages on the grounds that the crypto exchange violated state laws when carrying out know-your-customer checks and unlawfully stored sensitive user data.</li><li>The California District Court case is the latest battle faced by crypto exchange Coinbase on U.S. soil as the company explores offshore jurisdictions.</li></ul><p>Coinbase crypto exchange has been <a href="https://www.courtlistener.com/docket/67306707/1/massel-v-coinbase-inc/" target="_blank" data-type="URL" data-id="https://www.courtlistener.com/docket/67306707/1/massel-v-coinbase-inc/" rel="noreferrer noopener nofollow">sued in a California District Court</a> for allegedly violating Illinois’ Biometric Information Privacy Act (BIPA and using sensitive customer identification data unlawfully. </p><p>The suit alleges that the crypto company&#8217;s biometric data collection through its know-your-customer (KYC) practices was unlawfully obtained and stored without implementing providing the necessary details on this verification policy. </p><p>It&#8217;s a common requirement among some crypto exchanges, especially those operating in the U.S. and other strict jurisdictions, for users to confirm their identity and upload a photo for verification. Regulators make KYC mandatory as an anti-money laundering tactic and a way to fight illicit finance. </p><p>According to BIPA rules, a company that collects biometric data must inform the user in writing of the data collection including the specific purpose and length of term for which the data will be stored.</p><p>Written consent is also required from the customer and the company has to publish publicly‐available written retention schedules and guidelines for permanently destroying biometric identifiers and biometric information.</p><p>The suit claims that the crypto company does not comply with these rules and instead “wrongfully profits” from the data by collecting biometric data to “further enhance Coinbase and its online ‘app-based’ platform.</p><p>Furthermore, the suit alleges that Coinbase “disclosed, redisclosed, or otherwise disseminated Plaintiff’s biometric information to numerous third parties including, but not limited to, Jumio Corporation, Onfido, Inc., Au10tix LTD, Solaris AG, and Liquid Co. Ltd.&#8221;</p><p>The Plaintiff, Michael Massel, a user of the exchange, is seeking $5,000 in damages for every “intentional and reckless violation” of Illinois’ Biometric Information Privacy Act (BIPA) and a further $1,000 for each other violation his legal team can find.&amp; </p><h2>Coinbase, Crypto Companies Spar With US Regulators</h2><p>Coinbase, like a host of crypto businesses, is also <a href="https://en.ethereumworldnews.com/coinbase-preparing-legal-battle-u-s-sec/" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-preparing-legal-battle-u-s-sec/" target="_blank" rel="noreferrer noopener">taking heat from U.S. regulators</a> pursuing what the industry describes as a “regulation-by-enforcement strategy,” where federal agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) prefer to serve up lawsuits and legal threats rather than draft new guidelines for the still-nascent industry. </p><p>Earlier this year, the SEC alleged that the staking services offered by exchanges like Kraken and Coinbase were unregistered securities and began a crackdown against them, issuing the former with a $30mn fine and the latter with a Wells Notice.&amp; </p><p>The hostile climate appears to be <a href="https://en.ethereumworldnews.com/coinbase-launch-offshore-exchange-soon/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-launch-offshore-exchange-soon/" rel="noreferrer noopener">driving Coinbase further offshore</a>. Last month the exchange announced it received a license to operate in Bermuda, and is in talks with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the territory of UAE—about the potential of opening a regulated exchange there.</p><p>Meanwhile, the company is locked in a <a href="https://en.ethereumworldnews.com/coinbase-responds-to-secs-wells-notice/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-responds-to-secs-wells-notice/" rel="noreferrer noopener">legal bottleneck</a> with U.S. regulators over securities laws and clearer crypto laws. </p>]]></description><link>https://m.coinsnews.com/coinbase-accused-of-violating-state-laws-with-kyc-practice</link><guid>578067</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/05/Coinbase-Slows-Down-Its-Hiring-Spree-Due-To-Bad-Market-Conditions-770x433.jpeg</dc:content ><dc:text>Coinbase Accused Of Violating State Laws With KYC Practice</dc:text></item><item><title>Dubai Regulator Blasts 3AC Bosses Over Crypto Claims Exchange OPNX</title><description><![CDATA[<img width="770" height="514" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-770x514.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Dubai" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-770x514.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-1024x684.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-1536x1025.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-2048x1367.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-500x334.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-746x498.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-269x180.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-1376x918.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Dubai Regulator Blasts 3AC Bosses Over Crypto Claims Exchange OPNX 23"><p>Summary: </p><ul><li>VARA said OPNX solicited Dubai customers through marketing campaigns and social media without the appropriate regulatory approval.</li><li>Dubai’s regulator said they were assessing whether further action might be needed against the latest crypto venture from Su Zhu and Kyle Davies.</li><li>OPNX CEO Leslie Lamb rebutted that the exchange isn’t available to Dubai residents. </li><li>At the same time, Zhu and Kyle claim no influence over the platform’s operations after contributing the initial ideas for OPNX.</li></ul><p>Crypto claims trading exchange OPNX must navigate more controversy after its lackluster launch in early April this year. </p><p>The Virtual Assets Regulatory Authority (VARA) lambasted the crypto venture started by Su Zhu and Kyle Davies for marketing an unregistered digital asset business to Dubai residents and customers, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-05-02/dubai-reprimands-three-arrows-founders-over-new-crypto-project?utm_campaign=socialflow-organic&amp;utm_content=crypto&amp;utm_medium=social&amp;utm_source=twitter" target="_blank" data-type="URL" data-id="https://www.bloomberg.com/news/articles/2023-05-02/dubai-reprimands-three-arrows-founders-over-new-crypto-project?utm_campaign=socialflow-organic&amp;utm_content=crypto&amp;utm_medium=social&amp;utm_source=twitter" rel="noreferrer noopener nofollow">reported</a> Tuesday.</p><p>OPNX is a crypto exchange that allows users to trade claims from defunct entities like FTX and Three Arrows Capital, the very same bankrupt hedge fund previously led by Zhu and Davies. The platform hosts executives from other troubled crypto businesses like CoinFLEX’s Mark Lamb and Sudhu Arumugam. Leslie Lamb currently spearheads the venture as CEO.</p><p>On February 27, Dubai’s VARA issued a “cease and desist” order to OPNX. A second cautionary notice was published shortly after on March 10 to both the founder and the crypto platform itself. </p><p>The platform later <a href="https://en.ethereumworldnews.com/opnx-crypto-exchange-3ac-coinflex-live/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/opnx-crypto-exchange-3ac-coinflex-live/" rel="noreferrer noopener">launched</a> in April, recording unimpressive trading volumes at launch, and continued to leverage social media for marketing campaigns. VARA claims this move was also targeted at onboarding Dubai users. </p><p>Following its first two notices to OPNX and its founders before the platform launched, VARA published a written reprimand to all four co-founders for attempting to run an unregistered crypto business in the Emirates. </p><p>The notice echoed regulatory concerns cited in February, and March, and an “Investor and Marketplace Alert” published about OPNX shortly before the exchange launched in April.</p><p>OPNX CEO Leslie Lamb, another subject of VARA’s regulatory torch, rebutted the claims and said the company had not violated any of the Emirati’s policies. OPNX and VARA are working together to investigate the matter, CEO Lamb suggested in a WhatsApp text cited in Tuesday’s report. </p><p>3AC co-founder Su Zhu also claimed that he and Kyle were not involved in daily administrative duties at OPNX despite ideating the original concept for the crypto claims exchange.&amp; </p><p>CEO Lamb also said that “at no point in time have UAE customers been able to open an account on OPNX”.</p><h2>Dubai’s Burgeoning Crypto-Hub Plans&amp; </h2><p>VARA’s regulatory move against OPNX comes as Dubai works to develop its jurisdiction as a <a href="https://en.ethereumworldnews.com/dubais-crypto-regulator-vara-to-make-its-metaverse-debut-in-the-sandbox-metaverse/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/dubais-crypto-regulator-vara-to-make-its-metaverse-debut-in-the-sandbox-metaverse/" rel="noreferrer noopener">global hub for crypto innovation </a>and digital asset businesses. Several crypto businesses like Binance and <a href="https://en.ethereumworldnews.com/kraken-crypto-license-uae/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/kraken-crypto-license-uae/" rel="noreferrer noopener">Kraken</a> have received regulatory nods from UAE watchdogs. </p><p>Apart from publishing a licensing regime through its crypto watchdog VARA, the Emirate state has also reportedly made joint efforts with other members of the UAE to exit the FATF’s “gray list”.&amp; </p><p>The Financial Action Task Force maintains a list of jurisdictions that supposedly need to beef up measures that combat money laundering and illicit wealth.</p>]]></description><link>https://m.coinsnews.com/dubai-regulator-blasts-3ac-bosses-over-crypto-claims-exchange-opnx</link><guid>577996</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Dubai-Regulator-Blasts-3AC-Bosses-Over-Crypto-Claims-Exchange-OPNX-770x514.jpg</dc:content ><dc:text>Dubai Regulator Blasts 3AC Bosses Over Crypto Claims Exchange OPNX</dc:text></item><item><title>Poloniex Agrees To Pay $7.6 Million To Settle Sanction Violation Charges</title><description><![CDATA[<img width="318" height="159" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Poloniex Agrees To Pay $7.6 Million To Settle Sanction Violation Charges 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.jpg 318w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-300x150.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images-269x135.jpg 269w" sizes="(max-width: 318px) 100vw, 318px" title="Poloniex Agrees To Pay $7.6 Million To Settle Sanction Violation Charges 23"><ul><li>Poloniex has agreed to pay $7.6 million as part of a settlement agreement with the U.S. Office of Foreign Assets Control.&amp; </li><li>The multi-million dollar fee will settle charges related to the alleged violation of multiple sanctions programs.</li><li>The crypto exchange was accused of 66,000 violations of multiple sanctions programs between 2014 and 2019.</li></ul><p>Crypto exchange Poloniex is set to shell out a significant chunk of cash after reaching a settlement agreement with the U.S. Department of Treasury. The California-based exchange has agreed to pay a whopping $7.59 million to the Office of Foreign Assets Control (OFAC) in order to settle allegations related to violation of <a href="https://en.ethereumworldnews.com/huobi-kucoin-russian-banks-evade-sacntion/">sanctions</a>. </p><h2><strong>Poloniex Accused Of Over 65,000 Violations In 5 Years</strong></h2><p>According to a <a href="https://ofac.treasury.gov/recent-actions/20230501_33" rel="nofollow noopener">press release</a> from the Department of Treasury’s OFAC, Poloniex has agreed to remit $7,591,630 to settle its potential civil liability for apparent violations of sanctions enforced by the agency against Crimea, Cuba, Iran, Sudan, and Syria. The agency alleged that between January 2014 and November 2019, Poloniex allowed customers from sanctioned jurisdictions to initiate transactions on its trading platform. These included trades, deposits, and withdrawals with a combined value exceeding $15 million. The agency highlighted the lapse by the exchange in enforcing appropriate KYC norms. </p><blockquote class="wp-block-quote"><p>This enforcement action, similar to other recent cases involving online digital asset companies, emphasizes the importance for new companies and those involved in emerging technologies to incorporate sanctions compliance into their business functions at the outset, especially when the companies seek to offer financial services to a global customer base.</p><cite>Office of Foreign Assets Control</cite></blockquote><p>OFAC acknowledged that while the alleged violations were not voluntarily self-disclosed they were non-egregious. OFAC agency stated that under its Economic Sanctions Enforcement Guidelines, the penalty imposed on the crypto exchange would be over $99 million and that the final settlement amount was indicative of the agency’s consideration of the general factors under the enforcement guidelines. The agency also took into consideration the fact that Poloniex was a small startup at the time of the alleged violations.&amp; </p>]]></description><link>https://m.coinsnews.com/poloniex-agrees-to-pay-76-million-to-settle-sanction-violation-charges</link><guid>577837</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/images.jpg</dc:content ><dc:text>Poloniex Agrees To Pay $7.6 Million To Settle Sanction Violation Charges</dc:text></item><item><title>Justin Sun Apologizes To Binance’s CZ For Farming $SUI Airdrop With 56 Million TUSD</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-770x513.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Justin Sun Apologizes To Binance’s CZ For Farming $SUI Airdrop With 56 Million TUSD 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-770x513.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-300x200.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-1024x683.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-500x333.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-1155x770.jpeg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-346x231.jpeg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-746x497.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-1131x754.jpeg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-269x179.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules.jpeg 1260w" sizes="(max-width: 770px) 100vw, 770px" title="Justin Sun Apologizes To Binance’s CZ For Farming $SUI Airdrop With 56 Million TUSD 23"><ul><li>Justin Sun transferred 56 million TUSD to Binance earlier today.&amp; </li><li>The transaction was flagged by the crypto community who accused Sun of farming today’s SUI airdrop.&amp; </li><li>Binance CEO Changpeng Zhao warned Sun against using the whale transfer to farm SUI by staking the TUSD.&amp; </li><li>The Tron founder has issued an apology to Zhao for the misunderstanding over the whale transaction.&amp; </li></ul><p>Tron founder Justin Sun has issued an apology to <a href="https://en.ethereumworldnews.com/binance-us-ends-1-billion-voyager-deal/">Binance</a> CEO Changpeng Zhao after getting called out for attempting to participate in the <a href="https://www.binance.com/en/support/announcement/introducing-sui-sui-on-binance-launchpool-farm-sui-by-staking-bnb-and-tusd-f76980d5d5e54d80b1348fd446e8f5d3" rel="nofollow noopener">Binance Launchpool</a> for SUI, the native token of the layer 1 blockchain Sui using a whale transaction.</p><h2><strong>Justin Sun Claims Whale Transaction Was To Stabilize TUSD</strong></h2><p>The controversy started earlier today after Justin Sun transferred 56 million TUSD to Binance. Whale watchers on Twitter flagged the transfer as a whale transaction, leading to considerable speculation among the crypto community. Crypto Twitter concluded that Sun was attempting to farm SUI’s airdrop by staking millions of TUSD, brewing further controversy. </p><p>Sun defended his actions by claiming that the transfer was part of Tron DAO Venture’s efforts as TUSD’s cooperative market maker to stabilize the price of the stablecoin. He clarified that the purpose was not to participate in Binance’s activities including the launchpool for SUI. </p><p>The Tron founder acknowledged that some of his colleagues had used part of the funds to participate in the launchpool and farm SUI tokens because they “did not understand the purpose of the funds.” This was followed by Binance CEO Changpeng Zhao <a href="https://twitter.com/cz_binance/status/1652949031524376579" rel="nofollow noopener">issuing</a> a public warning to Justin Sun regarding his participation in the airdrop. </p><blockquote class="wp-block-quote"><p>Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will &#8220;take action against it&#8221;. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.” </p><cite>Changpeng Zhao, Founder and CEO of Binance</cite></blockquote><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We sincerely apologize for this oversight <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" rel="nofollow noopener">@cz_binance</a>!</p>&mdash; H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1652955224032829440?ref_src=twsrc%5Etfw" rel="nofollow noopener">May 1, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>Justin Sun responded and stated that the TUSD deposit was meant for facilitating market-making between leading TUSD exchanges and not participating in the airdrop. However, he again acknowledged that some members of his team “inadvertently” used some of the funds to farm the SUI airdrop. “We sincerely apologize for this oversight,” Sun <a href="https://twitter.com/justinsuntron/status/1652955224032829440" rel="nofollow noopener">tweeted</a>.</p>]]></description><link>https://m.coinsnews.com/justin-sun-apologizes-to-binances-cz-for-farming-sui-airdrop-with-56-million-tusd</link><guid>577782</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Justin-Sun-offers-TRONs-help-in-creating-globally-unified-crypto-rules-770x513.jpeg</dc:content ><dc:text>Justin Sun Apologizes To Binance’s CZ For Farming $SUI Airdrop With 56 Million TUSD</dc:text></item><item><title>CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn.jpg 1406w" sizes="(max-width: 770px) 100vw, 770px" title="CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank 17"><ul><li>CoinMarketCap has teamed up with Hello Labs to produce a reality TV show called Killer Whales.&amp; </li><li>Killer Whales is inspired by the popular investing show Shark Tank where millionaires invest in startups.&amp; </li><li>The TV show will start accepting applications from crypto projects on May 2, 2023, and start filming in June.&amp; </li><li>Hello Labs’ HELLO token has gained more than 16% over the past 24 hours.&amp; </li></ul><p>CoinMarketCap, the crypto data aggregator site owned by the world’s largest crypto exchange, is venturing into the entertainment space with the launch of its very own reality TV show called Killer Whales. The show is inspired by Shark Tank, the popular investing show featuring billionaire investor Mark Cuban and former <a href="https://en.ethereumworldnews.com/?s=kevin">FTX</a> spokesperson Kevin O’Leary.</p><h2><strong>Altcoin Daily Will Co-Produce Killer Whales With CoinMarketCap</strong></h2><p>Dubbed the Shark Tank of crypto, Killer Whales will feature a panel of judges or “whales”, who will hear pitches from crypto entrepreneurs and decide if they wish to invest in them and provide mentorship. A recent update posted by Hello Labs on CoinMarketCap&#8217;s <a href="https://coinmarketcap.com/community/articles/644cf3db4bebb711c962723e" rel="nofollow noopener">blog</a> revealed that crypto influencer duo Aaron Arnold and Austin Arnold, better known as Altcoin Daily, will produce and star in the reality show. Other judges include Cordell Broadus, AKA Champ Medici.</p><p>Sander Gortjes, the CEO of Hello Labs, recently took to Twitter to announce that the hunt for Web3 projects to feature in Killer Whales will begin on May 2, 2023. Starting tomorrow, crypto projects and entrepreneurs will be able to apply to enter and stand a chance to win the show. Killer Whale will begin filming in June 2023.&amp; </p><blockquote class="wp-block-quote"><p>“2022 was not a great year for crypto’s reputation, dragged through the mud and branded as the wild west by the mainstream media. Killer Whales takes strides to rebuild trust and shine a light on the founders that are innovating.” </p><cite>Paul Caslin, Founder, HELLO Labs</cite></blockquote><p>To coincide with Killer Whale’s release, CoinMarketCap, and Hello Labs will also launch an exclusive Show Producer NFT collection. Holders of these NFTs will be able to influence key show decisions and be a part of the production. Hello Labs’ <a href="https://coinmarketcap.com/currencies/hello-labs/" rel="nofollow noopener">HELLO</a> token as much as 16% over the past 24 hours thanks to the hype around the upcoming crypto reality show. At the time of writing, HELLO was trading at $0.060, with a market capitalization of $32.2 million. </p>]]></description><link>https://m.coinsnews.com/coinmarketcap-to-launch-crypto-reality-show-inspired-by-shark-tank</link><guid>577783</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/Fu4Hzr9akAEYKOn-770x433.jpg</dc:content ><dc:text>CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank</dc:text></item><item><title>Gemini And Genesis Agree On Mediation Process To Reach A Final Resolution</title><description><![CDATA[<img width="728" height="350" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="Gemini And Genesis Agree On Mediation Process To Reach A Final Resolution 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD.jpeg 728w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD-300x144.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD-500x240.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD-269x129.jpeg 269w" sizes="(max-width: 728px) 100vw, 728px" title="Gemini And Genesis Agree On Mediation Process To Reach A Final Resolution 19"><ul><li>Gemini, Genesis, and the Digital Currency Group have agreed to start a 30-day mediation process.&amp; </li><li>The mediation process, which includes the Unsecured Creditors Committee, will see all parties work towards a final resolution.&amp; </li><li>The Winklevoss-owned crypto exchange has expressed its frustration with the slow pace of Genesis’ restructuring efforts.&amp; </li></ul><p>Crypto exchange <a href="https://en.ethereumworldnews.com/gemini-non-us-crypto-derivatives-platform/">Gemini</a> has come one step closer to recovering the funds stuck at Barry Silbert’s struggling crypto firm Genesis. Gemini has announced that it is set to enter a mediation period with Genesis, the Digital Currency Group (DCG), Genesis’ Unsecured Creditors Committee, and an ad hoc Creditor Committee led by the Winklevoss-owned crypto exchange. </p><p></p><h2><strong>Gemini Expresses Frustration With Genesis’ Restructuring Pace</strong></h2><p>Gemini took to <a href="https://twitter.com/Gemini/status/1652779387970899969" rel="nofollow noopener">Twitter</a> earlier today to give its customers an update regarding the situation with Genesis and associated debtors. According to the Twitter thread, the crypto exchange has reached an agreement with Genesis and the Digital Currency Group to start a 30-day mediation process in order to come up with a final resolution regarding the outstanding payment as soon as possible. The parties that will participate in the mediation process include the Unsecured Creditors Committee (UCC) and the ad hoc Creditors Committee led by Gemini. </p><p>Bankruptcy Judge Sean Lane is expected to issue an order directing the mediation as early as May 1, 2023. The mediation process will be focused on the economic contribution of DCG to Genesis’ bankruptcy estate in order to bring resolution to its bankruptcy plan and benefit all creditors, including the Earn users of Gemini. While the mediation provides for a 30-day period, all parties are expected to work expeditiously as soon as the mediation process begins, given the upcoming maturing of a $630 million loan owed to Genesis by its parent firm DCG.&amp; </p><blockquote class="wp-block-quote"><p>If DCG is unable to pay and/or restructure its debt, DCG risks defaulting on its obligations. So while the mediation is scheduled for up to 30 days, the parties are expected to work expeditiously towards agreement in the immediate window.”</p></blockquote><p>Gemini has clarified that it is supportive of the mediation process and looks forward to working with all parties to reach a resolution as soon as possible. The crypto exchange also expressed its frustration on record before Judge Lane regarding the pace of progress among the parties involved in Genesis’ restructuring efforts and emphasized the need for urgency.&amp; </p>]]></description><link>https://m.coinsnews.com/gemini-and-genesis-agree-on-mediation-process-to-reach-a-final-resolution</link><guid>577584</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/05/F40C3426-0961-4802-989F-28ADBC43B5AD.jpeg</dc:content ><dc:text>Gemini And Genesis Agree On Mediation Process To Reach A Final Resolution</dc:text></item><item><title>Crypto-Friendly Cross River Bank Is In The FDIC’s Crosshairs</title><description><![CDATA[<img width="700" height="401" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto-Friendly Cross River Bank Is In The FDIC’s Crosshairs 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL.jpg 700w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL-300x172.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL-500x286.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL-269x154.jpg 269w" sizes="(max-width: 700px) 100vw, 700px" title="Crypto-Friendly Cross River Bank Is In The FDIC’s Crosshairs 21"><ul><li>The Federal Deposit Insurance Corp has issued a consent order to Cross River Bank.&amp; </li><li>The order directed the crypto-friendly bank to take corrective action and address its unsafe banking practices.&amp; </li><li>The FDIC issued the order on March 8 but it was made public on Friday.&amp; </li></ul><p>The U.S. Federal Deposit Insurance Corporation (<a href="https://en.ethereumworldnews.com/silvergate-si-stock-down-11-with-u-s-fdic/">FDIC</a>) has reportedly issued a consent order to New Jersey-based Cross River Bank. The bank is widely regarded as a crypto-friendly institution that caters to several businesses operating in the crypto space including crypto exchange Coinbase and USD Coin issuer Circle. </p><h2><strong>Cross River Bank: Consent Order Will Have No Impact On Growth</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-04-28/cross-river-bank-receives-fdic-enforcement-order-over-lending" rel="nofollow noopener">Bloomberg</a>, the FDIC issued a cease and desist order to Cross River Bank over alleged “unsafe and unsound” banking practices related to fair-lending laws. The consent order was issued on March 8, 2023, but was made public on Friday. The FDIC alleged that the crypto-friendly bank failed to maintain internal controls, information systems, and prudent credit underwriting practices. A spokesperson for the bank clarified that the order was the result of a standard review and had nothing to do with its crypto-related business. </p><p>As per the order, Cross River Bank has agreed to address the concerns related to its practices and improve internal controls. However, the bank did not admit or deny any wrongdoing. A spokesperson for the bank stated that the order will have no “meaningful impact” on its growth. Several enhancements laid out by the FDIC in the order have already been completed by the bank. The bank’s board has agreed to increase supervision and oversight of controls and ensure that corrective actions are taken.&amp; </p><blockquote class="wp-block-quote"><p>Importantly, the order does not identify discriminatory practices or anything that would require Cross River to compensate consumers for harm. Further, it places no limitations on our extensive existing Fintech Partnerships or the credit products we presently offer in partnership with them.” </p><cite>Cross River Bank spokesperson.</cite></blockquote>]]></description><link>https://m.coinsnews.com/crypto-friendly-cross-river-bank-is-in-the-fdics-crosshairs</link><guid>577206</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/3bc7298e88c2b25019ddb18dad9562dc_XL.jpg</dc:content ><dc:text>Crypto-Friendly Cross River Bank Is In The FDIC’s Crosshairs</dc:text></item><item><title>SEC Issues Cease &amp; Desist Order To Coinme, Imposes $4 Million Fine</title><description><![CDATA[<img width="310" height="162" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/download.png" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Issues Cease &amp; Desist Order To Coinme, Imposes $4 Million Fine 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/download.png 310w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/download-300x157.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/download-269x141.png 269w" sizes="(max-width: 310px) 100vw, 310px" title="SEC Issues Cease &amp; Desist Order To Coinme, Imposes $4 Million Fine 20"><ul><li>The Securities and Exchange Commission has issued a cease and desist order to Coinme in relation to UpToken.</li><li>The securities regulator also imposed a fine of almost $4 million on the crypto firm and associated parties.&amp; </li><li>Coinme and Up Global were booked by the regulator for the unregistered and misleading offering of their UpToken.&amp; </li></ul><p>The U.S. Securities and Exchange Commission (<a href="https://en.ethereumworldnews.com/sec-sues-bittrex-violation-federal-laws/">SEC</a>) has imposed a multi-million dollar fine on the Seattle-based crypto giant Coinme and Up Global Inc. The fine settled an ongoing case related to the initial coin offering (ICO) of the crypto firm’s Ethereum-based UpToken back in 2017. </p><h2><strong>Coinme Fined For Unregistered ICO</strong></h2><p>According to an SEC <a href="https://www.sec.gov/litigation/admin/2023/33-11179.pdf" rel="nofollow noopener">document</a>, the cease and desist order was imposed as per the U.S. Securities Act and the Securities Exchange Act. The case dates back to 2017 when Coinme and its Up Global unit conducted a misleading ICO of their UpToken and raised more than $3.6 million. The funds were used by the crypto firm to expand its Bitcoin ATM network. The proceeds of the ICO were reportedly also for several other corporate purposes. </p><p>The SEC found that the UpToken issued by Coinme were sold as investment contracts and therefore securities as per the controversial Howey Test. The regulator cited the additional benefits that were made available to UpToken investors to strengthen its case against the firm. The firm was also accused of selling securities without registration and limiting the supply of its token to artificially inflate its demand. The firm’s Chief Executive Officer Neil Bergquist was also named in the complaint. </p><blockquote class="wp-block-quote"><p>An UpToken investor would have had a reasonable expectation of obtaining a future profit from the rise in value of UpToken based upon Respondents’ efforts.” </p><cite>U.S. Securities and Exchange Commission</cite></blockquote><p>Coinme reportedly submitted an offer of settlement in anticipation of enforcement actions from the securities regulator. As part of the settlement, a $3.52 million penalty was imposed on Up Global along with a $250,000 fine on Coinme. Ceo Neil Bergquist has also been ordered to pay a civil penalty of $150,000, bringing the total settlement to almost $4 million.&amp; </p>]]></description><link>https://m.coinsnews.com/sec-issues-cease-desist-order-to-coinme-imposes-4-million-fine</link><guid>577184</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/download.png</dc:content ><dc:text>SEC Issues Cease &amp; Desist Order To Coinme, Imposes $4 Million Fine</dc:text></item><item><title>Core Scientific’s Stock Hike 7% Following New Hosting Contracts Amid Bankruptcy</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Core Scientific&#039;s Stock Hike 7% Following New Hosting Contracts Amid Bankruptcy 16" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9.jpg 1104w" sizes="(max-width: 770px) 100vw, 770px" title="Core Scientific&#039;s Stock Hike 7% Following New Hosting Contracts Amid Bankruptcy 20"><ul><li>Crypto miner Core Scientific has signed a new hosting contract amid its bankruptcy proceedings.&amp; </li><li>The struggling miner has agreed to host nearly 18,000 BTC mining rigs from three firms.</li><li>The new contracts will bring the mining firm’s total mining rigs to over 220,000.&amp; </li></ul><p>The latest development in <a href="https://en.ethereumworldnews.com/core-scientific-nydig-settle-38-m-debt/">Core Scientific</a>’s bankruptcy case saw the struggling crypto miner sign a series of new hosting contracts to host thousands of bitcoin (BTC) mining rigs. The Texas-based crypto mining firm has negotiated three new hosting contracts to host nearly 18,000 BTC mining rigs.</p><h2><strong>Core Scientific Stock Surges 7% Following News Contract Signings</strong></h2><p>According to a <a href="https://www.businesswire.com/news/home/20230428005272/en/Core-Scientific-Signs-Hosting-Contracts-with-Three-Public-Companies-During-Reorganization-%E2%80%93-Maintains-Industry-Position-as-One-of-North-America%E2%80%99s-Largest-Bitcoin-Miners" rel="nofollow noopener">press release</a> by Core Scientific, the Bitcoin mining firm has signed new hosting contracts with three companies. It will host 6914 mining rigs for Greenidge Generation Holdings, 10,000 mining rigs for Ault Alliance, and 1021 mining rigs for LM Funding. The firm will host the mining units at its facilities in Georgia, Kentucky, and Texas. The new hosting contracts demonstrate its status quo as a leader in the Bitcoin mining industry despite being in the midst of Chapter 11 proceedings. </p><blockquote class="wp-block-quote"><p>The signing of these agreements are illustrative of Core Scientific’s industry leading hosting and mining capabilities and the strong demand for our services within our world class mining facilities.” </p><cite>Russell Cann, Head of Mining at Core Scientific. </cite></blockquote><p>The combined computing power of 17,935 units amounts to 1.88 exahashes per second and requires approximately 55 megawatts of data center rack space. As of now, 900 LM Funding units and 3,000 Ault Alliance units are already in operation and are actively hashing. An additional 121 LM Funding rigs will become operational by the end of April. By May, 7,000 Ault Alliance units and 6,914 Greenidge rigs will go online and begin hashing.</p><p>The new hosting contracts have had a considerable impact on Core Scientific’s share price (CORZQ). Its stock surged by nearly 7% following the news, reaching as high as $0.41 earlier today. The bankrupt mining firm’s stock was trading at $0.38 at the time of writing. Earlier this month the firm’s bankruptcy estate appointed investment banker Adam Sullivan as the firm’s new president. </p>]]></description><link>https://m.coinsnews.com/core-scientifics-stock-hike-7-following-new-hosting-contracts-amid-bankruptcy</link><guid>577135</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/9-770x513.jpg</dc:content ><dc:text>Core Scientific’s Stock Hike 7% Following New Hosting Contracts Amid Bankruptcy</dc:text></item><item><title>Tornado Cash Contributor Alex Pertsev Tweets 9 Months After His Arrest</title><description><![CDATA[<img width="400" height="400" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Tornado Cash" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest.jpg 400w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest-300x300.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest-100x100.jpg 100w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest-293x293.jpg 293w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest-269x269.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest-366x366.jpg 366w" sizes="(max-width: 400px) 100vw, 400px" title="Tornado Cash Contributor Alex Pertsev Tweets 9 Months After His Arrest 18"><p>Summary: </p><ul><li>Alex Pertsev published on Twitter for the first time in over nine months after Dutch authorities arrested him for facilitating money laundering through crypto mixer Tornado Cash.</li><li>Pertsev was released on home arrest last week pending an investigative hearing on May 24.</li><li>“Sorry I was afk for a while, what did I miss?”, he tweeted after spending months in prison in the Netherlands.</li></ul><p>Blockchain developer Alex Pertsev <a href="https://twitter.com/alex_pertsev/status/1651961639388815363?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/alex_pertsev/status/1651961639388815363?s=20" rel="noreferrer noopener nofollow">published</a> on Twitter for the first time in over nine months after Dutch authorities arrested him in August. </p><p>“Sorry I was afk for a while, what did I miss?”, Pertsev wrote today. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Sorry I was afk for a while, what did I miss? ????</p>&mdash; Alexey Pertsev (@alex_pertsev) <a href="https://twitter.com/alex_pertsev/status/1651961639388815363?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 28, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Tornado Cash Developer Arrested</h2><p>The Dutch financial crime authority (FIOD) issued arrest orders on the suspicion that Pertsev laundered more than 500,000 ETH through sanctioned crypto mixer Tornado Cash. At current prices, Dutch prosecutors claimed Pertsev laundered nearly a billion dollars in crypto, per details of his arrest in August 2020. </p><p>Pertsev remained in Dutch detention as a judge denied him bail on at least one occasion. Prosecutors argued that the Tornado Cash developer had access to caches of digital assets and posed a flight risk. The court was also told that Pertsev could destroy evidence if released. </p><h2>Pertsev Free On House Arrest Pending Trial</h2><p>Last week, a Dutch court ordered his <a href="https://en.ethereumworldnews.com/dutch-court-tornado-cash-alexey-pertsev/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/dutch-court-tornado-cash-alexey-pertsev/" rel="noreferrer noopener">release</a> until an investigative hearing scheduled for May 24. Pertsev will have to wear an ankle monitor and cannot leave the property. Dutch authorities also installed surveillance systems to keep an eye on Pertsev until the trial. </p><p>His lawyers said more effort will go into defense after a Dutch judge previously turned down motions for his early release. The arrest and delayed release was followed by criticism from the crypto community over whether open-source coding should attract criminal investigations.</p><h2>War On Crypto Mixers</h2><p>Global regulators have seemingly gone after crypto mixers that allow users to obfuscate the origin of their transactions. Apart from sanctions against Tornado Cash, law enforcement also seized $46 million from crypto tumbler ChipMixer.</p>]]></description><link>https://m.coinsnews.com/tornado-cash-contributor-alex-pertsev-tweets-9-months-after-his-arrest</link><guid>577087</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Tornado-Cash-Contributor-Alex-Pertsev-Tweets-9-Months-After-His-Arrest.jpg</dc:content ><dc:text>Tornado Cash Contributor Alex Pertsev Tweets 9 Months After His Arrest</dc:text></item><item><title>PayPal Announces New Venmo Crypto Transfer Feature Starting May 2023</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Venmo" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-1536x1024.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-2048x1365.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-1376x917.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="PayPal Announces New Venmo Crypto Transfer Feature Starting May 2023 20"><p>Summary: </p><ul><li>Venmo users in America will be able to send out crypto transactions to other users, on-chain wallets, and hardware wallets, PayPal&#8217;s digital currency general manager Jose Fernandez da Ponte said on Friday.</li><li>PayPal, which acquired Venmo in 2013, released a similar feature for its users last year around June.</li><li>Over 60 million users in America can expect the feature to roll out by May 2023, da Ponte noted today while speaking on a Consensus panel in Austin, Texas.</li></ul><p>Paypal, Venmo’s parent company, said on Friday at Consensus 2023, that cryptocurrency users will be able to make digital coin transfers to third-party wallets very soon. The four accepted cryptocurrencies on Venmo are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.</p><h2>PayPal Activates More Crypto Channels On Venmo</h2><p>According to the news <a href="https://www.coindesk.com/business/2023/04/28/paypal-to-enable-on-chain-transfers-from-venmo-accounts-including-to-on-chain-wallets/?utm_source=twitter&amp;utm_term=organic&amp;utm_medium=social&amp;utm_campaign=coindesk_main&amp;utm_content=editorial" data-type="URL" data-id="https://www.coindesk.com/business/2023/04/28/paypal-to-enable-on-chain-transfers-from-venmo-accounts-including-to-on-chain-wallets/?utm_source=twitter&amp;utm_term=organic&amp;utm_medium=social&amp;utm_campaign=coindesk_main&amp;utm_content=editorial" target="_blank" rel="noreferrer noopener nofollow">shared</a> today in Austin Texas, it will be available in the coming weeks starting in May 2023 and clients will be able to send cryptos to family and friends on the Venmo platform and other wallets in the crypto world.  A similar feature has been <a href="https://en.ethereumworldnews.com/paypal-embraces-crypto-transfers-with-other-wallets-due-to-customer-demand/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/paypal-embraces-crypto-transfers-with-other-wallets-due-to-customer-demand/" rel="noreferrer noopener">available on Paypal since June 2022</a>. </p><blockquote class="wp-block-quote"><p>No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn ad explore cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have.</p><cite>&#8211; Darrell Esch, SVP and GM of Venmo.</cite></blockquote><p>The statement issued by the company notes that external transfers will be subject to network fees. The decision to open this service to its more than 90 million users, comes at the same time the crypto industry is being strictly regulated in the US. PayPal <a href="https://en.ethereumworldnews.com/paypal-halts-stablecoin-crypto-crackdown/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/paypal-halts-stablecoin-crypto-crackdown/" rel="noreferrer noopener">halted</a> its stablecoin plans as the crackdown on crypto in America intensified. </p><p> PayPal also has an inclination for making crypto-related announcements at Consensus. </p>]]></description><link>https://m.coinsnews.com/paypal-announces-new-venmo-crypto-transfer-feature-starting-may-2023</link><guid>577088</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PayPal-Announces-New-Venmo-Crypto-Transfer-Feature-Starting-May-2023-770x513.jpg</dc:content ><dc:text>PayPal Announces New Venmo Crypto Transfer Feature Starting May 2023</dc:text></item><item><title>Binance Re-enters Japan Post-June 2023</title><description><![CDATA[<img width="770" height="513" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Binance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-300x200.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1024x683.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-500x333.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1155x770.jpg 1155w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-346x231.jpg 346w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-746x497.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-1131x754.jpg 1131w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-269x179.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Binance Re-enters Japan Post-June 2023 20"><p>Summary: </p><ul><li>Binance is set to restart operations in Japan&#8217;s crypto market after acquiring licensed trading venue Sakura in November 2022.</li><li>The Sakura Exchange BitCoin (SEBC) which currently supports 11 trading pairs will cut its services on May 31 and rebrand to &#8220;Binance Japan&#8221;.</li><li>Changpeng Zhao&#8217;s company will re-enter Japan five years after exiting the country due to regulatory pressure in 2018.</li></ul><p>Crypto&#8217;s largest centralized trading venue Binance is set to <a href="https://sebc.co.jp/23042801_notice/" target="_blank" data-type="URL" data-id="https://sebc.co.jp/23042801_notice/" rel="noreferrer noopener nofollow">resume</a> operations in Japan after acquiring a locally regulated Bitcoin exchange in November last year and exiting the country five years prior due to regulatory pressure. </p><p>News of the platform moving for a crypto license emerged earlier in September last year as previously <a href="https://en.ethereumworldnews.com/binance-crypto-license-japan/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-crypto-license-japan/" rel="noreferrer noopener">reported</a>.</p><h2>Exit Sakura, Enter Binance!</h2><p>Binance will reclaim a foothold in Japan&#8217;s crypto scene through its acquisition of the licensed platform Sakura Exchange BitCoin (SEBC). The deal happened in late 2022 as part of the company&#8217;s global expansion strategy. Per reports, Changpeng Zhao&#8217;s scooped up 100% equity in SEBC. </p><p>The purchase means that CZ&#8217;s company can now operate as a Japan Financial Services Agency (JFSA) regulated entity after June 2023, complying with the watchdog&#8217;s policies. First, SEBC will terminate its current services on May 31. </p><p>After that, Sakura will rebrand to Binance Japan. This will finalize the deal and cement the company&#8217;s <a href="https://en.ethereumworldnews.com/binance-returns-japan-sakura-exchange/" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-returns-japan-sakura-exchange/" target="_blank" rel="noreferrer noopener">re-entry</a> into the Japanese market. </p><p>SEBC CEO Hitomi Yamamoto expressed his delight regarding the deal and rebrand, saying that Binance’s strong compliance system would contribute to building a more compliant atmosphere for users in Japan and that the acquisition would assist users in gaining access to crypto services needed for mass adoption in the future. </p><p>SEBC offers brokerage and consultation services to its customers with support for 11 trading pairs. It&#8217;s unclear if the new platform will be allowed to list new tokens given Japan&#8217;s strict token listing rules. </p><p>Japan has a high regulatory bar for crypto exchanges. It requires the segregation of customer and exchange assets, with most exchange assets to be kept in cold wallets and customers&#8217; fiat to be kept by a Japanese trust company or bank trust. Listing tokens on exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association.</p><h2>Binance Global Expansion</h2><p>Binance has been on a mission to widen its global reach. Recently, has been able to secure an active license in France, Italy, <a href="https://en.ethereumworldnews.com/binance-wins-vasp-license-from-spains-central-bank/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-wins-vasp-license-from-spains-central-bank/" rel="noreferrer noopener">Spain</a>, Bahrain, Abu Dhabi, Dubai, New Zealand, Poland, Lithuania, and Cyprus. </p><p>Re-entry into Japan will mark the 12th nation where regulators have officially sanctioned operations for CZ&#8217;s company. </p>]]></description><link>https://m.coinsnews.com/binance-re-enters-japan-post-june-2023</link><guid>577024</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/10/Binance-Blows-Crypto-Exchange-Competitors-Away-With-55-Dominance-Over-Spot-Trading-Volume-770x513.jpg</dc:content ><dc:text>Binance Re-enters Japan Post-June 2023</dc:text></item><item><title>US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory</title><description><![CDATA[<img width="770" height="578" src="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-770x578.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="CFTC" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-770x578.jpeg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-300x225.jpeg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-1024x768.jpeg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-1536x1152.jpeg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-500x375.jpeg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-269x202.jpeg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-746x560.jpeg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-1376x1032.jpeg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022.jpeg 2016w" sizes="(max-width: 770px) 100vw, 770px" title="US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory 21"><p>Summary: </p><ul><li>South Africa-based Cornelius Johannes Steynberg was fined $3.4 billion for running an unregistered Bitcoin commodity pool operation, the CFTC announced in a Thursday statement.</li><li>Steynberg founded Mirror Trading International (MTI), a BTC pool operator that illegally accepted $1.7 billion from 23,000 U.S. citizens while operating out of SA.</li><li>The news marks the largest civil monetary penalty ever won in the history of the Commodities Futures Trading Commission, America&#8217;s commodities watchdog.</li></ul><p>The U.S. Commodities Futures Trading Commission was <a href="https://www.cftc.gov/PressRoom/PressReleases/8696-23" target="_blank" data-type="URL" data-id="https://www.cftc.gov/PressRoom/PressReleases/8696-23" rel="noreferrer noopener nofollow">awarded</a> $3.4 billion in penalties in a case against South African-based bitcoin operator Mirror Trading International (MTI) and its founder Cornelius Johannes Steynberg, a U.S. court ruled. </p><p>CFTC prosecutors first slammed MTI and founder Steynberg with fraud allegations in June 2022 amid multiple failures in the broader crypto industry. Before, Steynberg had been arrested in Brazil a year prior and detained since last 2021. The MTI founder is also a fugitive wanted by authorities in his home country South Africa.</p><p>The commodities regulator alleged that Steynberg used MTI to collect 29,421 BTC from 23,000 without registering with any watchdog in the U.S. At the time, the sum was valued at a massive $1.7 billion. </p><p>According to the U.S. court ruling, Steynberg&#8217;s MTI is liable for retail forex fraud. The founder himself was found guilty of fraud and failing to align his company with commodity pool operator (CPO) rules. </p><figure class="wp-block-image size-full"><img width="890" height="517" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26.png" alt="US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory 13" class="wp-image-581960" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26.png 890w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26-300x174.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26-770x447.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26-269x156.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-28_15-03-26-746x433.png 746w" sizes="(max-width: 890px) 100vw, 890px" title="US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory 20"><figcaption><strong><a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/BTCUSDT/" rel="noreferrer noopener">BTC/USDT by TradingView</a></strong></figcaption></figure><h2>CFTC Crypto Crackdown</h2><p>The ruling marks the biggest civil monetary penalty ever won by the CFTC in its history. Also, the news comes amid a supposed joint operation among U.S. regulators geared towards cracking down on unregistered crypto businesses in the country. </p><p>In February this year, CFTC Chairman Rostin Benham <a href="https://en.ethereumworldnews.com/cftc-chair-crypto-enforcement-this-year/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-chair-crypto-enforcement-this-year/" rel="noreferrer noopener">warned the crypto industry to expect more enforcement actions</a> as digital asset stakeholders agitated for clearer crypto rules. </p><p><a href="https://en.ethereumworldnews.com/binance-busd-500-million-outflow-lawsuit/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-busd-500-million-outflow-lawsuit/" rel="noreferrer noopener">Binance</a>, <a href="https://en.ethereumworldnews.com/coinbase-ordered-to-pay-6-5m-by-the-cftc-for-wash-trading/" data-type="URL" data-id="https://en.ethereumworldnews.com/coinbase-ordered-to-pay-6-5m-by-the-cftc-for-wash-trading/" target="_blank" rel="noreferrer noopener">Coinbase</a>, and <a href="https://en.ethereumworldnews.com/cftc-alameda-ftx-client-funds-insolvency/" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-alameda-ftx-client-funds-insolvency/" target="_blank" rel="noreferrer noopener">FTX</a> are some crypto businesses under the CFTC&#8217;s regulatory spotlight. The regulator also <a href="https://en.ethereumworldnews.com/cftc-adds-34-crypto-entities-red-list/" data-type="URL" data-id="https://en.ethereumworldnews.com/cftc-adds-34-crypto-entities-red-list/" target="_blank" rel="noreferrer noopener">added</a> some 34 digital asset operators to its &#8220;Red List&#8221;. </p>]]></description><link>https://m.coinsnews.com/us-cftc-penalizes-bitcoin-pool-operator-34-billion-in-largest-civil-fraud-victory</link><guid>577025</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2022/12/CFTC-Alameda-Used-FTX-Customer-Funds-To-Stave-Off-Insolvency-In-May-June-2022-770x578.jpeg</dc:content ><dc:text>US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory</dc:text></item><item><title>FBI Raids Former FTX Executive Ryan Salame’s Residence</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-770x433.webp" class="webfeedsFeaturedVisual wp-post-image" alt="FBI Raids Former FTX Executive Ryan Salame’s Residence 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-770x433.webp 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-300x169.webp 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-1024x576.webp 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-1536x864.webp 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-2048x1152.webp 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-500x281.webp 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-269x151.webp 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-746x420.webp 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-1376x774.webp 1376w" sizes="(max-width: 770px) 100vw, 770px" title="FBI Raids Former FTX Executive Ryan Salame’s Residence 19"><ul><li>The FBI has reportedly carried out a search at the residence of former FTX executive Ryan Salame. </li><li>The purpose of the raid is unclear at this time. </li><li>Salame was a part of Sam Bankman-Fried’s inner circle during his stint at the bankrupt exchange. </li><li>The former executive has not been charged or accused of a crime in relation to the collapse of FTX. </li></ul><p>The Federal Bureau of Investigation (FBI) has reportedly carried out a raid at the residence of former FTX executive Ryan Salame. Salame was a part of <a href="https://en.ethereumworldnews.com/sam-bankman-fried-lost-50-million-joked/">Sam Bankman-Fried</a>’s inner circle and served as one of his top advisors before the collapse of his crypto exchange in November last year. The raid has become the latest development in the U.S. Justice Department’s investigation into FTX’s collapse.</p><p></p><h2>Purpose Of Raid At Former FTX Exec’s Home Unclear</h2><p>According to a report by the <a href="https://www.nytimes.com/2023/04/27/technology/ftx-ryan-salame-sam-bankman-fried.html" rel="nofollow noopener">New York Times</a>, FBI agents reached Salame’s house in Potomac, Maryland earlier today to carry out a search. People familiar with the matter revealed that Salame&#8217;s legal representative had handed over information related to his political campaign finance activity ahead of today&#8217;s raid. The purpose of the raid is unclear at this time. Salame, who served as Co-Chief Executive Officer of FTX Digital Markets, has not yet been charged or accused of any wrongdoing, unlike other former executives like Caroline Ellison and Gary Wang who were charged in connection with the collapse of Sam Bankman-Fried’s crypto empire. </p><p>Ryan Salame came under scrutiny last year after his firm filed for bankruptcy. Regulators and lawmakers paid particular attention to the millions of dollars he spent on political contributions during his stint at the crypto exchange. Salame reportedly spent more than $24 million during last year’s midterm elections. The majority of these funds were contributed to Republican candidates, unlike Bankman-Fried who spent well over $50 million to back Democratic candidates and PACs. Prosecutors have claimed the funds for these political contributions were misappropriated from customers of the crypto exchange.&amp; </p>]]></description><link>https://m.coinsnews.com/fbi-raids-former-ftx-executive-ryan-salames-residence</link><guid>576825</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/b98ec965-eb94-4d3d-b00a-b20b7eccfcbf-FBIraid_102721_ES02-770x433.webp</dc:content ><dc:text>FBI Raids Former FTX Executive Ryan Salame’s Residence</dc:text></item><item><title>Coinbase Responds To SEC’s Wells Notice, Rejects Rule Breaking Allegation</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Responds To SEC’s Wells Notice, Rejects Rule Breaking Allegation 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-1536x864.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-746x420.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-1376x774.jpg 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo.jpg 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Coinbase Responds To SEC’s Wells Notice, Rejects Rule Breaking Allegation 21"><ul><li>Coinbase has formally responded to the Wells Notice issued by the SEC last month.&amp; </li><li>CEO Brian Armstrong has urged the regulator to not choose litigation and find a path forward through dialogue.&amp; </li><li>Chief Legal Officer Paul Grewal categorically rejected the allegations made by the SEC regarding breach of securities laws.&amp; </li><li>The exchange is willing to defend itself vigorously in court if the SEC chooses to litigate.&amp; </li></ul><p>Coinbase has formally responded to the <a href="https://en.ethereumworldnews.com/coinbase-stock-drops-11-wells-notice-sec/">Wells notice</a> issued by the U.S. Securities and Exchange Commission (SEC). Brian Armstrong, the chief executive of the American crypto giant, has urged the securities regulator to work together to find a path forward through dialogue instead of choosing to litigate. Chief Legal Officer Paul Grewal reiterated that the crypto exchange does not list securities. </p><h2><strong>Coinbase Will Defend Itself Vigorously In Litigation</strong></h2><p>Coinbase submitted its <a href="https://www.coinbase.com/blog/coinbase-responds-to-the-secs-wells-notice" rel="nofollow noopener">response</a> to the SEC in the form of a video and a 73-page <a href="https://assets.ctfassets.net/c5bd0wqjc7v0/2pW56ln6rPJ7koLHlu2L8G/5041e0166c408698b621fde543539d76/2023-04-19_Coinbase_Wells_Submission.pdf" rel="nofollow noopener">document</a>. The Wells notice was issued by the regulator to allow the exchange to offer its explanation for the allegations of securities law violations. In the response, Chief Legal Officer Paul Grewal categorically rejected the allegations made by the regulator. He also stressed on the fact that the exchange’s fundamental business hadn’t changed since 2021 when the SEC reviewed it before allowing the company to become publicly listed. </p><p>Grewal also questioned the basis on which the securities regulator asserted jurisdiction over the crypto exchange, given that SEC Chair Gary Gensler himself testified in 2021 that his agency did not have regulatory authority over crypto exchanges. The Chief Legal Officer highlighted that since Congress had introduced no new legislation between the testimony and the Wells notice, there was no basis for the SEC to claim jurisdiction and charge Coinbase.&amp; </p><blockquote class="wp-block-quote"><p>A Wells notice to the company at this stage is not constructive and its not in America’s interest. There are many aspects of the current rules which are not clear for operating a crypto business in the U.S.” </p><cite>Brian Armstrong, CEO of Coinbase. </cite></blockquote><p>Both executives made it clear that the company is prepared to defend itself vigorously in court if the SEC chooses to go the litigation path. CEO Brian Armstrong warned that litigation would put the agency’s own actions on trial. The executives agreed that the constructive solution would be to address all regulatory concerns through dialogue in order to find a path forward.&amp; </p>]]></description><link>https://m.coinsnews.com/coinbase-responds-to-secs-wells-notice-rejects-rule-breaking-allegation</link><guid>576826</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/03/106868176-1618411319630-106868176-16184112292021-04-14t143834z_1561353557_rc2qvm91n6cr_rtrmadp_0_coinbase-ipo-770x433.jpg</dc:content ><dc:text>Coinbase Responds To SEC’s Wells Notice, Rejects Rule Breaking Allegation</dc:text></item><item><title>Crypto Phishers Lift $4 Million From Unsuspecting Users’ Pockets Using Google Ads</title><description><![CDATA[<img width="620" height="375" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Crypto Phishers" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads.jpg 620w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads-300x181.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads-500x302.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads-269x163.jpg 269w" sizes="(max-width: 620px) 100vw, 620px" title="Crypto Phishers Lift $4 Million From Unsuspecting Users&#039; Pockets Using Google Ads 21"><p>Summary: </p><ul><li>Ad data and on-chain analytics show that crypto phishers use websites promoted on Google to steal value for unsuspecting users.</li><li>A report from analytics firm ScamSniffer said over $4 million has been stolen from more than 3000 victims, with phishing URLs more rampant in recent weeks from advertisers in Canada and Ukraine.</li><li>The firm followed the money to wallets on trading venues like Binance and Kucoin.</li><li>These scammers also leverage crypto tumblers like sanctioned Ethereum-based service Tornado Cash.</li></ul><p>Crypto criminals have <a href="https://twitter.com/realScamSniffer/status/1651452380385509377?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/realScamSniffer/status/1651452380385509377?s=20" rel="noreferrer noopener nofollow">stolen</a> over $4 million in crypto funds from users that have fallen victim to phishing sites promoted through Google ads following a recent surge in crypto phishing efforts.</p><p>The metadata analysis of the phishing websites in question has been linked to advertisers in Ukraine and Canada. Also, more than 3000 users have been targeted by these crypto phishers, a report from on-chain analytics outfit ScamSniffer said on Thursday. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ ???? A recent surge in phishing scams via Google search ads has led to users losing approximately $4 million.<br>ScamSniffer has investigated multiple cases where users clicked on malicious ads and were directed to fraudulent websites.<a href="https://twitter.com/hashtag/PhishingScams?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#PhishingScams</a> <a href="https://twitter.com/hashtag/GoogleAds?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#GoogleAds</a> <a href="https://t.co/vuKCgSuFnV" rel="nofollow">pic.twitter.com/vuKCgSuFnV</a></p>&mdash; Scam Sniffer (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1651452380385509377?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><p>These scammers use various techniques like manipulating Google click ID parameters, allowing the attackers to show a normal webpage during Google&#8217;s standard ad review. The crypto phishers also leverage anti-debugging techniques which redirect users with developer tools to a normal website, enabling the scammers to bypass user security and system firewalls. </p><p>ScamSniffer&#8217;s report noted that crypto phishers are able to access sensitive user information with these phishing links and use these credentials to compromise digital wallets. </p><h2>Crypto Phishers Make A Killing From Scamming DeFi Users</h2><p>Google keyword data showed that scammers have targetted users interested in DeFi protocols and services like DeFi Llama, Lido Finance, Orbiter Finance, Radiant, and Zapper to name a few. These keywords topped the search list for malicious ads. </p><p>The cost of promoting crypto-related phishing websites is lucrative since the average cost per click for associated keywords is between $1 to $2, ScamSniffer&#8217;s report said. Crypto phishers made more than 260% in ROI while spending as much as $15,000 promoting these phishing links. </p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">4/ ????️ Malicious ads employ several techniques to bypass Google&#39;s ad review process, including parameter distinction and debugging prevention. <br>These tactics allow them to deceive Google&#39;s ad review process and cause significant harm to users. <a href="https://twitter.com/hashtag/AdReview?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#AdReview</a> <a href="https://twitter.com/hashtag/Bypass?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#Bypass</a> <a href="https://t.co/Mkpz2Uqeue" rel="nofollow">pic.twitter.com/Mkpz2Uqeue</a></p>&mdash; Scam Sniffer (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1651452390007275520?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 27, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>Web 2 Platforms Leveraged For Web 3 Theft</h2><p>This is not the first time crypto criminals have used Web 2 tools and services to steal funds from Web 3 users. In 2020, crypto phishers <a href="https://www.forbes.com/sites/cryptoconfidential/2020/07/19/massive-twitter-hack-attempts-bitcoin-scam-does-defi-make-ether-a-better-bet/" target="_blank" data-type="URL" data-id="https://www.forbes.com/sites/cryptoconfidential/2020/07/19/massive-twitter-hack-attempts-bitcoin-scam-does-defi-make-ether-a-better-bet/" rel="noreferrer noopener">hijacked</a> the Twitter accounts of several prominent personalities including Elon Musk, the billionaire who now owns the popular bird arm. </p><p>Verified accounts like Musk&#8217;s tweeted out phishing links asking users to claim free crypto tokens. Reports said that users lost unconfirmed amounts in Bitcoin (BTC). </p><p>Last month, the Twitter account of Circle CSO Dante Disparte <a href="https://en.ethereumworldnews.com/circles-cso-disparte-hacked-twitter-usdc/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/circles-cso-disparte-hacked-twitter-usdc/" rel="noreferrer noopener">published</a> a phishing link with a fake USDC airdrop. The case highlighted again, how cybercriminals use Web 2 platforms to perpetrate Web 3 theft. </p>]]></description><link>https://m.coinsnews.com/crypto-phishers-lift-4-million-from-unsuspecting-users-pockets-using-google-ads</link><guid>576720</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Crypto-Phishers-Lift-4-Million-From-Unsuspecting-Users-Pockets-Using-Google-Ads.jpg</dc:content ><dc:text>Crypto Phishers Lift $4 Million From Unsuspecting Users’ Pockets Using Google Ads</dc:text></item><item><title>Belgium’s First And Only Crypto Lender Bit4you Is Suspending Its Activities</title><description><![CDATA[<img width="770" height="432" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-770x432.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Belgium’s First And Only Crypto Lender Bit4you Is Suspending Its Activities 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-770x432.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-300x168.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-500x280.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-746x418.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c.jpg 815w" sizes="(max-width: 770px) 100vw, 770px" title="Belgium’s First And Only Crypto Lender Bit4you Is Suspending Its Activities 21"><ul><li>Bit4you has announced the suspension of its activities following the insolvency of a major service provider.&amp; </li><li>The Brussels-based firm was Belgium’s first and only crypto lending platform.&amp; </li><li>The insolvent service provider held more than $8 million worth of crypto assets for the lender.&amp; </li></ul><p>Belgian crypto <a href="https://en.ethereumworldnews.com/maple-finance-us-treasury-management-pool/">lender</a> Bit4you has announced the suspension of all activities on its platform. The Brussels-based crypto lender’s decision came after one of its main service providers, CoinLoan, was declared insolvent earlier this week. Bit4you is the first and only crypto lending platform in Belgium. </p><h2><strong>CoinLoan Holds $8 Million Of Bit4you&#8217;s Crypto Assets</strong></h2><p>According to a <a href="https://bit4you.medium.com/en-suspension-of-activities-b0cd3ef54587" rel="nofollow noopener">press release</a> from Bit4you, CoinLoan no longer has a registration to operate as a custodian of virtual currencies. A court in Estonia reportedly declared the service provider insolvent earlier this week. Bit4you stated that the decision to suspend activities on its platform was in the interest of its customers. The platform is reportedly taking all necessary steps to protect clients’ crypto assets. </p><p>CoinLoan paused all operations, including withdrawals, on its platform following a Notice of restraint on disposition from the court on April 24, 2023. The firm recently published a message which stated that its legal team had made available sufficient documents to CoinLoan’s ability to fulfill its obligations. However, the court has appointed an interim trustee, which will independently verify the firm’s financials. To that end, any obligation to Bit4you may take “several business days” to get approval from the Trustee. </p><blockquote class="wp-block-quote"><p>“We understand that this situation may cause concern, but we want to assure you that we are doing our utmost to resolve this situation diligently and to protect the interests of our clients.”</p></blockquote><p>As per a list published by Bit4you, CoinLoan held crypto assets worth over $8 million belonging to the Belgian crypto lender at the time of its solvency. These include 145 BTC, 1097 ETH, 501 BNB, 279 XMR, 638,630 ADA, and 4822 LINK, among several other cryptocurrencies. The crypto lender stated that there was no indication that these assets will not be recovered.&amp; </p>]]></description><link>https://m.coinsnews.com/belgiums-first-and-only-crypto-lender-bit4you-is-suspending-its-activities</link><guid>576721</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/ab6df7aed64cd529ada0e1c25f6992f4a05ea8c45c90f767de87e887ba486c6c-770x432.jpg</dc:content ><dc:text>Belgium’s First And Only Crypto Lender Bit4you Is Suspending Its Activities</dc:text></item><item><title>PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-770x433.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="PancakeSwap" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-770x433.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-300x169.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-1024x576.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-500x281.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-269x151.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-746x419.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions.jpg 1140w" sizes="(max-width: 770px) 100vw, 770px" title="PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions 23"><p>Summary: </p><ul><li>CAKE token declined on the week as the PancakeSwap community voted for an &#8220;aggressive reduction&#8221; in staking rewards.</li><li>The DAO proposed slashing the number of tokens stakers earn as interest for locking up their coins.</li><li>If passed, the reworked tokenomics would drastically reduce CAKE&#8217;s current unsustainable inflation rate and stem the token&#8217;s emission rate.</li><li>Stakers have unlocked over 400 million CAKE since the DAO floated the proposal while 70% of the community backs the move.</li></ul><p>On the weekly chart, PancakeSwap&#8217;s native asset CAKE declined by over 20%. The dip in CAKE&#8217;s price coincides with an exodus of staked tokens and a community vote to tweak tokenomics. </p><p>The community that governs <a href="https://en.ethereumworldnews.com/binance-labs-invests-pancakeswap-token/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/binance-labs-invests-pancakeswap-token/" rel="noreferrer noopener">PancakeSwap</a>, a major decentralized trading venue that runs atop Binance&#8217;s BNB Chain, is considering a proposal to reduce staking rewards by slashing CAKE block emissions. </p><figure class="wp-block-image size-full"><img width="890" height="517" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16.png" alt="PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions 10" class="wp-image-581932" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16.png 890w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16-300x174.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16-770x447.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16-269x156.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/CAKEUSDT_2023-04-27_15-57-16-746x433.png 746w" sizes="(max-width: 890px) 100vw, 890px" title="PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions 21"><figcaption><strong><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" data-type="URL" data-id="https://www.tradingview.com/symbols/CAKEUSDT/" rel="noreferrer noopener">CAKE/USDT by TradingView</a></strong></figcaption></figure><h2>PancakeSwap Team To Cut Emissions By Over 90%</h2><p>Core developers <a href="https://pancakeswap.finance/voting/proposal/0x707643dd2c2b941c7274f26a0362922198912e8549050ae9f2d1d9d71ada04bb" target="_blank" data-type="URL" data-id="https://pancakeswap.finance/voting/proposal/0x707643dd2c2b941c7274f26a0362922198912e8549050ae9f2d1d9d71ada04bb" rel="noreferrer noopener nofollow">published</a> a proposal to this effect and voting kicked off earlier this week, although members of the protocols DAO started debating the proposal since early April. The proposal aims to cut down CAKE&#8217;s interest to around 3-5%. The current rate above 20% was deemed &#8220;unsustainable&#8221; by some community members. </p><p>To achieve this, the core team will change CAKE emissions from 6.65 CAKE per block to 3 CAKE per block if the proposal is voted for. 70% of community members already voted in favor of this &#8220;aggressive reduction&#8221;. Emissions refer to the rate new crypto coins are released or added to the total supply. </p><p>The first emission reduction will be immediate. Afterward, developers will slash token emissions by 0.5 CAKE per month. This reduction will happen every month for five months till emissions occur at a 0.35 CAKE per month rate. </p><p>If passed, the team will implement a token emission slash of over 90%. The CAKE Tokenomics v2.5 proposal would essentially take PancakeSwap&#8217;s token into a deflationary supply. Almost 20% of the community voted against the proposal. </p><p>An alternative option to gradually reduce emissions received support from 10% of the voters. </p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="361" height="394" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Screenshot-126.png" alt="PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions 11" class="wp-image-581931" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Screenshot-126.png 361w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Screenshot-126-275x300.png 275w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Screenshot-126-269x294.png 269w" sizes="(max-width: 361px) 100vw, 361px" title="PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions 22"><figcaption><strong>CAKE DAO Voting On Tokenomics v2.5 Proposal</strong></figcaption></figure></div>]]></description><link>https://m.coinsnews.com/pancakeswap-token-down-6-as-dao-votes-to-cut-cake-emissions</link><guid>576722</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/PancakeSwap-Token-Down-6-As-DAO-Votes-To-Cut-CAKE-Emissions-770x433.jpg</dc:content ><dc:text>PancakeSwap Token Down 6% As DAO Votes To Cut CAKE Emissions</dc:text></item><item><title>Celsius Creditors Want To Subpoena FTX Over Suspicious CEL Trades</title><description><![CDATA[<img width="770" height="462" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-770x462.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Celsius Creditors Want To Subpoena FTX Over Suspicious CEL Trades 11" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-770x462.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-300x180.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-1024x614.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-500x300.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-269x161.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-746x448.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy.jpg 1200w" sizes="(max-width: 770px) 100vw, 770px" title="Celsius Creditors Want To Subpoena FTX Over Suspicious CEL Trades 23"><ul><li>Celsius’ creditors are seeking a judge’s help to get info on FTX users involved in a series of suspicious trades.&amp; </li><li>The Unsecured Creditors Committee believes that the trades manipulated the price of the CEL token.&amp; </li><li>The creditors want to subpoena FTX to demand information related to the users behind the wallets that executed the suspicious trades.&amp; </li></ul><p>The Celsius Official Committee of Unsecured Creditors is seeking the help of a New York bankruptcy judge to get information related to a series of suspicious trades made by <a href="https://en.ethereumworldnews.com/ftx-announces-ledgerx-sale-for-50-million/">FTX</a> users last year. The creditors believe that the trades manipulated the price of the bankrupt crypto lender’s native token CEL. </p><h2><strong>Celsius Creditors Want Info On FTX Users</strong></h2><p>According to a report by <a href="https://www.bloomberg.com/news/articles/2023-04-26/celsius-creditors-seek-to-unmask-suspicious-ftx-crypto-trades#xj4y7vzkg?leadSource=uverify%20wall" rel="nofollow noopener">Bloomberg</a>, the latest bankruptcy hearing of Celsius saw its creditor committee enter an application in the U.S. Bankruptcy Court for the Southern District of New York, seeking permission to issue subpoenas to FTX, the Bahamas-based crypto exchange which collapsed in November last year. As per the <a href="https://cases.stretto.com/public/x191/11749/PLEADINGS/1174904262380000000129.pdf" rel="nofollow noopener">court filing</a>, the subpoenas are to get information about the FTX users who made suspicious trades last year. </p><p>The defunct lender’s creditors stated in court that ten crypto wallets belonging to said FTX users executed a series of suspicious CEL trades between April and August last year, which led to a considerable fluctuation in the token’s price. The trades carry significant value for Celsius’ bankruptcy case because some of them were made between the date on which the platform’s withdrawals were paused and the date when the lender filed for Chapter 11 bankruptcy. </p><blockquote class="wp-block-quote"><p>The Subpoenas request information on the identities and user accounts of the entities or individuals associated with the Identified FTX Wallets associated with all short positions with respect to CEL Tokens on the FTX Exchange from April 1, 2022, to August 30, 2022.” </p><cite>Court filing by Celsius Creditors Committee</cite></blockquote><p>The trades bring under question the fair market value of the CEL token on bankruptcy day. The current bankruptcy plan by the company valued CEL at 20 cents on the petition date. The creditors have disputed the value of CEL, citing the suspicious trades that may have manipulated the token’s price. </p>]]></description><link>https://m.coinsnews.com/celsius-creditors-want-to-subpoena-ftx-over-suspicious-cel-trades</link><guid>576511</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Celsius-bankruptcy-770x462.jpg</dc:content ><dc:text>Celsius Creditors Want To Subpoena FTX Over Suspicious CEL Trades</dc:text></item><item><title>Polygon Now Supports Franklin Templeton’s OnChain U.S. Govt Fund</title><description><![CDATA[<img width="770" height="433" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-770x433.png" class="webfeedsFeaturedVisual wp-post-image" alt="Polygon Now Supports Franklin Templeton’s OnChain U.S. Govt Fund 13" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-770x433.png 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-300x169.png 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-1024x576.png 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-1536x864.png 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-500x281.png 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-269x151.png 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-746x420.png 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-1376x774.png 1376w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1.png 1600w" sizes="(max-width: 770px) 100vw, 770px" title="Polygon Now Supports Franklin Templeton’s OnChain U.S. Govt Fund 21"><ul><li>Franklin Templeton has expanded its OnChain U.S. Government Fund On Polygon.&amp; </li><li>The expansion is part of the investment firm’s effort to increase operational efficiency through blockchain-integrated systems.&amp; </li><li>The fund’s debut on Polygon will help it tap into the Ethereum ecosystem and bring more value for investors.&amp; </li><li>The money market fund was first launched on the Stellar blockchain in 2022.&amp; </li></ul><p>Franklin Templeton has launched its OnChain U.S. Government Money Market Fund (FOBXX) on <a href="https://en.ethereumworldnews.com/uniswap-launch-v3-polygon-zkevm/">Polygon</a>, arguably the most popular Ethereum scaling solution. The New York-based investment giant, which boasts a whopping $1.4 trillion in assets under management (AUM), announced earlier today that its OnChain market fund was supported on Ethereum via Polygon. </p><h2><strong>Franklin Templeton May Extend To Networks Beyond Polygon</strong></h2><p>In a <a href="https://www.businesswire.com/news/home/20230426005743/en/Franklin-Templeton-Money-Market-Fund-Launches-on-Polygon-Blockchain" rel="nofollow noopener">press release</a> earlier today, Franklin Templeton described Polygon as a Layer 2 (L2) blockchain with a proven track record which will help it further the distribution of its OnChain money market fund. The expansion is part of the investment firm’s efforts to increase its operational efficiency through blockchain-integrated systems. The aim is to bring more value for the fund’s shareholders by enhancing security, reducing costs, and enabling faster transaction processing. </p><blockquote class="wp-block-quote"><p>Extending the reach of the Franklin OnChain U.S. Government Money Fund to Polygon enables the Fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereum-based blockchain.” </p><cite>Roger Bayston, Head of Digital Assets at Franklin Templeton.</cite></blockquote><p>Going live on Polygon will help Franklin Templeton tap into the Ethereum ecosystem which gives access to a $260 billion market. The fund’s first blockchain debut came in 2021 when it was launched on the Stellar network. The OnChain U.S. Government Money Market Fund is the first U.S.-registered mutual fund to use a public blockchain to process transactions and record share ownership.&amp; </p><p>One share of the fund is represented by one BENJI token. BENJI token holders can gain exposure to the money market fund in digital wallets using the Benji investments application. Meanwhile, Franklin Templeton CEO Jenny Johnson believes that the future of the crypto industry will be regulated and that industry players need to accept it. Her comments came during the Consensus Festival earlier today.&amp; </p>]]></description><link>https://m.coinsnews.com/polygon-now-supports-franklin-templetons-onchain-us-govt-fund</link><guid>576469</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/64487a416f05eb3482fc194c_Polygon-QR3-Blog-Cover-1-770x433.png</dc:content ><dc:text>Polygon Now Supports Franklin Templeton’s OnChain U.S. Govt Fund</dc:text></item><item><title>Bittrex Global Plans To Fight The SEC’s Charges In Court</title><description><![CDATA[<img width="770" height="428" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-770x428.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Bittrex Global Plans To Fight The SEC’s Charges In Court 15" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-770x428.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-300x167.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-500x278.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-269x149.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-746x414.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM.jpg 900w" sizes="(max-width: 770px) 100vw, 770px" title="Bittrex Global Plans To Fight The SEC’s Charges In Court 23"><ul><li>The CEO of Bittrex Global has revealed his company’s plans to fight the charges filed by the U.S. SEC. </li><li>CEO Oliver Linch believes that the securities regulator is mistaken in charging the crypto exchange with the violation of securities laws.</li><li>Linch has maintained that his company never served any customers in the United States.  </li></ul><p>The latest crypto firm <a href="https://en.ethereumworldnews.com/sec-sues-bittrex-violation-federal-laws/">sued</a> by the U.S. Securities and Exchange Commission (SEC) is reportedly planning to fight back in court. Oliver Linch, the Chief Executive of Bittrex Global, has stated his company’s plans to fight against the allegations leveled by the securities regulator last month. </p><h2><strong>Bittrex CEO: The SEC Is Mistaken</strong></h2><p>In a recent interview with <a href="https://www.coindesk.com/policy/2023/04/26/bittrex-global-ceo-says-firm-will-fight-sec-charges-did-not-serve-us-customers/" rel="nofollow noopener">CoinDesk</a>, Bittrex CEO Oliver Linch revealed that his company plans to vigorously defend against the charges brought by the SEC. According to Linch, the securities regulator is mistaken in its decision to charge Bittrex, its former CEO and an associated platform, with violation of local securities law. </p><p>The SEC sued Bittrex, its former CEO Bill Shihara, and Bittrex Global earlier this month, for allegedly operating an unregistered exchange, broker, and clearing agency. The regulatory agency also charged the exchange’s foreign affiliate Bittrex Global, for failing to register as a national securities exchange. The SEC alleged that the foreign affiliate catered to clients in the United States by operating a single shared order book with the U.S. exchange.&amp; </p><p>Speaking on the alleged shared order book, Linch believes that the SEC hasn’t offered a sufficient explanation as to what the underlying issue is. “We think that they&#8217;re mistaken in the way they conceive of it legally and in terms of facts,” he added. The CEO further revealed that the regulator did not allow his company to explain the facts of the matter before getting sued.&amp; </p><blockquote class="wp-block-quote"><p>“Bittrex was an entirely separate legal entity and only provided services in the U.S. and only served U.S. customers. And they&#8217;re the ones that have had to shut down their operations… Global continues on providing the services to rest-of-world clients as it ever has.” </p><cite>Oliver Linch, <strong><strong>CEO</strong></strong> of <strong>Bittrex Global </strong></cite></blockquote><p>The complaint filed by the SEC on April 17, 2023, alleged that between 2017 and 2022, the crypto exchange generated at least $1.3 billion in revenues through transaction fees from investors while offering services as an unregistered exchange. Furthermore, the SEC alleged that the former CEO worked with crypto asset issuers who wanted to get their tokens listed, to scrub “problematic statements” from their offering materials to avoid attention from regulators.&amp; </p>]]></description><link>https://m.coinsnews.com/bittrex-global-plans-to-fight-the-secs-charges-in-court</link><guid>576411</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/KPoV1fh1OSzqmvd9PJxtVAp8vmtCFcAE8FSvUWTGxDM-770x428.jpg</dc:content ><dc:text>Bittrex Global Plans To Fight The SEC’s Charges In Court</dc:text></item><item><title>Circle To Allow Users Move USDC Between Avalanche And Ethereum</title><description><![CDATA[<img width="770" height="507" src="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-770x507.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Circle" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" loading="lazy" srcset="https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-770x507.jpg 770w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-300x198.jpg 300w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-1024x675.jpg 1024w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-1536x1012.jpg 1536w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-2048x1350.jpg 2048w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-500x330.jpg 500w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-269x177.jpg 269w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-746x492.jpg 746w, https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-1376x907.jpg 1376w" sizes="(max-width: 770px) 100vw, 770px" title="Circle To Allow Users Move USDC Between Avalanche And Ethereum 20"><p>Summary: </p><ul><li>Circle announced its Cross-Chain Transfer Protocol or CCTP to allow asset transfers between Ethereum’s blockchain and the Avalanche network.</li><li>USDC users will be able to move stablecoins across Ethereum and Avalanche using CCTP, increasing Circle’s utility across multiple chains.</li><li>The stablecoin issuer released its latest market structure upgrade weeks after a U.S. banking crisis rocked USDC’s market cap but CEO Jeremy Allaire said the company came out stronger.</li></ul><p>USDC issuer Circle <a href="https://twitter.com/circle/status/1651212222973071362?s=20" target="_blank" data-type="URL" data-id="https://twitter.com/circle/status/1651212222973071362?s=20" rel="noreferrer noopener nofollow">unveiled</a> its Cross-Chain Transfer Protocol or CCTP to allow stablecoin token transfers between Ethereum&#8217;s blockchain and Avalanche. CCTP is the latest market structure upgrade from the crypto payments company after a U.S. banking crisis shook confidence in USD Coin (USDC), crypto&#8217;s second largest stablecoin by market cap.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ Today marks a new milestone! Cross-Chain Transfer Protocol (<a href="https://twitter.com/hashtag/CCTP?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener">#CCTP</a>) is now on mainnet for <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Ethereum</a> and <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw" rel="nofollow noopener">@Avax</a>. <a href="https://t.co/ExIAWywNGt" rel="nofollow">https://t.co/ExIAWywNGt</a></p>&mdash; Circle (@circle) <a href="https://twitter.com/circle/status/1651212222973071362?ref_src=twsrc%5Etfw" rel="nofollow noopener">April 26, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></figure><h2>CCTP: No Bridge, No Problem</h2><p>CCTP works by burning USDC tokens on one chain, Ethereum for instance, and minting the equivalent token amount on another chain like Avalanche. This allows users to move USDC between blockchains, essentially increasing Circle&#8217;s multi-chain utility. </p><p>The protocol improves security by opting for a more crypto-native mechanism of burning and minting. Prior to the protocol&#8217;s release, users would have to rely on cross-chain bridges that leverage &#8220;wrapping&#8221;, a method with loopholes that cyber criminals exploit in some cases.</p><blockquote class="wp-block-quote"><p>CCTP removes the need to bridge USDC via traditional lock-and-mint approaches, improves liquidity across the blockchain ecosystem, and enables developers to provide their users a seamless and secure experience moving USDC natively across chains.</p></blockquote><p>USDC is a crucial off-ramp tool that allows crypto users to cash out from their virtual currencies into fiat like the U.S. dollar. Stablecoins like USDC and USDT also provide a cushion to soften market volatility, making it possible to users and traders to retain monetary value in the case of market meltdowns. </p><h2>Circle Upgrade&#8217;s Structure After US Banking Crisis</h2><p>Investor confidence in Circle and its USDC stablecoin dipped after Silicon Valley Bank suffered a bank run in March, trapping around <a href="https://en.ethereumworldnews.com/circle-may-recover-3-3-billion-from-svb/" target="_blank" data-type="URL" data-id="https://en.ethereumworldnews.com/circle-may-recover-3-3-billion-from-svb/" rel="noreferrer noopener">$3.3 billion in USDC reserves</a> over a weekend. The matter was later resolved although Circle&#8217;s token temporarily its peg to the U.S. dollar.</p><p>USDC&#8217;s reserve fell some $10 billion since the debacle but Circle CEO Jeremey Allaire insists that the company has come out stronger. Allaire shared these remarks during the CoinDesk Consensus conference in Austin, Texas. </p><blockquote class="wp-block-quote"><p>We&#8217;ve successfully navigated this crisis, and have actually upgraded the market infrastructure behind USDC to be by far the strongest, safest digital dollar on the internet today, hands down, there&#8217;s no question.</p></blockquote><p></p>]]></description><link>https://m.coinsnews.com/circle-to-allow-users-move-usdc-between-avalanche-and-ethereum</link><guid>576356</guid><author>COINS NEWS</author><dc:content >https://en.ethereumworldnews.com/wp-content/uploads/2023/04/Circle-To-Allow-Users-Move-USDC-Between-Avalanche-And-Ethereum-770x507.jpg</dc:content ><dc:text>Circle To Allow Users Move USDC Between Avalanche And Ethereum</dc:text></item></channel></rss>