Binance denies commingling customer fund allegations | Curated CoinCodeCap #23 May 2023
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Binance denies commingling customer fund allegations
Reuters allege that Binance mixed corporate revenue with customer funds on a daily basis, in accounts held at the now-bankrupt Silvergate Bank
Binance’s chief of communication, Patrick Hillmann, stated that the allegations were based on user deposit-based USD minting, where users purchased a stablecoin redeemable by Paxos Keep Reading »
Hong Kong Grants Retail Investors Access to Licensed Crypto Exchanges
The securities watchdog in Hong Kong has unveiled fresh proposals to give regular investors access to platforms for virtual assets.
The rules will go into force in June 2023, but no platforms for trading virtual assets with retail investors have been given the SFC’s clearance. Keep Reading »
Gemini’s Derivatives Exchange Faces Regulatory Consequences in the Philippines
The Gemini Foundation has received a warning from the SEC of the Philippines for operating illegally in the country.
In May, Gemini introduced the Gemini Foundation, a platform for non-US derivatives, with the Philippines listed as a supported region. Keep Reading »
Crypto Exchange Hotbit All Set To Suspend Operations
Hotbit, a cryptocurrency exchange, announced that it will cease all operations on May 22 at 04:00 UTC. Users were advised to withdraw their assets prior to June 21.
Hotbit expressed concerns about the future of centralized exchanges, stating that the trajectory of the crypto industry has made it uncertain. Keep Reading »
US Chamber of Commerce labels SEC ‘Unlawful’ for Action Against Coinbase
The SEC has come under fire for its regulatory approach from Coinbase and the cryptocurrency industry, with the support of the U.S. Chamber of Commerce.
According to a court petition, Innovation has been impeded by the SEC’s delayed and ambiguous regulatory measures. Keep Reading »
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BIS releases guidelines for offline CBDCs payments
A thorough guide has been released by the Bank for International Settlements Innovation Hub with the aim of helping central banks adopt offline CBDC.
BIS claims that using CBDC for offline payments introduces new dangers linked to fraud, forgery, and privacy issues. Keep Reading »
NFT Market Analysis February 2023
Non-fungible tokens (NFTs) have exploded onto the scene in recent years, with a wide range of industries and individuals taking notice. From digital art and collectibles to music and even real estate, NFTs have disrupted traditional notions of ownership and value.
But with the market becoming increasingly crowded and prices soaring to dizzying heights, many are wondering whether this is just a passing fad or a sustainable trend.
In this article, we’ll take a closer look at the current state of the NFT market and explore the factors driving its growth and potential risks to be aware of. Keep Reading »
Market Updates
Refund Coin: Another Memecoin Pumped 1000%
Refund Coin (RFD) is a new ERC20 cryptocurrency minted on May 19, 2023. It is one of the many memecoins that have emerged in the second quarter of 2023, which some call the meme-coin season. However, unlike most memecoins based on popular internet memes or cultural trends, Refund Coin has a unique feature sets it apart from the rest: it offers a refund option to its holders. Keep Reading »
Tectonic Crypto: A Complete Guide for 2023
Tectonic is a cross-chain money market protocol that allows users to earn passive yield and access instant-backed loans with their crypto assets. Tectonic aims to provide users with seamless and secure lending and borrowing functionalities across different blockchains. Keep Reading »
Bone Token:Can Bone token hit $100?
BONE Tokens serve several purposes within the Shiba Inu ecosystem. Holders of BONE can participate in governance by voting on critical decisions. Additionally, BONE Tokens can be staked or utilized for liquidity provision on ShibaSwap, which can lead to rewards. Keep Reading »
AMP Price Prediction and Analysis: Can It Reach New Highs
Amp (AMP) crypto lets you transfer value instantly and securely across different networks and platforms. It works as collateral that guarantees payments and reduces fraud and chargebacks. Amp crypto is used by the Flexa network, which lets you spend crypto at various merchants. Amp also supports other use cases like lending, exchange, and remittance. Keep Reading »
5 Best Penny Cryptocurrency For Summer 2023
Cryptocurrencies are digital assets that have gained popularity and value in recent years. However, not all cryptocurrencies are created equal.
In this article, we will explore some of the best penny cryptocurrency under $1 that could have a good upside potential for summer 2023. Keep Reading »
How to Buy Dogecoin on eToro: A Complete Guide
Dogecoin is the most popular memecoin in the market today. Dogecoin has a loyal fan army who support its charitable and social causes and its fast and low-cost transactions.
If you want to join the Dogecoin community and buy some DOGE coins for yourself, you need a reliable and secure platform. One of the best options is eToro, a leading social trading platform offering a wide range of assets, including cryptocurrencies. eToro is regulated by multiple authorities, supports various payment methods, and provides a user-friendly and intuitive interface.
Here, you will get all info on how to buy Dogecoin on eToro . In addition, We will also cover some of the benefits that eToro offers to enhance your trading experience. Keep Reading »
Top 3 Best Gaming Cryptos for May 2023
ILV is the native token of Illuvium, a decentralized open-world RPG game that features stunning graphics and immersive gameplay. Illuvium allows players to explore a vast world, capture and battle creatures called Illuvials, and trade them in the marketplace. Additionally, ILV is used to stake, govern and earn rewards in the game. ILV had a great rally lately, reaching an all-time high of $1,604 on November 30th. ILV is trading at around $45, with a market cap of over $121 million. Keep Reading »
What Can You Buy With 10 Bitcoins Today? A Lot More Than You Think!
Bitcoin’s price fluctuates depending on supply, demand, market sentiment, and events. As of May 6, 2023, one bitcoin is worth about $29,378, meaning 10 bitcoins are worth about $293,780. That’s a lot of dough! On the other hand, this is a significant increase from the all-time low of $0.04865 in July 2010, when you could barely buy a gumball with one bitcoin. And it is a substantial decrease from the all-time high of $68,789.63 in November 2021, when you could buy a small island with one bitcoin. Keep Reading »
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