Binance.US Explores Options to Reduce Majority Stake Owned by CZ amid regulatory scrutiny: Report | Curated CoinCodeCap #12 May 2023
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Binance.US Explores Options to Reduce Majority Stake Owned by CZ amid regulatory scrutiny: Report
World’s largest crypto exchange Binance.US and its founder Changpeng Zhao (CZ) has been the subject of regulatory scrutiny over the years. As per a recent report by The Information, CZ has reportedly been trying to reduce its stake in the U.S.-based exchange since last summer.
Reportedly, following the Commodity Futures Trading Commission’s lawsuit against Binance for purportedly breaking U.S. derivatives laws, Binance.US executives have contemplated whether reducing Changpeng Zhao’s controlling stake could enhance the firm’s reputation with American regulators. Keep Reading »
Texas Lawmakers Push for Crypto Inclusion in Bill of Rights
The Texas legislature approves the inclusion of digital currency in the state’s Bill of Rights.
The Texas Bill of Rights protects fundamental liberties such as the freedom of speech, religion, and the press. Keep Reading »
Crypto Lender Nexo Dissolves UK Entities as Legal Ambiguity Surrounds
Crypto lender Nexo had dissolved two of its U.K.-based companies.
Nexo is “rethinking the way” it approaches “servicing clients” but is not contemplating leaving the U.K. market. Keep Reading »
BlockFi Receives Court Approval To Refund $297 Million to Users
As part of its bankruptcy procedures, BlockFi is given authorization to repay $297 million to a select group of consumers.
Customers with BlockFi Interest Accounts [BIA] are ineligible for the refunded money. Keep Reading »
Montenegrin Authorities accepts $400,000 bail offer for Terra Luna founder Do Kwon
As per announcement, in the event of a violation of the house arrest, the bail amount will be transferred to a “special fund” of the court’s operational budget
In addition to bail, the court imposed a measure prohibiting Do KwON from leaving his residence, which the court considers to substitute for imprisonment to a significant extent 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
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 »
When will Shiba inu coin reach $1? Price Analysis of SHIB
As of May 1, 2023, SHIB is trading at around $0.000010 per token. It has a market capitalization of about $6 billion, making it the 15th largest cryptocurrency by that measure. It has a circulating supply of 589.6 trillion tokens and a total supply of one quadrillion tokens.
SHIB has experienced a lot of volatility in its price history, reaching an all-time high of $0.000032 on May 10, 2022, and an all-time low of $0.00000006 on November 28, 2020. In addition, it has also been affected by broader crypto market trends, such as the bull run in early 2022 and the crash in late 2022. Let’s take a look at the chart for trend analysis Keep Reading »
Buy Pancat Cryptocurrency : Scam or Goldmine?
If you are a fan of memes and crypto, you might have heard of Pancat Coin, a project that combines both. Pancat Crypto is or should we say was meme-based crypto project built on the Polygon Network, a layer-2 scaling solution for Ethereum. Pancat Coin was initially developed as a meme token but has evolved into something more ambitious and innovative.
The project is having a sort of resurgence in terms of internet searches. So, let’s have a look at what Pancat crypto was, what the project aimed and what’s the current status of this project? Keep Reading »
Bitcoin below $30k: Is the party over?
Currently BTC price stands at $28,980 and market cap is worth $559 billion with a 24h trading volume of $26 billion. Bitcoin has a key support at $28,500 level and seems to have taken a reversal from there, marking a low of $28,520 and rising to the current level. Let’s have a look at the chart to analyze whether a big reversal or more downward movement is yet to come? 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 »
Top 3 Crypto to Buy in Summer 2023
Finally, we can’t discuss the top cryptocurrencies to keep an eye on without mentioning Bitcoin. Bitcoin is the original cryptocurrency and still the most valuable. If it manages to cross the big $30k hurdle with good volumes, then predictions go as high as $100,000. Keep Reading »
5 Best Crypto Coins to Invest in May 2023
In a daily time frame, the price is moving above the Horizontal S/R zone. A bounce is expected from here. On the other hand, if it breakdown the S/R zone with a successful retest, then it can go downward. Keep Reading »
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