Day: June 5, 2023

SEC Charges Binance, CEO over Illegal Exchanges, Commingling of Client Fund

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The Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha The Securities and Exchange Commission…

GameStop NFT back in the spotlight after partnership with Illuvium

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On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. As told by developers: According to developers, the “Illuvitars” NFTS are “dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.” Each “GameStop x Illuvitar D1SK NFT” will contain a unique GameStop-branded “Illuvitar,” which developers say possess “108…

El Salvador and Tether work together to create ‘Volcano Energy’ bitcoin mining center

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied El Salvador is embarking on an initiative to establish a renewable energy power generation park in the Metapán area, aiming to become a center in the global bitcoin mining industry. Tether has announced its participation as an equity investor and advisor, highlighting the significance of this renewable energy project. El Salvador aiming to transform bitcoin mining El Salvador is capitalizing on its abundant natural resources to launch a revolutionary endeavor called “Volcano Energy.” In a press…

Senators Pen Public Letter to Musk and Yaccarino Detailing Safety Concerns after High-Profile Twitter Resignations

According to the senators, Twitter is not able to keep up with safety requirements and meet concerns, and may be in breach of an agreement. Democrat senators have expressed safety concerns to Twitter executives about its ability to comply with safety requirements. The senators contacted Twitter following two high-profile resignations from the social media giant last week. Senators’ Concerns Detail Twitter’s Failure to Fulfill Privacy Commitments Expressing their concerns in a letter addressed to owner Elon Musk and incoming CEO Linda Yaccarino, the senators worry that Twitter might no longer be equipped…

DataDash issues bitcoin stagnation warning, correction needed

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent video, Nicholas Merton, the crypto YouTuber from DataDash, addressed the stagnation that bitcoin has been experiencing since March 2023. Merton compared bitcoin’s performance to its peers in the crypto space, highlighting the lack of momentum and follow-through on narratives that have previously propelled bitcoin forward. Merton pointed out that theories of a bitcoin (BTC) bank run and de-dollarization, which have been significant drivers of bitcoin’s growth, have not been realized. This has raised…