Day: June 18, 2023

DeFi tokens to watch in H2 2023

The state of decentralized finance (DeFi) in 2023 is a mixed bag. On the one hand, the sector has seen significant growth in recent months, with total value locked (TVL) reaching an all-time high of over $200 billion in February 2021. This growth was driven by several factors, including the launch of new DeFi protocols, increased adoption by institutional investors, and the growing popularity of DeFi-based yield farming. On the other hand, DeFi has also been plagued by many high-profile hacks and exploits. For example, the Ronin Network was hacked…

Binance CEO responds to resolution of SEC’s request for emergency relief

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance CEO Changpeng “CZ” Zhao expressed pleasure at the amicable resolution of a recent emergency relief request from the U.S. Securities and Exchange Commission (SEC) that would have resulted in the freezing of client funds. Binance.US and SEC agree on consent order CZ highlighted the company’s commitment to ongoing operations despite the difficulties and regulatory barriers faced by Binance recently. He emphasized that user funds are safe and secure across all Binance-related services and will remain…

Binance sends cease and desist notice to fraudulent Nigerian entity

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Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited.  On Sunday, June 18, Zhao took to Twitter to make the announcement. On June 9, the Nigerian Securities and Exchange Commission (SEC) released a circular stating the illegality of Binance Nigeria Limited in the country. According to reports, a Binance spokesperson responded that the entity mentioned in the circular is not affiliated with the company. The spokesperson expressed the company’s intention to seek clarity from the Nigerian SEC…

Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up

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Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle. Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs. GBTC “premium” heads below -37% Bitcoin market sentiment showed a modest improvement late last week as news emerged that the world’s largest asset manager, BlackRock, had filed to launch a Bitcoin spot price exchange-traded fund (ETF). While still not allowed in the United States, a spot ETF from a stalwart entity such…

How to write effective ChatGPT prompts for better results

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Writing good ChatGPT prompts to receive precise and pertinent responses is crucial. For the artificial intelligence (AI) model to produce the required information, clear and accurate context is essential, which allows ChatGPT to better comprehend the aim and scope of a user’s inquiry. What is prompting in ChatGPT In OpenAI’s ChatGPT chatbot, prompting is the process of giving the language model input or instructions to get the desired response. It includes creating prompts or questions that direct how the AI model interprets the task or subject. Prompts can be questions,…

UK Investment Trust RIT Capital Marks Down Valuations of Cryptocurrency Ventures

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RIT Capital Partners Plc, a prominent UK investment trust, has recently made significant markdowns on its investments in various cryptocurrency startups. The trust, founded by Jacob Rothschild, had previously allocated substantial amounts of capital to crypto firms, along with supporting numerous technology startups. However, in its 2022 annual report, RIT revealed a reduction in its positions in Animoca Brands, Kraken, and Paxos. While the exact cause for the markdown is unclear, it is unlikely that RIT sold off any of its stakes, as the three startups in question are privately…

Binance CEO CZ deems SEC’s request for emergency relief unwarranted

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Changpeng ‘CZ’ Zhao, the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission (SEC) has been successfully resolved. The SEC’s ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant milestone. Nonetheless, as the regulatory uncertainty begins to fade, CZ can now find solace and concentrate on Binance’s future. In a tweet, the veteran crypto entrepreneur emphasized that the SEC’s emergency relief request was unnecessary, affirming that the mutually agreed-upon…

CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1M

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Blockchain investigator ZachXBT has received over $1 million in donations in slightly more 24 hours from the crypto community to pay for his legal fees in a defamation lawsuit. ZachXBT, known for his investigative work in the blockchain and cryptocurrency industry, has become embroiled in a legal dispute with Jeffrey Huang, better known as MachiBigBrother on Twitter. On June 16, Huang declared in a tweet that he had filed a defamation lawsuit against ZachXBT accusing him of damaging his reputation through false allegations. Huang was referring to an article published by…

Ripple case is concluding, but the fight for clarity must ‘continue’ – Brad Garlinghouse

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Ripple CEO Brad Garlinghouse has warned that even though Ripple’s legal battle against the United States financial watchdog is coming “to a close,” it is only the beginning of a larger battle for the industry, and the fight for regulatory clarity “has to continue.’ Following the Hinman Documents being unsealed on June 13 as part of the ongoing lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), Garlinghouse published a video on Twitter to discuss the lawsuit’s timeline, which commenced in December 2020, and express his frustration with…