Month: June 2023

US court approves SEC-Binance.US agreement

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United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets.  Judge Jackson said on June 14 she would prefer the parties reach an agreement on their own rather than have her rule. The sides reportedly reached an agreement on June 16. “We are pleased to inform you that the Court did not grant the SEC’s request for a TRO and freeze of assets on our…

Robinhood retail crypto market share versus Coinbase rising

In recent crypto market shifts, retail investors may be migrating from Coinbase Global Inc. to Robinhood Markets Inc., according to an analysis by Mizuho Securities’ Dan Dolev. In an unexpected development in the crypto trading sphere, retail investors utilizing Coinbase Global Inc.’s services are shifting their operations to Robinhood Markets Inc., posits Mizuho Securities analyst Dan Dolev. Through his interpretation of April’s data, Dolev theorizes that Robinhood could take a larger portion of the retail crypto transaction market from Coinbase. Robinhood has gained notable popularity among home-based stock traders, raising its profile in the…

Binance partners with The Weeknd, to introduce metaverse experience

Despite regulatory hurdles from the SEC, Binance is forging ahead with a new initiative—a digital metaverse tied to The Weeknd’s “After Hours Til Dawn” tour. Binance, currently facing legal action from the SEC, has announced plans to launch a new digital metaverse focused on entertainment. The project is a collaboration with Canadian musician The Weeknd, who is also embarking on a tour called “After Hours Til Dawn”. The metaverse project has been in development since June 2022. From 10 am ET, regardless of whether they’ve bought concert tickets, fans, and…

Bank of England’s Project Rosalind results out, digital pound plans in progress

The Bank of England (BOE) has made progress towards launching its digital currency after conducting a year-long investigation that highlighted the numerous opportunities presented by digital currency technology. BoE, digital pound, and Project Rosalind In collaboration with the Bank for International Settlements (BIS), the BoE initiated Project Rosalind to explore the potential advantages and feasibility of a central bank digital currency (CBDC).  On June 16, the BIS unveiled the first part of the trial’s findings, indicating that a CBDC could facilitate faster individual payments, enable businesses to develop innovative financial…

DigiToads P2E game is what Axie Infinity players have been waiting

The cryptocurrency exchange, Coinbase, has been accused by the Securities and Exchange Commission (SEC) of violating federal securities laws.  This news has caused uncertainty within the community, especially since a similar lawsuit was filed against Binance the day before. The news has impacted the market, with COIN share prices dropping by 20% in pre-market trading. Among the tokens implicated in the lawsuit was Axie Infinity, a play-to-earn platform currently under pressure and selling off. This shift in investor sentiment is why investors, gamers, stakers, and traders are examining DigiToads (TOADS), a…

Coinbase demands SEC respond to rulemaking petition

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase is moving to gain an advantage in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The crypto exchange has responded to the commission’s request for an additional 120 days to reply to its rulemaking petition by filing a solid response in the U.S. Court of Appeals for the Third Circuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced the filing, emphasizing that the crypto exchange cannot wait until next week’s deadline to…

Ripple boss sheds light on SEC and Hinman’s internal documents

On June 16, the Ripple CEO, Brad Garlinghouse, recently released a video on Twitter. Therein, he said, upon perusing Dr. Hinman’s emails, which were made public by the United States Securities and Exchange Commission (SEC) due to legal pressure, he felt compelled to document the information. Dr. Hinman, the SEC, and the regulatory measures concerning cryptocurrencies that the agency seems hesitant or incapable of implementing in the United States were all focal points of Garlinghouse’s revelations. Despite Garlinghouse’s infrequent video postings, he found it necessary to address the cryptocurrency community following a…

Machi Big Brother files lawsuit against on-chain sleuth, ZachXBT

Tech entrepreneur and crypto figure, Jeffrey Huang, popularly known as Machi Big Brother, has sued on-chain investigator, ZachXBT, alleging that he posted and deliberately disseminated an article that painted him as a thief engaged in market manipulation and embezzlement.  The controversial NFT trader alleges that after asking ZachXBT to remove the article and related tweet, the on-chain investigator resisted, prompting Huang to file a lawsuit. A year ago, @zachxbt published a Medium article about me that damaged my reputation. Today, I have filed a defamation lawsuit against him in the…

Bitcoin and BNB prices fall, InQubeta presale can be a crypto safe haven

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied This week’s recent dip in bitcoin (BTC) and binance coin (BNB) prices can be attributed to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, which is the largest cryptocurrency exchange in the world.  Bitcoin and BNB prices fall as SEC sues Binance The SEC has accused Binance, its CEO Changpeng Zhao (CZ), and Binance US of violating securities laws by manipulating the market and offering unregistered securities. The SEC’s allegations include…

5 AI tools for learning and research

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AI tools are revolutionizing learning and research in today’s digital age by providing sophisticated capabilities and effective solutions. These tools make use of artificial intelligence to speed up various tasks, increase output and offer insightful data.  Consensus, QuillBot, Gradescope, Elicit and Semantic Scholar are five well-known AI tools that are frequently used in the learning and research fields. Consensus The goal of the Consensus AI search engine is to democratize expert knowledge by making study findings on a range of subjects easily accessible. This cutting-edge engine, which runs on GPT-4,…