Keep Network(KEEP)

Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.

Nostra creator Fiatjaf launches the most decentralised social media yet. Built on Bitcoin it enables users to own their content and be able to send microtransactions. Social media platforms are censored The social media platforms of today are highly successful, but at what cost? It turns out that Twitter was being used by government to suppress certain conversations that were against their narrative, and Youtube regularly de-platforms anyone who is perceived to not be following their rules. Other social media platforms are in a similar position. Bitcoin is successful because it cannot be taken down by any government or their agencies. It is for the people to be able to protect their wealth from a banking system that does not serve them. Fairly rewarded content Nostr was built on top of Bitcoin, and is the first open protocol that is truly censorship-resistant. ZEBEDEE and Nostr co-creator Fiatjaf have taken this further, and on Thursday launched the ZBD app, which will enable users to have their content fairly rewarded, in that they will be able to keep 99% of the value they created. The social media features of the new app includes a game-changing development called “Zaps”. These are tiny micropayments as small as $0.0002, which can be sent to anyone in the world instantly and without censorship. The messages, profiles, and posts are not limited to any one platform, and can flow across any Nostr-powered app or website, so if one platform is shut down there are many more that can receive the social media. Also featured on the new app is the ability to be able to send payments through DMs (Direct Messaging), and to earn payments through games, podcasts, music, art, and whatever a user can dream up that might create value. Empowerment of people André Neves, CTO and co-founder of ZEBEDEE said of the launch: “ZEBEDEE is all about empowering people through open, decentralized technologies. The new social layer within the ZBD app delivers an all-in-one space for people to connect, play, and earn while embracing our core values. We're spicing up the ZBD ecosystem to offer an unprecedented user experience, blending social media, gaming, shopping, and Bitcoin,” From the ZEBEDEE PR announcement: “To secure early access to this upgrade of the ZBD app, available for iOS and Android, users can sign up at https://zeb.gg/early-access. Or go to zbd.gg and follow @zbdapp on their legacy social media platform of choice.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A top Bloomberg markets analyst has issued a bearish warning for Bitcoin (BTC) for the year’s second half. The analyst believes that with the Federal Reserve all set to keep raising interest rates, risky assets such as Bitcoin (BTC) and Ethereum (ETH) will take a hit. With Bitcoin (BTC) losing the $27k mark, there is […]

Consensus 2023 attendees argued that improving crypto's image requires a clearer explanation of digital assets and a focus on tangible, user-centric products and services

Bitcoin keeps the market guessing over how it will treat the 200-week moving average at $26,500.

Outspoken billionaire investor and entrepreneur Mark Cuban has launched a scathing attack on the SEC and its handling of complaints against cryptocurrency exchanges, especially Coinbase. Cuban was highly critical of the lack of support for companies actively looking to comply with securities regulations in the country. Cuban Frustrated With SEC Approach Billionaire Mark Cuban has long advocated for cryptocurrencies and recently expressed his frustration with the United States Securities and Exchange Commission (SEC) and its approach to crypto. Cuban stated that the Securities and Exchange Commission could have adopted a much clearer approach for compliance, and avoided legal disputes altogether. Cuban tweeted, “The SEC could have easily have gone to them and outlined an exact plan to get them to compliance. Then if @coinbase or whoever didn’t comply, they sue over whatever legal disagreements they have. Instead, they do what they told one of my companies to do when we called, read these cases and get a lawyer to figure it out for you.” SEC Only Wants To Litigate Cuban also stated that the SEC is full of lawyers, and all lawyers want to do is litigate. He added that there would be greater compliance if there were more business people within the SEC. “They are full of lawyers. Lawyers want to litigate. If you had business people, more like the SBA, there would be more compliance, fewer lawsuits, and better investor education and protections. But if that happened, 2k SEC lawyers would be out of a job.” The billionaire also suggested that the SEC promotes the cases and wins as metrics instead of keeping track of the number of companies that they help reach compliance. No One Trusts The SEC Cuban further argued that the SEC’s approach was fermenting a climate of fear and mistrust, leading to companies fearing to engage with the regulator because they are afraid of potential legal ramifications. This would make it harder for companies to achieve compliance, going against the SEC’s mandate of protecting investors and maintaining efficient markets. “As it is, no one wants to talk to the SEC because no one trusts them for fear of being in the same situation as Coinbase finds itself. You get what you measure.” Repercussions Of The SEC Crackdown The lawsuit against Coinbase came just after a similar complaint was filed against Binance and its CEO, Changpeng Zhao. The crackdown reflects an increasingly hostile regulatory environment for crypto companies in the United States. It has also led to a number of trading pairs being delisted from Binance.US. The SEC has been going after crypto companies following the collapse of FTX under the pretext of protecting consumers. Coinbase Pushes Back Coinbase has also pushed back against the SEC and has demanded clearer guidance from the chief financial regulator. Brian Armstrong, CEO of Coinbase, stated that the agency needs to clearly define what constitutes a security, leading to greater uncertainty and potentially hindering innovation in the crypto space. The SEC has stated that everything other than Bitcoin is a security. However, Armstrong has contended that the law says differently and that regulators around the globe are taking a different position than that of the SEC. Armstrong stated in an interview that Coinbase also met with the SEC, “We met with the SEC 30 times in the last year. They never gave us a single piece of feedback about what we could be doing better. We just got silence.” The US Court of Appeals for the Third Circuit has ordered the SEC to respond within a week. The SEC had sued Coinbase for allegedly acting as an unregistered broker, as it goes after some of the biggest names in crypto over alleged violations of US securities laws. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities. Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The former CEO of Binance.US, Brian Brooks, has revealed why he left his position as the CEO of the exchange in court documents submitted this week. Brooks had resigned as the CEO of Binance.US in August 2021, just months after taking the position. Shadow CEO Court documents cited Brooks in a transcript linked to documents regarding the United States Securities and Exchange Commission’s case against Binance, Binance CEO Changpeng Zhao, Bam Trading, and Bam Management. In the interview transcript with the Securities and Exchange Commission (SEC), Brooks was asked about his role as the head of Binance.US; Brooks stated, “I did not work for Binance.com, that nobody at Binance.com was my boss, and that my role was to complete and highlight the corporate separateness. So when I talked to CZ, I considered myself to be talking to him in his role as board chair of BAM Trading. What became clear to me at a certain point was [that] CZ was the CEO of BAM Trading, not me…That wasn’t because Binance.com somehow controlled us, but again, he owns the vast majority of Binance.com, so I put that aside.” At the time of resigning, Brooks stated that he was leaving his position as the CEO of Binance.US because of differences over strategic direction. Brooks held his position at the American arm of Binance for only three months. The SEC’s Case Against Binance The Securities and Exchange Commission filed a lawsuit against Binance and its CEO Changpeng Zhao on Monday. The lawsuit contained 13 charges, including allegations of fraud and co-mingling of customer assets. The action came after months of threats, warnings, and discussions, with the exchange and Zhao accused of operating a “web of deception.” The filing against Binance also includes quotes from multiple unnamed Binance executives, which it stated were acknowledging that they were running Binance.com as an unregistered securities exchange in the US. It also quoted Zhao as seeking ways to keep its VIP customers. According to the lawsuit, Zhao, in a weekly meeting with senior company officials, stated, “We don’t want to lose all the VIPs, which actually contribute to quite a large number of volume. So ideally, we would help them facilitate registering companies or moving the trading volume offshore in some way—in a way that we can accept without them being labeled completely US to us.” Binance Reacts Binance handles billions worth of investments for small and established investors and also sponsors Italian Serie A team Lazio and the Argentina National team. The action on the exchange is part of a wider crackdown on crypto initiated by the SEC, which began after the collapse of FTX. FTX founder Sam Bankman-Fried has been charged with several offenses, including securities fraud and money laundering. Reacting to the SEC lawsuit, Binance stated that it was “disheartened and disappointed” with the SEC lawsuit. It added that it had extensively discussed with the regulator to reach a negotiated settlement. “Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations. But despite our efforts, with its complaint…the SEC abandoned that process and instead chose to act unilaterally and litigate.” The SEC also added that it had filed a temporary restraining order against BAM Trading, BAM Management, which oversees Binance.US operations, and against Binance. If the order is granted, it would look to freeze the assets of BAM Trading and BAM Management. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research Metaverse Ranking Awards the top projects

Lately, the crypto market has been on a topsy-turvy ride, but that hasn’t deterred investors from seeking the next big opportunity. Dogecoin (DOGE), a cryptocurrency that gained popularity through its meme-inspired branding, saw significant growth in the previous bull run. However, with the market evolving and new prospects emerging, investors are now turning their attention to promising projects like InQubeta (QUBE). This article explores whether it's too late to buy Dogecoin and why investors are shifting their focus to InQubeta's presale as interest in AI coins continues to surge. The Dogecoin Phenomenon Dogecoin made headlines as a playful cryptocurrency that gained a cult-like following, largely driven by social media and celebrity endorsements. Its low transaction fees and fast transaction times attracted a considerable user base, pushing its price to unprecedented levels. However, as the market matures and investors seek more sustainable and long-term opportunities, the question arises: Is it too late to buy Dogecoin? The Rise of InQubeta InQubeta (QUBE) has been steadily gaining attention in the cryptocurrency community due to its unique value proposition and focus on the AI industry. The platform offers fractional investment in AI start-ups using blockchain technology, enabling investors to participate in the growth of this burgeoning sector. As interest in AI technology continues to rise, InQubeta's presale has garnered significant attention from investors looking for the next game-changing project. There are several reasons why investors are shifting their focus from Dogecoin to InQubeta. First and foremost, Dogecoin's meteoric rise has led to concerns about its sustainability and long-term viability. The initial hype and speculative trading have created a volatile market, making it riskier for investors seeking stability and long-term growth. On the other hand, InQubeta presents a compelling opportunity for investors interested in the AI industry. AI is a rapidly evolving field with immense potential, and InQubeta's platform provides a means to access this market through fractional investment model. This not only lowers the barrier to entry but also incentivizes users who invest in the native asset, $QUBE. Visit InQubeta Presale InQubeta's Presale and Growing Interest Ever since the inception of the presale phase, InQubeta project has raised over $300k, which has now been further fueled by a comprehensive audit. The platform's unique approach to AI investment, coupled with a strong community and positive market sentiment, has contributed to its growing popularity. As more investors recognize the potential of AI technology and the opportunities presented by InQubeta's platform, QUBE might well climb the ladder quicker than anyone can anticipate. The presale price will keep on increasing at every stage, so this may be a good time to invest. Conclusion While Dogecoin has captured the attention of the crypto world with its viral popularity, investors are now shifting their focus to more promising and sustainable opportunities. InQubeta's presale has emerged as an attractive option, offering fractional investment in AI start-ups and capitalizing on the growing interest in AI coins. As the market continues to evolve, investors are seeking projects with strong fundamentals and long-term growth potential. As such, InQubetapresents an enticing opportunity for those looking to capitalize on the AI revolution and navigate the evolving crypto landscape. Visit InQubeta Presale Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Coinbase CEO Brian Armstrong has welcomed the SEC lawsuit against his exchange, stating that a court battle will help establish much-needed clarity around crypto rules and regulations. The CEO expressed complete confidence in the exchange’s legal team and the facts and the law around crypto. A Chance For Better Clarity Coinbase CEO Armstrong appeared unfazed in the face of a new lawsuit against the exchange by the United States Securities and Exchange Commission (SEC). Both Coinbase and its CEO issued separate statements discussing Coinbase’s views and chances of victory against the latest legal battle against the regulator. In a tweet shared on Tuesday, Armstrong stated that Coinbase would be proud to represent the crypto ecosystem against the SEC, adding that a court battle was probably required to get some much-needed clarity around crypto and the rules governing it. “Regarding the SEC complaint against us today, we’re proud to represent the industry in court to finally get some clarity around crypto rules. We’ll get the job done. In the meantime, let’s all keep moving forward and building as an industry. America will get this right in the end.” Armstrong added that the Securities and Exchange Commission had reviewed Coinbase’s business and allowed it to become a public company in 2021. He also added that the exchange does not list securities, rejecting a vast number of assets that they review. Armstrong also talked about conflicting statements emerging from the SEC and the Commodity Futures Trading Commission (CFTC), adding that they can’t agree among themselves on what is a security and what is a commodity. “There is no path to “come in and register” - we tried, repeatedly - so we don’t list securities. We reject the vast majority of assets we review. The SEC and CFTC have made conflicting statements and don’t even agree on what is a security and what is a commodity.” Why Is The SEC Suing Coinbase? The SEC sued Coinbase, alleging that the New York-based crypto exchange broke US securities laws by offering unregistered securities. The lawsuit alleged that Coinbase never registered as a clearing agency, broker, or national securities exchange. The regulator further alleged that several crypto tokens offered by the exchange, including prominent assets such as Polygon (MATIC), Cardano (ADA), Solana (SOL), and several others, qualified as securities. The lawsuit also alleges that Coinbase has been operating as an unregistered security broker since 2019, two years before its initial public offering. A Tetchy Relationship Coinbase and Armstrong have been extremely critical of the SEC for failing to draft clear rules and clarifying how securities laws apply to the crypto industry. The crypto space has long requested clarification about which digital assets would qualify as securities and which as commodities. Coinbase had sued the SEC in April when the latter failed to respond to a petition by Coinbase to provide rules governing digitally traded securities. At the time, the SEC stated that crypto already had clear rules and regulations to govern it and responded to the suit by arguing for dismissal on the 5th of May. In response, Coinbase filed a mandamus reply supporting its suit against the SEC. The United States Congress is looking to introduce crypto-specific legislation, which could lend some clarity to the situation. For the moment, Coinbase and the Securities and Exchange Commission are entangled in separate legal proceedings against each other. Coinbase Committed To Regulatory Compliance Coinbase also provided stats to prove that it is committed to regulatory compliance and failure on the SEC’s part to cooperate. The exchange stated that it had mentioned “staking” 57 times in its S1 report, which the SEC approved. It also added that it met the SEC privately to seek guidance on how to stay legally compliant. The exchange criticized the SEC, stating that it had established no rules pertaining to crypto and relied on a test written in 1946 (Howey test) to determine if assets are securities. However, others have pointed out that the SEC had made it clear in its approval that it did not necessarily approve the legality of the exchange’s underlying business. “To the folks posting that it’s unfair that the SEC is filing an action when they approved the Coinbase IPO, please stop. @coinbase was warned that approval of the registration statement didn’t mean approval of the underlying business activity.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin snaps back into its classic trading range, but BTC price has yet to reclaim a key level above $27,000.

Meme coins have experienced an unprecedented rise in interest and value. With exuberant community support, meme coins are largely associated with meme images, cartoon characters, and animals. Dogecoin, SHIBA INU, and the recent Pepecoin ($PEPE) are a few of the top-selling meme coins in the crypto space. These coins have gained thousands in price surges in the shortest period. Offering investors ample opportunities to make significant profits based on a small investment. The trending meme coin, $PEPE, barely a month after its release, reached a whopping $1.5 billion in market cap. And a Spot Trading volume exceeding $2.7 billion. This value, according to various reports, rivaled Bitcoin’s Spot Trading on the top crypto exchanges within the same timeframe. A testament to these coins’ ability to generate gargantuan returns for investors. $PEPE’s initial price at the time of launch was a mere $0.000000001 and with a total token supply of over 420 trillion. Since listing on top exchanges, the meme coin experienced a price surge of over 3000%. While it has suffered countless sell-offs from early investors looking to make huge profits, Pepecoin is still ranked as one of the top 100 coins (number 78) based on market cap, per CoinMarketCap. Again, substantial proof of its unprompted leap in price in the shortest time possible. The Role of Exchanges and How Early Listing Impact Investors’ Returns Crypto exchanges enable the seamless purchase of Bitcoin, altcoins, and meme coins alike. They are committed to providing customers with the hottest coins on the market, allowing them to become early investors. Now, why crypto exchanges are core components of the industry, obviously, their effect on the market continues to grow daily, partly a work of meme coins. How? These crypto exchanges understand the influence meme coins have on the market and investors. Hence why they are constantly on the lookout for the next hot project. To better understand the impact of early listing and how these exchanges actively influence investors’ returns, we’ll use $PEPE and LBank, and other exchanges as examples. Via LBank’s Articles Section, the global crypto exchange announced its decision to list the newly launched meme coin, $PEPE on its platform. Per the source above, the listing was scheduled for April 18, 2023, at 8 AM (UTC). LBank claimed the meme coin was a feasible, high-quality coin for its users. 12 days later, OKX Exchange announced its decision to list $PEPE. The result? An 850% surge in price. LBank users enjoyed a whopping 850% increase in their investment. Bitget Exchange also listed $PEPE the same day as LBank and since then (until the time of writing) has raked in returns exceeding a 5346% increase in price for investors. Substantial proof of early listing’s impact on investments. Besides $PEPE, the listing of emerging meme coins like $PSYOP, $GEN, $SPONGE, $AIDOGE, $BEN, and $RFD further shows the role exchanges play in price surges. According to available market data, LBank, MEXC, and HUOBI are at the forefront of early token listings. For the previously mentioned emerging meme coins, LBank was the first to list 5 out of the 6 tokens—$BEN, $PSYOP, $RFD, $GEN, and $SPONGE. With MEXC Exchange listing $AIDOGE first and HUOBI following behind. In line with this data, LBank also recorded the highest gains for these meme coins, except for $AIDOGE and $BEN where MEXC recorded the highest gains. LBank Exchange: $PEPE; 6387% $AIDOGE; 19364% $BEN; 313% $PSYOP; 433% $RFD; 216% $SPONGE; 296% $GEN; 716% MEXC Exchange $PEPE; 2259% $AIDOGE; 70429% $BEN; 353% $PSYOP; 0% $RFD; 138% $SPONGE; 0% $GEN; None HUOBI and Gate.io recorded impressive gains—2710% and 2324%, respectively—for $PEPE. However, listing a day after LBank and Bitget cost their users over 2300% value increases on their investments. How Meme Coins are Driving Unconventional Innovation As these crypto exchanges compete against themselves by constantly searching for potentially hot coins, one thing stands out—their willingness to openly embrace unconventional projects. By actively seeking out new projects to list, crypto exchanges show their commitment to supporting peculiar projects. Although meme coins are loosely based on famous memes, animals, or characters, they have become an avenue for experimentation in the web3 space. Meme coins are continually pushing the boundaries of conventional investments and attracting a diverse audience. Comprising a community of exuberant individuals committed to contributing to the growth of a project. By fervently seeking the next big meme coin, exchanges are encouraging developers to keep experimenting and launching unique projects. Additionally, the rise of these meme coins is proof of the impact of the internet and meme culture. Memes have become a huge part of the internet and social media experience. And by listing meme-based coins, exchanges are tapping into a potentially replete environment with millions of global supporters waiting to be onboarded. Speaking about these meme coins and how they're opening doors for mass adoption, Johnasson Chen, co-founder of LBank reiterates that the pursuit of meme coins contributes to the resilience and diversity of the emerging web3 ecosystem. “Staying on top of the market for memes is crucial to delivering top-notch investments to our users as early as possible. The pursuit of meme coins also contributes to the overall diversity and resilience of the Web3 ecosystem. The inclusion of such coins alongside more established cryptocurrencies fosters a healthy balance between established projects and innovative newcomers, allowing for a continuous cycle of disruption and growth,” the co-founder said. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ST HELLIER, Jersey, June 6th, 2023, ChainwireOKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading counterparties, and offering the ability to keep assets in safe custody instead.Nicolas Bertrand, CEO at Komainu, said: “This strategic partnership marks a milestone in our mission to provide secure and compliant digital asset custody solutions. OKX's reputation as a leading cryptocurrency exchange, combined with our expertise in institutional-grade custody services is paving the way for a new era of trust and innovation in the industry.”Sebastian Widmann, Head of Strategy at Komainu, said: “Komainu Connect is rapidly emerging as the leading collateral management solution. Partnering with one of the world’s largest crypto exchanges is a testament to the infrastructure and expertise committed to this service and our focus remains on seamless execution for all parties.”Lennix Lai, Global Chief Commercial Officer at OKX, said: “Institutions need the peace of mind that comes with knowing their assets are being kept safe with a leading custodian, while retaining their ability to capitalize when investment opportunities arise. That is why we are delighted to partner with Komainu to allow investors a way to keep their assets secure while not compromising on returns.”The off-exchange settlement and tripartite mirroring solution is a significant step forward for large-scale institutional crypto traders requiring immediate access to OKX's market-leading portfolio margin account mode and liquid markets.Komainu was established in 2018 to provide institutions with a secure and compliant custody service for investment in digital assets. Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.Find out more about why institutions choose OKX here.About OKXOKX is a world-leading technology company building the future of Web3. Known as the most reliable crypto trading platform for traders, OKX’s crypto exchange is the second largest globally by trading volume.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download OKX's app or visit: okx.comAbout KomainuKomainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.comMedia Contact: Armel Leslie, Peaks Strategies, +1 (914) 320-7620, [email protected] announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]

The SEC on Monday sued Binance and its CEO, Changpeng Zhao, for allegedly mishandling funds and lying to regulators. On Monday, the US Securities and Exchange Commission (SEC) accused cryptocurrency exchange Binance of allegedly mishandling customer funds and lying to investors and regulators about its operations. The SEC also sued Binance founder Changpeng Zhao, alleging that he and the exchange failed to restrict US customers from its platform and mislead investors about its market surveillance controls. The regulator further accused Binance of operating as an unregistered securities exchange, Reuters reports. In a press release, the SEC said: The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations. In a case filed in federal court in Washington, DC, the SEC said the exchange has been mixing “billions of dollars” in customer funds and secretly sent them to Merit Peak Limited, a separate company controlled by Zhao. The SEC’s complaint details that Binance and Zhao controlled customers’ assets, allowing them to mix and divert funds and that Binance created separate US entities “as part of an elaborate scheme to evade US federal securities laws.” Gary Gensler, Chair of the SEC, said: Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law. Adding: As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied. They attempted to evade US securities laws by announcing sham controls that they disregarded behind the scenes so that they could keep high-value US customers on their platforms. The public should beware of investing any of their hard-earned assets with or on these unlawful platforms. CZ Dismisses Charges Zhao dismissed the charges on Twitter by saying “4,” a popular reference in the Binance community that urges users to ignore FUD (fear, uncertainty, and doubt). 4.Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits. We will issue a response once we see the complaint. Haven't seen it yet. Media gets the info before we do.

The market trends in the crypto industry have yet again sprung up new development that is forcing the hands of investors. As it stands, Sparklo has continued its meteoric rise in price and reputation among crypto investors because of the project's outstanding potential. However, the market price of coins like Near Protocol (NEAR) and XRP (XRP) has continued to struggle in the crypto market. Investors are joyful as Sparklo (SPRK) keeps its consistent growth The stability that the Sparklo project has shown in the past weeks is bringing smiles to early investors of the token. More investors have joined the Sparklo project in a bid to position themselves for potential moon-bound growth. Sparklo is an innovative blockchain-based investment platform that allows users to invest in profitable solid treasures like Gold, Silver and Platinum. Investors can also passively trade these assets using fractionalized NFTs as digital placeholders. It is safe to say that the Sparklo token (SPRK) is one of the hottest tokens in the crypto market at the moment. Crypto experts have already projected a 1,000% rise in price value for the token before the end of Q4 of 2023. Currently, the SPRK token goes at the price of only $0.030 per token. Investors that purchase the SPRK token now will be given a 100% bonus for their purchase which will end in the next 48 hours. This means you have limited time to benefit from this bonus. Experienced investors will recognize that now is the best time to invest in the SPRK tokens for significant gains in the near future. The safety and security of the Sparklo project have been vetted and approved through the Interfi Network. Moreso, BlockAudit Report Team has verified the project's KYC certification. The SPRK token will be locked for 100 years to avoid an event of a rug pull. Do not hesitate to invest in the Sparklo project, as we believe in the promising potential of the token. Click the link below to invest. >>>> PURCHASE HERE <<< Near Protocol (NEAR) sees a crab-like price movement Near Protocol (NEAR) is a community-driven cloud computing protocol that operates on the layer 1 blockchain to enhance the overall activities on the blockchain. Within the last 24 hours, Near Protocol (NEAR) saw an insignificant -0.18% loss in price value. This development pegs the price of the Near Protocol (NEAR) token at $1.56 at the time of writing. The trading volume of Near Protocol (NEAR) went down by -20.31% and currently stands at $40,745,164. In the last few days, the Near Protocol (NEAR) price has not seen any upward price movement. The Near Protocol (NEAR) price chart shows that the coin is struggling to overcome the bear market. Despite all these, crypto experts still think that the price of Near Protocol (NEAR) will surge in the coming days despite the current price trajectory and the stats suggesting the contrary. Near Protocol (NEAR) coin holders have already joined the ongoing Sparklo project, which has proven to be a more viable investment option. XRP (XRP) declines in price value amid fresh token released from escrow XRP (XRP) is a decentralized open-source ledger that executes transactions in the blockchain network at a low-cost price alongside speed and scalability. In a fresh development, XRP (XRP) now has an additional 1 billion tokens added to its circulating supply in another monthly token released by the network. This development was executed through the escrow system which has 55 billion XRP (XRP) tokens locked in from December 17, 2021. These tokens have since then been released at 1 billion per month. However, the escrow system has seen divided opinions among experts as to whether it affects the price of the XRP (XRP) token negatively. XRP (XRP) in the last 24 hours lost 1.08% in price value. As a result, the price of XRP (XRP) is $0.50 at present time. The coin has made significant progress in the last few days and has gained over 5%. However, with the last 24 hours' price of XRP (XRP) not showing signs of a rally, the XRP (XRP) investors have moved over to the trending Sparklo project, where significant gains will be made. The Sparklo project is already giving a bonus for token purchase, which makes it one of the best crypto projects for now. Find out more about the Sparklo presale: Website: https://sparklo.finance Presale: https://invest.sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

China has demonstrated growing interest in and acceptance of the Web3 and cryptocurrency industries in recent years. It’s worthwhile to look into some of the top Chinese coins that investors and fans should keep an eye on given the nation’s strong influence in the global cryptocurrency ecosystem. We will talk about six popular Chinese coins […]

DeFi competition is getting tougher, and projects need help to gain relevance; TMS Network (TMSN) keeps smashing records and achieving unbelievable feats. TMS Network (TMSN) hasn’t stopped growing since its 2023 presale launch, jumping by over 2000% in ongoing presale events. This massive growth is possible due to TMS Network (TMSN)’s unique performance and innovation […]

Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.

In the rapidly evolving Web3 space, the success of any blockchain platform hinges on the creativity and ingenuity of its dApp creators. Recognizing developers' pivotal role in driving adoption, the IoTeX community has voted massively in favor of IoTeX's Improvement Proposal 15 (IIP-15) for Sharing of Gas-Fee with dApps (SGD). With its groundbreaking IIP-15, IoTeX aims to unlock a new era of high-level innovation, engagement, and sustainable growth. By sharing a portion of transaction gas fees with dApp developers, IoTeX sets the stage for an ecosystem where creativity thrives, users are captivated, and developers are incentivized like never before. The IoTeX community has passed the groundbreaking IIP-15 with 98.5% in favor, and 1.5% against the proposal. A total of 224 wallets participated with nearly 157.4 million IOTX staked. The IoTeX Foundation will distribute 224 Soulbound Tokens (SBTs) to reward those who participated in the IIP-15 DAO governance vote. Becoming the DePIN leader &ldquo;The significance of IIP-15 cannot be overstated,&rdquo; said IoTeX CEO and Co-Founder Raullen Chai. &ldquo;For IoTeX, it represents another step toward becoming the leader within the burgeoning Decentralized Physical Infrastructure Networks (DePIN) space. It also represents a paradigm shift in how blockchain platforms value and compensate their development community.&rdquo; &ldquo;By proposing the revenue-sharing mechanism through SGD, IoTeX opens the doors for community members to actively participate in shaping the platform's future and fostering a vibrant ecosystem,&rdquo; Chai said. Striking a fair balance As users interact with dApps on the IoTeX blockchain, a portion of the transaction gas fees is automatically accrued in the SGD treasury. The proposal recommends that 30% of the gas fees be reallocated to the SGD treasury to strike a fair balance and incentivize sustainable growth. At the same time, the remaining portion continues to contribute to the Proof-of-Stake (PoS) rewarding pool. The actual ratio may be subject to adjustment through governance voting. DApp owners can withdraw their accumulated revenue by initiating a claim action. The SGD treasury verifies the eligibility criteria, including transaction volume and time deployed on the chain, through the SGD registry. Once the criteria are met, the treasury issues the corresponding rewards. To maintain the integrity and quality of the ecosystem, the IoTeX Foundation implements a review process, approving dApps based on their performance and adherence to guidelines. Transparency and efficiency The SGD initiative comprises two main components to ensure transparency and efficient management: the SGD Treasury and the SGD Registry. The treasury module handles gas fee distribution, accounting, and the SGD rewards claims process. The registry consists of a system contract and an indexer. dApp owners utilize the system contract to register their dApp contracts and reward addresses, while the indexer keeps track of SGD contract addresses, owners, and the number of contract calls. Implementing this fee-sharing model requires careful consideration to prevent potential abuses. To address this concern, the IoTeX Foundation has set eligibility criteria to qualify for revenue sharing. DApps must have completed at least 100,000 IoTeX Layer 1 blockchain transactions, have been deployed and running smoothly for at least one month, and receive approval from the IoTeX Foundation. The Foundation reserves the right to disapprove dApps involved in spam transactions or illegitimate activities, thereby safeguarding the integrity of the SGD program and protecting users' interests. Driving innovation Implementing the SGD feature will be part of an upcoming hard fork, ensuring backward compatibility with existing applications and infrastructure. With this forward-thinking proposal, IoTeX joins a growing movement for blockchain platforms to actively reward their dApp creators, driving a virtuous cycle of innovation, user engagement, and overall ecosystem growth. As IoTeX continues to expand its reach and influence, IIP-15 solidifies its position as a trailblazer in blockchain technology. Through this revenue-sharing model, IoTeX sets the stage for a new dApp development era that rewards creativity, nurtures innovation, and fosters a new and exciting design space for Web3 applications. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The crypto project Worldcoin is keeping up with its impressive trend of attracting funding. In its latest funding round, the project has raised $115 million.  The investment project HedgeUp (HDUP) is also impressive on the DeFi side of things. Currently, in stage 3, the project’s presale has raised $1.8 million and counting. Sam Altman’s Worldcoin […]

The crypto world keeps evolving by introducing life-changing assets and protocols such as decentralized finance (DeFi), Web3, and non-fungible tokens (NFTs). The most recent member of this group of crypto advancements is AI technology concerned with simulation, automation, and computer programming. InQubeta (QUBE) is the blockchain-based cryptocurrency of a growing ecosystem that puts the DeFi […]