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1 day agocryptodaily
Daniel Leon, Co-Founder of Celsius, Resigns
Daniel Leon, the co-founder of the troubled cryptocurrency lender Celsius, has handed in his resignation merely a week after CEO and co-founder Alex Mashinsky stepped down from the firm according to reports from Bloomberg. Daniel Leon, the man who co-founded Celsius along with former CEO Alex Mashinsky has also stepped down from the bankrupt crypto lender as its chief strategy officer. The news was initially reported by CNBC citing unnamed sources and an internal memo but was later confirmed by Bloomberg. The now-defunct Celsius confirmed the information, saying that Leon was “no longer part of the organisation.” Celsius’ co-founder and CEO Alex Mashinsky stepped down on September 27 saying that he had become a “distraction” to the company. News broke earlier this week that Mashinsky had withdrawn $10 million from the company’s account in May, just weeks before the platform halted customer withdrawals. A source for the Financial Times said that this came after he had taken out the same amount during the nine months prior. Daniel Leon owns 32,600 Celsius shares and filed in a U.S. bankruptcy court to have his shares of the company declared worthless on September 5. It remains unclear what will happen to his dividends. Celsius’ Liquidity Crisis Celsius was once a leading cryptocurrency lender but turned sour leaving in its wake billions in debt and customers wondering if they will ever see their money again. The firm halted customer withdrawals in June stating it was “taking the necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets.” Only a month after pausing customer withdrawals, the stricken yield platform filed for Chapter 11 bankruptcy. In a desperate attempt to generate liquidity to continue its daily operations, the firm applied to the court for authorization to sell its stablecoin holdings. A hearing is scheduled for October 6 to discuss the proposed sale. Executives Fall Under The Fire of The Crypto Winter Leon joins a host of executives to have departed the crypto sector amid the ongoing bear market. Executives including CEO of MicroStrategy, Michael Saylor, Kraken CEO Jesse Powel, FTX U.S. president Brett Harrison, and Genesis CEO Michael Moro have all stepped down to less visible advisory roles. Other executives such as former Alameda Research co-CEO Sam Trabucco, Ignite CEO Peng Zhong, and Voyager Digital’s chief financial officer Ashwin Prithipaul have pivoted into completely different roles. 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.
3 days agocryptodaily
In the near distant future, we can design and own the activities of our avatars. NFT images are simply not dynamic enough to allow this. There is something new called EVT (Encrypted Variable Token) which allows a digital asset to grow, be molded, shaped, and released for continual asset gaining in the Metaverse. The most interesting part about EVT is that it gives owners privacy through it’s uniquely designed smart contract. The token is written with secure dynamic code. This is extremely exciting. It means once I own my EVT, may it be a 2D image, a 3D image, a 4D cinematic experience, or a mp3 music piece, it has the potential to gain in value continuously throughout its lifetime depending on the interactions that happens with its surrounding virtual environment and people. This takes the metaverse into a whole new level. Instead of a static collectible item, these EVTs will become alive, or sentient. EVTs can be designed with a programmable birth date, the age hurdles in between, and some with a death date if desired. The designer’s imagination is no longer limited and can realize intrigues we have never seen in reality. There is an EVT example of this in the Andverse Metaverse called the Infinity Flower. It was seeded in late May of 2022, and now it continues to grow as passerby comes to view it. This flower was programmed with no death date because it is infinite. A passerby has an array of options, to view it, to water it, to give it nutritious soil, boost its light intake, and shower it with love energy. All of these options will help it grow continuously, infinitely into the digital future of mankind. One can design any item, thing, or being. Some cool film EVT concepts are already in the works by one of Newton’s Blockchain communities called the BitPenguin Studio. Some other examples include EVT animal that quickly evolves from a mini ferocious furball to a kind giant mammoth looking entity. There are metahumans being born every day, programmed with different styles, personalities, traits, and the owner may purchase other EVT boosters to give it a new skill set, or a new superpower, like touch everything and turn it into an ice sculpture for a second. Anything you can imagine in the vast world of virtual games ever made, can now be realized in the metaverse via EVTS. Each time there’s a boost, the main asset will gain value, either for keepsake as an avatar friend, or traded or released into different meta-terrains. Newton (NEW) global tech team is working on optimizing the EVT technology conceptualized in February, 2022. J.Z. Xu, Newton’s founder, hopes to see the adoption of EVTs in the metaverse by the end of this year. This will revolutionize the way people interact with digital entertainment in the future. The possibilities and applications are vast for the industry of fashion, art, music, and films. The Newton community also has developed a premier EVT mobile app called Wave ready to drop any day, allowing first users to experience the infinity flower and beyond. For more information, Visit : Wave | Newton Project 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.
6 days agocryptodaily
Binance Registers as Financial Service Provider in New Zealand
Binance announced that it has obtained registration as a Financial Service Provider (FSP) with the New Zealand Ministry of Business, Innovation, and Employment. On September 29, Binance, the world’s largest cryptocurrency exchange by market capitalization, announced that it had successfully registered as an FSP with the New Zealand Ministry of Business, Innovation, and Employment. The news was shared on Binance’s official Twitter account by the exchange’s CEO Changpeng (CZ) Zhao. CZ said: New Zealand is an exciting market with a strong history of fintech innovation. Our team of Binancians in New Zealand are working hard to bring freedom of Crypto to Kiwis. The CEO added: I guess for some, it’s easy to overlook as it’s a smaller market but we see significant value in having a serious New Zealand presence. We see New Zealand as a bit of a pioneer, so from that perspective, I think there’s a lot to be learned here with our local team working with Kiwis to envisage the future of currency, transactions and the web. According to data from Binance, Oceania accounts for one million of its current 320 million cryptocurrency users across the world. New Zealand is however not the exchange’s first establishment in the region. Binance also operates Binance Australia where it has over 700,000 active users. The exchange also recently launched cryptocurrency contracts for differences (CFDs) for wholesale traders. The announcement from Binance comes only a week after it secured a Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA) following the issuance of a provisional license in March 2022. In July, Binance secured the Virtual Asset Services Provider (VASP) registration from the Bank of Spain – just a month after also obtaining registration in France. Binance also disclosed that it was in talks with the Nigeria Export Processing Zones Authority to support the establishment of Africa’s first virtual free trade zone in Nigeria according to reports from Finance Magnates. 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.
11 days agocointelegraph
LUNC investors react to CZ's 1.2% trading tax recommendation on Binance
Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance.
13 days agocryptodaily
FTX Building A $1B War Chest, Crypto Daily TV 23/09/2022
In Todays Headline TV CryptoDaily News: FTX builds $1 billion war chest to buy up distressed crypto. CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. Binance CEO Says Bear Market Is 'Healthy' for Crypto Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that's not stopping his belief that the bear market is healthy. CEOs of major banks won't financially back crypto mining. The chief executive officers of the biggest banks in the US will not financially back crypto mining activities. CEOs from Bank of America, Wells Fargo & Company and Citigroup were present during a congressional hearing, where Rep. Brad Sherman questioned the three executives if they would finance crypto mining activities. BTC/USD exploded 4.3% in the last session. The Bitcoin-Dollar pair skyrocketed 4.3% in the last session. The ROC is giving a positive signal. Support is at 17185.5117 and resistance is at 20533.5117. The ROC is currently in positive territory. ETH/USD exploded 6.4% in the last session. The Ethereum-Dollar pair exploded 6.4% in the last session. The Williams indicator indicates an oversold market. Support is at 1120.1867 and resistance is at 1452.1667. The Williams indicator points to an oversold market. XRP/USD exploded 23.7% in the last session. The Ripple-Dollar pair skyrocketed 23.7% in the last session. The MACD is giving a positive signal. Support is at 0.3536 and resistance is at 0.4523. The MACD is giving a positive signal. LTC/USD exploded 4.1% in the last session. The Litecoin-Dollar pair gained 4.1% in the last session after rising as much as 5.8% during the session. The RSI's negative signal is in line with the overall technical analysis. Support is at 47.081 and resistance is at 57.521. The RSI is currently in negative territory. Daily Economic Calendar: US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Dutch Gross Domestic Product at 04:30 GMT, Japan's CFTC JPY NC Net Positions at 19:30 GMT. NL Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK's CFTC GBP NC Net Positions will be released at 19:30 GMT, Canadas's Retail Sales at 12:30 GMT, Singapore's Consumer Price Index at 05:00 GMT. CA Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. SG Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. 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.
22 days agocoindesk
Binance CEO Zhao Says EU's Proposed Crypto Rules Are Fantastic, but Strict
Changpeng Zhao also said the Paris is probably "the financial hub for crypto" in Europe and a larger part of the world.
22 days agocryptodaily
Invest-And-Retire Shortlist: Uniglo (GLO), VeChain (VET), Axie Infinity (AXS), FTX (FTT), And Binance Coin (BNB)
In the current environment, many conventional investments seem very risky. The crypto market has been turbulent in recent months, and values are decreasing in several regions of the globe. Therefore, it is not surprising that individuals are seeking alternatives. To help you get started on your retirement planning, we've compiled a list of five of the best investments for retirees. This "Invest-And-Retire Shortlist" features Uniglo (GLO), VeChain (VET), Axie Infinity (AXS), FTX (FTT), and Binance Coin (BNB). Here is a deeper look at why each one may provide income. Uniglo (GLO) The Ethereum-based project Uniglo will be introduced in the following months. The whitepaper for Uniglo describes it as a community-based social currency that will be supported by digitalized real estate, digital cash, and valuable NFTs. The main objective of this coin will be to lessen the industry's high level of volatility. This is significant in light of recent events in the cryptocurrency sector, where the prices of most currencies have fallen by more than 50%. The protocol will use an ultra-burn approach to make the coin truly volatility-hedge. Besides buy back and burns, 2% of each $GLO sale will automatically burn, making GLO scarce crypto. Although Uniglo is not yet publicly accessible as an ICO, its presale price has increased by 30% and is at $0.013. VeChain (VET) VeChain is a platform for distributed ledger technology (DLT) that simplifies supply chain management. Combining Internet of Things (IoT) devices with blockchain technology, the solution gives companies and consumers visibility, traceability, and legitimacy. Based on the price variations of VeChain at the start of 2022, crypto experts anticipate that the average VET price in September 2022 will be $0.033. The projected lowest and maximum prices are $0.029 and $0.045, respectively. Axie Infinity (AXS) Axie Infinity is blockchain-based commerce and combat game that its players partly own and run. Each Axie is a non-fungible token (NFT) with unique traits and strengths that can be entered into 3v3 fights, with the winning side receiving additional experience (exp) points that can be used to increase an Axie's attributes or develop its bodily parts. These Axies may mate to generate unique progeny that can be utilized or sold on the Axie market. Axie Infinity is trading at $14.26 per USD as of September 6, 2022, with a price predicted to go uptrend in upcoming months. FTX (FTT) The FTX cryptocurrency derivatives trading platform, which went live on May 8, 2019, uses FTT as its native cryptocurrency token. The team behind FTX comprises some of the biggest cryptocurrency traders in recent years. They chose to build their platform after finding problems with the majority of popular crypto futures exchanges. According to FTX, it is unique because of characteristics like worldwide stablecoin settlement, a controlled collateral pool, and clawback avoidance. The network offers competitive programmable payment, logistics, and storage alternatives as dApps and stable currencies grow. If additional investors are drawn to the concept, the average price of FTT may increase to roughly $38.06 by 2022. Binance Coin (BNB) Changpeng Zhao, the co-founders of Binance Exchange, mainly initiated this project to solve many trading-related issues in the cryptocurrency industry. His careful implementation of Binance Coin's long-range plan allowed it to compete with several other cryptocurrency exchanges today. Binance predicts the future of BNB to rely on the development of the Binance Exchange platform. Given the present situation, Binance Coin's future seems promising, which may cause prices to reach new highs. Therefore, according to our estimate of the BNB price, it may reach $610 by the end of 2022. Learn More Here: Join Presale: Website: Telegram: Discord: Twitter: Disclaimer: This is a sponsored pressrelease andis 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.
42 days agocointelegraph
Nifty: M&M'S jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more…
Owners of luxury watches can now verify ownership as NFTs and then take DeFi loans out against them, while Miley Cryus may soon enter the metaverse and NFTs with new patents.
47 days agocryptosrus
Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters
Covered: CZ Raises Concerns CZ Raises Concerns The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in […] The post Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters appeared first on CryptosRus.
49 days agocointelegraph
Another crypto CEO steps down as Genesis Trading restructures leadership
Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.
51 day agocryptodaily
Curve Finance Down, Will Binance or HUH Exchange Overtake
After a disastrous hack left DeFi exchange Curve Finance with over $570,000 lost, there has been much discourse in the crypto community over the safety of the platform and what the future holds. As of the writing of this article, Binance (BNB) has revealed that they have been able to recover $450,000 of the stolen finances, with an overall goal to see the rest of the stolen finances returned to users and for the hacker to be identified. This is still a developing story, however, so be sure to stay tuned as it develops. In the wake of this hack, the future of Curve Finance is uncertain. However, this situation has left many other financial crypto projects with an opportunity to make a name for themselves and grow their value. Two such projects are Binance (BNB) and HUH Exchange, both of which provide unique solutions for users to maximise the potential of their cryptocurrencies. HUH Exchange Swaps The Old For The New With the news of the Curve Finance hack, crypto users may wish to turn to alternative exchanges to trade from. One alternative exchange new to the market is HUH Exchange, with its innovative user interface options and financial efficiency. The HUH Exchange has been designed to cater to traders of all experience levels by providing three interfaces built on the same exchange engine. These will include a beginner, intermediate and experienced trader interface, with the amount of information displayed on the screen reflecting the level of experience a trader holds. This is because HUH Exchange understands that, for newcomers, trading can be daunting. By making a beginner-friendly interface users can take their first steps into trading without fear, and as they learn and better understand the market can try out the more advanced interface systems. HUH Exchange is built on the HUH blockchain as part of its network and utilises the native HUH Token (HUH) as its primary pairing token. The uses of the HUH Token (HUH) are vast, expanding beyond the HUH Exchange and into the wider HUH Token (HUH) ecosystem. Notable aspects of the wider HUH Token (HUH) network include their cost efficiency due to using the Proof-of-Stake validation system, their NFT marketplace, and their mental health advocacy, with their charity venture toward male suicide prevention. HUH Token (HUH) has been experiencing a spike in interest as of late, thanks in part to its recent viral marketing stunt which involved a social media roadblock of 10,000 influencers. This has allowed the project to be noticed by more crypto users than ever before and is predicted to gain even more success following their 50,000 influencer roadblock scheduled for the end of 2022. It is therefore a fantastic opportunity to look into HUH Token (HUH) for yourself, and find out what it can do for you. Binance (BNB) Brings Hope To Curve Finance Hack Having been able to recover a majority of the stolen finances lost in the Curve Finance hack, Binance (BNB) has been on the receiving end of much media praise for its efforts. Alerted to the stolen funds after the hacker attempted to transfer them via their exchange, Binance (BNB) was able to freeze the transactions and recover them. It was also Binance (BNB) founder Changpeng Zhao that suggested the reason for the hack could be due to the poor Domain Name System (DNS) used by Curve Finance. Their ability to return the stolen funds, combined with the industry knowledge behind the project and the sheer size of Binance (BNB) makes it a particularly appealing exchange for crypto users. With Binance (BNB) being one of the top performing coins by market cap, it is no surprise that their exchange is also one of the market’s best, with its ease of use and wide array of tokens to engage with. Binance (BNB), much like HUH Token (HUH), has a lot to offer users outside of its exchange. These two ventures offer variety in the way their tokens can be used in their network, with some articles even comparing the two. However, both exchanges offer different solutions for users, making it important to do further research to find the perfect one for you. To find out more about HUH Token (HUH), check out this article. Or, learn more about HUH Exchange at the following links: Presale: Website: Telegram: Disclaimer: This is a sponsored pressrelease, andis 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
54 days agocryptodaily
Binance Announces Seizure Of Assets Linked To Curve Finance Exploit
Binance has announced that it has seized assets worth around $450,000 that is linked to the Curve Finance exploit that occurred a few days prior. This is the second large-scale seizure of funds linked to the exploit, with Fixed Float seizing around $200,000 worth of assets that the hackers deposited. A Significant Chunk Of Funds Recovered Binance CEO took to Twitter to announce that the exchange had managed to freeze a significant chunk of the funds stolen from the Curve Finance exploit earlier in the week. Binance CEO Changpeng Zhao shared an update on Twitter about the seized funds, stating that the exchange seized around $450,000 worth of stolen assets deposited by the hacker. According to Zhao, the seized funds represent around 80% of the funds stolen from Curve Finance during the exploit. He further added that the exchange is working with law enforcement to ensure that the funds are returned. Curve is yet to comment on the recovery of the funds by Binance. “Binance froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with [law enforcement] to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can’t catch it.” Second Seizure Related To Curve Exploit Binance’s seizure makes this the second seizure of assets linked to the Curve Finance exploit that took place earlier in the week. Previously, several reports emerged stating that Fixed Float, a Lightning Network-based exchange, had frozen $112 ETH (around $200,000) linked to the Curve exploit. The depositor had deposited the funds in the hope of laundering them and going scot-free with the exploit. As a result, the total funds recovered linked to the exploit have crossed $650,000. The Curve Finance Exploit Curve Finance had on Tuesday reported a significant breach in which the protocol’s front end was compromised thanks to a DNS attack, also known as cache poisoning. This allows the attacker to spoof the original webpage and trick users into entering their details into a malicious contract. When users interact with the contract and enter their information, hackers are able to drain their wallets. After the exploit, the hacker transferred a significant chunk of the stolen funds to Binance and Fixed Float, where the exchanges could freeze the funds. Curve had issued a warning to users after the exploit, stating, “What has happened strongly suggests to start moving to ENS instead of DNS.” The warning also suggested that ENS (Ethereum Name Service) could provide better security against front-end attacks. 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.
55 days agocoindesk
Pudgy Penguins NFT Prices Surge After Creator Unveils IRL Toys
Selected penguins from the long-standing collection are being turned into physical toys, causing the project’s floor to rise and sales to pump.
56 days agocryptodaily
LongHash Ventures Launches Its $100 Million Web3 Venture Fund II with Successful First Close
Singapore, Singapore, 10th August, 2022, ChainwireLongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, officially announces the launch of its $100 million LongHash Ventures Fund II. LongHash Ventures has received strong support from global investors and industry veterans for its successful first close. It has raised capital from well-known Web3 VCs, single family offices, and Web3 founders such as Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe, amongst others. The fund will continue to take in capital until the end of the year. Meanwhile, its accelerator arm LongHashX has recently obtained funding at an undisclosed valuation from Superscrypt, a Web3 investment firm founded by Temasek, as well as few large fund LPs including NGC. LongHash Ventures has earmarked its second fund for multi-chain Web3 infrastructure projects that support key verticals such as DeFi, NFT, GameFi, and the Metaverse. It will be investing in projects and teams from pre-seed to Series A. Thus far, LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe and Balancer. LongHash Ventures Fund II will also be investing in the pipeline of projects graduating from its accelerator arm LongHashX. Since its inception in 2018, the LongHashX Accelerator has emerged as Asia’s leading Web3 accelerator. It is the go-to partner for protocols like Polkadot, Filecoin, Algorand, and others looking to accelerate the growth of their respective ecosystems. Accelerator alumni include well known projects such as Astar, Xanpool, and Lit Protocol. “By running both an accelerator and an early stage fund that provides hands-on support, our unique value lies in leveraging LongHashX to bootstrap the Asia ecosystem for the protocols that we invested in, as well as in identifying founders and projects with massive potential very early on, and using our crypto-native knowledge and resources to help the teams achieve their potential and succeed. The second fund will enable us to support more founders and through subsequent rounds,” said Emma Cui, Founding Partner and CEO of LongHash Ventures. “In addition, being geographically headquartered in Singapore with team members distributed across Asia, including China, Malaysia, and India, we are uniquely positioned to help projects scale faster across the Asian region.” About LongHash Ventures LongHash Ventures is a leading Web3 investment fund and accelerator collaborating closely with founders to build their Web3 model and tap into the vast potential of Asia. We have invested in more than 60 projects including Polkadot, Instadapp, Zapper, Astar, and Balancer. We collaborated with their founders to develop their projects’ tokenomics, governance, and communities. As Asia's first and leading Web 3 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin and others to build more than 50 global Web3 projects which have raised more than $150m in the past 4 years. We are committed to realizing our mission of catalyzing growth for the next generation of the Web. LongHash Ventures is licensed by the Monetary Authority of Singapore. ContactsSay [email protected]
59 days agocryptodaily
Binance Denies WazirX Connection
Binance CEO has claimed that his firm never finalized the deal to acquire major Indian crypto exchange WazirX. Binance Turns Away From WazirX Binance CEO Changpeng Zhao has again stirred controversy with his comments about the Indian crypto exchange. According to CZ, the deal between Binance and WazirX fell through. CZ tweeted, “On 21 Nov 2019, Binance published a blog post that it had “acquired” WazirX. This transaction was never completed. Binance has never - at any point - owned any shares of Zanmai Labs, the entity operating WazirX…WazirX is responsible all other aspects of the WazirX exchange, including user sign-up, KYC, trading and initiating withdrawals.” According to him, Binance only serves as a tech solution for WazirX, providing only wallet services for the exchange. WazirX Parent Company In Trouble With Regulator The comments from the Binance CEO followed the controversies that have been dogging WazirX recently. India’s financial watchdog, the Directorate of Enforcement (ED), has brought money-laundering charges against the exchange’s operator Zanmai Labs. Reportedly, investigations led by the ED revealed that WazirX was receiving sizeable funds from questionable non-bank financial institutions and their fintech partners. The exchange has also been accused of laundering these funds abroad. The ED is also accusing Zanmai Labs of creating a “web of agreements” through different entities in order to obscure the ownership of WazirX. CZ Sides With Regulator Recognizing the severity of the matter, CZ has understandably taken a strong stand in support of the regulators, especially considering its previous dealings with the exchange. He said, “Recent allegations about the operation of WazirX and how the platform is managed by Zanmai Labs are of deep concern to Binance. Binance collaborates with law enforcement agencies all around the world. We would be happy to work with ED in any way possible.” On Saturday, CZ appealed to WazirX users to transfer all their funds to Binance. Soon after, all off-chain transfers from Binance to WazirX were also disabled, preventing users from freely transferring funds between the two exchanges. WazirX Founder Confirms Binance Deal WazirX co-founder Nischal Shetty has contributed his own two cents to the matter, claiming that Binance did acquire WazirX. In response to CZ’s vehement denial of a finalized deal with the exchange, Shetty also tweeted, “WazirX was acquired by Binance. Zanmai Labs is an India entity owned by me & my co-founders. Zanmai Labs has license from Binance to operate INR-Crypto pairs in WazirX. Binance operates crypto to crypto pairs, processes crypto withdrawal.” 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.
59 days agocoindesk
Panic Grips WazirX Users After Binance's CZ Asks Users to Move Funds
Changpeng "CZ" Zhao has stirred panic among users of WazirX saying Binance could shut down the Indian cryptocurrency platform and advising its users to transfers their funds to Binance.
60 days agozycrypto
CZ Sounds Warning To Market As Volatility Tumbles Another Leading Exchange
Changpeng “CZ” Zhao, co-founder and CEO of Binance, has sounded a warning to investors within the crypto space amidst the persistent pattern of paused withdrawals several crypto entities have resorted to, as the sharp volatility that characterizes the current Crypto Winter hit harder than the space can bear. CZ advised investors against choosing exchanges that […]
65 days agocryptodaily
Binance To Launch SBT For Wallet KYC
The crypto exchange has launched its first soulbound or non-transferable and non-financialized token, the Binance Account Bound (BAB). Binance’s New KYC Efforts The Binance crypto exchange will be amping up its identity verification efforts with the BAB Soulbound Token, which is built on the firm’s native build and build (BNB) chain. The token will act as a decentralized solution to the KYC requirements of the exchange. Owning a BAB token will verify a user’s status on the exchange. It would also facilitate certain third-party protocols. Therefore as of now, the BAB ownership is available for customers who want to go the SBT route for their KYC check as an opt-in feature on the Binance mobile app. Once Binance's KYC process has confirmed a user’s identity, they can directly mint the token onto their digital wallets. Customers who want to stick to the more traditional pathways of KYC can still opt to do so. As of now, owning a BAB token would simply indicate the KYC check; however, Binance might increase its functionalities and use-cases in the future. SBT As NFTs A fresh new Web3 concept introduced earlier this year, Soulbound tokens like BAB, are basically non-transferrable NFTs. Since these tokens can not be transferred, traded, or sold, they function perfectly as a wallet identifier as each is unique to the specific wallet holder on the blockchain. Furthermore, the Soulbound NFT can also store certain data about the wallet’s activities, like interacting with a dApp or smart contract. Binance CEO Changepeng Zhao (CZ) has spoken about the decision to launch the SBT, saying, “Soulbound Tokens will play a significant role in the way web3 credentials will work in a Decentralized Society… We foresee numerous use cases for the BAB token, and we will actively collaborate with the community to develop this revolutionary vision of decentralized society.” Unlocking The ‘Utility’ BAB will be the first soulbound token released on the BNB chain. The industry has been talking about pushing through all the hype over NFTs and discovering more constructive and long-term use cases. The NFT community is coming to terms with the need to uncover a true value proposition for non-fungibility. Is Soulbound Token the solution to that requirement? Looks like the Binance team believes so. The exchange has recently had a string of successes and has been delving into alternative token use in the space. 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.
66 days agocryptosrus
Country-specific crypto markets a bad idea, CZ says after gov’t talks
Covered: CZ Government Talks How Country-Specific Crypto Markets Swing Markets CZ Government Talks Binance CEO Changpeng “CZ” Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries. The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various governments as Binance continues its global expansion. […] The post Country-specific crypto markets a bad idea, CZ says after gov’t talks appeared first on CryptosRus.
66 days agocointelegraph
Country-specific crypto markets a bad idea, CZ says after gov't talks
Binance CEO Changpeng 'CZ' Zhao has stressed the importance of market liquidity after various countries ask for segregated order books.
71 day agocoindesk
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
72 days agocryptopotato
Binance CEO CZ Sues Bloomberg Businessweek for Defamation
Changpeng Zhao started a legal battle against Bloomberg's subsidiary in Hong Kong because the latter accused him of managing a Ponzi scheme.
72 days agocointelegraph
Binance CEO sues Bloomberg subsidiary alleging defamation
A Bloomberg article was republished by its Chinese subsidiary using the title “Zhao Changpeng’s Ponzi Scheme.”
72 days agocoindesk
Binance CEO Sues Bloomberg’s Hong Kong Partner for Defamation
Changpeng Zhao sued Modern Media CL on defamation for a magazine headline that portrayed Binance as a "ponzi scheme."

About PENG

The live price of PENG (PENG) today is ? USD, and with the current circulating supply of PENG at 10,134,003,075 PENG, its market capitalization stands at ? USD. In the last 24 hours PENG price has moved -0.000001 USD or -0.40% while 26.9555 USD worth of PENG has been traded on various exchanges. The current valuation of PENG puts it at #959 in cryptocurrency rankings based on market capitalization.

Learn more about the PENG blockchain network and how it works or follow the price of its native cryptocurrency PENG and the broader market with our unique COIN360 cryptocurrency heatmap.

Market Rank#959
Market Cap? USD
24h Volume? USD
Circulating Supply10,134,003,075 PENG
Max Supply16,000,000,000 PENG
Yesterday's Market Cap20,239.20 USD
Yesterday's Open / Close0.000003 USD / 0.000002 USD
Yesterday's High / Low0.000005 USD / 0.000001 USD
Yesterday's Change
-0.40% ( 0.000001 USD )
Yesterday's Volume26.9555 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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