Hello Bitnity Community!
We are thrilled to announce that Bitnity has been taken over by a new, dynamic team dedicated to transforming this channel into your premier destination for all things crypto!
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✔️ Tips: Learn strategies and techniques that can enhance your trading performance.
Join us on this exciting journey as we navigate the crypto landscape together with confidence and expertise. Don't forget to turn on notifications so you never miss an update!🔈
Welcome aboard, and let's achieve crypto success together!
Warm regards,
The Bitnity Team
We are thrilled to announce that Bitnity has been taken over by a new, dynamic team dedicated to transforming this channel into your premier destination for all things crypto!
Welcome to the new Bitnity – your source for the latest news, insightful analysis, and strategic tips to give you an edge in the ever-evolving cryptocurrency markets. Whether you’re just starting your crypto journey or you're an intermediate investor or trader looking to sharpen your skills, Bitnity has something for everyone.
Here's what you can expect:
Join us on this exciting journey as we navigate the crypto landscape together with confidence and expertise. Don't forget to turn on notifications so you never miss an update!
Welcome aboard, and let's achieve crypto success together!
Warm regards,
The Bitnity Team
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Donald Trump has been convicted on all 34 counts in his New York 'hush money' trial, marking him as the first former president to be found guilty of felonies. Witnesses say he remained motionless, staring ahead, as the verdict was announced.
TRUMP token holding steady despite of the news.
https://coinmarketcap.com/currencies/maga/
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The SEC has instructed spot Ethereum ETF issuers to submit their initial draft S-1 forms by Friday, according to The Block.
It appears that the decade-long saga of Mt.Gox may be drawing to a close. Recent reports from Arkham on May 28 revealed a significant development: Mt.Gox initiated a transaction totaling $9.62 billion worth of BTC from numerous wallets. This event marked the first movement of these funds in over five years.
On the same day, Mt.Gox’s trustee issued a statement, confirming that the transfer was a crucial step in the preparation of Bitcoin repayments to creditors. Former Mt.Gox CEO Mark Karpeles further clarified that the movement of funds was an integral part of the distribution process. Notably, Mt.Gox’s final repayment deadline looms on October 31, 2024.
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Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation
President Biden has previously vetoed measures that passed both the Senate and House with bipartisan support. For example, in May, he vetoed a measure to overturn a joint employer rule, which had been approved by bipartisan margins in both chambers, according to Bloomberg Law.
Over the past year, the bulletin has sparked controversy within the crypto industry due to concerns that it could hinder banks from safeguarding digital assets. It mandates that firms holding custody of crypto record customer crypto holdings as liabilities on their balance sheets.
The SEC has described SAB 121 as "non-binding staff guidance" aimed at enhancing disclosures to investors.
President Biden has previously vetoed measures that passed both the Senate and House with bipartisan support. For example, in May, he vetoed a measure to overturn a joint employer rule, which had been approved by bipartisan margins in both chambers, according to Bloomberg Law.
Over the past year, the bulletin has sparked controversy within the crypto industry due to concerns that it could hinder banks from safeguarding digital assets. It mandates that firms holding custody of crypto record customer crypto holdings as liabilities on their balance sheets.
The SEC has described SAB 121 as "non-binding staff guidance" aimed at enhancing disclosures to investors.
Binance Founder CZ Begins Four-Month Sentence as Richest Inmate in U.S.
Changpeng Zhao, commonly known as CZ and founder of Binance, has reported to a low-security facility in California to begin his four-month federal prison sentence. This follows his guilty plea in November 2023 for failing to implement adequate anti-money laundering protocols at Binance, the largest cryptocurrency exchange in the world. Alongside his prison term, Zhao was fined $50 million personally in April.
Binance agreed to pay a staggering $4.3 billion settlement, one of the largest in history, eliciting mixed reactions within the crypto community. According to Sam Mangel, a federal prison consultant, Zhao is expected to serve the full 120 days without benefiting from any earned time credit programs. Despite the discomfort of prison life, Mangel believes Zhao will remain safe and not face extortion or danger.
Changpeng Zhao, commonly known as CZ and founder of Binance, has reported to a low-security facility in California to begin his four-month federal prison sentence. This follows his guilty plea in November 2023 for failing to implement adequate anti-money laundering protocols at Binance, the largest cryptocurrency exchange in the world. Alongside his prison term, Zhao was fined $50 million personally in April.
Binance agreed to pay a staggering $4.3 billion settlement, one of the largest in history, eliciting mixed reactions within the crypto community. According to Sam Mangel, a federal prison consultant, Zhao is expected to serve the full 120 days without benefiting from any earned time credit programs. Despite the discomfort of prison life, Mangel believes Zhao will remain safe and not face extortion or danger.