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Elon Musk Being Sued Over Dogecoin Does Not Mean He is Guilty, Says CZ

Summary:

Binance CEO, CZ, has pointed out that Elon Musk being sued does not necessarily mean he is guilty.CZ was responding to an article by the team at CoinMarketcap on the ongoing $258 billion lawsuit against Elon Musk, Tesla, and SpaceX for playing a role in running a ‘Dogecoin pyramid scheme.’In an interview with Fortune magazine, CZ cautioned that the ongoing crypto downturn could last about four years.Binance CEO, CZ, has pointed out via Twitter that Elon Musk reportedly being sued does not necessarily mean he is guilty.

CZ was responding to another tweet by the team at Coinmarketcap, which included an article on the recently initiated $258 billion lawsuit against Elon Musk, Tesla, and SpaceX for allegedly playing a role in the running of a ‘Dogecoin pyramid scheme.’ Both tweets can be found below.
Coinbase Petitions the US SEC to Begin Rulemaking on Digital Asset Securities

Summary:

Coinbase has filed a petition requesting the Securities and Exchange Commission to start rulemaking on digital asset securities.Coinbase states that existing rules for traditional securities do not work for digital assets.The exchange requests the SEC to develop a workable regulatory framework guided by formal procedures and public notice-and-comment processes rather than arbitrary enforcement.Coinbase’s petition comes on the same day the SEC classified nine tokens as securities in a petition against a former exchange employee accused of insider trading.Coinbase, the San-franscico-based crypto exchange, has petitioned the Securities and Exchange Commission to start rulemaking on digital asset securities.

The US Risks Falling Behind in Digital Asset Innovation – Coinbase’s Chief Policy Officer.According to Coinbase’s Chief Policy Officer, Faryar Shirzad, there has been tremendous growth in the digital asset industry in recent years. However, and 13 years after bitcoin was introduced, there ‘is still no meaningful crypto securities market in the United States.’

He adds that traditional securities rules put in place in 1933 and 1934 do not work for digitally native instruments. As a result, the United States risks falling behind in digital asset innovation.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!

Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.

CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.

When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!

Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.

The metauniverse is scheduled to launch on September 1.
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!

Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.

Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!

Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
The SEC Announces New Coinbase Investigation

Coinbase is one of the world’s largest and most powerful cryptocurrency exchanges, but lately, it’s having a hard time.

Coinbase Is Being Looked at by the SECThings started out rough a few months ago when the company announced it was going to be enforcing a hiring freeze due to the ongoing crypto winter. Initially, 2022 was going to be the year in which the exchange rose to new heights and practically tripled its workforce, but crashing prices ultimately brought an end to these plans.

From there, things got so bad that the company was forced to let go of about 18 percent of its staff. Then a former executive was wrapped up in a digital currency insider trading scheme. Now, it looks like Coinbase is the subject of a new Securities and Exchange Commission (SEC) investigation. The agency is accusing the platform of selling unregistered securities, a claim that Coinbase is fervently denying.
Analyst Says Bitcoin (BTC) Weakening, but Crypto Markets Can Rally This Week After Fed Meeting

A popular analyst is considering how the Federal Reserve’s upcoming policy meeting will impact both Bitcoin (BTC) and the broader economy.

The anonymous host of InvestAnswers first tells his 444,000 YouTube subscribers that all eyes will be on Chairman Jerome Powell during the Fed’s three-day Wyoming retreat, noting that markets will probably rally if interest rates don’t go up again.
Top Crypto Analyst Sees Silver Lining for Bitcoin, Says October Historically Bullish for BTC

A popular crypto strategist says that based on historical price action, Bitcoin (BTC) could be setting up for a bullish October.

The pseudonymous analyst known as Kaleo tells his 535,900 Twitter followers that a much-needed relief rally may be in sight for BTC.
Make Giving Pay: DeVO’s DVO DIGITAL ASSETS (Token) Revolutionise Charitable Giving and Reward Investors

The philanthropic sector is a $2.3 trillion economy. Giving money away is not as easy as it sounds. There exists an entire subsidiary engine of value – volunteers, charitable organizations, and logistics, that helps facilitate the movement of money from donor to cause. It is value which is under-monetised and under-rewarded. Volunteers don’t volunteer for rewards, but there is no reason they shouldn’t receive them, especially when there is so much funds in the ecosystem that can be moved more efficiently by using the blockchain.

DeVO is a protocol that seeks to streamline the relationship between charitable giving and the causes it supports, between the donors and volunteers who drive philanthropy. Its smart contracts organise the process, creating decentralised transparency between the volunteer organisations (VOs) who set up fundraising drives to complete a goal and the donors who pledge to support their cause. The DeVO protocol verifies users and then facilitates their relationship.
Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.

Unus Sed Leo (LEO)Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses.

Following a low of $3.78 to start the week, LEO/USD rallied to an intraday peak of $3.94 earlier in the day.
Michael Saylor Says SEC Should Shut Down XRP, Ethereum, Solana and Other Altcoins for Being Unregistered Securities

Bitcoin (BTC) firebrand Michael Saylor says the U.S. Securities and Exchange Commission (SEC) would be right to shut down essentially all altcoins which he says are being sold as unregistered securities.

In a new interview on the PDB Podcast, the former chief executive of MicroStrategy says that many altcoins, especially leading smart contract platform Ethereum (ETH), are committing securities fraud.
Huobi Korea Set To Breakoff From Parent Entity: Report

Summary:

The Korean division plans to operate on its own and separate from Huobi Global, the parent company of the Singapore-based crypto exchange.Local media house News1 reported ongoing negotiations for an equity deal between major shareholders.The separation comes on the heels of staff cuts and changes to the company’s operational structure. Huobi Korea is on the verge of separating from its parent entity amid internal restructuring and staff cuts, local media outlet News1 reported on Monday. According to the report, the Korean division of the major crypto exchange plans to operate a standalone business moving forward.

As part of the process, major stakeholders within the company will negotiate an equity deal. Huobi Global Founder Leon Lin currently who owns roughly 72% of the platform’s Korean subsidiary, will reportedly split ownership between Chairman Jo Guk-Bong and other majority shareholders at the crypto exchange per New1’s report.
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange

On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi.

FTX Debtors Leverage Official Twitter Account to Inform CommunityFTX debtors who control the official FTX Twitter account are warning the community about entities claiming to be associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy, and the restructuring team and debtors use the official FTX Twitter account often to inform the community of updates. On Feb. 17, 2023, the debtors issued a warning, stating that the bankrupt firm has not issued any debt tokens.

“The FTX Debtors remind stakeholders to be on alert for scams from entities claiming to be affiliated with FTX,” the bankrupt exchange’s official Twitter account said on Friday. “The FTX Debtors have not issued any debt token and any such offers are unauthorized.”
StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading

March 23, 2023 – London, United Kingdom

StormGain, the all-in-one crypto platform, has announced the launch of StormGain DEX, a new platform for decentralized trading.Following several weeks of successful trials, the DEX has exited beta and is open to the public.

StormGain DEX supports decentralized trading of digital assets with no custodial risk. Users retain control of their keys and thus their coins at all times.
‘Fast Track’ Crypto Registration Mulled By French Watchdog After MiCA Vote

Summary:

The French Financial Markets Authority could fast-track crypto registration for companies like Binance that already run regulated digital asset businesses in France.Regulators in France are considering the sped-up regime as the EU’s landmark MiCA bill was overwhelmingly backed by legislators, beckoning a new crypto regulatory era across European states.The French AMF also noted that lawmakers would continue to assess rules for DeFi and NFTs as these two ecosystems do not fall under MiCA’s purview.Regulators from the French Financial Markets Authority (AMF) are moving to fast-track crypto registration for approved digital asset businesses in the country. The AMF’s decision comes after lawmakers from the European Union voted in favor of the Markets in Crypto Assets Bill or MiCA which will dwarf existing crypto regulations across EU states like France.

MiCA’s bloc-wide rules require crypto businesses and wallet providers to register for a license under strict regulations. Stablecoin operators must also hold sufficient reserves for the coins they issue. The bill garnered massive support from lawmakers, winning votes 13-1 during a parliamentary session on Thursday. MiCA takes effect from 2023, 12-18 months after the bill is passed and Published in the bloc’s Official journal.
CME Group to Allow Bitcoin Contracts to Expire Every Day of the Week

CME Group in Chicago, one of the world’s biggest derivatives marketplaces, says it’s going to be expanding its Ethereum and bitcoin-based options across both standard and micro-sized contracts.

CME Group to Establish All-Day Bitcoin Contract TradingThe news comes right as several other Ethereum and bitcoin-focused contracts are reaching their expirations now in late May. Through these new contracts, expiries are set to be available every day from Monday through Friday of each week. In a statement, Giovanni Vicioso – the CME Group global head of cryptocurrency products – said:

We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term bitcoin and ether price risk. Against a backdrop of heightened market volatility in the digital asset sector, we continue to see clients turn to a trusted, regulated venue like CME Group for reliable and efficient cryptocurrency risk management products.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.

🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Top Doge: Alex The Doge (ALEX), Dogecoin (DOGE) Vs Baby Doge Coin (BabyDoge), Who’s All Bark and No Bite?

The meme-inspired cryptocurrency arena has witnessed an explosive growth phase over the past couple of years, with ‘Doge-themed’ tokens taking the lead. Among these, Dogecoin (DOGE), Baby Doge Coin (BabyDoge), and the recently emerged Alex The Doge (ALEX) have created a significant buzz. But as users flock to these ‘Doge-themed’ currencies, the question emerges: who among these is all bark and no bite?
Minnesota Couple Loses Over $9,200,000 After ‘LinkedIn Adultress’ Misleads Man into Crypto Scam: Report

A couple from Eden Prairie, Minnesota are down nearly $10 million after one of them fell victim to a crypto romance scam over LinkedIn.

Police in the North Star State say a man was enticed by hitting the jackpot in a purported investment scheme that promised to pay out massive yields, according to a report from local publication Star Tribune.
Robinhood Embraces Bitcoin And Dogecoin For Its Wallet As It Set Sights Outside Ethereum’s Ecosystem

Robinhood Wallet has announced support for new virtual currencies nearly six months after its initial launch, offering users with a range of options.

In an Aug. 30 blog post, Robinhood confirmed support for Bitcoin (BTC) and Dogecoin (DOGE) for all classes of users. Going forward, users of the self-custody wallet can hold and send BTC and DOGE, with the firm hinting at support for more assets.

Apart from Bitcoin and Dogecoin, Robinhood users can interact with various networks, including Optimism, Polygon, Ethereum, and Arbitrum.