In response to a recent consultation by the UK HM Treasury on the regulation of crypto-assets, Binance has stated that a regulatory framework for crypto should prioritize consumer protection, market integrity, and financial stability. The exchange believes that regulators need to take a balanced approach to regulating the crypto industry to ensure that it can
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The NFT market is constantly evolving, and investors are always on the lookout for the next big investment opportunity. With the recent success of Bored Ape Yacht Club (BAYC) and CryptoPunks, it’s clear that there is huge potential for returns in the NFT world. However, navigating the market can be daunting, with new projects launching
Bitcoin’s price has been fluctuating amidst market volatility. On May 2, Bitcoin struggled to maintain its $28,000 support after the month opened to multiday lows. The previous day’s Wall Street open brought the latest wave of downside volatility, with the pair dipping below $27,700. This followed a leg lower immediately after the weekly and monthly
Andreessen Horowitz, also known as a16z, has urged regulators in the UK to adopt a more nuanced approach towards crypto regulations. In a response letter to the UK Treasury’s Future Financial Services Regulatory Regime for Cryptoassets consultation, the venture capital firm argued that regulators must distinguish between risky centralized crypto systems and less risky decentralized
Pacwest Bank, a regional bank based in Beverly Hills, California, experienced a sharp drop in its stock price following the release of its first-quarter earnings report. The bank’s shares plummeted by 35% on Tuesday at 11:00 a.m. Eastern Time, due to a “net loss available to common stockholders of $1.21 billion, or a loss of
While Western tech giants like Meta are investing in virtual worlds for consumers in the metaverse, China is taking a different approach. The Chinese government is backing strategic technologies and setting rules to govern cyberspace. Rather than creating a virtual world for socializing, China’s metaverse aims to put technology to work in supporting the economy.
Bitcoin (BTC) has dropped to multi-day lows as it approaches $28,000 support after the May 1 Wall Street open. The decline comes as markets digest fresh United States banking jitters. Despite warnings that another lender might already be in trouble, Bitcoin has shown little interest in mimicking its reaction to the start of the banking
The Kremlin Spokesman Dmitry Peskov informed reporters on Tuesday that Russia is closely observing the state of the U.S. economy as talks of possible debt default continue. Peskov stated that the U.S. economy, along with the global economy, is currently facing certain problems, with inflation expectations staying at a high level. He added that all
The U.S. Securities and Exchange Commission (SEC) has imposed fines and cease-and-desist orders on three parties involved in UpToken, a cryptocurrency securities offering. Up Global, Coinme, and Neil Bergquist, CEO and founder of both companies, were found to have sold securities without registering and without obtaining an exemption from registration. The three parties raised $3.65
Binance CEO Changpeng Zhao has announced that he will prevent crypto entrepreneur Justin Sun from farming SUI tokens with his $56.1 million True USD (TUSD) deposit. This follows Whale Alert’s report on May 1st that Sun had made the deposit, leading to speculations that he was attempting to farm the SUI token through LaunchPool. Binance’s