![]() Everyone knows, 3 strikes and you’re out. But collectively, happening at the same time – raises a few eyebrows. Individually, the three events aren’t reasons to push the panic button. The announcement to remove select trading pairs and pause OTC trading has caught a few people’s attention because it could signal a move to slowly wind down services. The SEC believes that CZ (CEO of Binance) will move customer funds out and wants to prevent it from happening I thought restraining orders were only for crazy exes ![]() We’re big on “innocent until proven guilty”, but it's not a good look. The lawsuit had a bunch of big accusations – wash trading, commingling funds, etc. Why this matters: There’s a few things to highlight… Wednesday: it announced it would be removing select trading pairs and paused OTC trading.Īlexa, play “It’s Getting Hot In Here by Nelly”. ![]() Tuesday: a restraining order was filed to freeze its assets. also recognize the power and potential of blockchain technology.Every week, someone is in the Crypto Hot Seat. According to the statement made during its introduction in March, the public chain also. Perianne Boring, the chamber's founder and president, said per reports, “Other developed nations are promoting the adoption of blockchain and digital assets. Binance Chain will empower the record keeping infrastructure of the DEX. government support of blockchain technology, Coindesk reported. According to the bill, digital assets are “a representation of economic, proprietary or access rights that is stored in a computer readable format, and includes digital consumer assets, digital securities and virtual currency.” The legislative body also passed HB0185, which allows for the issuance of securities in the form of tokens, and HB0074 to address the challenges of banking for digital currency startups.Īnd the Chamber of Digital Commerce, an advocacy organization, is looking for U.S. The state’s house of representatives approved SF0125 to help enable banks to become custodians of digital assets. On another note, legislators in Wyoming recently passed multiple bills related to digital currency, Coindesk reported. Solidus Founder and CEO Asaf Meir said, according to reports, “Our machine learning-powered surveillance system is able to continuously learn as new patterns emerge and reveal new manipulation schemes or openings for manipulation.” With the investment, the company is looking to grow its machine learning and engineering efforts along with growing its teams. Hanaco Ventures reportedly led the round, with participation from David Krell, Norman Sorensen and Global Founders Capital. In other news, digital currency surveillance firm Solidus Labs notched $3 million in funding, Coindesk reported. It has the largest trading volume and many different cryptocurrencies to trade. This solves the issues many other decentralized exchanges face with speed and power.” Angela Wang - ApBinance is a very popular cryptocurrency exchange. Binance CEO Changpeng “CZ” Zhao in an announcement for the launch, “With the core Binance Chain technology, Binance DEX can handle the same trading volume as is handling today. With the concept of a dex, users can trade using their wallets instead of transferring their digital currency into a crypto exchange. Binance DEX refers to the decentralized exchange features developed on top. Digital currency exchange Binance, which has approximately $1 billion in trading volumes each day, rolled out a decentralized trading service (dex), according to reports. Binance Chain is a blockchain software system developed by Binance and its community. ![]()
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