SEC Investigating Binance And Other Exchanges, Says Senator Lummis Staff

SEC Investigating Binance And Other Exchanges, Says Senator Lummis Staff

Binance, the world’s largest cryptocurrency exchange, is facing legal risks such as accusations of money laundering and illegal securities offerings, as the Securities and Exchange Commission (SEC) is focusing its attention on every exchange operating in the United States. The news was first reported by Forbes on Thursday, with the original source coming from Senator Lummis’ staff. Since the Ripple case became public, all Coinbase and Binance activity has been conducted with caution and in compliance with regulations. Binance launched Binance.US with limited offerings for customers in the United States.…

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EFFORCE: Blockchain-Based Energy Saving Trading Platform

EFFORCE: Blockchain-Based Energy Saving Trading Platform

With the help of the blockchain and EFFORCE, any entity can save money on energy, save energy itself, and help investors gain repayment in tokens for their capital. The ideas behind EFFORCE have attracted an amazing team, including Steve Wozniak, who also helped launch Apple. EFFORCE makes a lot of sense in today’s energy stretched world – let’s take a closer look… EFFORCE Makes Connections That Save Energy EFFORCE makes it simple to tokenize energy savings, and there are a few parts to this economic ecosystem. To begin with, investors…

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US Senators Want Crypto To Be Under the CFTC’s Control

US Senators Want Crypto To Be Under the CFTC’s Control

The US Senate wants to take the crypto regulatory power of the SEC and put it in the hands of the CFTC, which the lawmaking body views as much better for the market. During the U.S. Congressmen on August 3, a new bill was proposed under a joint agreement of four Senators from the Senate Agriculture Committee. The proposal indicates that the Senators want the Commodity Futures Trading Commission (CFTC) to regulate crypto, instead of the SEC. Cryptos as a Commodity All businesses and people who trade futures contracts, including…

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Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies. Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4 drop from its all-time high. According to McGlone, a senior commodity strategist at Bloomberg Intelligence, Bitcoin and other cryptocurrencies are trading at a significant discount. Currently trading…

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Want Liquidity From Your NFTs? Here Are the Top Options in 2022

Want Liquidity From Your NFTs? Here Are the Top Options in 2022

We do many things with our digital assets these days; trading, locking, and everything in between. But one way of leveraging assets that is fast becoming an industry favourite is their use for borrowing against fiat or cryptocurrency. That’s right, if you have an NFT or any other digital asset lying about, you might not need to sell it if you are in need of cash. Instead, you can visit one of the many NFT borrowing and lending platforms and get a loan with the asset used as collateral. This…

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Solana Wallet Exploit Cleans Out Millions in Seconds

Solana Wallet Exploit Cleans Out Millions in Seconds

The Solana ecosystem is in the middle of a security emergency as over 7000 wallets were drained by and ongoing hack, and the figure seems to be rising. Cointelegraph reported on Tuesday that an ongoing widespread Solana wallet compromise was on display, with damage accounting for million dollars. The figure soared in speed, making “Solana” become the trending search on Twitter. Solana Holders Blasted It all started when a large number of users complained that hackers were stealing their funds and warned the community to send funds to cold wallets…

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OVER Launches OVER Stylist Program: A Way For Creators To Monetize Their Passion

OVER Launches OVER Stylist Program: A Way For Creators To Monetize Their Passion

Augmented reality(AR) and Artificial intelligence(AI) in fashion are changing how businesses interact with customers. For example, thanks to this technology, customers can virtually try out products from the comfort of their homes. Additionally, AR can assist customers in understanding what they are purchasing, making it easier to meet customer expectations. This, in turn, increases post-purchase satisfaction and brand loyalty. In this article, we’ll talk about Augmented Reality in fashion and how it can help brands increase customer engagement and brand loyalty. Additionally, businesses that use Augmented Reality benefit from increased…

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Major Regulators Like The FCA Look To Legislate Cryptocurrency

Major Regulators Like The FCA Look To Legislate Cryptocurrency

The crypto market stays in limbo as we move forward into the last four months of the year. Now, the FCA is looking for new ways to regulate cryptos. The crypto industry’s presence is undeniably more widespread than in its early days. While revolutionary potential has shaped more ideas and approaches, it has also increased the space for frauds and scams, resulting in significant losses. Tightening enforcement is the inevitable result of a series of scandalous events. Cryptocurrency and high-risk investments are slightly different. In a press release published on…

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Aurigami: A Decentralized, Non-Custodial, Native Money Market on Aurora

Aurigami: A Decentralized, Non-Custodial, Native Money Market on Aurora

Founded in late 2021, Aurigami is a decentralized, non-custodial, native money market on Aurora Network, the EVM chain of NEAR Protocol. It enables users to lend, borrow and earn interest with their digital assets in a fun, gamified ecosystem. What Is Aurigami? Aurigami’s inspiration come from the Japanese word “Origami”, the art of paper folding, which is a fun and creative activity. In Origami, the artist masterfully orchestrates the paper’s movements to create an art piece that is more than the sum of its parts. Similarly, the team behind Aurigami…

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Orbs & Polygon Announce Accelerator Program Participants

Orbs & Polygon Announce Accelerator Program Participants

The DeFi development space is alive and well, with the newly announced accelerator program from Orbs & Polygon: DeFi.org. The group announced that four projects will get support from the program. The four projects are Ithil, Prophet, CURL, and reBaked. The DeFi space was hit hard by the downturn in global markets, but there is still a lot of great stuff happening on the development end of DeFi. In time, there will be amazing tech developed in the space, as people look for more financial freedom in a world where…

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