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Crypto exchange Binance is reportedly expanding its zero-fee trading promotion (zero maker fees) to all trueUSD (TUSD) spot and margin trading pairs from June 30th. Additionally, the BTC/TUSD, TUSD/BUSD and TUSD/USDT trading pairs will also have zero taker fees during the promotion period. The announcement follows Binance minting some $1 billion TUSD on the Tron network last week.
https://www.coindesk.com/markets/2023/06/21/binance-will-expand-zero-fee-trading-on-trueusd-after-minting-1b-of-tusd
🚨Rally Report🚨
PEPE
The price of PEPE has rallied by 34% in the past 24 hours.
WHY?!
📈 Part of the broader crypto market rally coming from the recent rise in applications for Spot Bitcoin ETFs.
🔎 PEPE investors are likely speculating on another bull run for the meme cryptocurrency.
If you want to buy or trade PEPE, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
https://www.coinbureau.com/deals/trading/kucoin/
Hey Guys,
Can you believe that the Fed has finally paused?
Neither can I, and neither can most people for that matter. This might have something to do with the Fed’s own expectations that it will have to raise rates twice more before the year is over.
Jerome’s statements during the Fed’s recent press conference also forecast more pain ahead, but his communication could honestly be a consequence of his old age (sorry Jerome). In all seriousness, it looks like the Fed is worried about something.
It’s not clear what this ‘something’ is, especially since investors appear to have priced in most of the black swans already. Be sure to stick around until the end to get my take on what the Fed could break. It could happen as soon as next month…
Enjoy!
🚨Rally Report🚨
BITCOIN CASH
The price of BCH has rallied by 21% in the past 24 hours.
WHY?!
🎉 Wall Street-backed crypto exchange EDX Markets went live in the US today.
🚀 Investors are bullish that BCH is one of the four assets for which the exchange has launched trading services. Notably, this is likely due to BCH not being deemed a security in the recent SEC vs Binance and Coinbase lawsuits.
If you want to buy or trade BCH, we have an exclusive $40K Bonus, a 20% trading fee discount & a $15k trading competition on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
📣📣 COIN BUREAU NEWSFLASH! – (20/06/23)
Here are some of today’s most important headlines:
1️⃣ Binance Set to Integrate Bitcoin Lightning Network for Deposits and Withdrawals ⚡️
Yesterday, crypto exchange Binance posted a tweet confirming that it has started running Lightning nodes on the Bitcoin network to eventually offer users Lightning-based Bitcoin deposit and withdrawal services.
The tweet reads,
“Binance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals. Some eagle-eyed users spotted our new lightning nodes recently. Yes - that's us! However, there's still more tech work to be done. We'll update once Lightning is fully integrated.”
https://decrypt.co/145378/binance-set-to-integrate-bitcoin-lightning-network-for-deposits-and-withdrawals
2️⃣ Ethereum Scanner Etherscan Adds OpenAI-Based Tool to Analyse Smart Contract Source Code 🤖
Popular Ethereum block explorer Etherscan has launched a new tool called “Code Reader.” The new tool reportedly utilises AI technology developed by OpenAI to allow users to retrieve and interpret the source code of a specific contract address.
Etherscan says this will make it easier for users to "make informed decisions" on how to interact with smart contracts as well as explore possible ways of using them in decentralised applications. In order to use the tool, users will need a valid OpenAI API Key and sufficient OpenAI usage limits.
https://www.coindesk.com/tech/2023/06/19/ethereum-scanner-etherscan-adds-openai-based-tool-to-analyze-smart-contract-source-code
3️⃣ Ethereum Developers Consider Raising Max Validator Limit From 32 To 2,048 ETH ❗️
Ethereum’s core developers are reportedly considering a proposal that seeks to raise the maximum validator balance from 32 ETH to 2,048 ETH per validator while maintaining a minimum validator balance of 32 ETH.
The proposal was made by Ethereum Foundation researcher Michael Neuder during a June 15 Ethereum core developer consensus meeting. Neuder pointed out that the current 32 ETH limit leads to an inflation of the validator set size as it forces large entities, such as Lido, to spin up multiple validator nodes to offer staking yield services to users.
https://www.theblock.co/post/235386/ethereum-developers-consider-raising-validator-limit-from-32-to-2048-eth
4️⃣ CertiK Receives $500K Bounty After Sui Blockchain Threat Discovery 💰
Blockchain security firm CertiK has reportedly been awarded a bounty of $500,000 from the Sui Foundation for discovering a potential attack vector on the Sui network prior to its mainnet launch.
Specifically, CertiK stated that the vulnerability was an infinite loop bug in the Sui code that could have essentially paralysed the network. It stated,
“Differing from traditional attacks that shut down chains by crashing nodes, the HamsterWheel attack traps all nodes in a state of ceaseless operation without processing new transactions, as if they were running on a hamster wheel. This strategy can cripple entire networks, effectively rendering them inoperable.”
https://cointelegraph.com/news/certik-bounty-sui-blockchain-threat-discovery
5️⃣ BNB Chain Releases Layer 2 Testnet Based on Optimism's OP Stack 🚀
BNB Chain has reportedly launched a layer 2 network called ‘opBNB’ on testnet. Developers expect the ‘opBNB’ testnet, which is an EVM-compatible blockchain based on Optimism's OP Stack, to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.
They stated,
“Projects can leverage improved throughput and significantly lower transaction costs, resulting in a superior user experience. Furthermore, opBNB's enhanced scalability overcomes challenges previously faced by projects with high transaction volumes on BSC and enables them to thrive.”
https://www.coindesk.com/tech/2023/06/19/bnb-chain-releases-layer-2-testnet-based-on-optimism-op-stack
6️⃣ Binance Cancels Registration in UK Amid Regulatory Woes 🇬🇧
📣📣 COIN BUREAU NEWSFLASH! – (19/06/23)
Here are some of today’s most important headlines:
1️⃣ Binance Sends Cease and Desist Notice to Fraudulent Nigerian Entity ⚖️
Global crypto exchange Binance has reportedly issued a cease-and-desist notice to Binance Nigeria Limited- a fraudulent unrelated entity using the same name as the global crypto exchange. The move comes after the Nigerian Securities and Exchange Commission (SEC) released a circular on June 9th declaring Binance Nigeria Limited is illegal in the country.
A Binance spokesperson stated,
"The entity mentioned in the circular is not affiliated with us. We are therefore seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps."
https://cointelegraph.com/news/binance-cease-and-desist-notice-to-nigerian-scammer
2️⃣ Ethscriptions Land on Ethereum 🚀
Tom Lehman, the co-founder and former CEO of Genius.com, has launched a protocol called “Ethscriptions” on the Ethereum blockchain. As the name suggests, it is similar to the Ordinals protocol as it enables non-financial and arbitrary data to be written into the main Ethereum blockchain using Ethereum “calldata.” The project launched on Saturday and saw explosive interest with nearly 30,000 Ethscriptions created in less than 18 hours.
https://decrypt.co/145153/ethscriptions-ethereum-ordinals-bitcoin-inscriptions
3️⃣ $95K CryptoPunk NFT Burned by Bitcoin Bandits, Revived as Ordinals Inscription 🔥
On Saturday, Wolf Capital Developer Nathan Stein along with the holders of Bitcoin Bandits bought CryptoPunk #8611 for 55 ETH. The NFT was then burned in a way that points to inscription 12,456,749- an NFT-like asset on Bitcoin that bears the same image as the CryptoPunk #8611 NFT on Ethereum.
https://decrypt.co/145172/95k-cryptopunk-nft-burned-by-bitcoin-bandits-revived-as-ordinals-inscription
4️⃣ Do Kwon Denies Forging Passport, Blames ‘Chinese’ Agency 🧐
According to South Korean media reports, Terraform Labs founder Do Kwon has told the Montenegrin Basic Court that he wasn’t aware the passport he was travelling with was allegedly forged.
He stated he received his allegedly forged passports and travel documentation, including a Costa Rican passport, through third-party “agencies.” When questioned for more details by the prosecution, Kwon said he couldn’t “remember exactly,” adding he only knew the agency’s name was “in Chinese.”
https://cointelegraph.com/news/chinese-agency-blamed-by-do-kwon-for-passport-forgery
5️⃣ Crypto.Com Operates Internal Proprietary Trading Desks ❗️
According to a Financial Times report, anonymous internal sources have revealed that crypto exchange Crypto.com is operating internal proprietary trading teams to trade tokens for profit. The report also states that the exchange attempted to obfuscate the trading operations by requesting employees to "say there is no internal market maker type operation."
Crypto.com has denied any improper relationship between the internal trading operation, stating,
"We have an internal market maker that operates on the Crypto.com exchange and that internal market maker is treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform."
https://www.ft.com/content/b5d2bf4b-225c-4f30-9f1c-cbe8dc762fa8
Hey Guys,
A lot of you have been asking me to do a video about what Bitcoin Ordinals NFTs and BRC-20 tokens mean for BTC. If you’re subscribed to my weekly newsletter, you’ll know I’ve been working on it. Let’s just say a few things got in the way.
I’ve finally gotten around to it, and I must say I’m happy with the result. Both innovations could have a profound impact on not just BTC, but also ETH. That’s because they could make Bitcoin and Ethereum more direct competitors.
This is an important distinction to make because competition doesn’t just take place at the level of the asset (BTC vs. ETH, it also takes place at the network level. Bitcoin’s new innovations could mean it takes market share from Ethereum’s network.
This is a video you can’t miss!
🚨Rally Report🚨
APTOS
The price of APT has rallied by 5% in the past 24 hours.
WHY?!
🎉 Investors are bullish due to the reveal of the Shoal framework by Aptos Labs.
🚀 The framework is expected to reduce Bullshark latency on the Aptos blockchain. Stress tests using the framework have demonstrated that it reduces latency on the network by 40% in failure-free executions and by 80% in executions with failures, without any impact on TPS.
If you want to buy or trade APT, we have an exclusive $40K Bonus, a 20% trading fee discount & a $15k trading competition on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
🚨Rally Report🚨
QUANT
The price of QNT has rallied by 18% in the past 24 hours.
WHY?!
🎉 Quant announced that it was part of the vendor team for Project Rosalind.
🔎 Project Rosalind is led by the Bank for International Settlements and the Bank of England and aims to explore the potential of APIs for the development of CBDC systems.
If you want to buy or trade QNT, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
https://www.coinbureau.com/deals/trading/kucoin/
🚨Rally Report🚨
INJECTIVE
The price of INJ has rallied by 9% in the past 24 hours.
WHY?!
🎉 The community is bullish due to the network’s Zen NFT mint campaign.
🚀 Over 147,000 Zen NFTs minted have been minted in under 24 hours. This signifies the Injective network’s strength in accommodating NFT assets alongside leading DeFi protocols
If you want to buy or trade INJ, we have an exclusive $40K Bonus, a 20% trading fee discount & a $15k trading competition on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
Hey Guys,
If you’re in this Telegram group, I’m going to go ahead and assume that you’re anti-CBDC. It turns out you’re not alone – most people are against CBDCs. A recent survey by the Cato Institute found that just 16% of Americans support a CBDC.
The survey also found some interesting differences in CBDC opinions between political parties, genders, and ethnic groups. The good news is that they’re all against CBDCs on average. The bad news is that some of them are falling for the propaganda, particularly young folks.
That’s why I end the video with some advice about how to speak to people about CBDCs. Focusing on their dystopian qualities isn’t always the way to go. It will be the worst way to go when CBDCs start being rolled out, because chances are they will be quite benign.
Enjoy!
"There is no merit to Coinbase's extraordinary request for a writ of mandamus to compel the Commission to act on Coinbase's wide-ranging rulemaking petition within seven days. The Commission has not decided what action to take on that petition in whole or in part--which is entirely reasonable given the breadth of the rulemaking petition and the fact that it was filed just months ago and supplemented by Coinbase recently."
https://www.coindesk.com/policy/2023/06/13/sec-says-it-may-make-a-recommendation-on-coinbase-petition-within-4-months/
Yesterday, Polygon Labs announced the launch of “Polygon 2.0”- a set of upgrades that will allow the scaling solution to transition into a network of interconnected zero-knowledge-powered Layer 2 blockchains that establish the “Value Layer” of the internet.
Polygon Labs president Ryan Wyatt stated that the upgrades will unify protocols and allow users to feel as if they are “using a single chain” by providing “seamless usage" across zk-Ethereum Virtual Machine tech, proof-of-stake, and supernets.
The team stated,
“Individual blockchains aren’t infinitely scalable; they have strict throughput limits. We can add capacity by creating new chains, but not without fragmenting liquidity and reducing security and capital efficiency. Enter Polygon 2.0."
https://cointelegraph.com/news/polygon-2-0-introduces-upgrades-to-tap-into-value-layer-of-internet
📣📣 COIN BUREAU NEWSFLASH! – (22/06/23)
Here are some of today’s most important headlines:
1️⃣ Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore 🇸🇬
Blockchain-based payments firm Ripple has reportedly secured an in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore (MAS). This will allow Ripple’s local subsidiary to offer regulated digital payment token products and services in the city-state.
Stu Alderoty, the Chief Legal Officer of Ripple, stated,
“We're pleased that Singapore has taken a forward-looking approach to how to regulate digital assets. With their licensing framework, they have figured out how to create a clear taxonomy for digital assets, balancing the need to protect consumers’ interests and the need to protect the integrity of the markets, while doing so in a way that promotes innovation and investment.”
https://www.coindesk.com/policy/2023/06/22/ripple-obtains-in-principle-approval-for-major-payments-institution-license-in-singapore
2️⃣ Gods Unchained Hits Epic Games Store Ahead of Mobile Expansion 🎮
Immutable Games’ Web3 card battler game ‘Gods Unchained’ has reportedly expanded its reach to over 230 million customers by launching on the Epic Games Store. Notably, the move comes ahead of the game’s launch on mobile gaming platforms. Gods Unchained had partnered with studio iLogos for both the iOS and Android versions.
Daniel Paez, the executive producer of Gods Unchained, explained the move by stating,
“Ever since the game industry moved to consolidated platforms, players feel a lot more comfortable about the game they're jumping into. Either it reaches a quality bar or it doesn’t contain malware—things like that. So that feeling of familiarity is super important, especially when we’re talking about blockchain games.”
https://decrypt.co/145727/gods-unchained-hits-epic-games-store-ahead-mobile-expansion
3️⃣ Casa Launches Self-Custody Vault for Ether, Expanding on Bitcoin Product 🤩
BTC custody platform Casa successfully added support for Ethereum on Wednesday. Casa has stated that users can custody ETH securely using its multi-key vaults which provide enhanced security through their distributed security model.
Casa CEO Nick Neuman stated,
“The digital asset revolution begins with self-custody. Our team designed Casa to help more people take control of their digital wealth, and we’re thrilled to expand that opportunity for our members and the Ethereum community at large. Everyone deserves to know their assets are safe.”
https://www.theblock.co/post/235789/casa-ether-vault-bitcoin
4️⃣ Zora Launches Layer-2 NFT Network to Battle Ethereum Gas Fees 🚀
NFT minting platform Zora has reportedly launched its own Ethereum layer-2 scaling network called the “Zora Network.” According to documents published online, the new network will make minting on the Zora platform "faster, cheaper and more enjoyable" with gas fees costing “less than 50 cents." The platform will be integrated into all of Zora's existing tools and experiences and is already supported by over 35 groups and platforms, including sound.xyz, and PleasrDAO.
https://decrypt.co/145650/zora-launches-layer-2-nft-netowrk-battle-ethereum-gas-fees
5️⃣ CleanSpark Buys Two Bitcoin Mining Campuses For $9.3M 🤝
Crypto mining firm CleanSpark has reportedly acquired two Bitcoin mining facilities in Dalton, Georgia in a $9.3 million cash deal. The purchase of the facilities is part of CleanSpark’s aggressive infrastructure expansion in the United States. They will reportedly host over 6,000 Bitmain Antminer S19 XPs and S19J Pro+s and are expected to add just under 1 exahash per second (EH/s) to CleanSpark's hashrate.
https://cointelegraph.com/news/cleanspark-buys-two-bitcoin-mining-campuses-georgia
6️⃣ Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD 🙌
📣📣 COIN BUREAU NEWSFLASH! – (21/06/23)
Here are some of today’s most important headlines:
1️⃣ Polygon Labs Proposes Upgrade of Flagship Sidechain To ‘zkEVM Validium’ 🧐
Polygon co-founder Mihailo Bjelic has reportedly proposed upgrading the flagship Polygon Proof-of-Stake (PoS) sidechain to a “zkEVM validium” version. If implemented, the new version of the chain will rely on zero-knowledge proofs to increase security. Bjelic states that this would bring increased security and make the framework of the blockchain more “future-proof.”
https://www.theblock.co/post/235698/polygon-labs-proposes-to-upgrade-flagship-sidechain-to-zkevm-validium-layer-2
2️⃣ Gemini Plans Asia-Pacific Expansion as Part Of ‘Next Wave of Growth for Crypto’ 📈
In a blog post dated June 19, US-based crypto exchange Gemini announced its plans to expand into the Asia-Pacific (APAC) region. Gemini stated that it plans to increase the number of staff at the firm’s Singapore office to more than 100 employees and also hinted at “larger” plans for expanding into the region in the next 12 months. It also stated that it is establishing an engineering division in India.
https://cointelegraph.com/news/gemini-plans-asia-pacific-expansion-as-part-of-next-wave-of-growth-for-crypto
3️⃣ Nike Brings .SWOOSH to Fortnite's 240M Users With 'Airphoria' Virtual Experience 🚀
Popular online multiplayer game Fortnite has teamed up with Nike's Web3 community platform .SWOOSH to launch “Airphoria”- a virtual experience that will reward players who play the event for 10 minutes or more with an Air Max 1 '86 Back Bling digital sneaker within Fortnite.
However, the event reportedly does not integrate NFTs into Fortnite. An Epic Games spokesperson stated,
“The connection between Fortnite and Nike doesn't integrate any NFTs or digital item trading marketplaces into the Fortnite world or its economy. Items recognised across these two ecosystems are purely for the enjoyment of the purchaser, and aren't tradeable, transferrable, or sellable, as has always been the case in the Fortnite economy.”
https://www.coindesk.com/web3/2023/06/20/nike-brings-swoosh-to-fortnites-240m-users-with-airphoria-virtual-experience
4️⃣ WisdomTree, Invesco Follow BlackRock with Spot Bitcoin ETF Applications ⚖️
According to recent filings made to the United States Securities and Exchange Commission, ETF providers WisdomTree and Invesco have both re-submitted applications requesting regulatory approval for the launch of their respective spot Bitcoin ETF products. While the SEC is yet to approve a single spot Bitcoin ETF product, the surge in new applications for spot Bitcoin ETFs seems to be due to asset manager BlackRock making a similar filing last week.
https://decrypt.co/145566/wisdomtree-invesco-follow-blackrock-with-spot-bitcoin-etf-applications
5️⃣ Deutsche Bank Applies for Digital Asset License Amid Growth Push 🏦
Deutsche Bank AG has reportedly applied to Germany’s financial regulator for a regulatory license to operate a custody service for digital assets such as cryptocurrencies. The move is part of a wider strategy to increase fee income at Deutsche Bank’s corporate bank and also mirrors similar digital asset-focused efforts at its investment arm, DWS Group.
https://www.bloomberg.com/news/articles/2023-06-20/deutsche-bank-applies-for-digital-asset-license-amid-growth-push
Crypto exchange Binance’s UK subsidiary ‘Binance Markets Limited’ (BML) has reportedly cancelled its registration with the country’s Financial Conduct Authority (FCA). A Binance spokesperson explained the firm’s decision by stating that BML held various FCA permissions for activities that it "never carried out or offered in the UK" and were “unlikely to be required in the future.” The FCA has declared that BML is “no longer authorised by the FCA” to conduct regulated business in the UK.
https://www.theblock.co/post/235425/binance-deregisters-in-uk-amid-regulatory-woes
🚨Rally Report🚨
FRAX SHARE
The price of FXS has rallied by 6% in the past 24 hours.
WHY?!
🎉 Investors are bullish due to the introduction of a proposal by Ouroboros Capital that calls for an optimized token buyback and burn strategy. The proposal has already received support from Frax founder Sam Kazemian.
🚀 Frax also recently announced its plan to launch a layer-2 network called the Fraxchain.
If you want to buy or trade FXS, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
https://www.coinbureau.com/deals/trading/kucoin/
Hey Guys,
It’s Monday again, and you know that means – time for another weekly crypto review! Obviously, there were no shortage of macro and crypto catalysts last week. The Fed’s meeting was front and center, and in the end, it decided to pause.
On the crypto side, there were concerns about Binance US’s assets being frozen by the SEC. Thankfully this happens, but the crypto FUD returned just a few days. Tether’s USDT briefly slipped off its peg in anticipation of a series of hit pieces.
The bears were quickly chased out by the bulls when Blackrock announced it had filed for a spot Bitcoin ETF. Given that Blackrock’s track record for getting ETFs approved is practically spotless, it sets the stage of a massive crypto catalyst in the coming months.
Enjoy!
📣📣 COIN BUREAU NEWSFLASH! – (18/06/23)
Here are some of today’s most important headlines:
1️⃣ US Court Approves SEC-Binance.US Agreement 🙌
United States Judge Amy Berman Jackson has reportedly approved the agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order that would freeze all Binance.US assets.
The agreement reads,
“Defendants shall repatriate to the United States, transfer to BAM Trading, and confirm that BAM Trading maintains possession, custody and control in the United States of all fiat currency and crypto assets that are deposited, held, traded, or accrued by customers.”
https://cointelegraph.com/news/us-court-approves-sec-binanceus-agreement
2️⃣ CZ, Powell and More Rally to Fund Legal Fees for On-Chain Sleuth ZachXBT, Surpassing $1M 💰
Blockchain investigator ZachXBT has reportedly received over $1 million in donations from the crypto community, towards his legal defence fund for his fight against the defamation lawsuit by MachiBigBrother. Several crypto executives donated to ZachXBT and praised him for his work in the crypto and web3 industry, including Binance CEO Changpeng Zhao, Kraken co-founder Jesse Powell and Polygon founder Sandeep Nailwal.
https://cointelegraph.com/news/cz-powell-on-chain-sleuth-zach-xbt-legal-fees
3️⃣ Frax Finance to launch Ethereum Layer 2 named Fraxchain 🚀
The team behind Frax Finance has announced its plans to launch a Layer 2 blockchain called “Fraxchain.” The network will reportedly be focused on decentralised finance and its governance will be led by the holders of Frax Shares (FXS) tokens. It is is expected to be ready by the end of the year.
Frax founder Sam Kazemian stated,
“Fraxchain essentially represents the culmination of the entire Frax ecosystem and all of the traction and usage that we’ve gained.”
https://www.theblock.co/post/235110/frax-finance-to-launch-ethereum-layer-2-named-fraxchain
4️⃣ Coinbase Slams 'Evasive Response' from SEC to Court Order ⚖️
Yesterday, crypto exchange Coinbase filed a “mandamus” request in federal court to force the SEC to set clearer rules and standards for the digital assets industry.
Coinbase’s Chief Legal Officer Paul Grewal tweeted,
“We couldn't wait until our deadline next week to address the SEC's response to the June 6 order from the Third Circuit. It is unusual for the government to defy a direct question from a federal court. The SEC’s evasive response goes further, as we set out today.”
https://decrypt.co/145088/coinbase-slams-evasive-response-from-sec-to-court-order
5️⃣ USDT Issuer Tether Responds to Chinese Securities Exposure Reports 🧐
Stablecoin-issuer Tether has reportedly published a response to reports that the reserves of Tether once included securities issued by Chinese companies including the Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China.
Tether stated that its exposure to Chinese commercial papers was liquid and all of the issuers were stable. The company emphasised that the papers were rated A1 or better and were being used by some of the world’s biggest investment managers. Tether also clarified that its exposure to commercial paper holdings was reduced to zero last year.
https://cointelegraph.com/news/usdt-tether-responds-to-chinese-securities-reports
📣📣 COIN BUREAU NEWSFLASH! – (17/06/23)
Here are some of today’s most important headlines:
1️⃣ Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore 🤝
Binance and its U.S. subsidiary Binance.US have reportedly come to an agreement with the U.S. Securities and Exchange Commission (SEC) regarding the securing of customer funds on the exchange during the ongoing lawsuit.
According to the proposed deal, Binance.US will take steps to make sure that no officials belonging to the global Binance exchange will have access to private keys for its various wallets, hardware wallets or root access to Binance.US's Amazon Web Services tools. This will effectively restrict access to customer funds exclusively to Binance.US employees.
However, the proposed deal still needs a sign-off from the federal judge overseeing the case before it is set into effect.
https://www.coindesk.com/policy/2023/06/17/binance-sec-strike-deal-to-move-all-us-customer-funds-wallet-keys-back-onshore
2️⃣ Crypto Donors Raise $500,000 To Support ZachXBT in Lawsuit 💰
On-chain sleuth ZachXBT has reportedly received over $500,000 in donations from the crypto community after he announced yesterday that he is being sued for defamation by MachiBigBrother (Jeffrey Huang).
Specifically, the alleged defamation referred to in the lawsuit relates to a June 2022 Medium article in which ZachXBT alleged that Huang embezzled cryptocurrency from Formosa Financial, a crypto startup. Huang has claimed that these allegations are “categorically false” and has demanded that ZachXBT remove the claims.
https://www.theblock.co/post/235260/crypto-donors-raise-500000-to-support-zachxbt-in-lawsuit
3️⃣ Crypto Exchange Binance Probed by France for Alleged Illegal Practices ⚖️
According to reports, the France-based arm of crypto exchange Binance has been the subject of a preliminary investigation by local authorities over the alleged illegal provision of crypto services and “aggravated money laundering” since February 2022. Binance also had an on-site visit by French authorities last week.
A Binance spokesperson addressed the reports by stating that the investigation was part of France’s routine legal compliance checks. They stated,
“In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. We abide by all laws in France, just as we do in every other market we operate.”
https://www.bloomberg.com/news/articles/2023-06-16/binance-probed-by-france-for-illegal-practice-crypto-money-laundering
4️⃣ Bakkt Delists Solana, Polygon, And Cardano, Citing Lack of Regulatory Clarity ❌
New York-based digital assets platform Baakt is reportedly delisting Solana, Polygon and Cardano due to regulatory uncertainty. Marc D'Annunzio, the company's general counsel and secretary, has stated that the assets will remain delisted “until there is further clarity on how to compliantly offer a more extensive list of coins.”
https://fortune.com/crypto/2023/06/16/bakkt-delists-solana-polygon-cardano-regulatory-clarity/
📣📣 COIN BUREAU NEWSFLASH! – (16/06/23)
Here are some of today’s most important headlines:
1️⃣ Binance Exits Netherlands After Failed Registration Attempt ❗️
Crypto exchange Binance is reportedly leaving the Dutch market with immediate effect after failing to persuade the Dutch regulator to issue a virtual asset service provider (VASP) license for the exchange. Binance has informed local users that they can only withdraw assets from the platform, with no further purchases, trades or deposits permitted. It also stated that it will no longer accept new account registrations from the Netherlands
In response to Binance’s announcement, the Dutch Central Bank stated,
“We have taken note of Binance’s announcement. In the past, we issued warnings that Binance is not registered but nevertheless offers its services in the Netherlands. We also imposed an administrative fine on Binance for this reason.”
https://www.bloomberg.com/news/articles/2023-06-16/binance-exits-netherlands-after-failed-registration-attempt
2️⃣ Mercedes-Benz Trials ChatGPT-Powered Voice Control 🤖
Luxury car manufacturer Mercedes-Benz is reportedly integrating OpenAI's ChatGPT chatbot into more than 900,000 vehicles as part of a three-month trial program involving the Mercedes-Benz User Experience (MBUX) feature in its vehicles. The integration will reportedly enable AI-driven voice commands and additional functionality.
https://cointelegraph.com/news/mercedes-benz-trials-chat-gpt-powered-voice-control
3️⃣ BlackRock's iShares Files Paperwork for Spot Bitcoin ETF ⚖️
Fund management giant BlackRock’s iShares unit has reportedly filed paperwork with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot Bitcoin ETF called the “iShares Bitcoin Trust”. According to the filing, the fund will primarily consist of BTC held by a custodian designated as Coinbase Custody Trust Company.
Sui Chung, CEO of CF Benchmarks, a subsidiary of crypto exchange Kraken, stated,
"The proposed ETF is benchmarked against the CME CF Bitcoin Reference Rate. CF Benchmarks takes price data exclusively from cryptocurrency exchanges that adhere to the highest possible standards of market integrity and transparency. This protects investors as products benchmarked against it can then consistently and reliably track the spot price of the underlying asset."
https://www.coindesk.com/business/2023/06/15/blackrocks-ishares-files-paperwork-for-spot-bitcoin-etf
4️⃣ NFT Artwork Owned by Three Arrows Capital Sells for $6.2 Million at Sotheby's 💰
Yesterday, Sotheby's concluded another sale of NFT artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC). This batch included the sale of Ringers #879, a generative piece of blockchain artwork by Dmitri Cherniak which was commonly known as “The Goose” among NFT enthusiasts. The artwork reportedly sold for just over $6.2 million including auction house fees.
https://decrypt.co/144816/nft-artwork-owned-three-arrows-capital-sells-6-2-million-sothebys
5️⃣ Gaming-Focused Layer 3 Xai Set to Launch on Arbitrum 🚀
Xai, a so-called permissionless “Layer 3” network designed for video games, is reportedly set to launch on Arbitrum later this year. The network will reportedly leverage the Arbitrum Orbit technology stack and is built by the Xai Foundation in collaboration with Arbitrum developer Offchain Labs and web3 games developer Ex Populus.
Offchain Labs chief strategy officer A.J. Warner stated,
“We have been working closely with the Ex Populus team for nearly a year and eagerly await the migration to the Arbitrum ecosystem. The launch of Xai will enable its gaming ecosystem to live on an optimised, dedicated chain while benefiting from links to the vibrant Arbitrum ecosystem. I’m excited for the upcoming launch of the gaming franchises and gaming-focused Layer 3.”
https://www.theblock.co/post/234647/gaming-focused-layer-3-xai-arbitrum-launch
📣📣 COIN BUREAU NEWSFLASH! – (15/06/23)
Here are some of today’s most important headlines:
1️⃣ Hashflow Assures Users Will Be Made Whole Following $600K Exploit 😅
According to a report by security firm Peckshield, crypto trading platform Hashflow has lost over $600,000 worth of ETH and ARB due to suffering an exploit relating to contract approvals on the platform.
Notably, the hack seems to have been carried out by a white hat hacker as the attacker left behind a contract that makes it possible for the funds to be claimed by their original owners, with the option to leave a 10% tip for the white hat’s actions. Hashflow provided recovery instructions for those affected by the exploit, warning them that they need to revoke token allowances to depreciated contracts or they’ll get hacked again.
https://cointelegraph.com/news/hashflow-users-made-whole-after-600k-exploit
2️⃣ Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus 🧐
Tech giant Apple has reportedly rejected the latest version of the Zeus app — a non-custodial Lightning Network-enabled Bitcoin wallet. According to Zeus founder Evan Kaloudis, Apple demanded the wallet creator to submit proof of obtaining the required regulatory licenses for its app.
Apple stated,
“Your app facilitates the transmission of a virtual currency but was not submitted by a corresponding exchange or recognised financial institution. To resolve this issue, please provide documentary evidence demonstrating you have the necessary licenses and permissions to distribute an app with cryptocurrency exchange features in all the locations where your app is currently available."
https://www.coindesk.com/tech/2023/06/14/apple-rejects-bitcoin-wallet-zeus-a-day-after-threatening-to-delist-damus
3️⃣ Binance Applies to Deregister its Local Entity in Cyprus ❌
Crypto exchange Binance has reportedly applied to deregister its local entity in Cyprus. Notably, the move seems to be a part of the exchange’s effort to realign its focus towards larger markets.
A Binance spokesperson stated,
"We are working hard to prepare our business to be fully compliant with MiCA when it is implemented in the next 18 months. To that end, we have made the decision to pull back efforts in Cyprus to focus on our efforts on fewer regulated entities in the EU, especially our larger registered markets where we already have a mature footprint, including France, Italy and Spain.”
https://www.theblock.co/post/234617/binance-cyprus-deregister
4️⃣ Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack ❗️
On Sunday, crypto prime brokerage Floating Point Group (FPG) suffered a cyberattack which resulted in a loss of between $15 million and $20 million in crypto. Following the attack, FPG ceased all trading, deposits and withdrawals on the platform and is working with the FBI, the Department of Homeland Security and Chainalysis to understand the cause of the incident and the steps to recover assets.
https://www.coindesk.com/business/2023/06/14/crypto-prime-broker-fpg-loses-up-to-20m-in-cyber-attack
5️⃣ Miami's 'Bitcoin Mayor' Will Challenge Donald Trump for US President 🇺🇸
Francis X. Suarez, the Bitcoin-friendly Mayor of Miami, has reportedly filed paperwork with the Federal Election Commission to run for President. Suarez will compete with the likes of former U.S. President Donald Trump and fellow Florida Governor Ron DeSantis to win the Republican presidential nomination. Suarez is expected to talk about his presidential plans in more depth during his scheduled speech at the Ronald Reagan Presidential Library in Simi Valley, California on June 16.
https://decrypt.co/144682/miamis-bitcoin-mayor-files-to-run-for-u-s-president
Hey Guys,
You know how countries around the world have been rolling out crypto regulations? Well, it looks like the World Economic Forum (WEF) has been influencing them, and it recently published a whitepaper about global crypto regulations.
The whitepaper was written with the help of the WEF’s Digital Currency Governance Consortium (DCGC). The DCGC has published a handful of reports since its inception in January 2020 – one of our longest videos is a summary of one of their reports.
Not surprisingly, the recent whitepaper reveals some concerning connections between the WEF and all the international organisations that have been pushing ‘rules based’ regulations for crypto.
If the WEF gets their way, crypto as we know it won’t last for much longer…
Enjoy!
📣📣 COIN BUREAU NEWSFLASH! – (14/06/23)
Here are some of today’s most important headlines:
1️⃣ Uniswap Labs Releases Draft Code for Uniswap v4, Invites Community Feedback 🚀
Uniswap Labs, the team behind the leading DeFi exchange Uniswap, has released the draft code for Uniswap v4. According to the announcement post, the draft code will allow Uniswap Labs to build in public by receiving community feedback on the code. The new code reduces the cost of creating pools by 99% and features “hooks” or plugins that allow developers to create custom liquidity pools that are cheaper to use.
https://decrypt.co/144307/uniswap-v4-open-source-hooks-singleton
2️⃣ Ripple Calls for Investigation into Former SEC Official After Document Release 🕵️♂️
Ripple’s Chief Legal Officer Stuart Alderoty is reportedly calling for a fresh investigation into William Hinman, a former director of the U.S. Securities and Exchange Commission’s Division of Corporation Finance. Notably, Alderoty’s call comes shortly after the release of documents which contained the behind-the-scenes edits and correspondence for Hinman’s 2018 speech on whether or not a digital asset meets the definition of an investment security.
Alderoty tweeted,
"An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create 'greater confusion.'"
https://www.theblock.co/post/234458/ripple-calls-for-investigation-into-former-sec-official-after-document-release
3️⃣ Apple to Delist Nostr-Based Damus App Over Bitcoin Tip Feature ❌
Apple has reportedly issued a warning to the creators of the decentralised social media app Damus, stating that it will remove the app from its platform if it doesn't issue an update to stay compliant with its policies. Specifically, Apple was referring to Damus’ “Zaps” feature which allows people to tip users and content creators in Bitcoin.
According to a tweet by the project today, Apple told Damus,
"To ensure there is no interruption of the availability of your app on the App Store, please submit an update within 14 days of the date of this message. If we do not receive an update compliant with the App Store Review Guidelines within 14 days, your app will be removed from sale."
https://cointelegraph.com/news/apple-to-delist-nostr-based-damus-app-for-bitcoin-tip-feature
4️⃣ Binance.US, SEC Working on Deal to Avoid Full Asset Freeze ⚖️
Judge Amy Berman Jackson, the federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance and Binance.US, is reportedly postponing their decision on the SEC’s request to issue a temporary restraining order freezing the U.S. trading platform's assets.
Instead, the Judge wants both parties to come to a compromise and has referred them to a magistrate judge to work towards a compromise arrangement to protect customer funds without having to shut down the exchange.
The Judge noted,
“Shutting it down completely would create significant consequences not only for the company but for the digital asset markets in general. (Work it out) – The nitty-gritty of it is better handled by you than by me.”
https://www.bloomberg.com/news/articles/2023-06-13/binance-us-sec-not-far-apart-on-deal-avoiding-full-asset-freeze
5️⃣ SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months 🔎
In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the U.S. Securities and Exchange Commission (SEC) stated that it needs an additional 120 days to potentially respond to Coinbase's request for rulemaking on digital asset trading.
The agency wrote,
📣📣 COIN BUREAU NEWSFLASH! – (13/06/23)
Here are some of today’s most important headlines:
1️⃣ Haru Invest Suspends Deposit and Withdrawal Requests ❌
South Korean crypto yield platform Haru Invest has announced that it is suspending withdrawal and deposit requests until further notice due to an ongoing issue with one of its service partners.
The firm stated,
“We are now further investigating the issue with them and seeking the contingency plan to rectify the situation. For the purpose of protecting our users’ assets under our custody, we have come to make a tough decision that any deposit and withdrawal requests will be suspended until further notice.”
https://www.theblock.co/post/234366/haru-invest-deposit-withdrawal-suspension
2️⃣ Atomic Wallet Hackers Move Stolen Funds via OFAC-Sanctioned Exchange Garantex: Elliptic 🕵️♂️
According to blockchain security firm Elliptic, the attackers behind the $35 million exploit of Atomic Wallet are moving stolen funds via OFAC-sanctioned Russian-based crypto exchange Garantex. Elliptic investigators have also stated that they believe the infamous North Korean hacking group Lazarus is the culprit behind the Atomic Wallet hack.
https://www.coindesk.com/tech/2023/06/13/atomic-wallet-hackers-move-stolen-funds-via-ofac-sanctioned-exchange-garantex-elliptic
3️⃣ Tether CTO Clarifies $1B USDT Mint on Ethereum Is for Chain Swaps 💰
Stablecoin issuer Tether has reportedly minted a fresh batch of 1 billion USDT stablecoins on the Ethereum blockchain.
Tether’s chief technology officer Paolo Ardoino explained the mint stating that it was part of the firm’s “inventory replenish” on the Ethereum network and that the latest issuance won’t impact the overall market cap of USDT since it is an “authorised but not issued transaction.”
He further explained, stating,
"Tether periodically works with different third parties (exchanges, hedge funds, etc.) to help them rebalance the liquidity of their USDT across different chains. For example, since exchanges support Tether USDT on multiple chains, they might end up having most of [their] Tether USDT tokens on one chain (i.e. Tron), but they might need to process withdrawals for another chain (i.e. Ethereum). Hence such third parties ask to proceed with a chain swap."
https://cointelegraph.com/news/tether-billion-usdt-mint-on-ethereum-for-chain-swaps
4️⃣ Crypto-Friendly Congressmen Draft Bill to Reform SEC, Fire Gary Gensler ⚖️
United States Rep. Warren Davidson and Rep. Tom Emmer have announced the introduction of a bill called the “SEC Stabilization Act” into the House of Representatives. The bill reportedly aims to protect US capital markets by restructuring the U.S. Securities and Exchange Commission and removing Gary Gensler as Chair.
Davidson stated,
“U.S. capital markets must be protected from a tyrannical Chairman, including the current one. That’s why I'm introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come. It’s time for real reform and to fire Gary Gensler as Chair of the SEC."
https://decrypt.co/144280/congressmen-draft-bill-to-fire-gary-gensler
5️⃣ Canada's Largest University Starts XRP Validator in New Partnership With Ripple 🤝
The University of Toronto, the largest university in Canada by enrolment, is reportedly planning to start an independent XRP ledger validator in a new partnership with Ripple. The move is part of Ripple's University Blockchain Research Initiative (UBRI) in Canada. The University of Toronto is the latest to join the program after the University of Waterloo and the Toronto Metropolitan University.
https://www.coindesk.com/tech/2023/06/12/canadas-largest-university-starts-xrp-validator-in-new-partnership-with-ripple
6️⃣ Polygon 2.0 Introduces Upgrades to Tap Into the ‘Value Layer’ Of the Internet 🚀