Binance CEO Responds to Accusations of Selling Bitcoin and BNB

The BNB is being sold off for BUSD to suppress volatility in Bitcoin.  The controversial tweet raises questions about the crypto community.  The U.S. Securities and Exchange Commission has continuously filed lawsuits against the top crypto exchanges, including the worlds largest crypto exchange, Binance. After the lawsuit, Binance gained a lot of support from the crypto community.  Binance and CZ have been selling spot Bitcoin at an alarming rate, to defend the $ BNB $220 liquidation waterfall  As spot Bitcoin is sold off, BNB is purchased, which defends the $220 liquidation but also caps the upside potential of Bitcoin  Recently, Binance CEO Changpeng Zhao replied to the tweet of a crypto enthusiast. The tweet mentioned that the crypto exchange and CEO CZ are selling Bitcoin to defend the BNB $220 liquidation.  There is another reply tiririt that confirms that Binance has sold Bitcoin. He mentioned that Bitcoin is being sold off for USDT reserves. Moreover, the BNB is being sold off for BUSD to suppress volatility in Bitcoin. He added that this is technically market manipulation, and Binance is definitely up to something here to prevent BNB from crashing as well as Bitcoin.  However, CZ replied that Binance had not sold any Bitcoin or BNB. Moreover, the

2023-06-14Bitcoin

SBF seeks to sever new charges from trial, says proceedings may take ‘years’

According to the defense, even if the unnamed minister was to provide permission to charge SBF with additional offenses, the defendant would have the right to appeal this decision through the Bahamas courts. This means the process would “likely take several months or years to resolve.” In the meantime, the charges should be dismissed, as they are used to detain the defendant under house arrest.  Defense attorneys also provided an alternative solution to the problem: If the U.S. district court feels that it cant dismiss the charges, it should sever them from the upcoming trial. This would allow Bankman-Fried to be tried on the seven charges he agreed to be extradited on but none others.  Bankman-Fried was originally charged in December in connection with his management of failed crypto exchange FTX. Prosecutors allege that he commingled customer funds and misled investors about FTXs risk management practices, leading to losses for investors and customers. Bankman-Fried claims the exchange collapsed because of ordinary management mistakes, not fraud.

2023-06-14Industriya

XRP, BTC, and ETH Investors Doubling Down on DigiToads Presale! Over $4.77 Million Raised

As we witness the cryptocurrency landscapes ebbs and flows, an unexpected phenomenon is capturing the attention of savvy investors. DigiToads, a unique blockchain project with a community-centric approach and a promising blend of utility and social impact is making significant waves.  Fueled by a successful presale, which raised over $4.77 million from the sale of more than 302.3 million tokens, priced at $0.036 each, DigiToads (TOADS) is building momentum. This represents over 98.6% of the presale tokens, a testament to the confidence of the community in the project.  So, why are investors pivoting from established cryptocurrencies like XRP, Bitcoin, and Ethereum, towards this nascent player? Lets delve deeper into what makes DigiToads an appealing investment prospect.  DigiToads is anchored in the revolutionary concept of Non-Fungible Tokens (NFTs), coupled with the self-sustainability of its native token, TOADS. The platform leverages the unique attributes of toads – their survival skills, self-sufficiency, and resourcefulness – as the core ethos for the project. DigiToads puts the community at the forefront of its vision, something that many investors find enticing.  Perhaps the most compelling aspect of DigiToads is its commitment to philanthropic causes. With 2.5% of all profits dedicated to charities focused on the reforestation of the Amazon, DigiToads

2023-06-14Ethereum

SEC Emails Reveal: Hinman Wasnt Only Official Deliberating ETH Security

Ethereum  Inihayag ng Mga Email ng SEC: Hindi Lang Opisyal na Pinag-isipan ni Hinman ang Seguridad ng ETH  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Key Takeaways  After giving the green light to use Bill Hinman‘s speech in court, Ripple revealed SEC emails surrounding Hinman’s speech.  The deliberation about ETH being a security suggest that other SEC officials were used as guidance.  Recently released email exchanges from 2018 reveal that multiple U.S. Securities and Exchange Commission (SEC) officials were in deliberation over Ethers status as a security. These emails were published by Ripple in its legal battle with the SEC, which accuses Ripple of illegally selling XRP for more than seven years as unregistered securities.  The communications shared indicate that there were internal debates within the SEC regarding the clarity of a speech given by then-director of corporation finance William Hinman in 2018. The speech suggested that Ether might not be viewed as a security:  “And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.”  Before Hinman‘s speech, former SEC director of trading and markets Brett Redfearn expressed concerns that

2023-06-14Ethereum

Ethereum Rises Back Above $1,700 Despite Threat Of Decline

Ethereum  Tumaas Bumalik ang Ethereum sa $1,700 Sa kabila ng Banta ng Pagtanggi  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Hun 13, 2023 sa 06:00 /Presyo  The Ethereum price (ETH) is falling after hitting the March 27 low again.  Pangmatagalang pagsusuri ng presyo ng Ethereum: bearish  Bulls bought the dips as Ether fell to a low of $1,687 on June 10. To resume the consolidation, buyers lifted the altcoin above the $1,700 support. At the time of writing, the largest altcoin is currently trading at $1,749.10. Ether has been moving above the current support for the past three days. Its price is currently hovering between $1,720 and $1,780. The largest altcoin will rise if it breaks above the initial resistance at $1,780 and breaks above the moving average lines. The altcoin will then rise back to its previous high of $1,900. However, Ether is currently retesting the historical price level of March 27. In previous price action, Ether rallied above current support on March 28.  Pagsusuri ng tagapagpahiwatig ng Ethereum  Ether has fallen to its previous low and is approaching the oversold area of the market. It is at level 38 of the Relative Strength Index for period 14. The breakdown is triggered by the price bars

2023-06-13Ethereum

Pinagsama-sama ang Presyo ng Bitcoin, Bakit 100 SMA ang Susi sa Bagong Pagtaas

Balita ng Ethereum ng Bitcoin  Ang Bitcoin ay dahan-dahang gumagalaw nang mas mataas mula sa $25,500 support zone.  Ang presyo ay kinakalakal sa ibaba $26,000 at ang 100 oras-oras na Simple moving average.  Nagkaroon ng pahinga sa itaas ng isang pangunahing linya ng trend ng bearish na may pagtutol na malapit sa $ 25,900 sa oras-oras na tsart ng pares ng BTC USD (feed ng data mula sa Kraken).  Ang pares ay maaaring magsimula ng recovery wave kung mayroong isang paglipat sa itaas ng $26,150 resistance.  Pagbawi ng Mga Mata sa Presyo ng Bitcoin  Ang presyo ng Bitcoin ay bumuo ng base sa itaas ng $25,400 support zone. Ang BTC ay ngayon ay pinagsama-sama at dahan-dahang gumagalaw nang mas mataas sa antas na $25,650 ngunit nahaharap ito sa maraming hadlang.  Nagawa ng mga toro ang presyo sa itaas ng 50% Fib retracement level ng kamakailang pagbaba mula sa $26,200 swing high hanggang sa $25,620 na mababa. Bukod dito, nagkaroon ng break sa itaas ng isang major bearish trend line na may resistance malapit sa $25,900 sa hourly chart ng BTC/USD pair.  Sinusubukan na ngayon ng presyo ng Bitcoin ang $26,000 at ang 100 oras-oras na Simple moving average. Mukhang nahaharap ito sa paglaban malapit sa $26,000 zone o

2023-06-13Bitcoin

Block Green Launches Bitcoin Mining Future Revenue Marketplace In Partnership With Merkle Standard

Bitcoin  Inilunsad ng Block Green ang Bitcoin Mining Future Revenue Marketplace Sa Pakikipagtulungan Sa Merkle Standard  18 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a U.S. Bitcoin mining company, have announced a partnership that allows Merkle Standard to utilize Block Greens platform to hedge future revenue risks and access immediate liquidity at “transparent and favorable rates.”  According to a press release, by facilitating mining rewards streaming agreements and employing Bitcoin script and custodial solutions, the platform unlocks opportunities for Bitcoin holders and miners, redefining the financing landscape and empowering participants with new market avenues.  The capabilities of Block Greens platform enable mining operators to sell exposure to their future revenues at a discount, addressing their liquidity needs effectively. Additionally, BTC holders can benefit from the platform, enjoying an attractive BTC-native return.  As part of the partnership, Merkle Standard plans to sell exposure to 100 PH/s of hashrate over a 30-day period, receiving 7.5 BTC in immediate upfront liquidity. Luxor Tech, a mining software and services company, is among the LPs that have filled the trade.  Sebastien Hess, CEO at Block Green, expressed excitement about the partnership, stating, “Our platform empowers Bitcoin miners to unlock and access future

2023-06-13Industriya

Ethereum & Altcoins Are Scams, Only Bitcoin Is King: Peter Brandt’s SHOCKING Claims

Seasoned trading expert Peter Brandt has made headlines by declaring Ethereum (ETH) and all other crypto assets as “scams”, placing Bitcoin (BTC) as the sole reliable option for investors.  Whats the reasoning behind his rebellious stance? Read on.  Bitcoin Reigns Supreme  Brandt, a respected foreign exchange trader, took to social media to express his disbelief in the potential of any crypto asset besides Bitcoin (BTC). He boldly asserted that BTC is the only contender that will survive the volatile crypto market, dismissing all others as mere imitators or fraudulent schemes.  His statement came as a response to a prominent crypto trader, Cheds, on Twitter who proclaimed Bitcoin as the “safest” bet in the crypto industry following a recent market collapse that sent several altcoins tumbling.  Needless to say, the crypto community was left shocked and reeling.  Brandts Long-Standing “Beef” With Altcoins  Brandt has consistently displayed his mistrust toward altcoins, despite analyzing a few of them on several occasions. Notably, he likened Ethereum to silver, with Bitcoin being the gold standard. While acknowledging Ethereums potential for survival, Brandt firmly believes that Bitcoin will always remain the legacy token.  He has always been critical of Ethereum. Back in June 2022, he expressed doubt about the game-changing potential of the Ethereum

2023-06-12Ethereum

Ethereum non-zero addresses hit all-time high despite the price drop

Ethereum  Ang mga di-zero na address ng Ethereum ay tumama sa lahat ng oras na mataas sa kabila ng pagbaba ng presyo  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum (ETH) is witnessing an uptick in adoption rate despite the latest market-wide slump. Its non-zero addresses recently hit an all-time high value amid a 7-day decline of 8.25% in the assets price.  The number of non-zero addresses holding ETH climbed to 100.82 million today, marking the highest value ever witnessed.  Information from the Glassnode chart reveals a consistent upward trajectory in non-zero ETH addresses, with only a minor decline observed in late 2021. This sustained growth persisted through the market challenges experienced in 2022, especially the turmoil caused by the Terra and FTX implosions.  Consequently, non-zero addresses have recently surged to their highest value. This metric underscores the growing interest in ethereum and crypto assets, as more market participants enter the scene despite the occasional turbulence.  Non-zero ETH addresses are addresses holding a positive balance of ETH. In other words, they have a value of the asset greater than zero. This metric is often used to measure the level of activity and engagement within the Ethereum network, as it indicates the number of addresses currently holding

2023-06-12Ethereum

DeFi Exploit Hits Sturdy Finance, 440 ETH Moved to Tornado Cash

Ethereum  DeFi Exploit Hits Sturdy Finance, 440 ETH Moved to Tornado Cash  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Reports are emerging on the latest decentralized finance (DeFi) exploit that has impacted the Sturdy Finance platform. On June 12, blockchain security firm PeckShield posted an alert on the latest DeFi exploit.  The Sturdy Finance platform has been exploited, but it does not appear to be a smart contract hack or security breach.  “The issue seems to be related to the price manipulation.”  DeFi Exploits Persist  PeckShield naka-highlight the fraudulent address reporting that the exploiter had already transferred 442.6 ETH to Tornado Cash. This makes the haul worth approximately $768,000.  Sturdy Finance kinilala the attack and paused all trading while it investigated. The platform offers yield farming with staked crypto collateral.  “We are aware of the reported exploit of the Sturdy protocol. All markets have been paused; no additional funds are at risk and no user actions are required at this time.”  However, it did not provide any additional details about how the exploit happened or if asset prices on the platform were manipulated.  There were very few other details regarding this DeFi exploit at the time of writing.  According to the De.Fi Rekt database, there have been nine crypto and DeFi

2023-06-12Ethereum
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