CrYpTo MaNiA

2023-06-08 04:24:19 CZ Binance is shot!

This is a new wave of rumors about the CEO of #Binance spreading in the Asian media

"New FUD. This video was widely distributed in Asia, it said that I had a dispute with the American inspection agency, and I took out an AK-47. Then the police opened fire first, and I was killed! And yes, I was shot 27 times... Who can even come up with such shit?" — CEO of Binance

This is the second “murder” of Changpeng Zhao #CZ in the Asian media — no matter how the third one turns out to be true ओपन / कमेंट

2023-06-08 03:42:19 CZ and Brian Armstrong's fortune decreased by $1.4 billion and $361 million respectively in the last two days.

Source ओपन / कमेंट

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2023-06-06 06:08:33 Bitcoin News
Atomic Wallet Hack: Team Claims No Assets Have Been Lost in More Than 40 Hours

https://static.news.bitcoin.com/wp-content/uploads/2023/06/shutterstock_1918152971-768x432.jpg The Atomic Wallet team claimed on June 4 that the hacking incident in which digital assets worth nearly $35 million were stolen has only affected less than 1% of its monthly active users. The team also promised to report “victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds.”

Atomic Wallet Team Says No Drained Transactions Reported in More Than 40 Hours

Just under 48 hours after digital assets worth approximately $35 million were stolen from users of the Atomic Wallet, the team behind the decentralized wallet claimed in a tweet on June 4 that under “1% of monthly active users have been affected/reported.” The team added that the last confirmed drain of user assets had occurred more than 40 hours earlier.

As reported by Bitcoin.com News, the statistics of the hack suggested that one individual had lost close to $8 million, while five individuals were thought to account for nearly half of the stolen funds. The Atomic Wallet team initially responded to the ensuing user complaints by promising to investigate and analyze the hacking incident.

However, more than 24 hours after confirming the hack, the Atomic Wallet team said investigations were still ongoing and that efforts were underway to block the stolen funds.

“Security investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds,” the Atomic Wallet team said in the tweet.
Users Asked to Be Wary of Twitter Accounts Promising Refunds

Meanwhile, an onchain sleuth going by the name Zachxbt on Twitter has warned users of the wallet to be wary of phishing scammers using fake Atomic Wallet accounts. Unlike the blue checkmark Twitter handle which has been used by the Atomic Wallet to communicate with users, the parody account has a gold checkmark.

https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png Careful phishing scammer with gold checkmark in the replies https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png pic.twitter.com/kxWDGDXeK7

— ZachXBT (@zachxbt) June 5, 2023
As shown in the screenshot of the scam account shared by Zachxbt on Twitter, the phishing scammers are attempting to lure victims of the hack by asking them to inquire if they are eligible for a refund. While the Atomic Wallet team responded to the warning by thanking Zachxbt, one report suggested that the scammers may have already stolen more funds via this tactic.

What are your thoughts on this story? Let us know what you think in the comments section below.

Crypto Bitcoin News Trading USDT ओपन / कमेंट

2023-06-06 06:08:32 Bitcoin News
US SEC Identifies 12 Crypto Tokens as Securities in Binance Lawsuit

https://static.news.bitcoin.com/wp-content/uploads/2023/06/sec-binance-securities-768x432.jpg The U.S. Securities and Exchange Commission (SEC) has identified 12 crypto tokens as securities in a new lawsuit filed against Binance and its CEO, Changpeng Zhao (CZ). The securities regulator asserted that Binance platforms “have made available for trading on them crypto assets that are offered and sold as investment contracts, and thus as securities.” SEC Highlights 12 Crypto Tokens as Securities in New LawsuitThe U.S. Securities and Exchange Commission (SEC) has claimed that 12 crypto tokens are securities in its lawsuit filed Monday against crypto exchange and its CEO, Changpeng Zhao (CZ). The lawsuit also names Bam Trading Services, which operates crypto trading platform Binance.US, and its parent company Bam Management US Holdings as defendants. According to the lawsuit, Zhao owns 81% of Bam Management.

The SEC alleged that the defendants have “unlawfully solicited U.S. investors to buy, sell, and trade crypto asset securities through unregistered trading platforms available online at Binance.com and Binance.US.”

The regulator added that since the Binance platforms launched, the defendants “have made available for trading on them crypto assets that are offered and sold as investment contracts, and thus as securities.” The SEC’s lawsuit details:

This includes, but is not limited to, BNB, BUSD, and the units of each of the crypto asset securities further described below — with trading symbols SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.

Noting that Binance.com lists more than 350 crypto tokens, the lawsuit further states: “The Binance platforms have made available for trading crypto assets that have been the subject of prior SEC enforcement actions based upon their status as crypto asset securities, including but not limited to AMP (the AMP token), REP (the Augur token), UST (the Terrausd token), and TRX (the token associated with the Tron network).”

The SEC has previously claimed that several other crypto tokens are securities, including DASH, TKN, NGC, and OMG, as stated in its lawsuit against Bittrex. In addition, the watchdog is still engaged in an ongoing lawsuit with Ripple Labs over XRP. Other regulators have also claimed that some crypto tokens are securities, including New York Attorney General Letitia James who stated in a lawsuit filed against crypto exchange in February that AMP, LUNA, LBC, and RLY are securities.

The list of crypto securities expressly mentioned in the Binance lawsuit Monday does not include bitcoin (BTC) or ether (ETH). SEC Chairman Gary Gensler previously said that all crypto tokens, besides bitcoin, are securities. However, he refused to provide a definite answer when asked during his testimony before the House Financial Services Committee whether ether is a security or a commodity. Meanwhile, the chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has insisted that ether is a commodity.

Nonetheless, various individuals have pointed out that the opinion of the SEC or its chair is not the law. Lawyer Logan Bolinger has highlighted that judges, not SEC chairs, have the ultimate authority in interpreting and applying the law.

What do you think about the SEC claiming that the above list of crypto tokens are securities? Let us know in the comments section below.

Crypto Bitcoin News Trading USDT ओपन / कमेंट

2023-06-06 06:08:32 Bitcoin News
Tether Expands Investments in Green Bitcoin Mining, Invests in El Salvador’s Volcano Energy

https://static.news.bitcoin.com/wp-content/uploads/2023/06/tethersve-768x432.jpg Following the company’s announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Volcano Energy.”

Tether Backs Volcano Energy

Tether is increasing its investments in recent times, having announced a mining project in Uruguay and revealing an investment in the Georgia-based payment processing company Citypay.io. The stablecoin company, responsible for the largest stablecoin asset by market cap (USDT), disclosed on Monday that it participated in a $1 billion investment in Volcano Energy, which is backed by Max Keiser.

The funds obtained by Volcano Energy will be utilized for a 241-megawatt (MW) renewable energy mining facility in Metapán. The data center will harness photovoltaic solar and wind power to fuel the company’s operations. Tether and Volcano Energy anticipate a substantial increase in the proportion of sustainable bitcoin mining in the forthcoming years.

Energy https://t.co/dqvly29BUo

— Josue Lopez (@JosueLopezGal) June 3, 2023
“Volcano Energy represents one of the most ground-breaking and strategic initiatives we are investing in and we look forward to working alongside Josue Lopez and his team to make El Salvador a global force in renewable energy production,” Tether’s CTO Paolo Ardoino said on Monday.

Josue Lopez, CEO of Volcano Energy, stated on Monday that 52% of the existing bitcoin mining operations utilize sustainable and renewable energy sources. “We believe this percentage will significantly increase in the coming years, through important investments like ours,” Lopez said. “Not only is ‘Volcano Energy’ important for the future of bitcoin resiliency, it’s also an important sign of the new crucial role that El Salvador plays in the global tech environment.”

What do you think about Tether investing in El Salvador’s Volcano Energy? Share your thoughts and opinions about this subject in the comments section below.

Crypto Bitcoin News Trading USDT ओपन / कमेंट

2023-06-06 06:08:32 Bitcoin News
BNB Plunges 9% as Binance Faces Lawsuit, Exchange’s Bitcoin Reserves Record Significant Outflow

https://static.news.bitcoin.com/wp-content/uploads/2023/06/dd-768x432.jpg Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dollar, reaching a total valuation of $1.13 trillion. Among the leading digital currencies, Binance’s BNB token suffered significant losses, dropping by 9.7% against the dollar in response to the SEC’s allegations. 9,802 Bitcoin Leaves Binance in 24 Hours, BNB and CAKE Suffer Market LossesThe market’s response to the news of Binance being sued by the U.S. securities regulator has been far from positive, as indicated by current data. On Monday, crypto markets witnessed a substantial decline of approximately $50 billion in value following the announcement regarding .

Among the major casualties of the day, Binance’s BNB coin stood out, experiencing a significant loss of 9.7% within a 24-hour timeframe. It ranked as the second-largest loser on June 5, trailing only behind solana (SOL), which recorded a decline of 10.3%.

During Monday’s trading sessions, BNB, currently the sixth-largest cryptocurrency asset in terms of global trade volume, witnessed approximately $1.52 billion in trading activity. Meanwhile, pancakeswap (CAKE), experienced a substantial decline of 11.7% against the U.S. dollar.

The impact of the SEC’s announcement can also be seen in the amount of bitcoin (BTC) that has been withdrawn from Binance. According to coinglass.com statistics, a significant sum of 9,802 BTC, valued at $249.36 million, has been moved out from Binance’s bitcoin reserves.

While Binance witnessed an outflow of 9,802 BTC, Coinbase saw an inflow of 5,296 BTC during the same period. As of now, Binance boasts a reserve of crypto assets, amounting to $54.35 billion, as reported by nansen.ai metrics. Among these holdings, 17.49 billion tether (USDT) and 425,365 BTC, valued at $10.82 billion, are included.

Additionally, Binance holds a substantial amount of 3.8 million ethereum (ETH), worth $6.8 billion based on the current exchange rates for ether. Moreover, Binance processed $12.46 billion in crypto trade volume in the last 24 hours. This places Binance’s current 24-hour trade volume at six times larger than that of most exchanges in the market today.

After Binance was sued by the U.S. securities regulator, the exchange responded by noting it is “disheartened” by the SEC’s choice to litigate rather than cooperate. “We intend to defend our platform vigorously,” Binance said on Monday. “Unfortunately, the SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry.”

What are your thoughts on the impact of the lawsuit against Binance and the significant outflow of bitcoin from the exchange? Share your thoughts and opinions about this subject in the comments section below.

Crypto Bitcoin News Trading USDT ओपन / कमेंट

2023-06-05 19:23:05 Bitcoin Price Prediction as BTC Breaks Above $27,000 Resistance – Here's Where BTC is Heading Now

According to Brian Armstrong, the CEO of Coinbase, the United States is losing its technical leadership in the development of financial systems due to its stance on cryptocurrencies, which is pushing innovation elsewhere.

Countries such as the United Kingdom, United Arab Emirates, Brazil, Japan, the European Union, Australia, and Singapore are formulating rules to establish themselves as cryptocurrency centers and attract business.

Armstrong believes that China would benefit the most from the strict crypto regulations in the US.

He points out that China is spreading its platforms globally through initiatives like the Belt and Road, incorporating its social credit system.

Additionally, China aims to compete directly with the US currency and its influence by introducing the digital yuan.

Armstrong urges US regulators to provide more regulatory clarity to prevent companies from flocking offshore, ensuring that the US maintains its position as an innovation hub and financial leader.

Failing to do so could allow rival countries like China and Hong Kong to seize the opportunity and undermine the US's status as a technological hub. ओपन / कमेंट

2023-06-05 14:59:55 According to the dogs, doge rigidly accumulates one wallet
And this is clearly something yes it will be
More than $1.5 billion ओपन / कमेंट

2023-06-04 18:33:20 INJ$ Something is cooking ओपन / कमेंट