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From Dominance to Compliance

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Time Stamp: December 3, 2023 1:05 PM - Modified On: December 3, 2023 - Published By:
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Last Tuesday saw Binance settle its long-running legal disputes with several U.S. government agencies, including the Department of Justice (DoJ), the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the U.S. Commodity Futures Trading Commission (CFTC). However, they failed to reach an agreement with the Securities and Exchange Commission (SEC) regarding their pending charges. As part of the settlement, Binance has agreed to pay an eye-popping fine of $4.3 billion. Furthermore, Changpeng Zhao (CZ), the CEO of Binance, will step down

FAMED PHOTOGRAPHER DAVID CHRISTOPHER LEE TO GIVE AWAY NFTS OF ICONIC PHOTOS OVER THE MONTH OF JUNE

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Time Stamp: June 8, 2023 7:24 AM - Modified On: June 8, 2023 - Published By:
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One of the NFT Giveaways Will be a Photography Portrait of Kim Kardashian Los Angeles, June 8th, 2023 - Celebrity photographer David Christopher Lee announced giveaways of several iconic photos turned NFTs over the month of June - including one of Kim Kardashian. This NFT giveaway is part of the launch of Illuminate Art, an executive talent management service for experienced artists who understand the significance of having a digital presence and virtual community. “Increasing access to art and finding innovative ways to engage with a virtual community were driving

Paribus. Trust Less.

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Time Stamp: May 3, 2023 4:37 AM - Modified On: May 3, 2023 - Published By:
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One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

Liquid Craft to Launch 1500 Liquor Backed NFTs on ETH and BSC 23rd Nov

Source Node: https://news.bitcoin.com/liquid-craft-to-launch-1500-liquor-backed-nfts-on-eth-and-bsc-23rd-nov/
Time Stamp: November 19, 2021 9:00 AM - Modified On: November 19, 2021 - Published By:
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press release PRESS RELEASE. Liquid Craft – is bringing a new concept to the NFT space by using collectible handcrafted bottles of Liquor to add value to their digital art pieces. Their first series Dragons and Bourbon is launching for pre-sale on Nov 20th at 12 PM PST with the public sale going live on Nov 23rd at 12 PM PST. Liquid Craft is aiming to bring innovation to two markets simultaneously with this release as well as their upcoming NFT marketplace. The NFTs are all backed by collectible bottles

What if Bitcoin Taproot follows SegWit’s path of adoption

Source Node: https://ambcrypto.com/what-if-bitcoin-taproot-follows-segwits-path-of-adoption/
Time Stamp: November 14, 2021 6:30 PM - Modified On: November 14, 2021 - Published By:
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Bitcoin Taproot is finally live, a network upgrade that has been four years in the making. It was first put forward by Greg Maxwell, cryptographer and developer, in 2018 after SegWit was implemented on 24 August 2017. SegWit was the first major BTC soft fork update, which wasn’t taken all too well by the community. Now, four years later, the ecosystem has another update in store to improve the privacy, scalability, and security of the network. In this article, we will try to draw a possible adoption roadmap for Taproot

French AMF Slaps €300K Fine on Polish Broker XTB

Source Node: https://www.financemagnates.com/forex/regulation/french-amf-slaps-e300k-fine-on-polish-broker-xtb/
Time Stamp: November 10, 2021 7:24 AM - Modified On: November 10, 2021 - Published By:
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The Sanctions Commission of the French financial markets regulator, the Autorite des Marches Financiers (AMF), has issued a warning against X-Trade Brokers (XTB) and also imposed a penalty of EUR 300,000 on the broker for breaches of its professional obligations in France.XTB is a Poland-headquartered broker and operates in France by passporting its Polish license. According to the regulator’s announcement, the breaches were made under the activity of XTB’s French branch between November 2013 and February 2020.Major BreachesThe Commission penalized the broker for three major breaches: shortcomings in service promotion,

Why investors are not entirely sold on investing in a Bitcoin futures ETF

Source Node: https://ambcrypto.com/why-investors-are-not-entirely-sold-on-investing-in-a-bitcoin-etf/
Time Stamp: October 17, 2021 7:30 PM - Modified On: October 17, 2021 - Published By:
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With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

Can a Convicted Art Forger Become Next Big Thing in NFTs?

Source Node: https://beincrypto.com/can-a-convicted-art-forger-become-next-big-thing-in-nfts/
Time Stamp: October 8, 2021 3:18 PM - Modified On: October 8, 2021 - Published By:
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Wolfgang Beltracchi is a well-known and previously convicted art forger. Beltracchi is also the most recent member of the non-fungible token (NFT) creators club. The German faker of fine arts has previously served prison time for his crimes but is putting his skills to good use with a digital art collection. Sponsored Sponsored Artist Wolfgang Beltracchi has a long history of creating paintings for high-end clients worldwide. But, not the way most artists do. The notable difference is that Beltracchi spent decades forging works from history’s greatest artists and collected an

Assessing where Bitcoin, Ethereum actually stand 100 days after May’s crash

Source Node: https://ambcrypto.com/assessing-where-bitcoin-ethereum-actually-stand-100-days-after-mays-crash/
Time Stamp: September 2, 2021 10:00 AM - Modified On: September 2, 2021 - Published By:
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Most of the crypto-space’s top altcoins were relentlessly setting new highs, one after the other, less than four months ago. However, the market became merciless one fine day in mid-May, with most crypto-assets ending up shedding close to half their value. Well, hundred days have passed since 19 May’s crash and the market, at the moment, may be on the cusp of completing a full circle. Source: Coinstats Making sense of the conflicting numbers Bitcoin’s price, at press time, was 28% away from its $64k ATH while Ethereum’s price was

What’s the best-case scenario for Ethereum

Source Node: https://ambcrypto.com/whats-the-best-case-scenario-for-ethereum/
Time Stamp: August 16, 2021 10:01 AM - Modified On: August 16, 2021 - Published By:
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Ethereum has held a valuation above $3000 since August 7th. It is a strong indication of a bullish market and over the long-term, it should unfold as a turning point. Yet, every cycle needs its period of correction and right now, major assets are indicative of such a change. However, we want to analyze Ethereum irrespective of its performance over the past 2-weeks. The market looks overheated but we would be looking at current signs that are signalling a push-down and not the price position itself. $3300-$3400 range of history