Press Release Today TheBitTimes.com

Binance and BNB are currently the first and third trending topics in the industry. The discussions have been sparked over the allegations that Binance sold Bitcoin to uphold the value of BNB tokens. The world’s leading exchange is the top holder of Bitcoin. Obliquely, this comes with the power to manipulate the price of the asset. Amid the dumping speculations, several members of the community, including Peter Brandt, have outrightly called out Binance and its founder, Changpeng Zhao [ CZ ]. Additionally, this section of the community is bracing for BNB’s price to break below $200. I have stated for years that CZ and @ binance is a global scam and $BNB just a cheap fiat. Watch it all unravel https://t.co/B1SRFFWgY0 — Peter Brandt (@PeterLBrandt) August 22, 2023 Also Read: Thailand Seeking to Shutdown Facebook over Crypto Scam Ads Binance Wallet Activity Several Binance wallets make the cut to the top holders’ BTC rich list. The last outflow tran...

Binance.US has partnered with the payment startup to facilitate dollar transactions for its users. Facing mounting legal and regulatory challenges, Binance.US has sought a new alliance to address the ongoing monetary transaction issues that have plagued its operations. As part of its strategy to restore dollar transactions for its users, Binance.US has entered into a partnership with a payment provider MoonPay. For several weeks, Binance.US users have grappled with issues in both depositing and withdrawing dollars. This setback has been attributed to the severing of relationships with multiple banking associates. Today, we're excited to introduce a new $USD on-ramp! ️ Buy $USDT on https://t.co/AZwoBOgsqS through payment partners like @moonpay, which supports debit & credit card, Apple Pay, and Google Pay. ️ Sell USDT for USD to withdraw via bank transfer. Learn more & get started ️ — Binance.US (@BinanceUS) August 22, 2023 Through the MoonPay integration, Bina...

BinanceUS to Delay Financial Reporting to the US SEC Binance.US filed a motion for an extension of time to submit verified accounting details to the US SEC, according to a filing in the District Court for the District of Columbia. advertisement According to a consent order signed by Judge Amy Jackson in June, BAM Management US Holdings and BAM Treading Services are ordered to share a detailed financial statement. It includes records of business expenses and estimated costs from December 1, 2022 to the date of the accounting, with the US SEC in the next few weeks. Binance believes the regulatory action in the US is mainly to target the crypto exchange and its entities. Also, accounting firms are reluctant to work with crypto firms amid intense scrutiny from regulators, especially after the FTX crisis. As CoinGape Media reported, the proposed agreement allows only Binance .US employees to access customer funds on the US-based crypto exchange. Binance Global off...

ChatGPT creator Sam Altman’s Crypto project , the controversial Worldcoin, has been placed on hiatus in Kenya — where hundreds of thousands have already signed up — amid concerns by the government over the collection of biometric data. “The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” said Kenya’s Ministry of the Interior on Wednesday in a Facebook post. Inquiries and investigations by security, financial, and data protection agencies have already commenced, the press release said, to establish “the safety and protection of the data being harvested, and how the harvesters intend to use the data.” If these probes uncover “any risks to the general public whatsoever,” Worldcoin will remain suspended . Worldcoin is a dystopian eyeball-scanning crypto project. Orb stations (ball-shaped cameras) scan your iris to “distinguish hu...

Mainstream adoption of the metaverse will require more than a dead-eyed avatar and high-quality graphics. The world met the first metaverse in 1992 when Neal Stephenson’s Snow Crash depicted an online world that users could only access via virtual reality (VR) goggles. Stephenson described this universe as a place where users could receive computer-generated bodies, hang out with friends and attend events like concerts. The 2018 film Ready Player One revisited this theme, emphasizing that the metaverse would overtake the real world and become the place where people spend most of their time. Currently, however, the metaverse and VR experiences are a far cry from how they were imagined in science-fiction media. Today’s graphics on metaverse and VR platforms don’t provide the realism that many would expect from a digital immersion experience. According to an article in Fast Company, the dead eyes of Mark Zuckerberg’s metaverse avatar in Meta’s latest release suggest a graphical qua...

Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support.  The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the SEC explicitly mentioned BNB, Solana (SOL) and Cardano (ADA), which are direct competitors to Ethereum’s smart contract processing capabilities. However, as noted by analyst Jevgenijs Kazanins, Ether’s omission does not mean that it has the green light from the SEC. SEC did not mention #ETH in the list of tokens that i...

Popular crypto reporter Wu Blockchain shared the news, reporting that multiple sources confirmed upcoming layoffs at Binance. Binance hasn’t responded to clarify whether the rumors are true or false. advertisement Binance to Start Mass Layoffs Binance currently has nearly 8000 employees and the rumors suggest that the proportion of Layoffs in June could be about 20%. The Layoffs could be related to broader market conditions and recent expansions. According to sources familiar with the matter, the compensation plan is being formulated as per different conditions and places. Meanwhile, some departments in Binance will continue to hire. SCOOP: According to multiple sources who confirmed to WuBlockchain, Binance has started layoffs, and the proportion is still uncertain. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

Meanwhile, multiple sources claim Multichain co-founder and CEO Zhao Jun is currently missing and is suspected of being investigated by the police. Fusion Foundation founder and co-founder Qian Dejun confirmed that he can’t reach Zhao Jun as he remains unavailable. advertisement Binance Seeks Clarity from Multichain Crypto exchange Binance in a tweet on May 25 announced a temporary suspension of deposits for bridged tokens related to Multichain. The exchange may reopen deposits only after clarity from the Multichain team. Binance has suspended deposits for POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC. The deposits for these assets on other networks remain open. Multichain confirmed earlier that most cross-chain routes of the Multichain protocol are functioning normally, but some cross-chain routes are unavailable due to “force majeure” and the time to restore service is unknown. Mul...

Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for violations of trading and derivatives laws. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license. The lawsuit from the commodities watchdog in the U.S. took many by surprise with market observers and reporters claiming it to be a political move. Eleanor Terrett, a Fox news reporter tweeted that sources close to the CFTC suggest the commodities regulator decided to go for a lawsuit in order to show the Securities and Exchange Commission (SEC) that this is a commodities issue rather than a securities one. than a securities one. They also say "Vegas odds" have the @SECGov rushing out a similar lawsuit against @ Binance as a count...