Coinbase Slams SEC For Unfair & Unreasonable Wells Notice
Posted by admin on 26. March 2023
• Coinbase has released a public statement in response to the Wells notice issued by the U.S. Securities and Exchange Commission, calling it “unfair and unreasonable”.
• The Wells notice is a warning issued by the SEC staff to companies that may have violated securities laws.
• In their statement, Coinbase expressed disappointment with the SEC’s minimal investigation and lack of clarification over alleged violations.
What Is A Wells Notice?
A Wells notice is issued by the SEC staff to a company that the regulatory body has been recommended to take enforcement action against for possibly violating securities laws. It does not represent a formal charge or a lawsuit, but in many cases, it can lead to one. It is basically the SEC giving warning to a particular company that they are under strict scrutiny and could be taken to court.
Coinbase Responds To “Unfair” Wells Notice
On Wednesday, Coinbase responded to the SEC’s “Wells notice” with a public statement, calling out its “unfair and unreasonable” approach towards the crypto platform and its operations. The team expressed deep disappointment, claiming it was served the “Wells notice” over an unspecified portion of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. They also accused the SEC of serving notice after only minimal investigation into these matters.
SEC Butting Heads With Coinbase
Coinbase has announced that this news will not affect their current products and services which will continue operating as usual. They have also expressed disappointment that the Wells notice did not provide any specific information about potential violations of securities law or identity which assets were considered in violation of such laws. The team claims they had proposed multiple registration options across months which were never responded to by regulators nor was further clarification given beyond identifying some securities violations on their platform.
Judges Against SEC
The statement also includes a quote from Federal Bankruptcy Judge Michael Wiles who called out regulators over an ongoing Voyager case saying “Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject t regulation.”
Coinbase has argued against taking enforcement action against them due to lack of clarity on what specifically constitutes securities law violations on their platform while judges have called out regulators for not being able to agree on how cryptocurrencies should be regulated moving forward
ARB Token Set to Launch: Get Ready for the Airdrop on March 23!
Posted by admin on 20. March 2023
• The Arbitrum Foundation recently announced the launch of its new ARB token.
• The airdrop of the token will take place on March 23rd, marking the transition into a decentralized autonomous organization (DAO).
• Eligibility for claiming the ARB token is determined by factors such as number of transactions conducted and applications used.
ARB Token Airdrop Date Announced
The Arbitrum Foundation recently announced that its new ARB token will be airdropped to the community on March 23rd. This marks the beginning of Arbitrum’s transition into a decentralized autonomous organization (DAO).
What Is Arbitrum?
Arbitrum is one of the biggest players in the Ethereum layer-2 scaling solution landscape. It allows users to conduct transactions on the Ethereum blockchain with far greater speeds and lower fees through networks like Arbitrum One and Arbitrum Nova.
Eligibility for Claiming ARB
To determine which users are eligible to receive ARB tokens, Arbitrum has worked closely with crypto analytics firm Nansen to create snapshots of user activity. Factors taken into consideration include number of transactions conducted, number of applications used, and how long users used Arbitrum One and Nitro. Users can check their eligibility during the airdrop by visiting gov.arbitrum.foundation, but they should also be aware of potential scammers sending them to fake websites when claiming their tokens.
Supply Of ARB Tokens
The ARB token will have a supply of 10 billion, out of which 44% will be issued to investors and core contributors. This move will make Arbitrum far more decentralized than other competing chains as Offchain Labs – creator of Arbitrum – will no longer have any control over its future once it transitions into DAO form.
The launch of ARB tokens marks an important milestone for both Offchain Labs and for cryptocurrency in general as it paves way for more decentralization within crypto networks while giving eligible users an opportunity to claim these tokens through an upcoming airdrop event happening on March 23rd 2021.
Crypto Investors Look to HedgeUp (HDUP) as 2023 Savior
Posted by admin on 13. March 2023
• HedgeUp (HDUP) is a new cryptocurrency that offers an inclusive marketplace for investors to access different asset classes and diversify their portfolios.
• The unique ecosystem of HedgeUp also provides investors with information about other economies, allowing them to better manage their investments.
• Bitcoin (BTC) holders are bracing themselves for the massive correction expected in the crypto market in 2023.
HedgeUp: The Crypto Market’s Next Savior?
The recent developments and advancements in cryptocurrency have made it clear that the crypto market is gearing up for a major shift in the coming months. As users and investors look to carefully evaluate every project they invest in, many are turning towards HedgeUp (HDUP) as their savior in 2023.
What Makes HedgeUp Special?
HedgeUp (HDUP) has become increasingly popular due to its unique ecosystem designed to improve awareness and inclusivity within the crypto space. With its inclusive marketplace, investors can easily monitor their investments and gain access to different asset classes such as Bitcoin (BTC), Ethereum (ETH), Binance (BNB), and Ripple (XRP). Not only does this provide ample opportunity for diversification, but it also makes it easier for new investors to understand financial terms presented within the platform.
What Can Bitcoin Holders Expect?
Bitcoin holders should prepare themselves for a massive correction expected soon within the crypto market. This will cause panic amongst BTC holders as they brace themselves for what comes ahead; however, savvy investors should use this time wisely by setting up their portfolio with maximum potential profits in mind.
Why Is Now A Good Time To Invest In HedgeUp?
Investors looking into alternative assets or wanting to branch out into cryptocurrencies need not look further than HedgeUp (HDUP). Since its presale launch, HDUP has been gaining traction among traders who see its potential as a learning opportunity combined with investment security measures. Therefore, now is an excellent time to invest in HDUP before prices rise even higher!
The future of cryptocurrencies is looking bright, especially where Hedgeup(HDUP) is involved. It’s important now more than ever that users be careful about which projects they choose when investing their money; however, wise investors know that investing early on could lead them down a path of great reward and success!
Test the zkEVM Now: ConsenSys Announces Public Testing of Rollup Network
Posted by admin on 7. March 2023
• ConsenSys has announced the public testing of its zkEVM rollup network.
• The testing will start on the 28th of March and could lead to a mainnet merge sometime in 2023.
• The zk-rollup provides scalability solutions, faster transactions, and improved security for Ethereum.
ConsenSys To Begin Public Testing Of zkEVM Rollup Network
ConsenSys has announced that it is set to begin a public test of its zkEVM rollup network. The testing is scheduled to commence on the 28th of March and will clear the path for an eventual mainnet merger sometime in 2023. This follows the successful completion of a private beta phase that saw over 490,000 transactions processed from decentralized applications.
Scalability Solutions For Ethereum
The zk-rollup network offers scalability solutions by performing off-chain computations on a secondary layer, resulting in faster and cheaper transactions while prioritizing Ethereum’s overall security. Furthermore, gas fees are charged in ETH, removing the need for third-party code translation.
The ConsenSys zkEVM is the result of work by teams from MetaMask, Infura, Truffle and developers on Gnark and Besu with features designed to improve security and onboarding times quickly without rewriting smart contracts or changing code.
The rollup will also feature integrations with popular Ethereum tools such as RPC Service Infura, Truffle, and MetaMask wallet which will expedite user onboarding while Infura integration allows developers to ship decentralized applications across multiple protocols at once without additional cost or delay.
Overall, ConsenSys’ public testing of its upcoming zero-knowledge Ethereum Virtual Machine (zkEVM) on a public testnet should bring great benefits to projects in the ecosystem such as faster finality, high throughputs , enhanced security for Ethereum settlement as well as zero switching costs for developers migrating existing dApps without rewriting smart contracts or changing code .
Unlock Creativity with Yaypegs: The Non-Fungible Token Collection
Posted by admin on 28. February 2023
• Yaypegs is a non-fungible tokens collection built on the Ethereum network with 9,998 items of the Yaypegs collection.
• The total number of owners has reached 2609 within 105 days since its release with a market capitalization of 459.24 ETH and 47,856 collections sales at an average price of 0.08 ETH.
• NFTs vary in value depending on their level of legitimacy, first-mover advantage, and opportunistic exploitation. It is difficult to determine whether the Yaypegs collection is overpriced or underpriced.
What is an Yaypegs?
Yaypegs are a non-fungible tokens collection built on the Ethereum network launched in 11 November, 2022. 9,998 items of the Yaypegs collection can now be viewed at OpenSea.
How many owners does the Yaypegs collection have?
The total number of owners has reached 2609 within 105 days since its release.
NFT Collection Yaypegs Price and Sales
The market capitalization of Yaypegs NFT collection is 459.24 ETH. Since created the Yaypegs, 47,856 collections sales were made at an average price of 0.08 ETH (~$123.39 at the time of writing). This created a total volume in 3,696.877 ETH. The floor price of Yaypegs is 0.035 and the 30-day trading volume is kept at 242.58 ETH. The payment tokens of the Yaypegs collection are ETH, WETH, USDC.
Why are some NFTs expensive and others not?
NFTs are very new to the blockchain ecosystem and are still in their infancy .It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT .NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage .These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plaguedthe NFT market and have ,in such a way ,made themselves more valuable .When thee NFT boom took flight ,many people realized profits beyond their wildest dreams ,creating a space for opportunists to take advantage of themarket growth . While some NFTS can be considered digital art ,created by an artist who recognizes t hevalue N FTs can add tothe creative space ,othershave been made purely out o f greedand a needto exploitthe immensemarket growth .N FTprojects that stemfromgreedand exploitation often have no valueandare ultimatelygarbage .
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Play & Earn USDC with House of Slots: The World’s First Stable Blockchain Social Casino Game
Posted by admin on 22. February 2023
• ChainwireMassive Gaming, NEOWIZ’s overseas affiliate, will launch the global social casino slot game House of Slots in March 2023.
• House of Slots will offer over 80 different social casino slot machine games and provide users with a realistic and fair gaming experience.
• Tokens, airdrops, and game NFT free minting events will be included before and after the launch.
Introduction to House of Slots
Seattle, Washington, 20th February, 2023 – ChainwireMassive Gaming, NEOWIZ’s overseas affiliate is set to launch the global social casino slot game ‘House of Slots’ in March 2023. The game is expected to provide users with an opportunity to experience Play & Earn ecosystem before its formal launch. This project marks as the first stable blockchain technology-based social casino game in the world and it offers over 80 different slot machine games for users with a realistic and fair gaming experience.
The Web3-based Play & Earn system unlocks rewards in its decentralized economy which allows players to own more value within the game. To take part in this reward system, one must install an IntellaX wallet either through simple login registration or by linking their email address which enables them to easily participate in various events such as tokens airdrops and NFT free minting event both prior and post-launch. Additionally, mission plays also have certain benefits attached where those who possess an NFT get access to exclusive holder limited events after opening.
Adoption of USDC
The most notable aspect of this project is that USDC (a coin fixed to the value of US dollar) has been adopted globally for playing various social casino games for free while earning specific goods provided by the game at no cost. This initiative prevents any decline in token values which has been one of the major issues with Web3-based games so far.
To stay updated on upcoming airdrops or NFT free minting events one can join discord server or follow us on our Twitter & Telegram channels as well as Gleam page links are available for further information regarding these events too.
House Of Slots provides an exciting platform for gamers by offering them realistic gaming experiences along with attractive rewards systems built around blockchain technology which makes sure that players are able to make full use out of their every effort within this system without worrying about token values decline due to volatility issues in Web3 based games anymore!
AIN/USDT Trading Now Available on Bittrex Global: Invest in the AI Network!
Posted by admin on 15. February 2023
• AI Network is a Layer 1 blockchain protocol that enables NFTs to interact with users and data in the metaverse.
• The native token – $AIN, will be listed on Bittrex Global Exchange to expand its global reach and help it achieve its ‘Bring NFTs to Life’ vision.
• AI Network seeks to create an ‘Internet for AI’ which connects GPUs with developers globally, building an AI ecosystem for both AI developers and open-source program creators.
AI Network Achieves Significant Investment Milestone
Common Computer, Inc., a Korean startup, successfully completed their pilots and prototypes for large Korean companies such as LG Electronics. This resulted in the creation of the AI Network protocol, which recently closed its latest round of funding at $15 Million in August 2021.
Listing on Bittrex Global
The AIN/USDT trading pair will be officially available for trading on February 15, 2023, at 09:00 AM (UTC+9). This listing on a leading cryptocurrency exchange will help the project achieve its ‘Bring NFTs to Life’ vision by providing more access and liquidity to investors.
Creating an Internet for AI
AI Network is aiming to build an ‘Internet for AI’ that connects GPUs with developers all around the world. By creating this decentralized network for global AI development everyone can have access to these powerful resources instead of just Big Tech companies having exclusive access. The Runo NFT will serve as an infrastructure resource provider rewarding contributors within the ecosystem.
Benefits of Listing on Bittrex Global
Bittrex Global is one of the most well established exchanges in crypto industry providing high quality projects with reassurance given from being fully compliant & regulated exchange helping protect investors investments further due to strict listing requirements they provide while having a large user base giving higher liquidity than many other exchanges out there today.
In conclusion, by listing their native token – $AIN – on Bittrex Global Exchange, AI Network has taken another step towards achieving their mission of creating an ‘Internet for Artificial Intelligence’. With this listing comes increased access and liquidity that can help propel them into becoming a leading blockchain Layer 1 platform and bring their vision of bringing NFTs to life even closer.
Ex-Coinbase Employee Pleads Guilty in First Crypto Insider Trading Case
Posted by admin on 10. February 2023
• Ishan Wahi, an ex-Coinbase product manager, pled guilty to two counts of conspiracy to commit wire fraud in the first-ever insider trading case related to cryptocurrencies.
• He tipped off his brother and associate regarding crypto assets that were going to be listed on Coinbase exchanges.
• Federal authorities are cracking down on the cryptocurrency industry with this case as a part of their global onslaught.
Ishan Wahi Pleads Guilty
The United States Department of Justice announced that former Coinbase employee Ishan Wahi pled guilty to two counts of conspiracy to commit wire fraud. Wahi, along with his brother Nikhil and associate Sameer Ramani, was charged by the DOJ last year with “wire fraud conspiracy in connection with a scheme to commit insider trading in cryptocurrency assets.” Ishan Wahi is scheduled to be sentenced on May 10 and faces up to 20 years in prison for each count of conspiracy to commit wire fraud.
Insider Trading Scheme
Wahi tipped off his brother and associate “regarding crypto assets that were going to be listed on Coinbase exchanges.” According to reports by the New York Times, Mr. Wahi began working on Coinbase’s asset listing team in October 2020, which gave him access to information about which cryptocurrency Coinbase would offer on its platform. The price of a cryptocurrency tends to go up when a major exchange such as Coinbase announces it will list it. Ishan Wahi provided information regarding these listings to his brother Nikhil and associate Sameer Ramani. According to prosecutors, the data allowed Mr. Wahi’s co-accused to execute profitable trades secretly. It is estimated that they were involved in trades that used information about 14 listings and generated around $1.5 million in profits.
Sentencing For Brother
Ishan Wahi’s brother, Nikihil Wahi, was sentenced
Polkadot’s Low Electricity Consumption Could Fuel Price Recovery
Posted by admin on 27. January 2023
• Polkadot (DOT) is in the green and showing signs of price recovery.
• The coin was seen struggling and unable to reach its pre-FTX levels in January, however its low electricity consumption could be the driving force behind a change in public sentiment.
• According to Coingecko, DOT has seen a 4% price increase in the last 24 hours and is currently trading at $6.50.
Polkadot (DOT) is an open-source interoperable blockchain platform designed to enable the creation of secure, scalable, and interoperable networks of blockchains. In recent weeks, the coin has been showing signs of price recovery and is currently trading in the green.
The past month of January was particularly difficult for DOT as the coin struggled to reach its pre-FTX levels. However, the coin’s unique eco-friendly quality could be the driving force behind its price recovery. According to the CCRI Report 2022, DOT was ranked second among all cryptocurrencies in terms of total yearly electricity consumption. This means that the coin consumes very low electricity, making it one of the most eco-friendly blockchains in the industry.
The low electricity consumption of Polkadot could be the key to the coin’s price recovery. At the time of writing, Coingecko reported that the price of DOT has increased 4% in the last 24 hours and is currently trading at $6.50. This shows a positive trend in the coin’s price movement, hinting at the possibility of a future price recovery.
In addition to the low electricity consumption, Polkadot also has a high development activity, as evidenced by the spike in its activity. This is another indicator of the coin’s potential for price recovery.
Overall, the eco-friendly quality of Polkadot could be the driving force behind the coin’s price recovery. The low electricity consumption and high development activity of the coin could make it an attractive investment opportunity in the near future.
Bitcoin Breaks Above $21,200: Is A Major Bull Run Imminent?
Posted by admin on 20. January 2023
1. Bitcoin price is attempting a fresh increase above the $21,200 resistance zone.
2. Bitcoin corrected lower, but it found support near the $20,500 zones.
3. There is a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair.
The Bitcoin market is in a state of flux, with prices hovering around the $21,000 mark. After a few days of consolidating around this level, the world’s largest cryptocurrency is now attempting to break higher. Currently, the price is trading around $21,100 and it could be on the verge of a major breakout if it can clear the $21,200 resistance zone.
The recent surge in Bitcoin’s price has been attributed to a number of factors, including the increase in institutional adoption and the upcoming launch of Bitcoin futures on major exchanges. Furthermore, the recent increase in Bitcoin’s liquidity has helped to boost its price, making it a more attractive asset for traders.
Looking at the technical picture, Bitcoin corrected lower after hitting the $21,500 resistance zone. However, the bulls were able to defend the $20,500 level and the price has since rebounded. There is now a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair. If the bulls can push the price above this trend line, then it could signal the start of a fresh bull run.
In addition, if the bulls can break above the $21,500 resistance zone, then it would open the doors for a further rally. On the downside, if the price fails to hold the $21,050 level, then it could retest the $20,500 support zone. If the bears manage to break below this level, then the price could drop towards the $19,800 support zone.
Overall, the Bitcoin market looks to be in a bullish trend and the next few days could be decisive in determining the direction of the cryptocurrency. If the bulls can break above the $21,500 resistance zone, then it could signal the start of a new bull run and the price could rise towards its all-time high of $42,000. On the other hand, if the bears manage to break the $20,500 support zone, then it could lead to a major sell-off and the price could fall towards the $19,800 support zone.