The cryptocurrency market continues to evolve, and with it, so do trading strategies. Whether you're a seasoned trader or just starting, having a solid strategy in place is crucial for navigating the ever-changing landscape. Here's a look at some of the top crypto trading strategies to consider in 2024:

For the Active Trader:
Day Trading
This fast-paced strategy involves capitalizing on short-term price movements within a single trading day. It requires constant monitoring, technical analysis skills, and the ability to react quickly to market fluctuations.
Trend Trading
This strategy focuses on identifying and capitalizing on established price trends, whether up (bullish) or down (bearish). Traders use technical indicators and chart analysis to spot these trends and position themselves accordingly.
Scalping
This involves profiting from tiny price movements by entering and exiting trades very quickly, often multiple times a day. Scalpers rely on high trading volume and tight spreads (the difference between the buy and sell price) to generate profits.

For the Long-Term Investor
HODLing (Hold On for Dear Life):
This is a buy-and-hold strategy, where investors acquire cryptocurrencies and hold them for the long term, regardless of short-term price swings. This approach is ideal for those who believe in the long-term potential of cryptocurrencies.
Dollar-Cost Averaging (DCA)
This strategy involves investing a fixed amount of money into a particular cryptocurrency at regular intervals, regardless of the current price. This helps to average out the cost per unit over time and reduce the impact of market volatility.

Emerging Trends
Event-Driven Trading
This strategy involves capitalizing on significant news events or developments that can impact specific cryptocurrencies or the overall market. It requires staying informed about industry news and understanding how these events might influence prices.
AI-powered Trading
The integration of artificial intelligence (AI) and machine learning into trading platforms is gaining traction. These tools can help automate trade execution, analyze vast amounts of data, and identify profitable opportunities.

Risk Management is Key
Regardless of your chosen strategy, risk management is paramount. Always set stop-loss orders to limit potential losses, diversify your portfolio, and only invest what you can afford to lose.
Do Your Research
Before investing in any cryptocurrency, thoroughly research the project, its technology, and its team. Understand the market forces at play and never invest based on hype alone.
Choose a Strategy that Fits You
The best crypto trading strategy is the one that aligns with your personality, risk tolerance, and investment goals. Experiment with different approaches and find what works best for you.
In Conclusion, by understanding these strategies and conducting your due diligence, you can increase your chances of success in the ever-evolving world of crypto trading.

#CryptoTradingGuide

In the dynamic world of digital finance, cryptocurrencies have become a cornerstone for transactions and investments. In Myanmar, the rise of cryptocurrency usage has brought attention to the need for robust security measures. Here, we explore the best practices for safely storing your cryptocurrencies using popular wallets like Binance Web3, MetaMask, and Trust Wallet.

Binance Web3 Wallet: The Self-Custody Solution
The Binance Web3 Wallet stands out with its seamless integration into the Binance platform, offering users a hassle-free experience in managing their digital assets. It eliminates the complexity of seed phrases while ensuring the security and self-custody of your funds. Here’s how to maximize its potential:
Store, Send, and Receive: Manage multiple cryptocurrencies with ease.Interact with dApps: Directly engage with decentralized applications without leaving the wallet.DeFi Participation: Lend, borrow, and stake within the DeFi ecosystem.Robust Security: Benefit from private key management and advanced security features like 2FA and biometric logins.

Sending and Receiving Tokens
Receiving: To receive tokens, access your Binance Web3 Wallet, select the desired cryptocurrency, and share your public address with the sender, ensuring it matches the correct blockchain network.
Sending: When sending tokens, choose the cryptocurrency, enter the recipient’s address, specify the amount, and confirm the transaction, keeping an eye on the network fees.

Network Fees and Security Tips
While Binance does not charge wallet fees, standard network fees apply. Always use the correct network for transactions to avoid loss of funds. Secure your private keys, enable 2FA, and regularly back up your wallet recovery phrase.

Portal to Megadrop Rewards
The Binance Web3 Wallet not only provides a secure and user-friendly platform for managing your cryptocurrencies but also opens the door to exclusive opportunities like the Binance Megadrop. This innovative feature is a token launch platform that integrates with Binance Simple Earn and the Binance Web3 Wallet, offering a redefined airdrop experience.

MetaMask: The Gateway to Ethereum and Beyond
MetaMask is renowned for its user-friendly interface and Ethereum network compatibility. It’s a go-to choice for interacting with Ethereum’s vast ecosystem.
Multi-Chain Support: Use MetaMask across different blockchain networks.Ease of Use: Its browser extension and mobile app make it accessible anywhere.Community Trust: A large user base trusts MetaMask for daily transactions.

Security Practices
Private Key Protection: Never disclose your private keys or seed phrase.Regular Updates: Keep the MetaMask application updated to the latest version.Phishing Vigilance: Be cautious of phishing attempts and only interact with verified dApps.

Trust Wallet: The All-Rounder
Trust Wallet offers a versatile experience, supporting a wide array of cryptocurrencies and blockchain networks.
User-Friendly: Designed for both novices and veterans in the crypto space.Staking Opportunities: Earn rewards by staking your digital assets.Private and Secure: Maintain full control over your private keys.

Best Practices for Trust Wallet
Backup Your Wallet: Regularly backup your wallet to recover it if necessary.Stay Informed: Follow Trust Wallet’s updates and security advisories.Diversify: Use Trust Wallet’s multi-currency support to diversify your portfolio.

Conclusion
In Myanmar’s evolving cryptocurrency landscape, the safety of your digital assets is paramount. By utilizing wallets like Binance Web3, MetaMask, and Trust Wallet, you can ensure the security of your cryptocurrencies. Remember, the key to safeguarding your investments lies in diligent management, regular backups, and staying informed about the latest security measures. Embrace these wallets’ features and enjoy a secure and prosperous journey in the world of cryptocurrencies.

 #CryptoAman

What is Binance Megadrop?
Binance Megadrop is a new token launch platform that integrates Binance Simple Earn and the Binance Web3 Wallet. It offers users an innovative way to participate in airdrops and earn rewards by locking their BNB and completing various Web3 Quests.

How Megadrop Works with LISTA:
Early Access: Megadrop provides early access to select Web3 projects like LISTA before they are officially listed on the Binance exchange.Engagement and Education: Users engage in activities and learn about the blockchain ecosystem through Web3 Quests, enhancing their understanding and earning potential.Reward Mechanism: Rewards are based on a scoring system where users accumulate points by locking BNB and completing quests. The total score determines the allocation of new tokens, such as LISTA, proportional to the user’s participation.
Step-by-Step Guide to Lock BNB and Earn LISTA Tokens:

Sign Up and KYC: Register on Binance and complete the Know Your Customer (KYC) process.
Lock BNB: Lock your BNB tokens by subscribing to BNB Locked Products. The system takes hourly snapshots to calculate your average locked amount until a specified date.
Complete Web3 Quests: Engage in Web3 Quests, such as staking BNB on the ListaDAO DApp. Completing these quests will add points to your total score.
Earn LISTA Tokens: Your final score, which is a combination of your Locked BNB Score and Web3 Quest points, will determine your LISTA token allocation upon distribution. The tokens will be available in your Binance Spot Wallet.
Remember, cryptocurrency investments are highly volatile and risky. Please do your own research and consider your financial situation before participating in such events.

#LISTAMegadrop

Cryptocurrency trading has taken the world by storm, and Myanmar is no exception. Here’s a beginner’s guide to help you start trading crypto.

Step 1: Find a Reliable Crypto Exchange
The first step in your crypto journey is to find a reliable exchange. With the rise of digital currencies, many are looking to get involved in this exciting market. Binance, one of the world’s leading crypto exchanges, offers a platform for Myanmar traders to buy, sell, and store cryptocurrencies securely. Binance stands out as a top choice due to its comprehensive security measures, user-friendly interface, and a wide range of supported cryptocurrencies. It’s essential to use the official Binance website to avoid phishing attempts and ensure the safety of your funds.
When entering the world of cryptocurrency trading, the exchange you choose is your gateway to the market. It’s the platform where you’ll conduct transactions, manage your portfolio, and access market data. Therefore, selecting a reliable exchange is critical for a secure and efficient trading experience.
You may consider the following criteria: Ease of Use, Liquidity, Asset Choices, Security, Reputation, Trading Fees and Customer Support.

Step 2: Do Your Own Research (DYOR)
Before diving into trading, it’s crucial to do your own research. Understand the market trends, read up on different coins, and learn about blockchain technology. This knowledge will help you make informed decisions and identify investment opportunities that align with your financial goals. Research is the backbone of successful trading. It equips you with the knowledge to make informed decisions and helps you stay updated with the latest market trends and technologies.
Firstly, familiarize yourself with blockchain technology and different types of cryptocurrencies. Keep an eye on market movements and news that could affect prices. Look into the project’s whitepaper, team, vision, and use case. Join forums and social media groups to gauge the community’s view on the cryptocurrency. Learn to read charts and identify patterns that could indicate future price movements. By conducting thorough research, you can identify promising cryptocurrencies and make smarter investment decisions.

Step 3: Store in a Secure Crypto Wallet
After purchasing your chosen cryptocurrencies, it’s important to store them in a secure wallet. The Binance Web3 Wallet is a popular choice for its robust security features and ease of use. It allows you to manage your digital assets conveniently while providing peace of mind that your investments are safe.
A crypto wallet is where you store your digital assets. It’s not just a storage unit but also a tool for managing and securing your cryptocurrencies. The Binance Web3 Wallet utilizes Multi-Party Computation (MPC) technology to enhance the security of digital assets. This advanced cryptographic system divides the private key into multiple parts, known as key-shares. These key-shares are then distributed and stored separately: one in the user’s Web3 Wallet, another in cloud storage, and the last one on the user’s device. This method ensures that the private key is never stored in a single location, significantly reducing the risk of theft or loss. The wallet’s design allows users to have full custody of their assets without the need to remember a complex seed phrase, simplifying the user experience while maintaining high security standards.

Summary
Trading crypto in Myanmar on Binance is a straightforward process. By choosing a reliable exchange, conducting thorough research, and using a secure wallet, you can confidently navigate the crypto market. Remember, investing in cryptocurrencies involves risk, so always trade responsibly and within your means.
I hope this article meets your expectations and provides a clear guide for beginners looking to trade crypto in Myanmar on Binance. Alternatively, you can find similar articles on Binance too. If you need further customization or additional sections, feel free to let me know in the comments!
#StartYourCryptoJourney

The announcement, made on June 6, 2024, has generated considerable buzz, as Binance is set to be the first platform to list the IO token. Trading is scheduled to commence on June 11, 2024, at 12:00 (UTC), with a variety of trading pairs available, including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. It’s important to note that any offers to sell this token before the official listing date are unauthorized and should be approached with caution.

IO.NET’s introduction is accompanied by an opportunity for users to farm IO tokens by staking BNB and FDUSD in separate pools. This farming period is a limited-time event, spanning from June 7 to June 10, 2024. The total token supply at genesis stands at 500 million IO, with a maximum supply cap of 800 million IO. Of this, 20 million IO tokens (4% of the total supply at genesis) are allocated as rewards for the Launchpool. The initial circulating supply is set at 95 million IO, which is 19% of the total token supply at genesis. The smart contract for IO.NET is based on the Solana blockchain, known for its speed and efficiency.

The distribution of rewards is heavily weighted towards the BNB pool, with 17 million IO (85% of the total rewards) allocated to it, while the FDUSD pool is set to receive 3 million IO (15% of the total rewards). Over the four-day farming period, a total of 5 million IO will be distributed daily, with the BNB pool receiving 4.25 million IO and the FDUSD pool receiving 750,000 IO each day. Binance will then list IO at 2024-06-11 12:00 (UTC) and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs. The seed tag will be applied to IO.

The potential for IO.NET to revolutionize the way we think about and utilize blockchain technology is immense, and the excitement surrounding its launch is a testament to the innovative spirit that continues to drive the crypto industry forward. IO.NET is well-positioned to capture the attention of the crypto community and establish itself as a key player in the decentralized computing arena. For more detailed information, Binance has promised a research report.

#LAUNCHPOOLTOKEN
#LaunchpoolEvent

Cryptocurrency has become a global phenomenon, and more individuals are exploring ways to accumulate digital assets in as many ways as possible. Whether you are a seasoned crypto enthusiast or a newcomer, here are six effective strategies to earn free cryptocurrency in 2024.
1. Mining
The conventional method of mining, known as proof-of-work, can be quite energy-intensive and requires specific hardware, which may not be feasible for everyone. However, Binance provides avenues for mining crypto tokens via its mining pools. The Binance Pool offers a dependable and lucrative platform for miners. As the crypto mining industry evolves, Binance’s entry into the pool space could have a significant impact. So, if you’re an experienced miner or just beginning, joining a mining pool such as the one offered by Binance could enhance your profits and support the growth of the blockchain ecosystem. It’s important to note that this form of mining isn’t entirely free due to the costs associated with equipment. Nevertheless, there are applications that allow for the mining of new coins at no cost, using just a Telegram account. A prime example of this is the NOT coin.
2. Learning and Earning
Engaging with educational courses related to cryptocurrency and blockchain technology can also yield crypto rewards. Some campaigns on Binance Academy offer crypto tokens as rewards for expanding your crypto knowledge. This approach not only enhances your understanding of the crypto space but also provides valuable tokens. Binance Academy’s Learn and Earn program bridges the gap between knowledge acquisition and crypto rewards. So, if you’re passionate about blockchain and want to earn while learning, there is always a chance to dive into a pool of Binance Academy’s knowledgeable articles.
A lesser-known tip is to watch specific Binance LIVE sessions on Binance Square and participate in quizzes to earn substantial crypto rewards. Additionally, there’s a program on Binance Square called “Write 2 Earn” that encourages all Binance users to post qualified contents containing a minimum of 200 characters. The rewards are substantial!
3. Claiming Airdrops
Airdrops are another lucrative avenue where new or existing projects distribute free tokens as part of their marketing strategy. By registering or following specific instructions, you can acquire tokens with minimal effort. Participating in airdrops is straightforward: simply register or follow the given instructions to accumulate tokens almost without spending money.
On Binance, participating in Megadrop allows you to earn new crypto tokens by lock staking your BNB and completing Web3 quests. All you need to do is lock your BNB in locked staking and complete the designated Web3 quests.
If you're unsure about trusting and hunting airdrops hosted on Decentralized Networks, you can just buy BNB and wait for Megadrop, Launchpad, and Launchpools so that you can farm all new tokens listed on those platforms just by holding BNB in your Binance account.
4. Staking Crypto
Staking involves locking up your tokens to support network operations in return for rewards in the form of additional tokens. This method provides a passive income stream. Researching projects that offer staking opportunities and selecting those that align with your risk tolerance is crucial. Binance also offers various saving and staking options that allow you to earn interest consistently.
5. Social Media Giveaways
Have you ever thought that you could earn free cryptocurrencies, especially stablecoins, just by using social media? Actually, you can! You can earn free crypto rewards by reacting, commenting, and sharing on Binance-affiliated social media platforms. They often run social media campaigns with substantial crypto rewards, and all you need to do is complete the designated tiny tasks.
6. Playing Play-to-Earn (P2E) Games
Blockchain-based Play-to-Earn (P2E) games offer a unique way to earn cryptocurrency while enjoying interactive gameplay. These games combine entertainment with crypto rewards, creating an engaging experience. As you play, you accumulate tokens that can be traded or held as investments.
You can also play WODL games on Binance if you know some fun words about crypto. You can answer these WODL games once a week and accumulate points to redeem later for rewards.
Disclaimer
The information provided in this article is for educational purposes only and does not constitute financial advice. Consult a professional financial advisor before making any investment decisions.
#EarnFreeCrypto2024

peaq, a layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePINs), has announced a significant expansion of its multi-chain Machine IDs, also known as peaq IDs. These self-sovereign identities are designed for a wide range of connected devices, including electric vehicles, smartphones, noise pollution sensors, and smart cameras. The unique identifiers break down communication barriers between blockchain networks, facilitating seamless interaction within the peaq ecosystem and beyond.
This move is part of peaq’s commitment to promoting a multi-chain future that fosters interoperability and collaboration between different blockchain networks, in contrast to the isolated ecosystems seen in the Web2 era. The integration with Binance’s BNB Beacon Chain expands the scope of peaq IDs, allowing them to facilitate cross-chain communication and data exchanges more effectively. This development signifies a significant step forward in the quest for a multi-chain future, where different blockchain networks can collaborate and amplify value for the entire blockchain ecosystem.
peaq has firmly established itself as the leading layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePINs). With over 60,000 devices, including high-profile additions like Tesla vehicles, integrated into the peaq ecosystem, the platform has demonstrated its prowess in enabling real-world applications of blockchain technology. This latest expansion of multi-chain Machine IDs opens up exciting possibilities for projects building on the peaq platform. They can now seamlessly interact with services running on the BNB Beacon Chain, creating a network effect that benefits DePIN architects across multiple ecosystems. The ability to connect and collaborate with devices and services on different blockchain networks is expected to unlock new avenues for innovation and growth. In conclusion, peaq’s multi-chain Machine IDs are self-sovereign identities designed for connected devices that break down communication barriers between blockchain networks. The integration with Binance’s BNB Beacon Chain expands the scope of peaq IDs, allowing them to facilitate cross-chain communication and data exchanges more effectively. This development signifies a significant step forward in the quest for a multi-chain future that fosters interoperability and collaboration between different blockchain networks

The Grayscale Ethereum Trust, launched in 2019, is currently the world's largest Ethereum (ETH) investment vehicle, managing nearly $5 billion in assets, equivalent to 2.5% of all circulating ETH. In October 2020, it voluntarily became an SEC reporting company. Last month, Grayscale applied for a new ETH futures ETF under the Securities Act of 1933, similar to how bitcoin ETFs are registered. Additionally, Grayscale previously filed for an ether futures ETF under the Investment Company Act of 1940. This dual filing approach aligns with the SEC's prior approval of bitcoin futures ETFs under both acts.
In October 2021, Grayscale initiated the process to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF. The company recently achieved a legal victory against the SEC regarding this conversion, and it now awaits the SEC's approval for this change. JPMorgan predicts that the SEC may have no choice but to approve several spot bitcoin ETF applications following Grayscale's successful legal battle.
Grayscale has reaffirmed its commitment to converting all of its trust products into ETFs, indicating a strong focus on offering exchange-traded products to investors in the cryptocurrency space. This move reflects the growing interest in digital assets and the desire for more accessible investment options.

Hong Kong’s over-the-counter (OTC) crypto market has been active, with a trading volume of $64 billion in the last year, which is not too far below China’s $86.4 billion, despite Hong Kong having a much smaller population and the global chill through crypto markets. The value of transactions in both China and Hong Kong has dropped over the last year due to Beijing’s continued strict prohibition on crypto assets and a prolonged downturn in the crypto market. However, Chainalysis argues that the presence of large OTC markets - and their relative stability in the face of both regional and global decline - shows a certain degree of tolerance by Beijing to crypto. Chainalysis also notes that Hong Kong dominates in large institutional crypto transactions compared to other Asian regions. Its data shows that 46.8% of Hong Kong’s annual crypto trades were institutional transactions exceeding $10 million, while retail trades under $10,000 accounted for just 4% of the City’s volume, marginally below the global average of 4.7%. This indicates that Hong Kong’s growing status as a crypto hub may signal that the Chinese government is reversing course on digital assets or at least becoming more open to crypto initiatives.
On the other hand, South Korea leans heavily on retail trading on centralized exchanges, with “professional” traders between $10,000 and $1 million in transaction volume making up 40% of volume. In conclusion, Hong Kong’s OTC market has been active despite the global chill through crypto markets. The presence of large OTC markets shows a certain degree of tolerance by Beijing to crypto. Hong Kong dominates in large institutional crypto transactions compared to other Asian regions. South Korea leans heavily on retail trading on centralized exchanges.

Non-fungible tokens (NFTs) are the latest innovation that many tech-savvy artists have begun incorporating into their careers. NFTs are digital tokens that live on the blockchain and can be bought and sold. They have a musical and a visual component. They can represent ownership of or interests in a musical work, music royalties, revenues, or communities. They are non-fungible, meaning they are unique and cannot be changed or replaced. One artist who has cracked the code to maintaining a successful career as an independent musician is American singer Vérité. She has racked up hundreds of millions of streams without the support of a record label since releasing her first single, “Strange Enough,” in 2014. After finding success and touring internationally, Vérité became one of the earliest musicians to experiment with NFTs in February 2021. Since then, she has built a strong Web3 community and had several successful high-profile drops, including releasing 1/1 NFTs, selling the master rights to her music, fractionalizing song royalties on the blockchain and giving NFTs to concert attendees.Vérité has done all this while still retaining her dedicated non-Web3 fans, many of whom have little to no interest in crypto. She has walked this fine line by being transparent about her motivations for using NFTs and by educating her fans about the technology. She has also made sure that her NFT drops are not just about the technology but also about the music.
In an interview with Magazine, Vérité shared some insights on how she successfully integrated Web3 into her career without alienating her existing fans. She emphasized that it’s important to be authentic and transparent about why you’re using NFTs and how they benefit you as an artist. She also stressed the importance of educating your fans about the technology so that they can understand why it’s important to you. In conclusion, non-fungible tokens (NFTs) are digital tokens that live on the blockchain and can represent ownership of or interests in a musical work, music royalties, revenues, or communities. American singer Vérité is one of the earliest musicians to experiment with NFTs in February 2021. She has built a strong Web3 community and had several successful high-profile drops while still retaining her dedicated non-Web3 fans. To successfully integrate Web3 into their career without alienating their existing fans, artists should be authentic and transparent about why they’re using NFTs and how they benefit them as an artist. They should also educate their fans about the technology so that they can understand why it’s important to them.

OpenAI’s ChatGPT is a popular AI-powered chatbot that can generate written content and has become increasingly popular among students looking for academic support. However, it has also become a potential nemesis for essay ghostwriters who cater to students looking for shortcuts to academic success. Cheating has been a persistent issue in the academic world, with essay ghostwriting services capitalizing on students’ desire for better grades, often at the expense of academic integrity. While the legality of such services varies, they have remained a lucrative business. The pandemic further fueled the demand for contract cheating, with reports of a tenfold increase during lockdowns. Notably, Chegg, a prominent player in the industry, reached a staggering valuation of $12 billion.
Critics argue that the rising costs of education and the uncertainty of securing well-paying jobs after graduation have turned educational institutions into profit-driven businesses. This perspective may drive students to explore alternative means of obtaining degrees. Some in the contract cheating industry contend that while their services are seen as unethical, the education system itself is failing students by making promises it cannot fulfill. In the eyes of essay ghostwriters, ChatGPT poses a substantial threat to their business. Some operators in this industry have reported a decline in demand, attributing it to the availability of ChatGPT. A survey by Study.com found that a significant percentage of college students had turned to ChatGPT for homework and essay writing, indicating its widespread use. However, a more comprehensive study reported lower figures, suggesting that while ChatGPT is gaining traction, its popularity might be leveling off. Despite the rise of AI tools like ChatGPT, some essay ghostwriters remain optimistic about their future prospects. They argue that AI-generated content lacks creativity and originality and cannot replace human writers’ skills. However, as AI technology continues to advance and improve its capabilities, it remains to be seen how long this optimism will last.

Binance, a cryptocurrency exchange, has collaborated with law enforcement agencies to disrupt a criminal group that was conducting a pig butchering crypto scam in Thailand. The operation, which was code-named “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation. The Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and United States Homeland Security Investigations (HSI) worked alongside Binance to take down the crime ring responsible for the scam. Police Lieutenant Colonel Thanatus Kangruambutr, an inspector at the CCIB, expressed appreciation for Binance’s contributions to the investigation. According to the inspector, the rise of crypto scams led to financial damage for residents in Thailand.
The collaboration between Binance and law enforcement agencies is a positive step towards curbing fraudulent activities in the crypto space. It is also a testament to Binance’s commitment to ensuring that its platform is not used for illegal activities. The company has been under investigation by the US Department of Justice since 2018 for alleged money laundering, tax evasion, and US sanctions violations. However, it has never been formally accused of any wrongdoing. It is important to note that while cryptocurrencies have many benefits, they are also vulnerable to fraudulent activities. Therefore, it is crucial that users exercise caution when investing in cryptocurrencies and only use reputable exchanges like Binance. Additionally, law enforcement agencies must continue to work with crypto exchanges to ensure that fraudulent activities are detected and prevented.

Crypto wallet provider Ledger has partnered with art auction house Sotheby’s to offer exclusive benefits to digital art collectors. The partnership will provide buyers of the most valuable digital art at Sotheby’s with a limited-edition Ledger x Sotheby’s Nano X hardware wallet starting in 2024. Additionally, the partnership will soon introduce a special edition of the Ledger Stax. Sotheby’s elite collectors can also enjoy a premium “white-glove concierge onboarding” facilitated by Ledger, which will seamlessly integrate them into the Ledger Academy’s educational resources. Ledger’s chief experience officer Ian Rogers told Decrypt that the partnership aims to introduce the next generation of art collectors to the world of web3. “Our partnership will fully embrace digital art, cementing its value proposition to make sure that digital artwork, same as physical artwork, is meticulously safeguarded and maintained. Education is important to both Sotheby’s and Ledger, and it’s important collectors know how to protect their digital value.”
The move comes amid Ledger’s strategy to become a key player in the digital art world. Last year, the firm began development on an NFT Art collection and set up a fund specifically for aiding artists globally. The partnership between Ledger and Sotheby’s is a significant step towards legitimizing digital art as an asset class. The limited-edition Ledger x Sotheby’s Nano X hardware wallet will provide buyers with a secure way to store their valuable digital assets. The white-glove concierge onboarding service will help educate collectors on how to protect their digital assets and ensure they are safely stored. The introduction of a special edition of the Ledger Stax is another exciting development for collectors. The Stax is a hardware wallet that allows users to store multiple cryptocurrencies in one place. The special edition will likely be designed with collectors in mind, making it an attractive option for those looking to invest in digital art. In conclusion, the partnership between Ledger and Sotheby’s is an exciting development for the world of digital art. It provides collectors with exclusive benefits and helps legitimize digital art as an asset class. With the introduction of new hardware wallets and educational resources, collectors can feel confident that their valuable digital assets are safe and secure.

DALL-E 3, the latest image generation model from OpenAI, was announced on September 20, 2023. While it is not yet available to the public, it is expected to be released in October 2023 for ChatGPT Plus and Enterprise users via the API. However, ten days after its announcement, DALL-E 3 appears to have already been made available to the public through Microsoft’s Image Creator tool as part of its browser-based AI suite. On Saturday morning, digital art creator communities on Reddit and Twitter discovered that significantly improved images and text interpretation capabilities were available through Bing. The upgrade, widely believed to be DALL-E 3, is still not available via the OpenAI website.
DALL-E 3 is a much-anticipated upgrade to the immensely popular DALL-E 2 AI image generator from OpenAI. While ChatGPT, OpenAI’s generative AI chatbot and text-based tool, enjoys a dominant position in its space, DALL-E faces stiff competition from tools like Midjourney and Stable Diffusion. A head-to-head comparison using DALL-E 2 revealed some ways it fell short. In July, AI art enthusiasts were able to experiment with OpenAI’s in-progress upgrades to DALL-E 2. YouTube influencer MattVidPro demonstrated it outperforming its predecessor as well as other image generators. That technology preview lacked the protections put in place by major AI developers to prevent malicious or deceptive uses, allowing MatVidPro to demonstrate a fully uncensored implementation of DALL-E. Late Friday, MattVidPro revealed that a public release of DALL-E 3 was imminent, noting that some users could get early access via Bing Image Creator by logging in and out of their Microsoft accounts, using more obscure web browsers, or clearing their cache. However, it should be noted that this is not an official release channel for DALL-E 3.

The SEC, the US regulator of securities markets, has filed a lawsuit against Prager Metis, an accounting firm that worked with FTX, a crypto exchange that went bankrupt in 2022.
The SEC accused Prager Metis of violating the rules of auditor independence, which require auditors to avoid any conflicts of interest with their clients. The SEC said that Prager Metis did not follow these rules, as it also provided accounting services to its clients while auditing them. This is not allowed under the auditor independence framework.
The SEC said that this problem lasted for almost three years, and affected hundreds of audits, reviews, and exams that Prager Metis conducted for its clients. The SEC stated: “Our complaint alleges that Prager’s audits, reviews, and exams did not meet these basic standards for nearly three years. Our complaint reminds everyone that auditor independence is essential for investor protection.”
The SEC did not name FTX or any other clients in its statement, but it stressed that there were many instances of auditor independence violations in the three-year period. However, a court document from earlier this year revealed that FTX Group hired Metis to audit FTX US and FTX in 2021, before FTX filed for bankruptcy in November 2022.
The document claimed that Metis should have known that FTX would use its audit results to gain public confidence, as FTX's former CEO Sam Bankman-Fried had announced them publicly.
There were also doubts about the accuracy of the audit reports that FTX presented. On Jan. 25, FTX's current CEO John J. Ray III told a bankruptcy court that he was “very worried about the information in these audited financial statements.”
In addition, Senators Elizabeth Warren and Ron Wyden questioned Prager Metis' objectivity. They said that it acted as a supporter of the crypto industry. At the same time, a law firm that served FTX has also faced criticism lately. In a court document from Sept. 21, some plaintiffs said that Fenwick & West should share some responsibility for FTX's failure, because it allegedly went beyond its normal role as a service provider to the exchange.
But Fenwick & West denied this, saying that it was not liable for any wrongdoing by its client, as long as it acted within the scope of its representation.