voted yes!!! huge!!!!

ITEM 1: Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition against Undue Influence over Chief Compliance Officers

The Commission will consider whether to adopt rules under the Securities Exchange Act of 1934 (“Exchange Act”) that are designed to prevent fraud, manipulation, and deception in connection with transactions in security-based swaps as well as to prevent the personnel of a security-based swap dealer or major security-based swap participant from taking actions to coerce, mislead, or otherwise interfere with such entity’s chief compliance officer. 

of course hester voted no.. she even admitted she was on the hill in 2010 to stop Dodd Frank.. unbelievable.

about to vote...

ITEM 2: Removal of References to Credit Ratings from Regulation M

The Commission will consider whether to adopt rule amendments to Regulation M under the Exchange Act that remove certain existing rule exceptions that reference credit ratings and substitute in their place new exceptions that are based on alternative standards of creditworthiness.

#SEC #solana #fraud #crypto2023

Credit to Joe Foot for his insight.

I know stuff is scary but remain calm and collected and analyze the facts.

Fact #1: Binance is not FTX. Not even close. FTX had an average daily volume of 3-4B with the ocasional peak of +10B during the bull run. Binance is over 10B and routinely broke +100B during the bull run. Their revenue is at least 5-7x that of FTX yet people pooled them in the same category. Insanity

Fact #2: it took only RUMORS and speculation to trigger a 5% bank run on FTX for them to shut down withdrawals and panic. For contrast Binance had 22% of assets removed a few months ago (from 71B to around 55B) and they didn't panic or even break a sweat. In fact got interviewed the same day and said people could withdraw 100% of their assets from Binance if needed. He is either an epic master bluffer or he sleeps well at night knowing funds are safu.

Fact #3: Binance grew faster than most companies in modern history. Occasionally those companies will move fast and break things and yes, even break the law such as Uber, Facebook, etc. in the case of Binance they grew without major VC and mostly using ICO funds. They have no bank debt or major stakeholders and for that, the system is shocked. Binance was cash flow positive from month 1 they opened operations and people just can't believe it. But in reality the ICO model has a lot of advantages over the traditional funding methods and again the system is shocked.

Fact #4: when regulators go after every major player in an industry, in 9/10 times the problem is not the industry, it's the regulations. There's gonna be a lot of discussion around what the future looks like and you can bet your bottom $$ it won't be as clean cut as people think it will be.

Fact #5: Binance has onboarded at least 25% of all crypto users. Some studies actually say close to 45%. Binance has done much to help the field and CZ never shied away from any criticism. He has only been candid in his interviews even when he was clearly frustrated with whatever FUD was being thrown at him. I've met many people in my life who were leaders. Some were shit, some were the stuff of legend. CZ is not shit and he shows all the telltale signs of a great leader. I'm sure he made mistakes (and he will pay for them most likely in $$$ and stress) but there's nothing here that can take down Binance.

I firmly believe they can withstand this storm of epic proportions and when they do just think how their reputation is gonna skyrocket

#Binance #ftx #crypto2023

What is Bitcoin Pizza Day? Bitcoin Pizza Day is an annual commemoration of the first-ever real-world Bitcoin transaction. It occurs on May 22nd and holds great significance in the Bitcoin's history.

The Story behind Bitcoin Pizza Day The transaction that led to Bitcoin Pizza Day occurred on the Bitcoin Talk forum, a prominent online community for Bitcoin enthusiasts. Laszlo Hanyecz posted a request for someone to order and deliver two pizzas to his address. In exchange, he offered 10,000 BTC, which he had mined using his computer.

At that time, Bitcoin was still in its early stages, and its value was not widely recognized. Nevertheless, Hanyecz's pizza transaction marked an important milestone, showcasing Bitcoin's potential as a real-world currency.

The Significance of Bitcoin Pizza Day Bitcoin Pizza Day is now celebrated by the cryptocurrency community. It serves as a reminder of Bitcoin's early challenges in gaining acceptance and its subsequent growth and diversification. The event prompts reflection on the progress Bitcoin has made and its expanding range of applications beyond mere transactions.

Conclusion In summary, Bitcoin Pizza Day is an annual celebration that commemorates the first real-world Bitcoin transaction. It represents the early days of Bitcoin and the remarkable journey the cryptocurrency has undertaken. Bitcoin Pizza Day inspires individuals who envision the transformative power of cryptocurrencies in the realm of finance and beyond.

Whether you are an avid cryptocurrency enthusiast or simply intrigued by technological history, Bitcoin Pizza Day provides an engaging and captivating occasion to observe. So, mark your calendar for May 22nd and join in celebrating one of the pivotal moments in Bitcoin's history!

#binancepizza #feedfeverchallenge #googleai #Binance #bitcoin

Tron rose for a fourth consecutive session on Monday, pushing the token to an eleven-month high. The move comes despite current sentiment of uncertainty in the cryptocurrency market. Cardano was also higher, snapping a losing streak in the process.

TRON (TRX)

Tron (TRX) rose close to an eleven-month high to start the week, following a recent four-day bull run.

TRX/USD rose to a peak of $0.07841 earlier in the day, which comes a day after trading at a low of $0.07271.

As a result of Monday’s move, TRON climbed to its strongest point since June 10 last year.

TRX/USD – Daily Chart

One of the catalysts of the surge appears to be a breakout which transpired on the relative strength index (RSI).

The index moved beyond the ceiling of 69.00, and as of writing, is tracking at 77.17.

Now in overbought territory, there could be some profit taking, however a target of $0.080 still remains a possibility.

Cardano (ADA)

Whilst TRX has now risen for a fourth day, cardano (ADA) ended a four-session losing streak on Monday.

Following a low of $0.3573 on Sunday, ADA/USD rose by as much as 2% today, hitting a high of $0.3732.

Today’s rebound in price came as bulls seemingly rejected a breakout of a floor at the $0.3570 mark.

ADA/USD – Daily Chart

This came as the RSI also held firm at a key point of support, with price strength moving away from the 40.00 mark.

As of writing, the index is now tracking at 44.29, with a ceiling at 49.00 a possible target for ADA bulls.

If this zone is reached, there is a relatively good chance cardano will be trading above $0.3800.

#feedfeverchallenge #binancepizza #Binance #bitcoin #dyor

Multiple sources have reported that the Dash blockchain came to a standstill at block height 1,874,879 following an attempted upgrade to version 19 by the developers. As of now, data indicates that the most recent block verified on the network was over 16 hours ago.

Dash Network Upgrade Fails, Resulting in Block Production Halt, Cause Is Currently Unknown

On Monday, May 22, 2023, block production came to a halt, prompting Dash Core Group CTO Samuel Westrich to take to Twitter at 1:12 a.m. Eastern (ET) to address the issue. In his tweet, Westrich revealed that the Dash Core upgrade to version 19 had encountered a snag, causing the chain to stall and block production to cease.

“The chain is stalled and currently not producing blocks. We have everyone investigating the issue. I will continue with updates on Twitter as we have more information,” he wrote.

As of 4:30 p.m. (ET) on Monday, block production remains at a standstill. There are also indications that the upgrade may have caused a fork, resulting in two separate chains. For example, the blockchain explorer at dash.org reports that the last block mined was block height 1,874,879, which was mined by Viabtc. However, Blockchair’s explorer shows that block 1,874,880 was mined by Binance’s mining pool, suggesting that the chain may have bifurcated.

News of the block production glitch quickly spread across social media platforms like Twitter. Just days before on May 15, the official Dashpay Twitter account had urged all users of the Dash network to “update their software to accommodate the upcoming hard fork.” Close to five hours ago, the Dash Core developer by the name of Pasta said that the release of version 19.1.0 would address the issues at hand.

“This release should resolve the chain stall once a sufficient number of masternodes and miners have upgraded,” Pasta wrote. “Please be aware of the known issues listed in the release announcement. A reindex may be needed.” The tweet written by Pasta was published at 1:33 p.m. ET on Monday. A Twitter user by the name of Dash Memes responded to Pasta to thank the developers for the new release.

“Thank you for hard work pushing this out. I hope serious effort is put into the post-mortem to evaluate how this came to pass and what can be done to eliminate this risk for ever happening again,” the Twitter user replied. “Dash’s reputation has been seriously damaged today, the fix needs to be structural.”

#feedfeverchallenge #binancepizza #Binance #bitcoin #dyor

Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with 43,301 BTC, valued at $1.16 billion, leaving centralized trading platforms in the past month. A large number of major cryptocurrency exchanges have seen a significant outflow of bitcoin, according to data.

Exchanges Experience Crypto Exodus Despite Steady Market

As of May 21, 2023, centralized crypto exchanges held $57.29 billion worth of bitcoin, equivalent to 10.99% of the leading cryptocurrency’s market capitalization. However, since the collapse of FTX on November 5, 2022, a significant amount of BTC has been withdrawn from exchanges. Prior to this event, Cryptoquant data shows centralized trading platforms held 2.5 million bitcoin. In the past month alone, 43,301 BTC, valued at over $1.16 billion, have left these platforms.

Between April 21, 2023 and May 21, 2023, 43,301 BTC left exchanges.

According to data recorded by coinglass.com, Binance currently holds the largest bitcoin reserve, with a balance of 555,435 on Sunday evening. However, over the past 30 days, the exchange has experienced an outflow of approximately 10,102 BTC. Coinbase comes in second place with 486,630 bitcoin in reserves, and saw a modest increase of around 316 BTC in the past month. Bitfinex, the third largest exchange in terms of BTC holdings, also experienced a slight increase of around 339 BTC during the same period.

It’s worth mentioning that Binance and Bitfinex hold the top two spots for the largest bitcoin wallets, according to BTC’s rich list metrics. The rich list data reveals that the top ten wallet holders control 5.37% of BTC’s supply, with two of them being Binance-controlled wallets. In the past 30 days, Okx has seen 2,842 BTC leave its platform, and Gemini’s bitcoin reserve stash has lost 1,958 BTC. Kraken also experienced an outflow of 823 BTC in the past month.

In addition to bitcoin, Cryptoquant data shows centralized crypto trading platforms have also experienced a significant outflow of ethereum leaving their exchanges over the past month. Just 30 days ago, exchanges held 16.60 million ether, but today that number has decreased to around 16.26 million. This means that approximately 340,000 ether, valued at $613.71 million, has left exchanges in the last month alone. When combined with the outflow of bitcoin, $1.77 billion of the top two digital assets has left these platforms.

#feedfeverchallenge #binancepizza #googleai #BTC #BNB

The US Chamber of Commerce has criticized the Securities and Exchange Commission (SEC) for its "haphazard" approach to regulating the cryptocurrency industry. 

SEC Has Muddied The Waters: USCC

The United States Chamber of Commerce (USCC), representing over three million businesses across the United States, released a statement on Wednesday accusing the SEC of creating confusion and uncertainty in the industry.

According to the statement, the SEC's lack of clear guidelines and inconsistent enforcement actions have hindered innovation and investment in the cryptocurrency space. 

Excerpts from the statement read, 

“As it stands today, nobody knows for certain which digital assets, if any, are 'securities' under federal law…The SEC has deliberately muddied the waters by claiming sweeping authority over digital assets while deploying a haphazard, enforcement-based approach. This regulatory chaos is by design, not happenstance.”

USCC Stands With Coinbase

The Chamber of Commerce urged the SEC to provide clear and consistent regulatory guidance to help businesses navigate the complex and rapidly evolving cryptocurrency landscape.

The statement is part of an amicus brief in the Coinbase vs. SEC legal battle, where the Chamber of Commerce has extended its support to the crypto exchange. The term "amicus brief" is of Latin origin and means "friend of the court," referring to guidance or knowledge shared by external parties who are not directly involved in a particular court case.

USCC Calls Out “Unlawful” SEC Actions

Metaverse attorney James Murphy, who is active on Twitter as MetaLawMan, has pointed out the significance of the Chamber of Commerce standing up for crypto and against the regulatory body, going as far as calling its actions unlawful. Since this organization is much more influential than the Chamber of Digital Commerce, Murphy believes its arguments will have more weight in the court. 

Murphy writes,

“The Chamber makes 3 arguments - (1) Regulatory uncertainty is killing innovation in the U.S. (2) The SEC is destabilizing the digital assets regulatory environment. (3) The SEC is violating Constitutional Due Process and Fair Notice rights.            

SEC’s Anti-Crypto Crackdown

The SEC has been grappling with how to regulate cryptocurrencies for years. While some lawmakers and regulators have called for stricter industry oversight, others have argued that heavy-handed regulation could stifle innovation and hinder the sector's growth.

The Chamber of Commerce's statement comes amid a flurry of regulatory activity in the cryptocurrency space. Back in 2020, the SEC filed a lawsuit against Ripple Labs, alleging that the company had conducted an unregistered securities offering. Ripple has denied the allegations and vowed to fight the lawsuit. 

More recently, the regulatory body has targeted the Bitcoin mining company Marathon Digital over allegations of securities law violation. 

#feedfeverchallenge #BTC #dyor #crypto2023 #eucryptotaxplans

Bitcoin (BTC/USD) remained confined to a relatively tight range early in the Asian session as the pair orbited the 26763.44 area, representing the 23.6% retracement of the recent depreciating range from 29850 to 25810.   Technical demand pushed BTC/USD from the 26351 and 26729.78 levels during the improving retracement, recent downside price objectives related to selling pressure that intensified around the 28334.75 area.  Additional related recent downside price objectives include the 27108, 27577, and 27647 areas.  Stops were recently elected below the 27145, 27108, 26765, 26729, 26380, 26309, and 26203 levels during the depreciation, downside price objectives related to recent selling pressure around the 30500, 30050, 29850, 28334, and 27647 levels.  Related downside price objectives include the 25474, 25442, 25124, 24705, 24440, 23208, and 22769 levels.  Following recent price activity, areas of technical resistance and potential selling pressure include the 27293, 28011, 28591, 29171, 29889, and 29997 levels.

Upside retracement levels in recent depreciating ranges include the 28428, 28564, 28700, 28741, 28868, 29243, and 29299 areas.  Above the market, upside price objectives related to recent buying pressure around the 27194.51 and 28161.74 areas include the 30420.74, 31237.11, and 32556.73 levels.  Additional downside price objectives related to recent depreciating ranges and levels include the 26085, 25604, and 24103 levels.  Additional upside price objectives include the 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels.   Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 27762.79 and the 50-bar MA (Hourly) at 26668.19.

Technical Support is expected around 25604.51/ 24440.41/ 22769.39 with Stops expected below.

Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

Crypto trading bots are software programs designed to execute buy and sell orders for cryptocurrencies at optimal times. Binance plans to release various functions to users by June 2023 as part of the implementation.

Automated crypto trading is a method of trading cryptocurrencies using software programs or bots that automatically execute buy and sell orders based on predefined rules and algorithms. This approach eliminates the need for manual intervention, allowing traders to streamline their trading strategies and capitalize on market opportunities 24/7.

The primary goal of automated crypto trading is to maximize profits while minimizing risks. To achieve this, traders develop strategies based on technical indicators, price patterns, and other market data. These strategies are then programmed into trading bots, which execute orders on behalf of the trader.

Trading bots can be customized to follow various trading strategies, such as arbitrage, market making, trend following, and mean reversion.

In the case of Binance's new trading automation scheme, new spot and futures grids will be created. Users will have the option to run futures grids through their Trading Bots account while trading on the same symbol through their futures account simultaneously. Additionally, users will earn hourly trading fee savings for the Trading Bots account when utilizing their BNB balances.

The announcement of this new trading feature has increased on-chain activity for BNB Chain, with daily active users rebounding to a 5-week high over the 24 hours since its implementation. However, the chain's liquidity has continued to decline, with the total value locked (TVL) on the BNB Chain falling by over 3% to roughly $5.22 billion.

Recently, Binance announced its exit from the Canadian crypto market, citing unfavorable regulatory frameworks from the country.

#feedfeverchallenge #crypto2023 #BTC #eucryptotaxplans #dyor

Digital asset firm Bakkt has delisted 25 out of the 36 tokens on its recently acquired Apex Crypto platform. The decision was presumably made in compliance with regulatory guidance, and the delisted tokens mainly belong to popular decentralized finance (DeFi) and nonfungible token (NFT) ecosystems.

The announcement comes after the digital asset firm's finalized acquisition of Apex Crypto in April, with negotiations that began in November 2022. Another influence to the decision is a perceived shift on Bakkt's overall strategy from crypto retail towards business-to-business (B2B) services.

A Bakkt spokesperson claims that the delisting decision was made in the interest of consumer and client protection, based on the firm's regular, internal review of listed coins.

Among the tokens delisted are Aave (AAVE), ApeCoin (APE), Avalanche (AVAX), Bancor Network Token (BNT), Basic Attention Token (BAT), Chainlink (LINK), Chiliz (CHZ), Compound Token (COMP), Cosmos (ATOM), Curve DAO (CRV), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Internet Computer (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Tezos (XTZ), Uniswap (UNI), and Yearn Finance (YFI).

Bakkt's acquisition of Apex Crypto, an unprofitable platform, cost the company $55 million in cash and $145 million in stock. Apex Crypto is a "turnkey" service that provides execution, clearing, custody, cost basis, and tax services to 5 million customers through 30 financial technology partners.

Bakkt secured a broker-dealer license from Bumped Financial earlier in February this year, which it disclosed in a financial statement. The license was part of Bakkt's strategy to expand its presence in the fintech market, catering to a growing clientele. However, Bakkt's focus shifted when it decided to shut down its retail-oriented app in March, concentrating instead on business-to-business (B2B) operations. Bakkt now aims to provide crypto and loyalty solutions to businesses through Software-as-a-Service (SaaS) and API solutions.

Intercontinental Exchange, the majority owner of Bakkt, also owns the New York Stock Exchange. Bakkt's stock experienced a 7% decline on May 12, the day of the announcement. However, it is also down by 40% over the last six months, although it is up 3.45% on a year-to-date basis.

#feedfeverchallenge #BTC #crypto2023 #dyor #eucryptotaxplans