Gala Games expressed its gratitude to Binance for working with its team and law enforcement to identify the suspects in the recent hack. Gala Games was hacked on May 21 and issued an additional 5 billion GALA. The hackers later returned the stolen assets, which may have exposed.
South Korea's Financial Supervisory Service says 70% of defunct crypto exchanges fail to return user funds.
The country's upcoming Virtual Asset User Protection Act is expected to address this problem by imposing the following on crypto exchanges:
⚫Maintaining transaction records for at least 15 years. ⚫Segregating customer funds and operational funds. ⚫Have at least 80% of customer assets stored in cold wallets.
Binance seeks to dismiss most of the £10bn ($12.8bn) London lawsuit alleging it and other exchanges, including Kraken, colluded to delist Bitcoin Satoshi Vision (BSV). The lawsuit claims the 2019 delisting was anti-competitive, causing BSV's value to drop.
Binance argues those who kept BSV did so voluntarily. BSV Claims wants the case to proceed to trial. Kraken called the lawsuit "baseless." The delisting was partly due to Craig Wright's false claim to be Bitcoin's inventor, Satoshi Nakamoto
Roger Ver, known as "Bitcoin Jesus," has been released on bail in Spain, facing extradition to the US on tax fraud charges. Ver posted $163k bail, must remain in Spain, surrender his passport, and report to court every two days.
The US seeks his extradition for failing to report capital gains or pay taxes on Bitcoin holdings, allegedly avoiding at least $48m in taxes. His lawyer states that Ver has been in contact with US authorities, questioning the need for his arrest.
Over the past 24 hours the price of the Bitcoin has dropped a bit.
The price still broke through the trend line 🕯, which acted as support. It happened with great effort, and we do not see the impulse down.
The fake "head and shoulders" pattern is moving into a sideways movement 📊 There is also a high probability that in time this situation will turn into growth.
Now my mood on the market is moderately bullish, as the price may move sideways for some time 🕯
⚫ Blum, Founded by Top Binance Executives, Surpasses 8 Million Users
In a remarkable achievement, Blum, a project established by top managers from Binance, has crossed the milestone of 8 million users. The platform's innovative features and strong backing have contributed significantly to its rapid growth and widespread adoption.
🟠 MicroStrategy CEO Michael Saylor: Announces 1 000 BTC & 10 000 ETH Giveaway 2024
We believe that BTC & ETH will make the world more fair. To speed up the process of cryptocurrency mass adoption, we decide to run 1 000 #BTC & 10 000 #ETH giveaway for all crypto holders!
Let's consider the 4 hour timeframe of the Tellor chart. Two completely different chart patterns can be formed here.
First of all, a trend continuation pattern - "equilateral triangle" 📈can form on the chart. It can lead to growth. To confirm it, we need a break of resistance in the form of a trendline.
On the other hand, a bearish "flat-bottom triangle" pattern 🐻 can form on the chart. To do this, we need to break the trend support and at least reach the ~$104 mark and consolidate under it.
Thus, the situation on the chart will be resolved in the near future. There may be a good prospect for a trade 🔥