According to BlockBeats, on March 28th, SBF was ordered to seize more than $11 billion in assets, as reported by Bloomberg. #FTXTrial #SBF. https://www.binance.com/en/feed/post/6016392413481?ref=527648310&utm_campaign=app_share_link
Shiba Inu's Burning Rate Increases by Over 1,000% to Boost Value According to CryptoPotato, Shiba Inu's burning rate has increased significantly by over 1,000% as part of efforts to decrease its supply and enhance value. The popular meme coin has witnessed a substantial number of tokens removed from its total circulating supply, with the burn rate soaring by 1,200% in the past 24 hours. This resulted in over 51 million assets being destroyed, representing approximately 30% of all the assets sent to a null address in the last seven days. Shiba Inu has a maximum supply of 999,982,363,413,352 tokens, and the burning mechanism is one way to make the meme coin scarcer and potentially more valuable in time. SHIB's price is up 17% weekly, possibly bolstered by numerous factors such as the advancement of Shibarium. The layer-2 scaling solution, launched in August last year, keeps blasting through important milestones. Earlier this month, total transactions on the network exceeded the 400 million mark, whereas total blocks are just south of 4 million. Shibarium is designed to foster the growth and development of the Shiba Inu ecosystem and elevate the meme coin above its rivals. It aims to reduce transaction fees and improve speed. Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
Breaking News: The Philippines SEC is cracking down on Binance! They're teaming up with the NTC to block the crypto exchange's website and online trading services. But don't panic, investors have 3 months to close their positions. What do you think of this move? Is it a necessary step to protect Filipino investors, or just another regulatory hurdle for Binance? comments! Share your thoughts in the P.S. Did you know Binance & its ex-CEO CZ were fined $2.7B & $150M by a US court in December 2023? CZ even resigned from his leadership role & admitted guilt to civil infractions & a criminal charge related t AML violations. #DeFi #Web3 #Binance #Technology
HSBC Launches Tokenized Gold Product for Everyday Investors in Hong Kong According to CoinDesk, HSBC has introduced a tokenized gold product for everyday investors in Hong Kong, becoming the first bank to create a blockchain-based real-world asset aimed at the retail marketplace. The HSBC Gold Token is minted on the bank's Orion digital assets platform and can be accessed via HSBC Online Banking and HSBC HK Mobile App. Banks and financial institutions are increasingly tokenizing real-world assets (RWA) on blockchains, including private ledgers and public networks like Ethereum. In November last year, HSBC announced plans for a tokenized gold offering as part of its new digital asset custody platform, developed in partnership with Swiss-based crypto safe- keeping specialist Metaco. HSBC Hong Kong's head of wealth and personal banking, Maggie Ng, stated that the HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong based on distributed ledger technology, as authorized by the Securities and Futures Commission. PLEASE Like and follow it encourages me to bring more news to the table #write2earn….
SEC Seeks $1.9 Billion Judgment Against Ripple Labs According to Blockworks, the Securities and Exchange Commission (SEC) has filed its proposed final judgment in its case against Ripple Labs, seeking a $1.9 billion judgment. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty announced the news on X Monday, stating that the company will file its response next month. Alderoty criticized the SEC for trading in false and misleading statements, while Garlinghouse accused the agency of acting outside the law. the judge grants the SEC's motion, Ripple would be required to pay the $1.9 billion within 30 days of the judgment. Additionally, the company would be permanently restrained from conducting unregistered offerings of Institutional Sales. The SEC and Ripple have been engaged in a multi-year legal battle, with the US regulator alleging that Ripple knowingly violated securities laws. Last summer, Judge Analisa Torres issued a summary judgment that dealt a blow to the SEC's initial suit but did not result in a complete win for Ripple. Torres ruled that the institutional sales of Ripple's XRP token could be categorized as unregistered securities transactions, but she also fo that the programmatic sales did not qualify. pls like and follow to get more latest news 👍👍👍 #BTC #xrp
Portugal's CNPD Orders Worldcoin to Halt Biometric Data Collection for 90 Days
According to Foresight News, Portugal's data protection authority, CNPD, has ordered Sam Altman's iris scanning project, Worldcoin, to stop collecting biometric data for 90 days. CNPD stated that citizens' data protection rights are at high risk, and there is reason to take emergency intervention measures to prevent serious harm. CNPD also mentioned that over 300,000 people in Portugal have provided biometric data to Worldcoin. Worldcoin said that the company began transitioning to 'individual custody' in March, which will enable users to control their own data, including deletion and any future use. #xrp #BTC #WorldCoin.