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WHAT IS #BINANCE ? ... Binance is one of the world's largest cryptocurrency exchanges, offering a platform for trading various #cryptocurrencies. It was founded in 2017 and has since become known for its wide range of available cryptocurrencies, user-friendly interface, and various trading features like spot trading, futures trading, and more.
WHAT IS #BINANCE ?
...
Binance is one of the world's largest cryptocurrency exchanges, offering a platform for trading various #cryptocurrencies. It was founded in 2017 and has since become known for its wide range of available cryptocurrencies, user-friendly interface, and various trading features like spot trading, futures trading, and more.
🚨Top 10 Promising Crypto Assets for Investment💥 1. Floki - Expected price after the bull run: $0.00425 - With strong community support and a dedicated team, Floki has the potential to surpass $0.005. 2. BNB - Expected price after the bull run: $3,729.00 - BNB provides frequent opportunities to access new cryptocurrencies through initiatives like Launchpools. 3. REEF - Expected price after the bull run: $0.122 - Reef Finance offers a user-friendly DeFi experience by integrating the best features from various DeFi networks. 4. ARKM - Expected price after the bull run: $84.46 - Arkham Intelligence leverages AI for processing on-chain data. Its token, ARKM, facilitates data trading on the Intel Exchange. 5. SEI - Expected price after the bull run: $43.59 - SEI is a specialized Layer-1 blockchain designed for trading, optimizing each layer of the stack to provide infrastructure for all trading applications. 6. ALT - Expected price after the bull run: $39.78 - Altlayer is an open and decentralized protocol for rollups, offering security and interoperability. 7. PIXEL - Expected price after the bull run: $118.95 - Pixel is an immersive Web3 game on the Ronin network, featuring NFT minting and guild participation. 8. AEVO - Expected price after the bull run: $245.89 - Aevo is a decentralized derivatives exchange specializing in options and perpetual contracts. 9. PORTAL - Expected price after the bull run: $298.49 - Portal is a self-hosted Layer-2 wallet and exchange facilitating fast, secure, and private atom swaps between Bitcoin and other digital assets. 10. CYBER - Expected price after the bull run: $3,714.67 - CyberConnect is a Web3 social network empowering developers to build social applications. Its token, CYBER, is utilized for governance and payments. #cryptocurrencies. #CryptoEducation💡🚀 n💡🚀 #HotTrends Trends #BTC $BTC $SOL
🚨Top 10 Promising Crypto Assets for Investment💥
1. Floki
- Expected price after the bull run: $0.00425
- With strong community support and a dedicated team, Floki has the potential to surpass $0.005.
2. BNB
- Expected price after the bull run: $3,729.00
- BNB provides frequent opportunities to access new cryptocurrencies through initiatives like Launchpools.
3. REEF
- Expected price after the bull run: $0.122
- Reef Finance offers a user-friendly DeFi experience by integrating the best features from various DeFi networks.
4. ARKM
- Expected price after the bull run: $84.46
- Arkham Intelligence leverages AI for processing on-chain data. Its token, ARKM, facilitates data trading on the Intel Exchange.
5. SEI
- Expected price after the bull run: $43.59
- SEI is a specialized Layer-1 blockchain designed for trading, optimizing each layer of the stack to provide infrastructure for all trading applications.
6. ALT
- Expected price after the bull run: $39.78
- Altlayer is an open and decentralized protocol for rollups, offering security and interoperability.
7. PIXEL
- Expected price after the bull run: $118.95
- Pixel is an immersive Web3 game on the Ronin network, featuring NFT minting and guild participation.
8. AEVO
- Expected price after the bull run: $245.89
- Aevo is a decentralized derivatives exchange specializing in options and perpetual contracts.
9. PORTAL
- Expected price after the bull run: $298.49
- Portal is a self-hosted Layer-2 wallet and exchange facilitating fast, secure, and private atom swaps between Bitcoin and other digital assets.
10. CYBER
- Expected price after the bull run: $3,714.67
- CyberConnect is a Web3 social network empowering developers to build social applications. Its token, CYBER, is utilized for governance and payments.
#cryptocurrencies. #CryptoEducation💡🚀 n💡🚀 #HotTrends Trends #BTC
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#HotTrends #sol #DOGE #WIF #BTC
Crypto Currencies💵 expensive and popular🤖 #write2Earn #cryptocurrencies. $BTC $ETH $BNB 2016 - You missed $ETH 👀 2.2017 - You missed $ADA 🚨 3.2018 - You missed $BNB ✅ 4.2019 - You missed $LINK 🔥 5.2020 - You missed $DOT 🚀 6.2021 - You missed $SHIB 😱 7.2022 - You missed $MEE 💡 8. 2023- You missed $Near 🐦‍🔥 9. In 2024, don’t miss ______🤔👇🏼 ❤️‍🔥Tell me in comments guys❤️‍🔥

Crypto Currencies💵 expensive and popular🤖

#write2Earn #cryptocurrencies. $BTC $ETH $BNB
2016 - You missed $ETH 👀

2.2017 - You missed $ADA 🚨

3.2018 - You missed $BNB

4.2019 - You missed $LINK 🔥

5.2020 - You missed $DOT 🚀

6.2021 - You missed $SHIB 😱

7.2022 - You missed $MEE 💡

8. 2023- You missed $Near 🐦‍🔥

9. In 2024, don’t miss ______🤔👇🏼
❤️‍🔥Tell me in comments guys❤️‍🔥
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As of my last knowledge update in January 2022, I cannot provide real-time information. However, I can give you a general overview of the cryptocurrency market based on trends up until that point. Overview: The cryptocurrency market has been characterised by ongoing growth, increased institutional interest, and evolving regulatory developments. Bitcoin ($BTC), as the first and most well-known cryptocurrency, continued to be a major influence on the market. Market Capitalisation: The total market capitalizations of all cryptocurrencies combined reached significant highs, reflecting the growing interest in the space. Various altcoins (alternative cryptocurrencies to Bitcoin) experienced periods of rapid growth, contributing to the overall expansion of the market. Institutional Adoption: Institutions and mainstream companies showed increased interest in and acceptance of cryptocurrencies. This was evident in the form of institutional investments, #blockchain technology adoption, and the introduction of cryptocurrency-related financial products. DeFi (Decentralized Finance): Decentralized Finance, or #DeFi, gained prominence as a growing sector within the cryptocurrency space. DeFi platforms offered various financial services traditionally provided by banks but in a decentralized and often automated manner. #NFTs (Non-Fungible Tokens): Non-Fungible Tokens (NFTs) became a major trend, with digital art, collectibles, and other unique assets being #tokenized on blockchain platforms. This trend brought attention to the potential of blockchain technology beyond traditional cryptocurrencies. Regulatory Developments: Regulatory scrutiny increased globally, with various countries taking different approaches to regulate or integrate #cryptocurrencies. into their financial systems. This regulatory landscape continued to evolve, impacting the market and influencing investor sentiment. Environmental Concerns: The environmental impact of cryptocurrency mining, particularly for Proof-of-Work-based cryptocurrencies like #Bitcoin, became a subject of increased scrutiny.
As of my last knowledge update in January 2022, I cannot provide real-time information. However, I can give you a general overview of the cryptocurrency market based on trends up until that point.
Overview:
The cryptocurrency market has been characterised by ongoing growth, increased institutional interest, and evolving regulatory developments. Bitcoin ($BTC ), as the first and most well-known cryptocurrency, continued to be a major influence on the market.
Market Capitalisation:
The total market capitalizations of all cryptocurrencies combined reached significant highs, reflecting the growing interest in the space. Various altcoins (alternative cryptocurrencies to Bitcoin) experienced periods of rapid growth, contributing to the overall expansion of the market.
Institutional Adoption:
Institutions and mainstream companies showed increased interest in and acceptance of cryptocurrencies. This was evident in the form of institutional investments, #blockchain technology adoption, and the introduction of cryptocurrency-related financial products.
DeFi (Decentralized Finance):
Decentralized Finance, or #DeFi, gained prominence as a growing sector within the cryptocurrency space. DeFi platforms offered various financial services traditionally provided by banks but in a decentralized and often automated manner.
#NFTs (Non-Fungible Tokens):
Non-Fungible Tokens (NFTs) became a major trend, with digital art, collectibles, and other unique assets being #tokenized on blockchain platforms. This trend brought attention to the potential of blockchain technology beyond traditional cryptocurrencies.
Regulatory Developments:
Regulatory scrutiny increased globally, with various countries taking different approaches to regulate or integrate #cryptocurrencies. into their financial systems. This regulatory landscape continued to evolve, impacting the market and influencing investor sentiment.
Environmental Concerns:
The environmental impact of cryptocurrency mining, particularly for Proof-of-Work-based cryptocurrencies like #Bitcoin, became a subject of increased scrutiny.
In a much-awaited turn of events, the recent selloff that gripped the cryptocurrency markets might bThis news comes as a glimmer of hope for #crypto enthusiasts who have been closely watching the market's roller-coaster ride. The report suggests that the worst of the selloff might be behind us, with the wave of long-position liquidations largely subsiding. This potential shift in sentiment aligns with the broader market's movement, indicating that a period of stabilization could be on the horizon. This emerging outlook holds promising implications for the crypto market, raising the possibility of a bullish resurgence. While market fluctuations are par for the course in the crypto realm, an upswing could be on the horizon, guided by renewed investor interest and the growing adoption of digital assets. The JPMorgan report serves as an eye-opener, reminding us of the inherent volatility and unpredictability of the crypto space. It's crucial to approach these developments with a balanced perspective, considering both the short-term fluctuations and the long-term potential of #cryptocurrencies. As market sentiment remains fluid, investors and traders alike are encouraged to stay informed, conduct thorough research, and carefully weigh their decisions. The crypto market's ability to rebound from challenges has been demonstrated time and again, and this recent report offers a glimmer of optimism for a potential turnaround. While the journey towards a bullish trend might still face hurdles, the report's insights remind us of the resilience and transformative power of the cryptocurrency landscape. As the markets continue to evolve, being adaptable and well-informed will be key to navigating the ever-changing crypto terrain. #crypto2023 #pepe #BTC

In a much-awaited turn of events, the recent selloff that gripped the cryptocurrency markets might b

This news comes as a glimmer of hope for #crypto enthusiasts who have been closely watching the market's roller-coaster ride.

The report suggests that the worst of the selloff might be behind us, with the wave of long-position liquidations largely subsiding. This potential shift in sentiment aligns with the broader market's movement, indicating that a period of stabilization could be on the horizon.

This emerging outlook holds promising implications for the crypto market, raising the possibility of a bullish resurgence. While market fluctuations are par for the course in the crypto realm, an upswing could be on the horizon, guided by renewed investor interest and the growing adoption of digital assets.

The JPMorgan report serves as an eye-opener, reminding us of the inherent volatility and unpredictability of the crypto space. It's crucial to approach these developments with a balanced perspective, considering both the short-term fluctuations and the long-term potential of #cryptocurrencies.

As market sentiment remains fluid, investors and traders alike are encouraged to stay informed, conduct thorough research, and carefully weigh their decisions. The crypto market's ability to rebound from challenges has been demonstrated time and again, and this recent report offers a glimmer of optimism for a potential turnaround.

While the journey towards a bullish trend might still face hurdles, the report's insights remind us of the resilience and transformative power of the cryptocurrency landscape. As the markets continue to evolve, being adaptable and well-informed will be key to navigating the ever-changing crypto terrain.

#crypto2023

#pepe

#BTC
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#BTC #cryptocurrencies. Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm that’s pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable. $BTC
#BTC #cryptocurrencies.

Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm that’s pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.

$BTC
👉👉👉 South Korea Regulator Holds Firm Stance Against Crypto #ETFs Approval Crypto remains a high-risk asset class, and this article is provided for informational purposes only, not constituting investment advice. Users of this website agree to abide by the terms & conditions, acknowledging the use of affiliate links with potential commissions. While the United States has recently granted approval for Bitcoin exchange-traded funds (ETFs) after a decade-long wait, South Korea remains steadfast in its ban on BTC ETFs. The Financial Services Commission (FSC) of South Korea categorically stated that the launch of virtual currency ETFs is deemed "impossible," with no foreseeable changes. Currently, the country has imposed a ban on banks & financial institutions from acquiring and holding #cryptocurrencies. The FSC expressed concerns about the "illegal outflow of domestic funds overseas due to credit card payments on foreign crypto exchanges." The ban aligns with efforts to "stabilize" the financial markets, as stated by an FSC official in response to a recent investigation revealing substantial #CryptoTrading activities among South Korea's lawmakers. Referring to countries like the United States, Hong Kong, and Germany that have already introduced crypto futures ETFs or spot ETFs, the FSC official emphasized the legal impossibility of launching a virtual asset ETF. The Capital Markets Act in the country's Article 4 explicitly designates financial #Investment products, currencies, and general products as eligible underlying assets for ETFs. In contrast, the US Securities and Exchange Commission (#SEC ) recently granted approval for the listing and trading of several spot Bitcoin ETFs, expanding access to cryptocurrencies for a broader investor base. The South Korean FSC official acknowledged this development but highlighted that the US financial sector remained resilient during the crypto industry's downturn due to its prohibition on banks & financial institutions from investing in virtual assets, a policy similarly upheld in Korea. Source - cryptonews.com
👉👉👉 South Korea Regulator Holds Firm Stance Against Crypto #ETFs Approval

Crypto remains a high-risk asset class, and this article is provided for informational purposes only, not constituting investment advice. Users of this website agree to abide by the terms & conditions, acknowledging the use of affiliate links with potential commissions.

While the United States has recently granted approval for Bitcoin exchange-traded funds (ETFs) after a decade-long wait, South Korea remains steadfast in its ban on BTC ETFs. The Financial Services Commission (FSC) of South Korea categorically stated that the launch of virtual currency ETFs is deemed "impossible," with no foreseeable changes.

Currently, the country has imposed a ban on banks & financial institutions from acquiring and holding #cryptocurrencies. The FSC expressed concerns about the "illegal outflow of domestic funds overseas due to credit card payments on foreign crypto exchanges."

The ban aligns with efforts to "stabilize" the financial markets, as stated by an FSC official in response to a recent investigation revealing substantial #CryptoTrading activities among South Korea's lawmakers.

Referring to countries like the United States, Hong Kong, and Germany that have already introduced crypto futures ETFs or spot ETFs, the FSC official emphasized the legal impossibility of launching a virtual asset ETF. The Capital Markets Act in the country's Article 4 explicitly designates financial #Investment products, currencies, and general products as eligible underlying assets for ETFs.

In contrast, the US Securities and Exchange Commission (#SEC ) recently granted approval for the listing and trading of several spot Bitcoin ETFs, expanding access to cryptocurrencies for a broader investor base. The South Korean FSC official acknowledged this development but highlighted that the US financial sector remained resilient during the crypto industry's downturn due to its prohibition on banks & financial institutions from investing in virtual assets, a policy similarly upheld in Korea.

Source - cryptonews.com
The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using #cryptocurrencies. On Feb. 7, 2023, law enforcement arrested an individual who had been mailing packages of cash on behalf of the unnamed co-conspirator from a post office in Westchester County, New York. The arrested individual would later become a confidential source and for the next eight months cooperate with law enforcement in approximately 80 controlled pick-ups of cash totaling approximately $15 million. The filing has photographic and video surveillance evidence of the accused in the act alleging that the defendants are not registered and do not have a licensed money-transmitting business, which is required in New York.
The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using #cryptocurrencies.

On Feb. 7, 2023, law enforcement arrested an individual who had been mailing packages of cash on behalf of the unnamed co-conspirator from a post office in Westchester County, New York. The arrested individual would later become a confidential source and for the next eight months cooperate with law enforcement in approximately 80 controlled pick-ups of cash totaling approximately $15 million.

The filing has photographic and video surveillance evidence of the accused in the act alleging that the defendants are not registered and do not have a licensed money-transmitting business, which is required in New York.
Navigating the Path to Cryptocurrency Wealth: The Best Strategies to Enter the Crypto Universe READ TO KNOW MOREAre you ready to embark on a journey into the lucrative world of cryptocurrencies? Here are some proven strategies to help you navigate the path to financial success through cryptocurrencies:1. **Education is Key:** - Start by educating yourself about the fundamentals of blockchain technology and the cryptocurrency market. - Understand how different cryptocurrencies work, their use cases, and the potential risks and rewards associated with each.2. **Diversification:** - Diversify your cryptocurrency portfolio to mitigate risk and maximize potential returns. - Invest in a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as promising altcoins with strong fundamentals and innovative technology.3. **Long-Term Perspective:** - Take a long-term perspective when investing in cryptocurrencies. - Instead of trying to time the market, focus on accumulating assets that have strong fundamentals and long-term growth potential.4. **Stay Informed:** - Stay up-to-date with the latest news and developments in the cryptocurrency space. - Follow reputable sources of information, join online communities, and engage with other crypto enthusiasts to stay informed and make well-informed investment decisions.5. **Risk Management:** - Manage your risk by only investing what you can afford to lose. - Use risk management techniques such as setting stop-loss orders and diversifying your portfolio to protect your capital and minimize potential losses.6. **Seek Professional Advice:** - Consider seeking advice from financial professionals or experienced investors who have knowledge and expertise in the cryptocurrency market. - Consulting with experts can help you gain valuable insights and make more informed investment decisions.7. **Stay Patient and Disciplined:** - Cryptocurrency markets can be highly volatile, so it's essential to stay patient and disciplined during periods of price fluctuations. - Avoid making impulsive decisions based on short-term market movements, and stick to your investment strategy with conviction.By following these strategies and staying committed to your goals, you can position yourself for success in the ever-evolving and dynamic cryptocurrency universe. Remember, patience, education, and diligence are key to unlocking the wealth-building potential of cryptocurrencies.$BTC $SOL $XRP #TrendingTopic #cryptocurrencies. #CryptoTradingWin

Navigating the Path to Cryptocurrency Wealth: The Best Strategies to Enter the Crypto Universe

READ TO KNOW MOREAre you ready to embark on a journey into the lucrative world of cryptocurrencies? Here are some proven strategies to help you navigate the path to financial success through cryptocurrencies:1. **Education is Key:** - Start by educating yourself about the fundamentals of blockchain technology and the cryptocurrency market. - Understand how different cryptocurrencies work, their use cases, and the potential risks and rewards associated with each.2. **Diversification:** - Diversify your cryptocurrency portfolio to mitigate risk and maximize potential returns. - Invest in a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as promising altcoins with strong fundamentals and innovative technology.3. **Long-Term Perspective:** - Take a long-term perspective when investing in cryptocurrencies. - Instead of trying to time the market, focus on accumulating assets that have strong fundamentals and long-term growth potential.4. **Stay Informed:** - Stay up-to-date with the latest news and developments in the cryptocurrency space. - Follow reputable sources of information, join online communities, and engage with other crypto enthusiasts to stay informed and make well-informed investment decisions.5. **Risk Management:** - Manage your risk by only investing what you can afford to lose. - Use risk management techniques such as setting stop-loss orders and diversifying your portfolio to protect your capital and minimize potential losses.6. **Seek Professional Advice:** - Consider seeking advice from financial professionals or experienced investors who have knowledge and expertise in the cryptocurrency market. - Consulting with experts can help you gain valuable insights and make more informed investment decisions.7. **Stay Patient and Disciplined:** - Cryptocurrency markets can be highly volatile, so it's essential to stay patient and disciplined during periods of price fluctuations. - Avoid making impulsive decisions based on short-term market movements, and stick to your investment strategy with conviction.By following these strategies and staying committed to your goals, you can position yourself for success in the ever-evolving and dynamic cryptocurrency universe. Remember, patience, education, and diligence are key to unlocking the wealth-building potential of cryptocurrencies.$BTC $SOL $XRP #TrendingTopic #cryptocurrencies. #CryptoTradingWin
Indian govt pushes central bank digital currency amid crypto concernsThe #government and financial regulators are considering imposing higher restrictions, including a complete ban on private #cryptocurrencies. The government will promote a central bank digital currency (CBDC) as an innovative and cost-effective payment solution but it may not put to rest the Reserve Bank of India’s concerns regarding private cryptocurrency, such as risks to macroeconomic stability, by allowing any private crypto asset as a legal tender, two officials said. A synthesis paper of the International Monetary Fund and Financial Stability Board highlighted these risks to the G20 nations in September and proposed a minimum threshold for regulation, they said, requesting anonymity. “The paper doesn’t stop any country from imposing higher restrictions, as stringent as a complete ban,” one of them said. “The government and financial sector regulators, including the Reserve Bank, are seized with the matter.” Compared to a cryptocurrency, a CBDC is more eco-friendly as energy requirement of a digital currency depends on its underlying technological stack, the other person said. “CBDCs could be based on algorithm-driven processes as against energy-intensive mining of #crypto assets,” he said. Underscoring the adverse impact of a cryptocurrency on the environment, he said that people mine to create a private cryptocurrency, but no such process is required for CBDC. Either a sovereign or a central bank can issue CBDCs by converting the bank’s existing balances to CBDC balances, he added. The Reserve Bank has launched a digital rupee that would revolutionise the financial technology sector by creating new opportunities and lessening the burn in handling, printing and logistics management of cash. This is one more instrument to catalyse India’s fast emerging digital economy, he said. A cryptocurrency is neither a commodity nor has any claim on commodities as they have no intrinsic value. “They are designed to bypass the established and regulated intermediation and control arrangements crucial for ensuring integrity and stability of monetary and financial ecosystem,” the first official said. “Both #innovation and benefits of virtual money is provided by CBDCs, while ensuring consumer protection and avoiding any threat to social and economic consequences of private virtual currencies,” he said. Due to its inherently cryptic nature, crypto assets are being used for terror funding, money laundering and tax evasion. Central bank governor Shaktikanta Das recently said a #cryptocurrency is a “serious threat to financial stability” for all countries, especially for emerging economies, which was recognised in the synthesis paper as well. “Everybody understands and agrees that there are serious risks, and that risk has to be looked at and managed very carefully,” Das said at an event on October 31. The issue of cryptocurrency has to be dealt with properly, he said. “I have only one question to believers of regulation to ask, how will you regulate it? Whom will you regulate and regulate what? Before you think of regulating it, let us first understand what is this cryptocurrency. Is it a financial product? Is it an asset? If it is an asset, what is the underlying? It is not a tangible thing. What is the definition of cryptocurrency? Till now, I have yet to see a credible definition of what a cryptocurrency is,” he said. “I have yet to come across what you call any sort of credible explanation of the larger purpose that cryptocurrencies serve. The third point which comes to my mind, and which is very important, what cryptocurrencies will do for international transactions or domestic transactions, whatever you call it in the digital mode, which CBDCs cannot do. The fourth and final point is the basic question. It is a kind of a new currency system developing,” he said. “Are governments and central banks across the world comfortable with private currency vis-à-vis a fiat currency, a currency issued by a central bank on behalf of the sovereign? These are the four fundamental issues which need to be first understood before we talk of any kind of regulation, and these are very well recognised by the IMF-FSB Synthesis Paper,” he added. The leadership of the G20 has welcomed the synthesis paper because it is a good beginning to understand what the risks are and possible ways to deal with them. “We are not trying to stifle innovation. All innovation, which is in the overall public interest, must be supported and promoted. We are not against innovation, but innovation should serve a public purpose,” Das said.

Indian govt pushes central bank digital currency amid crypto concerns

The #government and financial regulators are considering imposing higher restrictions, including a complete ban on private #cryptocurrencies.
The government will promote a central bank digital currency (CBDC) as an innovative and cost-effective payment solution but it may not put to rest the Reserve Bank of India’s concerns regarding private cryptocurrency, such as risks to macroeconomic stability, by allowing any private crypto asset as a legal tender, two officials said.
A synthesis paper of the International Monetary Fund and Financial Stability Board highlighted these risks to the G20 nations in September and proposed a minimum threshold for regulation, they said, requesting anonymity.
“The paper doesn’t stop any country from imposing higher restrictions, as stringent as a complete ban,” one of them said. “The government and financial sector regulators, including the Reserve Bank, are seized with the matter.”
Compared to a cryptocurrency, a CBDC is more eco-friendly as energy requirement of a digital currency depends on its underlying technological stack, the other person said. “CBDCs could be based on algorithm-driven processes as against energy-intensive mining of #crypto assets,” he said.
Underscoring the adverse impact of a cryptocurrency on the environment, he said that people mine to create a private cryptocurrency, but no such process is required for CBDC. Either a sovereign or a central bank can issue CBDCs by converting the bank’s existing balances to CBDC balances, he added.
The Reserve Bank has launched a digital rupee that would revolutionise the financial technology sector by creating new opportunities and lessening the burn in handling, printing and logistics management of cash. This is one more instrument to catalyse India’s fast emerging digital economy, he said.
A cryptocurrency is neither a commodity nor has any claim on commodities as they have no intrinsic value. “They are designed to bypass the established and regulated intermediation and control arrangements crucial for ensuring integrity and stability of monetary and financial ecosystem,” the first official said.
“Both #innovation and benefits of virtual money is provided by CBDCs, while ensuring consumer protection and avoiding any threat to social and economic consequences of private virtual currencies,” he said. Due to its inherently cryptic nature, crypto assets are being used for terror funding, money laundering and tax evasion.
Central bank governor Shaktikanta Das recently said a #cryptocurrency is a “serious threat to financial stability” for all countries, especially for emerging economies, which was recognised in the synthesis paper as well.
“Everybody understands and agrees that there are serious risks, and that risk has to be looked at and managed very carefully,” Das said at an event on October 31.
The issue of cryptocurrency has to be dealt with properly, he said. “I have only one question to believers of regulation to ask, how will you regulate it? Whom will you regulate and regulate what? Before you think of regulating it, let us first understand what is this cryptocurrency. Is it a financial product? Is it an asset? If it is an asset, what is the underlying? It is not a tangible thing. What is the definition of cryptocurrency? Till now, I have yet to see a credible definition of what a cryptocurrency is,” he said.
“I have yet to come across what you call any sort of credible explanation of the larger purpose that cryptocurrencies serve. The third point which comes to my mind, and which is very important, what cryptocurrencies will do for international transactions or domestic transactions, whatever you call it in the digital mode, which CBDCs cannot do. The fourth and final point is the basic question. It is a kind of a new currency system developing,” he said.
“Are governments and central banks across the world comfortable with private currency vis-à-vis a fiat currency, a currency issued by a central bank on behalf of the sovereign? These are the four fundamental issues which need to be first understood before we talk of any kind of regulation, and these are very well recognised by the IMF-FSB Synthesis Paper,” he added.
The leadership of the G20 has welcomed the synthesis paper because it is a good beginning to understand what the risks are and possible ways to deal with them. “We are not trying to stifle innovation. All innovation, which is in the overall public interest, must be supported and promoted. We are not against innovation, but innovation should serve a public purpose,” Das said.
What is Blockchain Technology and How does it work?Blockchain technology is a distributed ledger system that allows secure and transparent transactions without the need for intermediaries. The technology gained widespread recognition with the creation of Bitcoin, the first decentralized cryptocurrency. Since then, blockchain technology has evolved beyond just cryptocurrencies and has been used in various industries such as finance, healthcare, and supply chain management. In this article, we'll take a closer look at what blockchain technology is, how it works, and its potential applications. What is Blockchain Technology? At its core, a blockchain is a #decentralized database that is shared across a network of computers. It records transactions in a way that is secure, transparent, and tamper-proof. Every transaction on the blockchain is verified by a network of computers, and once it is validated, it cannot be changed. This makes the blockchain an immutable ledger, providing a level of trust and transparency that is not possible with traditional centralized databases. How does Blockchain Technology Work? A #blockchain consists of a series of blocks that are linked together. Each block contains a set of transactions, and once a block is added to the chain, it cannot be altered. The process of adding a block to the chain is called mining, which is done by a network of computers that compete to solve a complex mathematical problem. Once a miner solves the problem, the new block is added to the chain, and the miner is rewarded with cryptocurrency. Each block in the blockchain contains a unique code called a hash. The hash is a digital fingerprint that represents the contents of the block. If someone tries to change the contents of a block, the hash will no longer match, and the block will be rejected by the network. This makes it virtually impossible to tamper with the blockchain. Blockchain technology uses a consensus mechanism to ensure that all transactions are validated by the network. There are several consensus mechanisms, including Proof-of-Work (PoW) and Proof-of-Stake (PoS). PoW is the most commonly used consensus mechanism in blockchain networks and is used by Bitcoin and other cryptocurrencies. PoS is an alternative consensus mechanism that uses a different approach to validate transactions. Applications of #Blockchain Technology Blockchain technology has many potential applications beyond #cryptocurrencies. One of the most promising areas for blockchain is supply chain management. By using blockchain technology, companies can track the movement of goods from the point of origin to the point of consumption. This can help prevent fraud, reduce costs, and increase efficiency. Another area where blockchain technology can be used is in healthcare. By using blockchain technology, healthcare providers can securely share patient data across a network of providers. This can help improve patient outcomes by providing healthcare providers with more complete information about a patient's medical history. Blockchain technology can also be used in voting systems to prevent fraud and ensure transparency. By using blockchain technology, voters can be sure that their vote has been counted and that the results of an election are accurate. Final Words Blockchain technology is a game-changer that has the potential to transform many industries. Its ability to provide secure, transparent, and tamper-proof transactions makes it a powerful tool for businesses, governments, and individuals. While blockchain technology is still in its early stages, its potential is enormous, and we can expect to see more applications of blockchain technology in the years to come.

What is Blockchain Technology and How does it work?

Blockchain technology is a distributed ledger system that allows secure and transparent transactions without the need for intermediaries. The technology gained widespread recognition with the creation of Bitcoin, the first decentralized cryptocurrency. Since then, blockchain technology has evolved beyond just cryptocurrencies and has been used in various industries such as finance, healthcare, and supply chain management. In this article, we'll take a closer look at what blockchain technology is, how it works, and its potential applications.

What is Blockchain Technology?

At its core, a blockchain is a #decentralized database that is shared across a network of computers. It records transactions in a way that is secure, transparent, and tamper-proof. Every transaction on the blockchain is verified by a network of computers, and once it is validated, it cannot be changed. This makes the blockchain an immutable ledger, providing a level of trust and transparency that is not possible with traditional centralized databases.

How does Blockchain Technology Work?

A #blockchain consists of a series of blocks that are linked together. Each block contains a set of transactions, and once a block is added to the chain, it cannot be altered. The process of adding a block to the chain is called mining, which is done by a network of computers that compete to solve a complex mathematical problem. Once a miner solves the problem, the new block is added to the chain, and the miner is rewarded with cryptocurrency.

Each block in the blockchain contains a unique code called a hash. The hash is a digital fingerprint that represents the contents of the block. If someone tries to change the contents of a block, the hash will no longer match, and the block will be rejected by the network. This makes it virtually impossible to tamper with the blockchain.

Blockchain technology uses a consensus mechanism to ensure that all transactions are validated by the network. There are several consensus mechanisms, including Proof-of-Work (PoW) and Proof-of-Stake (PoS). PoW is the most commonly used consensus mechanism in blockchain networks and is used by Bitcoin and other cryptocurrencies. PoS is an alternative consensus mechanism that uses a different approach to validate transactions.

Applications of #Blockchain Technology

Blockchain technology has many potential applications beyond #cryptocurrencies. One of the most promising areas for blockchain is supply chain management. By using blockchain technology, companies can track the movement of goods from the point of origin to the point of consumption. This can help prevent fraud, reduce costs, and increase efficiency.

Another area where blockchain technology can be used is in healthcare. By using blockchain technology, healthcare providers can securely share patient data across a network of providers. This can help improve patient outcomes by providing healthcare providers with more complete information about a patient's medical history.

Blockchain technology can also be used in voting systems to prevent fraud and ensure transparency. By using blockchain technology, voters can be sure that their vote has been counted and that the results of an election are accurate.

Final Words

Blockchain technology is a game-changer that has the potential to transform many industries. Its ability to provide secure, transparent, and tamper-proof transactions makes it a powerful tool for businesses, governments, and individuals. While blockchain technology is still in its early stages, its potential is enormous, and we can expect to see more applications of blockchain technology in the years to come.
What a decentralized internet will look like?We are beginning to see signs of the emergence of a #decentralized internet. But, many people are still unaware of what this new internet will act like. No one knows for sure exactly how #web3’s development will eventually unfold, but the signs are clear as to what users will be able to do with it.    Throughout the 21st century, data has been at the forefront of discussion when discussing the legacy web 2.0 internet. Whereby, large private organizations have been harvesting massive amounts of data from the public and selling it to other organizations without compensating the owners at all.    In a web3 architecture, the keyword that’s buzzing around is ‘ownership’, and this ultimately means that users/individuals will have full control, I.e "ownership", over all their data and content. Let’s break this down into how exactly this will be done.    A new communications network, owned by the people   Digital messaging is an aspect that many cannot live without. Over the years many messaging applications have revealed privacy flaws that leave many user accounts vulnerable. Currently, a centralized architecture usually stores and records all of an individual’s messages. How this works is, person A sends a message to person B. But that message doesn’t travel directly from person A to B. It instead travels from person A to the service provider, whether that be Facebook, Tencent, or other service providers, and then gets sent to person B. This information is stored on a centralized server that can access your history at any time.    What a decentralized communications network can do is, open a direct line between person A and person B, to allow direct messaging, completely removing the storage aspect of a service provider. Not only is the message completely private, but no one can see any information between the two parties.    Although web 2.0 is dominated by companies such as Amazon, Google, and Facebook, a web3 decentralized internet will not push the attention away from these organizations but instead creates an opportunity for them to work with a web3 architecture.    As data will still be an important aspect for these companies, there could be a hybrid model whereby these organizations pay individual users monthly for access to their data.    There are numerous obstacles that stand in the way of a decentralized internet, but one main concern will be access to the information we see today. This poses a challenge for #Dapp developers to create a system that enables similar information to be categorized and stored among numerous nodes within a decentralized network.    Currently, decentralized storage is slowly becoming more popular, but, blockchain projects have still yet to solve the access to content sharing and streaming model that we see in a web 2.0 network.   This is an aspect that many fans of the new internet must take into account. The internet is basically one huge library of information, and so, in order for a decentralized internet to offer similar information, there must be mass adoption of content creators all contributing similar content as they did on the web 2.0 to the web3.      Individual identification management systems on a web3 network   A people’s-owned internet can also break down the barriers of identity management systems. Something that big-name companies have been unable to achieve. Not through lack of trying, but the liability would be too great if they were to be hacked.    A decentralized internet can actually be used to enable an identity method that enables users to access any type of content, Dapps, and services without having to create numerous accounts to do so. Instead, have one account to access all.    This can be achieved, as a decentralized internet architecture will be used in parallel with blockchain technology that uses systematic consensus mechanisms that can authenticate a person’s identity without actually revealing any information about that person.    Although this system will have numerous issues when implemented on a government level, daily use of accessing the internet can be a viable solution that not only protects private information about an individual but also makes access smoother and more simple than what we see today.      The decentralized internet will not be an easy transition   The transition from a web 2.0-based internet infrastructure to a web3-based one will be accessed differently from what’s being used today. A decentralized internet will ultimately be shaped by numerous distributed nodes across the globe.   Accessing these nodes’ content will need touchpoints in the form of some type of portal. As many blockchain networks are designed to solve different issues, it will be hard for users to continually cross between different platforms to access the content they’re looking for.   This means companies need to create a cross-chain solution that will enable users to move seamlessly across different networks and access the services provided on those platforms. The next generation of the internet seems to be moving in the direction that will be comprised of numerous blockchains all connected together through a bridging protocol.   Although there are not many chains dedicated to acting as a foundational layer for web3. There are multiple chains attempting to build the underlying network that will support the entirety of the new internet.   As these chains have set out to solve specific problems, A network such as NetFlowCoin’s protocol can act as the communications layer that will enable users to interact with the web3 similar to how users currently interact with the web 2.0.   Through a bridging protocol, NetFlowCoin’s network could be integrated alongside other chains within the industry, generating the glue needed to combine and expand the new internet into what everyone is envisioning it to be.   In conclusion: Decentralization is the future, and no one can stop it Although there is hype around the novelties that we are seeing today, in terms of #NFT (non-fungible tokens), virtual real estate, and #cryptocurrencies. The bigger picture is more than what is being spoken about on the surface.    We are part of a digital evolutionary stage that has unlocked a path for people to control what is seen, used, and shared online. The way in which we can communicate can be changed, and no longer be confined by the keyhole that so many companies are forcing us to only see through.    Governments, media, and conglomerates will now need to adapt and change their digital strategy to be a part of this people-first decentralized internet and give value instead of blockades for what is to come, and for what is deemed the future. 

What a decentralized internet will look like?

We are beginning to see signs of the emergence of a #decentralized internet. But, many people are still unaware of what this new internet will act like. No one knows for sure exactly how #web3’s development will eventually unfold, but the signs are clear as to what users will be able to do with it. 

 

Throughout the 21st century, data has been at the forefront of discussion when discussing the legacy web 2.0 internet. Whereby, large private organizations have been harvesting massive amounts of data from the public and selling it to other organizations without compensating the owners at all. 

 

In a web3 architecture, the keyword that’s buzzing around is ‘ownership’, and this ultimately means that users/individuals will have full control, I.e "ownership", over all their data and content. Let’s break this down into how exactly this will be done. 

 

A new communications network, owned by the people

 

Digital messaging is an aspect that many cannot live without. Over the years many messaging applications have revealed privacy flaws that leave many user accounts vulnerable.

Currently, a centralized architecture usually stores and records all of an individual’s messages. How this works is, person A sends a message to person B. But that message doesn’t travel directly from person A to B. It instead travels from person A to the service provider, whether that be Facebook, Tencent, or other service providers, and then gets sent to person B. This information is stored on a centralized server that can access your history at any time. 

 

What a decentralized communications network can do is, open a direct line between person A and person B, to allow direct messaging, completely removing the storage aspect of a service provider. Not only is the message completely private, but no one can see any information between the two parties. 

 

Although web 2.0 is dominated by companies such as Amazon, Google, and Facebook, a web3 decentralized internet will not push the attention away from these organizations but instead creates an opportunity for them to work with a web3 architecture. 

 

As data will still be an important aspect for these companies, there could be a hybrid model whereby these organizations pay individual users monthly for access to their data. 

 

There are numerous obstacles that stand in the way of a decentralized internet, but one main concern will be access to the information we see today. This poses a challenge for #Dapp developers to create a system that enables similar information to be categorized and stored among numerous nodes within a decentralized network. 

 

Currently, decentralized storage is slowly becoming more popular, but, blockchain projects have still yet to solve the access to content sharing and streaming model that we see in a web 2.0 network.

 

This is an aspect that many fans of the new internet must take into account. The internet is basically one huge library of information, and so, in order for a decentralized internet to offer similar information, there must be mass adoption of content creators all contributing similar content as they did on the web 2.0 to the web3. 

 

 

Individual identification management systems on a web3 network

 

A people’s-owned internet can also break down the barriers of identity management systems. Something that big-name companies have been unable to achieve. Not through lack of trying, but the liability would be too great if they were to be hacked. 

 

A decentralized internet can actually be used to enable an identity method that enables users to access any type of content, Dapps, and services without having to create numerous accounts to do so. Instead, have one account to access all. 

 

This can be achieved, as a decentralized internet architecture will be used in parallel with blockchain technology that uses systematic consensus mechanisms that can authenticate a person’s identity without actually revealing any information about that person. 

 

Although this system will have numerous issues when implemented on a government level, daily use of accessing the internet can be a viable solution that not only protects private information about an individual but also makes access smoother and more simple than what we see today. 

 

 

The decentralized internet will not be an easy transition

 

The transition from a web 2.0-based internet infrastructure to a web3-based one will be accessed differently from what’s being used today. A decentralized internet will ultimately be shaped by numerous distributed nodes across the globe.

 

Accessing these nodes’ content will need touchpoints in the form of some type of portal. As many blockchain networks are designed to solve different issues, it will be hard for users to continually cross between different platforms to access the content they’re looking for.

 

This means companies need to create a cross-chain solution that will enable users to move seamlessly across different networks and access the services provided on those platforms. The next generation of the internet seems to be moving in the direction that will be comprised of numerous blockchains all connected together through a bridging protocol.

 

Although there are not many chains dedicated to acting as a foundational layer for web3. There are multiple chains attempting to build the underlying network that will support the entirety of the new internet.

 

As these chains have set out to solve specific problems, A network such as NetFlowCoin’s protocol can act as the communications layer that will enable users to interact with the web3 similar to how users currently interact with the web 2.0.

 

Through a bridging protocol, NetFlowCoin’s network could be integrated alongside other chains within the industry, generating the glue needed to combine and expand the new internet into what everyone is envisioning it to be.

 

In conclusion: Decentralization is the future, and no one can stop it

Although there is hype around the novelties that we are seeing today, in terms of #NFT (non-fungible tokens), virtual real estate, and #cryptocurrencies. The bigger picture is more than what is being spoken about on the surface. 

 

We are part of a digital evolutionary stage that has unlocked a path for people to control what is seen, used, and shared online. The way in which we can communicate can be changed, and no longer be confined by the keyhole that so many companies are forcing us to only see through. 

 

Governments, media, and conglomerates will now need to adapt and change their digital strategy to be a part of this people-first decentralized internet and give value instead of blockades for what is to come, and for what is deemed the future. 
US Courts Approve #Bittrex 's Bankruptcy FilingJudge Brendan Shannon gives the green light for Bittrex to proceed with liquidation, allowing the exchange to wind down its US operations. The SEC had accused Bittrex's US arm of running an unregistered exchange, leading to the Chapter 11 bankruptcy filing. The settlement with the amounted to $24 million in August.🗓️ Bittrex filed for the Order on October 26, 2023, revised it on October 27, and the Court held a hearing on October 30, 2023, where the Proposed Order was considered.This court decision pertains to Bittrex's US operations only, and its global services will continue unaffected. The global services include access to over 250 #cryptocurrencies.  for buying, selling, and trading.For those cautious of US regulations, Bittrex Global CEO Oliver Linch assured that the company's global services will remain available. #BTC🔥🔥 #lastpass #tia #unibot $ETH $BNB $SOL

US Courts Approve #Bittrex 's Bankruptcy Filing

Judge Brendan Shannon gives the green light for Bittrex to proceed with liquidation, allowing the exchange to wind down its US operations. The SEC had accused Bittrex's US arm of running an unregistered exchange, leading to the Chapter 11 bankruptcy filing. The settlement with the amounted to $24 million in August.🗓️ Bittrex filed for the Order on October 26, 2023, revised it on October 27, and the Court held a hearing on October 30, 2023, where the Proposed Order was considered.This court decision pertains to Bittrex's US operations only, and its global services will continue unaffected. The global services include access to over 250 #cryptocurrencies.  for buying, selling, and trading.For those cautious of US regulations, Bittrex Global CEO Oliver Linch assured that the company's global services will remain available.

#BTC🔥🔥 #lastpass #tia #unibot
$ETH $BNB $SOL
Crypto Analyst Predicts Further Upside For #shibaInu , Here’s The Target Shiba Inu (SHIB) has undergone significant consolidation after a recent surge. Despite a 13% decline in the past week, it remains up by 210% over 30 days. Analyst Javon Marks predicts another breakout, targeting $0.000081, followed by a 90% increase to establish a new all-time high. - SHIB's Recent Surge: SHIB soared by 280% from $0.00001178 to $0.00004456 from February's end to March 5, outpacing many #cryptocurrencies. The surge was accompanied by a trading volume peak, totaling $31 billion within a week, as per Kaiko data. - Analyst Forecast: Marks had earlier forecasted SHIB to hit $0.000081 in October 2023, with the recent surge validating this prediction. A sustained trading above this level could lead to a further 90% upside, reaching $0.0001553, marking a new all-time high. - Current Status: Following its peak, SHIB retraced to trade within $0.0000365 to $0.0000275 range. On-chain data indicates increased trading volume, particularly in large transactions exceeding $100,000, suggesting accumulation or potential selloff contributing to the recent price decline. - Factors Driving Growth: Key factors fueling SHIB's growth include decentralization, global accessibility, a robust community, and an efficient deflationary burn mechanism. Over 25.6 million $SHIB tokens were burnt within 24 hours, demonstrating the community's commitment to reducing token supply. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
Crypto Analyst Predicts Further Upside For #shibaInu , Here’s The Target

Shiba Inu (SHIB) has undergone significant consolidation after a recent surge. Despite a 13% decline in the past week, it remains up by 210% over 30 days. Analyst Javon Marks predicts another breakout, targeting $0.000081, followed by a 90% increase to establish a new all-time high.

- SHIB's Recent Surge:

SHIB soared by 280% from $0.00001178 to $0.00004456 from February's end to March 5, outpacing many #cryptocurrencies. The surge was accompanied by a trading volume peak, totaling $31 billion within a week, as per Kaiko data.

- Analyst Forecast:

Marks had earlier forecasted SHIB to hit $0.000081 in October 2023, with the recent surge validating this prediction. A sustained trading above this level could lead to a further 90% upside, reaching $0.0001553, marking a new all-time high.

- Current Status:

Following its peak, SHIB retraced to trade within $0.0000365 to $0.0000275 range. On-chain data indicates increased trading volume, particularly in large transactions exceeding $100,000, suggesting accumulation or potential selloff contributing to the recent price decline.

- Factors Driving Growth:

Key factors fueling SHIB's growth include decentralization, global accessibility, a robust community, and an efficient deflationary burn mechanism. Over 25.6 million $SHIB tokens were burnt within 24 hours, demonstrating the community's commitment to reducing token supply.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks
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#PostFinance , Switzerland's fifth-largest bank, is set to embrace the future by launching $BTC trading and custody services on February 21, 2024. This move marks a significant step in the integration of traditional banking with the burgeoning world of cryptocurrency. As the financial landscape continues to evolve, PostFinance's foray into #Bitcoin‬ signals a growing acceptance of digital assets within the mainstream banking sector, providing customers with new avenues to explore and invest in the world of #cryptocurrencies. #Write2Earn #TrendingTopic
#PostFinance , Switzerland's fifth-largest bank, is set to embrace the future by launching $BTC trading and custody services on February 21, 2024. This move marks a significant step in the integration of traditional banking with the burgeoning world of cryptocurrency. As the financial landscape continues to evolve, PostFinance's foray into #Bitcoin‬ signals a growing acceptance of digital assets within the mainstream banking sector, providing customers with new avenues to explore and invest in the world of #cryptocurrencies.
#Write2Earn #TrendingTopic
Derivatives for Risk Mitigation #Derivatives are basically used for Risk Mitigation . Professional traders use derivatives to mitigate their risk on the holding of their assets. Keeping this in mind , we have brought Derivative Swaps for #cryptocurrencies. You could have a look into it at test.verslan.com to understand how one could find an option to trade derivatives .
Derivatives for Risk Mitigation

#Derivatives are basically used for Risk Mitigation . Professional traders use derivatives to mitigate their risk on the holding of their assets.

Keeping this in mind , we have brought Derivative Swaps for #cryptocurrencies.

You could have a look into it at test.verslan.com to understand how one could find an option to trade derivatives .
Market Update As confidence in the banking sector may soon be restored following the recent #SVB bank failure, customers might begin transferring their funds back into banks. This potential shift could cause a significant outflow of capital from high-risk assets, such as #cryptocurrencies. Consequently, the #crypto market may experience a considerable price correction or even a black swan event, as the recent rally was primarily driven by the bank's collapse. Furthermore, #Bitcoin (BTC) is currently approaching a key resistance area at $30,000. We will closely monitor the market for possible reversal scenarios. #BTC s movement around this critical level could play a significant role in determining the short-term direction of the crypto market.

Market Update

As confidence in the banking sector may soon be restored following the recent #SVB bank failure, customers might begin transferring their funds back into banks. This potential shift could cause a significant outflow of capital from high-risk assets, such as #cryptocurrencies.

Consequently, the #crypto market may experience a considerable price correction or even a black swan event, as the recent rally was primarily driven by the bank's collapse. Furthermore, #Bitcoin (BTC) is currently approaching a key resistance area at $30,000.

We will closely monitor the market for possible reversal scenarios. #BTC s movement around this critical level could play a significant role in determining the short-term direction of the crypto market.
👉👉👉 SEC likely still believes $SOL is a security, say crypto execs Despite retracting its request for a court decision on whether Solana (SOL) is a security as part of its Binance lawsuit on July 30, the U.S. Securities and Exchange Commission (SEC) has not definitively cleared Solana of being classified as a security. #JakeChervinsky , Chief Legal Officer at Variant Fund, noted on July 30 that the SEC’s retraction does not imply a conclusion that Solana is not a security. The SEC’s latest move involves amending its complaint related to “Third Party Crypto Asset Securities,” essentially withdrawing its request for a court determination on the security status of the tokens involved in the lawsuit. Chervinsky pointed out that despite this retraction, the SEC continues to refer to these tokens as securities in other cases, such as its ongoing lawsuit against Coinbase. Miles Jennings, General Counsel at a16z Crypto, and Justin Slaughter, Policy Director at Paradigm, also weighed in. Slaughter suggested that the retraction may be overinterpreted & does not imply that Solana or other tokens are non-securities. Jennings noted that Judge Amy Berman Jackson’s high bar in the Binance case might make it difficult for the SEC to prove these tokens as securities, despite Judge Katherine Polk Failla’s support for the SEC’s stance in the Coinbase case. Jennings doubts the SEC’s ability to connect token sales on secondary markets with token issuers’ managerial efforts, suggesting this might be a strategic decision rather than reflecting the SEC’s stance on the tokens. Tokens Affected In its lawsuit against Binance, the SEC identified several tokens as securities, including: 1. Solana (SOL) – $184 2. $BNB BNB) – $587 3. Cardano ($ADA ) – $0.40 4. Polygon (MATIC) – $0.515 5. The Sandbox (SAND) – $0.33 6. Decentraland (MANA) – $0.33 7. Axie Infinity (AXS) – $5.82 The SEC had previously asserted that at least 68 tokens were securities, impacting over $100 billion worth of #cryptocurrencies.
👉👉👉 SEC likely still believes $SOL is a security, say crypto execs
Despite retracting its request for a court decision on whether Solana (SOL) is a security as part of its Binance lawsuit on July 30, the U.S. Securities and Exchange Commission (SEC) has not definitively cleared Solana of being classified as a security.
#JakeChervinsky , Chief Legal Officer at Variant Fund, noted on July 30 that the SEC’s retraction does not imply a conclusion that Solana is not a security. The SEC’s latest move involves amending its complaint related to “Third Party Crypto Asset Securities,” essentially withdrawing its request for a court determination on the security status of the tokens involved in the lawsuit.
Chervinsky pointed out that despite this retraction, the SEC continues to refer to these tokens as securities in other cases, such as its ongoing lawsuit against Coinbase.
Miles Jennings, General Counsel at a16z Crypto, and Justin Slaughter, Policy Director at Paradigm, also weighed in.
Slaughter suggested that the retraction may be overinterpreted & does not imply that Solana or other tokens are non-securities. Jennings noted that Judge Amy Berman Jackson’s high bar in the Binance case might make it difficult for the SEC to prove these tokens as securities, despite Judge Katherine Polk Failla’s support for the SEC’s stance in the Coinbase case.
Jennings doubts the SEC’s ability to connect token sales on secondary markets with token issuers’ managerial efforts, suggesting this might be a strategic decision rather than reflecting the SEC’s stance on the tokens.
Tokens Affected
In its lawsuit against Binance, the SEC identified several tokens as securities, including:
1. Solana (SOL) – $184
2. $BNB BNB) – $587
3. Cardano ($ADA ) – $0.40
4. Polygon (MATIC) – $0.515
5. The Sandbox (SAND) – $0.33
6. Decentraland (MANA) – $0.33
7. Axie Infinity (AXS) – $5.82
The SEC had previously asserted that at least 68 tokens were securities, impacting over $100 billion worth of #cryptocurrencies.
US Dollar Becoming a 'Risk On' Asset as Volume Drops 80% #crypto analyst Marty Party tweeted that the #USD is now a "risk on" asset with an 80% drop in volume due to people switching to new options. The USD's performance affects other #fiat currencies and #cryptocurrencies.
US Dollar Becoming a 'Risk On' Asset as Volume Drops 80%

#crypto analyst Marty Party tweeted that the #USD is now a "risk on" asset with an 80% drop in volume due to people switching to new options. The USD's performance affects other #fiat currencies and #cryptocurrencies.
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