Viral Songwriter Takes on SEC Over NFT Regulations... in Song

submitted by /u/gadgetygirl [link] [comments]

* This article was originally published here

How Some Crypto Traders Make Millions

* This article was originally published here

XRP Gears up for Biggest Breakout in Price History, Shibarium Close to Breaking Another Major Milestone, Samson Mow Shares Nuance about BTC Being Risk-Off Asset: Crypto News Digest by U.Today

Author: U.Today

* This article was originally published here

PEXX Announces Strategic Acquisition of Chain Debrief

Author: Chainwire

* This article was originally published here

Satoshi Nakamoto's Historic Bitcoin Milestone Turns 16: Details

Author: U.Today

* This article was originally published here

Is This Price Action Normal for Bitcoin?

* This article was originally published here

USDT but not USDT is this a junk coin?

A friend of mine send me these screen shots from Coinbase and is confused as to why he can’t convert this USDT (Tether) coin to anything. Does this mean the coin he has almost 1 million of is basically worthless and he’s confusing it with the USDT stablecoin? I’m ignorant about how to interpret what I’m looking at since I myself know very little, which is why I’m here. Thanks for helping/roasting me. submitted by /u/Llamabearkat [link] [comments]

* This article was originally published here

Binance to Pay $1.7M Fine in Brazil for Derivatives Trading Violations

Cryptocurrency exchange giant Binance has agreed to pay 9.6 million reais ($1.76 million) to the Brazilian Securities and Exchange Commission (CVM) as a settlement for an investigation into its unauthorized derivatives trading in the country, Coindesk reported.

Binance’s Regulatory Struggles in Brazil

CVM initiated the investigation into Binance’s operations in July 2020, accusing the company of offering derivatives trading services without the required licenses. The regulator has ordered Binance to immediately cease its activities and threatened the exchange with a daily fine of 1,000 reais if it continued to operate without proper authorization.

Despite this warning, Binance initially attempted to resolve the matter by offering a 2 million reais ($370,000) settlement in August 2023. However, the CVM rejected this proposal, deeming it insufficient to address the violations.

The CVM maintains that Binance was engaging in “distribution and mediation of operations with securities” without being a registered member of Brazil’s securities distribution system. The CVM’s statement, published today (Wednesday), confirmed that the exchange presented a new proposal in February 2024, which was accepted after discussions with the Term of Commitment Committee (CTC).

Global Implications for Binance

The settlement in Brazil is part of a broader trend of increasing regulatory pressures on Binance globally. As the world’s largest cryptocurrency exchange, Binance has found itself under the watchful eyes of regulators in various countries, many of whom have raised concerns over the company’s compliance with local financial regulations.

Meanwhile, the latest report shows that Brazil leads in financial inclusion in Latin America with 70% adoption of debit or credit cards. The country registered 55% card usage and high real-time payments. This trend is attributed to the elimination of barriers to payment infrastructure.

The joint survey by Nubank and Mastercard, based on data from 3.6 million Nubank customers, highlighted the impact of financial inclusion on long-term economic growth.

Additionally, the study noted that Brazil has significantly progressed in financial inclusion compared to other countries in Latin America. The World Bank Global Findex shows that the country has 70% card penetration and a growing trend in real-time payment usage.

This article was written by Jared Kirui at www.financemagnates.com.

* This article was originally published here

ZAN and Mysten Labs Partner to Advance Web3 Infrastructure Development

Author: Chainwire

* This article was originally published here

Michael Saylor Breaks Silence on Key Flaw of Bitcoin

Author: U.Today

* This article was originally published here

Ancient Bitcoin Wallet Revives With Staggering 94,700% Profit: Details

Author: U.Today

* This article was originally published here

Crypto tipster gets US$1-million payout - Investment Executive

Crypto tipster gets US$1-million payout  Investment Executive

* This article was originally published here

Who Just Stashed Away almost A Half Million Bitcoin?

* This article was originally published here

'Black Swan' Author Taleb Breaks Down Trigger Behind Bitcoin Сrash, SHIB Burns Skyrocket 708%, BlackRock Did Not Sell During Crypto Market Collapse: Crypto News Digest by U.Today

Author: U.Today

* This article was originally published here

Bitcoin (BTC) Forms Death Cross Amid Market Drop

Author: U.Today

* This article was originally published here

'Not Selling Anything': Economist Raoul Pal Shares Drop of Optimism

Author: U.Today

* This article was originally published here

Bitcoin Falls 12% In Rout

Author: Investing.com

* This article was originally published here

MicroStrategy's Michael Saylor Hails Epic Bitcoin Adoption Milestone

Author: U.Today

* This article was originally published here

Maximize Your Crypto Holdings: BlastAI Airdrop Guide - Medium

Maximize Your Crypto Holdings: BlastAI Airdrop Guide  Medium

* This article was originally published here

Legendary Trader Peter Brandt Exposes Worrying Bitcoin Price Pattern

Author: U.Today

* This article was originally published here