Drake-backed crypto casino hit with lawsuit 

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  Toobit is pleased to offer Fiat Gateway Service through partnerships with Advcash(ADV) and Simplex. Toobit users can buy USDT, BTC, ETH, ADA, and USDC via Advcash(ADV) or Simplex in over 20 + countries. We’re launching a campaign for all our users to purchase directly with credit cards with rebates. Supported Payments: Visa, Mastercard Supported Fiat Currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Ukrainian Hryvnia (UAH), Hong Kong Dollar (HKD), Korean Won (KRW), Brazilian Real (BRL)and New Taiwan Dollar (NTD). ⏰Promotion period: 08:00 18 May 2023 to 08:00, 30 May 2023 (UTC) Activity1: 5% off your first purchase over 100USDT All the users will get a 5% rebate for the first purchase of crypto via Advcash(ADV) or Simplex, Toobit will distribute a maximum of 5 USDT to your spot account once you make the first purchase. Activity2: Get an extra 100USDT  for every referral who deposits over 50 USDT Users can invite friends to buy cryptos on Toobit Fiat Gateway during the event with their local fiat currencies. As long as the user’s transaction exceeds 50 USDT, you will…

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• PayPal’s stablecoin sees little adoption so far

  TL;DR Breakdown PayPal’s stablecoin, PYUSD, is struggling to gain significant adoption despite the company’s industry stature. The overall stablecoin market has shrunk from $167 billion to $124 billion in 2023. Critics have pinpointed PYUSD’s centralized nature as a possible deterrent to its growth. Currently, 90% of PYUSD’s supply is held by its issuer, Paxos, and there are only 233 total holders. Description When an industry giant like PayPal dives into the crypto market’s stablecoin realm, the expectation is that it would, in no time, sail to the top. It’s not just wishful thinking; it’s an anticipation built on the reputation of the company. But to the surprise of many, PayPal’s much-vaunted stablecoin, Paxos-issued PYUSD, is failing to … Read more When an industry giant like PayPal dives into the crypto market’s stablecoin realm, the expectation is that it would, in no time, sail to the top. It’s not just wishful thinking; it’s an anticipation built on the reputation of the company. But to the surprise of many, PayPal’s much-vaunted stablecoin, Paxos-issued PYUSD, is failing to make waves in the digital…

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• Risky business: Curve founder’s massive deposit in Aave sparks concerns for crypto ecosystem

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• Binance Coin price analysis: BNB increases value to $307.1

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  Article 2023年5月29日

• Former SEC Chief Criticizes Coinbase’s SEC Defense as “Criminal”

  TL;DR Breakdown Former SEC Chief John Reed Stark criticizes exchange’s defense, stating that claiming SEC approval of its IPO does not absolve the exchange from charges. The SEC’s role in IPO approval is to review disclosures, and a disclaimer is issued to recuse the commission from claims similar to those Coinbase plans to use in its defense. John Reed Stark, former Chief of the SEC Office of Internet Enforcement, has raised serious concerns regarding the key defense put forth by Coinbase Global Inc., the American publicly traded exchange, in response to charges brought by the U.S. Securities and Exchange Commission (SEC). Stark argues that Coinbase’s assertion that the SEC approved its Initial Public Offering (IPO) in 2021, implying a comprehensive knowledge of its business, is fundamentally flawed.  As a former regulatory chief, Stark emphasizes that the SEC’s role in IPO filings is primarily to review the accuracy of disclosures made by the applying company. He points out that the SEC includes a strong disclaimer in each prospectus, explicitly distancing itself from any claims the exchange plans to use as part…

  Article 2023年6月15日