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• SEC and Binance.US Engage in Negotiations to Avoid Total Asset Freeze

  TL;DR Breakdown United States District Judge Amy Berman Jackson has instructed the SEC and Binance.US to negotiate a compromise to prevent a total asset freeze. Judge Jackson emphasized the potential consequences of a complete shutdown and expressed optimism about reaching an agreement. In a bid to prevent a potential asset freeze that could have far-reaching consequences for both Binance.US and the digital asset markets, United States District Judge Amy Berman Jackson has ordered the cryptocurrency exchange and the United States Securities and Exchange Commission (SEC) to engage in negotiations. This development follows the SEC’s emergency motion for a temporary restraining order against Binance.US, accusing its CEO, Changpeng “CZ” Zhao, of accessing customer funds.  As the two parties work towards a compromise, Judge Jackson’s involvement offers hope for a resolution that safeguards customer assets while allowing the exchange to continue its operations. With an update on the negotiations scheduled, the outcome of these discussions carries significant implications for the future of Binance.US and the wider crypto industry. Contents hide 1 U.S District Judge Facilitates Negotiations for Compromise Agreement 2 Progress toward…

  Article 2023年6月17日

• WSJ’s Tether narrative is misleading, claims cryptocurrency giant

  TL;DR Breakdown Tether has criticized the Wall Street Journal for its alleged biased scrutiny. Tether states that many traditional finance institutions neglect client needs and focus more on scrutinizing Tether’s operations. CTO Paolo Ardoino emphasizes Tether’s commitment to innovation while safeguarding token reserves. Description Tether, the principal issuer of the leading stablecoin USDT, recently voiced criticism against the Wall Street Journal (WSJ). The cryptocurrency giant asserted that while the WSJ consistently scrutinizes its practices, the publication remains silent on the ongoing challenges in the conventional banking sector. Tether’s stance comes amidst mounting discussions about the broader dynamics of the … Read more Tether, the principal issuer of the leading stablecoin USDT, recently voiced criticism against the Wall Street Journal (WSJ). The cryptocurrency giant asserted that while the WSJ consistently scrutinizes its practices, the publication remains silent on the ongoing challenges in the conventional banking sector. Tether’s stance comes amidst mounting discussions about the broader dynamics of the Traditional Finance (TradFi) landscape. According to the stablecoin provider, many TradFi institutions need to be more attentive to their clients’ needs. Instead, they…

  Article 2023年9月24日

• US senators slam Meta’s ‘unrestrained’ AI release

  TL;DR Breakdown Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. They contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. While ChatGPT is programmed to reject certain requests, users have found ways to “jailbreak” the model and make it generate responses it would typically refuse. Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. The senators argue that LLaMA poses potential dangers and could be exploited for criminal activities. In a letter dated June 6, the senators criticized Zuckerberg’s decision to open source LLaMA and claimed that there were insufficient safeguards in Meta’s release of the AI model. While they acknowledged the benefits of open-source software, they contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. Initially, LLaMA had…

  Article 2023年6月11日

• Binance announces Arkham token sale on launchpad with subscription-based model

  TL;DR Breakdown Binance announces the Arkham (ARKM) token sale on its Launchpad platform, with a hard cap of $2.5 million and a maximum allocation of 300,000 ARKM tokens per user. The Arkham project aims to deanonymize blockchain technology and establish a decentralized token financial system. It operates as a blockchain analytics platform and introduces an on-chain intelligence exchange. Binance implements measures to ensure fairness, including a subscription-based model, acceptance of only BNB coins, and restrictions on participation from certain jurisdictions. Description Binance has unveiled its 32nd token sale project on the Launchpad platform, featuring the Arkham (ARKM) project. With a total hard cap of $2.5 million, the Arkham token sale on Binance Launchpad will offer users the opportunity to acquire a maximum of 300,000 ARKM tokens, equivalent to $15,000, as the project aims to raise funds … Read more Binance has unveiled its 32nd token sale project on the Launchpad platform, featuring the Arkham (ARKM) project. With a total hard cap of $2.5 million, the Arkham token sale on Binance Launchpad will offer users the opportunity to acquire a maximum…

  Article 2023年7月11日

• Crypto’s fate tied to upcoming U.S. presidential election?

  TL;DR Breakdown The uncertain narrative surrounding digital assets- whether they’re risk assets or a hedge against risk – has led to unpredictable price movements. Ed Moya, a Senior Market Analyst with OANDA, suggests the future of the industry in the U.S. might be tied to the outcome of the upcoming presidential election. Florida Governor Ron Desantis, a presidential candidate, is a vocal supporter of Bitcoin and has been pushing for crypto-friendly policies. A wavering climate has shadowed the cryptocurrency market in recent weeks, challenging investors to deduce whether digital assets offer a safe haven from financial risk or are themselves part of the risky asset class. Yesterday’s oscillation was no exception with Bitcoin (BTC) declining by 1.3% to $27,746 and Ethereum (ETH) down by 1.1% to $1,893 at the start of the East Asian trading day. Cryptocurrency has been caught in this seesaw of interpretation, bereft of a consistent narrative, and this lack of clarity has been contributing to erratic price movements. Despite these uncertainties, Ed Moya, a Senior Market Analyst with OANDA, identifies a potentially defining theme for the…

  Article 2023年6月2日