The move follows a recent data breach suffered by the AI platform on March 20, where user data was exposed to a user.
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How a TikTok ban in the US could affect the crypto industry
YouTuber CryptoWendyO believes the TikTok ban is not really about TikTok, and could be used to go after the crypto space itself.
Stellar's XLM bounces 15% two days after hitting record low versus XRP
The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181.
Notably, the XLM/XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline.
XLM/XRP weekly price chart. Source: TradingViewXLM price eyes 10% gains versus XRP in April
On a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens.
The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple.
Meanwhile, XLM continues its long-term downtrend against XRP, though a rebound in April is on the cards.
Stellar’s XLM bounces 15% two days after hitting record low versus XRP
The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181.
Notably, the XLM/XRP pair rose to its intraday high of 0.20 XRP on March 31, coinciding with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM’s price has jumped over 11% since March 29 versus XRP’s 3% decline.
XLM/XRP weekly price chart. Source: TradingViewXLM price eyes 10% gains versus XRP in April
On a broader timeframe, XLM dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the United States Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens.
The SEC vs. Ripple case is now nearing its conclusion, with legal experts favoring a win for Ripple.
Meanwhile, XLM continues its long-term downtrend against XRP, though a rebound in April is on the cards.
BUSD deposits and withdrawals via OCBS suspended on Binance.US
Binance.US said it temporarily disabled One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
BTC price to $22K? Watch these key levels into Bitcoin monthly close
BTC price bets pile in as Bitcoin approaches one of its most important monthly closes since the November 2021 all-time high.
BTC price to $22K? Watch these key levels into Bitcoin monthly close
Bitcoin (BTC) is back below $28,000 as the countdown to the monthly close keeps everyone on their toes.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week trend line among popular BTC price targets
Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping to two-day lows of $27,533 on March 31.
A modest bounce means that the pair is trading at around $27,800 at the time of writing as traders flag the most important support and resistance levels going forward.
For Crypto Tony, the current part of Bitcoin’s trading range is key, as $27,700 forms the equilibrium (EQ) level and key support that bulls should preserve.
“$27,700 is the level (EQ) you need to watch this weekend if you are currently in a fresh long position. Those who are in with me from awhile back, we are not worried unless we lose that range low,” he wrote in part of his latest Twitter analysis on the day.
Here’s how the crypto industry is using artificial intelligence
The rise of artificial intelligence (AI) though in its early stages has found use cases in crypto through countless projects.
FTX EU launches withdrawal website to pay back European users
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The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.
It comes nearly five months after the global trading platform collapsed and went bankrupt in early November.
FTX EU launches withdrawal website to pay back European users
FTX EU was only approved by the Cyprus regulator in March, 2022, about seven months before FTX collapsed in November.
‘Biased, deceptive’: Center for AI accuses ChatGPT creator of violating trade laws
The group believes GPT-4 violates Section 5 of the Federal Trade Commission Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.”
Polls suggest Elizabeth Warren's anti-crypto army strategy may not pay off
Elizabeth Warren has long been a crypto-critic, and appears to be making it a focus as her re-election bid kicks off.
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Binance’s secret U.S. users
On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that despite the exchange’s public position of banning U.S. users, internal documents suggest that at least 20% to 30% of the exchange’s traffic came from U.S. customers. That equates to almost three million alleged U.S. users by mid-2020.
Crypto exchanges are required to register with either the CFTC or the U.S. Securities and Exchange Commission before soliciting U.S. customers. However, the CFTC allege that Binance ignored such ruling as its executives claimed that the regulations were “not reasonable” in the context of Binance’s corporate structure and that it was more “profitable” to simply bypass them.
Since the allegations surfaced, Chicago quantitative trading firm Radix Trading has confirmed that it is one of the three high-volume trading firms onboarded by Binance and listed in the CFTC complaint. In an official statement, Binance called the CFTC lawsuit “unexpected and disappointing.”
Founded in China by CZ in 2017, Binance quickly became the world’s largest crypto exchange through its low-fee trading mechanisms and wide range of product offerings. However, the exchange also came under intense scrutiny by regulators over allegedly lax know-your-customer and anti-money-laundering measures. Among many items, the CFTC seeks disgorgement of revenue generated by U.S. users’ trading activities, civil monetary penalties and permanent injunctive relief.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Binance’s secret U.S. users
On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that despite the exchange’s public position of banning U.S. users, internal documents suggest that at least 20% to 30% of the exchange’s traffic came from U.S. customers. That equates to almost three million alleged U.S. users by mid-2020.
Crypto exchanges are required to register with either the CFTC or the U.S. Securities and Exchange Commission before soliciting U.S. customers. However, the CFTC allege that Binance ignored such ruling as its executives claimed that the regulations were “not reasonable” in the context of Binance’s corporate structure and that it was more “profitable” to simply bypass them.
Since the allegations surfaced, Chicago quantitative trading firm Radix Trading has confirmed that it is one of the three high-volume trading firms onboarded by Binance and listed in the CFTC complaint. In an official statement, Binance called the CFTC lawsuit “unexpected and disappointing.”
Founded in China by CZ in 2017, Binance quickly became the world’s largest crypto exchange through its low-fee trading mechanisms and wide range of product offerings. However, the exchange also came under intense scrutiny by regulators over allegedly lax know-your-customer and anti-money-laundering measures. Among many items, the CFTC seeks disgorgement of revenue generated by U.S. users’ trading activities, civil monetary penalties and permanent injunctive relief.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Binance’s secret U.S. users
On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that despite the exchange’s public position of banning U.S. users, internal documents suggest that at least 20% to 30% of the exchange’s traffic came from U.S. customers. That equates to almost three million alleged U.S. users by mid-2020.
Crypto exchanges are required to register with either the CFTC or the U.S. Securities and Exchange Commission before soliciting U.S. customers. However, the CFTC allege that Binance ignored such ruling as its executives claimed that the regulations were “not reasonable” in the context of Binance’s corporate structure and that it was more “profitable” to simply bypass them.
Since the allegations surfaced, Chicago quantitative trading firm Radix Trading has confirmed that it is one of the three high-volume trading firms onboarded by Binance and listed in the CFTC complaint. In an official statement, Binance called the CFTC lawsuit “unexpected and disappointing.”
Founded in China by CZ in 2017, Binance quickly became the world’s largest crypto exchange through its low-fee trading mechanisms and wide range of product offerings. However, the exchange also came under intense scrutiny by regulators over allegedly lax know-your-customer and anti-money-laundering measures. Among many items, the CFTC seeks disgorgement of revenue generated by U.S. users’ trading activities, civil monetary penalties and permanent injunctive relief.
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged.