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Binance sources have confirm ed to Protos that customer support staff and other employees were told to assist customers trying to avoid know-your-customer (KYC) and anti-money-laundering (AML) rules. These sources stated that paperwork and documentation, while not explicitly explaining how to help customers dodge the regulations, did instruct employees to tell users in restricted locations to “use the P2P marketplace and deposit crypto.” It also stated that Binance “trusts the KYC standards of its P2P merchants.” Chinese users appear to bypass Binance KYC thanks to help from Binance Read more: Binance says it’s tough to catch terrorists because they use fake names Binance KYC claims aren’t new but are now confirmed These allegations against Binance aren’t exactly new, with Reuters reporting similar claims back in January . However, this new information does substantiate and confirm many of the concerns that have been previously reported. Binance CEO Changpeng Zhao o...

The lead developer of ShibaSwap, Shytoshi Kusama hinted in a recent blog post that Shibarium could release in August 2023. According to the blog, Shibarium “will be likely” released at the Blockchain Futurist Conference in Toronto, Canada. The event is scheduled for August 15 and 16 and Shiba Inu has secured the title sponsorship. However, Shytoshi only teased the Shibarium release but he did not confirm that it would release next month. Also Read: Shiba Inu: Here’s a List of Upcoming Releases in the SHIB Ecosystem Source: Coingecko However, Shibarium ’s governance token Bone skyrocketed in price after the blog post indicating that investors are bullish on SHIB. Bone spiked nearly 55% in the last 30 days going from a low of $0.90 to a high of $1.50. If Shytoshi confirms a tentative release date for Shibarium during the conference, SHIB may rally and delete it’s fifth ‘zero’. Shiba Inu: Can SHIB Reach $0.001 After Shibarium Launch? Sou...

In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on -chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to streamline rewards for Brave browser users while preserving their privacy. Introducing on-chain payouts represents a significant advancement for BAT. It offers users the convenience of receiving BAT rewards without revealing their identity. This could, in turn, enhance user experience. You might also like: Optimism overtakes Arbitrum in daily transactions after Worldcoin launch However, the ideal platform for on -chain payouts is still being discussed. Brendan said they are evaluating two options: Solana, known for its scalability and low transaction costs, and Ethereum layer-2 solutions like Arbitrum and Optimism, which promise reduced transaction fees without compromising security. Even so, community reactions to the an...

Blockchains’ tracing capacities can help certify that crops weren’t grown by razing woodlands or harvested with child labor. Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe.  There’s just one catch: avocado farmers in East Africa or coffee growers in Latin America have to be able to document that their crops have been grown in accordance with sustainable agricultural practices.  Their harvest bounty can’t come at the expense of denuded forests or through the assistance of child labor. And if their products are labeled “organic,” they will have to provide certification that no synthetic fertilizers and pesticides were used. This is where blockchain technology could play a significant role.  Generating an immutable record “Blockchain creates a great solution ...

FTX, a cryptocurrency exchange that collapsed, initially claimed that crypto lender Genesis owed them up to $3.9 billion, but Genesis disagreed with this. The amount in dispute was later reduced to a maximum of $2 billion. advertisement In a letter to the bankruptcy judge on Thursday, July 27, their lawyers said that both parties’ claims against each other will be resolved through the agreement. They are going to ask the bankruptcy courts to approve the deal. However, the letter didn’t mention the specifics of the settlement. Further, the settlement is likely to bring relief to many creditors of Genesis. Both parties were worried that the disagreement would cause delays in the bankruptcy process and the payment of claims. The legal counsels for both firms stated that they intend to “promptly document the Settlement and file a motion pursuant to Federal Rule of Bankruptcy Procedure 9019(a) for entry of an order approving the Settlement in their r...

The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime. Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27. The firm expects to launch secondary trading on the Avalanche blockchain in September.  Securitize plans to carry out the first natively tokenized equity issuance under the European Union’s pilot regime for distributed ledger technology supervised by the European Securities Market Authority. The pilot regime was introduced in March. The company will undergo a six-month sandbox period under the supervision of Spain’s National Securities Market Commission, known by its Spanish acronym CNMV. In addition, it must receive regulatory approval under the pilot regime to allow it to issue , manage and trade tokenized securities in Spain and throughout the EU. Relate...

Chainalysis announced a strategic partnership with Deloitte at a Washington D.C. conference. The companies’ mutual clients could benefit from Chainalysis’ blockchain analytics and Deloitte’s professional services. The partnership will also offer solutions to law enforcement agencies, regulators, and financial ecosystem players. Chainalysis, a blockchain analytics company, has announced a strategic partnership with Deloitte. Deloitte is a leading global provider of professional services such as audit and assurance, consulting, financial advisory, risk advisory, tax, and related services. The announcement was made at a Chainalysis conference in Washington, D.C., on July 25. Our alliance with @Deloitte, announced today at #TraceDC, will provide public and private organizations with bespoke solutions and specialized services related to risk, compliance, and investigations. Read more:https://t.co/NqbPPA6HYb pic.twitter.com/I48lKhhInb — Chainalysis (@chainaly...

According to a trader who participated in this year’s crypto wave, Bitcoin’s (BTC) recent price behavior does not predict well for the top digital asset’s prospects. DonAlt, a pseudonymous analyst, informs his 497,700 Twitter followers that the crypto markets are due for a sell-off. According to DonAlt, Bitcoin is showing signals of bearishness after falling below its immediate support at about $29,900. “Now the technicals are bearish. Still have the same gut feeling. It is what it is. We’ll simply ignore the market until vibes improve.” Source: DonAlt/Twitter DonAlt stated earlier this month that it is “lights out” for Bitcoin if it falls below the critical psychological level of $30,000, which later appeared. DonAlt believes that a maintained slide below $30,000 might push Bitcoin as low as $20,000. With BTC trading below the critical point, the crypto expert believes Bitcoin has till the ...

AVAX has been dominated by the claws of the bears during the past seven days. AVAX fluctuates inside a broadening descending wedge, it could break out soon. Resistance lies ahead of AVAX but if it’s a conventional bullish wedge, AVAX could surge. Avalanche has been dominated by the bears during the last week. For the first four days of the week, AVAX was fluctuating in the red zone just under the opening market price of $14.108. It emerged out of the red zone on a few occasions for a brief period of time before sinking below the opening market price. However, during the past week, AVAX reached a maximum price of  $14.22. AVAX/USD 7-Day Chart (Source: CoinMarketCap) The above chart shows AVAX making lower highs mid-way through the fourth day. It continued making lower highs until the beginning of the seventh day and reached its lowest price of $12.93. However, after AVAX reached the bottom, it started to rise again and currently, it is priced ...

In the crypto market, investors and enthusiasts appear interested in Polygon (MATIC), Cardano ADA), and DigiToads (TOADS). These projects were positively influenced by Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC).  This ruling seemed to have opened up new growth opportunities. For investors exploring the broader crypto landscape, keeping an eye on potential projects and understanding underlying fundamentals and market trends could be beneficial.  DigiToads: potential for growth DigiToads has taken a new approach to crypto and the project may offer diverse avenues for users to earn income. Investors can participate in play-to-earn (P2E) gaming, hold TOADS, enter trading competitions, and engage in non-fungible token (NFT) staking, among other avenues. TOADS is DigiToads’ native token. You might also like: Concerns about ApeCoin intensify as investors explore DigiToads and Monero In its pr...

After three years in development, Sam Altman ’s controversial eyeball-scanning Crypto project Worldcoin is finally ready for launch . The initiative, which has reportedly secured approximately $250 million in funding, and which promotes itself as a sure-fire way of “distinguishing humans from AI online,” is set to roll-out on Monday. The token will initially be available in 35 cities across 20 countries. However, the US will not be among them due to regulatory uncertainty around cryptocurrencies and their potential for use in illicit activity. Indeed, in an interview with Bankless earlier this month, co-founder Alex Blania was reluctant to explain exactly how the token will be distributed due to potential legal ramifications in the country . “Many of the details we can’t talk about here [due to] regulatory uncertainty in the United States,” he said. Read more: Opinion: Americans shouldn’t offer their eyeballs to WorldCoin As reported by the Financial Times, Worldcoin says t...

The funds have been reportedly taken on the Ethereum blockchain. The number of Bitcoins stolen remains uncertain. Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher.  According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum network, then swapped for ETH before being bridged to the Avalanche and Bitcoin blockchains. As per DeDotFi's security team, the hack may have been caused by a leak of private keys. Investigations are still in progress. Alphapo is a payment processor that offers instant transactions in over 30 digital assets and balances in a range of fiat currencies. The company is best known for being the crypto gateway for a number of gambling platforms, including HypeDrop, Ignition, and Bovada. Alphapo Hot Wallet Hacked Over $31,000,000 stolen, wit...

The U.S. Securities and Exchange Commission (SEC) has hinted at the possibility of appeal ing the July 13 ruling in its lawsuit against Ripple Labs. According to the SEC, the  ruling  goes against existing securities laws and principles, notably the Howey Test, which determines whether an investment contract classification is appropriate. The regulator also confirmed that it was “considering various avenues for further review,” suggesting it would not quickly give up on the case. BREAKING: “SEC Says XRP Ruling Was Wrong, Signals It Will Appeal” Two things: 1. This magnifies how corruptly stubborn of an agency the SEC is. 2. If they lose an appeal, it may be a hole they can not dig themselves out of. pic.twitter.com/wuD4Gix3D3 — Dan Gambardello (@cryptorecruitr) July 21, 2023 Judge Analisa Torres found that the direct sale of XRP, Ripple’s native token, to institutional investors violated SEC rules. However, it was okay for retail investors to buy the same ...

Ripple’s CTO tweeted this morning that XRP’s trading volume as a percentage of its market cap is 4 times that of BTC. The price of XRP dropped 0.62% over the past 24 hours to trade at $0.78 at press time. Technicals suggested that XRP may drop below the $0.7660 support in the next 48 hours. The CTO of Ripple, David Schwartz, shared in a tweet this morning that the trading volume for Ripple (XRP) as a percentage of its market cap is four times higher than that of Bitcoin’s. He questioned whether or not this was a positive metric to take note of. XRP's trading volume as a percentage of market cap is four times higher than BTC's. I'm not sure if that's good, bad, interesting, or meaningless. — David "JoelKatz" Schwartz (@JoelKatz) July 19, 2023 Meanwhile, data from Lookonchain showed that an XRP whale moved 563,571 XRP tokens, valued at $462,000, from Binance in the past few days. Notably, this particular whale has withdrawn ...