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The world’s largest crypto exchange platform by trading volume is adding support for two Solana (SOL)-based meme assets focused on artificial intelligence (AI). In a new announcement, Binance says it’s adding support for Holoworld AI (HOLO) – a digital asset ecosystem that allows users to create AI agents with personalities – as well as pump.fun (PUMP), a platform that lets users launch new meme assets. News of the listings preceded a rise for HOLO while PUMP saw a drop in price. HOLO is trading for $0.491 at time of writing, an 11.9% gain during the last 24 hours while PUMP is valued at $0.00538, a 3.3% dip on the day. On its official website, the team behind Holoworld AI says the protocol was made to create AI agents that can handle complex tasks. “Holoworld lets anyone create intelligent virtual beings, or ‘AI agents,’ that can talk, act, and engage across different platforms – no coding required. These aren’t just sim...

Several large crypto exchanges are adding trading support for World Liberty Financial Coin (WLFI). In a new posting, top US-based exchange Coinbase says that WLFI is now available to traders under the Experimental Label, a designation for volatile tokens. “World Liberty Financial (WLFI) is now live on //coinbase.com & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The world’s largest crypto exchange by trading volume, Binance, also added support for WLFI. “Binance is excited to announce that World Liberty Financial (WLFI) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Futures at the respective dates and timings listed below.” Upbit, the 23rd largest crypto exchange by trading volume, also added support for WLFI yesterday. Bithumb, the 54th largest crypto ex...

Changpeng Zhao thinks Binance’s crypto asset listing process is “a bit broken.” Zhao, who co-founded the exchange, recently took to the social media platform X to discuss Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Binance recently listed TST, sparking massive volatility in the asset’s price. Explains Zhao, “I think the Binance listing process is a bit broken. They announce, then list four hours later. The notice period is necessary, but in those four hours, the token prices go high on DEXes (decentralized exchanges), and then people sell on CEX (centralized exchange)… Not sure if there is a solution for this though. Just beware.” The former Binance executive also clarified that he didn’t endorse the TST listing and remains focused on fundamentals rather than memecoins. Zhao notes that doesn’t mean he’s...

Telegram-based tap-to-earn game Catizen surged after launching on multiple centralized exchanges today, including Binance, Bybit, and Bitget. The launch came a fter 150 million tokens were airdropped to users as part of the game’s Season 1 token distribution. The CATI price surged 22% to trade at $1.03 as of 11.34 a.m. EST with a market capitalization of $309 million. Trading for The Open Network-based CATI went live at 6:00 a.m. EST today. Some Users Upset With Reduced Airdrop Allocation CATI’s Season 1 airdrop is 15% of CATI’s 1 billion supply, and is part of the 340 million tokens that have been set aside for distribution to eligible players. The remaining 190 million tokens are scheduled to be airdropped on a quarterly basis, according to the project’s team. 🪂Hey, Catizens! Deposit Registration of 🪙 CATI to the on-chain non-custodial wallet is expected to be Open on Sep.19 10AM UTC. After deposit registration, CATI will be distrib...

A new Ethereum-based meme coin, titled “the official sister of Dogecoin”, has spiked 965% in a day . The meme coin named First Neiro On Ethereum has surged nearly 8,200% in the last six months since its inception. If you had invested $1,000 six months ago, your portfolio would be at $83,000. The phenomenal rise has outperformed almost all digital assets in the markets. Investors who took an early entry position during its initial days are currently sitting on sacks full of money. Also Read: Cryptocurrency Sector Gives $190 Million in Donations For US Elections First Neiro on Ethereum Meme Coin: Why Is Dogecoin’s Sister Rising In the Charts? Source: First Neiro on Ethereum Dogecoin’s self-proclaimed sister, the First Neiro token, spiked 965% in a day after Binance announced it would list the meme coin on the platform. This opened the floodgates to new investors who had wanted to accumulate the token all along. The buying volume increased rapidly, causing its pri...

BNB price surges 2% in 24 hours days, driven by Binance’s burn announcement. AltSignals empowers traders with ASI token staking, offering up to 25% rewards. Over 96% of ASI token supply staked, highlighting widespread adoption and confidence. Binance Coin (BNB) has witnessed an impressive surge of over 2.5% in the past 24 hours, outperforming many of its counterparts in the cryptocurrency market. This significant BNB price increase comes amidst a flurry of activity surrounding BNB and the ongoing staking of AltSignals’ ASI token. BNB price soars amid Binance’s burn announcement Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, has experienced a remarkable surge in value, climbing to $381.4. The token price has surged by 2.48% in the past 24 hours adding to a 9.22% increase in the past week. BNB price chart   The recent price surge has solidified BNB’s position as the fourth-largest cryptocurrency...

India’s Ministry of Finance issued compliance show cause notices to Binance and eight other offshore exchanges for operating illegally against anti-money laundering policies.  India’s Financial Intelligence Unit (FIU) addressed the notices to Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, according to a circular shared on Dec. 28. Furthermore, the FIU intends to wall off local investors from these platforms and has taken initial steps to block URLs of non-compliant Virtual Digital Assets Service Providers.  FIU’s announcement noted that the decision to crack down on Binance and other foreign exchanges aligns with India’s Prevention of Money Laundering Act (PMLA). However, no timeframe for cautioned platforms to respond was disclosed. You might also like: India considers regulating crypto with IMF-FSB guidelines India’s Ministry made it mandatory for crypto businesses to register with the FIU and comply with PMLA provisions....

Several crypto industry stakeholders have pending lawsuits in the U.S. and other jurisdictions following a busy year for government prosecutors and digital asset attorneys. 2023 featured crypto ’s largest court case to date coupled with a multi-billion dollar settlement between the industry’s largest exchange and several U.S. regulatory bodies. However, 2024 promises another series of court battles and crypto defendants arguing against illegal doings. The U.S. Securities and Exchange Commission (SEC) sued multiple crypto businesses in what some proponents termed a “regulation by enforcement” campaign against blockchain assets. Found a typo in the SEC’s brief. They refer to their "active regulatory and enforcement agenda" in crypto — think they actually mean "active regulation by enforcement agenda." Don't think any of us recall seeing the SEC’s crypto regulatory agenda… https://t.co/D2tuG3cSuW — Stuart Alderoty (@s_alderoty) May 16, 20...

Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning? Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States.  No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the history of the U.S. Treasury Department. Moreover, Binance’s founder, CEO and principal owner Changpeng “CZ” Zhao — deemed by many the most powerful individual in crypto — will be sidelined from the firm for at least three years after the naming of a court-appointed monitor. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myse...

Binance founder and former CEO Changpeng ‘CZ’ Zhao’s X account has been restricted . While its not clear why the ex- Binance chief’s X (formely Twitter) is restricted , the move comes as a surprise to many. On Thursday, US prosecutors wanted CZ prevented from leaving the US for the UAE, with allegations that he was a flight risk. This is after he pleaded guilty to money laundering charges and was released on a $175 million bond. Binance will also pay a $4.3 billion penalty as settlement with the US Department of Justice (DOJ).  After he stepped down, CZ was replaced by Richard Teng, the former head of Abu Dhabi Global Market, UAE.  The account restriction is a developing story and more will definitely come to light . Source: https://thebittimes.com/breaking-ex-binance-ceo-cz-s-x-account-restricted-tbt71422.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Categor...

According to PitchBook, overall crypto funding plunged over 60% in Q3 2023 compared to the same period in 2022. Cryptocurrency exchange Coinbase has become the latest company to decrease support for crypto-related startups, as investment sentiment has become decidedly more cautious, according to Bloomberg. Data provided by PitchBook shows that Coinbase’s investment arm, Coinbase Ventures, had only 11 funding deals in Q3 2023, a 64.5% decrease from the same quarter last year when the U.S.-based crypto exchange made over 30 funding deals. Crypto venture capitalists’ deals in 2023 | Source: Pitchbook Another American crypto exchange, Kraken, has also decreased its funding support for startups through its department, Kraken Ventures. It downsized from 12 deals in Q3 2022 to only six in Q3 2023. In the meantime, Binance’s funding incubator, Binance Labs, increased its investment activity by 6% from 15 deals in Q3 2022 to 16 in Q3 2023. You might also l...

In Q3 2023, the cryptocurrency market faced challenges, growth, and a decline in capitalization by 8.6% compared to the previous quarter. As Binance Research reports on the state of cryptocurrencies in the third quarter, despite significant declines in market capitalization, some cryptocurrencies such as Bitcoin (BTC) have shown resilience. It rose 63.1% year-to-date, partly thanks to expectations surrounding BTC spot bids ETF. Source: Binance Research However, the altcoin market has followed different trajectories, highlighting the sector’s volatility and varying investor sentiment. The DeFi space witnessed a contract with a 13.1% decline in total value locked (TVL), which is due to factors such as declining DeFi yields, a risk-averse environment, and a decline in the price of ETH. Source: Binance Research Institutional interaction, on the contrary, has demonstrated noticeable stability. Despite market headwinds, institutional interest remained strong, with signif...

The crypto-verse has existed for years now, and the industry has seen several highs and lows. Despite this, 2022 would certainly go down as one of the worst years for cryptocurrencies. A plethora of bankruptcies, failed projects, and a bearish Bitcoin instilled fear among the community. It did not end there, as the “crypto winter” got colder with mass layoffs. However, this wasn’t limited to the cryptocurrency sector alone. Over 1000 tech firms sacked a whopping 152,730 employees in 2022 alone, as per Layoffs.fyi. Unquestionably, a sizable portion came from cryptocurrency. But in contrast to other sectors, it was significantly less. The industries with the most layoffs were consumer and retail driven. Right behind real estate, the digital asset sector came in at number eight. Here’s how many were sacked from the crypto industry According to a recent report, a whopping 9,564 bid adieu to the digital asset industry. This is reportedly the highest yearly layoff ...

Former Binance VP Xin Jiang argues that the next crypto market cycle will likely be propelled by dapps on mainstream social platforms and meme-based cryptos. In a blog post published on Sept. 4, Xin Jiang, who previously served as vice president of strategic investments and mergers and acquisitions at Binance, argued that the crypto market no longer needs additional infrastructure improvements. He believes current infrastructure like Solana (SOL), Ethereum (ETH) layer-2 rollups, and interoperability protocols like Cosmos (ATOM) and Polkadot (DOT) can sustain the industry until at least the next market peak. Instead, Jiang called for more creative dapp projects leveraging large existing social media user bases. As examples, he cited Friends with Benefits (FWB), a token system built on top of Twitter, and Unibots, a Telegram trading bot that has seen rapid user growth. You might also like: NFT social clubs: What are they & how do they work DApps are decentralized applic...

Florian Rais, CEO of Geneva-based Criptonite Asset Management, isn’t happy with the lack of crypto clarity in the U.S. The U.S. Securities and Exchange Commission’s (SEC) ongoing delay regarding spot Bitcoin ETF applications, and its “misalignment” with the U.S. courts, is a nightmare for invest ors, Rais tells crypto.news. Read on for Rais’ take on how regulatory confusion in the U.S. has ramifications abroad, and whether the current bear market will inspire M&A activity. Why is clarity in the U.S. so important for a cryptocurrency-focused asset manager like Criptonite? Rais : It is not new that the U.S. drives the worldwide financial markets. Across most asset classes, it’s been larger and more active in volume than any other market in the world. Now that cryptocurrency enters its adoption phase by traditional asset firms, we — like others — understand that invest ment flow will only come if U.S. firms are able to invest with confid...

The first day declaration of Jor Law, the interim CEO in the bankruptcy of former Binance custodian Prime Trust, has pinned the blame on previous management, highlighting losses of assets due to investments in TerraUSD (UST) and the loss of keys for a multi-signature wallet.  Filed yesterday, the declaration explained how Prime Trust “invested funds in [UST] using both customer funds and funds in the Company’s corporate treasury, which resulted in a loss of approximately $6,000,000 in client funds and $2,000,000 in treasury funds .”   This event contributed to the collapse of the Terra-Luna system and was a “key catalyst in the acceleration of Crypto winter,” the declaration said, which ultimately contributed to Prime Trust’s inability to raise the Series C funding to keep the firm afloat. The declaration also describes how, after migrating many of its customer Crypto currency assets to Fireblocks, Prime Trust ended up directing some custom...

CZ Response On Selling BTC In response to a tweet by Skew, CZ vehemently denied the claims of selling BTC. Through his official Twitter account, CZ (@ CZ _ Binance ) stated, advertisement “Binance has not sold BTC or BNB. We even still have a bag of FTT.” He further expressed astonishment at the notion that one can determine specific sellers based solely on a price chart involving millions of traders, dismissing it as FUD (Fear, Uncertainty, and Doubt). Skew claimed that BTC was being sold off for USDT reserves, which were then aggressively used to pump into BNB since May 27th. Additionally, BNB was allegedly sold off for BUSD to suppress volatility in BTC, and BUSD was further pumped into BTC to suppress downside volatility, allowing for BTC to be swapped out for USDT. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...