Carolyn Ellison becomes noose around SBF's neck Caroline Ellison, the ex-allyless, companion, girlfriend of scam king Sam Bankman Fried (SBF), has become a problem to SBF's freedom in the FTX case. **Diary leak lands SBF in Jail with** **GAG Order** **to all** https://www.publish0x.com/crypto-champion/roar-of-gag-order-in-court-against-sbf-and-ftx-witnesses-xgjxejm Recently, the court sent SBF to jail on DoJ's allegations of leaking Caroline's private diaries. The court has…
@Yugocean in August 2023
Binance is expanding its stablecoin base Recently, CZ, the CEO of Binance, talked about the advantages of stablecoins and decided to grow its base in Binance; CZ's diplomatic experience is evident in this decision. **Binance Needs to Have the Largest Stablecoin Reserves** Stablecoins reduce the possibility of loss in a bear market, so they are in high demand. Binance is the largest crypto exchange platform, so sufficient stablecoin liquidity is a natural requirement for it.…
Coinbase's Base mainnet is set to be launched . Base is a low-cost, safe, and scalable Ethereum layer-2 network developed by Coinbase. The base was launched on February 23, and mainnet is set to launch on August 9. **Beneficial Base for Coinbase users** Base is anticipated to make getting on-chain for Coinbase users simpler and faster. Gifts have also been announced for the daily visitors to make it more appealing and beneficial. Users will also have easy access to Earn,…
Huobi is in Trouble Huobi is a big exchange of Asia, but because to the ineffectual leadership, it is surrounded by saints. The exchange as a whole is suffering under Justin Sun's unsure leadership. **The Arrest of the Executive Increased the Mistrust.** Analyst Adam Cochran reported that Hubei executives were arrested in China on criminal charges. Although Huobi has denied this news, according to some Chinese sources, Wan Ming, Rain Ren, Fai Wang, Wang Huanye, Zhang Da have…
Binance Exits Germany and Enters El Salvador as the first crypto Exchange Binance is the largest crypto exchange in the world. El Salvador is the first country in the world to legalize bitcoin. Now both starts a new chapter. **Exit Germany Enter El Salvador.** Binance war regularly denied licence in Germany to operate its Business, but in El Salvador it becomes the first platform to obtain licence from Central Reserve Bank for the Bitcoin Services Provider (BSP), and from…
SEC Down against Strong but Not out against Weak The arrogance of the SEC is falling in the present circumstances, but it looks like a sign of desperation, and the SEC is in a quandary. **Giggle on Coinbase** Since the SEC does not have any clear regulation, it has given the Coinbase case a ridiculous turn by giving the example of the Terra scam that happened due to a lack of control over it. What Gary forgot here is that the SEC intentionally didn't act on Terra as well as…
Increased difficulty sends SBF back to Jail Accepting the DoJ's appeal in the FTX case, Judge Lewis Kaplan's court revoked SBF's bail and put him back behind bars. **Caroline's diary leak increased the difficulty** SBF had a difficult time getting bail, but Caroline Ellision's diary leak caused him to be served the gag order. Because of political pressure, the DoJ dropped the campaign financing charges against SBF, but Caroline Ellision event prompted the DoJ to argue…
Gemini Exchange Introduces XRP Faucet Struggling Gemini Exchange has included XRP Faucet on its platform and got cheers from the XRP community. **The Gemini inbuilt XRP faucet** Gemini has just added an XRP faucet to its platform to reward verified Gemini users with XRP. This faucet plan is probably to lure XRP fans to the Gemini platform, and it is attracting them too. Gemini has announced a pool of 4k XRP daily as its limit. **The SEC case is the reason** The SEC sued…
BASE Network becomes center of attraction for NFTs Layer-2 network "Base", developed by crypto giant Coinbase, becomes the focus of firms during its first event, "Onchain Summer," to launch NFT. https://read.cash/@Yugocean/coinbases-base-mainnet-is-set-to-be-launched-4181e700 **Online companies in BASE** Digital giants are issuing their non-fungible tokens (NFTs) on Base. Companies related to online entertainment are also getting involved, such as digital gaming firm…
Crypto Custodian Prime Trust files for bankruptcy US-based crypto custodian Prime Trust has sparked new controversy by applying for Chapter 11 bankruptcy protection in Delaware. **Company Problem** The problem with Prime Trust is serious. The company owes an estimated $500 million to more than 25k personal creditors, with the largest personal liability being $55 million. It is also being said about the company that it has planned massive layoffs. **Crisis or scam?** Prime…
El Salvador Bonds Climb the Global Market El Salvador's USD bonds have gained 70% this year, making them the best performers in emerging markets. Due to this, the bitcoin economy is shining in the economic world. **Business Interest in BTC Increased** Economic gains in El Salvador have increased the interest of international institutional giants like Lord Abbett & Co., Neuberger Berman Group, UBS Group, etc. Even bitcoin critics like JP Morgan, Eaton Vance, and PGIM of Wall…
Binance launches opBNB Mainnet Binance launched the BNB smart chain for crypto developers. opBNB is an attempt to solve its layer 2 challenges, and from now it is live. **EVM-Compatible Solution** opBNB acts as an EVM execution engine through which decentralised applications, smart contracts, etc. can be migrated to and from EVM-compatible chains like Ethereum, BNB Smart Chain, Polygon, etc. with minimal code changes. **Easy and Seamless** Developers can use opBNB in the…
Bitcoin Crash and Market Bloodbath on unconfirmed WSJ news The WSJ published unconfirmed news that Elon Musk's company, SpaceX, has sold all its bitcoins. As soon as this news went viral, the bears attacked the crypto market. **BEAR ON BITCOIN** Bitcoin was trading up and down for a few months at a stable $29k, occasionally falling to $28k and rising to the $30k level. Day traders were making profits. This time, BTC fell to $28k and was just about to rise again when the…
Bitget Exchange makes KYC mandatory Privacy is a concept associated with the existence of crypto, but Bitget has also made KYC mandatory, destroying the privacy of users. **All about KYC in Bitget** Bitget has made the first level of KYC (document and facial identity) mandatory. The due date is October 1 for newbies and September 1 for existing users; after which, newbies will be required to complete KYC to access any service, and old users without KYC will only get limited…
Coinbase and Circle on USDC CEOs of Coinbase and Circle, Jeremy Allaire and Brian Armstrong, have agreed to keep working together commercially while handing Circle full control over USDC. **USDC Governing** USD Coin (USDC) is a US dollar-backed multi-blockchain stablecoin. USDC was jointly issued by Circle and Coinbase. Till now, the management of USDC was with the "Centre Consortium", a joint self-governing venture of Circle and Coinbase. Now, the full responsibility of…
New US crypto tax will exempt mining but cover the entire crypto industry The US is preparing to make a major change in its tax policies regarding crypto to deal with the problem of keeping crypto in the tax category. **Tax Net against Economic Freedom** Through the 2021 Infrastructure Investment and Jobs Act, the Treasury Department is making policies for which the US wants to make crypto an investment and employment-enhancing industry and bring it into the tax category.…