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Binance US Removes Selected Trading Pairs Amid SEC Allegations

Binance is also pausing its OTC Trading Portal services in the US. The exchange said that it will notify users if and when the portal opens in the coming weeks and months.  The US arm of top crypto exchange Binance has removed 10 advanced trading pairs from its platform. In an announcement, the exchange said it would let go of select BTC and BUSD Advanced Trading pairs by 9 am PDT on June 8, 2023. Notably, the company earlier planned to eliminate over 100 crypto assets. The initial...

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EOS Price Analysis: Signs of Fresh Increase Toward $0.95

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price is trading in a bearish zone below the $0.90 support against the US Dollar. The price is now trading below $0.89 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.8760 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair...

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Litecoin (LTC) Price Analysis: Bulls Continue to Struggle Near $92

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a steady increase above $85 against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $91.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish...

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UK Adviser Calls for Regulation as AI Could Threaten Humanity in 2 Years

As Artificial Intelligence (AI) continues to attain breakthroughs in what’s possible, there is a growing concern about whether these innovations may become more powerful than their creators. Matt Clifford, chairman of the UK’s Advanced Research and Invention Agency (ARIA), stressed this in a recent interview with a local news outlet. AI Needs Regulation Within 2 Years Clifford emphasized that AI needs to be regulated soon to curb the risk of becoming “very powerful” within...

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Binance CEO Summoned By U.S. District Court

Binance CEO Changpeng Zhao (CZ) has been issued a summons by the U.S. District Court for the District of Columbia following a lawsuit against himself and his exchange on Monday.  The CEO must respond to the summons within 21 days, but is not required to appear in person.  Other entities named in the lawsuit, including Binance and Binance US, must also answer the summons.  “If you fail to respond, judgment by default will be entered against you for the relief demanded in the...

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Decentralized App Sweat Economy Unveils Governance Vote to Decide the Fate of 2B SWEAT Tokens

Sweat Economy – a fitness-focused decentralized application –  announced the launch of a new governance vote on June 7th in the Sweat Wallet application. The move would enable the community to decide the fate of 2 billion idle SWEAT tokens in inactive user accounts. According to the official press release shared with CryptoPotato, users will be given two options. They can either vote in favor of having the 2 billion idle SWEAT tokens recovered and transferred back to the...

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Binance US Delists 101 Trading Pairs Following SEC Freezing Order

Binance’s U.S. subsidiary announced the removal of over 100 advanced trading pairs on Wednesday and paused its OTC trading portal following legal pressure from the SEC to freeze its assets earlier this week. Some of the targeted pairs include AAVE/USDT, COMP/USDT, EOS/USDT, and BCH/BTC.  Binance US Legal Trouble Binance US did not specify why the sudden pair removals were necessary, but assured users that their assets “remain safe” on the platform. The action will take effect...

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SBF Complains of Late Evidence Discovery That Supposedly Harms His Defense

Unlike other FTX executives, who pleaded guilty to misdeeds while running FTX and have likely provided a treasure trove of information to the authorities in exchange for a lighter sentence, Sam Bankman-Fried has continued to maintain his innocence. However, as the date that his case gets sent to trial grows ever nearer, his legal team continues to look for ways to lighten their load once October rolls around. Arguing Over Technicalities Last month, SBF’s legal team attempted...

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Coinbase CEO Explains Why SEC Legal Battle “Isn’t Good For America”

Coinbase CEO Brian Armstrong spoke at length on Wednesday about his initial reaction to the Securities and Exchange Commission (SEC)’s lawsuit against his exchange. The executive responded to SEC Chairman Gary Gensler’s claims about the market not needing more “digital currency,” and debated whether the SEC is acting in good faith.  An Avalanche of Currencies In an interview with CNBC’s Squawk Box, Armstrong argued that Gensler was in no position to be “picking and choosing”...

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Musician Troy Sivan Sees Twitter Account Overtaken by Crypto Hackers

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Musician and artist Troy Sivan recently became the victim of an online Twitter scam in which he was inherently associated with a new digital asset called $TROYE. Troy Sivan Has Twitter Account Hacked The artist’s Twitter profile was overtaken by hackers who not only touted his new album, but also discussed a...

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