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    Binance U.S. Under Investigation from the SEC Over Trading Affiliates

    According to the report, the two firms, Sigma Chain AG and Merit Peak Ltd., are owned by the CEO of Binance, Changpeng Zhao. The report shows corporate documents from 2019 tying CZ with both firms.The SEC Investigates Binance.US Ties with Sigma and Merit PeakBoth trading firms continuously buy and sell crypto on Binance.US, which reduces price volatility. While helping to ease price volatility, market makers profit from the small differences in the bid and ask prices.While market-making activities are commonplace in both the traditional finance and crypto industry, Binance.US does not name any of its market maker partners on its website.The regulatory agency has now requested information from Binance U.S. on the two affiliate trading firms. In addition, it has launched an investigation on whether they received preferential treatment from the exchange regarding access or speed.Sources familiar with the case explained that another area of focus for the SEC is how Binance.US disclosed its links to the trading firms to customers. However, it remains unclear how the SEC might proceed with any enforcement action for now.On the FlipsideWhy You Should CareThe probe primarily seeks to clarify the convoluted relationship between Changpeng Zhao and the two market makers.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    Universe Finance Gears to Launch IDO, Offers High Yields in Uniswap V3 

    Uniswap V3 liquidity management platform, Universe Finance officially announced its IDO launch on January 15th to 18th. This IDO will help the network bolster its technology and features which would greatly benefit all its global users. To be specific, all users in the platform can experience features such as yield farming profits both seamlessly and safely.In detail, the Universe Finance network meets the needs of LPs with different risk appetites through a series of products. Hence, it is considered to be one of the best Uniswap V3 liquidity management platforms on Polygon and Ethereum.In terms of technology; traders and investors in the network can experience high return, stable income, risk grading, and low cost fees. This feature of Universe Finance enables users of the platform a flexible way of staking their funds in the LPs of Uniswap V3.Furthermore, Universe Finance also integrated superb security to maintain the safety of all its users in the network. In particular, the platform deployed highly restricted permissions, highly restricted parameters, and multi-signature scheme features to name a few. This technology provides an additional layer of security, giving all its users the confidence and peace of mind in using the network.To maintain its market position, Universe Finance ensures to keep up good terms with its partners in the space. These partnerships include companies and networks such as Instadapp, Polygon, Olympus, DODO, Tetu.io, Stake with US, Poolz, Biconomy, and Defillama. In addition, Universe Finance continues to open its doors to potential collaborations that could further expand its reach in the industry.On the other hand, Universe Finance continues to develop its blockchain to provide the best possible experience for all its users. In the coming months, the network plans to support more chains; leverage farming on Polygon; ETH; and other chains, and provide a private vault for DAO treasury management. It also aims to manage $1 billion Uniswap V3 liquidity in the next 12 months. The leverage vault will be out on or before February 23, 2022.Continue reading on CoinQuora More

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    Binance.US is under investigation from SEC over trading affiliates: Report

    According to a Tuesday report from the Wall Street Journal, the SEC is looking into the relationship between Binance.US and trading firms Sigma Chain AG and Merit Peak. The federal regulator has reportedly requested information from the U.S. crypto exchange on the two companies and is investigating how it may have disclosed its potential links to the market makers to users.Continue Reading on Coin Telegraph More

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    IRA Financial Trust Has $36 Million in Crypto Stolen from Client Accounts

    If you visit the IRA Financial Trust website right now, at the top of the homepage, is this statement acknowledging the cyberattack:“On February 8, 2022, IRA Financial Trust discovered suspicious activity that has affected a limited subset of our customers with accounts on the Gemini cryptocurrency exchange. We have provided individual notification to all affected customers and have separately notified non-impacted customers. Due to the ongoing investigation, we are unable to comment on individual queries.”
    It’s reported that unidentified hackers siphoned more than $15 million worth of Ethereum and another $21 million equivalent in Bitcoin from IRA Financial Trust customer accounts. According to IRA Financial Trust’s charter, it can help clients set-up and administer a variety of self-directed funding vehicles including: IRAs, Roth IRAs, SIMPLE Accounts, SEP Accounts, 401(k) plan accounts, Health Savings Accounts, and Coverdell Education Savings Accounts.A unique aspect of IRA Financial Trust is that those aforementioned investment vehicles it establishes can accommodate various non-traditional assets such as real estate, precious metals, or cryptocurrencies. In the media report, Blockchain analysis firm Chainalysis, confirmed that it was tracking the $36 million in stolen cryptocurrency from IRA Financial customers, and said that it is being laundered through a “mixer” service known as Tornado. According to the Bloomberg article, IRA Financial spokesperson Maria Stagliano said the company’s investigation is primarily focused on security controls that IRA Financial claims weren’t offered or available from Gemini. The article did not specify any existing safety controls or security measures that IRA Financial may have had in place. In a reactive statement, Gemini responded stating that it provides a number of security controls for institutional clients such as IRA Financial. Those security measures include two-factor authentication which is mandatory on all accounts and approved addresses, according to Bloomberg.Gemini stressed that it was not breached, and that it was offering to assist IRA Financial Trust in its investigation. As of this writing, no individual or group has claimed responsibility for this cyber heist.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    Binance Will Add ALPINE Token Sale on Its Launchpad on February 16

    Binance has introduced its partnership with the Alpine Formula One team. Through this alliance, Binance is ecstatic to add ALPINE token sales on its Launchpad.The event is slated to occur on February 16, 2022, at 16 00:00 AM (UTC). This means that the ALPINE token sales event on Launchpad will last for a minimum of 5 days. To note, the ALPINE token sale will follow the same Binance Launchpad subscription format.In detail, the token’s sale has a “preparation period, subscription period, calculation period, and final token distribution” time. Binance will initiate a new move to record users’ BNB balance from Feb 16, at 6 00:00 AM (UTC), to Feb 21, at 00:00 AM (UTC). From there, Binance will take a step forward and calculate users’ BNB tokens in hourly snapshots the same way as the Daily Average BNB Balance calculation.Furthermore, eligible users will have the option to subscribe to the sale from Feb 16-21. To subscribe, users will have to sign the “Token Purchase Agreement” before committing BNB. Once committed, users’ BNB will be locked automatically until the final token distribution date.Finally, on the last day which falls on Feb 21, Binance will calculate the allocated locked funds and transfer users ALPINE and BNB tokens to their respective spot wallets.ALPINE Token Sale Details:Token Name: Alpine F1® Team Fan Token (ALPINE)Launchpad Hard Cap: 4,000,000 USDHard Cap Per User: 10,000 USD (10,000 ALPINE)Total Token Supply: 40,000,000 ALPINETotal Tokens Allocated to Binance Launchpad: 4,000,000 ALPINE (10% of Total Token Supply)Public Sale Token Price: 1 ALPINE = 1 USD (price in BNB will be determined prior to subscription)Token Sale Format: SubscriptionSupported Sessions: BNB onlyContinue reading on CoinQuora More

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    Life-Changing Social Network Viblos Displays New Achievements

    What is the reason for such an impressive success? In this article, we will tell you about the unique features of the Viblos project, and why the $VIBLO token may grow by another 1000% in the future.Background: Big Brother is watching us Viblos is the first toned social network in which users can freely communicate, monetize author’s original content and passively earn money by viewing the publications of other community members. Viblos social network was created to deal with the inefficiency of centralized social networks. And indeed, over the past 10 years, large centralized social networks have degraded greatly.They have turned into a kind of totalitarian state in which the dictatorship of centralization stifles freedom of speech. For example, Facebook (NASDAQ:FB) uses a special XCheck system that forms a so-called white list of ideologically correct accounts that are allowed to violate community rules. Logically, there is also a so-called black list of accounts whose posts are censored. The administration of large social networks willingly shares users’ data not only with law bodies but also with those who are willing to pay well. As a result, we know about the whole data market, although large networks unanimously deny its existence. The current system is a system of lies and manipulation of users. And while users are massively complaining about censorship and joking about Big Brother, in contrast to centralized networks, a team of fighters for freedom of speech on the Internet has created the first democratic social network Viblos.Viblos is a democratically regulated network for users and content makers Viblos is a tokenized mixed social network that supports social interaction and community building based on democracy and freedom of speech and expression. The concept is that Viblos will never demonize or censor content because the author has his or her own opinion. Unfortunately, this is the path that most major platforms have decided to take.Combining the traditional social network model and the decentralized architecture of the Viblos DAO, the developers of Viblos managed to create a unique product, devoid of the problems of large social networks, but with its unique advantages. Content monetization is the main feature of ViblosViblos transforms one of the most important mechanisms for the attractiveness of social networks — positive reinforcement in the form of likes, reposts, comments and other ways of expressing sympathy and acceptance into cryptocurrency, rewarding users with it for their activity.The chance to earn money without any starting fees is a great motive for participating in the life of a social network. Viblos users themselves determine the value of content, providing remuneration to the creators of interesting publications. The more votes a post receives, the more $VIBLO tokens the content maker will receive. Users can earn tokens by creating and curating high-quality content. In addition, Viblos users are also rewarded for sharing content. Also, they independently choose what ads to watch. The concept of social freedom ViblosAlong with the opportunity to earn money, the Viblos social network creates a stable system of checks and balances that does not allow violating freedom of speech or cancel culture. This system has several advantages. Have time to join Viblos Viblos is, without exaggeration, a revolutionary social network that implements a new business model and innovative privacy policy in the field of social networks, underpinning it with a blockchain that allows users to share and monetize their content in a transparent, secure and proven way. Having already shown incredible success in the growth of the token, Viblos does not plan to stop and will develop even more relevant solutions for those who want to regain their freedom in social networks. Do not miss the announcements of Viblos – follow the links for updates:Website | Block Explorer | Telegram | Twitter (NYSE:TWTR) | LinkedIn | GitBookDisclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.Continue reading on CoinQuora More

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    Sage's depression drug meets main goal in late-stage study

    The company and partner Biogen Inc (NASDAQ:BIIB) said the drug, zuranolone, met the study’s secondary goal of showing an improvement in symptoms over a two-week period.In the study among 440 participants with major depressive disorder, zuranolone along with antidepressants led to a greater reduction in symptoms, such as feelings of sadness and anxiety, from baseline compared with a combination of placebo and antidepressants.Major depressive disorder (MDD) is a common but serious mood disorder in which people experience depressive symptoms and it affects over 16 million American adults every year. The disorder is mainly treated with antidepressants, which could take up to six weeks to show effect and patients are typically required to continue the treatment for months after.”What this study has done, we believe, is just substantiated that zuranolone could be a unique treatment option for patients,” said Jeff Jonas, chief innovation officer at Sage Therapeutics.”We believe that if people can get better in days versus weeks… that’s an option that patients deserve to have.”Sage plans to start submitting data for U.S. approval of the drug for major depressive disorder on a rolling basis early this year and is aiming to complete the application by the second half of the year.In the study, zuranolone was generally well-tolerated with no new safety concerns, the companies said. More