Cryptocurrency

The “seed” project tag is assigned by Binance to high-risk and potentially volatile tokens. In line with this classification, Binance issued an announcement advising traders to fully comprehend ORDI’s fundamentals and apply risk management before initiating trading activities.The Bitcoin Ordinals protocol allows users to inscribe digital art references into small Bitcoin transactions leveraging the BRC-20 token standard, introduced earlier this year. This novel functionality has triggered a wave of digital artwork and meme tokens on Bitcoin. To date, the protocol has issued 38 million inscriptions, accumulating over $77 million in Bitcoin-based developer fees.In conjunction with the ORDI listing, Binance rolled out spot trading pairs ORDI/BTC, ORDI/USDT, and ORDI/TRY. The exchange also conducted an ORDI Deposits and Withdrawals Activity as part of the listing process. This activity rewarded the first 1,000 users depositing no less than 72 ORDI tokens with a $50 USDT Trading Fee Rebate Voucher.Binance has also made it mandatory for users interested in trading such tokens to pass regular quizzes on their platforms. This measure is designed to ensure that traders understand the risks and unique attributes associated with these types of tokens.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

VARA released a comprehensive regulatory framework for virtual asset service providers (VASPs) in February. The regulatory framework includes four compulsory rulebooks and activity-specific rulebooks for VASPs. The rules will govern VASPs operating within the Dubai region only. The VARA framework also includes a rulebook for marketing, advertising and promotions by VASPs. Continue Reading on Cointelegraph More

In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2%. However, a positive sign for cryptocurrency investors is that a risk on sentiment is likely to benefit the crypto space. Continue Reading on Cointelegraph More

Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison, with the wire fraud, wire fraud conspiracy and money laundering conspiracy charges carrying a maximum 20-year sentence. In a press conference outside the court, United States Attorney Damian Williams called Bankman-Fried’s crimes “a multibillion-dollar scheme designed to make him the king of crypto” and one of the biggest financial frauds in American history.Continue Reading on Cointelegraph More

Solana’s peak at $44.50 on Nov. 2 was the highest it had reached since August 2022, and coincided with the Solana Breakpoint 2023 global conference held in Amsterdam. The price hype during this period even prompted BitMEX co-founder Arthur Hayes to admit to being a “degen” and invest in SOL, despite referring to the token as “just a meme.”Continue Reading on Cointelegraph More

But for Tillier who holds dual citizenship between Belgium and Brazil cryptocurrency is more than a job. It was a passion sparked by a friend, and it evolved into his first full-time crypto job with Lumx in 2021.Continue Reading on Cointelegraph More

The OIG’s “Statement on the SEC’s Management and Performance Challenges” noted the agency’s previous statements about the lack of disclosure and “widespread noncompliance with existing securities laws by crypto asset market participants.” Continue Reading on Cointelegraph More

According to OpenAI’s post, they found that many users were storing text files that they used to frame how ChatGPT responded to prompts. Each time these “power users” opened ChatGPT, they had to cut and paste these text fields into the program’s chat box before performing any tasks. The team launched GPTs as a means of alleviating this problem, as they stated:Continue Reading on Cointelegraph More