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Reuters: Binance.US Used Money Maker Run by CZ
February 19, 2023
MINS
New reports question the independence of Binance.US and call into question the access of Binance CEO CZ.
Reuters Report Muddles Binance.US Independence
Recent reports from Reuters have called into question the independence of Binance.US after the US-franchise arm of the world’s largest exchange confirmed it used a money-maker firm managed by Binance CEO Changpeng Zhao (CZ).
Reuters reported in an exclusive report on February 16 that Binance.US transferred $400 million to a firm called Merit Peak Ltd. in the first three months of 2021. Reuters later reported on February 17 that it has internal communications from Binance.US which corroborate that Binance potentially had secret access to accounts on Binance.US.
This news would allegedly rupture the independence of Binance.US from Binance. The two are separate entities legally and could cause issues if they are seen as working hand in hand. The reports suggest that CZ could have even had backdoor access.
The reporting from Reuters seemingly prompted a tweet from Binance.US on February 16 which acknowledged operations with Merit Peak. Binance.US also confirmed to Reuters that it no longer does business with Merit Peak and that all connections ceased in 2021.
There have been many attempts to draw parallels between https://t.co/AZwoBOgsqS and fraudulent exchanges that have gone bankrupt. The real facts speak for themselves: there is no comparison.
— Binance.US 🇺🇸 (@BinanceUS) February 16, 2023
Our leadership team is staffed with former DOJ, SEC, FBI, and NYFed employees who are… https://t.co/5etl0z3ZUX
Regulators and critics have been hot after Binance. The world’s largest crypto exchange faces enormous scrutiny and its increasing market share has only drawn further probes.
Binance CEO CZ continues to repeat his mantra of ignoring FUD by tweeting the number 4, which hearkens back to his rules for 2023.
Binance is not allowed to operate in the United States and has taken a concerted effort to move away from the US market.
Increased regulatory pressures, specifically to its stablecoin BUSD operated by Paxos, have made the exchange initiate plans to move away from the coin. And the regulatory warpath appears to only have just begun.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram |
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
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Exploring BRC-20: Top Five NFTs Building on Bitcoin Network
June 2, 2023
Presenting the top five NFT collections on Bitcoin Blockchain according to Magic Eden.
TL;DR:
- Bitcoin network introduces BRC-20 standard for NFT development, expanding beyond Ethereum.
- Top five NFT projects building on the Bitcoin network: Bitcoin Frogs, DogePunks, Misprints, BTC DeGods, and NPC Ordinals.
- Each collection offers unique digital assets stored securely on the Bitcoin blockchain.
- These projects showcase the potential of NFTs on Bitcoin, with significant trading volumes and sales recorded in the last 30 days.
Non-Fungible Tokens (NFTs) have taken the digital world by storm, revolutionizing how we perceive and trade digital assets in the blockchain industry. While Ethereum has been the primary blockchain platform for NFT development, the Bitcoin network has now entered the fray with its unique standard called BRC-20.
This article will delve into the top five NFT projects building on the Bitcoin network and explore the potential they bring to the NFT ecosystem. Important metrics would be obtained from Magic Eden and OrdinalHub. Further, all the NFTs listed in this article can be purchased on Magic Eden.
Bitcoin Frogs
Bitcoin Frogs, as the name implies, is a collection of 10,000 generative frogs on the Layer1 blockchain, with several unique traits and designs. The floor price of each NFT on Magic Eden is worth approximately 0.08 BTC ($2,000+).
According to OrdinalHub, the total volume of Bitcoin Frogs NFTs traded across numerous marketplaces is over $11M in the last 30 days. The collection is also close to recording 10,000 sales in the NFT space.
DogePunks
DogePunks is a unique collection of NFTs blending the legendary CryptoPunk theme with the iconic Doge meme. Each artwork is unique, with proof of ownership stored on the Bitcoin Blockchain.
The design comes in different varieties, including normal, zombie, ape, and alien DogePunks. Further, each digital piece has its own unique trait.
The floor price for DogePunks is 0.0155 BTC ($421), and the total volume of NFTs traded in the last 30 days is over $2M. In addition, the collection has recorded 10,000 sales within this period, representing a significant milestone in the Bitcoin NFT space.
Misprints
Although the Misprints collection looks very much like Bitcoin Frogs, it is not affiliated with the collection. The floor price is 0.0141 BTC ($383).
The total volume of Misprints NFTs traded in the last 30 days is over $1M with 2172 sales.
BTC DeGods
BTC DeGods is arguably the biggest NFT collection on the Layer1 blockchain. It is a digital art collection and global community of creators, developers, entrepreneurs, innovators, and more.
The floor price of each unique digital piece is worth 1.05 BTC, with over $1M in volume traded in the last 30 days. Apart from trading the collection on supported marketplaces, DeGods NFTs can also be staked to earn rewards on the website, offering users passive income.
NPC Ordinals
NPC Ordinals is a collection of 10,000 NPCs on the Bitcoin blockchain with a floor price of 0.0027 BTC ($73) and over 8,000 sales across numerous marketplaces in the last 30 days.
Other notable mentions on the Bitcoin blockchain include Bitamigos, Bitcoin Punks, Battle of BTC, Neo Yauto, Pepe & Pepita, and Bixels. BSC News recommends visiting OrdinalHub for NFT analytics on the Bitcoin blockchain.
As the NFT space continues to evolve, these projects are at the forefront, bringing unique and exciting experiences to collectors, artists, and enthusiasts alike. The future of NFTs on the Bitcoin network looks promising as more developers and innovators explore new possibilities of digital assets through the BRC-20 framework.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
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Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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