Crypto Guru News 🌏

2023-06-12 18:41:50 Optimism network's recent bedrock migration has resulted in a remarkable 56% reduction in gas costs.

This upgrade is a game-changer, making transactions faster, cheaper, and more efficient. Ochish/sharhlash

2023-06-11 18:16:29 Former SEC Chief warns: "Get out of crypto platforms now" in a recent statement.

Stark tweeted that despite what individuals tell users, "crypto trading platforms are high-risk, perilous and inherently unsafe." He added that the current situation is likely only the beginning of a regulatory siege of "Crypto trading platforms." Ochish/sharhlash

2023-06-10 13:29:50 A storm hit the crypto market after the SEC's lawsuit, pushing major blockchain tokens down by 20%+.

Top hits include $SOL, $MATIC and $ADA, each plunging around 25%.

Even market leaders $BTC and $ETH were not spared, dropping 3.6% and 4.5%, respectively. Ochish/sharhlash

2023-06-09 05:30:26 SEC claimed Binance and Binance US redirected over $12B in customer assets to firms controlled by CZ.

SEC has accused Binance and BinanceUS $BNB of redirecting over $12B in customer assets to investment funds controlled by CZ between 2019 and 2021. Most of the funds went to Merit Peak, a personal proprietary firm of Zhao’s. The SEC also has documents from a Binanсe US auditor raising concerns that the American affiliate might not be fully collateralized due to Binance holding the American affiliate’s crypto assets.

The fresh SEC allegations come as supporting evidence in a request by the agency to a federal judge to place a temporary freeze on assets, beyond customer redemptions, at BinanсeUS. The SEC also wants a judge to freeze Binance and Zhao's assets. Ochish/sharhlash

2023-06-08 07:26:56 SEC attacks are a step toward digital currency adoption

Cardano founder Charles Hoskinson said that the SEC's case against Binance is motivated by the regulator's "political opposition" to the very existence of cryptocurrencies.

The SEC's attacks are a step in the implementation of "Checkpoint 2.0." The final step in this "program" will be the adoption and launch of a central bank digital currency, Hoskinson believes Ochish/sharhlash

2023-06-07 03:31:02 Binance has allegedly lost $790 million of investor funds as a result of the damaging charges brought by the SEC.

Binance, the biggest cryptocurrency exchange globally, experienced a significant withdrawal of funds subsequent to charges made by the U.S. Securities and Exchange Commission (SEC). The report cites information from crypto research firm Nansen, which states that investors pulled out an astonishing $791.6 million from Binance in just 24 hours.

Following the announcement of charges, investors pulled out assets worth $1.65 billion from Binance and an extra $13 million from Binance's U.S. division on the Ethereum blockchain. Conversely, the inflows into Binance and Binance.US during the same period were significantly lower, amounting to only $871.8 million and $11.53 million, respectively. Ochish/sharhlash

2023-06-06 07:03:38 SEC sues Binance and CZ for reportedly breaking US securities rules.

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according a federal court filing by the Securities and Exchange Commission.

BNB Dumped 6% Ochish/sharhlash

2023-06-04 09:50:50 Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios.

• Source Ochish/sharhlash

2023-06-03 06:43:43 How does bitcoin's capitalization look like against other assets that people use to preserve value (fiat, gold, real estate, and others)

Their total value today exceeds $872 trillion

If BTC gets 1% of that market, it would be worth $450,000 Ochish/sharhlash

2023-06-01 05:11:53 The FED will print $4 trillion over the next two years

Last time the FED printed trillions in 2020, bitcoin went from $3800 to $69,000 in less than 2 years

I doubt that similar history will repeat itself this time around, as market capitalization has grown, as has the popularity and recognition of the crypto segment, however, we may well see an ATH update.

As early as tomorrow there should be a vote to raise the debt ceiling, we'll be watching. Ochish/sharhlash