Author: faizimrd

SEC Probing Binance.US for Evidence of Potential Fraud, Despite Guilty Pleas From Binance and CZ: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly still investigating Binance CEO Changpeng Zhao and the company’s US branch despite both parties already pleading guilty to other charges levied by the Department of Justice (DOJ). According to a new report by The Wall Street Journal, both Binance and Zhao will be probed for evidence that they still have backdoor access to control Binance.US’ crypto assets. The SEC originally sued Binance in June, claiming that the crypto exchange was offering illegal securities. Earlier this month, Zhao pleaded guilty to separate…

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Jack Dorsey Leads Funding Round in Move To Decentralize Bitcoin (BTC) Mining – The Daily Hodl

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Billionaire and Block co-founder Jack Dorsey is leading a new funding round that aims to decentralize the mining ecosystem of Bitcoin (BTC). According to a new press release, Dorsey has led a $6.2 million seed funding round to support the launch of Mummolin’s decentralized BTC mining protocol OCEAN. “Mummolin, Inc., announced today that it has raised $6.2 million in seed funding, led by Jack Dorsey, Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, the Bitcoin Opportunity Fund, and other strategic partners. The seed funding will support the launch of OCEAN, the…

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AI Eye – Cointelegraph Magazine

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Outrage = ChatGPT + racial slurs In one of those storms in a teacup that’s impossible to imagine occurring before the invention of Twitter, social media users got very upset that ChatGPT refused to say racial slurs even after being given a very good, but entirely hypothetical and totally unrealistic, reason. User TedFrank posed a hypothetical trolley problem scenario to ChatGPT (the free 3.5 model) in which it could save “one billion white people from a painful death” simply by saying a racial slur so quietly that no one could…

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Crypto Trader Warns Slow Grind Down Incoming for Solana, Chainlink, Avalanche and One DeFi Altcoin

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A closely followed crypto strategist believes that four altcoins including Solana (SOL), Chainlink (LINK) and Avalanche (AVAX) will witness a bearish December. Pseudonymous analyst Altcoin Sherpa tells his 198,900 followers on the social media platform X that he thinks SOL, LINK and AVAX will likely give up some of their gains before the next leg up. According to the trader, he expects the three coins to drop to their respective 0.382 Fibonacci levels where they could potentially form a strong base to set the stage for rallies at the start…

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CME Bitcoin futures show investors betting on $40K BTC price

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The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance’s BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin’s potential to break above the $40,000 mark in the short term. CME Bitcoin futures open interest, USD. Source: Coinglass CME’s current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000–a clear indication of heightened interest,…

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Trader Says Bitcoin Just Flashed Its ‘Parabolic Signal,’ Predicts Things ‘Escalate Quickly’ From Here – The Daily Hodl

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A crypto analyst with a large following says that Bitcoin has printed its “parabolic signal” that suggests BTC is in the early innings of a strong bull market. Pseudonymous crypto analyst TechDev tells his 422,000 followers on the social media platform X that in terms of market liquidity, Bitcoin reached its bottom more than a year ago. TechDev attempts to depict cyclical patterns of dollar liquidity by pinning the US dollar index (DXY) against the Chinese 10-year bond, which appears to coincide with Bitcoin’s market cycles. “As far as liquidity…

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