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NFT News
Tech Story
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Trump’s Pro-Crypto Stance Promises Major Regulatory Shifts
- President-elect Donald Trump is set to embrace a more crypto-friendly regulatory approach as his administration prepares to take office.
- The goal is to make the United States the 'crypto capital of the planet,' sparking optimism in the crypto industry.
- Potential appointments with strong ties to the crypto industry are being considered for key roles in regulatory bodies like the SEC.
- Critics raise concerns about potential risks, including less protection for investors and increased vulnerability to fraud and market manipulation.
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Hackernoon
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Image Credit: Hackernoon
Towards Glory: Lumoz OG NFT Event is Now Live!
- The Lumoz OG NFT event is now live, allowing users to acquire NFTs of various rarities.
- The Lumoz OG NFT collection consists of one million NFTs in three different rarity levels: Sly, Puff, and Claw.
- These NFTs allow users to instantly convert esMOZ to MOZ without any lock-up period.
- Users can obtain Lumoz OG NFTs through completing tasks on the Galxe Quest Platform, participating in the Lumoz Discord Community Loyalty Rewards, and more.
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TheNewsCrypto
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Binance’s CZ Refutes ‘Bitcoin is Dead’ Claims Highlighting BTC’s Resilience
- Binance's CZ Zhao dismisses 'Bitcoin is dead' claims, emphasizing Bitcoin's resilience.
- Binance CEO CZ refutes ongoing claims of Bitcoin's demise.
- Bitcoin continues to attract supporters and critics, but CZ highlights its sustained growth.
- Bitcoin's recent price increase and trading volume further solidify its presence as a major global asset.
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Coinpedia
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Image Credit: Coinpedia
BNB Price Analysis: Will Buyers Break $658 to Target $863?
- BNB is trading at $650, recovering from the 100-day SMA, and faces resistance at $658 (78.60% Fibonacci level).
- A bullish breakout above $658 could push the price to $711, with further targets at $778 and $863 (1.272 and 1.618 Fibonacci levels).
- A pullback to $600 support may offer a strong reversal opportunity for traders amid a golden crossover signal.
- BNB price has increased by 4.44% in 24 hours, with a market cap of $93.69 billion.
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Silicon
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FTX Sues Binance Over Alleged $1.8bn Fraud
- Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO Zhao Changpeng, seeking to recover $1.8 billion fraudulently transferred by former FTX head Sam Bankman-Fried.
- The funds were transferred to Binance and Zhao in July 2021 as part of a share repurchase agreement, but FTX alleges that the transfer was made fraudulently.
- FTX accuses Zhao of posting malicious tweets to destroy his rival before FTX's collapse.
- Binance denies the claims and says it will vigorously defend itself.
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NullTX
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CryptoPunks Reigns Supreme In 2023: A Year Of Shifts In NFT Market Dominance
- CryptoPunks emerged as the NFT market's top performer in 2023, with a market dominance increase from 23.6% to 33.6%.
- CryptoPunks became the only NFT collection to achieve a 10 percentage point rise in dominance over the year.
- Other notable NFT collections in the top 10 include Bored Ape Yacht Club, Autoglyphs, and Pudgy Penguins.
- The NFT market experienced dynamic shifts throughout the year, with CryptoPunks solidifying its status as a leader in the digital collectible space.
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Crypto-News-Flash
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Binance and Polychain Support StakeStone’s Liquid Staking Ambitions
- StakeStone secures $22M funding to advance liquid staking for ETH and BTC.
- Binance Labs backs the BIO Protocol for decentralized scientific research development.
- StakeStone raised $22 million in a funding round led by Polychain Capital, with investments from Binance Labs and OKX Ventures.
- The funding will be used to improve staking infrastructure and launch liquid Bitcoin products, while also collaborating with DeFi protocols for increased adoption.
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Coinjournal
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FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer
- FTX has filed a lawsuit against Binance and its former CEO Changpeng “CZ” Zhao to reclaim $1.76 billion over an alleged fraudulent transfer.
- The transfer was part of a repurchase deal between Binance and FTX, which shouldn't have occurred.
- FTX claims that Alameda Research, the funding source for the transfer, was insolvent at the time.
- Zhao's false tweets triggered a run on the bank at FTX, causing its collapse, as per the filing.
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TronWeekly
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FTX Accuses Binance and Zhao in $1.8 Billion Lawsuit
- FTX has filed a $1.8 billion lawsuit against Binance and its former CEO, Changpeng Zhao, alleging fraudulent actions.
- FTX accuses Binance of interfering with its business position and market stability, leading to liquidity loss and bankruptcy.
- Binance denies the allegations and asserts its commitment to market integrity, preparing a strong defense.
- The outcome of this lawsuit could set a precedent for legal standards in the cryptocurrency industry.
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Bitcoinist
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Image Credit: Bitcoinist
FTX Files $1.8 Billion Lawsuit Against Binance And Former CEO Changpeng Zhao
- Crypto exchange FTX has filed a $1.8 billion lawsuit against Binance and its former CEO Changpeng Zhao.
- FTX is seeking to recover creditors' funds, alleging fraudulent transfers and a campaign to destroy their competitor.
- The lawsuit claims that a stake repurchase deal by FTX using its sister company, Alameda Research, was fraudulent.
- Binance and Zhao are accused of orchestrating a malicious and coordinated effort to attack FTX and aggravate its withdrawal situation.
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Cryptopotato
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Alameda Research Files Lawsuit Against Waves Founder Ivanov to Recover $90M
- Alameda Research has filed a lawsuit against Waves founder Ivanov to recover $90 million.
- Alameda aims to recover the funds it deposited with Vires.Finance on the Waves network.
- Ivanov allegedly manipulated Waves' value and caused losses for Vires users.
- FTX, the bankrupt crypto exchange, has also filed lawsuits to recover funds from various parties.
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TheNewsCrypto
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Image Credit: TheNewsCrypto
Binance Surpasses $5 Billion in November Inflows, Hits Record $130B in User Assets
- Binance, the leading blockchain ecosystem and cryptocurrency exchange, has surpassed $5 billion in November inflows.
- Binance experienced two consecutive billion-dollar inflow weeks, five times higher than the second-largest platform.
- User assets on Binance reached a record high of $130 billion, reflecting the growing acceptance of digital assets.
- The recent surge in user activity aligns with the overall market trends of increasing Bitcoin and Ether prices.
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Cryptonews
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FTX Sues Binance and Changpeng Zhao for $1,800,000,000 Over ‘Fraudulent’ Transfers From SBF: Report
- Bankrupt crypto exchange FTX is suing Binance and Changpeng Zhao for $1.8 billion over alleged fraudulent transfers.
- The transfers were initiated by Sam Bankman-Fried.
- FTX collapsed in 2022 due to mismanagement of customer funds by Bankman-Fried.
- Binance denies the claims and is prepared to defend themselves.
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Tech Story
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FTX Sues Binance and Former CEO Zhao Over Alleged $1.8 Billion Fraudulent Transfer
- FTX estate is suing Binance and its former CEO, Changpeng Zhao, to recover $1.8 billion fraudulently transferred.
- The lawsuit claims that Binance's sale of its FTX stake was funded by insolvent Alameda Research.
- FTX seeks to recover the funds and additional compensatory and punitive damages.
- The lawsuit highlights the tense relationship between FTX and Binance, two major crypto exchanges.
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Arstechnica
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Image Credit: Arstechnica
FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
- FTX has filed a lawsuit against Binance in an attempt to recover $1.76 billion.
- The lawsuit alleges that the funds were fraudulently transferred to Binance and its executives.
- Binance co-founder Changpeng Zhao is named as one of the defendants.
- The lawsuit claims that Binance exited its investment in FTX due to personal grievances.
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