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NFT News
Crypto-News-Flash
5d
205
Image Credit: Crypto-News-Flash
Binance Faces ASIC Lawsuit Over Misclassified Retail Clients
- ASIC sues Binance Australia for misclassifying over 500 retail clients, denying them proper consumer protections for derivatives.
- Binance compensates affected clients with $8.29 million, while ASIC seeks further penalties to enforce compliance and investor safeguards.
- ASIC files legal action against Binance Australia Derivatives for misclassifying retail investors as wholesale clients, depriving them of essential consumer protections.
- ASIC focuses on compliance and consumer protection in the crypto market, investigating penalties and orders against Binance.
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Coinjournal
6d
301
Image Credit: Coinjournal
WazirX (WRX) token dumps after Binance delisting news
- The WazirX token's price fell more than 60% in 24 hours after Binance's delisting announcement.
- WRX, AKRO and BLZ will all be delisted from the Binance platform.
- WazirX has faced challenges since its $230 million hack earlier this year.
- The WazirX token dumped hard on Wednesday after the world’s largest crypto exchange Binance announced the delisting of the native WazirX token.
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Hackernoon
6d
396
Image Credit: Hackernoon
NFTMozaic Secures Web3 Foundation Grant To Unite And Elevate Polkadot's NFT Ecosystem
- NFTMozaic, a project within the Polkadot ecosystem, has received a grant from the Web3 Foundation to promote NFT growth and adoption.
- NFTMozaic aims to align and define a common vision of success for NFTs in the Polkadot ecosystem.
- It will focus on governance, technical development, business development, and marketing initiatives to drive NFT success on Polkadot.
- The project plans to create a unified technical toolset, increase the number of NFT-focused dApps, and curate a clear marketing narrative for Polkadot NFTs.
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23 Likes
Livebitcoinnews
6d
90
Image Credit: Livebitcoinnews
Squirrel Dad Takes Legal Action Against Binance Over Intellectual Property
- Mark Longo, known as Squirrel Dad, sues Binance for unauthorized use of Peanut the Squirrel’s images and intellectual property.
- Longo claims Binance used his intellectual property without permission, including images and trademarks of Peanut the Squirrel.
- Longo's legal team has filed a complaint against Binance and intends to send cease letters to resolve the matter.
- The lawsuit highlights the importance of protecting intellectual property in the digital age.
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5 Likes
Massivelyop
6d
78
End-of-Year Eleven: The biggest MMO stories of 2024
- Blizzard had a rough year with layoffs, canceled events and charging players for early-access leveling nerfed before launch.
- Blue Protocol was cancelled after looking gorgeous but lacking in juice. It was a sad end to a hyped MMO.
- Amazon fumbled the announcement for New World's console port, causing existing fans to lose interest.
- The US Copyright Office's decision against game preservation was a severe blow to long-term online game preservation.
- Stop Killing Games movement protested against game shutdowns, including Ubisoft's cancellation of its online games.
- Guild Wars 3 was accidentally alluded to in an investor meeting, but nobody knows anything about the genre of the title.
- AI and Blockchain continued to have mixed reviews in gaming, with scams still appearing often.
- Small titles like Wayfinder successfully pivoted while MMOs Zenith and Temtem failed. Path of Exile 2 was a big win for the genre.
- Fntastic continued to be a prolific maker of scams, running rackets from early-access slop to asset flips.
- The Elder Scrolls Online canceled a fan gathering and reduced its content pace with the switch to a seasonal format. This caused a fan freakout over the game's future.
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4 Likes
NullTX
6d
57
Image Credit: NullTX
BINANCE COIN PRICE ANALYSIS & PREDICTION (December 18) – BNB Slowly Resumes Bullish, Prepares For A Huge Price Move
- BNB found solid ground and resumed buying after a sharp nosedive last week.
- The price recovered from the crash and slowly climbed back, currently trading around $710.
- A 3% surge in the past hours brought the price to a daily high of $737.
- BNB may face resistance at $761 and $800, while support levels are at $687 and $642.
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Cryptoticker
6d
396
Image Credit: Cryptoticker
Pudgy Penguins Skyrockets: How high Can The PENGU Price Go?
- The Pudgy Penguins Token has soared 800% on its debut day, reaching a $3 billion market cap.
- The current price of Pudgy Penguins (PENGU) is $0.032312, with a 24-hour trading volume of $3.16 billion.
- Pudgy Penguins experienced significant volatility since its launch, but currently priced at $0.03239.
- Factors such as market sentiment, token utility, and broader market trends could impact PENGU's price in the next 30 days.
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23 Likes
Cryptoslate
6d
82
Image Credit: Cryptoslate
ASIC sues Binance Australia over investor misclassification and protections
- The Australian Securities and Investment Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives over inadequate customer protection practices.
- ASIC alleges that over 500 retail investors were misclassified as wholesale clients, denying them essential consumer safeguards.
- Binance is accused of failing to provide disclosure statements, determine target markets, and offer adequate complaint resolution.
- ASIC seeks penalties, declarations, and adverse publicity orders against Binance Australia.
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4 Likes
TronWeekly
6d
289
Image Credit: TronWeekly
Binance Faces Legal Action for Failing to Protect Australian Consumers
- The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance’s Australian arm for allegedly failing to protect consumers.
- ASIC claims that Binance misclassified 505 retail investors as wholesale clients, exposing them to high-risk crypto derivative products and depriving them of important consumer protections.
- Binance is accused of failing to meet regulatory requirements such as not providing a Target Market Determination and lacking an adequate dispute resolution process.
- In April 2023, ASIC revoked Binance’s Australian financial services license as part of an ongoing investigation into the extent of consumer harm caused by the exchange's actions.
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17 Likes
TheNewsCrypto
6d
347
Image Credit: TheNewsCrypto
Binance Delisting Sends WazirX (WRX) Token into Freefall by Over 57%
- Binance has announced the delisting of the WazirX WRX token on December 25.
- Following the announcement, WRX has dropped by over 57%.
- WazirX's recent wallet activity has raised concerns regarding the missing funds from a previous hack.
- Binance also plans to delist tokens like Kaon (AKRO) and Bluzelle (BLZ) on December 25.
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20 Likes
TheNewsCrypto
6d
401
Image Credit: TheNewsCrypto
The First 5 Emerging Crypto Projects Went Live on Binance Alpha
- Binance Alpha has launched its first batch of crypto projects including KOMA, Cheems, APX, ai16z, and AIXBT.
- These projects were selected based on their fundamentals and growth potential.
- Binance Alpha is a platform within Binance Wallet aimed at listing emerging crypto projects.
- A fake announcement regarding the token listing was circulated on Telegram before the official announcement.
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24 Likes
Tokenhell
6d
153
PENGU: All You Need to Know About the Pudgy Penguins Solana-Based Token
- Pudgy Penguins, an Ethereum-based NFT project, launched its token PENGU on Solana.
- The floor price of Pudgy Penguins skyrocketed above $100,000 after the token launch.
- PENGU is a Solana-based token intended to power the Pudgy Penguins ecosystem.
- Pudgy Penguins creators have allocated PENGU tokens to the community, other communities, the team, liquidity pools, investors, public good initiatives, and FTT holders.
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9 Likes
Medium
6d
45
Is $PENGU Your Next Favorite Crypto? Discover What’s Happening
- PENGU is a cryptocurrency project that focuses on community growth and inclusivity.
- Its token distribution plan benefits current Pudgy Penguins NFT holders and welcomes new participants.
- The PENGU/USDT trading pair is recommended for trading, with a user-friendly platform like BingX.
- PENGU presents an exciting opportunity in the crypto landscape, emphasizing inclusivity and engagement.
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2 Likes
Crypto-News-Flash
6d
74
Image Credit: Crypto-News-Flash
CyberKongz Receives Wells Notice, Plans Defense Strategy
- CyberKongz received a Wells Notice from the SEC, raising concerns about its blockchain games and ERC-20 token activities.
- CyberKongz plans to defend its actions and calls for clear regulatory guidelines to support NFT projects and innovation.
- CyberKongz intends to fight for a more open legal environment for NFT-based projects.
- The floor price of CyberKongz's NFT collection decreased by 12.6% in the last 24 hours.
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4 Likes
Blockonomi
6d
12
Image Credit: Blockonomi
PENGU Plummets 60% Post-Airdrop, Pudgy Penguins NFT Market Drops
- The price of PENGU token, linked to the Pudgy Penguins NFT collection, has plummeted by 60% after its listing on major exchanges post-airdrop.
- Several cryptocurrency exchanges, including Binance, OKX, Bybit, and KuCoin, listed PENGU token, however, it saw a dramatic decline in value.
- The market cap of PENGU dropped from $4.3 billion to $1.6 billion, while the floor price of Pudgy Penguins NFTs fell by over 50% in the last 24 hours.
- The rapid sell-off and transaction issues have raised concerns about the long-term viability of PENGU and Pudgy Penguins NFTs.
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