Криптобіржа Binance US закликала федеральний суддю відхилити запит регулятора цінних паперів США щодо заморожування її активів. Компанія не зможе підтримувати торгову платформу або платити працівникам і постачальникам, заявили адвокати захисту в судовій заяві.

«Немає потреби в драконівській компенсації, якої вимагає SEC», — кажуть юристи Binance US

Binance US, американська дочірня компанія найбільшої криптовалютної біржі Binance, звернулася до федерального судді з проханням відхилити запит Комісії з цінних паперів і бірж США (SEC) про заморожування активів на мільярди доларів, які знаходяться під її управлінням.

Біткойн опустився нижче рівня 26 000 доларів на початку вихідних, оскільки ведмежий тиск посилився після тижневої турбулентності. Настрої на ринку знову змінилися, оскільки трейдери ліквідували свої позиції через репресії Комісії з цінних паперів і бірж США (SEC) проти криптовалюти. ETH впав нижче 1800 доларів.

Bitcoin

Біткойн (BTC) почав торги на вихідних нижче 26 000 доларів, оскільки трейдери продовжували реагувати на наслідки придушення криптовалюти SEC.

Останньою доміно, яка впала, стала компанія Robinhood, яка вилучила зі своєї платформи декілька альткойнів, у тому числі solana та cardano.

Сумніви щодо криптовалют залишаються серед німецьких банків, але зростає занепокоєння щодо того, що вони можуть упустити потенційно кардинальний розвиток подій.

Довгий час німецькі банки переважно нехтували індустрією криптовалют, вважаючи її надто спекулятивною, занадто ризикованою та надто нерегульованою.

Іноземні установи, необрокери та крипто-фінтех-компанії, такі як Bitwala, Trade Republic, Bison App і Bitpanda, головним чином відповідали за надання таких послуг, як торгівля та зберігання, управління бізнес-рахунками, токенізація, випуск карток і банкомати.

Binance US повідомила своїх користувачів, що депозити в доларах США призупинено, а зняття коштів у доларах США більше не оброблятимуться. Криптобіржа попросила клієнтів зняти долари до 13 червня, оскільки вона переходить на торгову платформу лише для криптовалют. Цей крок послідував за позовом Комісії з цінних паперів і бірж США (SEC) проти криптобіржі та кількох інших організацій Binance.

Binance US призупиняє депозити та зняття коштів у доларах

У четвер Binance US оголосила про призупинення депозитів і зняття коштів у доларах США після «агресивних» примусових заходів, вжитих Комісією з цінних паперів і бірж США (SEC).

У п’ятницю біткойн дещо зріс, оскільки трейдери почали переключати увагу на засідання ФРС наступного тижня. Багато хто очікує, що Федеральний резерв залишить ставки незмінними вперше за рік. Ethereum залишається вище мінімального рівня на рівні 1830 доларів.

Bitcoin

Графік біткойнів від TradingView

Біткойн (BTC) дещо піднявся під час сесії в п’ятницю, оскільки трейдери починають зосереджуватися на рішенні ФРС про ставку наступного тижня.

Після мінімуму в 26 339,32 доларів у четвер BTC/USD підскочив до внутрішньоденного піку в 26 797,51 доларів раніше сьогодні.

Приблизно 12 років тому програміст на ім’я Ласло Ганєч із Флориди захотів піци. Він вирішив купити дві піци за біткойни, що зробило це перше зафіксоване використання криптовалюти в реальному світі.

18 травня 2010 року Ганєц опублікував на форумі Bitcointalk.org повідомлення про свій намір купити дві великі піци за біткойни. Він запропонував 10 000 біткойнів кожному, хто зможе виконати замовлення та доставити його йому.

Пізніше того ж дня користувач на ім’я «ender x» відповів на повідомлення на форумі, зазначивши, що 10 000 біткойнів здається значною сумою лише за дві піци, і побажав Ханєчу удачі в пошуках «безкоштовної піци». Через п'ять днів, 22 травня 2010 року, о 19:17, Ганєч поділився фотографією купленої ним піци разом із повідомленням, у якому говорилося: «Я просто хотів оголосити, що обміняв 10 000 біткойнів на піцу».

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited.

18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s Bitcoin Exchange Rates

The average hashrate of the Bitcoin blockchain over the last 2,016 blocks stands at approximately 353.9 exahash per second (EH/s) at present. In an impressive feat this month, on May 2, 2023, at block height 787,895, the network reached an unprecedented peak of 491.15 EH/s. Meanwhile, the price of bitcoin (BTC) has been steadily hovering slightly below the $27K mark. Real-time mining rig data gathered from asicminervalue.com reveals that there are 18 profitable SHA-256 ASIC miners in operation using current BTC exchange rates.

The top six most profitable bitcoin mining rigs according to asicminervalue.com.

Given the present value of BTC and the rapid surge in hashrate, one might expect a multitude of ASIC manufacturers to be actively crafting advanced mining rigs in 2023. Surprisingly, however, the landscape is dominated by just three prominent ASIC fabricators exclusively focused on designing mining rigs for bitcoin extraction: Bitmain, Microbt, and Canaan. All 18 of the leading ASIC bitcoin miners, compatible with SHA-256 and currently generating profits, originate from these three manufacturers.

The top three most prominent bitcoin mining rig producers in 2023.

The Top 6 Most Profitable ASIC Bitcoin Miners on the Market in 2023

The top bitcoin mining rig is the Bitmain Antminer S19 XP Hydro, boasting a hashrate of 255 terahash per second (TH/s). With its establishment dating back to 2013, Bitmain has cemented its presence in the industry over the years, manufacturing 10 out of today’s top 18 ASIC miners. Taking into account current BTC exchange rates, data reveals that the S19 XP Hydro yields an estimated daily profit of approximately $9.29, factoring in an electricity cost of $0.12 per kilowatt hour (kWh).

The Bitmain Antminer S19 XP Hydro (pictured left) and the Antminer S19 XP (pictured right).

In close pursuit, the Antminer S19 XP, producing 140 TH/s, firmly secures its position as the second most lucrative ASIC rig. The S19 XP rakes in an estimated daily profit of $4.82 while upholding the same electricity costs. Trailing closely behind is Microbt’s Whatsminer M56S, commanding 212 TH/s and claiming the spot as the third most profitable bitcoin miner in the current market. Projections suggest that the M56S yields a daily profit of $4.44.

The Microbt-brand Whatsminer M56S (pictured left) and the Canaan Avalon-made A1366 (pictured right).

Following suit, the Antminer S19k Pro produces a hashrate of 136 TH/s, while the Antminer S19 Pro+ Hydro clocks in at 198 TH/s. These two miners are estimated to generate a daily profit ranging from $3.40 to $3.70. The fifth most profitable ASIC mining rig is Canaan’s Avalon A1366 which produces 130 TH/s. At $0.12 per kWh, the Avalon A1366 gets an estimated $3.17 per day in profit.

With electricity costs set at $0.12 per kilowatt hour (kWh) and considering the prevailing BTC prices, a total of 18 mining devices prove to be profitable. However, if the electricity rate drops below $0.12 per kWh, a broader range of machines with lower terahash outputs become financially viable.

While the global average electricity rate hovers around $0.14 per kWh, there’s a decent amount of countries, including Iran, Cambodia, Afghanistan, Belarus, Cape Verde, Brazil, Central African Republic, Bhutan, and Azerbaijan, among others, where electricity rates range from $0.01 to $0.05 per kWh.

#feedfeverchallenge #crypto2023 #BNB #BTC #Binance

In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency, affirming that he maintains “a small diversification” in his investment portfolio and always will.

Paul Tudor Jones on Bitcoin: ‘I’m Sticking With It, and I’m Going to Always Stick With It’

In an appearance on CNBC’s “Squawk Box” this week, the legendary hedge fund manager Paul Tudor Jones shared his insights on both bitcoin (BTC) and the U.S. economy. Jones expressed his view that the U.S. Federal Reserve might have gone overboard with its actions, asserting that any rate hikes are unlikely to occur this year. Furthermore, he suggested that inflation could persistently decrease, bringing the Federal Reserve closer to achieving its objectives of controlling inflation than anticipated. Nonetheless, this decline in inflation could present a challenge for the leading cryptocurrency, bitcoin.

In addition to his observations on the U.S. economy, Paul Tudor Jones delved into the regulatory landscape surrounding bitcoin and the broader cryptocurrency industry. With conviction, Jones opined that “bitcoin has a real problem because, in the United States, you have the entire regulatory apparatus against it.” Despite this formidable opposition, Jones emphasized during his interview with CNBC that he remains steadfast in his commitment to the leading digital currency, opting to maintain a modest allocation of BTC in his investment portfolio.

Jones said:

From the beginning, I’ve always said I want to have a small allocation to it because it’s the only thing humans can’t adjust the supply in. So I’m sticking with it, and I’m going to always stick with it as a small diversification in my portfolio.

Back in October 2021, Jones confidently declared that bitcoin was “winning the race against gold,” just before BTC surged to its all-time high of $69K. Fast forward to May 2022, and Jones expressed the difficulty of not being bullish on cryptocurrencies. However, with the potential decline in inflation, the rationale behind hedging with gold and bitcoin might lose some of its luster in the future.

“[Bitcoin and gold have] done so well recently because of the fact that we have had these great risk premiums,” Jones told CNBC. “I wonder whether they may not be boring in the future. If inflation is truly done a bit, if that story’s been played, then you have to wonder: we were buying gold and bitcoin for the inflation hedges – that game may be over,” the investment mogul added.

#feedfeverchallenge #crypto2023 #dyor #BNB #Binance

Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain.

The rise of blockchain/Web3 applications in the Middle East are setting the stage for remarkable technological progress and innovation. Reef has already made a significant impact in the region by securing the Best Ecosystem Award at The Middle-East Blockchain Awards.

Driving Growth in the MENA Region:

The Accelerator Program seeks to drive Reef’s vision for growth, making it the de-facto blockchain in the MENA (Middle East and North Africa) region. Ideas selected as part of this initiative will benefit from the financial support provided by Reef’s venture partners, along with mentorship, marketing, and business development assistance from Reef Labs. Additionally, these ecosystem projects can leverage Reef’s global community to promote their ideas and achievements to other Web3 developers and blockchain enthusiasts.

Positioning Reef for Web3 Adoption:

The present geo-political landscape in the MENA region fosters the growth of region-specific blockchain networks, which are set to play a significant role in promoting Web3 adoption. Reef is ideally positioned to deliver enterprise-grade solutions with high scalability, cost-effective transactions, extensible EVM, and on-chain upgradability features, thus stimulating inventive models to harness blockchain technology. Additionally, the remarkably low entry barrier for dApp developers has made Reef one of the most developer-friendly ecosystems to build upon.

Denko Mancheski, CEO of Reef, said about this new initiative, “We’re launching the Reef Accelerator Program with the aim of welcoming the brightest minds in the Web3.0 industry. The Reef team has been working with Web3 developers in the Middle East region for some time now, and is extremely excited by the talent and innovation we witness. Through our recently conceptualized Reef Labs initiative, we will choose the best Middle Eastern projects, empower them to realize their full potential and integrate them into the current Reef ecosystem of NFT, DeFi, Metaverse, and GameFi projects. It will also enable us to drive the growth of the Web3 industry in the Middle East and emerge as this region’s de-facto blockchain”.

The Reef Accelerator Program is poised to solidify Reef Chain’s position as the most developer-friendly blockchain solution for web2 businesses transitioning into the web3 space in the MENA region, ultimately propelling the upcoming wave of innovation and Web3 adoption.

This program amount of $10 million will be part of the $20 million developer support fund that Reef had announced earlier.

#feedfeverchallenge #crypto2023 #dyor #BNB #Binance

Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%.

Solana (SOL)

Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run.

SOL/USD surged to a peak of $21.49 earlier in today’s session., which comes after Sunday’s low of $20.65.

As a result of this rally, solana moved to its strongest point since last Monday, when price was close to $22.00.

SOL/USD – Daily Chart

One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00.

The index is now tracking at 48.31, which is its highest reading in almost ten days of trading.

Should current sentiment extend throughout the week, there is a good chance SOL will near its long-term resistance at $24.00.

Litecoin (LTC)

Additionally, litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%.

Following a low of $81.75 on Sunday, LTC/USD raced to an intraday high of $87.54 earlier in the day.

This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the $90.00 mark.

LTC/USD – Daily Chart

From the chart, a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken.

At the time of writing, price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00.

There is a strong possibility that litecoin could move above $90.00 in the coming days.

#feedfeverchallenge #crypto2023 #dyor #BNB #BTC

Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption.

Lebanese Citizens Left Penniless as Financial Institutions Crumble

In February 2023, Lebanese depositors that were incensed by the alleged theft of their life savings by the country’s central bank, set ablaze the very banks that held their fortunes. Bitcoin.com News highlighted this distressing situation, revealing that regional banks had frozen accounts, leaving residents unable to access their hard-earned funds. As if that weren’t enough, Lebanon was plagued by skyrocketing inflation, further exacerbating the plight of its citizens.

The wave of discontent continued in March 2023 when protests reverberated throughout Beirut and other regions. Outlookindia.com vividly reported scenes of shattered windows, burning tires, and passionate demonstrators venting their anger against Riad Salameh, the governor of Lebanon’s central bank.

Amidst the month of May 2023, resolute demonstrations persist as Lebanese residents grapple with mounting anxiety over the fate of their hard-earned savings. Reports reveal that the bank, in a bid to restore order, enlisted the aid of security personnel and called upon riot police to quell the upheaval unfolding outside the downtown Beirut branch of Bank Audi.

Frustration simmers among Lebanese citizens who find themselves utterly deprived of access to their deposits, with accusatory fingers pointed squarely at Salameh and his brother. Alarming allegations have emerged from six European countries, as detailed by The National, suggesting that Salameh and his brother orchestrated an intricate embezzlement scheme of colossal proportions.

“In Lebanon, it is not one firm or one bank but the whole financial system that collapsed without warning from auditing firms,” The National’s reporter Nada Maucourant Atallah explains. “The crisis exposed losses of almost $70 billion wiping depositors’ savings out and triggering an uncontrolled inflationary spiral, which plunged more than 80 percent of the population into poverty.”

Leaders of Lebanon’s Central Bank Under Fire: Grave Allegations of Fraud and Corruption Surface

According to French court documents reviewed by Reuters, French prosecutors have unveiled their intentions to level preliminary accusations of fraud and money laundering against Salameh. The charges revolve around allegations that he concealed his wealth using purportedly counterfeit bank statements. A scheduled hearing in France on May 16th has been arranged by the French judicial authorities.

Meanwhile, the circumstances faced by ordinary citizens and Lebanese bank depositors persist, leaving them without any funds. The consequences of this predicament have ignited relentless indignation, as people grapple with the urgent need to provide for their families and meet basic necessities such as food and shelter. Lebanese financial institutions have now devolved into mere façades, with hollow bank tellers, vacant ATMs, and fortified buildings standing as bleak reminders of Lebanon’s broken economy.

#feedfeverchallenge #dyor #crypto2023 #BTC #Binance

Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could bulls be on the brink of returning?

Current Market Status

At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains.

With several key data points all being released in a short window, it was somewhat expected that price uncertainty would be present.

The Fed increased interest rates by 25 basis points, days after non-farm payrolls rose to 253,000, versus expectations of 180,000.

Since then, inflation fell to 4.9% in April, with many still uncertain as to what the Federal Reserve will do during June’s meeting.

May Outlook

Bitcoin (BTC) fell to a low of $25,810 last Friday, which came after a breakout occurred at a key price floor of $26,500.

This move saw the world’s largest cryptocurrency plunge to its weakest point since March 17, when the price was below $25,000.

Since then, BTC has somewhat rebounded, climbing to a peak of $27,527.51 earlier in today’s session.

BTC/USD – Daily Chart

From the chart, one of the catalysts for this move was the 14-day relative strength index (RSI), which rose above a ceiling at 42.00.

The index is now tracking at 44.66, with bitcoin reentering its own support point at $27,500, with bulls seemingly targeting $28,000 in the near term.

A big test will be what happens when the RSI reaches a ceiling at 48.00, should it move beyond this, not only will BTC be above $28,000, however, there is a good chance that it could hit $30,000 before the month’s end.

#feedfeverchallenge #crypto2023 #dyor #BNB #BTC

On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the transformative changes are set to revolutionize the blockchain’s ecosystem.

Bitcoin Cash Network Takes a Leap Forward With 4 New Ruleset Changes

At Bitcoin Cash block height 792,772, the network successfully upgraded the blockchain. The upgrade is more developer focused and average BCH users do not need to do anything. Only miners and full node operators need to upgrade their BCH software to be compatible with the ruleset changes. Over time, specific bitcoin cash (BCH) compatible wallets can upgrade as well and incorporate some of the new improvements like Cashtokens.

Today’s upgrade features four new elements which include: Cashtokens, Allow Transactions to be smaller in size, P2SH32, and Restrict Transaction Versions. The Allow Transactions ruleset changes “prevents a hash griding attack, where SPV wallets can confuse a 64-byte transaction for a merkle node,” according to a summary published by Coin Dance.

The “Pay-to-Script-Hash-32” (P2SH32) alteration serves as a long-term remedy against 80-bit P2SH collision attacks. The modification introduces an advanced address format exclusively designed for smart contracts, boasting enhanced cryptographic security measures.

With the introduction of the “Restrict Transaction Versions” modification, Coin Dance explains that transactions are now strictly limited to version numbers of either 1 or 2. Any blocks containing transactions that defy this rule will be swiftly invalidated.

The Cashtokens upgrade, eagerly awaited by the BCH community, promises a wealth of transformative features, making it a slightly more intricate enhancement. This highly anticipated upgrade is poised to usher in a multitude of advancements that will significantly elevate the capabilities of the network.

Bitcoin.com News spoke with software developer Jason Dreyzehner about Cashtokens on May 2, 2023, and he detailed the potential game-changing impact of Cashtokens CHIP for Bitcoin Cash. According to Dreyzehner, Cashtokens will offer censorship-resistant, low-fee digital assets that can represent physical assets and function as currencies, stablecoins, securities, and more.

Cashtokens offer a multitude of enticing benefits, such as empowering individuals to issue tokens representing a wide range of items. In addition, they bring smart contract functionality that rivals Ethereum but with an efficiency advantage of over 1,000 times in transactions and block validation.

The introduction of Cashtokens also paves the way for the development of low-fee, censorship-resistant prediction markets, while contract-issued commitments and non-fungible tokens (NFTs) open up exciting possibilities for decentralized applications (dapps). Amid the upgrade, bitcoin cash (BCH) is up 4% higher against the U.S. dollar on Monday morning.

#feedfeverchallenge #crypto2023 #dyor #BNB #BTC