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Binance CEO Changpeng “CZ” Zhao has denied a report that the company is considering cutting ties with United States business partners. Binance has been the object of increasing scrutiny from U.S. regulators in recent weeks.Bloomberg reported on Feb. 17 that Binance Holdings “is looking at whether to sever ties with intermediary firms such as banks and services firms and is reassessing venture-capital investments in the US,” citing an unnamed source. The source added that tokens from U.S.-based projects, such as Circle’s USD Coin (USDC), may be delisted. On the same day, in response to a report on the Bloomberg story, CZ tweeted…

The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media.In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through social media channels without disclosing he had received payment for the promotion and made “false and misleading statements” regarding the project. According to the SEC, promoters paid the former NBA star $244,000 worth of EMAX in addition to him posting messages allegedly showing misleading information about profits on Twitter.The financial regulator has previously targeted celebrities promoting EthereumMax tokens. The SEC…

In a year of crypto upheavals, the United States Securities and Exchange Commission’s settlement with crypto exchange Kraken, announced on Feb. 9, set off yet another tremor. Agency chief Gary Gensler took to mainstream media last week to explain the agency’s action, which seemed to be an attack on crypto staking — part of the validation mechanism used by a number of blockchain platforms, including Ethereum, the world’s second-largest network. The immediate issue, in the agency’s view, was that Kraken had been selling unregistered investment products. Indeed, it was advertising big returns on staking crypto — up to 21%, Gensler told…

NFT It appears the logo of the Yuga Labs-owned Bored Ape Kennel Club (BAKC) NFT collection was used without a license or the permission of its artist. First noticed by an eagle-eyed Twitter user on Friday, the likeness was then acknowledged by both the image’s original creator, Easy Drawing Tutorial, and Yuga Labs co-founder Greg Solano (“Gargamel” before his identity was revealed one year ago.) Thanks for bringing this up @Jdotcolombo. @yugalabs doesn’t have a license to the wolf skull drawing. The intellectual property rights for the drawing belong to Easy Drawing Guides as it’s our original drawing and protected…

The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.Russia’s central bank is set to soon debut the first real-world digital ruble transactions involving 13 local banks and several merchants, first deputy governor Olga Skorobogatova said.The official noted that the upcoming CBDC pilot will involve real operations and real consumers in Russia but will be limited to a certain number of transactions and customers, the local news agency TASS reported.“We plan to launch the digital ruble project on April 1, with transactions involving individual transfers…

Another alpha arrives soon! This one from the sci-fi themed, TCG, Parallel. Though only open to those who receive invites, early access applications for Parallel are open to everyone. Parallel has been steadily dropping new packs every few months. And now, at last, collectors can see those cards in action during the early access, closed alpha! Players can apply for early access at https://parallel.life/earlyaccess/ . The Parallel team has said that email invites will start going out on February 22nd, for the planned alpha launch date on February 28th. The specs for playing the alpha are pretty minimal. Windows 7+,…

NFT According to a new report by digital asset analytics firm eBit labs, NFT lending hit a record month in January, returning to numbers not seen since the sector’s previous all-time high in May 2022. The report used on-chain data of loans backed by Bored Ape Yacht Club (BAYC) and examined BAYCs according to loan price, duration, liquidation value, and marketplace dominance. Furthermore, eBit labs discovered that the amount borrowed in Jan. 2023 had returned to peaks not seen since May 2022. For the first time in more than nine months, weekly loan volume totaled more than 6,000 ETH in…

NFT Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share In the past week, sales of non-fungible tokens (NFTs) have surged, rising more than 43% higher than the previous week, according to statistics from cryptoslam.io. NFT sales totaled $397.86 million this week, with the number of buyers increasing by…

Japan, a nation where foreign stablecoins like Tether (USDT) are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem. On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida at a CBDC committee meeting. In it, Uchida announces that the Bank decided to launch a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021. The pilot test will continue the work on the technical feasibility of “digital…

Though it’s already been open for a couple of weeks now, there is still time to join the testnet alpha for Nekoverse and earn rewards before they move to a launch on the mainnet! This cat-themed, turn-based strategy game offers a couple of different ways to play and earn! The latest playtest for Nekoverse launched on February 1st, 2023. This is the final testnet publish before Nekoverse is ready to move to the mainnet. This test version is available for anyone to download and includes both Android and iOS versions. But, they are only giving players access to this test…