The Intrinsic Logic of Web3 Digital Luxury
Why are assets like Punks, Squiggles, and Opepen valuable?
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Why are assets like Punks, Squiggles, and Opepen valuable?
Samson Mow, the CEO of JAN3 and a prominent Bitcoin advocate, forecasts a substantial supply shock in the coming days, potentially driving Bitcoin's price to $1 million within a short timeframe. The prediction is based on the demand generated by recently approved Bitcoin ETFs and ongoing market adjustments.
Since 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
Binance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
Binance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
Metis, an Ethereum layer-2 platform, warns users not to buy METIS on the BNB Blockchain days after the PolyNetwork was hacked and $5.5 million of assets stolen.
Today, crypto is dominated by a handful of trading, lending, staking, and other financial intermediaries.
After the transition, some of the notable challenges likely to emerge will be the inability of users to process the new chain since the software will still be new.
Creditors have until September 15 to make or transfer a claim.
Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022.