Binance slams US crypto crackdown and makes bid for UK oversight Binance, the world’s largest cryptocurrency exchange, has said a crackdown on crypto has made it “very difficult” to do business in the US, adding that it now hopes to be regulated in the UK.To get more news about BINANCE, you can visit wikifx.com official website. Patrick Hillmann, the company’s chief strategy officer, said at the Financial Times’ crypto and digital assets summit that the US “has been very confusing over the past six months”. He pointed to the Securities and Exchange Commission’s actions against rival exchange Coinbase over alleged securities laws violations as a sign of how “the US right now is in this weird place”. In contrast with his comments that it was now a “very difficult time” to do business in the US, Hillmann said Binance would do “everything we possibly can” to be regulated in the UK. Binance had previously clashed with London regulators who said the exchange was incapable of being regulated after it failed to provide basic information about its business activity. The group has no fixed headquarters and offers services around the world. In 2021, the Financial Conduct Authority ordered the company to stop all regulated activities in Britain, and last year a joint venture partner said the company had filed a “grossly inaccurate” annual report for one of its UK subsidiaries. Hillman declined to confirm whether the company had reapplied to the FCA’s registration regime for crypto businesses, which covers companies’ processes to prevent money laundering and terrorism financing. Other groups have claimed that UK officials have been overly wary of fintech and crypto companies. This week, the head of payments company Revolut blamed “extra cautious” UK regulators for delays in gaining its banking licence. Binance has been the target of US regulators clamping down on perceived illicit activity this year. In March. the Commodity Futures Trading Commission brought a lawsuit against the group, alleging it had been operating illegally in the country and had broken the law by extensively soliciting US customers. At the time, Binance called the CFTC complaint “unexpected and disappointing”. The Department of Justice also named Binance as a counterparty to Bitzlato, a crypto exchange whose founder was charged with transmitting millions of illicit crypto funds in violation of US money-laundering regulations. Binance’s US affiliate, Binance US, last month abandoned a proposed $1bn deal for the assets belonging to Voyager Digital, a crypto lender that fell into bankruptcy last year. Hillmann said the “broader regulatory pivot we’ve seen in the US” was different from Binance’s discussions with the CFTC. However he played down the threat of US enforcement actions on the company and the industry, saying: “I expect at some point the US is going to want to pivot and play catch-up to Europe, which just passed Mica [the EU’s crypto asset regulation], which is a huge step forward.” The EU legislation is intended to provide a framework for regulating crypto assets in the bloc, so giving greater certainty to consumers and market participants. The Binance enforcement case is one of many brought by US regulators against some of the biggest companies in the crypto industry. Among them, Nasdaq-listed Coinbase is the focus of an SEC investigation into possible securities laws violation. Crypto payments company Ripple is also engaged in a long-running lawsuit brought by the SEC in 2020 alleging it violated securities laws.

Top 5 Books to Learn About Blockchain Innovative blockchain technology works without the need for a central authority. Blockchain is the underlying technological foundation of cryptocurrencies, such as Bitcoin and Ethereum. Dozens of leading financial firms, including Goldman Sachs (GS) and JPMorgan (JPM), are investing heavily in developing the technology. For people who want to learn more about blockchain technology and its applications, here are three of the best books on the subject.To get more news about learn blockchain, you can visit wikifx.com official website. Burniske and Tatar look at blockchain from a financial perspective, but they also cover key technological concepts along the way. "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" is written for investors, rather than programmers or Bitcoin enthusiasts. That keeps most of their explanations relevant and comprehensible. Burniske and Tatar start with the origins of Bitcoin during the 2008 financial crisis and cover the basics. They also explain the crucial differences between Bitcoin and broader blockchain technology. The book then goes into detail on the types of cryptoassets that have arisen, such as crypto tokens and crypto commodities. This book also goes far beyond most of the rest of the literature by attempting to define cryptoassets as an asset class. There is even a chapter that takes on the difficult task of developing a valuation framework for cryptoassets. While the market is still too young for any framework to be definitive, Burniske and Tatar deserve praise for laying the necessary foundations. Finally, they also deal with the practical details of blockchain investing. Blockchain wallets, cryptocurrency exchanges, and initial coin offerings (ICOs) are all covered. The father and son team of Don and Alex Tapscott have written "Blockchain Revolution" to explain the impact of cryptocurrencies. The fully open platform of blockchain technology will expand and transform what we can do online, the way we do it, and who can participate. According to the Tapscotts, blockchain technology will immensely improve the delivery of expanding financial services and the safeguarding of personal identity information. Blockchain also has benefits for business contracts and the development of the Internet of Things (IoT). The book also discusses the various ways that blockchain technology is changing the future of money, transactions, and business. Don Tapscott, also the author of "Wikinomics," and his son, Alex, an expert on the blockchain, carefully explain the technology. They see it as a simple but transformative protocol that enables financial transactions to be both anonymous and secure through the distributed ledger. The authors recognize that blockchain technology is still in its infancy. They do an excellent job of separating what the technology can actually deliver now from its vast potential for the future. Blockchain technology and Bitcoin are linked because blockchain made cryptocurrencies possible. This book offers the writings of the mysterious creator of Bitcoin, known as Satoshi Nakamoto. As of early 2020, the general public still did not know the true identity of Nakamoto. The Nakamoto persona has only a virtual existence, much like its cryptocurrency creation. The persona is present only in the online publications Nakamoto offered to explain Bitcoin during the earliest days of its introduction. The Book of Satoshi is a definitive collection of Nakamoto's essential writings, including the original paper detailing the idea of Bitcoin. The book also contains Nakamoto's explanation of how Bitcoin works and a chronologically organized collection of emails and online forum posts by Nakamoto. Antony Lewis, formerly of early cryptocurrency exchange itBit, has been an expert in the cryptocurrency and blockchain spaces for nearly a decade. In this book, Lewis clearly and concisely breaks down technical aspects of blockchain technology in a way that is digestible and understandable for those within and outside of the space. While this book also covers the fundamentals of cryptocurrencies as well, it is also a useful guide for those particularly interested in blockchain technology and its many applications.

5 Best Crypto Projects to Invest in 2023 With blockchain technology continuing to advance at a remarkable pace, crypto presales have established themselves as a strategic entry point for investors seeking to capitalize on the early stages of innovative crypto projects.To get more news about crypto projects, you can visit wikifx.com official website. By participating in presales, investors have the opportunity to contribute to the funding and development of promising ventures while securing tokens at preferential rates before their official release to the broader market. Crypto presales offer a unique avenue for investors to potentially generate returns while actively supporting the growth and success of emerging blockchain initiatives. As the cryptocurrency sector continues to evolve in 2023, a selection of five crypto projects has been curated, each exhibiting the potential to drive change in the crypto space. These projects are distinguished by their blend of inventive technology, social and environmental impact, and robust prospects for growth in the crypto space.ecoterra has swiftly risen to prominence, amassing over $3.3 million in its presale within a month. The driving force behind this success is the project's Recycle2Earn app, which has garnered significant attention from investors who recognize the dual potential for high returns and environmental impact. The Recycle2Earn app is the cornerstone of ecoterra's ecosystem, providing a system of incentives for those who recycle and incentivizing ecological impact actions. The app's ecosystem is built on three key components: a platform for the exchange of recycled materials, a dedicated marketplace for carbon offsets, and an impact profile feature that diligently monitors and documents the ecological contributions of its users. ecoterra's presale is currently in Stage 6, with only a limited number of tokens remaining at the price of $0.00776. As the countdown continues, anticipation builds for the forthcoming transition to Stage 7, where the token price is slated to rise to $0.0085. The project's alignment with the global mission to combat climate change has been a key factor in its rapid ascent. ecoterra's use of non-fungible tokens (NFTs) to represent milestone impact actions and its token income stream for renewable electricity generation are just a few of the innovative features that set it apart. The crypto community is eagerly anticipating the launch of ecoterra's beta app, scheduled to be released by the end of the year. As the project continues to forge partnerships with global brands and integrate them into its ecosystem, ecoterra is poised to become a trailblazer in the crypto circular economy.yPredict is an AI-driven trading and market intelligence platform that has recently launched a viral crypto presale. The presale has been met with enthusiasm, and yPredict is further bolstering its momentum with the announcement of a new ambassador program and a strategic partnership. yPredict's platform stands out for its use of artificial intelligence to provide crypto price predictions with institutional-grade accuracy. yPredict's recently launched AI Ambassador Program is designed to acknowledge and reward early investors who actively promote yPredict's vision on social media platforms. The ambassador program is expected to strengthen the sense of community among yPredict's supporters and investors.

NatWest limits cryptocurrency transfers over scam fears From Tuesday, customers will be able to transfer a maximum of £1,000 a day to such exchanges, and no more than £5,000 per month.To get more news about crypto exchange scams, you can visit wikifx.com official website. The bank says it is to protect customers from "crypto-criminals" seeking to scam them. Most cryptocurrencies are not regulated in the UK, but the government has set out regulatory plans for the industry. NatWest head of fraud protection Stuart Skinner said the bank had seen an increase in the number of scams linked to cryptocurrency, with UK consumers losing an estimated £329m from such criminal acts. He also gave advice to help people avoid being duped. "You should always have sole control of your cryptocurrency wallet and nobody else should have access," he said. "If you didn't set the wallet up yourself or can't access the money then this is likely to be a scam."In June 2021, NatWest introduced some daily caps on customers' transfers to crypto exchanges, with the limits varying in size depending on the platform in question. At the time, it cited concerns over investment scams and fraud. Benoit Marzouk, chief executive of BitcoinPoint, a crypto trading app registered with the Financial Conduct Authority (FCA), said the limits imposed by NatWest were too restrictive and did not address the problem itself. "Banks should instead focus on educating their users about the most common scams clients are falling victim to, typically the 'recovery of your funds' or demanding that you pay a withdrawal fee prior to the 'release of funds'," he told the BBC.NatWest's announcement comes the same day as crypto exchange Binance announced it was stopping people from depositing and withdrawing their cash in pounds sterling. Binance, which has more than 128 million customers, did not give details on the number of clients the move would impact. The company is working to find an "alternative solution" for sterling transfers, a Binance spokesperson said. The cessation of sterling transfers, first reported by crypto news outlet The Block, is the latest obstacle for Binance in accessing traditional currencies. Binance last month suspended all dollar bank transfers amid a growing crackdown on crypto by US authorities.

Israel seized Binance crypto accounts to 'thwart' Islamic State Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show.To get more news about BINANCE, you can visit wikifx.com official website. Israel's National Bureau for Counter Terror Financing (NBCTF) on Jan. 12 confiscated two Binance accounts and their contents, one of the documents on the NBCTF's website showed. The seizure was to "thwart the activity" of Islamic State and "impair its ability to further its goals," the NBCTF said on its website.The NBCTF document, which has not been previously reported, did not give any details on the value of the crypto seized, nor how the accounts were connected to Islamic State. Binance, the world's largest crypto exchange by trading volumes, did not respond to Reuters' calls and emails seeking comment before this article was published on Thursday.The exchange has been "working closely with international counter-terrorism authorities" on the seizures, Binance said. "With regard to the specific organizations mentioned in the article, it's important to clarify that bad actors don't register accounts under the names of their criminal enterprises," it said. Israel's defence ministry, which is responsible for the NBCTF, did not respond to Reuters requests for comment. Under Israeli law, the country's defence minister can order the seizure and confiscation of assets that the ministry deems related to terrorism. Regulators globally have long called for tighter controls on crypto exchanges to prevent illegal activities, from money laundering to the financing of terrorism. The seizures by Israel's NBCTF highlight how governments are targeting crypto companies in their efforts to prevent illegal activity.Binance, founded in 2017 by CEO Changpeng Zhao, says on its website it reviews information requests from governments and law enforcement agencies on a case-by-case basis, disclosing information as legally required. Binance has also said it checks users for connections to terrorism and has "continued to invest tremendous resources to enhance its compliance program," it told U.S. senators in March in response to their requests for information on Binance's regulatory compliance and finances. The exchange's policies and processes comply with European Union anti-money laundering and counter terrorism-financing requirements, Binance said in its blog on Thursday.Islamic State emerged in Syria after Iraq's civil war. At its 2014 peak, it controlled a third of Iraq and Syria, before being beaten back. Now forced underground, Islamic State militants continue to wage insurgent attacks. The U.S. Treasury said in a report last year that Islamic State had received crypto donations it later converted to cash, accessing funds via crypto trading platforms. The Treasury did not specify which platforms and declined to comment for this article. The owner of the two Islamic State-linked Binance accounts seized by Israel was a 28-year old Palestinian called Osama Abuobayda, the NBCTF document shows. Abuoyada did not respond to requests for comment via email addresses and a phone number listed in the NBCTF document. In a series of investigations last year, Reuters reported that Binance intentionally kept weak anti-money laundering controls. Since 2017, Binance has processed over $10 billion in payments for criminals and companies seeking to evade U.S. sanctions, Reuters reported. Binance disputed the articles, calling the illicit-fund calculations inaccurate and the descriptions of its compliance controls "outdated." Two men suspected by Germany of assisting an Islamist gunman who killed four people in Vienna in 2020 used Binance, a letter from German police to the company said. Islamic State later claimed responsibility for the attack.

How to Learn Blockchain (A Guide to the Skills You Need) Blockchain is among the most relevant and important technology topics due to a variety of factors — namely, its nearly unhackable framework and immutable, cryptographic data storage. While blockchain was originally built to support Bitcoin alone, it has since grown to address the rapid advancements in big data usage and value.To get more news about learn blockchain, you can visit wikifx.com official website. Due to its perceived complexity, blockchain can seem like a daunting technology to learn. However, with the right prerequisite skills, you can master this technology and pursue an exciting new career. Such competencies can be learned through a variety of educational options, including an immersive online fintech boot camp, a traditional college degree in an applicable field, or an independent learning path. Read on for a closer look at top blockchain skills, as well as the promising career paths through which they may be applied. These skills include: 1. Cybersecurity and Cryptography Blockchain is predicated on cybersecurity; it utilizes communal oversight and layered digital cryptography to protect data which makes it difficult to hack or otherwise manipulate. However, even though blockchain breaches are rare, they can have consequences if successfully achieved. Therefore, working knowledge of cybersecurity is a valuable skill when learning blockchain. Specifically, it is important to understand blockchain’s inherent characteristics as a distributed ledger technology (DLT), which is a technological system allowing for simultaneous open access and the immutable storage of data distributed across multiple entities. From a cybersecurity standpoint, this layout seems self-reliant and effective in mitigating threats, but as cyberattacks evolve, blockchain professionals of all walks must be constantly focused on supporting and maintaining a chain’s security integrity. Cryptography, or the code-based process of preventing unwanted parties from accessing data, is another important part of blockchain security development. Developers generally practice cryptography to protect and maintain a blockchain’s data, and in doing so, they tend to employ several different types of cryptography. These include public-key cryptography (a key-based authentication system used to validate blockchain transactions) and cryptographic hashing (an algorithmic method for securely linking a chain’s block’s through hash codes). Since cryptography is such a pivotal part of blockchain security, it is extremely valuable for hopeful developers to learn its applicable inner workings before proceeding further. 2. Computer Programming Like cybersecurity, computer programming is a broad but crucial part of prerequisite blockchain development knowledge. All web developers should have at least a working understanding of coding in different languages, and in blockchain development — such experience drives nearly every aspect of network communication and functionality. Blockchain developers use their coding skills to keep pace with network demands, properly manage data security and integrity, and maintain a high level of performance to ensure smooth transactions. 3. Data Structures Data structures are an integral part of blockchain development, as developers often work with numerous, differentiated structures and implement them in blockchain networks. A data structure is essentially any method of storing and organizing data and, in blockchain, this concept is particularly important because it can refer to the structure of a single block, a connection between two blocks, or the blockchain in its entirety. For instance, a blockchain’s basic data structure consists of backlinked blocks connected by identifying numeric codes (known as hashes and nonces), and this system is built to transport and house data in a secure, multifaceted manner, To hack this data, one would need to simultaneously breach all blocks in the same chain — an unfeasible (and nearly impossible) feat. Data structures serve as a natural foundation to higher-level blockchain knowledge. They represent the basic framework upon which all blockchain networks operate and are a strong gateway into more advanced topics within data storage, distribution, and defense. 4. Smart Contracts Smart contracts are self-executing agreements, with terms contained in lines of code, and nearly every blockchain solution and interaction makes use of them. In summary, these contracts allow two members of a blockchain network to exchange data without the use of a third-party intermediary — they are built to only successfully execute once their underlying conditions have been met by both involved parties. Since a large majority of blockchain data activity is transaction- and distribution-based, smart contracts consistently play a critical role in network fluidity and transparency. For this reason, aspiring blockchain developers should become familiar with them in order to fully understand their intended work environment.

Top AI Crypto Projects to Lookout for in 2023 The crypto industry is an ever-evolving market. Starting with Bitcoin, the crypto sector is now home to a myriad of digital tokens. Among the many digital tokens, AI cryptos have become a huge interest across the community.To get more news about crypto projects, you can visit wikifx.com official website. The convergence of two highly-advanced technology, blockchain and artificial intelligence(AI), resulted in the creation of AI cryptos. This allowed the community to benefit from both these technologies. One thing common among all these new crypto tokens is that they have made use of AI features. Most of the time, users reportedly would spend these AI cryptos for transaction purposes within the native blockchain network of those tokens. However, over time, individuals have pointed out the potential of AI crypto. With this new combined tech, AI crypto can create a dynamic environment while ensuring the transactions are automated and much faster. The Importance of AI Cryptocurrencies The world is filled with a huge amount of data, making it almost impossible for an individual to review all those information. With Artificial Intelligence, it can easily filter out all the unwanted data on the Internet and provide the best information to the users. AI technology has the ability to learn new information and data. Cryptos also makes use of another revolutionary tech. Blockchain technology has opened up the markets and created a trustless connection among individuals, reducing the control industries had on various sectors. By combining the features of both these technologies, AI crypto has started a new digital revolution. This technological wonder has branched across various industries and shown the utilities of these highly-advanced digital tokens. Our guide will provide a deeper insight into the technological wonders of Artificial Intelligence and blockchain. Without further ado, let’s take a look at the top 10 AI crypto projects in 2023.

New ‘Pig Butchering' Crypto Scam Stealing Millions From South Floridians A new crypto scam that the FBI says is one of the fastest-growing in the country is taking millions of dollars from people in South Florida.To get more news about crypto exchange scams, you can visit wikifx.com official website. The scam starts as a text or online message in what appears to be a misdialed number or confusion about the victim's identity. But these messages are far from accidental and is leaving people in debt, according to the FBI. Maybe you’ve received one of the messages, which starts by asking an innocent question like, "Hello is this John?" You reply, "sorry, wrong number" and that’s when the scammer works to develop a personal relationship with the victim, often sending photos and the like, before convincing them to invest in a cryptocurrency "opportunity."Their goal is to take everything," explained Supervisory Special Agent Zacharia Baldwin with the FBI Miami Financial Crime Squad. Baldwin has focused on financial crimes for his entire career with the FBI and he says this scam is growing faster than any other he’s seen in the past 15 years.It originated in Southeast Asia and is a combination of investment fraud with romance relationship fraud, Baldwin said. "As far as the scale of threat, this is definitely one of the top priorities just because of the widespread loss that we have seen and how it affects the community, particularly here in South Florida,” he said. There’s a lot of money in South Florida, which is what the crooks are looking for when they send a text. "Generally they will use just random names. It doesn't matter their name, they are just trying to get engagement," Baldwin explained. According to Baldwin, once you respond "wrong number," the scammer will try to continue the conversation, sometimes using animals to pull on your heartstrings. "'Oh, my puppy or my animal is sick. I’m trying to get a hold of the vet. You seem kind,'" Baldwin said is one example. The scammers sometimes will reach out on social media or dating sites. The FBI says once a relationship is established, the scammer eventually introduce the idea of trading in cryptocurrency. The scheme is so sophisticated that the scammers build websites made to look like legitimate trading platforms, send victims APPs to download onto their phones, or malicious smart contracts accessed through cryptocurrency wallet software, according to the Justice Department.Once victims make an initial “investment,” the platforms purport to show substantial gains. Sometimes, victims are even allowed to withdraw some of these initial gains to further gain trust in the scheme. It is not until a large investment is made that victims are locked out of their accounts and learn they've been scammed. “They will start talking about their life together, especially with the romance. 'Look, we made so much money, I can’t wait to live with you. Our life is going to be set,'" said Baldwin. "The things they talk about, it is heartbreaking. About the future for them, doing things for their family. They’re basically preying on these people’s dreams," he added. According to the FBI, victims lose anywhere between a few thousand dollars to millions. The average loss is around $50,000, according to the FBI. In 2022 alone, billions were reported lost to this scam.

Binance still has big growth plans despite crypto market meltdown Binance is expanding into new markets even as the crypto industry grapples with turmoil unleashed by the spectacular collapse of crypto exchange FTX.To get more news about BINANCE, you can visit wikifx.com official website. The world’s biggest cryptocurrency exchange has acquired Sakura Exchange BitCoin (SEBC), a crypto exchange registered in Japan, Binance said on its website Wednesday. The deal would allow Binance to enter the world’s third biggest economy as a regulated entity. The purchase of SEBC marks Binance’s first license in East Asia, the company said. It did not disclose the terms of the transaction. “We will actively work with regulators to develop our combined exchange in a compliant way for local users,” said Takeshi Chino, general manager of Binance Japan. “We are eager to help Japan take a leading role in crypto.” The acquisition comes at a time when the digital assets industry is struggling with the financial contagion unleashed by the fall of FTX. Last month, Binance founder and CEO Changpeng Zhao offered a lifeline to Sam Bankman-Fried, the founder of FTX, who was once one of the most respected leaders in the industry. But Binance almost immediately pulled out, saying that after reviewing FTX’s finances it had concluded that the company’s problems were “beyond our control or ability to help.” The deal quickly fell apart, paving the way for FTX’s bankruptcy filing and the resignation of Bankman-Fried. Zhao later announced that to mitigate any further damage from the collapse of FTX, his team would establish “an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis.” In a virtual appearance the New York Times’ DealBook Summit in New York on Wednesday, Bankman-Fried said he “didn’t ever try to commit fraud on anyone,” while admitting that he “screwed up.” “There are things I would do anything to do over again,” the 30-year old said. “I was shocked by what happened this month.”

Crypto Markets On Edge: Top 6 Events To Watch This Week The cryptocurrency market is currently in a state of flux as it faces mounting regulatory scrutiny from the SEC, with Bitcoin and Ethereum experiencing significant weekly declines. To get more news about crypto events, you can visit wikifx.com official website. However, crypto investors and enthusiasts alike are eagerly anticipating key events this week that have the potential to sway the market in a new direction. The release of consumer confidence data can provide valuable insights into the general sentiment of consumers in the economy. High consumer confidence can indicate favorable economic conditions and potentially lead to increased investment in cryptocurrencies as a result. Conversely, low consumer confidence can signal economic uncertainty and may lead to a bearish crypto market. New Home Sales Data New home sales data can serve as an indicator of the health of the housing market and the overall U.S. economy. Strong new home sales figures could signify a growing economy, positively impacting the crypto market. However, weak sales numbers could dampen market sentiment and lead to a downward trend in cryptocurrency prices. Q1 2023 GDP Data The Q1 2023 GDP data release can provide a snapshot of the overall economic growth during the year’s first quarter. A robust GDP growth rate can positively influence the cryptocurrency market, suggesting a strong and growing economy. On the other hand, a weak GDP growth rate might contribute to a bearish crypto market, as investors may seek safer investment options. Earnings reports from a large portion of S&P 500 companies can provide a broader view of the financial health of major corporations. Strong earnings across the board can contribute to a positive market sentiment and potentially boost cryptocurrency prices, while weaker earnings could lead to market uncertainty and a negative impact on the crypto market. PCE inflation data can shed light on price changes for personal consumption expenditures, impacting the consumer behavior and the overall economy. High inflation figures might lead to increased interest in cryptocurrencies as a hedge against inflation. In contrast, low inflation numbers could signal a stable economy and potentially lead to decreased interest in digital assets. Mega-cap Tech Report Earnings Earnings reports from mega-cap tech companies can significantly impact the stock market and, in turn, the crypto market. Positive earnings results could lead to increased investor confidence and a bullish crypto market, while disappointing earnings may result in a bearish market trend.