#tokens

Markus Thielen, Head of Research at Matrixport, believes that the SEC is not targeting stablecoins. The charge against Paxos is indirect. The regulators are planning an attack on Binance, which stored customer funds in the same wallet with its collateral for some in-house tokens. The regulations require that exchanges' corporate assets must be recorded in separate accounts and cannot form part of the proof-of-reserves calculations. That's simple: Binance cannot confirm its BUSD reserves. Paxos Trust Company, which is the only issuer of the exchange's stablecoin, serves as a witness in this case, not a defendant. Has CZ fallen into curly-haired Sam’s trap by mixing up customers' wallets with his own? We find it hard to believe. Hopefully, his accounting skills are way better.

Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX's debts. Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.

To allegedly receive free SHIBs, users were asked to follow a phishing link. After that, scammers connected to the victim's crypto wallet and withdrew all funds. Suspicions arose in the r/CryptoCurrency subreddit. Community members began spreading information about phishing so that others won't become scam victims. They called it the biggest scam ever to hit Reddit. If you have already clicked on such a link, urgently move your coins and tokens to another wallet. And remember, if a deal looks too good to be true, you're probably in the thick of it.

Conor Grogan, Head of Product Business Operations at Coinbase, called attention to dubious transactions carried out by anonymous wallets that were purchasing tokens minutes before Binance listing announcements and selling them during the pump. The purchase of Rar, ERN, TORN, and RAMP tokens are examples of such transactions. A $100,000 to $900,000 worth of transactions were made. The "trader" earned several million dollars over the course of several transactions. Grogan speculated that it could be either a rogue employee or a trader who might have access to the losing API. Editors' note: don't make it up! Ukrainian deputy Oleh Liashko won the lottery three times and took home the grand prize each time. It's just luck, a strong instinct, and a desire for victory!

This time the SEC hits the crypto exchange Kraken over a possible violation of the Securities Act. Incoming CEO Dave Ripley has refused to delist tokens determined as securities under the Howey test and is now having troubles with the SEC. This case may be settled in the coming days and will make a decisive difference for the entire crypto community. It is also rumored that the SEC intends to ban retail staking. Genesis and Gemini keep their fingers crossed, as they have already stepped into Kraken's shoes once before.

Hivemapper has finished beta testing a recorder that can be used to earn Honey tokens for contributing to the development of a decentralized global mapping. The technology is simple: 📌 You get paid for videos of routes you plot on maps. 📌Others buy these videos if they suffer from complete lack of sense of direction. 📌Founders of the project make money by selling its car recorders at the cost of an airplane wing. We once joked that people would soon start mining with kettles. And we were right, though wrong about the device. - Patrick, Move-to-Earn is off the table! - If not M2E, then what? - Drive-to-Earn.

Robinhood released the beta version of Robinhood Wallet in September to 10,000 users who joined the waitlist. The wallet is now available to 1 million waitlisted customers. Robinhood Wallet is more than just a wallet. It's a full-fledged app allowing to trade tokens and view NFTs. It provides access to additional Web3 features like connecting to dApps and NFT marketplaces on Ethereum and Polygon.