#will

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.

More than $100 million will be set aside to assist developers who use AI in blockchain applications. TRON is offering grants to teams representing the following areas: • e-commerce; • currency settlement; • data management; • market and investment analysis; • content generation. Content generation? But everyone is aware that Gagarin News is the leader in content generation! Therefore, even if Justin Sun gives us $20 million, we won't vanish!

While crypto-fans are actively playing with the new AI toy for coin predictions, the tech giant announced the launch of its own chat AI service Bard. The AI will be integrated in the search engine after the testing phase. As for the future, Google plans to create a set of tools and API interfaces for various apps. Microsoft and the Chinese company Baidu will also join the race and present their artificial intelligence bots.

More than 40 blockchain companies have offered the Turkish authorities to create an official crypto wallet to accept donations for the victims of the devastating earthquake. Today about 2 thousand people died due to earthquakes in Turkey and Syria. The death toll is expected to rise as hundreds of buildings have been completely destroyed. Cryptocurrency communities always respond instantly to such humanitarian crises. Yes, Ukraine received a lot of donations immediately after the "gas-station" country attack. Turkey, hang in there!

A rehab center for crypto addicts was opened on the island of Mallorca. The month bill for treatment in a private villa is $75,000 and includes: 📌 group therapy sessions 📌 butler services 📌 personal chef 📌 yoga and massage 📌 spa salon The flow of FOMO sufferers seems to be endless. So we guess, the Swiss company The Balance, which launched the project, will come out on the right side.

Over the last day, Voyager Digital transferred assets worth approximately $9.6 million to Coinbase, Binance US, and Kraken, including 4.9 million VGX, 221,000 LINK, 3,050 ETH, and 270 billion SHIB. Another interesting fact: one of the addresses has 6.8 trillion SHIB, putting it in 18th place among the largest owners of the meme coins after the transfer. We've got a riddle for you: you're broke, you need money, the enemy is nearby, so you transfer 270 billion coins to the exchange. Is it for a far-off journey or an inheritance?

The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler! The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States. The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple?

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.

A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions. 📌No Signal and other apps with disappearing or hidden chat features 📌Ban on contacting FTX or Alameda employees 📌Communication is allowed only in the presence of counsel How will Sam now send some meaningful messages under the watchful eye of the accusing party's lawyer? Does he know any secret language? We'll see soon enough.

Tulip Trading's lawsuit against 16 BTC developers will be heard in a London court, according to the UK Court of Appeal. If that isn not enough, consider that the plaintiff is Craig Wright, a computer scientist who claims to be Satoshi Nakamoto. And the Bitcoin community constantly criticizes him for this. A Norwegian court ruled in October of last year that Wright had lied in an effort to support his claims of authorship of BTC.

That’s not the first (or even tenth) case of YouTube stars and professional sportsmen being accused of promoting scam projects. Pro wrestler Logan Paul couldn't slide out of the strong arm of the law, either. He was named in a class-action suit from the CryptoZoo investors, alleging the project to be a typical Rug Pull. Paul was one of the founders of that fraudulent venture, so the plaintiffs have a pretty good chance to receive the compensation. Previously, we’ve published a complete guide to crypto analysis. Always remember to DYOR!

Lending protocol Everlend Finance has announced that it has ceased operations. The reason is simple: a lack of liquidity. The codebase is left open-sourced by the developers so that others can continue working on the project. However, the team also maintains that Everlend is a fantastic product that will eventually be very convenient, and that Solana is the most effective network for its implementation. The app is now in withdrawal-only mode