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Can Binance survive and what to do in the all-out war with SEC[10 carefully selected books to read on Sunday]| CoinDesk JAPAN

Altszn.com by Altszn.com
June 19, 2023
in Bitcoin
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Can Binance survive and what to do in the all-out war with SEC[10 carefully selected books to read on Sunday]| CoinDesk JAPAN
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The SEC extends its reach beyond the United States by suing Binance, a thoroughly global company, and its high-profile CEO, Changpong Zhao, for offering unregistered securities, commingling client funds, and more. I’ve tried to prove that I’m doing it — from this week’s columns, analysis articles, interviews, etc., I carefully selected 10 books I want to read on Sunday.

Can Binance Survive?
Changpong Zhao CEO (CoinDesk)

After news broke that the U.S. Securities and Exchange Commission (SEC) was suing Binance, the world’s largest cryptocurrency exchange, CEO Changpeng Zhao (aka CZ) I reached out to Twitter. CZ’s first tweet, just the number “4,” was posted as SEC Chairman Gensler was preparing for several TV interviews.

Last week, the U.S. Securities and Exchange Commission (SEC) sued Binance and Coinbase, engulfing all three branches of the U.S. government in a power struggle, leaving the crypto industry out of the U.S. forever. The battle on the brink has begun to decide whether to withdraw to the future and the future of digital money.

Attention to the release of
Brad Garlinghouse CEO (CoinDesk)

The Hinman Papers have finally been released. Some believe the documents will play a key role in the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Ripple is being sued by the SEC for illegally selling $1.3 billion worth of XRP (XRP). The SEC considers XRP to be a “securities.”

SEC, All-Out War on Crypto Assets: What Should We Do?
Shutterstock

The U.S. Securities and Exchange Commission (SEC) has filed major lawsuits against the world’s and America’s largest cryptocurrency exchanges, Binance and Coinbase, for the second day in a row. While the two lawsuits have something in common, they also have some pretty big differences.

Exactly one year ago, the cryptocurrency market fell sharply, starting with Bitcoin (BTC) and Ethereum (ETH) (BTC). What has happened since then, and what is different this time?

The current environment for crypto assets bears a lot of similarities to a year ago when prices plummeted. But there are also fundamental differences, and the market appears to be in better shape than it was a year ago. Let’s look back.

Memecoin scam threatens the essence of Ethereum
Pepecoin with a frog motif (from Pepecoin’s Twitter)

The constant inflated price of worthless tokens threatens the reputation and existentiality of the Ethereum blockchain.

Blockchain x Bonds: Smart Bonds Solve Longstanding Challenges of Capital Markets
John McClane figurine played by Bruce Willis at Madame Tussauds in Hollywood (Shutterstock)

In the 1988 film Die Hard, a NYPD detective travels to Los Angeles to meet his estranged wife and attends her company party. In the meantime, terrorists occupy the building and take the partygoers hostage.

NFTfi—the latest technology that combines NFT and DeFi (decentralized finance)—is on the rise. NFTfi is a collective term for a range of tools aimed at providing broad utility and liquidity to NFTs, including NFT-backed loans, fractional tokens, and NFT rentals and lending.

[Explanation]Bitcoin NFT: Ordinal NFT mechanism and issuance procedure

NFTs are commonly known as tokens based on the Ethereum blockchain. However, recently, attention has been focused on “Bitcoin NFT”, which is also called “Ordinal NFT” and “Bitcoin Ordinals”.

|Text and editing: coindesk JAPAN editorial department
|Image: Shutterstock



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