Platform Financial News

Consider what it means to be a sports organization in 2023. 

Bitcoin has made a significant move by breaking above the crucial resistance level of $27,000. 

Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers.

Saturday, 3rd June - One of 2023’s most exciting green crypto projects just hit a huge milestone in its fundraising efforts. 

The Russian megabank Rosbank says it has launched a “cross-border crypto payments” pilot.

In an increasingly unpredictable cryptocurrency market, meme coins are establishing their foothold.

The Securities and Exchange Commission has sued crypto trading platform Binance and its founder Zhao Chanpeng over more than a dozen charges, including misusing customer funds.

The crypto market experienced a shockwave as the US Securities and Exchange Commission (SEC) recently filed a lawsuit against Binance, the world's largest cryptocurrency exchange, naming Cardano (ADA) as an unregistered security - shifting the Cardano price prediction over night.

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Developed to address multiple use cases including wholesale and retail CBDCs on a private ledger or issuing a stablecoin, the Ripple platform comprises ledger technology, issuer capabilities for minting, distribution, redemption and destruction of tokens, inter-institutional settlement and distribution functions, and end-user wallets. Ripple is currently engaged in CBDC and stablecoin pilots with the Republic of Palau, the Central Bank of Montenegro and the Royal Monetary Authority of Bhutan.

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The price of XRP has risen by 2% in the past 24 hours, with its ascent to $0.536380 coming as the cryptocurrency market as a whole dips by 1%.

The DeFi revolution is transforming our financial landscape and empowering everyday people to take back control over their assets. However, the skill level necessary to practice DeFi successfully remains an obstacle to mass adoption. To overcome this roadblock and help grow decentralized finance, we need more DeFi aggregation services.

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Among other things, the SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted from transacting on the firm's international exchange, in reality they "subverted their own controls" to skirt this rule.Further, the SEC alleges that, while Zhao and Binance publicly claimed that the company's US exchange was created as a separate, independent trading platform for US investors, they secretly controlled Binance.US operations behind the scenes.According to the SEC, Zhao and Binance have been able to commingle customer assets or divert customer assets as they please, including to an entity Zhao owned and controlled called Sigma Chain. SEC chair Gary Gensler says: "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law."As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied.

Step into the future of trading with yPredict, a new crypto platform that combines the power of AI with the dynamism of the blockchain. 

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The Russian P2P (peer-to-peer) crypto market is growing at a rapid pace, with a report claiming vendors can access “$296 million” worth of trades per day.

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Solana-based liquidity staking derivative (LSD) coin Marinade ($MNDE) is up 160% in a continuing weekend pump as general interest in the LSD complex grows. 

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