Binance Halts USD Bank Transfers, But Crypto Remains Unaffected

Binance Temporarily Halts USD Bank Transfers

  • Binance, the largest cryptocurrency exchange by daily traded volume and one of the most regulated firms worldwide, will temporarily halt all USD bank transfers.
  • The move is due to increasing regulatory pressures from global governments as a result of recent crypto-market implosions.
  • Despite this suspension, Binance still offers an operational Visa card that can be used in 12 countries.

Impact on Users

The suspension of USD transfers will only affect a small portion of the userbase. Other methods such as buying and selling cryptocurrency remain unaffected. Binance has also advised its EU and Asian customers to remain calm as business continues as usual.

Regulatory Pressure on Crypto Market

This halt is likely due to increasing pressure from global regulators who are looking for ways to control the crypto market following recent implosions at FTX and Alameda which affected millions of individuals around the world. The US Federal Reserve’s inflation control measures are expected to have an effect on the entire crypto market.

Binance Visa Card

Binance offers an operational Visa card which is available in 12 countries and typically takes 45 days to be shipped depending on destination. This provides users with an alternative method for purchasing or selling cryptocurrencies without being impacted by current suspensions or regulations.

Conclusion

Despite the temporary suspension of USD transfers, Binance remains committed to providing customers with safe and secure services. With its operational Visa card, users can continue trading cryptocurrencies without disruption while global regulators continue their efforts towards controlling the crypto-market.

Orbeon Protocol (ORBN) Skyrockets 1400%, Analysts Optimistic About Future.

• Orbeon Protocol (ORBN) has skyrocketed 1400% in the presale.
• OKB (OKB) and Solana (SOL) have both experienced significant losses in value.
• Market analysts believe that the price of ORBN will continue to rise.

The crypto market has been in a volatile period in recent times, with some coins experiencing significant losses while others have been making substantial gains. One such coin that has seen an especially huge gain is Orbeon Protocol (ORBN), which has rocketed 1400% in the fourth phase of its presale. This is a huge gain and it has investors optimistic about the future of the coin.

Meanwhile, two coins that have seen significant drops in value recently are OKB (OKB) and Solana (SOL). OKB (OKB) is the native coin of the OKX trading platform, one of the most popular places to buy and sell cryptocurrencies today. The OK Blockchain Foundation owns the OKB coin, which is an Ethereum chain ERC-20 token. OKB (OKB) is used in and out of the OKX exchange for many different things, such as determining and paying exchange fees. In addition, OKB (OKB) also gives its owners the right to vote and rewards are given for staking. OKB (OKB) had a good start to the year, but it has lost its footing in recent times and is trading at $35.87, which is less than its all-time high.

Solana (SOL) is an open-source project that uses the permissionless nature of blockchain technology to offer decentralized financial services. Even though work on Solana (SOL) began in 2017, the Solana (SOL) Foundation was only established in 2019. The project is backed by some of the most well-known names in the industry and is looking to revolutionize the way that financial services are accessed and used. Despite the optimism surrounding the project, Solana (SOL)’s price has been going down recently and is currently trading at $36.91.

Overall, the crypto market is in a volatile period with some coins experiencing significant losses while others have been making substantial gains. Orbeon Protocol (ORBN) has seen a significant spike in value, while OKB (OKB) and Solana (SOL) have both experienced losses. Market analysts are optimistic about the future of ORBN, and believe that its price will continue to rise in the coming months.

Cardano Hard Fork To Boost Interoperability, ADA Price

• The Cardano hard fork in February will bring support to ECDSA and Schnorr cryptographic signatures for Plutus, the smart contract programming language for Cardano blockchain.
• This upgrade will increase Cardano’s interoperability with Bitcoin, Ethereum, and other blockchains, enabling secure cross-chain DApp development.
• The hard-fork is expected to have a bullish impact on the price of ADA.

The Cardano blockchain is set to undergo another hard-fork event in February of 2023 with the aim of increasing its interoperability with Bitcoin, Ethereum, and other blockchains. Specifically, the upgrade will bring support to ECDSA and Schnorr cryptographic signatures for Plutus, the smart contract programming language for Cardano.

The addition of these two cryptographic signature techniques will make it much easier for developers to build cross-chain applications. ECDSA and Schnorr signatures are employed by multiple blockchains, including Bitcoin and Ethereum, whereas Cardano utilizes the fast, safe, and compact Edwards-curve Digital Signature Algorithm (EdDSA). However, this signature is incompatible with ECDSA and Schnorr signatures, thus necessitating the need for the upcoming upgrade.

The Cardano hard-fork will greatly simplify the process for developers to collaborate with other blockchains and ensure the highest level of security. This will be achieved by introducing new built-in features that Plutus will offer. The new features will enable developers to create and verify ECDSA and Schnorr cryptographic signatures with ease. This will provide a secure environment for cross-chain DApp development, allowing users to move their digital assets from one blockchain to another.

The upcoming upgrade is expected to have a positive impact on the price of ADA, the native token of Cardano. This is due to the increased utility of the blockchain and the improved user experience it will bring to developers. Moreover, the hard-fork event will also open up Cardano to new markets and increase its reach.

All in all, Cardano’s hard-fork event in February is set to vastly improve the blockchain’s interoperability with other blockchains. This will allow developers to create secure cross-chain applications while also providing a boost to the price of ADA.

LBank Exchange to List Speed Service Mobility (SSM) on Jan 27, 2023

• LBank Exchange will be listing Speed Service Mobility (SSM) on January 27, 2023
• Speed Service Mobility (SSM) is a project that aims to revolutionize the Electric Vehicle (EV) industry
• The SSM/USDT trading pair will be available for trading on LBank Exchange at 7:00 UTC on January 27, 2023

LBank Exchange, a global digital asset trading platform, is set to list Speed Service Mobility (SSM) on January 27, 2023. This listing is part of the project’s vision to revolutionize the Electric Vehicle (EV) industry with the use of blockchain technology, and will enable users to trade with the SSM/USDT trading pair from 7:00 UTC on January 27, 2023.

Speed Service Mobility (SSM) is a project that seeks to solve the problem of the shortage of EV chargers by applying the SSM platform to existing personal chargers and developing easy-to-use shared chargers that individuals can install and operate themselves. It also seeks to prevent excessive occupation and monopoly use of chargers by offering monetary compensation or royalties based on token economics. In addition, the chargers operated and managed by different charging operators can be linked with each other, allowing for a seamless and efficient integration of services in the EV ecosystem.

The SSM token is an important part of the project, and its listing on LBank Exchange will make it more widely available and open up new opportunities for users to participate in the EV industry. It will also make it easier for users to access and use the various services offered by the SSM platform.

The listing of the SSM token on LBank Exchange marks an important milestone for the project and is a major step forward for the EV industry as a whole. With the listing, users of LBank Exchange will now have access to the innovative services of the SSM platform and be able to trade with the SSM/USDT trading pair from 7:00 UTC on January 27, 2023.

Play Fun Games and Earn Rewards with $MEMAG – The Meta Masters Guild!

• Meta Masters Guild (MEMAG) is a new mobile gaming guild, with a native token $MEMAG, now on presale.
• The ecosystem has allocated 35% of its 1 billion tokens to the presale, and 10% of the capped supply is allocated to exchange liquidity.
• The primary focus of the platform is to create a play and earn ecosystem that enables players to enjoy fun games while earning reward tokens for participation and victory.

Meta Masters Guild (MEMAG) is a revolutionary new mobile gaming guild that is launching an exciting presale of its native token $MEMAG. It is a high-quality gaming ecosystem that rewards its community members for victories and participation. The ecosystem has allocated a total of 1 billion tokens, with 35% of these tokens going to the presale. Of the capped supply, 10% of the tokens will be allocated to exchange liquidity.

The primary focus of Meta Masters Guild is to create a play and earn ecosystem that enables players to enjoy fun games while earning reward tokens for participation and victory. This is a departure from the typical play-to-earn games, which tend to peak quickly because of hype, and then gamers lose interest because of a lack of entertainment. With MMG, the goal is to change the dynamic by providing a platform that offers sustainable gaming that keeps gamers coming back.

The games hosted on the platform will issue in-game rewards known as Gems. These Gems can be converted into $MEMAG tokens and cashed out into the best altcoins such as Ethereum, or even reinvested back into the ecosystem. Players will truly own all the in-game assets they receive as rewards. Reinvestment options include using the tokens to purchase in-game items, enter tournaments, receive discounts, and even stake them for additional rewards.

Meta Masters Guild is a revolutionary platform that offers a unique gaming experience that is both entertaining and rewarding. Investors who buy the tokens now will own an asset that increases in value as it enters the different stages of its presale. It is the perfect opportunity for gamers and investors alike to get involved and benefit from the rewards of the Meta Masters Guild ecosystem.

Nigeria Bans Cash Withdrawal to Fight Illicit Activities

•The Nigerian government will be banning cash withdrawals from government accounts from March 1.
•This move is in an effort to tackle illicit activities and cut off financial support from terrorist extremists.
•The Central Bank of Nigeria has already limited weekly over-the-counter cash withdrawals and ATM withdrawals to certain limits.

The Nigerian government is taking action to tackle illicit activities and cut off financial support from terrorist extremists by banning cash withdrawals from government accounts as of March 1. This move is part of the country’s push to digitize its economy, and comes just a week after the country is set to conduct a presidential election. The Central Bank of Nigeria has already limited weekly over-the-counter cash withdrawals to 100,000 nairas ($225) for individuals and 500,000 nairas ($1,124) for corporations, and ATM withdrawals to $45 per day, with denominations of 1,000 nairas ($2.25) and 500 nairas ($1.10) not available on cash vending machines from January.

In an effort to tackle illicit activities and financial support from terrorist groups, the Nigerian Financial Intelligence Unit Chief Executive Modibbo Tukur has indicated that the government is taking measures to investigate any cash withdrawals from government accounts. He stated that “On March 1, if there is a cash withdrawal from a government account, even if it is one naira, we are going to trigger off money laundering and corruption investigations.” This ban on cash withdrawals is a drastic move, but one that is necessary for the country to move forward.

With millions of Nigerians living in poverty, Bitcoin and Cardano have been offering a glimmer of hope for those who are locked out of the banking industry. Following the successful deployment of the digital Naira, the Nigerian government is now pushing its economy toward cryptographic payments. This ban on cash withdrawals is a step in the right direction, and the country can only hope that the new measures will be effective in combating illicit activities.

Cryptosat Launches Crypto2 Satellite with 30x More Power via SpaceX Mission

• Cryptosat launched its second satellite, Crypto2, into space on SpaceX’s Transporter 6 mission on Jan. 3.
• The satellite is equipped with 30x more computational power than its predecessor, Crypto2, which launched in May 2022.
• Crypto2 will significantly expand the number of clients Cryptosat can serve simultaneously.

On January 3rd, 2023, Cryptosat’s second satellite Crypto2 was launched into space via SpaceX’s Transporter 6 mission. This marks an important milestone for Cryptosat, a company that builds satellites that power cryptographic, blockchain, and ledger applications. Crypto2 was part of the mission’s 114 payloads sent by operators in 23 countries and marks SpaceX’s first orbital launch of the year.

Crypto2 is equipped with 30x more computational power than the first satellite, Crypto2, which was launched in May 2022. This increase in computational power allows the satellite to serve more clients simultaneously, allowing for a much more efficient and productive workflow. Cryptosat’s co-founder Yonatan Winetraub said, “The launch of Crypto2 is a milestone toward infrastructure expansion from a single satellite in 2022. The launch of Crypto2 gives us more availability and more powerful spec to support the growing portfolio of use cases in our development pipeline.”

The launch of Crypto2 into space is also a testament to Elon Musk’s enterprises, SpaceX and Tesla, which have been integral in fostering the adoption of cryptocurrency and blockchain technology. The launch of Crypto2 allows for a greater number of individuals to take advantage of the opportunities presented by the use of cryptocurrency and blockchain technology.

Cryptosat is confident that with Crypto2’s increased computational power, they can provide the best possible service to their clients and allow for a much more efficient use of cryptocurrency and blockchain technology. The launch of Crypto2 is a major step forward for Cryptosat in their mission to make widespread use of cryptocurrency and blockchain technology accessible and easy.

ANC Pharmacy Enables Crypto Payments in 1000+ Outlets with Binance Partnership

• ANC Pharmacy, a Ukrainian pharmacy chain, has partnered with Binance to enable crypto payments in its over 1000 outlets.
• Binance Pay will be used to facilitate the payments, with Kyiv outlets being the first to roll out the feature.
• The partnership marks a major milestone for cryptocurrency payments in Europe.

The world’s largest cryptocurrency exchange, Binance, has announced a partnership with Ukrainian pharmacy chain ANC Pharmacy. This partnership marks a major milestone for cryptocurrency payments in Europe, as ANC Pharmacy is the first pharmacy to accept crypto payments in the region.

The partnership will allow ANC customers to pay for orders using Binance’s Binance Pay service. Initially, the payment option will be rolled out to ANC’s outlet in Kyiv, before gradually being made available to the chain’s more than 1000 other outlets in the country. ANC Pharmacy-operated pharmacy stores like Kopiyka and Shara will also integrate the feature over the coming days.

In order to use the crypto payment option, customers need to have a Binance account. Once they have an account, they can select Binance Pay to complete payments for orders made on the pharmacy’s website, before proceeding to pick up their order at a convenient outlet.

The partnership is Binance’s latest move to expand its presence in the Ukrainian market. In April, the blockchain infrastructure company launched its Binance Ukraine subsidiary, with the aim of providing digital asset trading and other services to customers in the country. The move was part of Binance’s efforts to increase its presence in the European market and expand its services.

ANC Pharmacy’s move to integrate crypto payments is seen as a major step forward for cryptocurrency adoption in Europe. The feature has the potential to encourage the use of digital payments and open the door to wider crypto adoption in the region. It also highlights the growing acceptance of cryptocurrencies by companies and businesses, as more and more institutions are choosing to embrace digital assets.

Record-Breaking Year for Ethereum Name Service (ENS) as 2.2 Million+ .eth Domain Names Registered

• Ethereum Name Service (ENS) had a record-setting year in 2022 with over 2.2 million .eth domain name registrations.
• The success of the protocol has driven Ethereum adoption and ETH burning.
• ENS recorded its highest number of new ‚.eth‘ name registrations in September 2022, with 437,365 domain name registrations and 31,379 primary names registered in May 2022.

Ethereum Name Service (ENS) had a record-breaking year in 2022 with over 2.2 million .eth domain name registrations. This was a significant milestone for the protocol, which has been growing steadily since its launch in 2017. The success of the protocol has been instrumental in driving Ethereum adoption and ETH burning, as more users flock to the platform to take advantage of the decentralized naming system.

The month of September 2022 was particularly successful for ENS, as it recorded 437,365 .eth domain name registrations that month. This was a major increase compared to previous months, and was largely attributed to the gas fee drops that Ethereum experienced during that time. Additionally, May 2022 saw the highest number of primary name registrations, with 31,379 primary names registered that month.

The success of ENS has also driven the sale of some of the most expensive .eth domain names. In Sept. 2022, pjfi.eth domain was sold for 350 ETH, worth $463,200 at the time. This was the highest-priced .eth domain name ever sold. Additionally, the ENS protocol also saw a number of major partnerships throughout the year, with Coinbase being one of the first major companies to join forces with the protocol in Sept. 2022.

Overall, the growth of ENS has been instrumental in driving Ethereum adoption and ETH burning. The ability to translate cumbersome Ethereum addresses into memorable names has been a major asset for the protocol, and the increasing number of .eth domain name registrations indicates that the protocol is only going to continue to grow. As more users flock to the platform to take advantage of the decentralized naming system, it is likely that we will see even more growth in the number of .eth domain name registrations in the coming years.

Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to 8 Charges, Faces 115 Years in Prison

• Sam Bankman-Fried (SBF), the former CEO of FTX, has pleaded not guilty to the 8 charges leveled against him at a Jan. 3 hearing in Manhattan federal court.
• If convicted, SBF could face up to 115 years imprisonment. Prosecutors have stated that SBF and FTX defrauded customers and laundered money through political donations and venture investments.
• The trial is scheduled for Oct. 2, 2023 and could last up to four weeks. Mark Cohen, Bankman-Fried’s lawyer, has stated that his client did not carry out the Alameda transfers.

At the Jan. 3 hearing in Manhattan federal court, Sam Bankman-Fried (SBF), the former CEO of cryptocurrency exchange FTX, pleaded not guilty to the 8 charges leveled against him. These charges included wire fraud, securities fraud, and violations of campaign finance laws, and if found guilty, SBF could face up to 115 years imprisonment.

Prosecutors have stated that SBF and FTX have defrauded customers and have laundered money through political donations and venture investments. Danielle Sassoon, a federal prosecutor, said that the government has amassed hundreds of thousands of evidence documents against SBF. The prosecutors intend to turn over the documents close to the trial date which has been set for Oct. 2, 2023. The trial could last up to four weeks.

Additionally, Sassoon accused SBF of recently carrying out transfers of Alameda-related crypto assets. In response, Mark Cohen, Bankman-Fried’s lawyer, said his client did not carry out the Alameda transfers. The court is now waiting for the trial to begin on Oct. 2, 2023, where SBF will face the charges against him. If convicted, he could face a prison sentence of up to 115 years.

The criminal trial of the executives of the collapsed cryptocurrency exchange FTX has been ongoing in the U.S. for some time. The charges against SBF have been grave and the prosecution is adamant that he is guilty of epic fraud. The outcome of the trial will determine the fate of SBF and the reputation of the FTX.