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Join Our Telegram channel to stay up to date on breaking news coverage Elon Musk and Mark Zuckerberg, two of the tech industry’s most powerful billionaires, have agreed to fight each other in a cage fight to settle their scores. The fight has led to several new crypto coins trending on DEXTools, going viral across social media platforms, and inspiring hundreds of new internet memes. Mark Versus Musk After Elon Musk recently tweeted that he would be “up for a cage fight” with Zuckerberg, the Meta CEO has shot back by posting a screenshot of Musk’s tweet with the caption “send me location.” Zuck doubled down in the instagram story @elonmusk. I don’t see this working out for you. 😂 Drop the donut, pick up the dumbbells. 🤣 pic.twitter.com/ot5aZdpTI7 — Chandra Sapkota ✈️ (@ChandraDSapkota) June 22, 2023 Elon Musk replied, ‘Vegas Octagon,’ a metal chain-link cage within the UFC Apex center ...

Crypto influencer’s snippets from court hearings reveal SEC’s lack of evidence. SEC admits no movement of assets offshore from BinanceUS. The crypto community expresses frustration with SEC’s baseless claims. A crypto influencer shared snippets from the court hearing between Binance and the U.S. Securities and Exchange Commission (SEC), shedding light on the lack of evidence supporting the SEC’s claims and sparking a wave of criticism within the crypto community. Lmao @ Binance v. SEC #FireGensler Court: "I want to know, are BAM assets going offshore? Is it happening or is it not? It's stunning to me that I've now asked this question to each of the SEC attorneys 5 times." SEC: "So currently the assets are not going offshore… We're not… pic.twitter.com/QkEY5HM2ji — Tree of Alpha (@Tree_of_Alpha) June 21, 2023 During the hearing, the court pressed the SEC to provide concrete evidence of assets moving offsh...

Join Our Telegram channel to stay up to date on breaking news coverage The European Commission has dismissed concerns from the blockchain industry that the proposed Data Act could stifle innovation by making smart contracts illegal. EU Officials Assure Blockchain Industry – New Data Rules Will Not Render Smart Contracts Illegal Deep concerns have emerged within the industry regarding an EU bill currently undergoing review. These concerns stem from the perception that the bill imposes demanding obligations on smart contracts, such as the need to withstand manipulation, securely reset, and regulate access. However, officials have made efforts to assuage these anxieties, providing reassurances to Web3 entrepreneurs that their interests will remain unharmed by the proposed legislation. A spokesperson for the commission, which introduced the bill last year, emphasized that existing smart contracts would not be rendered illegal upon the Data Act’s implementation. They...

Join Our Telegram channel to stay up to date on breaking news coverage Hawaii is set to take a significant step towards cryptocurrency adoption, after the state’s governor announced that it would be launching a testing program for digital currencies.  On March 17, the Governor of Hawaii  revealed  that his office had launched the “Digital Currency Innovation Lab,” which will serve as a cryptocurrency and blockchain incubator for running models for a possible state-backed digital asset.  Protection for Sandbox Participants  As the press release confirmed, the Lab is the result of a collaboration between the state’s Department of Commerce and Consumer Affairs, the Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC). It will run for two years, and will provide a possibility for prospective digital asset issuers to work in Hawaii state without needing to get a mandatory state money transmitter license.  Hawaii is hoping to achieve add...

AVAX maintains bullish momentum despite price fluctuations. Strong market dominance pushes AVAX prices upwards. Positive indicators suggest a potential for further AVAX price gains. Avalance (AVAX) market bullish momentum has been strong over the previous 24 hours despite negative attempts to lower prices. During this upward price movement for AVAX, the price found support around $11.21 and resistance at $11.57. As of this writing, bullish dominance had pushed the price up 0.70 % from the previous close, valuing it at $11.37. AVAX’s market capitalization and 24-hour trading volume increased by 0.76% and 15.33%, respectively, to $3,926,864,233 and $92,787,184. If AVAX’s bullish momentum can break above the $11.57 hurdle, the $12.00 level may serve as the next objective, potentially luring additional buyers. However, if the bears successfully push the price below the $11.21 support level, AVAX may suffer a brief setback before regaining support a...

Join Our Telegram channel to stay up to date on breaking news coverage Sylo, a software development house that works around the world, has partnered with Bitbns, an Indian cryptocurrency exchange, to “better serve the Indian market’s growing demand for legitimate crypto-projects,” a press release from the group notes. Bitbns describes itself in the release as “a bona fide cryptocurrency exchange and one of India’s first,” as well as a platform that will really benefit Sylo and its Smart Wallet users. This partnership will ensure that users on either platform will have better access to cryptocurrency, making it more accessible for all. The partnership comes on top of the news that there has been a 500% growth in sign ups to the wallet from India since it launched, with citizens in the country making up 30% of the entire userbase. Speaking on the matter is Bitbns CEO Gaurav Dahake, who said: “India’s new-found enthusiasm for digital assets an...

Also Read: Binance Announces Bitcoin Wallet Migration, Triggers On-Chain Transfers advertisement The new Ethereum proposal deals with assessing the need to increase the max effective balance of Ethereum validators from 32 ETH. The developers argue that this move could potentially have multiple operational benefits as the blockchain goes through future updates. What is Max Effective Balance The Max Effective Balance is a parameter that sets a hard cap on the effective balance of any individual validator. One of the many advantages resulting from having this parameter being low is that the need for having a huge number of validators shows the infrastructure is decentralized. The developers said, “As of June 6, 2023, there are over 600,000 active validators 1 with an additional 90,000 in the activation queue. While having many validators signals decentralization, the Max Effective Balance artificially inflates the validator set size by forcing large sta...

Do Kwon has denied forging his travel documents. Kwon has told a Podgorica District Court that the fake passport and travel documents allegedly found on him were issued by an unnamed Chinese agency recommended by a friend.  Do Kwon, the founder and CEO of Terraform Labs and the creator of the collapsed Terra algorithmic stablecoin project, was arrested by law enforcement agents in Montenegro last March. He was trying to flee the country with forged travel documents alongside former chief financial officer Han Chong-joon. However, now Kwon denies any wrongdoing. Per South Korean media platforms MBN News and Segye Ilbo, Kwon, the once most wanted fugitive in the world, has denied forging his travel document s, telling a Podgorica District Court that the passport was issued by a Chinese-named agency , whose exact name he can no longer remember. Kwon, who pleaded not guilty to passport fraud allegations in Montenegro last month, claims he did not know the document s were forged, as he...

Join Our Telegram channel to stay up to date on breaking news coverage The European Securities and Markets Authority will propose how the EU’s new Markets in Crypto Assets (MiCA) rules should work in practice next month. This includes forms, notifications, and established funds that crypto companies must follow to offer services within the bloc. Further, the European Union’s (EU) financial watchdog will launch a three-part consultation process for the recently adopted Markets in Crypto-Assets framework. In a notice posted on the European Securities and Markets Authority (ESMA) website on June 12, regulators noted that the consultation packages would cover authorization, governance, conflicts of interest, and procedures of complaint management of MiCA, commencing July 2023. 🚀 #MiCA enters into force at the end of June. 🗓️ To begin implementation, #ESMA with relevant stakeholders will launch 3⃣ public consultations in July, October ...

Also Read: Rug Pull Alert: List Of Altcoins Celsius Network Will Sell On July 1st advertisement Coinbase Not Holding Back Against US SEC Paul Grewal, Coinbase ’s Chief Legal Officer announced that they filed a reply to US SEC’s response in the U.S. Court of Appeals for the Third Circuit filings. He stated that the exchange couldn’t wait for the next deadline as they find it unusual for the government to flout a direct query from a federal court. The commission in its reply to Coinbase ’s rulemaking petition mentioned that it hasn’t decided what action to take on. However, It asked for another 120 days to file a reply to it. The US SEC has been alleged of filing enforcement actions against the crypto linked business in the absence of clear regulations around it. Coinbase Legal Chief stated that the court should grant mandamus to them now as the US SEC has decided not to permit the crypto exchange’s petitions ...