The bill received an overwhelming majority, with 500 representatives voting for, 23 against, and 110 abstaining. The Data Act could become law, pending the outcome of the trilogues, where the EU council and the EU commission will deliberate on the details.<\/p>\n\n\n\n
Thibault Schrepel, an associate professor at the VU University of Amsterdam, raised some of the concerns in a tweet<\/a>: \u2018\u2018The immutability of smart contracts is key to their survival, i.e., immutability is their main differentiating feature. As currently drafted, Article 30 does not clarify who should be able to terminate the continued execution of transactions. Is it the creator of the smart contracts, public authorities, courts,?\u2019\u2019<\/em><\/p>\n\n\n\n The bill received an overwhelming majority, with 500 representatives voting for, 23 against, and 110 abstaining. The Data Act could become law, pending the outcome of the trilogues, where the EU council and the EU commission will deliberate on the details.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n","post_title":"EU Parliament\u2019s \u2018Smart Contract Legislation\u2019 Faulted For Going Against Immutability","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-parliaments-smart-contract-legislation-faulted-for-going-against-immutability","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-03-16 20:12:18","post_modified_gmt":"2023-03-16 09:12:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10445","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Smart contracts are computer programs domiciled in a blockchain like Ethereum that self-execute when certain predetermined conditions are met. They cannot be deleted by default, and their transactions cannot be reversed. This is the bone of contention feared could wipe out the core feature defining smart contracts. Furthermore, experts believe the legislation lacks clarity.<\/p>\n\n\n\n Thibault Schrepel, an associate professor at the VU University of Amsterdam, raised some of the concerns in a tweet<\/a>: \u2018\u2018The immutability of smart contracts is key to their survival, i.e., immutability is their main differentiating feature. As currently drafted, Article 30 does not clarify who should be able to terminate the continued execution of transactions. Is it the creator of the smart contracts, public authorities, courts,?\u2019\u2019<\/em><\/p>\n\n\n\n The bill received an overwhelming majority, with 500 representatives voting for, 23 against, and 110 abstaining. The Data Act could become law, pending the outcome of the trilogues, where the EU council and the EU commission will deliberate on the details.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n","post_title":"EU Parliament\u2019s \u2018Smart Contract Legislation\u2019 Faulted For Going Against Immutability","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-parliaments-smart-contract-legislation-faulted-for-going-against-immutability","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-03-16 20:12:18","post_modified_gmt":"2023-03-16 09:12:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10445","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Smart contracts are computer programs domiciled in a blockchain like Ethereum that self-execute when certain predetermined conditions are met. They cannot be deleted by default, and their transactions cannot be reversed. This is the bone of contention feared could wipe out the core feature defining smart contracts. Furthermore, experts believe the legislation lacks clarity.<\/p>\n\n\n\n Thibault Schrepel, an associate professor at the VU University of Amsterdam, raised some of the concerns in a tweet<\/a>: \u2018\u2018The immutability of smart contracts is key to their survival, i.e., immutability is their main differentiating feature. As currently drafted, Article 30 does not clarify who should be able to terminate the continued execution of transactions. Is it the creator of the smart contracts, public authorities, courts,?\u2019\u2019<\/em><\/p>\n\n\n\n The bill received an overwhelming majority, with 500 representatives voting for, 23 against, and 110 abstaining. The Data Act could become law, pending the outcome of the trilogues, where the EU council and the EU commission will deliberate on the details.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n","post_title":"EU Parliament\u2019s \u2018Smart Contract Legislation\u2019 Faulted For Going Against Immutability","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-parliaments-smart-contract-legislation-faulted-for-going-against-immutability","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-03-16 20:12:18","post_modified_gmt":"2023-03-16 09:12:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10445","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n A part of legislation adopted by the European Parliament on March 14 \u2013 concerning smart contracts<\/a> - has attracted criticism in the cryptocurrency community that it could endanger the core of the self-executing blockchain programs.<\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n A part of legislation adopted by the European Parliament on March 14 \u2013 concerning smart contracts<\/a> - has attracted criticism in the cryptocurrency community that it could endanger the core of the self-executing blockchain programs.<\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n A part of legislation adopted by the European Parliament on March 14 \u2013 concerning smart contracts<\/a> - has attracted criticism in the cryptocurrency community that it could endanger the core of the self-executing blockchain programs.<\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n A part of legislation adopted by the European Parliament on March 14 \u2013 concerning smart contracts<\/a> - has attracted criticism in the cryptocurrency community that it could endanger the core of the self-executing blockchain programs.<\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n Read More:<\/em><\/strong> Binance to Halt British Pound Transactions Over Issues With Service Provider<\/a><\/p>\n","post_title":"CFTC Investigates Binance Over Insider Trading Allegations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cftc-investigates-binance-over-insider-trading-allegations","to_ping":"","pinged":"","post_modified":"2023-03-30 01:07:00","post_modified_gmt":"2023-03-29 14:07:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10652","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10445,"post_author":"13","post_date":"2023-03-16 20:10:03","post_date_gmt":"2023-03-16 09:10:03","post_content":"\n A part of legislation adopted by the European Parliament on March 14 \u2013 concerning smart contracts<\/a> - has attracted criticism in the cryptocurrency community that it could endanger the core of the self-executing blockchain programs.<\/p>\n\n\n\n Article 30 of the Data Act<\/a> requires smart contracts to cease being immutable and include a termination or interruption option to avoid accidental executions.<\/p>\n\n\n\n ''Safe termination and interruptions: ensure that a mechanism exists to terminate the continued executions of transactions: smart contracts shall include internal functions, which can reset or instruct the contract to stop or interrupt the operation to avoid future accidental executions,''<\/em> the draft noted. ''The conditions under which a smart contract could be reset, instructed to stop, or interrupted should be clearly and transparently defined.''<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Gate.io Revolutionizes The Payment Experience With a New Visa Crypto Debit Card In Europe<\/a><\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10652,"post_author":"15","post_date":"2023-03-30 01:06:55","post_date_gmt":"2023-03-29 14:06:55","post_content":"\n Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report<\/a>. The CFTC has filed a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. The case is being heard in the US District Court for the Northern District of Illinois.<\/p>\n\n\n\n According to an ongoing investigation that began in 2021, CFTC claims that Binance violated regulatory requirements. In February, Binance admitted that it expected regulatory consequences in the US and was already in talks with regulators to address any concerns. <\/p>\n\n\n\n Aside from the CFTC, Binance is also facing probes from the Internal Revenue Service and federal prosecutors. The issue is regarding its compliance with Anti-Money Laundering regulations. Additionally, the Securities and Exchange Commission is investigating whether Binance allowed U.S. traders to access unregistered securities.<\/p>\n\n\n\n Binance also faces regulatory problems outside the US. In June, the UK Financial Conduct Authority issued a warning about Binance Markets Limited, which Binance had acquired and renamed with hopes to become a UK-only exchange. In July, the Cayman Islands Monetary Authority said that the company wasn't authorized as a crypto exchange on the island. Binance responded that it doesn't run a crypto exchange out of the Cayman Islands, but has entities there performing activities that are permitted by law and unrelated to crypto trading.<\/p>\n\n\n\n Despite multiple allegations, Changpeng Zhao is committed \"to keep 2023 simple\". In his pinned tweet<\/a>, he emphasizes the need for education, compliance, and promoting excellent products and services. And lastly, he urges his followers to \"ignore FUD, fake news, attacks, etc.\". <\/p>\n\n\n\n
ADVERTISEMENT
ADVERTISEMENT
Smart Contracts And The Aspect Of Immutability<\/h2>\n\n\n\n
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
\n
ADVERTISEMENT
\n
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
ADVERTISEMENT
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
ADVERTISEMENT
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
