Another SEC lawsuit after binance saga which had negative impact on crypto market, they have allegedly sue Coinbase exchange for operating as an unregistered security exchange.

When will the SEC end all this mind play games have no idea maybe these exchange need to start suing SEC for causing chaos in the market as well.

#awesme #somee #crypto #social

[Image source](https://www.instagram.com/p/CtMYPrQIKoK/?igshid=MzRlODBiNWFlZA==)

U.S. Security Exchange Commission, booooooooo!
Lol, keep your spirits up crypto investors, we will win!!!

Omnichain platforms are solutions that aim to improve interoperability and connectivity between different blockchain networks. They seek to overcome the obstacles presented by decentralized applications being limited by the compatibility of the blockchains they use. It is a solution for fragmentation, bottlenecks, and the slowness with which Ethereum and Bitcoin protocols advance and their compatibility with different smart contracts.
The idea is that applications can choose different characteristics of different blockchains, maximizing their benefits.
The best omnichain platforms to use are:


a. Cosmos Network: It is one of the most prominent platforms, which has gained a large number of users and developers in recent years. It offers a simple and elegant solution for interoperability using its inter-blockchain communication protocol. Also, it offers support for DeFi applications and even non-DeFi, such as Althea and Persistence.


b. Polkadot: It is a platform that allows interoperability of different blockchain networks but through a more complex and highly customizable mechanism. It offers more customization options, making it more suitable for specific and complex applications.



Kevin Albrecht, co-founder of Chainflux: "Cosmos is in a unique position to help connect all these chains and facilitate interoperability. I think Cosmos is one of the most promising solutions for long-term interoperability."
Santiago Roel Santos, founder of Blockchain Academy Mexico: "Polkadot is one of the most exciting and promising platforms in the current cryptographic space. It not only offers a solution for chain-to-chain interoperability but also for scalability and security."

How cloud service pittsburgh helps business
Cloud services in Pittsburgh offer businesses numerous advantages. They enable seamless data storage, backup, and accessibility, fostering collaboration and scalability. With enhanced security measures and cost-effectiveness, these services streamline operations and provide a competitive edge in today's fast-paced digital landscape. https://www.ceeva.com/cloud-services

Trending News in Crypto

Ripple Lawsuit: “SEC Has A 3% Chance Of Winning,” Says Lawyer, Predicts XRP Victory Surge to $10 Price
38 minutes ago via zycrypto.com (https://cryptopanic.com/news/18524496/Ripple-Lawsuit-SEC-Has-A-3-Chance-Of-Winning-Says-Lawyer-Predicts-XRP-Victory-Surge-to-10-Price)➡

The SEC is seeking court order to freeze Binance US’s assets
1 hour ago via coinjournal.net (https://cryptopanic.com/news/18523954/The-SEC-is-seeking-court-order-to-freeze-Binance-USs-assets)➡

Cardano Foundation fires back at SEC calling ADA security
1 hour ago via finbold.com (https://cryptopanic.com/news/18523697/Cardano-Foundation-fires-back-at-SEC-calling-ADA-security)➡

Jim Cramer’s ‘Cardanzo’ gaffe on air sparks ridicule by Cardano founder and crypto crowd
3 hours ago via finbold.com (https://cryptopanic.com/news/18522118/Jim-Cramers-Cardanzo-gaffe-on-air-sparks-ridicule-by-Cardano-founder-and-crypto-crowd)➡

XRP, ADA and SHIB Are Among Potential Undervalued Cryptos, Santiment Analysis Shows
9 hours ago via cryptoglobe.com (https://cryptopanic.com/news/18517489/XRP-ADA-and-SHIB-Are-Among-Potential-Undervalued-Cryptos-Santiment-Analysis-Shows)➡

Power-hungry and lawless, the government has weaponized one national crisis after another in order to expand its powers and justify all manner of government tyranny in the so-called name of national security.

Introduction
We cannot live quietly on a simple day in the realm of crypto without noises and turbulence. The market is boring and flat lately, but we have a lot of action with the SEC!
Their purpose and mission is to protect customers' money. In reality, now they are attacking crypto companies without clarity. It is wrongdoing what they are trying to accomplish personally.
Crypto companies beg for years for clear regulations in the crypto sector. You see the EU, have some advance with the MICA framework.
Better to have something than nothing!
Binance vs SEC
The modus operandi is always the same as the SEC behavior. Binance keeps doing business as usual and received a letter stipulating what they have done wrong.
Some crypto traded on their platform from the SEC perspective are considered securities. It is not clear what is the real definition of security for crypto with the regulations that exist today.
We need to have a new and clear framework in place for cryptoassets like tokens, NFTs, etc... You cannot interpret the way you think is right and attack without any notice crypto companies that want to be legit.
Those companies bring innovation with a lot of value for crypto investors. They provide a way for people to purchase, sell, and build wealth easily without the need to think too much.
It is already a difficult ecosystem to master for a typical investor who just wants to have a presence in the crypto realm...
Immediate consequences of this attack from the SEC
From the headlines I check rapidly in the last 24 hours, 700 million was removed from the Binance liquidity. This reaction is people are scared of not being able to access their funds in the worst-case scenario.
What people have not learned!
You just leave crypto assets that intend you to trade. Not assets that you keep for the long term. It is not the first or last behavior like this we are going to expect.
Bitcoin has crashed from this market sentiment. When BTC is in the red, the rest of the market follows the pattern!
We love the volatility!
If you can't handle it, you are in the wrong market...
What to expect next?
This is a legal battle that can take years before something can materialize. Those legal fees from the government are paid with people's taxes...
In the case of Binance, I believe you can reduce the legal fees from your business expense. But I am not quite sure...
This is very costly for a company to battle because you need to hire the best layers. You need to fight with the interpretation of words and laws in place.
The results are years of energy spending, stress, and suffering for the crypto industry.
The US seems to fight for innovation in its territory and make sure crypto is moving to other international jurisdictions.
My perspective
I believe is not good for the whole industry's constant attacks from the SEC entity. No matter what they are trying it will not change the path of crypto penetration and prosperity.
People understand the risk of crypto and if they intend to purchase them. They know the risks and rewards associated with it.
I hope this battle will not last years and both parties can find a fast settlement.
PS: It is my personal opinion and I am not a financial advisor. Always do your own research.

Graphic link
Coinbase is a well-known and prominent cryptocurrency exchange platform that was founded in 2012. It offers a user-friendly interface and a range of services for buying, selling, and storing various cryptocurrencies. Coinbase has gained a significant market share and has become one of the most recognized names in the cryptocurrency industry.
Several factors contribute to Coinbase's current success and potential for future growth:
User Base: Coinbase boasts a large and growing user base, which is a crucial factor for any exchange company. Its user-friendly interface and reputation for security have attracted both novice and experienced cryptocurrency investors.
Regulatory Compliance: Coinbase has prioritized regulatory compliance and has worked closely with regulatory authorities in different countries. This approach has helped establish trust among users and has positioned Coinbase favorably in terms of compliance with evolving regulations.
Range of Cryptocurrencies: Coinbase supports a wide range of cryptocurrencies, including popular ones like Bitcoin and Ethereum. By offering access to a diverse portfolio of digital assets, Coinbase has attracted a broad user base and has the potential to capture market share as new cryptocurrencies emerge.
Institutional Support: Coinbase has garnered support from major institutional investors, which provides credibility and financial backing. This support enhances the company's ability to expand its services and infrastructure.
Expansion Efforts: Coinbase has been proactive in expanding its services beyond the traditional exchange platform. It has launched products like Coinbase Pro for more advanced traders, Coinbase Custody for institutional clients, and Coinbase Wallet for secure storage of cryptocurrencies. These efforts indicate a strategic focus on diversification and innovation.
However, it's important to note that the cryptocurrency market is highly volatile and subject to rapid changes. Competition in the exchange industry is intense, with several other exchanges vying for market share. The success of Coinbase will depend on various factors, including its ability to adapt to evolving market trends, address security concerns, expand its product offerings, and maintain regulatory compliance.
While Coinbase has achieved significant growth and recognition in recent years, the landscape of the cryptocurrency industry is constantly evolving, and other exchanges may emerge or grow to challenge Coinbase's position.
Ultimately, whether Coinbase becomes the largest exchange company will depend on its ability to navigate these challenges, sustain its growth trajectory, and effectively capture market opportunities in the rapidly evolving cryptocurrency market.

Today at State House, we conferred the rank of Lieutenant General on Major General Humphrey Nyone, who has been appointed by UN Secretary General, Antonio Gutteres, as Force Commander for the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA).

We encouraged Lieutenant General Nyone to serve to the best of his ability, while recognising that this is the most senior position held by a Zambian in the UN since our nation became a member of the organisation on 1st December 1964. We are proud at the expression of confidence in Zambian security forces.

While in office, we continue to assert our country's good standing on the global stage.

Once more, congratulations Lt General Nyone.

Hakainde Hichilema
President of the Republic of Zambia

The Biden DOJ is refusing to release over 8,000 hours of US Capitol security footage from January 6, 2001 spanning noon to 8pm, leaving criminal defendants unable to use over 60% of the footage turned over to the FBI, according to a federal court filing.

Bitcoin's dominance in the cryptocurrency market and its influence on the prices of altcoins is a complex topic with many factors to consider.
One key factor behind Bitcoin's dominance is its emergence as the first and most well-known cryptocurrency. Bitcoin was created in 2009, and since then, it has established itself as the leading digital currency in terms of market capitalization and adoption. As a result, many other cryptocurrencies, known as altcoins, are often traded against Bitcoin, which can have an impact on their prices.
Bitcoin's dominance is also fueled by its strong network effects. As more people use Bitcoin, the network becomes more valuable, which in turn attracts more users. This creates a self-reinforcing cycle that can be difficult for newer altcoins to break into. Additionally, Bitcoin's large and active developer community has helped to improve the technology and security of the network, further reinforcing its position as a leader in the cryptocurrency space.
Bitcoin's dominance can be measured by its market capitalization relative to the total market capitalization of all cryptocurrencies. Currently, Bitcoin's dominance is around 40-50%, which means that it still holds a significant share of the cryptocurrency market despite the increasing number of altcoins.
The importance of Bitcoin's dominance lies in its ability to influence the prices of other cryptocurrencies. Because many altcoins are often traded against Bitcoin, their prices can be affected by changes in Bitcoin's price. For example, if the price of Bitcoin surges, this can create a bullish sentiment in the market, which can lead to a rise in the prices of altcoins. Conversely, if Bitcoin's price drops, this can lead to a bearish sentiment that can cause the prices of altcoins to fall.
In conclusion, Bitcoin's dominance in the cryptocurrency market is due to its history, network effects, and technology. Its importance lies in its ability to influence the prices of altcoins, and this dominance and influence are likely to continue as long as Bitcoin remains the leading digital currency in terms of market capitalization and adoption.
"Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value." - Eric Schmidt, former CEO of Google.
Note: While this quote doesn't specifically mention Bitcoin's influence on the market, it speaks to the value and uniqueness of the cryptocurrency, which can be interpreted as having an influence on the market.

Introduction
It is not clear what might be the root cause of the hack in the Atomic Wallet. People have lost millions of dollars in crypto in this self-custody wallet.
It is scary just to think you wake up and all of a sudden all your crypto vanished in the wild! That is why is important not to put everything into this asset class.
The possibility of the hack points out phishing attempts on Twitter but is not clear yet. Never enter your seed phrase on something unclear or otherwise, you can be the next victim!
Protecting your seed phrase
The seed phrase is the most important thing you need to protect for protecting your crypto. It is a series of words that can recover your wallet fund in the worst-case scenario if your wallet is compromised.
You need to spend and plan a good amount of time to put a good strategy in place for protecting your seed. You need to make sure it is in a place against fire and water damage.
If a complete stranger asks you to enter the seed phrase, never, never proceed. As soon they have it, they access all your crypto under your control.
It is like having your door open on the street where everyone can enter.
It is always hard to identify the hack
For the majority of people, they don't check often their wallets. It is like a save fault in the bank where your deposit your valuable items for protecting them.
Imagine the reputation and pressure Atomic Wallet might have under its shoulders. The team might work 24 hours a day in rotation shifts to understand, identify, and fix to make sure this does not keep going.
The reputation of the brand is at stake! When people lost faith in your product, they might find another solution in the market and never come back.
The door is closed definitely with an angry customer. It is taking 10x energy to get new customers in the door and a fraction of a second to lose one forever!
Imagine one instant if you lose 8 million!
Maybe you are a lucky one who has found a way to make a killing in the last bull run. You have bought the right asset at an accurate time and taken a profit to secure it in stablecoin.
You needed to find a place to secure your crypto in a save fault. Atomic Wallet was a good bet and sexy solution because you are in control of the seed phrase and is a self-custody wallet.
It is Friday, and you needed to move some money for a specific purpose. Suddenly you almost fall down from your chair with no money in your wallet.
Can you imagine one instant the panic and the reaction? In the crypto world, you cannot ask anyone to bail out your crypto if you lose your fund. Security is an important aspect that you need always stay up to date.
I know it can be cumbersome, boring, and tedious, but very important.
Always be careful and the last word
This hack might be caused by successful phishing attempts. People who lack education about security might fall victim easily to this attack vector.
It is scary to lose money but remember never put more money than you can afford to lose in the crypto world. Keep investing in the traditional markets and diversify in different asset classes for spreading the risk.
You always need to remember not to lose money and never forget rule number one. It is not a cool feeling to lose money, never!
Have a wonderful day!
PS: I am not a financial advisor, and always do your own research

Image Source
Splinterlands is a popular blockchain-based collectible card game (CCG) that has its own native cryptocurrency called Splinterlands Token (SPT). The game offers numerous opportunities for players, investors, and content creators alike. Here are some key opportunities associated with Splinterlands (SPT) cryptocurrency:
Gameplay Rewards: Splinterlands provides an opportunity for players to earn SPT tokens through gameplay. Players can participate in ranked battles and tournaments, complete quests, and earn rewards based on their performance. These rewards can be in the form of SPT tokens, which players can then utilize within the game or trade on various cryptocurrency exchanges.
Play-to-Earn Model: Splinterlands follows a play-to-earn model, which means players can earn a significant income by playing the game regularly. Skilled players can compete in the ranked battles and tournaments to win rewards, including SPT tokens. This allows players to monetize their gaming skills and dedication to the game.
Token Utility: SPT tokens have multiple utilities within the Splinterlands ecosystem. They can be used to purchase new card packs, access special events, participate in tournaments, and upgrade existing cards. The demand for SPT tokens increases as the player base grows, thereby potentially increasing the value of the cryptocurrency.
Trading and Investment: Splinterlands has its own marketplace where players can buy, sell, and trade cards using SPT tokens. Players who have acquired valuable and rare cards can sell them for a profit, thereby creating an opportunity for trading and investment. Additionally, as the game gains popularity and the player base expands, the value of certain cards may increase, presenting investment opportunities for collectors and traders.
Content Creation and Streaming: Splinterlands has a vibrant community of content creators and streamers who produce gameplay videos, tutorials, and strategy guides. These creators can monetize their content by receiving tips and donations in SPT tokens. As the game continues to grow, there is an increasing demand for engaging and informative content, creating opportunities for content creators to establish themselves and earn income through their creations.
Blockchain Benefits: Splinterlands operates on the Hive blockchain, which provides transparency, security, and ownership of in-game assets. The blockchain ensures that the scarcity and uniqueness of digital cards are maintained, preventing duplication or fraud. This opens up opportunities for players and investors to securely own and trade digital assets without relying on centralized platforms.
Community Governance: Splinterlands has a decentralized autonomous organization (DAO) called the Splinterlands Governance Body (SGB). SPT token holders have the opportunity to participate in the governance process by voting on proposals and decisions related to the game's development, new features, and rules. This allows token holders to have a say in the future direction of the game.
It's important to note that cryptocurrency investments involve risks, and the value of SPT tokens can fluctuate. Therefore, it is advisable to conduct thorough research and due diligence before participating in any opportunities related to Splinterlands (SPT) cryptocurrency.
Posted using Splintertalk

At the 2nd Better Way Conference in Bath, UK, Derrick Broze interviews James Corbett. They discuss the changes which have taken place since their first in-person interview in 2020, specifically COVID1984 and the rise of the Biosecurity State & Technocracy.

Don’t use Atomic crypto wallets.

Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed.
Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies to trace and block the stolen funds.
For additional instructions to anyone impacted, only contact via [email protected]
Please be aware of fake accounts!
Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed.
Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies to trace and block the stolen funds.
For additional instructions to anyone impacted, only contact via [email protected]
Please be aware of fake accounts!