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January 2008

Telegram Denies All SEC Allegations and Requests Dismissal of Trial

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Telegram

Telegram

Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this.

Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to receive 77% of their initial investment back, but have instead decided to back Telegram’s blockchain plans and have accepted an extension on the launch of TON until April 30, 2020.

“[The SEC’s] claims are without merit as Telegram’s private placement to highly sophisticated, accredited investors was conducted pursuant to valid exemptions to registration under the federal securities laws and Grams will not be securities when they are created at the time of launch of the TON Blockchain,” said Telegram in the latest filing. However, the SEC has responded by warning Telegram and other issuers that they cannot escape federal securities laws by simply labeling their product as a cryptocurrency or digital token.

The messaging app did concede that it had not filed an official registration statement with the commission due to the fact that “none was, is or will be required under the federal securities laws,” and went on to accuse the federal body of engaging in “improper regulation by enforcement.” As a result, Telegram has requested that the Southern District Court of New York dismiss the claims made against it.

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No resolution on the matter will be reached until next year at the earliest, with the next hearing scheduled for February 18 and 19. That hearing was due to take place last month but had been pushed back in order to allow both parties adequate time for discovery.

Featured image: DepositPhotos © prykhodov

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Binance DEX Now Live! Create Your Wallet and Expect Trading Soon

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On Tuesday, April 23, Binance announced that its much-awaited decentralized exchange is now live. Here’s what we know so far about the Binance DEX.

Binance DEX Now Live

Today, Binance, a top crypto exchange, said that the Binance DEX is now live. Trading has not yet commenced, but users can create wallets on the new decentralized exchange (DEX).

Tuesday’s launch of Binance DEX is significant for more reasons than one. For starters, the exchange has gone live well ahead of schedule; and it comes one week after Binance Chain, its native blockchain, went live.

Second, according to CEO Changpeng Zhao, decentralized exchanges can “bring new hope and new possibilities.” On top of that, the “Binance DEX offers far more control over your own assets.” So, not only will the Binance DEX impact the crypto community, but it will also give Binance an edge up on competitors and a chance to further the crypto industry.

When Should We Expect Trading?

According to CoinDesk, trading on Binance DEX will start “as soon as tokens are issues and listed on Binance DEX.” Trading on the exchange has been put through a testnet period, but in addition to waiting for tokens to be issued and listed, trading has to wait for trading pairs to be created.

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Don’t worry, though; crypto traders won’t have to wait months to use the DEX. In fact, a representative for Binance has said they are expecting tokens to be issued and listed “in the next few days.”

Thoughts?

Considering the optimism surrounding the use of decentralized exchanges, it will be worth paying attention to Binance over the next few days to see if a date for trading to begin has been set. And if you’re a crypto trader, we want to know if you’re planning to use Binance DEX. If so, have you created your crypto wallet on the platform yet?

Let us know in the comments below!

Featured image: DepositPhotos © NadaK2

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Chainlink (LINK) Soars 50% This Month

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Chainlink

Chainlink

The first few weeks of 2020 have been a bit of a mixed bag for the crypto sphere, but one of the most remarkable happenings has been the rally in Chainlink (LINK). The cryptocurrency has gained as much as 50% over the course of the past month and has emerged as one of the tokens to watch for market participants.

We’re taking a closer look at the LINK project. Over the years, plenty of new projects have emerged in the blockchain space, but LINK has proven to be one of the more interesting ones.

Key Analysis

Since it started its operations, Chainlink has managed to emerge as one of the more progressive blockchain projects in the industry, and it is no wonder that people are now taking notice. In recent times, the LINK token has actually outperformed many other tokens.

Many of the leading altcoins in the crypto space have been beaten by LINK, and at some points, it even managed to outperform Bitcoin. Experts believe that the sort of performance that LINK has delivered so far is an indication that it could end up being one of the best-performing crypto tokens in 2020.

One of the most important creations by the project has been the Chainlink Oracle, a venture aiming to expand its usage considerably. It is the flagship product that the venture has produced so far. Chainlink is also in the process of building apps that are highly important for those working with data.

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Such apps are expected to have great demand in the crypto space, and those offerings could prove to be a major step for Chainlink. At the end of the day, blockchain projects can only grow if they can find appropriate use cases and applications. In that regard, Chainlink has done well, and the rally in the token is hardly surprising.

Featured image: DepositPhotos © eskaylim

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Binance Launches Tezos (XTZ) Margin Trading

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Binance

Binance

The crypto market might be going through a massive slump at this point in time, but that has not stopped the biggest crypto exchanges from introducing new products. In a new development that will come as a further boost to crypto traders, Binance Binance has decided to launch margin trading in Tezos (XTZ) on its platform.

Important News for Tezos

Considering the fact that Binance is the biggest crypto exchange in the world in terms of trading volumes, this is good news for the crypto community and also for Tezos. Despite the current troubles in the crypto market, Tezos enjoyed a rally on the back of the news and hit $1.24 per token.

Tezos has generally been behind many other cryptocurrencies in the recent months, but it should be noted that for crypto traders, Binance has become one of the most important marketplaces for the token. Moreover, the listing on Coinbase has further helped matters for Tezos, since traders in the United States can now get involved as well. That being said, it is also true that margin trading can often prove to be risky and especially in cryptocurrencies with a small market cap.

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In this regard, it is important to keep in mind that there has been a clear rise in liquidity in Tezos over the recent weeks, and that is directly responsible for this decision from Binance. The introduction of margin trading should come as a boost for Tezos since it will now allow traders to bet on the price of the token. In addition to that, an onset of positive news has also been a blessing for the cryptocurrency, and the market expects it to have success in the upcoming quarter.

Binance has again proven that it is one of the best exchanges with regards to crypto margin trading at this point. The exchange offers margin trading in as many as 27 cryptocurrencies at this point.

Featured image: DepositPhotos © Piter2121

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