πŸš€ Binance is still in the hot seat πŸ”₯πŸͺ‘

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    πŸš€ Binance is still in the hot seat πŸ”₯πŸͺ‘

    It's the weekend, Geckos!

     

    Binance is still in the hot seat.


    The exchange faces increased regulatory scrutiny worldwide, including the Cayman Islands, where the company is incorporated.


    According to the Cayman Islands Monetary Authority (CIMA), Binancedoes does not have a license to operate an exchange.


    However, a Binance spokesperson has stated that they do not fall within their regulatory ambit as they "always operated in a decentralized manner".


    Binance will reportedly continue to cooperate with the regulators and address any questions that they may have.


    In today's news, Robinhood files for an IPO listing, Bitcoin Cash ABC rebrands itself, and the inventor of the Internet sells a 'misprinted' NFT.


    Read on!

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    Our analyst, Erina, breaks down the details on how it is possible for Index Coop to do so. Read our latest report here!

    Robinhood is Still Going Strong

     

    Despite facing a stiff penalty, Robinhood has gone on to file for a public offering with the SEC.


    In Q1 2021, 17% of their total revenue came from cryptocurrency transactions, 34% of which came from the No.1 meme, Dogecoin (DOGE).


    The IPO filing is underwritten by Goldman Sachs, JPMorgan, and Citigroup, and is expected to be worth $100 million.


    CoinDesk

    A Fork of a Fork of a Fork has Rebranded

     

    Bitcoin Cash ABC (BCHA) has now rebranded to "eCash" after embracing its new proof-of-stake (PoS) consensus layer.


    Other changes include a new ticker (XEC) and a reduction of its denomination from 8 decimals to 2.


    Bitcoin Cash ABC came about after November 2020's Bitcoin Cash (BCH) fork where the majority did not accept the lead developer's proposal to

    redistribute 8% of newly mined coins to a wallet under his control to fund development. 


    Cointelegraph

    The Inventor of the Internet "Mistakenly" joins the NFT Hype
     

    Tim Berner, the computer scientist who created the World Wide Web just sold an NFT in Sotheby's online auction for $5.4M.


    in Berner's words: I'm selling a picture that I made, with a Python program that I wrote myself, of what the source code would look like if it was stuck on the wall and signed by me."


    After the sale was concluded, observers have pointed out what appears to be a mistake in the original text file as it has converted from the original source code into HTML.

     

    Bitcoin.com

    #COINGECKONFTSPOTLIGHT Rare Artwork Lucky Draw

    Illusions - Hold the present as if it were the future. Because today is not tomorrow, but it will be. Even reality can be an illusion. And illusions are always the real things in life. Row the stones in the way. There is an ocean after the waves.

    5 lucky individuals will get to own this rare piece! Don't hesitate because the Lucky Draw will end on 4th July @ 10PM EST!

    Stand a chance to win exclusive 'Illusions' NFT!

    Fear of Missing Out (FOMO)

     

    FOMO is the acronym for "Fear Of Missing Out." The concept was first described in 2000 by Dr. Dan Herman in an academic paper entitled "The Journal of Brand Management." However, the acronym FOMO was coined a couple of years later by Patrick McGinnis in an opinion piece published in 2004 on the American magazine "The Harbus." The concept refers to the feeling of anxiety or the idea that other people are sharing in a positive or unique experience while you are missing out. It is a phenomenon that is quite prevalent in social media, with the feeds from others often highlighting and emphasizing the positive and rewarding parts of their lives, leading the reader to feel sad or inadequate with their own experiences. In the context of financial markets and trading, FOMO refers to the fear that a trader or investor feels by missing out on a potentially lucrative investment or trading opportunity. The FOMO feeling is particularly prevalent when an asset rises in value significantly over a relatively short time. This can potentially allow an individual (and the market community as a whole) to make market decisions based upon emotion (the fear of missing out) instead of logic and reasoning. It is especially dangerous for the undisciplined retail investor. It can often lead to a situation where trades are made for an overpriced asset, increasing risks of financial losses.


    Learn about other Crypto terms here

    Here are the top trending coins for this week!

    NFT of the Day πŸ–ΌοΈ

    The Eternal Cloudsitter

    Artist: SasGlas

    Gallery: OpenSea


    The Eternal Cloudsitter. Guarding my baby in heaven.

    3200*3200pix PNG art


    Check out other NFTs on CoinGecko

    ___________________________________________________________________


    Submit your favorite NFT's here for a chance for it to be featured as our NFT of the Day!

    ____________________________________________________________________________________

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