• Coinbase sent a petition to the SEC pleading for staking to be excluded from securities law.
• The petition discussed why staking services should not fall under the SEC’s jurisdiction, using legal precedents and legislation as support.
• Coinbase CEO Brian Armstrong previously tweeted a blog outlining why its staking services are not securities.

Coinbase Pleads with SEC

Coinbase has sent an 18-page petition to the U.S. Securities and Exchange Commission (SEC) arguing that crypto staking should not be considered securities under law. The recent crackdown on crypto firms by the SEC has been particularly hardline, with the regulator taking aim at Paxos, Binance, Ripple, and Kraken’s staking services.

Why Staking Shouldn’t Be Labeled as Securities

The petition states that staking isn’t a monolith operation concept – some models may fall under investment contract offerings, but not all will. Coinbase claims its core staking services don’t meet the criteria of the Howey test because users are giving up temporary use of their assets instead of money and have full control over their assets when they participate in a service provider’s offering.

Defending Staking Services in Court

Coinbase CEO Brian Armstrong previously tweeted a blog outlining why its staking services are not securities with an assurance to defend this stance in court if necessary. The exchange is now doubling down on this assertion by approaching the SEC directly through its petition which highlights several reasons why the regulator’s approach to staking is wrong and how it should not fall under their jurisdiction with historical precedents and legislation used as evidence of defense.

Previous Precedent

There is no set legal framework in place for crypto regulation in the U.S., meaning rulings such as these must come through courts rather than politicians or regulators alone making decisions about what does or does not constitute accepted practice within cryptocurrency fields such as staking services.

Conclusion

Coinbase’s petition hopes to persuade the SEC that some forms of crypto staking do not warrant being labeled as securities, freeing them from heavy regulation from authorities like themselves – potentially allowing more freedom for businesses providing these kinds of services going forward without fear of reprisals from regulators like those seen recently towards Kraken et al..

Summary of Article

• Framer discovered NFTs in 2021 and began using his creativity to earn from them.
• He created a video for the “Invisible Friends” NFTs which gained him access to the whitelist.
• Framer merged his new hobby with his passion for crypto and started experimenting with AI-generated art, creating a documentary video on CZ’s past which attracted the attention of Binance’s CEO Changpeng Zhao.

Creative Soul’s Journey Into Crypto

After six years of running e-commerce businesses, creative soul Framer followed a gut feeling and opened a new chapter in life involving digital assets and artificial intelligence (AI). His journey into crypto began when he discovered non-fungible tokens (NFTs) as an interesting technology with applications that also allowed him to earn just by using his creativity without risking his capital. By creating videos, Framer was able to gain access to whitelists from which he could purchase NFTs at lower prices than on public marketplaces like OpenSea. This discovery led him to begin covering cryptocurrency stories on YouTube and experimenting with AI-generated art projects.

Crypto’s First AI Video

Framer recently created a documentary video about Binance’s CEO Changpeng Zhao’s past using AI tools. The video was shared online and caught the attention of CZ himself who reacted positively to it. This has proved that cryptocurrency projects are open to embracing new technologies such as AI, something which is encouraging more people in the sector to experiment with similar ideas.

Interview With The Author

DailyCoin recently interviewed Framer about how he came up with the idea for this video, what he has learned through this process, and what reaction it caused among the crypto community. He explained that while people were crazy over tokenized pictures during bull markets, there was still limited value being generated from these projects unless creators looked at innovative ways of leveraging their skillsets such as making videos or images about specific crypto projects. From here, he combined his newfound passion for crypto with his existing creative skillset allowing him explore new possibilities within blockchain technology such as creating an AI documentary film about CZ’s past which attracted much attention from both inside and outside the industry – including CZ himself!

Conclusion

The success of this project shows how individuals can leverage their creativity within blockchain technology in order to create unique experiences that capture attention throughout the industry – even garnering reactions from its top figures such as Binance’s CEO Changpeng Zhao! It also highlights how cryptocurrency projects are beginning to embrace cutting edge technologies like artificial intelligence in order to innovate within their respective fields – something that could pave the way for further experimentation within this space if more people follow suit!

• A Coinbase user lost $96,000 due to an SMS prompt message and account draining.
• Coinbase denies responsibility for failing to flag several unauthorized transactions.
• Jared Ferguson from New York filed a lawsuit against Coinbase in May 2022.

Lost Funds

A Coinbase user lost $96,000 due to account draining after an SMS prompt message was sent. The hacker drained the plaintiff’s Coinbase account 24 hours after the text message prompting him to change the password was received. Despite this, Coinbase failed to detect any suspicious activity regarding the multiple unauthorized transactions during this time period.

Coinbase Refuses Responsibility

Coinbase refused to take responsibility for these losses and instead informed the victim that they are solely responsible for their security measures such as passwords, 2FA codes and devices. In addition, there have been similar cases of users being denied refunds by Coinbase when smaller sums were stolen via SIM Swap hacks in 2021.

Lawsuit Filed Against Coinbase

Jared Ferguson from New York filed a lawsuit against Coinbase in May 2022 following the theft of his life savings of $96,000 worth of encrypted assets on the exchange platform. He believes that the encryption exchange should be held responsible under both Federal and State Laws for missing unauthorized transactions on their platform.

Unethical Practices Impacting Stock Price

Unethical practices like these have caused customers’ dissatisfaction with their customer support and also taken a toll on Coinbase’s stock price which has decreased 2.7% in the last 24 hours and is currently at $62.77 per share at press time.

Base Layer- 2 Blockchain

Brian Armstrong recently launched Base Layer- 2 blockchain with transaction monitoring features designed to comply with regulatory requirements but it is yet unclear how this will affect customer experience going forward..

• Robinhood receives subpoena from the SEC and California Attorney General’s Office about its crypto services
• SEC has been cracking down on crypto companies, including Kraken, Binance, and Paxos.
• If any of the 18 cryptocurrencies supported by Robinhood are deemed securities, the company might have to delist them.

Robinhood Receives Subpoena From SEC

Robinhood, a securities brokerage firm that also offers cryptocurrency services, recently revealed that it has received a subpoena from the U.S Securities and Exchange Commission (SEC) last December relating to its „cryptocurrency listings, custody of cryptocurrencies and platform operations.“ The company also received a subpoena from the California Attorney General’s Office seeking information about its trading platform, business and operations, custody of customer assets, customer disclosures, and coin listings.

Crypto Services Offered By Robinhood

Currently Robinhood supports 18 cryptocurrencies including bitcoin (BTC), ether (ETH), and dogecoin (DOGE). If any of these coins are deemed securities by the SEC then Robinhood might have to delist them in order to comply with regulations.

SEC Cracking Down On Crypto Companies

The attention that Robinhood is getting from the SEC seems to be part of a wider regulatory crackdown on crypto in the U.S. Other crypto-related companies that have recently been affected include Kraken which was forced to pay a $30 million fine for selling unregistered securities as well as Binance and Paxos who have both been sued by the SEC.

Potential Impact On Cryptocurrencies

If some of the cryptocurrencies listed by Robinhood are deemed securities then this could have major implications for traders using their platform as they would no longer be able to trade these coins through it. This could lead to lower volumes for certain coins as well as higher volatility if fewer investors are able to access them easily through exchanges such as Robinhood.

Conclusion

The recent actions taken by regulatory bodies towards cryptocurrency companies demonstrate just how serious they are taking this industry’s potential risks and shows that they will not hesitate to take action when necessary in order to protect investors’ interests. It remains unclear exactly how this will affect different coins listed by Robinhood but it is certainly something worth watching out for in the coming months ahead.

• Elon Musk’s tweet inspires the launch of a truth-telling robot-themed cryptocurrency, TruthGPT
• PeckShield reveals honeypot schemes using ChatGPT as a cover for scams
• The emergence of TruthGPT provides an indie alternative to ChatGPT

Elon Musk’s Tweet Inspires Cryptocurrency Launch

On February 17th, 2023, Elon Musk tweeted about the need for a “TruthGPT” chatbot. Only two days later, the free-to-use artificial intelligence went live on Telegram. The native token of TruthGPT (TruthGPT) has 728 holders and is priced at $0.007 with a total market value of $7,707,676 according to Poocoin.app.

PeckShield Reveals Honeypot Schemes Using ChatGPT As A Cover For Scams

Crypto security company PeckShield recently announced that there had been a wave of pump-and-dump schemes using ChatGPT’s name as a cover for scams. According to their report, two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new fraudulent smart contracts deployed through honeypot techniques.

The Emergence Of TruthGPT

The emergence of TruthGPT provides an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor when asked questions like “What is the truth?” To which it warmly responds: “Welcome to your awakening comrade! Everyone needs to think for themselves and not just accept what the mainstream media tells them to accept.”

Chat Gpt Faces Unexpected Competition

The launch of Truth Gpt has caused some unexpected competition for the popular artificial intelligence system known as Chat Gpt. With its humorous responses and free access platform on Telegram, it has garnered popularity in recent weeks .

Conclusion

To summarise this article; Elon Musk inspired the launch of an AI chatbot called Truth Gpt which uses its own native token (Truth Gpt ) with 728 holders and valued at $0.007 with total market value reported at $7,707,676 .However , Peck Shield revealed honeypot schemes using Chat Gpt as cover for scams . Finally , this caused unexpected competition from Truth Gpt due to its humorous responses and ease of access on telegram .

• Shytoshi Kusama, main developer of Shiba Inu (SHIB) clears up rumors about the new token Paw (PAW).
• Kusama shared crypto donation details for Turkey and Syria in the wake of a devastating earthquake.
• The highly-anticipated Layer-2 solution Shibarium is yet to be released.

Clearing Up Rumors About New Token PAW

Shiba Inu’s main developer Shytoshi Kusama officially distanced himself from the new copycat token Paw (PAW), developed by a member of the SHIB Defence Breed. On top of that, the $PAW token has already been deemed a pump-and-dump scheme by a large chunk of the Shiba Inu community on both Twitter and Discord. Hence, Kusama ended his tweet with a cautionary message: „Be careful #Shibarmy, many wolves in Shib’s clothing.“

Crypto Donation Details For Turkey and Syria

Previously, Kusama sent a warm and comforting message to people affected by the enormous earthquake in Turkey and Syria. He recently shared a donation link that supports BEP20, Avalanche, and ERC-20 tokens suitable for SHIB transfers on Ethereum (ETH) network.

Valentine’s Day Launch Of Shibarium?

As Valentine’s Day approaches, some members of the SHIB Army speculated that this could be the launch date for Layer-2 solution Shibarium. However, it remains uncertain when exactly it will be released. SHIB Sunshine reminded everyone to keep patience as even Kusama can’t accurately predict when it will drop.

Kusama Calls Whales To Help Earthquake Victims

Even though none of whales have answered his initial call yet, Kusama still encourages them to support victims of this natural disaster who are in need for medical aid, food, and emergency accommodation. He hopes that every small bit would go a long way in helping those affected by this catastrophe.

Defikraken Falsely Endorses Unrelated Token

Furthermore DefiKraken falsely endorsed an unrelated token as part of Shiba Inu’s ecosystem which draws confusion among some members of the community whether or not they should trust it or not

Overview

• CoW Swap is the latest DeFi protocol to be exploited, with a hacker stealing over $180,000 worth of crypto.
• The hacker exploited a smart contract in the „solvers competition“ of CoW Swap.
• Despite the exploit, CoW Swap says neither the protocol nor its users suffered any loss as the solver’s bond will pay for all damages.

Exploit Details

CoW Swap is a decentralized exchange (DEX) that recently fell victim to an exploit by a hacker who drained a settlement contract containing its protocol fees, stealing over $180,000 worth of crypto. According to blockchain analytical firm Nansen, the hacker consolidated these funds into two wallets containing $123,000 DAI, $50,000 BNB and $7,400 ETH.
The exploit happened when an external party entered CoW Swap’s „solver competition“ ten days prior and hacked its smart contract to allow anyone to transfer from the settlement contract. Afterward they tricked the DEX GPv2Settlement contract to approve SwapGuard for DAI spending and returned later on to trigger it and transfer all DAI from the GPv2Settlement contract.

Protection Measures Taken

CoW Swap confirmed that despite this incident none of their users were affected as no funds were stolen from their protocol during this exploit. This is because all damages will be paid for by solver’s bond which was set aside for such cases originally. They also took steps by putting out an announcement on Twitter stating: “Users are not affected since we never hold user funds (!) Neither Cow Swap is affected: The solver’s bond will pay for all damages” following up with more in-depth details about this incident in their blog post published shortly after.

What Is CoWSwap?

CoWSwap is a decentralized exchange (DEX) where users can trade tokens without having to trust any centralized entity or third-party service provider with their assets or information. It offers low transaction fees compared to other exchanges and runs on Ethereum’s blockchain network making it secure and reliable at all times. Its “solvers competition” allows external parties compete against each other in order find the best execution route for their users which unfortunately became vulnerable due to this recent exploit incident.

Conclusion

In conclusion although CoWSwap was exploited by hackers who stole over $180K worth of crypto it did not suffer any direct loss because all damages will be covered by solver’s bond originally put aside specifically for such cases like this one while also assuring that none of its users were affected either since they do not store user funds themselves but instead rely only on Ethereum’s blockchain network making them secure and reliable at all times

• Floki, a meme coin project, has completed a school building in Ghana in collaboration with Pencils of Promise, a non-profit organization.
• The school project included six classroom blocks, with one of those blocks built as a computer lab.
• Floki has also pledged to build state-of-the-art schools in Laos and Guatemala in order to promote crypto and metaverse education.

Floki, a popular meme coin project on BNB Chain, has recently announced the completion of a school building project in Ghana in collaboration with Pencils of Promise, a non-profit humanitarian organization. The project was approved by the Floki DAO on the 28th of January, with at least 4.97 trillion FLOKI tokens getting burned in the process.

This school building project is one of the many educational initiatives that Floki has come up with in order to foster education and impact lives. The project consists of six classroom blocks, with one of those blocks specifically built as a computer lab. This computer lab will be utilized to promote crypto and metaverse education, which is an important factor in increasing their adoption.

Apart from the school that Floki has built in Ghana, the project has also pledged to build similar state-of-the-art schools in Laos and Guatemala. This will be done in collaboration with the Tabitha Cumi Foundation, an NGO backed by the United Nations and the Embassy of Japan.

Floki is committed to creating educational opportunities for children all over the world, and this project is just one of the many initiatives it is undertaking in order to promote education. The team is hopeful that these initiatives will make a difference in the lives of the children who will benefit from them.

Bulletpoints:
• The inaugural Crypties Awards from Decrypt Studios in Miami awarded the 2021 Game of the Year to Crypto Unicorns.
• Actor David Bianchi previewed his new Web3 TV series “RZR” at a public table read.
• Tezos co-founder Kathleen Breitman spoke at Web Summit in Lisbon about the Tezos blockchain and other digital assets.

On November 30, the inaugural Crypties Awards from Decrypt Studios in Miami was held, a night of celebration for the crypto world. The evening was hosted by Josh Ostrovsky („The Fat Jewish“) with presenters from a range of crypto projects including Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

The event honored the best projects, people, and products in the crypto space, and the winner for 2021 Game of the Year was Crypto Unicorns, accepted by Katrina Wolfe from presenter Avery Akkineni of Vayner3. The other nominees in the category were Stepn, Zed Run, and Blankos Block Party.

Actor David Bianchi also made an appearance at the event, previewing his upcoming Web3 TV series “RZR”. The show is already greenlit and will be distributed through Gala Films, and set in a dystopian future Los Angeles, with Ethereum and other digital assets as part of the plot. Bianchi also conducted two NFT drops to build engagement from fans.

Tezos co-founder Kathleen Breitman also spoke at the event, talking about how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

The Crypties Awards from Decrypt Studios was an evening that celebrated the accomplishments and advances in the crypto space. It highlighted the best projects, people, and products in the crypto space, and honored the 2021 Game of the Year, Crypto Unicorns. Actor David Bianchi previewed his new Web3 TV series “RZR”, which will be distributed through Gala Films, while Tezos co-founder Kathleen Breitman spoke about the Tezos blockchain and other digital assets. The event was a night of celebration and recognition for the crypto world, and a testament to the innovation, creativity, and technological advances in the space.