NFT News Official TheBitTimes.com

Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. While data suggests that crypto assets have been flowing out of centralized exchange s at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears.  Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the SEC lawsuit against the firm hit the airwaves. According to Nansen, there has been a net outflow of $2.36 billion from Binance over the past seven days along with $123.7 million flowing out of Binance.US. DeFiLlama reported an even larger figure of $3.35 billion in outflows from Binance, while Glassnode data shows the exchange's BTC balance having declined by 5.7% or around $1 billion over the past seven days. CEX asset flows. Source: DeFiLlama However, in a June 10 Twitt...

US SEC Asks Court to Serve Paper Through Lawyers The US SEC seeks permission of the District Court for the District of Columbia to use “alternative means” to serve legal papers to Binance . The agency filed lawsuits against Binance and its CEO “CZ” but failed to deliver the legal papers as the crypto executive “famously protective of revealing his whereabouts.” advertisement The SEC sued world’s largest crypto exchange and “CZ” for violating securities laws, fraud, and failing to comply to prevent US customers to use the exchange. The SEC implies it’s really hard to locate Binance and its CEO “CZ” and seeks to provide papers to lawyers representing “CZ” and Binance . Binance doesn’t have an official headquarters and “CZ” is protective about his privacy. He was born in China and is a Canadian citizen. CZ is believed to be in Dubai. However, SEC has recent...

Binance has established its authority and presence in the cryptocurrency realm since its inception. With the popularity of artificial intelligence on the rise, Binance has jumped on the bandwagon to make the most of the popularity of AI. Recent times have witnessed a surge in AI image-generating platforms where users upload an image to generate different images of the same person in creative ways. Apart from the hype of ChatGPT, these AI-powered image-generating websites definitely held traction. Also read: Ripple CLO Says Gensler Must Refrain From Voting on Any Enforcement Case According to the latest details from Binance CEO Changpeng Zhao , Binance has unveiled a new platform called Bicasso . The platform generates NFT profile pictures based on the images provided to it. JUST IN: #Binance launches AI NFT generator beta version named Bicasso. pic.twitter.com/bEjS4jYPno — Watcher.Guru (@WatcherGuru) March 1, 2023 Will Binance’s Bicasso be the end of ot...