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GM, this is The Crypto Explorer, where the adventures never stop and the coins never sleep!
So hold on tight to your wallets, because things are about to get a little wild and wacky.
Here’s what we got for you today:
CFTC sues Binance
Polygon zkEVM goes live on Ethereum mainnet
Ticketmaster goes live with NFT-gated features
CFTC Sues Binance
The US Commodity Futures Trading Commission (CFTC) has sued Binance and its CEO, Changpeng Zhao, for allegedly violating trading and derivatives laws.
CFTC claims that Binance allowed US customers to trade commodity derivatives without proper identity verification or compliance procedures.
The CFTC sued Binance for allegedly evading US regulations.
It claims that Binance:
-Didn't effectively prevent money laundering
-Encouraged customers to use VPNs, so they could make unpermitted trades from the US
-Told VIP customers when law enforcement looked into their assets— Morning Brew ☕️ (@MorningBrew)
12:32 PM • Mar 28, 2023
Binance's native token, BNB, fell 4.5% on the news.
A Binance spokesperson said the filing was "unexpected and disappointing" and that the company had been "working collaboratively" with the CFTC for over two years.
Polygon zkEVM Goes Live On Ethereum Mainnet
Polygon just launched their long-awaited zkEVM technology on the Ethereum mainnet!
zkEVM (zero-knowledge Ethereum Virtual Machine) can execute smart contract transactions in a way that can prove the information is executed correctly without revealing the information itself on Ethereum’s mainnet, thereby bundling more transactions in less mainnet blockspace.
Polygon zkEVM is live and fully open-source 💪
Congrats @0xPolygonLabs 🎉
Ankr RPC coming VERY soon 👀
— Ankr (@ankr)
4:09 PM • Mar 27, 2023
To celebrate the launch, they invited Vitalik (the founder of Ethereum) to process the first transaction on Ploygon zkEVEM.
“A FEW MILLION CONSTRAINTS FOR MAN, UNCONSTRAINED SCALABILITY FOR MANKIND.” -@VitalikButerin
— Polygon (labs) (@0xPolygonLabs)
2:43 PM • Mar 27, 2023
To ensure everything is safe and secure, Polygon's zkEVM has undergone three internal audits and two rounds of external security audits.
And they're not stopping there - there's an ongoing, continuous audit for the next three to four months, with a multi-million dollar bounty program in place.
Make no mistake, they're making this a high-tech fortress! 🤣
Ticketmaster Goes Live With NFT-gated Features
Ticketmaster is really stepping up its game with this new NFT feature!
It allows artists to grant NFT owners special access to events.
Ticketmaster just rolled out token-gated NFT integration.
It’s a big deal.
Here’s how it works
↓
— musicben.eth 🎧 (@musicben_eth)
4:33 PM • Mar 27, 2023
In a statement released by the company, David Marcus, Ticketmaster’s executive vice president of global music said:
“This new capability allows artists to get special access and rewards to specific fans they want to super-serve. Artists like Avenged Sevenfold are using Web3 and NFTs to build deeper relationships with their fans, and we’re proud to help foster that connection through live events.”
That's all we have for today.
We'd love to hear your feedback.
Until then, see you tomorrow, or on Twitter,// if you're there: @danielakpobare
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.
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