![]() Musk has courted controversy surrounding the leading memecoin, in a series of tweets and public statements that coincided with large rallies and dips in the token’s price. Twitter and Tesla CEO Elon Musk said investors shouldn’t “bet the farm on Dogecoin” in a virtual conference Tuesday, Fortune reported. NOW READ: UK takes steps to regulate crypto like gambling - does that mean you can trade Bitcoin tax free? Musk warns Dogecoin holders not to “bet the farm” ![]() However, his brother Tyler Winklevoss had reservations about the inconsistent attitude of British lawmakers and regulators, highlighting a report from last week where members of parliament said crypto should be regulated like gambling. “And so, in order to keep building our business and invest in hiring, we have to look elsewhere.”īy comparison, Cameron Winklevoss said that “the UK is a great market” with a “multi-century tradition” of running businesses. “There are so many headwinds right now in the US it’s hard to get anything done there,” Cameron Winklevoss told The Telegraph as they met officials at the Financial Conduct Authority this week. The Winklevoss twins are considering setting up a second headquarter in London for their crypto exchange Gemini to escape the “headwinds” in the US. Users were making a…- Patrick Hillmann Winklevoss twins consider second HQ in London and decry US ‘headwinds’ The whole base of their story this morning, is that when users purchased BUSD (Paxos) from Binance, they were taken to a transaction page that had the term “deposit” on it. Let me explain just how desperate a journalist is to publish a negative story. ![]() ![]() The Reuters report cited three sources familiar with the matter, one of which said that the sums ran into billions of dollars and that commingling happened almost daily in Binance’s accounts with now-defunct US lender Silvergate Bank.īinance has denied commingling, saying that the accounts were used to facilitate user purchases and that they were “100% corporate funds.” “This story is so weak that they had to put up front, ‘Reuters found no evidence that Binance client monies were lost or taken’ in a transparent attempt to protect themselves from a libel suit,” Hillman continued, saying Binance had been very public about its regulatory shortcomings in the past. “Let me explain just how desperate a journalist is to publish a negative story, " Binance chief strategy officer Patrick Hillmann said in a Twitter post, saying that the story was based on how users purchasing the Binance USD stablecoin “were taken to a transaction page that had the term ‘deposit’ on it.” Binance hits back against ‘desperate’ commingling allegationsĬrypto exchange Binance has hit back against a Reuters report that alleged it commingled customer funds with revenue in 20, labelling it as “desperate.” ![]()
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