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Binance to List Meme Coin BONK, Price Up 115% in 24 Hours – Cryptonews

Source: Binance

After Coinbase, Binance has announced to list hyped meme coin BONK under seed tag section. The trading for the Solana-based meme coin will open at 16:00 Beijing time.

The price of BONK is up over 115% in the last 24 hrs and over 1100% in the last 30 days.

With a market cap of over $1.7 billion, BONK is only behind Dogecoin and ShibaInu.

As per the official announcement, new spot trading pairs for BONK include: BONK/USDT, BONK/FDUSD, and BONK/TRY.

Users can already start depositing the meme coin on Binance in preparation for trading. Withdrawals for BONK will open on 16th December, 08:00 (UTC).

In addition, Binance will add BONK as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-12-15 08:00 (UTC). The new isolated margin pair for the cryptocurrency will be BONK/USDT.

Accessing tokens labeled with a Seed Tag on Binance Spot and/or Binance Margin platforms now requires users to successfully complete the relevant quizzes every 90 days, in addition to accepting the Terms of Use.

As per Binance, the quizzes have been designed to verify users awareness of associated risks before engaging in trading activities involving Seed Tag tokens.

Identifying Seed Tags is facilitated on the respective Binance Spot and Binance Margin trading pages, along with the Markets Overview page. To further emphasize risk awareness, a warning banner will be prominently displayed for all tokens featuring the Seed Tags, creating a comprehensive system to inform and educate users about the unique risks associated with these specific tokens.

Earlier, Coinbase announced to list BONK after which the price of the meme coin surged significantly.

The recent surge in Bonk token value has led to a swift sellout of Solanas Saga mobile phones in North America, with only a limited number remaining in Europe. Each Saga mobile phone includes 30 million Bonk tokens, valued at around $900 with current BONK price, which basically covers the cost of the phone itself.

Interestingly, Solana Labs co-founder Anatoly Yakovenko recently expressed regret on a podcast regarding the initially underestimated success of the Saga mobile phone sales.

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SEC wants Binance guilt admission added to own case – Cointelegraph

Binance Holdings and its former CEO, Changpeng Zhao, have reacted to a move by the United States Securities and Exchange Commission (SEC) to include Binances admission of guilt to the Department of Justice (DOJ) in its own legal proceedings.

In a Dec. 12 filingsubmitted to the U.S. District Court for the District of Columbia, Binance insisted the SECs attempt to include the $4.3 billion guilty plea and settlement agreement with the DOJ in the continuing case was procedurally incorrect and should not be allowed.

The ongoing Binance-SEC legal case began on June 5, 2023, when the agency accused the company of 13securities law violations, including that Zhao and Binance managed customer assets on Binance.US and mixed or redirected customer assets.

The DOJ negotiated a separate settlement with Binance and its former CEO in November that resolved its probe into the company. The deal required Binance to pay $4.3 billion in penalties and allowed the company to continue operations while adhering to U.S. regulations.

Although not formally included in the settlement, the SEC contended that the federal court overseeing its case against the exchange should consider the statements and acknowledgments made by Binance and Zhao in the Nov. 21 settlement.

The SEC argued that the settlements demonstrate that Binance was well aware it was operating in the U.S., serving U.S. customers and tapping into infrastructure within the U.S. for transactions. In reply, Binance argued the SEC did not show how the resolutions reached with the DOJ were relevant to any of the SECs faulty claims against Binance Holdings and Zhao.

In court papers submitted on Dec. 12, 2023, Binance argued that the SEC notice does not substantiate its claims in the lawsuit from June 2023. It said:

Related: SEC serves suit to evasive Richard Heart in Finland, but not in person

The company added that presenting a judicial notice is not a substitute for amending a complaint. According to the companys statement, the SECs attempt to leverage resolutions with other agencies indicates a lack of information regarding any appropriate regulatory authority on the part of the SEC.

Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?

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Binance Lists BONK Token, Solana-Based Memecoin that Gained 1,000% in 30 Days – Coinspeaker

Binance has officially listed the BONK token with limited trading pairs, and will allow users to withdraw the tokens from tomorrow.

Major cryptocurrency exchangeBinancehas announced its decision to officially list Bonk (BONK), the dog-themed meme coin on the Solana (SOL) blockchain. According to an officialannouncement, the listing went live today at 8:00 (UTC).

Binance said Bonk will initially begin trading with three new pairs, including BONK/USDT, BONK/TRY, and BONK/FDUSD. TRY represents the Turkish Lira, a fiat currency that does not represent any cryptocurrency. Users are allowed to start depositing BONK and trading it, but will only have access to withdrawals from 8:00 (UTC) on Saturday.

Interested traders should note that Binance will apply the Seed Tag to BONK.Introducedin July, theSeed Tagis Binances solution to users confusion with differentiating tokens listed in the Main Trading Zone and the Innovation Zone. Binance uses the Seed Tag to note tokens listed in the Innovation Zone, as well as any future listings for innovative projects. Users should note that projects with the Seed Tag have higher volatility and risks that may not be present with other listed tokens.

Binance enforces a quiz for users looking to trade any tokens with Seed Tag. Traders must pass quizzes every 90 days on the exchanges Spot or Margin platforms and also accept the firms Terms of Use. The purpose of the quiz is to ensure that users understand the risks applicable to trading Seed Tag tokens.

First issued in December 2022. BONK is a Shiba Inu-themed token launched on Solana as a meme token. Although it was initially introduced as a meme coin, it is enjoying some adoption on the Solana blockchain. Several developers on the network have already started using Bonk as payment for non-fungible tokens (NFTs).

According to a report, Bonk began with a team of 22 people without a leader. All team members have a history of building NFTs, decentralized applications (dApps), and related products on the Solana blockchain. As of last week, BONKs trading volume had hit $80 million, rising 900% from the daily average recorded at the beginning of November. In addition, open interest (unsettled futures positions) in BONK also spiked 900% from $10 million to $100 million. Also, according to current CoinGecko data, BONK has jumped nearly 1,000% in the last 30 days.

On Wednesday, major American crypto exchange Coinbaseannounced its decision to list BONK. Shortly after the announcement, BONK gained 8%, climbing to $0.00001132. As of Wednesday, BONK had risen by more than 400% in 30 days. By Thursday, the day after Coinbases announcement, BONK climbed another 40%. Coinbase however said its approach to listing the token would be cautious. According to a statement, the exchange said it would first establish sufficient supply. After that, the token will launch in phases.

Earlier this week, BONKdisplacedPepe to become the third-largest meme coin in the crypto market by market capitalization. A large part of BONKs recent jump could be tied to the general explosion in the Solana ecosystem. According to MarketWatch data, Solanas native SOL token has returned more than 491% this year.

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Ethereum Gaming Altcoin Rallies As Massive Whale Withdraws From Binance: On-Chain Data – The Daily Hodl

One Ethereum (ETH)-based gaming altcoin soared as a crypto whale suddenly moved a massive amount of the projects tokens off an exchange, on-chain data shows.

As reported by blockchain tracking firm Lookonchain, layer-2 scaling solution ImmutableX (IMX) shot up 20% as a crypto whale made big moves.

The price of IMX increased by 20% today. We noticed that three wallets (possibly belonging to the same whale) withdrew 4.3 million IMX ($9.6 million) from Binance [Monday].

This whale has six related wallets and currently holds a total of ~40.54 million IMX ($90.8 million).

IMX is trading for $1.98 at time of writing, down 3.8% in the last 24 hours.

Lookonchain also noticed that SATS (Ordinals) is soaring amid key listing by top global crypto exchange Binance.

The SATS price is up ~120% since Binance announced the listing of BRC-20 Sats.

On-chain data shows that the top 20 holders of SATS hold 333.3T SATS ($150.8 million, 15.90% of the total supply).

Six of the top 20 holders obtained SATS through minting, with ~78.57 million SATS ($35.5 million).

SATS is trading for $0.000000515075 at time of writing, up 123.4% in the last 24 hours.

Lastly, Lookonchain reported a HashKey-suspected wallet abruptly moved a massive amount of Ethereum onto Binance, suffering a loss.

The wallet related to HashKey has deposited a total of 17,108 ETH ($38.1 million) to Binance after the ETH price plummeted, losing more than $2 million.

Ethereum is trading for $2,187 at time of writing, down 1.4% in the last 24 hours.

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Philippines SEC prepares to ban Binance in three months – Crypto Briefing

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The Philippines Securities and Exchange Commission (PSEC) chair Kelvin Lee clarified in a panel hosted at Coins.ph on December 13, 2023, that the commission is preparing necessary steps to block and ban Binance in the country within three months.

According to a report from BitPinas, a Philippines-based crypto news publication, the panel was organized to clarify public confusion on the matter. This comes after the PSEC issued an advisory warning users about Binances current status as an unregistered exchange.

It is supposed to be three months from our issuance date. Three months from November 29. Depending on how feedback is, we can actually extend that, but currently we should feel lucky with the three months, said Commissioner Kelvin Lee.

The advisory issued by the commission on November 29, 2023, said that the exchange was not authorized to sell or offer securities in the country, given that it was not registered, nor had it tried to register for a VASP (Virtual Asset Service Provider) license from the commission.

Based on the Commissions database, the operator of the platform Binance is not registered as a corporation in the Philippines and operates without the necessary license and/or authority to sell or offer any form of securities, the PSEC stated.

A VASP license is required for exchanges to process crypto-to-fiat transfers and trades alongside management and custody of virtual assets. The definition of virtual assets follows current frameworks set by the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog. As of October 27, 2023, the Philippines is on the FATFs developing watchlist. There are currently 17 VASPs in the country.

Lee received criticism after the commission issued the advisory on Binance and discussed the prospect of a ban. In the panel, Lee confirmed that Google and Meta have responded to the SECs request to block Binance-related ads in the country. The details on this pronouncement are scarce, but its worth noting that Google recently made crucial changes to its advertising policies for crypto, prior to the imminent approval of a Bitcoin ETF.

I kept getting asked: why ban Binance when it is cheaper and has more optionsof course, they are cheaper because they never bothered to register in the Philippines and bothered to comply. Unlike the registered entities, there is of course compliance costs (that the VASPs have to shoulder), said Lee.

In November, Binance entered into a $4.3 billion plea deal with the US Department of Justice for money laundering indictments. Binance ex-CEO Changpeng Zhao has since stepped down after pleading guilty.

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Binance Opposes SEC Attempt to Advance Ongoing Lawsuit Using the $4.3B Settlement With DOJ – The Crypto Basic

Binance has filed a new motion opposing the SECs attempt to use the exchanges $4.3 billion settlement with the DOJ to advance its ongoing litigation.

Binance Holdings, the worlds largest crypto exchange by 24-hour trading volume, has submitted a new document to further support its motion to dismiss the lawsuit from the SEC.

The motion was filed yesterday by Binance, its subsidiary Binance.US, and the exchanges former CEO Changpeng Zhao (CZ) in response to the SECs opposition to a motion to dismiss the commissions lawsuit.

Recall that the SEC charged Binance and CZ with violating securities law by operating an unregistered securities exchange in June. The regulator listed various crypto assets as unregistered securities, including BNB, SOL, and MATIC.

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With Binance asking the court to dismiss the lawsuit, the SEC opposed the motion, informing the court that the legal tussle should proceed despite the exchanges $4.3 billion settlement with the DOJ and FinCEN.

The securities regulator claims Binances $4.3 billion settlement with U.S. regulators bolsters its case against the exchange. Consequently, it urged a federal court in Washington to weigh Binance and CZs admission during the settlement to advance its lawsuit against the exchange.

In a filing yesterday, Binance countered the SECs claim, stating that its agreement with CFTC, DOJ, and FinCEN is not materially related to the commissions charges.

Furthermore, Binances attorneys argued that the SEC did not present new evidence in its supplementary brief.

It bears mentioning that Binances settlement borders on the exchanges violation of the United States Bank Secrecy Act (BSA).

The DOJ and FinCEN argued that Binance violated the Bank Secrecy Act by failing to maintain and implement an effective anti-money laundering (AML) program in the early stage of its exchange.

Conversely, the SECs lawsuit against Binance relates to the exchanges alleged violation of United States securities law.

That facts in the plea agreements with the DOJ show that Binance Holding and CZ violated the Bank Secrecy Act does not say anything about whether there was fair notice of the SECs theory that the crypto assets at issue were securities under the Securities Act, Binance argued.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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WVU to launch robotics engineering major | WVU Today | West Virginia University – WVU Today

West Virginia University students in the undergraduate robotics engineering program will have opportunities to conduct research in robotics and participate in student projects and competition groups. (WVU Photo)

Students interested in the rapidly evolving world of robotics will now be able to enroll in a new robotics engineering major at West Virginia University following approval by the Board of Governors during a meeting Friday (Dec. 15).

The four-year degree program will officially launch in fall 2024 and builds on the globally recognized successof existing WVU robotics-related efforts.

Robotics engineering is one of the fastest growing professions in the world, Provost and Vice President for Academic Affairs Maryanne Reed said. This program will prepare students for a rewarding career in robotics engineering across well-established sectors such as aerospace, defense, transportation, health care and agriculture.

The BOG has approved more than a dozen new majors and programs in the last 12 months, including 10 majors at the undergraduate level and two graduate programs.

Master of Science in Psychology: Behavior Analysis

Master of Science in Neuroscience

Bachelor of Science in Engineering Technology

Bachelor of Science in Scientific and Technical Writing

Bachelor of Arts in Professional Writing and Editing

Bachelor of Arts in Esports Business and Entertainment

Bachelor of Arts in Sustainability Studies

Bachelor of Science in Earth and Environmental Science

Bachelor of Science in Environmental Engineering

Bachelor of Arts in Sport Leadership

Bachelor of Science in Forestry in Wood Science and Technology

LPN to BSN Program at WVU Potomac State College

The Country Roads Certificate Program gained approval to better prepare undergraduate students with disabilities for independence by providing academic courses, social engagement and real-world work experiences.

This year also saw the School of Medicine partner with the WVU Cancer Institute to provide oncology physical therapy training opportunities through a new residency program the first such program in West Virginia and one of just seven in the United States.

And Integrated Marketing Communications launched an executive cohort designed for mid-career, director-level marketing communications professionals.

We have been listening to students and working closely with deans, department chairs, faculty, our enrollment and recruitment experts, and others to adapt to meet the changing needs of students, Reed said. With more than 300 majors across a vast array of disciplines, WVU is well positioned to prepare the next generation of leaders for exciting careers.

Fridays meeting preceded Commencement ceremonies planned Saturday (Dec. 16). In his report to the Board, President Gordon Gee acknowledged the hard work and dedication of nearly 2,700 students who will receive their degrees.

Those of us taking part in the two ceremonies will once again enjoy honoring our graduates accomplishments and wishing them well for the future. Gee said.

Gee also highlighted the recent collaboration of WVU Extension, the U.S. Forest Service and others to bring the U.S. Capitol Christmas Tree from West Virginia to Washington with an abundance of Mountain State cheer.

As another year ends, this project symbolizes hope and renewal for West Virginia and our University, Gee said.

In other action, members approved the annual Personal Rapid Transit Agency Safety Plan and a proposal from the November meeting to form a Governance Ad Hoc Committee which will be chaired by BOG member Dr. Patrice Harris. The committee will work with the Universitys general counsel to map out and provide guidance to the Board related to several areas, including a presidential search, Board training and other functions. Harris will step down as chair of the Academic Affairs and Accreditation Committee and be replaced by Charles Capito.

Download the BOG Meeting Agenda Booklet from Dec. 15.

The next regular BOG meeting is scheduled for Feb. 23, 2024.

-WVU-

ak/12/15/23

MEDIA CONTACT: April KaullExecutive Director of CommunicationsUniversity Relations304-293-3990; akaull@mail.wvu.edu

Call 1-855-WVU-NEWS for the latest West Virginia University news and information from WVUToday.

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Bumbling, bungling and bombshells at the T – Cambridge Day

It is a great irony that the T lies within a stones throw of a half-dozen schools of engineering, including one of the best engineering schools in the world. It is irony piled upon irony when we remember that the T lies within a stones throw of a half-dozen business schools, including one of the best business schools in the world.

Yet that may be part of the problem, over the past 40 years in business schools, financial engineering has become the most important and popular part of the curriculum. The best students aspire to raise money for their firms and for their clients using very esoteric financial instruments.

Yet in the mundane real world, mechanical engineering and civil engineering matters.

In the real world, manufacturing matters.

In the real world, operations matter.

In the real world, especially for the T, quality control matters.

The T contracted with one company to do the construction and with another company to undertake quality control. It might make some sense to have a different firm to evaluate the outputs from the constructors, but only in the world of financial engineering would an organization structure the quality control of inputs to be outsourced to a different company because it was the cheapest option.

Only in the world of financial engineering would an organization choose to forgo the tight control and integration of quality control for inputs with the core functions of construction and operations in favor of an arms-length relationship with a contractor.

This failed. The T has been accepting rail cars that malfunctioned and more recently accepting thousands of pre-assembled railway ties whose brackets the metal plates to hold the rails were set at the wrong gauge. This will mean an immense amount of rework.

Where was quality control at the contractors?

Where was quality control at the T?

The situation at the T is complicated by the fact that although the top executive just learned about the narrow tracks, the maintenance-of-way staff knew of the problem in April 2021 and piecemeal fixes to the problems were started then.

We know that it is incredibly difficult to get accurate information up organizational hierarchies. There are two problems: uncertainty absorption and the self-interest of subordinates.

Uncertainty absorption

Most work in organizations is structured hierarchically so communication flows up and down the organization. There are, however, times when communication must flow between different functions at the same level.

The problem is that distinct levels in the organization have different perspectives, and diverse groups at the same level have different interests.Folk at the bottom are concerned with operational nitty-gritty issues; those in the middle worry about administrative issues. Top managers should be worrying about strategic issues. Thus, information selected at the bottom for its operational relevance may be useless from a strategic perspective especially after the middle managers have put their administrative spin on it. Furthermore, information that is relevant from a strategic perspective may never be noticed because it is irrelevant for operational purposes.

In organizations, different departments have different frames of reference. For example, R&D people are concerned with technical issues; marketing people were more balanced having almost equal concern with business issues, customer needs, selling and technical issues; managers in manufacturing are concerned with production issues and, to a lesser extent, technical issues. These different foci make it difficult to share insights. When people with different frames of reference communicate, the receiver will distort the incoming information to fit her/his frame of reference.

Self-serving subordinates

In organizations, information is power. By holding back information, an individual makes others dependent on them in decision-making. In other situations, where there is a major difference in the technical competence between a manager and a subordinate (so the boss is unaware that the wool is being pulled over his eyes), the subordinate can manipulate the flow of information so as to make sure the boss makes decisions that are consistent with the subordinates best interests even though they may be sub-optimal for the organization. How can managers prevent being manipulated in this way? The shield against this kind of manipulation is by being as technically well informed as the subordinate. This enables the manager to undertake his own evaluation of the adequacy of the information.

A second form of misinformation that comes from subordinates is the suppression of unwelcome news or the inflation of good news.

The best way for managers to overcome both kinds of distortion is for the boss to reach down the hierarchy to gain information directly from the subordinates own subordinates rather than having it filtered through the bottleneck of the subordinates filtering mechanisms.

This, the Ts top managers must do. Now.

Martin G. Evans is a writer in Cambridge whose contributions on managerial and political issues have appeared in The Boston Globe, Cambridge Chronicle, MetroWest Daily News, Providence Journal, Toronto Star, Globe and Mail of Toronto, National Post of Toronto and the former Toronto Financial Post. He has taught at the Rotman School of Management at the University of Toronto, London Business School, George Mason University, Rutgers University and the Harvard School of Public Health.

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Restoration of sensory feedback from the foot and reduction of phantom limb pain via closed-loop spinal cord stimulation – Nature.com

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Restoration of sensory feedback from the foot and reduction of phantom limb pain via closed-loop spinal cord stimulation - Nature.com

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MSU business, engineering professors among most cited researchers in the world – Mississippi State University

Contact: Aspen Harris

STARKVILLE, Miss.Two prolific Mississippi State research professors are among the most-cited researchers in the world in the fields of business and economics, and geosciences.

James J. Chrisman, the Julia Bennett Rouse Endowed Professor in Management in MSUs College of Business, and Qian Jenny Du, the Bobby Shackouls Endowed Professor in the universitys Department of Electrical and Computer Engineering, again are named as Highly Cited Researchers in Clarivate Analytics 2023 Web of Science citation index. They are listed among scientists and social scientists around the world whose papers rank in the top 1% of citations for a field and publication year.

Chrisman, a top-cited researcher in business and economics, is one of only 86 researchers in the world in the field to be recognized. He has over 60 journal publications, along with a published book and book chapters. He has bachelors and masters degrees in business administration and finance from Western Illinois University and Bradley University, respectively. He also holds a Ph.D. in strategic management from the University of Georgia.

Du is a top-cited researcher in geosciences who has been referenced approximately 22,379 times. An MSU faculty member since 2004, her research interests are in digital image processing, remote sensing, data compression, neural network and superresolution. Du has served as an editor for several respected journals and has over 600 journal publications, among other published works. Her bachelors and masters degrees are from the Beijing Institute of Technology, and her masters and doctoral degrees are from the University of Maryland, Baltimore County, all in electrical engineering.

Mississippi State University is taking care of what matters. Learn more at http://www.msstate.edu.

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MSU business, engineering professors among most cited researchers in the world - Mississippi State University

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