ORDI

Read

<p class="is-style-lead">Binance has added bitcoin non-fungible tokens (NFTs) to its marketplace only one day after the U.S. Securities and Exchange Commission (SEC) filed a complaint against the business.</p>



<p>In addition to BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks, this cryptocurrency exchange&#8217;s NFT marketplace will now feature over 25 collections of <a href="https://crypto.news/price/bitcoin/">bitcoin</a> NFTs.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> Network is now supported on <a href="https://twitter.com/TheBinanceNFT?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@TheBinanceNFT</a> Marketplace!<br><br>You can now buy, deposit, withdraw and list NFTs from the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> network directly from your <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> account 🫡<br><br>Find out more ➡️ <a href="https://t.co/tgJlo8SfJf" target="_blank">https://t.co/tgJlo8SfJf</a> <a href="https://t.co/ZwYGaT2aUS" target="_blank">pic.twitter.com/ZwYGaT2aUS</a></p>&mdash; Binance (@binance) <a href="https://twitter.com/binance/status/1666031422501449729?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The bitcoin community and the cryptocurrency industry are now fixated on <a href="https://crypto.news/learn/a-complete-guide-to-nfts/">NFTs</a> related to bitcoin because of their sudden prominence as a trendy issue. Introducing the ordinals protocol has made it possible to create these digital collectibles.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/binance-secures-certifications-in-europe-and-other-jurisdictions/" class="cn-block-related-link__link">
            Binance secures certifications in Europe and other jurisdictions        </a>

    
</div>


<p>Ordinals allow the &#8220;Inscription&#8221; of information like text or pictures onto the lowest unit of bitcoin, the satoshi. Since their introduction, demand for these Inscriptions has skyrocketed, with Dune Analytics reporting more than a million. </p>



<p>As the number of NFTs on the Bitcoin blockchain increases, so does interest in BRC-20, a token standard that, like ethereum&#8217;s ERC-20, makes it easier to create tokens.</p>



<p>Within 48 hours of the regulatory action, <a href="https://crypto.news/learn/beginners-guide-trading-binance/">Binance</a> offered bitcoin NFTs on its marketplace, showing that it was unfazed by the SEC complaint. Like FTX&#8217;s Sam Bankman-Fried, Binance CEO Chanpgeng Zhao (CZ) is named in the case and accused of commingling money at the cryptocurrency exchange.</p>



<p>Binance has responded by disputing the charges and criticizing securities authorities for their lack of clarity and fairness in regulating the new digital asset sector.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="The Binance lawsuit is a &#039;legislative failure&#039;, says fmr. SEC Senior Trial Counsel Howard Fisher" width="1020" height="574" src="https://www.youtube.com/embed/dZ1M4uVC-Fg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>The popular cryptocurrency exchange Coinbase has been sued by the Securities and Exchange Commission (SEC) for unregistered securities trading and other breaches. The federal government&#8217;s watchdog has lately discriminated against bitcoin businesses.</p>



<p>In addition, the cases argue that digital currencies like solana&#8217;s (SOL) and polygon&#8217;s (MATIC) are securities and hence should be regulated as such. None of the complaints filed against Binance, CZ, or Coinbase claim that <a href="https://crypto.news/price/ethereum/">ETH</a> is a security.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/sec-sues-coinbase-just-hours-after-binance/" class="cn-block-related-link__link">
            SEC sues Coinbase just hours after Binance        </a>

    
</div>

Binance launches bitcoin NFTs amidst SEC lawsuit

crypto.news

Other articles published on Jun 6, 2023

Terra Classic falls 11% ahead of its upgrade proposal

SUPER CHEAP Solana NFTs That Can Make You RICH

SEC Charges on Binance Catalyze PEPE’s Market Plunge to a 30-Day Low

Coinbase: SEC Hurts America's Economic Competitiveness; Business Operates as Usual

Illuvium Secures Additional $10M Funding From Framework Ventures

Striking the Balance: Lessons Learned from Ledger's Controversial Firmware Update

Join our free newsletter for daily crypto updates!