{"id":582601,"date":"2023-06-06T16:37:10","date_gmt":"2023-06-06T15:37:10","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582601"},"modified":"2023-06-06T16:37:17","modified_gmt":"2023-06-06T15:37:17","slug":"bitcoin-nfts-added-to-binance-marketplace","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-nfts-added-to-binance-marketplace\/","title":{"rendered":"Bitcoin NFTs Added To Binance Marketplace Post-SEC Crackdown"},"content":{"rendered":"\n<p>Summary: <\/p>\n\n\n\n<ul><li>The Bitcoin network is now supported on the Binance NFT marketplace.<\/li><li>NFTs on Bitcoin are a hot new narrative capturing attention within BTC\u2019s community and the broader crypto market narrative<\/li><li>Binance announced the feature hours after the U.S. SEC unleashed a lawsuit based on securities violations.<\/li><li>Coinbase was sued by the SEC alleging similar rule-breaking a day after.<\/li><\/ul>\n\n\n\n<p>Binance, one of the world&#8217;s largest cryptocurrency exchanges, has <a href=\"https:\/\/www.binance.com\/en\/support\/faq\/supported-bitcoin-nft-collections-on-binance-566a47f0ad50498cb7fb4bc00a7f4ee2\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.binance.com\/en\/support\/faq\/supported-bitcoin-nft-collections-on-binance-566a47f0ad50498cb7fb4bc00a7f4ee2\" rel=\"noreferrer noopener nofollow\">added<\/a> Bitcoin NFTs to its marketplace, just one day after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company.\u00a0<\/p>\n\n\n\n<p>The crypto exchange&#8217;s NFT marketplace will now support over 25 Bitcoin NFT collections including BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas,  and Bitcoin Punks. <\/p>\n\n\n\n<p>NFTs on Bitcoin are a hot new narrative capturing attention within BTC\u2019s community and the broader crypto market narrative. These digital collectibles became possible thanks to the Ordinals Protocol. <\/p>\n\n\n\n<p>Users can leverage Ordinals to embed data like texts and images on the smallest unit of Bitcoin known as Satoshi through a process called &#8220;Inscription&#8221;. Inscriptions have boomed since they first debuted and now number over 1 million, per Dune Analytics data. NFTs on Bitcoin also picked up steam along with BRC-20 hype, a token standard for creating tokens akin to ERC-20 on Ethereum. <\/p>\n\n\n\n<h2>Binance Unfazed By SEC Lawsuit<\/h2>\n\n\n\n<p>Bitcoin NFTs on Binance NFT Marketplace rolled out less than 48 hours after the U.S. Securities and Exchange sued the crypto exchange for <a href=\"https:\/\/en.ethereumworldnews.com\/binance-cz-vigorously-litigate-sec\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/binance-cz-vigorously-litigate-sec\/\" rel=\"noreferrer noopener\">operating an unregistered securities exchange<\/a>. CEO Chanpgeng Zhao or CZ was also sued for commingling funds, a similar accusation levied against FTX Founder Sam Bankman-Fried. <\/p>\n\n\n\n<p>Binance responded by denying the allegations while chastizing the securities regulators for its misguided refusal to create clear and fair guidance for the nascent digital asset industry. <\/p>\n\n\n\n<p>Similar to Binance, Coinbase was <a href=\"https:\/\/en.ethereumworldnews.com\/sec-sues-coinbase-after-binance\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/sec-sues-coinbase-after-binance\/\" rel=\"noreferrer noopener\">sued<\/a> by the SEC for unregistered securities trading and other securities violations. Indeed, the federal regulator has dropped the hammer on crypto companies in recent months. <\/p>\n\n\n\n<p>The lawsuits also allege that cryptocurrencies like Solana&#8217;s SOL and Polygon&#8217;s MATIC are securities and therefore should fall under the purview of securities laws. Notably, none of the lawsuits against Binance, CZ, or Coinbase claim that ETH is a security. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: The Bitcoin network is now supported on the Binance NFT marketplace. NFTs on Bitcoin are a hot new narrative capturing attention within BTC\u2019s community and the broader crypto market narrative Binance announced the feature hours after the U.S. SEC unleashed a lawsuit based on securities violations. Coinbase was sued by the SEC alleging similar rule-breaking a day after. Binance, one of the world&#8217;s largest cryptocurrency exchanges, has added Bitcoin NFTs to its marketplace, just one day after the U.S. [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":573480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1119,1233,130,108929,5530],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582601"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582601"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582601\/revisions"}],"predecessor-version":[{"id":582602,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582601\/revisions\/582602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/573480"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}