The world of cryptocurrency has been in a state of legal turmoil as two major players, Binance (BNB) and Uniswap (UNI), find themselves involved in lawsuits. Meanwhile, a shining star, Everlodge, has emerged, redefining the landscape of investment with its innovative approach.
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Binance (BNB) in Trouble: Exchange Faces Lawsuits, Halts BUSD Support
Binance (BNB) has been facing a lot of challenges lately. The platform has announced that it will be phasing out support for its BUSD stablecoin, which has caused a lot of concern among users. The decision comes after the New York Department of Financial Services ordered Paxos to halt issuing the stablecoin. Binance’s (BNB) CEO, Changpeng Zhao, had previously hinted that BUSD would be wound down, but the timeline for this has been accelerated.
In addition to the BUSD issue, Binance (BNB) is also facing lawsuits from the Commodity and Futures Trading Commission (CFTC), and the U.S. Securities and Exchange Commission (SEC). The CFTC is alleging that Binance (BNB) operated an unregistered derivatives exchange, while the SEC is alleging that Binance (BNB) failed to register its digital asset offerings.
The price of Binance (BNB) has been declining in recent months, reflecting the challenges that the exchange is facing. Binance (BNB) is down about 60% from its all-time high of $686.
Uniswap (UNI) Legal Woes Eased, But Token Price Still Suffers
Legal struggles have also touched Uniswap (UNI), but the Southern District Court of New York dismissed a class action lawsuit against Uniswap (UNI).
The lawsuit alleged that Uniswap (UNI) was selling unregistered securities. However, the court ruled that Uniswap (UNI) is not responsible for third-party misuse of its protocol.
Additionally, the price of Uniswap (UNI) has been fluctuating in recent months. Uniswap (UNI) is down about 89.66% from its all-time high of $44. 97. This volatility highlights the challenges that Uniswap (UNI), and other DeFi projects still face.
Everlodge (ELDG) Presale Selling Fast: Act Now to Secure Your Tokens
The average vacation rental stay is 7 nights. Now imagine owning a part of a vacation home, renting it out, and earning passive income. With Everlodge, you can make this dream a reality. Everlodge will use blockchain technology to make luxury property ownership more accessible to everyone. With Everlodge, you can own a slice of a high-end vacation home, or hotel, for as little as $100. This is possible through the use of NFTs, which represent fractional ownership in real estate assets.
Additionally, the platform will have more features to make your investment better. For example, you will be able to buy and sell parts of NFTs in the platform’s Marketplace. Moreover, real estate developers will be able to raise money through the platform’s Launchpad.
Furthermore, the Lending feature will let people use their NFTs, and tokens as security to get low-interest loans. This will help to connect the real estate, and crypto finance worlds, and will give physical property owners more ways to get money.
ELDG tokens are more than just a way to join the community. The platform also offers people real rewards. Token holders get a variety of benefits just by holding onto their tokens, which encourages people to stay involved in the project’s ecosystem.
The token price has increased from $0.01 to $0.012. The platform’s pricing model is dynamic. Thus, the price of ELDG tokens will increase at each presale stage. The next price increase will be $0.016. Additionally, the platform has already sold over 28 million tokens.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
