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Published: May 1st, 2023, 07:40

Don't lose your Binance WOTD streak! Here's the Word of the Day answer for today's Crypto WODL game.

Are you ready to crack the code and conquer Binance's Word of the Day challenge? Look no further! We've got you covered with the ultimate guilt-free guide to uncovering today's Binance WOTD answer. Oh, and to be clear -- there's zero shame in Googling today's Crypto WODL solution. I mean, there's no chance we'll let you ruin your streak!

So continue reading to learn the latest Binance Crypto WODL answers to stay ahead of the competition. If you're new to the game, we'll even walk you through the ins and outs of playing Binance Word of the Day, providing step-by-step instructions on how to tackle the mind-bending word challenges. You'll gain invaluable knowledge on mastering the game, from decoding clues to interpreting color-coded hints.

You will find the answers to the Binance WOTD below. Remember, each week features a new subject matter, with the solution ranging from three to eight letters. The theme of this week's Binance Crypto WODL is NFTs.

8 Letter Crypto WODL Answers

7 Letter Crypto WODL Answers

6 Letter Crypto WODL Answers

5 Letter Crypto WODL Answers

4 Letter Crypto WODL Answers

3 Letter Crypto WODL Answers

To play the Binance Crypto Word of the Day game, open the Binance app on your mobile phone and tap the "More" menu option. Then, navigate to the "Gift and Campaign" submenu and tap "WOTD" to begin the puzzle and guess the Binance Word of the Day. Alternatively, you could go directly to the web version.

You must enter your chosen word or combination of letters into the input field. After each guess (max six attempts), the game will provide feedback through color-coded titles representing the word's letters to guide you toward the correct word. So pay attention to the color changes in the tiles after each guess in the Binance Crypto WODL game.

A specific color or highlight indicates that a letter is in the correct position, while a different color might indicate that a letter is present in the word but in the wrong place. Letters that are not part of the word will be indicated as such. Based on the feedback received, refine your next guesses. Don't forget to use the clues to eliminate incorrect letters and position the correct ones.

You have a maximum of six attempts to guess the correct Binance WOTD. The words will refresh daily, so if you don't guess the right word within the allowed attempts, you can continue playing on subsequent days with new words and new chances to win. Remember to have fun, be strategic with your guesses, and use the feedback provided to your advantage in deciphering the Word of the Day in the Binance Crypto Word of the Day game.

Chadley is a Journalist and Editor at GINX. He primarily covers entertainment news but also covers a range of other topics. Beyond this, Chadley is pursuing a Ph.D. researching sleep, health, and performance in esports athletes. You can reach him via email at [emailprotected] or on Twitter at @itsactuallychad

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Binance Crypto WODL Answer Today (1 May 2023) - GINX Esports TV

Welcome to our latest crypto news update! Weve some exciting stories to cover in the crypto world, including the recent sentencing of a former CFO for embezzlement, the launch of a really cool NFT raffle, and Binances plans to re-enter the Japanese market. As always, were committed to keeping you up-to-date with the latest and most relevant news in the crypto space, so lets dive in and see whats been happening.

Cooper Morgenthau, the former CFO of AGAC, has been sentenced to three years in prison for embezzling $5 million from another Special Purpose Acquisition Company (SPAC). According to the US Department of Justice, Morgenthau reportedly used the stolen money to trade cryptocurrencies and meme stocks. This highlights the growing trend of individuals turning to cryptocurrencies as an alternative investment option.

Wakanda Inu has announced its WKD NFT raffle, which offers participants a chance to win thousands of dollars in this multi-winner system. The raffle is divided into four cycles closed, open, drawing winners, and post-draw with each cycle limited to a maximum of 2,000 participants and a minimum of 300 winners and a maximum of 500 winners, although with less participants, the number of potential winners also drops. Participants can buy or mint NFT tickets to take part in the raffle cycle. Revenue generated by NFT minting will be used to develop and publicize the Wakanda Inu ecosystem.

Crypto exchange Binance is set to re-enter Japan after acquiring the regulated crypto exchange platform Secure Exchange Bitcoin (SEBC). SEBC will end its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. Users of the SEBC exchange are required to withdraw their funds before May 28, and any remaining funds will be automatically converted to Japanese yen and transferred to users respective bank accounts.

Crypto tax solution Coinly has partnered with digital financial services provider Revolut to offer users an automated tax reporting service for cryptocurrency transactions. Revolut users can now generate crypto tax reports to calculate gains and losses by synchronizing their cryptocurrency transaction history with Coinly. This partnership highlights the growing need for comprehensive tax solutions for cryptocurrency investors.

Crypto exchange KuCoin has confirmed that an exchange user is responsible for launching thousands of meme coin scams. However, the exchange will not freeze the users assets without any official notice from law enforcement. While blockchain explorer Etherscan has marked the users address as a fake phishing wallet, KuCoins Johnny Liu has said that the exchange will only freeze the account when it receives a notice from relevant authorities.

As the world of cryptocurrencies and blockchain technology continues to evolve, its no surprise that theres always a new development worth watching out for. From the Cooper Morgenthau embezzlement charges to the WKD NFT raffle by Wakanda Inu, there is a lot to be excited about in the near future. Stay tuned for more! Follow Cryptotvplus on Twitter.

What do you think of this stories? Share your comments below.

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Crypto News Update: Ex-CFO of African Gold Acquisition ... - CryptoTvplus

The U.S. Commodity Futures Trading Commission (CFTC) could require Binance to cease operations in the U.S. as part of a potential settlement, Bernstein said in a research report on Tuesday.

The CFTC is charging Binance with violating laws around futures offerings, illegal off-exchange commodity options, failing to register as a futures commissions merchant, designated contract market or swap execution facility and other charges related to its know-your-customer (KYC) or anti-money laundering (AML) processes.

Binance.US is a minor part of the overall business and makes up less than 5% of the exchanges global operations, the report said.

Given that cryptocurrency trading is a global business, Bernstein expects that Binance will look to safeguard its dominant international business, which is its cash cow, and where it has worked on licenses in Europe, Africa and Australia, analysts Gautam Chhugani and Manas Agrawal wrote.

The broker says this latest enforcement is not material to overall crypto markets as Binance.US operations are not material, and it doesnt expect this news to trigger a large selloff in the market, as the regulatory narrative has pivoted from the U.S. to expected Hong Kong and China flows. The Hong Kong retail crypto market is expected to open up from June 1.

Bitcoin (BTC), the largest cryptocurrency by market cap, was trading 2.8% lower at $27,047 at time of writing.

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CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein - CoinDesk

The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for trading and derivatives laws violations. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license.

The lawsuit from the commodities watchdog in the U.S. took many by surprise, with market observers and reporters claiming it to be a political move. Eleanor Terrett, a Fox news reporter, tweeted that sources close to the CFTC suggest the commodities regulator decided to go for a lawsuit to show the Securities and Exchange Commission (SEC) that this is a commodities issue rather than a securities one.

The lawsuit accuses Binance of prioritizing commercial success over regulatory compliance. It said that Binance disregarded applicable federal laws while boosting Binances U.S. customer base. The U.S. regulator has accused Binance and its CEO, Changpeng CZ Zhao, of seven violations of the commodities exchange and act (CEA), and controlled foreign company(CFC) rules.

Apart from the regulatory violations, the suit also specifically targets Binances U.S. trading arms, Merit Peak and Binance.US. The CFTC alleged that Binance and its affiliated entities are a common enterprise with an ultimate beneficial owner (UBO) and under the direct control of CZ.

In the suit, the CFTC has demanded that Binance and CZ should be banned from engaging in any of the conduct described in this case, such as trading on registered entities, holding any commodity interest or directing any trading of digital assets. The CFTC also wants Binance to pay back the trading profits, revenues, salaries, commissions, loans and fees derived from U.S. persons, and pay civil penalties for the violations.

The CFTC lawsuit against Binance is a big deal for the crypto industry, given its general belief that the CFTC doesnt pursue small crypto players without merit. This was evident in the Bitfinex case back in 2018, in which the crypto exchange settled with a hefty fine in 2021.

Related:7 details in the CFTC lawsuit against Binance you may have missed

Adam Cochran, a crypto observer,reiterateda similar stance, saying the CFTC doesnt go after small frequent cases like the SEC, adding that Its a different beast and its cases are often fatal.

In his Twitter thread, Cochrancommentedthat the early evidence gathered by the CFTC could prove fatal for Binance. He added that Binance could either fight the case in the U.S. or settle it outside the court, but in all likelihood, it would be forced to cease operations in the United States.

Magazine:Best and worst countries for crypto taxes plus crypto tax tips

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Heres why CFTC suing Binance is a bigger deal than an SEC enforcement - Cointelegraph

The Commodities and Futures Trading Commission sued crypto exchange Binance and its CEO Changpeng Zhao for selling derivatives backed by digital assets to U.S. customers despite not being registered to do so, the latest effort by Washington to rein in cryptocurrency markets.

The suit, filed in federal court in Chicago, states that since July 2019 Binance has solicited and accepted orders and operated a facility for trading products such as futures and options that derive their value from cryptocurrencies. Binance is the world's largest cryptocurrency exchange. Binance has said it doesn't sell to customers in the U.S.

"The defendants own emails and chats reflect that Binances compliance efforts have been a sham and Binance deliberately choseover and overto place profits over following the law, Gretchen Lowe, CFTCs enforcement division principal deputy director and chief counsel, said in a statement.

Samuel Lim, Binances chief compliance officer, is also named in the suit for willful and substantial assistance in these activities. Shortly after the lawsuit became public, Binance's CEO tweeted the number "4" over from his account, which refers to an earlier goal for 2023 he has pinned to the top of his profile, "Ignore FUD, fake news, attacks, etc."

A spokeswoman for Binance said the lawsuit was "unexpected and disappointing," stating that Binance has worked "collaboratively with the CFTC for more than two years." She said it has made significant investments to ensure "we do not have U.S. users active on our platform," raising its compliance team to 750 from 100 and spending $80 million to bolster its compliance programs.

Cryptocurrencies bitcoin and ether are down more than 2% as of 1 pm ET, compared to the previous 24-hour period. The global market capitalization for all crypto assets fell 2.3% over that period.

Changpeng Zhao, founder of Binance. REUTERS/Benoit Tessier

This is the latest of many recent high-profile clashes between a U.S. regulator and the larger crypto world.

Story continues

The largest U.S. crypto exchange, Coinbase Global (COIN) said in a March 22 regulatory filing it received a Wells Notice from the Securities and Exchange Commission stating that SEC staff had made a "preliminary determination" to recommend an enforcement action for violations of federal securities laws. Coinbase, which does not offer commodities or derivatives in the U.S. to retail customers, said in a blog post last week that it was confident in the legality of our assets and services."

The SEC has separately issued 11 enforcement actions since the beginning of January against crypto firms and individuals, including one last week that targeted crypto entrepreneur Justin Sun. Several claim certain cryptocurrencies or crypto products are securities.

All of these legal battles could help establish how, and whether, cryptocurrencies are regulated in the U.S. One key area of debate is whether certain digital currencies are commodities or securities and therefore fall under the oversight of the CFTC and the SEC. The CFTC in its suit stated that bitcoin, ether and litecoin are all commodities.

The CFTC said Binance's efforts to dodge U.S. regulators began in 2017. Since the launch of its platform in 2017, Binance has taken a calculated, phased approach to increase its United States presence despite publicly stating its purported intent to block or restrict customers located in the United States, the regulator said.

In August 2020, according to its suit, CFTC said Binance documents showed the exchange earned $63 million in transaction fees while approximately 16% of its accounts were owned by U.S. customers. Binance actively instructed U.S. customers for how they could circumvent the companys restrictions by the use of virtual private networks (VPNs) as well as allowing customers to skate and submit a proof of identity or location, the suit said.

For certain VIP customers as well as key employees who controlled aspects of Binances trading derivatives trading operation, Zhao directed Lim to guide the company's VIP team to open accounts under the names of shell companies to evade compliance.

"Do not directly tell the user to run, just tell them their account has been unfrozen and it was investigated by XXX. If the user is a big trader, or a smart one, he/she will get the hint," Lim wrote to the team according to internal chat logs in the complaint that the CFTC accessed.

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US regulator goes after Binance in newest crypto clash - Yahoo Finance