The crypto world is no stranger to twists and turns. In fact, the majority of investors who make money in this industry rely on these twists and turns to rake in windfall profits. In keeping with its character, the crypto industry threw new twists this week. However, some of these developments have the potential to leave a more long-term impact on the industry. Here's a quick overview of what you should know.

Australia Revoked Binance's (BNB) Derivatives License

Binance's (BNB) tussle with the regulators worldwide continues. This time, Binance (BNB) has found itself in the firing line of Australia's regulator, the Australian Securities and Investments Commission (ASIC). ASIC has revoked Binance's (BNB) derivatives license, which allowed it to offer leveraged crypto instruments in the country. Binance (BNB) has been instructed to liquidate all its extant positions by April 21.

ASIC's decision to revoke Binance's (BNB) derivatives license comes after a thorough review of the crypto exchange's classification of retail and wholesale investors. Under Australia's laws, retail investors are entitled to rights and protections, which Binance's (BNB) classification jeopardizes. Binance (BNB) has responded that it will wind down its derivatives operations and focus on spot trading within the country.

TMS Network (TMSN) Just Shy of $4 Million in Presale

TMS Network (TMSN) is a revolutionary decentralized exchange that brings equity and forex trading to crypto users. So, TMS Network (TMSN) supports cryptos, CFDs, forex, and equities on its trading platform. TMS Network's (TMSN) arrival marks a new era of decentralization in the industry. The DEX is governed by voting by native token holders, and the platform operates in a completely transparent manner. In other words, TMS Network (TMSN) will never suffer from the scams and illegal activities that plague CEXs like Binance and Coinbase.

In addition, TMS Network (TMSN) also offers a variety of resources and features to help its traders earn profits fast. Social trading, arbitrage trading signals, AI bot trading, educational webinars, and portfolio management apps are some of the benefits available to TMS Network (TMSN) users. TMS Network (TMSN) recently began its stage 2 presale and has already raised close to $4 million in funding. With its sights now set on the hard target of $12 million, TMS Network (TMSN) will soon be rolling out another round of token presales.

Ripple (XRP) Inadvertently Concedes That XRP May Not Be Securities

Ripple (XRP) received a much-needed breather on April 7 when SEC's expert conceded that up to 90% of Ripple's (XRP) movement since mid-2018 can be explained by the fluctuations in Bitcoin and Ethereum. The SEC had also previously asserted that Ripple (XRP) investors are not relying on the company's commercial operations to generate profits for them; instead, they rely on Ripple's (XRP) legal efforts against the SEC to bear fruits. Bill Morgan, a pro-Ripple (XRP) lawyer, argues that since Ripple's (XRP) own commercial efforts have had little to no bearing on the token's price in recent years, it cannot be treated as a security.

Interestingly, another pro-Ripple (XRP), Jeremy Hogan, opined that the judge could go for an unforeseen judgment and "split the baby." That is to say, the judge may treat Ripple (XRP) in the pre-2018 era as securities and not beyond that. In any case, the SEC has found itself in a unique position by admitting that Ripple's (XRP) own actions have had little effect on its token's price, effectively diluting their claim that the token is a security.

For more information on TMS Network (TMSN), follow the links below:

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6