Author: NBTC
Better Markets CEO Dennis Kelleher believes that the U.S. Securities and Exchange Commission has a 90% chance of eventually winning the Ripple case on appeal. Kelleher opined that the judge had gotten “90 years of law upside down” with the July 2023 ruling, which deprives unsophisticated investors of the protection offered by securities laws. Last year, Judge Analisa Torres famously ruled that only Ripple’s institutional sales violated the securities laws. However, the controversial ruling was rejected by U.S. District Judge Jed Rakoff. As reported by U.Today, Rakoff opined that the method of sale should not affect the legal status of…
Today, June 17, marks the 14th anniversary of one of the most pivotal statements in the history of cryptocurrency, one made by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Exactly 14 years ago, Satoshi articulated a key aspect of Bitcoin’s nature that has since become a cornerstone of its identity and functionality. In a tweet, renowned Bitcoin historian @Pete_rizzo on X highlighted Satoshi’s historic statement about Bitcoin. ✨ Satoshi Nakamoto on #Bitcoin exactly 14 years ago pic.twitter.com/StaCC802SM — The Bitcoin Historian (@pete_rizzo_) June 17, 2024 In a statement that dates back to June 17, 2010, and would shape the future…
A research paper titled “Potential Climate Impact of Retail CBDC Models” tests Algorand and Hedera as a representation of the e-Krona model and its decentralized design. At press time, 130 countries had explored the possibility of rolling out a CBDC, representing 98% of the global GDP. The Sweden Riks Bank has reportedly subjected Algorand and Hedera to test for retail solutions for the e-Krona’s project. In a report entitled “Potential Climate Impact of Retail CBDC Models,” Riks Bank explored a several aspect of the project, claiming it is designed as a token utilizing blockchain technology. According to the report, the…
The IRS has recently introduced new rules to simplify the income tax return and taxes for crypto investors. These changes promise to make taxation more transparent and manageable. Let’s see all the details below. How the new IRS regulations will affect taxes on crypto Reactions of the sector and opinions of the experts Impacts on future tax regulations How the new IRS regulations will affect taxes on crypto In recent years, tax regulations on cryptocurrencies have been a source of confusion for many investors. However, the ‘IRS has recently announced a series of changes aimed at simplifying the income tax…
New whales aggressively accumulate Bitcoin, while old whales slightly reduce their holdings. This behavior suggests a mix of bullish sentiment among new market entrants and strategic repositioning among long-term holders. Large holders also show strong accumulation, supporting Bitcoin’s mid-term prospects. New Whales Accumulating BTC The supply held by new whales, defined as addresses holding more than 1,000 BTC and with an average detention time of less than six months, has seen a substantial increase. The total supply for this cohort rose from approximately 1,577,544 BTC to 1,784,327 BTC, an increase of 206,783 BTC. Moreover, the realized capitalization for new whales…
Ripple CLO Stuart Alderoty asserts that XRP’s non-security status alongside Judge Analisa Torres’ decision on XRP secondary market sales will not change even if the SEC appeals. He made the assertion during a recent interview with law professor J.W. Verret on Crypto Law TV. Prominent XRP community figure Digital Asset Investor shared an excerpt from the interview, focusing on what might happen if the SEC decides to appeal. What if the SEC appeals the @ripple case? @s_alderoty @JWVerret pic.twitter.com/xoaAAewjcy — Digital Asset Investor (@digitalassetbuy) August 15, 2024 According to Alderoty, Judge Torres’ decisions about XRP not being security in itself…
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining Highs Amid Market Fluctuations While bitcoin (BTC) surpassed the $70,000 mark for 14 days in 2024, it has maintained a position above $60,000 for a considerably longer period. As of Sunday, June 16, bitcoin’s value stands at $66,572 per unit, approximately 10% below its all-time high of $73,794,…
Developed by the Philippines’ crypto exchange Coins.ph, the PHPC stablecoin tied to the Philippine Peso has made its way to Ronin. PHPC, an Ethereum-based stablecoin created by Coins.ph, is now available on Ronin, enabling local blockchain game players to use their in-game earnings and funds to pay for goods and services within the country. PHPC is LIVE on Ronin! 🇵🇭The stable coin of the Philippines has arrived ⚔️• 1 PHPC ≈ 1PHP⁰• Approved by the Bangko Sentral ng Pilipinas⁰• Supported by @coinsphFull announcement 👇📜 : https://t.co/wNAWuCJdsO pic.twitter.com/C4IsbreU2V — Ronin (@Ronin_Network) July 8, 2024 In a Jul. 8 blog announcement, Ronin…
Eleanor Terrett, a crypto journalist, in her blog post highlighted the shortcomings of the ‘Crypto for Harris’ town hall meeting held on Wednesday. The event, which aimed to address crypto regulations and industry growth, fell short of expectations, leaving many viewers dissatisfied. Terrett’s analysis captured mixed reactions from attendees, focusing on the issues that emerged during the town hall. 🚨NEW from me: ‘Crypto For Harris’ town hall fails to sell industry on proposed ‘reset’I asked for viewer feedback on the @Crypto4Harris town hall and wrote about my findings — the good, the bad and the ugly.https://t.co/Wly7alrgj1 — Eleanor Terrett (@EleanorTerrett)…
Against the backdrop of Bitcoin’s – to put it mildly – less than encouraging price behavior, and as a consequence that of the entire crypto market, the voices of skeptics and critics of the new asset class have begun to erupt publicly again. Thus, in a recent series of posts, Peter Schiff has questioned the stability of cryptocurrency and MicroStrategy, raising concerns about the potential for a crash. Despite the buying activity of 11 spot Bitcoin ETFs, Schiff pointed out that BTC has been trading sideways for over three months and is currently 11% below its March high. He questioned…