SEC Seeks More Time To File Replies in Ripple Lawsuit As Amicus Briefs in XRP’s Favor Pile Up
The U.S. Securities and Exchange Commission (SEC) is filing a motion to extend the amount of time it has to reply to the numerous amicus briefs supporting Ripple Labs.
The SEC sued Ripple Labs in late 2020 for allegedly issuing XRP as an unregistered security, and now numerous amicus briefs are looking to prove the SEC otherwise.
Earlier this week, crypto legal expert Jeremy Hogan said the amicus briefs filed are weakening the SEC’s case.
The U.S. Securities and Exchange Commission (SEC) is filing a motion to extend the amount of time it has to reply to the numerous amicus briefs supporting Ripple Labs.
The SEC sued Ripple Labs in late 2020 for allegedly issuing XRP as an unregistered security, and now numerous amicus briefs are looking to prove the SEC otherwise.
Earlier this week, crypto legal expert Jeremy Hogan said the amicus briefs filed are weakening the SEC’s case.
FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress
The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected,” Bankman-Fried claimed.
Sam Bankman-Fried to Testify Before CongressFormer FTX CEO Sam Bankman-Fried (SBF) has agreed to testify before the House Committee on Financial Services after the committee’s chair, Congresswoman Maxine Waters, politely tweeted inviting him to testify several times.
“I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th,” Bankman-Fried tweeted to Rep. Waters Friday.
The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected,” Bankman-Fried claimed.
Sam Bankman-Fried to Testify Before CongressFormer FTX CEO Sam Bankman-Fried (SBF) has agreed to testify before the House Committee on Financial Services after the committee’s chair, Congresswoman Maxine Waters, politely tweeted inviting him to testify several times.
“I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th,” Bankman-Fried tweeted to Rep. Waters Friday.
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers.
Cryptocurrency Exchanges Still Fighting Banks in ChileCryptocurrency exchanges and other crypto-related companies are still fighting private banks for the right to open and manage bank accounts in Chile. The legal fight, which started back in 2018 when a series of exchanges had their bank accounts closed by several banking institutions, will be defined this year before a national free competition court.
Buda.com, a Chilean exchange, prepared a document that concluded that banks are colluding to deny their services to cryptocurrency exchanges for reasons applicable to other businesses, like companies operating with jewelry, watches, vehicles of all kinds, works of art, or antiques.
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers.
Cryptocurrency Exchanges Still Fighting Banks in ChileCryptocurrency exchanges and other crypto-related companies are still fighting private banks for the right to open and manage bank accounts in Chile. The legal fight, which started back in 2018 when a series of exchanges had their bank accounts closed by several banking institutions, will be defined this year before a national free competition court.
Buda.com, a Chilean exchange, prepared a document that concluded that banks are colluding to deny their services to cryptocurrency exchanges for reasons applicable to other businesses, like companies operating with jewelry, watches, vehicles of all kinds, works of art, or antiques.
Binance and Mastercard Bring Crypto to Brazil
Top crypto exchange Binance has joined hands with credit card company Mastercard to form a new prepaid bitcoin rewards program for users in Brazil. Customers can now purchase everyday items and services with digital assets.
Binance and Mastercard… The Perfect Match?The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Top crypto exchange Binance has joined hands with credit card company Mastercard to form a new prepaid bitcoin rewards program for users in Brazil. Customers can now purchase everyday items and services with digital assets.
Binance and Mastercard… The Perfect Match?The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap
An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange.
FLEX Coin (FLEX) is the native token of CoinFLEX, a crypto exchange that has recently undergone restructuring and is set to have its assets acquired by OPNX, an exchange launched by 3AC founders Su Zhu and Kyle Davies.
An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange.
FLEX Coin (FLEX) is the native token of CoinFLEX, a crypto exchange that has recently undergone restructuring and is set to have its assets acquired by OPNX, an exchange launched by 3AC founders Su Zhu and Kyle Davies.
A rise in crypto demand is driven by waning trust in traditional financial systems – Taras Dovgal, VP of Products at Münzen
With the first quarter of 2023 behind us, it’s essential to reflect on what happened in the crypto market so we can predict what’s next. The following is an interview with Taras Dovgal, the Vice President of Products at Münzen and a veteran crypto entrepreneur and developer.
With the first quarter of 2023 behind us, it’s essential to reflect on what happened in the crypto market so we can predict what’s next. The following is an interview with Taras Dovgal, the Vice President of Products at Münzen and a veteran crypto entrepreneur and developer.
US Lawmakers Introduce Bill to Halt Federal Reserve’s Digital Dollar Testing, Citing Concerns for American Liberties
U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the liberties of law-abiding Americans and are being used by authoritarian countries right now to crack down on dissent,” said Congressman Alex Mooney.
Digital Dollar Pilot Prevention ActU.S. Congressman Alex Mooney (R-WV) announced last week that he has introduced the Digital Dollar Pilot Prevention Act (H.R. 3712) “to close the Federal Reserve’s central bank digital currency (CBDC) pilot program loophole.” The lawmaker clarified:
Specifically, this bill would prohibit the Federal Reserve from establishing, carrying out, or approving a program intended to test the practicability of issuing a CBDC.
U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the liberties of law-abiding Americans and are being used by authoritarian countries right now to crack down on dissent,” said Congressman Alex Mooney.
Digital Dollar Pilot Prevention ActU.S. Congressman Alex Mooney (R-WV) announced last week that he has introduced the Digital Dollar Pilot Prevention Act (H.R. 3712) “to close the Federal Reserve’s central bank digital currency (CBDC) pilot program loophole.” The lawmaker clarified:
Specifically, this bill would prohibit the Federal Reserve from establishing, carrying out, or approving a program intended to test the practicability of issuing a CBDC.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 29 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Bullish for XRP: Economist Highlights Use Case for Cross Border Bridges for Wholesale CBDC
Eswar Prasad, Indian-American economist and Tolani Senior Professor of International Trade Policy at Cornell University, recently spoke at the 2023 Summer Davos about the fact that Retail Central Bank Digital Currencies (CBDCs) have been the subject of tests in several nations, including China, Sweden, India, Brazil, and Japan. Engaging in this context is that these nations already have effective domestic retail payment systems in place. According to Prasad, as the private sector discovered more effective ways to handle payment transactions and advance financial inclusion, such as India’s Unified Payments Interface (UPI), the use case for retail CBDCs has been weaker over the past few years.
Eswar Prasad, Indian-American economist and Tolani Senior Professor of International Trade Policy at Cornell University, recently spoke at the 2023 Summer Davos about the fact that Retail Central Bank Digital Currencies (CBDCs) have been the subject of tests in several nations, including China, Sweden, India, Brazil, and Japan. Engaging in this context is that these nations already have effective domestic retail payment systems in place. According to Prasad, as the private sector discovered more effective ways to handle payment transactions and advance financial inclusion, such as India’s Unified Payments Interface (UPI), the use case for retail CBDCs has been weaker over the past few years.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 17 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 9 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Analyst Issues Shiba Inu Warning, Predicts Imminent SHIB Correction Following Latest Rally
A closely followed analyst says that Shiba Inu’s (SHIB) latest rally could be a setup to trap bulls wanting to long the memecoin.
Pseudonymous analyst Cheds tells his 311,700 Twitter followers that Shiba Inu is currently witnessing a surge within a macro downtrend.
A closely followed analyst says that Shiba Inu’s (SHIB) latest rally could be a setup to trap bulls wanting to long the memecoin.
Pseudonymous analyst Cheds tells his 311,700 Twitter followers that Shiba Inu is currently witnessing a surge within a macro downtrend.
ATPBot now supports Binance and Kraken exchanges, allowing you to easily enjoy AI crypto strategies and automatic trading
Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users with more opportunities to trade cryptocurrencies. Say goodbye to subjective judgment and decision-making based on experience, and let each of your transactions be carried out on the basis of a high probability of winning. ATPBot exists to make investing easier, more efficient, and more trustworthy.
Have you heard of ChatGPT? Because it is changing the way we live and work. Its understanding is continuously improved through machine learning, providing unrivaled convenience and accuracy. As one of the most advanced language models, the capabilities of ChatGPT are simply amazing.
Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users with more opportunities to trade cryptocurrencies. Say goodbye to subjective judgment and decision-making based on experience, and let each of your transactions be carried out on the basis of a high probability of winning. ATPBot exists to make investing easier, more efficient, and more trustworthy.
Have you heard of ChatGPT? Because it is changing the way we live and work. Its understanding is continuously improved through machine learning, providing unrivaled convenience and accuracy. As one of the most advanced language models, the capabilities of ChatGPT are simply amazing.
MultiversX Launches Strategic Partnership With Google Cloud to Further AI and Big Data Ambitions in the Web3 World
PRESS RELEASE. After outlining a comprehensive strategy to spearhead the development of blockchain-powered tools and Web3 solutions that leverage and extend the reach of emerging AI technologies, MultiversX, the leading layer-1 smart contract platform, has announced a strategic partnership with Google Cloud, the global public cloud leader, renowned for exceptional artificial intelligence capabilities, and data analytics tools.
During an extensive conversation on the xDay Conference stage – that has featured multiple representatives from major tech companies, government officials and influential experts – Beniamin Mincu, MultiversX CEO, and Daniel Rood, Head of Web3 EMEA at Google Cloud, have just announced they are joining forces to accelerate Web3 expansion.
PRESS RELEASE. After outlining a comprehensive strategy to spearhead the development of blockchain-powered tools and Web3 solutions that leverage and extend the reach of emerging AI technologies, MultiversX, the leading layer-1 smart contract platform, has announced a strategic partnership with Google Cloud, the global public cloud leader, renowned for exceptional artificial intelligence capabilities, and data analytics tools.
During an extensive conversation on the xDay Conference stage – that has featured multiple representatives from major tech companies, government officials and influential experts – Beniamin Mincu, MultiversX CEO, and Daniel Rood, Head of Web3 EMEA at Google Cloud, have just announced they are joining forces to accelerate Web3 expansion.
Bitcoin, Ether, Cardano, Shiba Inu, XRP Near ‘Bull Breaking’ Point As Tether Whales Inject $1.7 Billion
Bitcoin experienced a turbulent start this month, plummeting over 5% on Tuesday following Changpeng Zhao’s (CZ) resignation as Binance CEO. However, the flagship cryptocurrency demonstrated remarkable resilience, surging to $38,360 on Friday to mark its highest level since May 2022, before consolidating over the weekend.
Major altcoins such as Ethereum, XRP, Solana, Dogecoin, Shiba Inu, and Cardano have been exhibiting strength, defying the regulatory headwinds that have rocked the crypto industry over the past week.
Bitcoin experienced a turbulent start this month, plummeting over 5% on Tuesday following Changpeng Zhao’s (CZ) resignation as Binance CEO. However, the flagship cryptocurrency demonstrated remarkable resilience, surging to $38,360 on Friday to mark its highest level since May 2022, before consolidating over the weekend.
Major altcoins such as Ethereum, XRP, Solana, Dogecoin, Shiba Inu, and Cardano have been exhibiting strength, defying the regulatory headwinds that have rocked the crypto industry over the past week.
Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs
During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Saturday, Jan. 6, 2024.
2024 Brings Chill to Solana’s Market PerformanceAfter surging by over 700% in 2023, solana (SOL) has experienced a cool-off period. In the last week, SOL dipped slightly more than 6%, yet it still boasts a 46% increase against the U.S. dollar over the preceding month.
As of Jan. 6, 2024, SOL’s intraday value fluctuated between a high near $100 and a low of $92.23, trading at $96.75 per unit at 12:51 p.m. Eastern Time. Notably, SOL commands significant influence in South Korea’s market, trading at $99 on Upbit and $98.81 on Bithumb, surpassing the global average of $96 per unit as noted on aggregate market sites.
During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Saturday, Jan. 6, 2024.
2024 Brings Chill to Solana’s Market PerformanceAfter surging by over 700% in 2023, solana (SOL) has experienced a cool-off period. In the last week, SOL dipped slightly more than 6%, yet it still boasts a 46% increase against the U.S. dollar over the preceding month.
As of Jan. 6, 2024, SOL’s intraday value fluctuated between a high near $100 and a low of $92.23, trading at $96.75 per unit at 12:51 p.m. Eastern Time. Notably, SOL commands significant influence in South Korea’s market, trading at $99 on Upbit and $98.81 on Bithumb, surpassing the global average of $96 per unit as noted on aggregate market sites.
Memeinator Public Presale Blazes Past $4 Million Following Red Apple Tech Partnership News
Memeinator, the hottest meme coin in the market, is elated to announce the success of its ongoing public sale that has raised $4m and counting.
The presale currently at Stage 14 has seen overwhelming support from investors, with the MMTR token quickly selling out. The MMTR token, the native token on Memeinator, has a selling price of $0.0208, with the price set to rise to $0.022 in Stage 15.
The MMTR token is a meme coin on a mission to locate and destroy the weakest meme coins, especially the tokens dubbed as scams, worthless, and rug pulls. Memeinator has an enticing staking reward, an AI-based game, and a big market push, all designed to set the project apart. The team behind the project is working towards attaining a $1 billion market cap.
Memeinator, the hottest meme coin in the market, is elated to announce the success of its ongoing public sale that has raised $4m and counting.
The presale currently at Stage 14 has seen overwhelming support from investors, with the MMTR token quickly selling out. The MMTR token, the native token on Memeinator, has a selling price of $0.0208, with the price set to rise to $0.022 in Stage 15.
The MMTR token is a meme coin on a mission to locate and destroy the weakest meme coins, especially the tokens dubbed as scams, worthless, and rug pulls. Memeinator has an enticing staking reward, an AI-based game, and a big market push, all designed to set the project apart. The team behind the project is working towards attaining a $1 billion market cap.
Maximizing Profits: Understanding BEFE Coin’s Projected 5000% Surge
A further $500 million was brought to the capital markets with the introduction of the Bitcoin ETF, and more is expected as the overall market is recovering. It is anticipated that increased interest in the larger cryptocurrency market will bring more participants into the ecosystem during this bull cycle. Statistics that support the claim include the fact that, during Bitcoin’s price spike to above $73,000, 1500 Bitcoin wallets have turned into millionaire wallets every day.
Why will other coins follow the Bitcoin surge?Every cryptocurrency bull run in history has shown that the general rising trend of Bitcoin is correlated with a bull run in the other cryptocurrency assets. Coincidentally, bull runs tend to begin around the four-year Bitcoin halving event. Luckily, April 2024, the next month, will see the next halving. One class of crypto that we saw last cycle making giant upwards price gains were memecoins and each cycle has its own share of winners. Last cycle it was DOGE and Shiba INU, this cycle BEFE looks to be the standout winner. BEFE has managed to win the faith of the community and its fun element makes BEFE an interesting choice to be part of a crypto portfolio.
What is BEFE and how is it doing?The Blockchain Ecosystem for Everyone Token, or BEFE Coin, was introduced in late 2023 and came with no taxes or presale. Early participants in BEFE’s fair debut have seen an incredible 550% return. BEFE is currently poised for success as its value climbed by about 30% in February 2024 and peaked on March 10 at $0.0006718. Since a lot of factors are in line at the same time like the overall positive sentiment around crypto, the Bitcoin ETF and halving event, a growing vibrant BEFE community, recovery of overall capital markets, expert crypto analysts predict that BEFE is on the verge of blowing up to $0.0025 from its current price of $0.00049, a whopping 5000% surge.
A further $500 million was brought to the capital markets with the introduction of the Bitcoin ETF, and more is expected as the overall market is recovering. It is anticipated that increased interest in the larger cryptocurrency market will bring more participants into the ecosystem during this bull cycle. Statistics that support the claim include the fact that, during Bitcoin’s price spike to above $73,000, 1500 Bitcoin wallets have turned into millionaire wallets every day.
Why will other coins follow the Bitcoin surge?Every cryptocurrency bull run in history has shown that the general rising trend of Bitcoin is correlated with a bull run in the other cryptocurrency assets. Coincidentally, bull runs tend to begin around the four-year Bitcoin halving event. Luckily, April 2024, the next month, will see the next halving. One class of crypto that we saw last cycle making giant upwards price gains were memecoins and each cycle has its own share of winners. Last cycle it was DOGE and Shiba INU, this cycle BEFE looks to be the standout winner. BEFE has managed to win the faith of the community and its fun element makes BEFE an interesting choice to be part of a crypto portfolio.
What is BEFE and how is it doing?The Blockchain Ecosystem for Everyone Token, or BEFE Coin, was introduced in late 2023 and came with no taxes or presale. Early participants in BEFE’s fair debut have seen an incredible 550% return. BEFE is currently poised for success as its value climbed by about 30% in February 2024 and peaked on March 10 at $0.0006718. Since a lot of factors are in line at the same time like the overall positive sentiment around crypto, the Bitcoin ETF and halving event, a growing vibrant BEFE community, recovery of overall capital markets, expert crypto analysts predict that BEFE is on the verge of blowing up to $0.0025 from its current price of $0.00049, a whopping 5000% surge.
Ripple Price Analysis: Bulls Struggle To Start Fresh Surge
Ripple price is consolidating near $0.600 against the US Dollar, like Bitcoin. XRP price must stay above the $0.580 support to remain in a bullish zone.
Ripple Price AnalysisThis past week, Ripple price saw a decent increase above the $0.6250 resistance against the US Dollar. The XRP/USD pair climbed above the $0.650 resistance to move into a positive zone.
The bulls even pumped the price above the $0.700 resistance. A high was formed near $0.7442 and the price recently corrected lower. There was a move below the $0.660 and $0.650 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5300 swing low to the $0.7442 high.
Ripple price is consolidating near $0.600 against the US Dollar, like Bitcoin. XRP price must stay above the $0.580 support to remain in a bullish zone.
Ripple Price AnalysisThis past week, Ripple price saw a decent increase above the $0.6250 resistance against the US Dollar. The XRP/USD pair climbed above the $0.650 resistance to move into a positive zone.
The bulls even pumped the price above the $0.700 resistance. A high was formed near $0.7442 and the price recently corrected lower. There was a move below the $0.660 and $0.650 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5300 swing low to the $0.7442 high.