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❗️ The U.S. House of Representatives voted to repeal an SEC bill that bans banks from holding cryptocurrencies 🇺🇸 The U.S. House of Representatives has passed a decision to repeal a Securities and Exchange Commission (SEC) bill that sets certain accounting standards for firms holding cryptocurrencies. 🔍 According to this law, companies providing cryptocurrency custody services must list client cryptocurrencies as liabilities on their balance sheets. Representatives from the crypto industry believe this hinders banks from offering cryptocurrency custody services. 🧐 However, it is unclear whether this law will come into effect, as President Joe Biden has announced he will veto the decision. #USA #Congress #SEC #Crypto #JoeBiden

❗️ The U.S. House of Representatives voted to repeal an SEC bill that bans banks from holding cryptocurrencies

🇺🇸 The U.S. House of Representatives has passed a decision to repeal a Securities and Exchange Commission (SEC) bill that sets certain accounting standards for firms holding cryptocurrencies.

🔍 According to this law, companies providing cryptocurrency custody services must list client cryptocurrencies as liabilities on their balance sheets. Representatives from the crypto industry believe this hinders banks from offering cryptocurrency custody services.

🧐 However, it is unclear whether this law will come into effect, as President Joe Biden has announced he will veto the decision.

#USA #Congress #SEC #Crypto #JoeBiden

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📞 The rise of Toncoin may soon come to an end This is suggested by the on-chain metric of the total coin supply in profit. According to it, TON is close to the peak of its upward trend before a possible reversal. ↗️ The market peak is indicated when more than 95% of an asset's supply is in the profit zone. Currently, more than 90% of the token supply is in profit. Additionally, the asset is overvalued according to the short-term MVRV ratio. It stands at 5.2%, indicating profit that could potentially encourage selling. 🗼 Also, the fall of TON may be facilitated by the hype around Notcoin and many other projects based on the TON network. Therefore, as soon as NOT is released, there is a chance that the price of TON will plummet.
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💰 Jack Dorsey predicts Bitcoin will rise above $1,000,000 by 2030. By 2030, the price of Bitcoin could reach at least $1 million. It is likely to reach and exceed this figure. He also commented on his recent departure from the board of the social network Bluesky—a decentralized alternative to Twitter. Bluesky repeats all the mistakes made by Twitter. It is not a protocol that can be considered truly decentralized. It is just another application. The company has started behaving like a traditional company with venture capitalists and a board of directors. It is promoting moderation tools.
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Bankman-Fried Trades Rice in Prison and Loses 11 kg Sam Bankman-Fried gave his first interview since his sentencing, revealing some details about his time at the Metropolitan Detention Center (MDC) in Brooklyn. Sam is serving his sentence alongside 35 criminals, about half of whom are convicted murderers. There are only four TVs in the common area, Sam complained, and inmates have access to a tablet. Since there is no internet access, he uses it to play various games. While behind bars, Bankman-Fried has taken to trading commodities, specifically bags of rice, which are used as currency in MDC. He eats beans, has lost 11 kg, and generally follows a vegetarian diet. SBF confessed that he is not worried about his safety. However, he sleeps poorly at night. According to sources, other inmates often wake Bankman-Fried to trade rice. He said he has "learned to pretend everything is okay." He also denies his guilt in the fraud charges and plans to appeal.
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🤓 The hacker began returning the 1155 WBTC that they obtained through address spoofing. The exploiter, who utilized an address spoofing attack, decided to return the funds to the inattentive user. Previously, the hacker managed to seize approximately 1155 WBTC. The attack involves deceiving the victim into sending a transaction to the wrong wallet address by mimicking the first and last six characters of the correct address. For returning the funds, they will receive a 10% reward from the stolen deposit.
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🔝 Top 10 countries where the largest share of the people owns cryptocurrency Author's comment: As of the latest available data leading up to 2024, the countries with the highest adoption rates of cryptocurrencies, where a large share of the population owns or uses cryptocurrencies, typically include: 1️⃣ Nigeria - Due to the unstable local currency and financial restrictions, many turn to cryptocurrencies for transactions and savings. 2️⃣ Vietnam - High engagement in both mining and trading of cryptocurrencies. 3️⃣ Philippines - Cryptocurrencies are widely used for remittances and gaining more traction through play-to-earn games. 4️⃣ Turkey - Economic instability and inflation have driven the population to alternative stores of value like cryptocurrency. 5️⃣ Argentina - Similar to Turkey, economic factors such as inflation have pushed more citizens towards crypto. 6️⃣ South Africa - Growing interest in cryptocurrency as a financial asset and for transaction purposes. 7️⃣ Thailand - A significant level of crypto adoption driven by favorable regulations and a high level of interest in new financial technologies. 8️⃣ India - Despite regulatory challenges, there's a significant and growing interest in cryptocurrency investments and technology. 9️⃣ Brazil - Increased adoption driven by both investment purposes and as an alternative to traditional banking. 🔟 China - Despite strict regulations, there remains a significant level of interest and engagement with cryptocurrency, particularly through offshore activities and blockchain technology. The rates of cryptocurrency adoption can vary widely based on economic conditions, regulatory environments, and technological engagement among the populace.
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