Crypto freakBeing a crypto manager involves a range of tasks, including market analysis, portfolio management, risk assessment, and staying updated on regulator
Vodafone is planning to transform SIM cards into crypto wallets, aiming to leverage the cryptographic capabilities of SIM cards for seamless blockchain integration. This move is part of Vodafone's strategy to drive blockchain adoption and facilitate crypto transactions on mobile devices. 🚀 Pairpoint CPO, David Palmer, predicts that by 2030, around 5.6 billion blockchain-based digital wallets will exist, potentially giving 70% of the global population access to this technology. What are your thoughts on this development? Comment below! 👇 Which one ??????????????????????????...
spacebreeze Announcement??? Quicksand Is Closer than ever... 2 all my followers and Investors.... Be careful! all eyes on $BTC Quicksand Is appreciated
spacebreeze Depression Announcement spacebreeze pizza time Stretching out the depression Of are big lost! Thanks to all my followers, who are still supporting spacebreeze .
Don't Worry !! I will hold A piec for my friend CZ
spacebreeze Depression Announcement spacebreeze pizza time Stretching out the depression Of are big lost! Thanks to all my followers, who are still supporting spacebreeze .
Don't Worry !! I will hold A piec for my friend CZ
spacebreeze one more last update for now. BTC is going 2 drop two$BTC 46,000 So!!!! if anybody is in Londable Assets. get out 'xxxx sorry for The Unacceptable update ...
BTC is Currently Trading around 63k and the current phase is consolidation.
According To The Analysis BTC is little Bearish, We can see a retest between 61.6k - 62k After That a Bullish Movementum is expected.
NOTE: BTC will be bullish for next 13 - 15 days after that we may see bearish movementum again.
66k - 67k is a strong Resistance level so typically if BTC touch this level a significant drop can happen but if this resistance break , we can see 70k.
U.S. Federal Judge Rejects Main Claims by SEC Against Binance
Main TakeawaysIn a United States federal court ruling, Judge Amy Berman Jackson dismissed several key claims by the Securities and Exchange Commission (SEC), including the assertion that crypto tokens themselves are securities.The court ruled that the SEC failed to allege facts indicating that secondary market sales of BNB tokens on crypto exchanges were securities transactions. The court also rejected the SEC’s argument that Binance’s fiat-backed stablecoin, BUSD, classifies as an investment contract. While some of the SEC’s claims were dismissed, the court allowed certain claims to proceed at this point. However, we expect the SEC will face significant challenges in proving these claims.In a blow to the SEC’s continued efforts to regulate through enforcement, the United States District Court for the District of Columbia issued an opinion dismantling several core pillars of the SEC’s misguided crypto enforcement campaign. The court’s decision to dismiss several of the SEC’s claims against Binance, the largest cryptocurrency exchange in the world by volume, marks an important moment in the ongoing battle between regulatory bodies and the rapidly evolving crypto market.Here are the critical findings by the court: The Meaning of “Investment Contract”The court’s opinion dismissed several of the SEC’s core arguments. At the heart of the ruling was the rejection of the SEC’s broad assertion that crypto tokens themselves are investment contracts subject to SEC oversight. This stance, a cornerstone of the SEC’s efforts to regulate the crypto market through enforcement, was deemed legally untenable. The court found that the SEC’s approach muddied the issues and ignored controlling United States Supreme Court precedent. The court also emphasized that the focus should be on whether the circumstances surrounding each transaction renders it a securities transaction. The focus should not be on the tokens themselves, which are not securities.BNB Sales On Secondary Crypto Exchanges Another significant aspect of the ruling was the dismissal of the claim that secondary market sales of BNB tokens on crypto exchanges classify as securities transactions. This decision is significant as it recognizes limitations on the SEC’s ability to conduct its rampant enforcement actions against the crypto industry, especially the exchanges, for their role in facilitating secondary trading. The court held that the SEC failed to plead that purchasers in secondary market sales acquired BNB with an expectation of profits, rather than for other uses, which is a key criteria for passing the Howey Test (a legal framework outlined by the Supreme Court to determine whether a transaction qualifies as an investment contract).BUSD StablecoinThe court dismissed the SEC’s claim that Binance’s fiat-backed stablecoin, BUSD, is sold as an investment contract. The court said that BUSD was marketed as a stablecoin, with no facts suggesting that investors expected it to increase in value due to Binance’s efforts. The court also noted that another stablecoin had been deemed not a security by the United States Department of Justice. The court recognized the need for consistency in dealing with these assets and noted that it might be much more difficult to pass the Howey Test when it comes to transactions involving stablecoins. In our view, the fact that different U.S. agencies are taking inconsistent approaches to stablecoins creates deep market uncertainty and highlights a significant rule of law failure. SEC’s Remaining ClaimsWhile this ruling is a significant victory for Binance and the broader crypto industry, some challenges remain. The court allowed some of the SEC’s claims to proceed, such as the SEC’s claim that direct sales of BNB are securities transactions because the court must assume that the allegations are true at this stage of the proceedings. However, the burden of proof is on the SEC to demonstrate, among other things, that customers purchased these tokens as investments rather than for other uses.This decision is more than just a legal win for Binance; it recognizes there are critical limits on the SEC’s regulatory authority over the crypto industry. The court appropriately criticized the SEC’s decision to litigate the billion-dollar industry through a “case by case, coin by coin, court after court” approach, which creates inconsistent results and ambiguity. This decision is a positive step towards safeguarding the integrity of the crypto market and calls for fair and consistent regulation so as not to stifle growth and innovation. As this case proceeds, Binance remains steadfast in its commitment to defend against the SEC's overzealous and ill-conceived attempts to regulate nearly the entire cryptocurrency market. Further ReadingMiCA Stablecoin Rules: What They Mean and How Binance Is ComplyingBinance Announcement: Reaching Resolution With U.S. RegulatorsErasing Borders: Globally Harmonized Regulation for the Digital Economy
Algorand Foundation Announces Launch of Decentralized Tool LiquidAuth
According to BlockBeats, the Algorand Foundation announced the launch of a new tool, LiquidAuth, at the Decipher 2024 conference in Barcelona. LiquidAuth is positioned as a decentralized version of WalletConnect. As a decentralized, free-to-use, open-source, and blockchain-agnostic authentication tool, LiquidAuth uses established standards and protocols to authenticate peer-to-peer communication between wallets and applications. The tool aims to address the risks associated with centralized wallet communication like WalletConnect, offering users enhanced security and privacy in their interactions. The Algorand Foundation's move to introduce LiquidAuth underscores the growing need for secure and private communication channels in the digital currency space.
Breaking News: Ripple Triumphs in Landmark Legal Battle Against SEC
In a decisive turn of events, Ripple has emerged victorious in its protracted legal struggle with the U.S. Securities and Exchange Commission (SEC). The court's ruling marks a significant milestone in the cryptocurrency landscape, setting a precedent that could influence future regulatory decisions.
The court found that Ripple's $XRP tokens, when sold on exchanges and through algorithms, do not constitute investment contracts and thus fall outside the purview of federal securities laws. This partial victory for Ripple underscores the ongoing debate surrounding the classification of digital assets and the need for clear regulatory frameworks.
However, the court also determined that the institutional sale of $XRP tokens did violate federal securities laws, highlighting the nuanced nature of this landmark case. Ripple's Chief Legal Officer has expressed satisfaction with the court's dismissal of all class action claims, emphasizing the company's readiness to address the remaining individual state law claim at trial.
As the crypto community reacts with a mixture of relief and optimism, the implications of this ruling are expected to ripple across the industry, potentially shaping the future of crypto regulation and enforcement.
Stay tuned for further updates as we continue to monitor the aftermath of this groundbreaking legal decision.