digital

Highlights. Vice President Kamala Harris promises to spur innovation in artificial intelligence and digital assets while protecting consumers.

Vice President Harris raised $27 million at a fundraiser in New York, and the Democrat raised $361 million in August, beating Trump by $130 million.
Vice President Kamala Harris, who will face Donald Trump in this November's election, expressed her support for new technologies such as artificial intelligence and #cryptocurrencies at a Sept. 22 campaign fundraiser.
This is the first time Harris has spoken publicly about cryptocurrencies, which will be one of the emerging industries in the 2024 presidential election.
Speaking at an event at Cipriani Wall Street in Manhattan, Vice President Kamala Harris said her administration will foster innovation while protecting the interests of investors and consumers.
We will encourage innovative technologies such as artificial intelligence and #digital assets while protecting the interests of consumers and investors, she said.
For an industry that has grown rapidly over the past few years, cryptocurrencies pose a significant challenge for 2024. In particular, key executives and investors sharply condemned Gov. Biden's approach to regulation.
Many #cryptocurrency supporters took Harris' remarks as an attempt to prove that her position is different from President #Joe Biden's. Judging from the remarks, Harris seems to recognize some value in the industry, but is eager to introduce consumer protections after a series of high-profile cryptocurrency crashes. Meanwhile, his Republican rival Harris has already taken a friendly stance on cryptocurrencies, with Trump criticizing existing regulation and promising to oust SEC Chairman Gary Gensler if he gets into the White House. He made headlines last week after paying with bitcoins for a burger at a cryptobar in New York City.
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#MarketInsights

Donald Trump has doubled his support for cryptocurrencies.

The former president's stance on #cryptocurrencies has changed 180 degrees.
While Trump endorses cryptocurrencies, Biden is in danger because of his anti-cryptocurrency stance.
Former President Donald Trump is diving headfirst into the #cryptocurrency wave, especially now that it means outflanking his main rival, President Joe Biden. The leading Republican candidate has been on the rise lately, and even while accepting campaign donations in various cryptocurrencies, including meme coins like Doge and SHIB, he has embraced the crypto industry with open arms.
In a new post on his social media platform, Trump reiterated his love for cryptocurrencies and said he fully supports #digital assets in the race for the White House.
'I am very positive and open-minded about cryptocurrency companies and everything related to this new and rapidly growing industry,' Donald Trump wrote in his signature style typed in large letters. The former president emphasized that the United States should be the leader, "there is no such thing as second place.
Trump didn't miss the opportunity to throw shade at Biden, saying his rivals hope to bring the crypto industry "a slow and painful death. ""
The former president's new social media post completely reverses the 180-degree stance he took a few years ago when he was skeptical of cryptocurrencies compared to the U. S. dollar.
A man in neat clothes examines documents while sheets of paper fly around him.
Can #Ripple win against the SEC thanks to a new bill?
Two elderly people in wheelchairs, facing each other, show their middle fingers in an old abandoned building.
A robot hand holds a TON token and sends a message via telegram.
"The currency of this world should be the dollar. And I don't think we should have all the bitcoins in the world.

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#CryptoUpdates

Key Points. NYSE Arca proposes Rule 8.800-E on the listing of digital assets and investment products.

The new rule aims to expand investment opportunities and meet demand for a variety of assets.
NYSE Arca proposes Rule 8.800-E for the listing of commodity and digital asset-based securities. The rule is intended to expand investment opportunities, meet investor demand, and provide a regulated trading environment for these innovative products.
On October 29, 2024, NYSE Arca proposed that the SEC adopt a new rule (Rule 8.800-E) that would permit the listing and trading of innovative investment products based on commodity and #digital assets.
In connection with this rule, NYSE Arca is also proposing to list and trade shares of the #Grayscale Digital Large Cap Fund pursuant to this new rule.
the primary purpose of Rule 8.800-E is to expand the investment opportunities available on NYSE Arca by creating a framework for listing securities based on both physical commodities and digital assets.
the proposal would allow exchanges to consider trading investment income interests based on commodities and/or digital assets that meet the criteria of this rule pursuant to listed or unlisted trading privileges.
Such investment interests are defined as securities issued by a trust, limited liability company or similar organization that owns certain commodities, digital assets, derivative securities or cash.
The rules address investor demand for a variety of products that combine the growth potential of digital assets, such as #cryptocurrencies , with traditional commodity investments. By expanding the range of listed securities, NYSE Arca will facilitate new forms of exchange-traded products (ETPs) that provide access to these innovative asset classes in a safe and regulated environment.
Rule 8.800-E opens the door to a regulated space where investors can trade in commodity-backed securities and digital assets.

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#CompassInvestments #CryptoTrends

Hackers attacking decentralized exchange (DEX) KyberSwap have been seen moving millions of digital assets from one blockchain to another.

On February 26, analytics firm PeckShield detected the moves from the attacker's wallet address to KyberSwap.
According to the #blockchain data, the hacker moved 798.8 Ether (ETH) worth nearly £2.5 million from Arbitrum to the #Ethereum network.
In addition to the £2.5 million, the hacker also transferred about $1 million in stable coins. A wallet associated with Exploiter transferred £826,500 in stable #Dai (DAI) coins to another wallet.
The KyberSwap hack was one of the biggest hacks of 2023, with DEX notifying the community on November 23 that a "security incident" had occurred and advising users to withdraw funds.
It was initially reported that around £46 million of #digital assets had been withdrawn as a result of the hack. However, it was later revealed that the total loss amounted to £49 million.
That day, the hacker also left a message online for the KyberSwap team saying that negotiations would begin "after a full rest".
In response, the KyberSwap team offered a reward of £4.6 million in exchange for 90% of the stolen funds.
However, the reward negotiations took a nasty turn when hackers began to express their dissatisfaction with KyberSwap's approach.
On November 29, the hacker posted online that he would postpone negotiations if the KyberSwap team continued to threaten legal action or threats, which the hacker described as unfriendly.
The hackers then made an unexpected demand, demanding full control of KyberSwap and all of its assets.
The hackers also claimed temporary full right and possession of KyberDAO, which acts as Kyber's governance structure, and all Kyber-related documents.
The company was given until December 10, 2023 to make a decision before the "contract expires.

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#CryptoAdoption

The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U.S. regulations and maintaining global competitiveness.

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The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U. S. regulations and maintaining global competitiveness.
The FIT21 bill, which aims to create a comprehensive US regulatory framework for #digital assets, is expected to come up for a vote next week. The #cryptocurrency sector has urged House leaders to support this important bill. Many industry representatives have signed letters to key members of the U. S. House of Representatives advocating for passage of the 21st Century Financial Innovation and Technology Act.
The letter emphasizes that passage of the bill will help the United States remain globally competitive as the House of Representatives stands ready for a vote. The vote is a historic moment for the U. S. cryptocurrency industry and could lead to long-awaited regulation. Major associations and companies including Coinbase, Kraken and Andreessen Horowitz have been criticized by House Speaker Mike Johnson (Louisiana Republican) and Minority Leader Hakeem Jeffries (New Jersey Democrat). A vote on the Financial Innovation and Technology for the 21st Century Act (FIT21) is scheduled to take place next week, with action scheduled for mid-week.
The bill seeks to designate the CFTC as the primary regulator of digital assets and define its responsibilities, as opposed to the SEC, by providing consumer protections, including rules for the safekeeping and treatment of customer assets in bankruptcy, as well as imposing safeguards against risky behavior.
Passage of this bill has the potential to advance #blockchain technology and digital assets, expand access to financial services, and protect national security," the letter said. "It is critical for the United States to maintain its leadership in financial innovation.

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#transscreen.ru #TrendingTopic

Paolo Ardoino, CEO of Tether, took the stage at the PlanB event in Lugano, Switzerland, to present information on the reserve assets backing the Tether-USD cash coin.

Ardoyno said that #Tether holds about $100 billion worth of U. S. Treasury securities, more than 82,000 bitcoins worth about $5.5 billion at current market prices and 48 tons of high-grade gold.
a recent Wall Street Journal report sparked fear, uncertainty and doubt. The article said that the U. S. authorities are investigating the company for violations of anti-money laundering rules and U. S. sanctions.
On the background of fear, uncertainty and doubt, the CEO of Tether paid attention to asset reserves. After the article was published on Oct. 25, Tether's CEO issued a sharp rebuttal to the allegations, saying, As we told The Wall Street Journal, there is no indication that Tether is under investigation.
We regularly and directly cooperate with law enforcement to prevent rogue states, terrorists and criminals from using #USDT . If our company is under investigation, as falsely claimed in the article, we need to know about it. On this basis, we can confirm that the claims in the article are blatantly false.
WSJ repeats the same old boring nonsense. Let's end it right now.
Aldino also cited Tether's history of working with law enforcement to recover stolen #digital assets and stop illegal transactions.
Since 2014, Tether has helped law enforcement recover approximately $109 million that had been used for illegal activities such as fraud, sanctions evasion and cybercrime.
As a result of Aldino's recent criticism of U. S. #cryptocurrency policy as lagging behind other countries, a number of progressive companies involved in digital act
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#CryptoAdoption

Germany's central bank joins global financial tokenization initiative

Germany's central bank, Deutsche Bundesbank, has joined Singapore's Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) to modernize financial markets through asset #tokenization .
Launched in 2022, Project Guardian will work with financial institutions and global regulators to set industry standards and promote the adoption of tokenized assets in capital markets, ultimately leading to greater global financial connectivity.
the participation of the Bundesbank, one of Europe's leading central banks, signals progress in integrating #digital assets into the mainstream financial system. The bank is actively participating in the pilot project Project Guardian, which aims to create a #blockchain platform for the efficient management of cross-border assets.
Burkhard Balz, a member of the Bundesbank's Executive Board, emphasized that the project is in line with European research on distributed ledger technology (DLT) and the application of blockchain in finance.
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Chamber calls for a cryptocurrency-friendly stance in open letter to Vice President Kamala Harris.

Chamber calls for a cryptocurrency-friendly stance in open letter to Vice President Kamala Harris.
On July 22, the Digital Chamber released an open letter to U. S. Vice President Kamala Harris, urging her to take a more cryptocurrency-friendly stance if she wins the Democratic Party's presidential nomination in 2024.The letter emphasizes the need for Harris to embrace the potential benefits of #digital assets and #blockchain technology, and says her campaign could play a key role in changing public perceptions of the Democratic Party's stance on these transformative technologies.The letter outlines three key recommendations for Harris' campaign.First, she advocates for the inclusion of pro-digital asset language in the Democratic Party platform, emphasizing the benefits and innovations of #blockchain technology.Second, it recommends selecting a vice presidential candidate with experience in digital asset policy, and cites Colorado Governor Jared Polis as a candidate with extensive experience in this area.And finally, it calls for engagement with industry leaders to develop supportive policy through an open dialog with digital asset and blockchain experts.The Digital Chamber noted the perception that the Democratic Party has a negative view of digital assets, largely due to the cautious and sometimes Biden himself has publicly stated that he fully supports Harris's candidacy.The announcement of the endorsement follows recent political events that have caused uncertainty in the #cryptocurrency market.In a social media post on July 21, Biden announced that he would not seek re-election because he wanted to focus on his remaining presidential duties.After Biden left office, attention was focused on how a possible Harris presidency would affect the regulation of cryptocurrencies.

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#CryptoUpdates

On September 27, Howard Lutnitz, CEO of Cantor Fitzgerald, appeared on Fox Business and called on regulators to recognize bitcoin as a commodity like gold or oil.

In an #interview on Morning with Maria, Mr. Lutnitz emphasized bitcoin's status as a commodity and called for a clearer regulatory framework for the #cryptocurrency sector. #Bitcoin is a commodity. It should be treated like gold or oil. It's just a commodity, he said.
In response to Maria Bartiromo's question about whether commodities traded on the Cantor Fitzgerald exchange will be regulated in the same way as stocks, Lutnick expressed confidence that the line between commodities and stocks will erode, perhaps within 20 years. He expressed concern that regulators are struggling to recognize the importance of Bitcoin and the broader digital asset market, saying:
Let's face it. They have absolutely no understanding or knowledge of how to deal with cryptocurrencies and #digital assets.
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#CryptoTrends

Is Crypto.com safe: analysis - Ecoinimist

Wide range of services: crypto. com offers everything from trading and betting to earning interest on #cryptocurrency deposits, providing users with many ways to deal with #digital assets.
Cryptocurrency rewards and cashback: the platform's Visa card offers attractive rewards in the form of cashback on purchases, which is an important factor for users.
Customer support: Crypto. com's support team is available around the clock to answer questions and provide advice, which is highly appreciated by many users.
the wide range of services offered by this exchange is one of the main attractions for users. The platform's ability to cater to a variety of financial needs, from trading to passive income, attracts users seeking versatility.
The Crypto. com rewards programs, including cashback for purchases made with Visa cards, are particularly popular with users. These programs encourage user engagement with the platform and offer tangible benefits that increase user satisfaction.
Read also: What does 100x leverage mean for cryptocurrency trading?
Having a 24/7 support team is an important benefit for Crypto. com users. It improves the overall user experience by ensuring that help is readily available in case of problems.
Commission structure: some users have noted that Crypto. com's commission structure is complex and may be slightly higher than other platforms. Users should carefully review the fees associated with various transactions.
Confirmation Process: The Crypto. com account confirmation process can be time-consuming for some users, leading to frustration, especially for those who want to start trading as soon as possible.
Some users find the fee structure complicated, but Crypto. com provides detailed documentation to help users understand the costs associated with various transactions.

Crypto.
Is Crypto. com safe for beginners?

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#transscreen.ru #TokenEconomy

A group of Republican lawmakers, including the chairs of key House committees, have asked SEC Chairman Gary Gensler to develop clearer rules for digital assets such as Ethereum (ETH) and their custody by specialized broker-dealers (SPBDs).

Their March 26 letter highlights the critical need for regulatory transparency to make it easier for operators in the digital asset sector to comply with the rules.
The lawmakers' letter emphasizes the SEC's reluctance to clearly classify assets and that the definition of "digital asset securities" remains unclear.
The #SEC is concerned about the lack of clear guidance for SPBDs dealing with #digital assets.
The request concerns whether #BTC should be classified as a security after Prometheum Inc. announced that its subsidiary will offer Ethereum custody services to large investors.
The measure raises concerns about possible negative consequences if it goes forward without a robust regulatory framework.
Lawmakers warn of potential market risks if #ETH is classified as a security.
They argue that it could affect ETH futures trading and disrupt the digital asset market. The letter criticizes the SEC for lacking adequate guidance, making compliance more difficult and contributing to uncertainty in the digital asset market.
Finally, the lawmakers warn that continued regulatory uncertainty will negatively impact the U. S. digital asset market. They emphasize the need for clear and consistent rules to support innovation and growth.
The letter, signed by 48 lawmakers including Patrick McHenry and Glenn Thompson, demands a response from Gensler by April 9, underscoring lawmakers' desire for a more transparent approach to digital asset regulation.
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#CryptoMarketTrends

Members of Trump's transition team confirm that the next SEC chairman is a pro-cryptocurrency choice

the Trump team has proposed a pro-cryptocurrency candidate to be the next SEC chairman.
Pro-cryptocurrency candidates such as Dan Gallagher and Hester Pearce are being considered to head the SEC.
Gary Gensler may face pressure to step down under the new Trump administration.
Fox Business reporter Eleanor Terrett recently reached out to sources close to the Trump team to shed light on the administration's approach to the next SEC chairman. Reporter Terrett asked if the new SEC commissioner would support cryptocurrency-friendly policies.
We asked a source close to Trump's transition team to name some of the candidates for @SECGov chairman and to see if their views on #cryptocurrency would influence their decision.
the answer was, I promise to be pro-cryptocurrency.
the sources suggested that the current government does not take an anti-cryptocurrency stance and assured that the team will really focus on choosing someone who supports #digital assets.
they promise to choose someone who supports #cryptocurrencies .
Although a final decision has not been made and discussions are ongoing, Trump's team seems to be focused on finding a candidate who will be open to encouraging growth and innovation in the digital asset industry.
Will Gary Gensler resign?
Appointed by President Joe Biden in early 2021, current SEC Chairman Gary Gensler has taken a tough stance on the cryptocurrency industry.

SEC Commissioner Hester Pearce, who is known for her support of the crypto industry, is also a candidate.
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#Crypto2024 #CryptoMarketTrends

The characterization of digital currencies has been the subject of considerable debate recently. One such question is whether assets such as unique tokens (NFTs) and MEME coins should be classified as commodities and securities.

characterization of digital currencies has been the subject of considerable debate recently. One such debate is whether assets such as unique tokens (NFTs) and #MEME coins should be categorized as commodities and securities.
In a new event, David Sachs of the White House has spoken out on the issue and urged
FT- and In his opinion, MEME tokens should not be classified as securities. Sachs believes that these assets are more like collectibles and that classifying them as commodities would slow down the development of the #cryptocurrency industry in the United States. During a discussion
TRUMP memcoins, Sachs stated that
FT-coins and image coins are In his opinion, they are "much closer to baseball cards" than commodities/securities. He argued that these #digital assets do not qualify as investments and do not meet the Howey test used in traditional legal systems to determine whether an asset is a security.
When we talk about digital assets, we can deal with several things. Digital assets that are securities, digital assets that are commodities, digital assets that are collectibles such as "NFTs" or meme coins. In other words, the field of innovation is broad. In other words, digital assets can be many different things, David Sachs said.
These comments were made during a debate on how to manage cryptocurrency businesses in the US. The US Securities and Exchange Commission (SEC) has taken a tough stance on the governance of #cryptocurrencies , arguing that some digital assets fall under its jurisdiction.
it is argued that the continued weakness of regulators is stifling development and preventing companies from investing in the sector.
David explained in an interview that clear regulation could really help the US crypto industry.
What the industry wants most is clarity in regulation. Give us the rules and we will follow them.

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