Wednesday, June 29, 2022

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Regulatory Fog Remains as SEC Chief Doesn’t Mention Ethereum as a Commodity, Does Not Say Bitcoin is the Only One Either

Gary Gensler. Source: a video screenshot, cnbc.comEthereum (ETH) advocates have reacted after the United States Securities and Exchange Commission (SEC) Chairman Gary Gensler refrained from labeling the coin a commodity – and instead chose to name bitcoin (BTC) among the tokens the SEC chiefs before him deemed a non-security. He, however, contrary to many reports,…

CoinFLEX’s USD 47M Recovery Token Plan Questioned by Crypto Observers

Source: Adobe/Web Buttons IncCrypto derivatives exchange and yield platform CoinFLEX aims to turn the debt of a "high integrity" individual into a token called Recovery Value USD (rvUSD) in order to fund other customers' withdrawals. Not everyone is impressed with these plans. The exchange will issue rvUSD 47m at a price of USDC 1 per coin, cumulatively…

Bitcoin and Ethereum Trim Gains, XTZ and CHZ Accelerate

Bitcoin price traded below USD 21,000.Ethereum is struggling below USD 1,200, XRP is down over 5%.XTZ and CHZ are the best performers today.Bitcoin price failed to extend gains above the USD 21,500 level and traded below USD 21,000. It is currently (04:12 UTC) trading near USD 20,700 and is down over 2% in a day…

Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules

Source: Adobe/Maksim KabakouA South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of a scamming ring. The…

G7 Inadvertently Makes the Case for Bitcoin with New Gold Move

Source: Adobe/andreyphoto63The Group of 7 (G7) countries are inadvertently making the case for Bitcoin (BTC), as gold’s shortcomings are becoming more obvious after a new move to ban imports of Russian gold.The move to ban gold imports from Russia was announced by the US, UK, Japan, and Canada during the G-7 meeting that started in…

Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News

Michael Sonnenshein. Source: a video screenshot, Bloomberg Technology / YouTubeGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments newsAfter announcing that it might do so, Voyager Digital Ltd.’s operating subsidiary, Voyager Digital LLC, has issued a notice of default to major crypto…

The BSV Global Blockchain Convention is upon us—are you ready for 2022’s biggest blockchain event?

Home » Events » The BSV Global Blockchain Convention is upon us—are you ready for 2022’s biggest blockchain event? Ladies and gentlemen, it’s almost time! The BSV Global Blockchain Convention will kick off on May 24 in Dubai and will run until May 26. It will feature some of the world’s most prominent technologists, blockchain…

Federal judge approves DOJ prosecution of US citizen who sent BTC to a sanctioned country

Home » Business » Federal judge approves DOJ prosecution of US citizen who sent BTC to a sanctioned country The Department of Justice (DoJ) has gotten a go-ahead to launch its first criminal lawsuit involving the use of digital currency to evade economic sanctions. U.S. Magistrate Judge Zia M. Faruqui of Washington, D.C., gave the…

UST LUNA crash is just a preview of what’s to come—winter is officially here

Home » Business » UST LUNA crash is just a preview of what’s to come—winter is officially here It should have been obvious that something was off when JPEGs of apes were selling for hundreds of thousands of dollars. However, in a tale as old as time, greed blinded many to the flashing warning signs,…

GAP600 CEO Daniel Lipshitz talks BSV-powered stablecoins on CoinGeek Backstage

Home » Interviews » GAP600 CEO Daniel Lipshitz talks BSV-powered stablecoins on CoinGeek Backstage Stablecoins have become one of the biggest and fastest-growing segments in the digital currency ecosystem. Daniel Lipshitz is building a stablecoin on the BSV blockchain. Lipshitz is the CEO and founder of GAP600, a payments company that facilitates instant, risk-mitigated digital currency…

China: Court classifies Bitcoin as virtual property and protected by law

Home » Business » China: Court classifies Bitcoin as virtual property and protected by law In a landmark ruling, the Shanghai High People’s Court has declared Bitcoin to be virtual property protected by Chinese law. The court outlined that Bitcoin has economic value and attributes that make it property. According to Sina News, a local news…

Regulatory Fog Remains as SEC Chief Doesn’t Mention Ethereum as a Commodity, Does Not Say Bitcoin is the Only One Either

Gary Gensler. Source: a video screenshot, cnbc.comEthereum (ETH) advocates have reacted after the United States Securities and Exchange Commission (SEC) Chairman Gary Gensler refrained from labeling the coin a commodity – and instead chose to name bitcoin (BTC) among the tokens the SEC chiefs before him deemed a non-security. He, however, contrary to many reports,…

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Regulation

Countless day-to-day deals are now the standard on BSV

BSV breaking new transaction records is becoming a common occurrence. We’ve reported several times this past year how BSV reached two million daily transactions and even four million in a single day. Millions of daily transactions are becoming the norm on BSV. The days when a million seemed like a big deal are long gone. These days,…

Joshua Henslee discusses what’s next after the Kleiman v Wright decision

Home » Business » Joshua Henslee talks about what’s next after the Kleiman v Wright verdict It’s been over a week since the jury made its verdict on the trial of the century, but the Bitcoin space is still abuzz with conversations and debates about its impact and what happens next. Bitcoin expert Joshua Henslee…

Ayre Ventures finishes follow-on financial investment in Mijem Inc.

Home » Press Releases » Ayre Ventures completes follow-on investment in Mijem Inc. First Marketplace with ‘Get Bitcoin SV-Back’ Loyalty System – Users Benefit from New Crypto Wallet Functionality and BSV Loyalty Program TORONTO, Canada – Mijem Inc., the Canada-based social marketplace and technology company, closed a follow-on investment in its RTO concurrent financing with…

What I discovered at CoinGeek New york city conference

What stood out to me at the CoinGeek New York conference was the immense amount of growth the BSV enterprise blockchain ecosystem has experienced. Between the individuals and businesses that primarily support other chains but attended to see what was happening in BSV and the companies and government representatives that attended because they believe their solutions will only work…

Federal Reserve guv concerns require for CBDCs

A senior official at the Federal Reserve has said he is unconvinced of the case for central bank digital currencies (CBDCs), highlighting concerns about whether CBDCs can help with financial inclusivity. Federal Reserve Governor Randal Quarles, who also heads the Financial Stability Board, made the comments at the annual Milken Institute Global Conference, which brings…

Regulation

President of Venezuela Raises Minimum Wage to Half a Petro

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to…

Prices

What is DeadFellaz: A Guide on the Ambitious NFT Brand and Collection

DeadFellaz is an Ethereum-based collection of 10,000 NFTs (ERC-721s) launched in August 2021. The co-founders are Betty, a co-director of a creative production agency, and Psych, the lead artist of the collection. Maddy Kenyon is the 3D lead artist of the project.  The collection features over 300 randomly generated traits and attributes including mouth, eyes,…

What is Bottom-Up Development, and Why Does It Matter for NFTs?

In the metaverse, bottom-up development refers to the process of using existing elements to compose new games or digital experiences. Since elements are constructed using blocks of code, already available NFT metadata and 3D art can allow developers to create games using elements that come with a built-in, enthusiastic community.  We imagine a world where…

Cardano Founder Pegs DeFi TVL at $19B as Stablecoin Djed’s Testnet Goes Public

Cardano was one of the most hyped Layer 1 chains in 2021 and was expected to become home to some of the topmost DeFi Dapps, but the events that unfolded soon after its launch failed to place Cardano in the same league as Ethereum and Binance Smart Chain. So then, how come Charles Hoskinson believes…

Celsius vs. Linus: Earn Interest on Crypto or High-Yield USD Account?

Celsius vs. Linus makes for an interesting comparison between two unique cryptocurrency interest accounts. Both platforms let you earn passive but not-risk-free income, but they accomplish this through distinct approaches.  Celsius accepts cryptocurrency deposits and allows for “in-kind” interest, and it also functions as a lending platform. On the other hand, Linus only accepts and…

What is Celsius Network|Cryptocurrency Interest Accounts and Lending Review

Cryptocurrency interest accounts and lending programs are all the rage in the blockchain space right now. Replacing greedy intermediaries, these companies enable interest-bearing cryptocurrency accounts and low-fee lending that utilizes cryptocurrency as collateral.  In doing so, they can offer higher interest rates on savings accounts and loan rates that are generally lower than traditional alternatives.…
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Romania, Latvia Mull Modifications To Crypto Laws, Taxes

Source: AdobeStock / OleksiiRomania and Latvia are among the latest European countries to launch analytical work on updating their respective regulations for the cryptoasset and blockchain industry. In Romania's case, this could potentially mean increasing national taxes on crypto-related operations and transactions. In Latvia, the government aims to intensify its anti-money laundering (AML) efforts. Representatives of…

Scaling Content at Coinbase

Please enable cookies. Please complete the security check to access blog.coinbase.com Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at…

Crypto.com brings back withdrawals after reported $15M ETH hack

Prominent cryptocurrency exchange Crypto.com briefly froze withdrawals for customers this week as it investigated a possible US$15 million theft. The company later posted that withdrawals had been restored and “all funds are safe.” Crypto.com first brought attention to the problem on January 17, 2022, but did not comment if any funds were stolen. Update: Withdrawal…

EU Crypto Market Calls to Arms as Bitcoin & Ethereum Restriction in Cards Again

In 2019, this mural in Paris by Pascal Boyart hid a reward in bitcoin for the first person savvy enough to solve the visual puzzle. Source: Twitter/@pascalboyartFrance-based hardware wallet manufacturer Ledger sounded an alarm about a possible EU-wide ban on cryptoassets that are using the proof-of-work (PoW) consensus mechanism, calling people to contact members of…

Bitcoin Falls as Second Bitcoin ETF Goes Reside In the United States

Source: Adobe/TimThe price of bitcoin (BTC) fell Friday morning US time just as the second bitcoin futures-backed ETF, the Valkyrie Bitcoin Strategy ETF with ticker BTF, went live on the Nasdaq stock exchange.Since going live at 09:30 ET (13:30 UTC), BTF was down by 3.15% from a price per share of USD 25.34 for the…

Bitcoin and Ethereum Hold Secret Uptrend Assistance, THETA Trims Gains

Bitcoin price is holding the key USD 42,500 support zone.Ethereum remains above USD 3,000, XRP hovers near USD 0.80.THETA extended rally above USD 4.20 before correcting lower.Bitcoin price started a downside correction below the USD 44,000 level. BTC even declined below USD 43,000, but the bulls appeared near USD 42,500. It is currently (11:02 UTC)…

NYCCoin, Cambridge on Tezos, Tether on Avalanche More News

Source: Adobe/Luciano Mortula-LGMGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Adoption newsThe NYCCoin is set to launch on Thursday, November 11, with the community-led proposal endorsed by New York City Mayor-elect Eric Adams. The New York-focused token is being launched by CityCoins,…

ECB Publishes New Oversight Framework, Set to Include Stablecoins

Source: AdobeStock/ilolabThe European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European Union’s forthcoming regulations on crypto assets, including stablecoins, and international standards…

Jackson Laskey on CoinGeek Backstage: NFTY Jigs turbo charges digital items for video games

Home » Interviews » Jackson Laskey on CoinGeek Backstage: NFTY Jigs supercharges digital goods for games In this episode of the CoinGeek Backstage, host Patrick Thompson interviewed Jackson Laskey, the co-founder and CEO of Unbounded Enterprise, the man behind Duro Dogs, and the NFTY Jigs platform. Unbounded Enterprise is building NFTY Jigs, a new kind of platform…