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⚡️ Join Cryptonews.com on Telegram for the latest insights and trends in the world of cryptocurrency and blockchain!
🔥 Be the first to know about breaking news, market updates, and emerging trends in the fast-paced world of cryptocurrency.
What We Offer 👇
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🔹 Interviews with experts and industry insiders
🔹 A community passionate about the future of finance
🪐 Access exclusive news, behind-the-scenes insights, and in-depth coverage on the latest happenings in the crypto space.
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📈 Elevating Protocols: This partnership underscores a joint commitment to advancing cryptographic protocols' effectiveness and safety, leveraging AMD's tech innovations.
🗓 Roadmap for Progress: In January 2024, Wormhole unveiled its ZK roadmap, outlining ambitious plans for enhancing ZK-enabled interoperability.
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🏦 Makerdao's DAI and FDUSD are also making waves, with their market values climbing to $4.93 billion and $3.31 billion, respectively.
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U.S. Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun are joining forces once again to combat the Biden administration's push for a central bank digital currency (CBDC). This bipartisan effort aims to safeguard our freedom and protect the privacy of our personal finances.
Cruz emphasizes that the Federal Reserve must not overstep its bounds, stating that the CBDC Anti-Surveillance State Act will ensure it doesn't morph into a retail bank or use a CBDC as a tool for monetary control. The bill also demands that any issuance of a CBDC requires explicit approval from Congress.
This legislation has garnered support from various organizations, including Heritage Action for America, the Blockchain Association, American Bankers Association, Independent Community Bankers Association, and Club for Growth. It's clear that many are concerned about potential government overreach.
Senator Hagerty highlights the need to prevent political agendas from infiltrating our financial system. He warns against using a CBDC as a means to surveil and potentially target Americans based on their beliefs or affiliations.
Senator Budd underscores the importance of preserving financial privacy in an era where an increasingly powerful government could exploit a CBDC to monitor and manipulate our spending habits. This act is seen as a crucial defense against such intrusions.
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🎩 But let's not forget that this isn't the first time Bitcoin has seen such grandeur. Back in February 2023, Luxor's Taproot Wizards etched their mark with a 3.96 MB block adorned with an enchanting wizard's image. It was like something out of a digital fantasy realm!
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🔁 US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance
🛡 Reviving Hope for U.S. Binance Users Seeking Justice
In a significant turn of events, the US Court of Appeals has breathed new life into the legal battle between American users and Binance. The higher court's decision gives hope to those who feel they were wronged by the popular cryptocurrency exchange.
💼 Section 29(b) and the Battle for Jurisdiction
The crux of the matter lies in whether the claims made by these users fall under the purview of US securities law or if they can be dismissed as an "impermissible extraterritorial application." Section 29(b) of the Securities and Exchange Act of 1934 takes center stage, as both sides vie for jurisdiction.
💰 Empty Promises and a Bag Left to Hold
For those who invested in tokens like EOS, TRX, ELF, FUN, ICX, OMG, and QSP, their dreams turned sour when these digital assets plummeted. They argue that Binance's actions violated federal and securities laws, leaving them with nothing but shattered expectations.
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The initial setback came when a US District Court dismissed their case, citing untimeliness. But undeterred, the plaintiffs took their fight to the Court of Appeals, seeking justice for what they believe are domestic transactions that should be governed by US laws.
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The higher court agreed with the users' argument that these transactions were indeed domestic in nature. By establishing that parties became bound within US borders, it paves the way for potential accountability under domestic securities laws.
⏰ Timing is Everything: Claims Within the Legal Bounds
Moreover, the Court of Appeals deemed the users' claims timely, debunking the lower court's ruling. It's a reminder that justice can't be bound by arbitrary timelines when it comes to protecting investors' rights.
In a significant turn of events, the US Court of Appeals has breathed new life into the legal battle between American users and Binance. The higher court's decision gives hope to those who feel they were wronged by the popular cryptocurrency exchange.
The crux of the matter lies in whether the claims made by these users fall under the purview of US securities law or if they can be dismissed as an "impermissible extraterritorial application." Section 29(b) of the Securities and Exchange Act of 1934 takes center stage, as both sides vie for jurisdiction.
For those who invested in tokens like EOS, TRX, ELF, FUN, ICX, OMG, and QSP, their dreams turned sour when these digital assets plummeted. They argue that Binance's actions violated federal and securities laws, leaving them with nothing but shattered expectations.
The initial setback came when a US District Court dismissed their case, citing untimeliness. But undeterred, the plaintiffs took their fight to the Court of Appeals, seeking justice for what they believe are domestic transactions that should be governed by US laws.
The higher court agreed with the users' argument that these transactions were indeed domestic in nature. By establishing that parties became bound within US borders, it paves the way for potential accountability under domestic securities laws.
Moreover, the Court of Appeals deemed the users' claims timely, debunking the lower court's ruling. It's a reminder that justice can't be bound by arbitrary timelines when it comes to protecting investors' rights.
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🔀 Why choose convertible bonds? This financing option offers a win-win scenario for investors seeking both income stability and potential growth opportunities. By allowing bondholders to convert their holdings into company stock, Coinbase can attract funds at potentially lower interest rates compared to traditional debt financing.
🔧 However, it's not all smooth sailing for Coinbase. The exchange has faced some operational hiccups during times of high cryptocurrency activity, most notably when Bitcoin reached new price milestones. But these challenges haven't dampened the overall optimism surrounding the platform's growth potential.
With its sights set on expansion and innovation, Coinbase is boldly reaching for the stars with this ambitious $1 billion convertible bond sale. As the crypto market continues to evolve, all eyes are on this digital currency pioneer and its quest for financial supremacy.
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In this wild world of meme coins, Shiba Inu remains a force to be reckoned with, showcasing both volatility and resilience on its journey to the moon! 🚀🌕
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Despite these challenges, Grayscale remains proactive by planning to introduce a smaller-scale version of GBTC pending regulatory approval.
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