Ripple Considers IPO Outside US in Response to SEC’s ‘Hostile’ Stance
🇺🇸 Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC).
💵 Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse expressed concerns about the U.S. Securities and Exchange Commission’s stance. Despite Ripple’s interest in going public, the firm has temporarily shelved its IPO plans amidst the ongoing legal battle with the SEC.
💵 “In the United States, trying to go public with a very hostile regulator that’s approved your S-1, that doesn’t sound like a lot of fun to me,” said Garlinghouse. You know, Coinbase obviously had their S-1 approved and now the SEC is suing them for doing things that were outlined in their S-1.”
🦌 “And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it,” said Garlinghouse. “I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the American people.”
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South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval
🇰🇷 South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy at the South Korean Presidential Office.
⏰ During a briefing, Sung highlighted the government’s interest in aligning local regulations with international standards, suggesting a more open approach towards cryptocurrencies and related financial products like ETFs.
🎁 Responding to the question, “Are you considering institutionalizing Bitcoin?” in briefing, Sung said, “We need to change our country’s legal system appropriately, or things that happen overseas can be accepted in our country.”
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Hut 8 Responds to Short Seller Report Accusing Bitcoin Miner of Malpractice
🪙 Bitcoin miner Hut 8 has expressed confidence in its latest partnership with USBTC following a controversial report released by JCapital Research warning investors of possible risks.
🟡 In a brief response on Jan 19, the company stated that it had read the report and would provide all necessary updates deemed appropriate amid concerns by the wider digital asset community on social media spaces.
🟡 “(Hut 8) is aware of a short report issued on January 18 by J Capital Research, which is a self-proclaimed group of biased activists who clearly disclose that they will profit if a company’s share price declines. Hut 8 is reviewing the report and will provide updates as the Company deems appropriate.”
💵 The Canadian miners expressed full confidence in the current management team and the board of directors following the merger adding that the partnership would achieve growth for all shareholders.
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Bitcoin Ordinals ‘Genesis Cat’ Sells for $254K in Sotheby’s Digital Art Auction
💰 “Genesis Cat,” a digital art piece created on the Bitcoin blockchain’s Ordinals protocol, was sold for over $250,000 at a recent Sotheby’s auction. Created by artist and engineer Francisco “FAR” Alarcon, “Genesis Cat” is a part of the Quantum Cats collection, produced by the Taproot Wizards group. With the initial estimated price of $15,000 to $20,000, the piece was sold at the impressive $254,000.
🔑 “With over 50 Bids, ‘Genesis Cat’ by @0xfar for Taproot Wizards’ has achieved an impressive $254,000 (6.31 BTC), 12X over the high estimate,” said Sotheby’s. FAR’s work is notable for its exploration of visual arts and technology, often delving into the history of computer-generated graphics and digital imaging.
🔑 “Genesis Cat,” as the only 1/1 artwork in the Quantum Cats collection, holds a unique place in the Bitcoin Ordinals art world. The Quantum Cats collection, the first public collection from Taproot Wizards, is aimed at inspiring innovation and creativity within the Bitcoin ecosystem.
❔ Comprising 3,333 distinct digital cats, the collection combines elements of retro style, cosmic imagery, and Bitcoin lore, reflecting the evolving nature of the Bitcoin protocol and its cultural impact.
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SEC Postpones Decision on BlackRock’s Spot Ethereum ETF to March
🔹 The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March.
💸 According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then approve, disapprove, or institute proceedings to determine whether the proposed rule change should be disapproved.
💸 “Section 19(b)(2) of the Act4 provides that within 45 days of the publication of notice of the filing of a proposed rule change,” wrote the SEC, “Or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate.”
🔹 “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” wrote the SEC.
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Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle
🔶 The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange.
🔥 According to a joint status report filed on January 25, the SEC alleges that BAM Trading Services, the parent company of Binance.US, has not fully complied with its information requests. The regulatory body seeks detailed insights into the custody and liquidity of assets, expressing concerns that Binance US might have undisclosed control mechanisms over customer funds, reminiscent of the FTX scandal.
🔶 BAM’s attorneys vehemently refute these allegations, asserting that the company has adhered to all document production requirements stipulated in the consent order and the expedited recovery request. They argue that the SEC’s methods, including issuing a Temporary Restraining Order (TRO) and pursuing expedited discovery, have imposed an undue burden on BAM.
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💙Prize fund: 30 000 LOVE tokens $90 000 worth
💙Prizes: 5 LOVE tokens to each participant
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💙Date: January 30th to February 16th
💙The prizes release date: 6 weeks after the end of the giveaway
👉How to participate👈
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Don't forget to share our giveaway with your friends too! Thank you and good luck!!
🚀 We are launching Love Power Marketplace – the first decentralised trading platform with the feature of P2P NFT token exchange!! Join us, participate and get great prizes 🚀
A few simple steps to get your prizes and gifts 🎁
💙Prize fund: 30 000 LOVE tokens $90 000 worth
💙Prizes: 5 LOVE tokens to each participant
💙Super prizes: 300 LOVE tokens ($900) to a random lucky one!
💙Date: January 30th to February 16th
💙The prizes release date: 6 weeks after the end of the giveaway
👉How to participate👈
📌Click the airdrop link and complete all the tasks: https://gleam.io/K8flq/love-power-marketplace-giveaway
📌The more tasks you complete, the higher the chance of winning the super prize!
Don't forget to share our giveaway with your friends too! Thank you and good luck!!
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🌍 UAE and China Lead the Way with $13.6M CBDC Breakthrough!
🇦🇪 The United Arab Emirates and China have just made history in the world of digital finance, as they successfully conducted their first-ever cross-border central bank digital currency (CBDC) transaction. And it's no small change – we're talking about a whopping $13.6 million!
🤝 This groundbreaking payment took place during the grand celebration of the Central Bank of UAE's 50th anniversary in Abu Dhabi, where high-ranking officials from both nations gathered to witness this momentous occasion.
📱 Thanks to the innovative m-CBDC Bridge platform, digital dirhams and digital yuan were seamlessly exchanged, showcasing the immense potential of digital currencies in facilitating global financial transactions.
🎉 The event was nothing short of spectacular, with nearly a thousand attendees and esteemed guests like Vice President Mansour bin Zayed Al Nahyan and Chinese Ambassador Zhang Yiming gracing the occasion.
🚀 In a true display of collaboration, Mansour and Zhang jointly initiated this landmark payment, officially launching the m-CBDC Bridge's real-time capabilities. It's a significant step forward after the successful pilot phase earlier this year.
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With $JAM paving the way for artists to seize control of their financial destiny, it's time to tune in and witness this groundbreaking fusion of creativity and technology! 🎨💡
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El Salvador's Bitcoin Revolution Continues: Bukele Triumphs in Re-election Poll!
📊 A Landslide Victory: President Nayib Bukele is riding high on a wave of support, as early results suggest an overwhelming 85% of the electorate has chosen to keep him at the helm. Not only that, but his party, Nuevas Ideas, is poised to secure a staggering 58 out of 60 seats in the legislative assembly.
📲 Making History: Bukele isn't one to shy away from bold claims, and this time he's raising the stakes even higher. With a touch of bravado, he proclaims, "This is not just a win; it's a world record in democratic history!" It seems El Salvador's political landscape is experiencing seismic shifts.
🔗 Polls and Predictions: While we await the official word from electoral authorities, the numbers seem to align with the findings of respected research firm CID Gallup. Their latest report suggests that Bukele's victory could be even more resounding, with an impressive 87% of voters backing him and his progressive agenda.
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Thailand's Digital Asset Hub Takes Off: VAT-Free Crypto Trading Signals New Era
📈 Thailand is making bold moves to establish itself as a digital asset hub, with the Finance Ministry leading the charge by introducing a game-changing policy: no VAT on crypto trading.
💲 The goal? To supercharge fundraising and foster the growth of the digital asset industry, says Bangkok Post. It's all part of Thailand's vision for a thriving digital economy.
💰 Starting January 1, 2024, investors and traders can rejoice as they are exempt from the 7% VAT that used to be levied on their cryptocurrency and digital token earnings. And here's the kicker – this incentive has no expiry date!
🇹🇭 Thailand is sending a clear message to the world: it's time to embrace the future of finance, and they're leading the way with a tax-friendly environment for digital assets. Get ready for a new era of opportunity in the Land of Smiles!
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Bitcoin Rockets Past $46,000 as ETFs Boost Investor Confidence
📈 Bitcoin (BTC) is on a meteoric rise, smashing through the $46,000 barrier and reaching its highest point in a month. The cryptocurrency's surge can be attributed to steady inflows into US-based funds and the buzz surrounding April's halving event. With a 7.3% gain over the past week, BTC is now trading at around $46,246.
💼 The introduction of new spot Bitcoin ETFs has sparked significant interest, with an impressive streak of 10 consecutive days of net inflows. This influx of capital has pushed the total to a staggering $8 billion this week, highlighting the strong demand from investors.
✅ Notably, two major players in the financial world have made their mark in the crypto space. BlackRock's iShares Bitcoin Trust (IBIT) secured the eighth spot on Morningstar's list with a whopping $2.6 billion in net flows, while Fidelity Wise Origin Bitcoin ETF (FBTC) claimed the tenth spot with $2.2 billion.
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🐉 The next MASSIVE #SOL #Memecoin is HERE
Here’s all you need to know ⬇️
🐉 Project Name: SMOG
✅ Ticker Name: $SMOG
🔗 Total Supply: 1,400,000,000
⛓ Contract Address: FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8
🚀 Launch Price - $0.001419
💸 Current Price - $0.032536
📣 Token Holders- 14,606
📈 Last 24H: +159.3%
🔗 Chain: Solana
💰 MarketCap: $45,348,475
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Here’s all you need to know ⬇️
🐉 Project Name: SMOG
✅ Ticker Name: $SMOG
🔗 Total Supply: 1,400,000,000
⛓ Contract Address: FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8
🚀 Launch Price - $0.001419
💸 Current Price - $0.032536
📣 Token Holders- 14,606
📈 Last 24H: +159.3%
🔗 Chain: Solana
💰 MarketCap: $45,348,475
🐉 Smog is currently TRENDING in the last 24h on Dextools, Dexscreener & Birdeye!
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🔥Join our TG: https://t.me/SMOGToken
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Waterfall is the most decentralized BlockDAG protocol currently available 🚀
🔑 Key Features:
📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
📌 Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR
🔑 Key Features:
📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
📌 Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR