Kyle Bass: Bitcoin’s Days Are Over, Investors Should Move On
For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on.
Kyle Bass On Bitcoin… It’s Days Are NumberedBass is the founder and chief investment officer at Hayman Capital Management. In a recent interview, he stated that he thinks bitcoin has run its course, and that investors have already made all they’re going to make on the currency. He believes the time has come for investors to refocus their attention and turn to other tools if they’re looking to keep their wealth stable.
One of the reasons Bass thinks BTC might be over and done with is because he sees heavy regulation making its way into countries like the U.S. in 2022. He says that following the China crackdown that occurred over the summer, there will be many other countries that repeat this behavior given that the entire space is largely unregulated and puts people at risk of losing their funds to hackers.
For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on.
Kyle Bass On Bitcoin… It’s Days Are NumberedBass is the founder and chief investment officer at Hayman Capital Management. In a recent interview, he stated that he thinks bitcoin has run its course, and that investors have already made all they’re going to make on the currency. He believes the time has come for investors to refocus their attention and turn to other tools if they’re looking to keep their wealth stable.
One of the reasons Bass thinks BTC might be over and done with is because he sees heavy regulation making its way into countries like the U.S. in 2022. He says that following the China crackdown that occurred over the summer, there will be many other countries that repeat this behavior given that the entire space is largely unregulated and puts people at risk of losing their funds to hackers.
LBank Exchange Will List ARTM on December 22, 2021
INTERNET CITY, DUBAI, Dec. 20, 2021 – LBank Exchange, a global digital asset trading platform, will list ARTM token on December 22, 2021. For all users of LBank Exchange, the ARTM/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 22, 2021.
Although crypto market has been growing exponentially in recent years, most of cryptocurrencies still heavily derive value by investor speculation, which makes them have little to no utility purpose other than to be exchanged. Breaking into the crypto space and offering something different enough form what is already available, ARTM is here to build an easy-to-use software platform that can fuel the cryptographic needs of currently untapped markets. The ARTM token will be listed on LBank Exchange at 21:00 (UTC+8) on December 22, 2021, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Dec. 20, 2021 – LBank Exchange, a global digital asset trading platform, will list ARTM token on December 22, 2021. For all users of LBank Exchange, the ARTM/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 22, 2021.
Although crypto market has been growing exponentially in recent years, most of cryptocurrencies still heavily derive value by investor speculation, which makes them have little to no utility purpose other than to be exchanged. Breaking into the crypto space and offering something different enough form what is already available, ARTM is here to build an easy-to-use software platform that can fuel the cryptographic needs of currently untapped markets. The ARTM token will be listed on LBank Exchange at 21:00 (UTC+8) on December 22, 2021, to further expand its global reach and help it achieve its vision.
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800.
Draft Bill Open for CommentsMyanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine.According to a report published by The Register, individuals caught using VPNs will face a possible jail sentence of between one and three years. In addition, offenders may also be asked to pay a fine of $2,800 or five million Myanmar Kyats. Digital currency users, on the other hand, face a minimum jail term of six months and a maximum of up to one year. They will also be liable to pay fines of up to $2,800.Besides targeting digital currency and VPN users, the military government’s proposed regulations will compel service providers to provide the personal information of users when requested to do so by authorities.A draft bill signed by Soe Thein, the permanent secretary of the Military’s Transport and Communications Ministry, is currently open for comments. As suggested in the report, citizens will be allowed to comment on the draft until January 28.
Proposed Law CriticizedReacting to the proposals, Alp Toker, the director of Netblocks — an internet monitoring company — is quoted in the report criticising the military government’s attempts to include provisions that were previously rejected by industry and civil society. The director said:
The proposed bill is draconian, even by the standards of the Burmese [Myanmar] military. The first version of the bill proposed in February 2021 was dropped after industry and civil society united to push back, but the military has been set on getting its way.
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800.
Draft Bill Open for CommentsMyanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine.According to a report published by The Register, individuals caught using VPNs will face a possible jail sentence of between one and three years. In addition, offenders may also be asked to pay a fine of $2,800 or five million Myanmar Kyats. Digital currency users, on the other hand, face a minimum jail term of six months and a maximum of up to one year. They will also be liable to pay fines of up to $2,800.Besides targeting digital currency and VPN users, the military government’s proposed regulations will compel service providers to provide the personal information of users when requested to do so by authorities.A draft bill signed by Soe Thein, the permanent secretary of the Military’s Transport and Communications Ministry, is currently open for comments. As suggested in the report, citizens will be allowed to comment on the draft until January 28.
Proposed Law CriticizedReacting to the proposals, Alp Toker, the director of Netblocks — an internet monitoring company — is quoted in the report criticising the military government’s attempts to include provisions that were previously rejected by industry and civil society. The director said:
The proposed bill is draconian, even by the standards of the Burmese [Myanmar] military. The first version of the bill proposed in February 2021 was dropped after industry and civil society united to push back, but the military has been set on getting its way.
Wealthy Crypto Traders Are Pouncing on Shiba Inu (SHIB) and Several Additional Altcoins As Markets Bounce Back
Some of the wealthiest crypto investors in existence are pouncing on meme coin Shiba Inu (SHIB) and four other altcoins as the digital asset markets show signs of strength.
According to whale-monitoring platform WhaleStats, Shib Inu is back within the top 10 most purchased altcoins in the last 24 hours by the top 1,000 non-exchange Ethereum whales.
Some of the wealthiest crypto investors in existence are pouncing on meme coin Shiba Inu (SHIB) and four other altcoins as the digital asset markets show signs of strength.
According to whale-monitoring platform WhaleStats, Shib Inu is back within the top 10 most purchased altcoins in the last 24 hours by the top 1,000 non-exchange Ethereum whales.
Binance NFT Announces Unique Mystery Box Collection in Collaboration With Toni Kroos
March 25, 2022 – Singapore, Singapore
Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, is launching a unique collection in collaboration with Toni Kroos on March 31, 2022, at 11:00 a.m. UTC – one of the best German soccer players in history currently playing as a midfielder for Real Madrid.With the support of NFKings, a leading NFT and metaverse player, this collection will be released as 6,500 mystery boxes, each containing a hidden art piece made by Ahmed Abokor. The NFTs are based on Kroos’ career and his history as a soccer player, highlighting unique plays and moments.
There will be four classes of rarity, going from super super rare (SSR), super rare (SR), rare (R) and normal (N). Each mystery box will grant a chance to obtain any of the four categories – though the chances of receiving rare NFTs will of course be lower.
March 25, 2022 – Singapore, Singapore
Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, is launching a unique collection in collaboration with Toni Kroos on March 31, 2022, at 11:00 a.m. UTC – one of the best German soccer players in history currently playing as a midfielder for Real Madrid.With the support of NFKings, a leading NFT and metaverse player, this collection will be released as 6,500 mystery boxes, each containing a hidden art piece made by Ahmed Abokor. The NFTs are based on Kroos’ career and his history as a soccer player, highlighting unique plays and moments.
There will be four classes of rarity, going from super super rare (SSR), super rare (SR), rare (R) and normal (N). Each mystery box will grant a chance to obtain any of the four categories – though the chances of receiving rare NFTs will of course be lower.
Meson Network And RSS3 Partner Up To Support Open Information Syndication Protocol In Web3
Meson Network, a bandwidth trading platform built on blockchain and RSS3, an open information syndication protocol entered into a strategic partnership to ensure RSS3 users enjoy accelerated static files in a fully decentralized network frame.
As per the announcement, the partnership will integrate Meson Network’s decentralized CDN to accelerate files and content faster, giving users a premium experience. Notably, Meson Network has been using RSS3’s Revery solution to distribute social content such as Twitter messages to various platforms for a long time now. The Revery solution has massively expanded Meson Network’s global distribution channels.
Meson Network, a bandwidth trading platform built on blockchain and RSS3, an open information syndication protocol entered into a strategic partnership to ensure RSS3 users enjoy accelerated static files in a fully decentralized network frame.
As per the announcement, the partnership will integrate Meson Network’s decentralized CDN to accelerate files and content faster, giving users a premium experience. Notably, Meson Network has been using RSS3’s Revery solution to distribute social content such as Twitter messages to various platforms for a long time now. The Revery solution has massively expanded Meson Network’s global distribution channels.
DOJ Charges Two Individuals for Allegedly Aiding Ethereum Developer in Helping North Korea Evade Sanctions
The U.S. Department of Justice (DOJ) is charging two Europeans with conspiracy to violate US sanctions on North Korea with former Ethereum developer Virgil Griffith.
According to a new DOJ press release, Spanish citizen Alejandro Cao De Benos and Christopher Emms of the United Kingdom are being sought for helping Griffith provide blockchain support to North Korea.
The U.S. Department of Justice (DOJ) is charging two Europeans with conspiracy to violate US sanctions on North Korea with former Ethereum developer Virgil Griffith.
According to a new DOJ press release, Spanish citizen Alejandro Cao De Benos and Christopher Emms of the United Kingdom are being sought for helping Griffith provide blockchain support to North Korea.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million.
Bitmex’s Arthur Hayes SentencedThe U.S. Department of Justice (DOJ) announced Friday that the founder and former CEO of cryptocurrency derivatives exchange Bitmex has been sentenced for violating the Bank Secrecy Act (BSA). Hayes pleaded guilty to violating the Bank Secrecy Act in February.
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million.
Bitmex’s Arthur Hayes SentencedThe U.S. Department of Justice (DOJ) announced Friday that the founder and former CEO of cryptocurrency derivatives exchange Bitmex has been sentenced for violating the Bank Secrecy Act (BSA). Hayes pleaded guilty to violating the Bank Secrecy Act in February.
Major Blow To Panamanians As President Vetoes Crypto Regulation Legislation
Panama’s President Laurentino Cortizo has shot down a previously approved pro-crypto bill that would allow citizens to use cryptocurrencies as a means of payment and make the Central American nation compatible with DAOs.
According to the local media house La Prensa, Cortizo made the decision to partially veto the bill on the grounds that it should conform to the new regulations advised by the Financial Action Task Force (FATF) defining “fiscal policy and prevention of money laundering”.
Panama’s President Laurentino Cortizo has shot down a previously approved pro-crypto bill that would allow citizens to use cryptocurrencies as a means of payment and make the Central American nation compatible with DAOs.
According to the local media house La Prensa, Cortizo made the decision to partially veto the bill on the grounds that it should conform to the new regulations advised by the Financial Action Task Force (FATF) defining “fiscal policy and prevention of money laundering”.
South African-based Xago launches XEU stablecoin for EUR, joining XUS, XGB, USDC, XZR and XRP
Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat.
XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes.
Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat.
XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
Home | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
Home | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
TiFi Rounds Up 3rd Quarter Ranking Among Top BSC Projects
TiFi is an integrated finance ecosystem that provides services such as shopping & trading platforms with NFT and TiFi Token and has a decentralized exchange System. Known as the Allverse, the project launched only a few months ago, but has risen to be among the top projects on BSC.
The Allverse serves as a bridge between the metaverse and the physical worlds. In it, users can shop and trade products using NFTs, which allows trading goods between the virtual and physical worlds.
TiFi is an integrated finance ecosystem that provides services such as shopping & trading platforms with NFT and TiFi Token and has a decentralized exchange System. Known as the Allverse, the project launched only a few months ago, but has risen to be among the top projects on BSC.
The Allverse serves as a bridge between the metaverse and the physical worlds. In it, users can shop and trade products using NFTs, which allows trading goods between the virtual and physical worlds.
Arbswap Launches the Nova Accelerator to Support Arbitrum’s Ecosystem Growth
PRESS RELEASE. Arbswap, the Arbitrum-native automated market maker decentralized exchange, has seen significant progress over the past months. Following the migration of its contracts to the Arbitrum Nova network, Arbswap has recently launched the Nova Accelerator with support from Old Fashion Research, a multi-strategy blockchain investment fund. By establishing the Accelerator, Arbswap has set out to support the growth of Arbitrum Nova’s ecosystem through investments and advisory services for projects building on the platform. According to Arbswap, the Nova Accelerator aims to invest $10 million in the Arbitrum Nova ecosystem.
About Arbswap and Arbitrum NovaArbitrum Nova is an Arbitrum Layer-2 scaling solution that optimizes ultra-low-cost transactions while offering strong security guarantees. Being the first Arbitrum chain built on its AnyTrust technology, Arbitrum Nova is meant to serve applications that handle high volumes of price-sensitive transactions, such as gaming, social and decentralized exchanges.As a decentralized exchange, Arbswap aims to offer maximum security and affordability to users swapping tokens on its DEX. Arbitrum Nova boasts high security and low transaction costs even at high volumes, so Arbswap’s swift decision to migrate to Nova is sure to serve as a significant first mover advantage over other exchanges with “high” transaction costs of the Arbitrum One chain. Furthermore, the various DeFi tools offered by Arbswap, such as liquidity mining, staking pools, and Dasher, a launchpad product that bootstraps new Arbitrum Nova projects through vested token sales, make Arbswap a very attractive DEX for various market participants.Combined with Dasher, the Nova Accelerator has allowed Arbswap to position itself as a powerful force in the Arbitrum universe, offering projects building on Arbitrum Nova a way to finance and launch their products through the Arbswap ecosystem.For all Arbswap-related updates, make sure to follow their social media channels:Website | Twitter | Telegram | AnnouncementsName: Stag ArbswapEmail: stag@arbswap.io
PRESS RELEASE. Arbswap, the Arbitrum-native automated market maker decentralized exchange, has seen significant progress over the past months. Following the migration of its contracts to the Arbitrum Nova network, Arbswap has recently launched the Nova Accelerator with support from Old Fashion Research, a multi-strategy blockchain investment fund. By establishing the Accelerator, Arbswap has set out to support the growth of Arbitrum Nova’s ecosystem through investments and advisory services for projects building on the platform. According to Arbswap, the Nova Accelerator aims to invest $10 million in the Arbitrum Nova ecosystem.
About Arbswap and Arbitrum NovaArbitrum Nova is an Arbitrum Layer-2 scaling solution that optimizes ultra-low-cost transactions while offering strong security guarantees. Being the first Arbitrum chain built on its AnyTrust technology, Arbitrum Nova is meant to serve applications that handle high volumes of price-sensitive transactions, such as gaming, social and decentralized exchanges.As a decentralized exchange, Arbswap aims to offer maximum security and affordability to users swapping tokens on its DEX. Arbitrum Nova boasts high security and low transaction costs even at high volumes, so Arbswap’s swift decision to migrate to Nova is sure to serve as a significant first mover advantage over other exchanges with “high” transaction costs of the Arbitrum One chain. Furthermore, the various DeFi tools offered by Arbswap, such as liquidity mining, staking pools, and Dasher, a launchpad product that bootstraps new Arbitrum Nova projects through vested token sales, make Arbswap a very attractive DEX for various market participants.Combined with Dasher, the Nova Accelerator has allowed Arbswap to position itself as a powerful force in the Arbitrum universe, offering projects building on Arbitrum Nova a way to finance and launch their products through the Arbswap ecosystem.For all Arbswap-related updates, make sure to follow their social media channels:Website | Twitter | Telegram | AnnouncementsName: Stag ArbswapEmail: stag@arbswap.io
XRP Lawsuit: Blockchain Association Requests Court To Allow It Support Ripple In SEC Case
US-based crypto lobbyist group, the Blockchain Association, has filed an amicus brief seeking to be enjoined to support Ripple in the SEC vs Ripple lawsuit.
In the 39-page document dated October 28, the group throws its weight behind Ripple’s argument that the SEC is wrong on the law and that its pattern of regulation by enforcement is harmful to both US crypto companies and the investors that it’s meant to protect.
For close to two years, Ripple and two top executives have been battling a lawsuit brought against them by the US Securities and Exchange Commission over allegations that the trio issued XRP tokens for sale in contravention of the Securities Act. According to the group, by attempting to use the Howey test in justifying XRP as a security despite failing to guide the definition of an “investment contract”, the SEC was resulting in “regulation by enforcement”, which was illegal.
US-based crypto lobbyist group, the Blockchain Association, has filed an amicus brief seeking to be enjoined to support Ripple in the SEC vs Ripple lawsuit.
In the 39-page document dated October 28, the group throws its weight behind Ripple’s argument that the SEC is wrong on the law and that its pattern of regulation by enforcement is harmful to both US crypto companies and the investors that it’s meant to protect.
For close to two years, Ripple and two top executives have been battling a lawsuit brought against them by the US Securities and Exchange Commission over allegations that the trio issued XRP tokens for sale in contravention of the Securities Act. According to the group, by attempting to use the Howey test in justifying XRP as a security despite failing to guide the definition of an “investment contract”, the SEC was resulting in “regulation by enforcement”, which was illegal.
Ledger Taps iPod Designer For New Hardware Wallet Amid FTX Debacle
Summary:
Apple iPod creator Tony Fadell worked on the design for Ledger’s new hardware wallet.The so-called Ledger Stax wallet will feature an e-ink display for users to view NFTs and crypto transactions directly on the device.Stax’s release was announced amid increased interest in self-custody solutions following FTX’s crash.Ledger, a popular crypto hardware wallet company, teamed up with Tony Fadell for its Stax self-custody solution expected in Q1 2023. Fadell is credited for designing Apple’s iPod device.
The wallet maker’s CEO and chairman Pascal Gauthier expanded on the approach taken by the company for its Stax hardware wallet. CTO Charles Guillemet affirmed that the aim was to achieve mass adoption with a device that features accessibility and self-custody security for crypto users.
Summary:
Apple iPod creator Tony Fadell worked on the design for Ledger’s new hardware wallet.The so-called Ledger Stax wallet will feature an e-ink display for users to view NFTs and crypto transactions directly on the device.Stax’s release was announced amid increased interest in self-custody solutions following FTX’s crash.Ledger, a popular crypto hardware wallet company, teamed up with Tony Fadell for its Stax self-custody solution expected in Q1 2023. Fadell is credited for designing Apple’s iPod device.
The wallet maker’s CEO and chairman Pascal Gauthier expanded on the approach taken by the company for its Stax hardware wallet. CTO Charles Guillemet affirmed that the aim was to achieve mass adoption with a device that features accessibility and self-custody security for crypto users.
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China.
Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’According to a study conducted by Jangyoun Lee, an assistant professor at Incheon National University, and Taehee Oh of the Bank of Korea, South Korea’s kimchi premium appears to be significantly correlated with an influx of overseas remittances to China. The researchers note that the first instance of the kimchi premium in South Korea occurred in 2016, when there was high demand for bitcoin among Korean investors but a limited supply of BTC. Essentially, the kimchi premium refers to the price of bitcoin and other cryptocurrency assets being significantly higher in South Korea than on Western exchanges.
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China.
Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’According to a study conducted by Jangyoun Lee, an assistant professor at Incheon National University, and Taehee Oh of the Bank of Korea, South Korea’s kimchi premium appears to be significantly correlated with an influx of overseas remittances to China. The researchers note that the first instance of the kimchi premium in South Korea occurred in 2016, when there was high demand for bitcoin among Korean investors but a limited supply of BTC. Essentially, the kimchi premium refers to the price of bitcoin and other cryptocurrency assets being significantly higher in South Korea than on Western exchanges.
Cardano (ADA) Price Analysis: Dips Remain Attractive To The Bulls
Cardano price is correcting lower below $0.412 against the US Dollar, similar to bitcoin. ADA price could extend its decline if it breaks the $0.395 support.
Cardano Price AnalysisThis past week, cardano price started a steady increase above the $0.375 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.385 and $0.392 levels.
It even broke the $0.400 level and settled well above the 55 simple moving average (4-hours). It traded as high as $0.421 and recently started a downside correction. There was a move below the $0.405 and $0.400 levels. The price even spiked below the 23.6% Fib retracement level of the upward move from the $0.3454 swing low to $0.4213 high.
Cardano price is correcting lower below $0.412 against the US Dollar, similar to bitcoin. ADA price could extend its decline if it breaks the $0.395 support.
Cardano Price AnalysisThis past week, cardano price started a steady increase above the $0.375 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.385 and $0.392 levels.
It even broke the $0.400 level and settled well above the 55 simple moving average (4-hours). It traded as high as $0.421 and recently started a downside correction. There was a move below the $0.405 and $0.400 levels. The price even spiked below the 23.6% Fib retracement level of the upward move from the $0.3454 swing low to $0.4213 high.
Exploring The Practical Applications of Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) Utility Tokens In Various Industries
Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) are three utility tokens that have garnered attention for their potential real-world applications in various industries. Orbeon Protocol (ORBN) is a new player in the market and is currently in its presale phase, while Quant (QNT) and ApeCoin (APE) have already gained traction in their respective fields. Let’s delve deeper into these utility tokens’ potential practical applications.
Quant (QNT)Quant (QNT) is an innovative blockchain project attracting attention for its groundbreaking approach to connecting diverse blockchains and networks. Quant (QNT) serves as a conduit between various networks, facilitating communication and data exchange among them.
The impressive feat of Quant (QNT) is accomplished through the Overledger Network, a cutting-edge technology designed to enable interoperability between different blockchains and networks. To access and utilize the features of the Overledger Network, users must acquire Quant (QNT) tokens.
Orbeon Protocol (ORBN), Quant (QNT) and ApeCoin (APE) are three utility tokens that have garnered attention for their potential real-world applications in various industries. Orbeon Protocol (ORBN) is a new player in the market and is currently in its presale phase, while Quant (QNT) and ApeCoin (APE) have already gained traction in their respective fields. Let’s delve deeper into these utility tokens’ potential practical applications.
Quant (QNT)Quant (QNT) is an innovative blockchain project attracting attention for its groundbreaking approach to connecting diverse blockchains and networks. Quant (QNT) serves as a conduit between various networks, facilitating communication and data exchange among them.
The impressive feat of Quant (QNT) is accomplished through the Overledger Network, a cutting-edge technology designed to enable interoperability between different blockchains and networks. To access and utilize the features of the Overledger Network, users must acquire Quant (QNT) tokens.