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Crypto
ETH,BNB,BNB,SOL,CELO
Fantom(FTM)

$0.36

3.22%

Market Cap
1.02b
 

3.22%

Volume (24h)
38.04m
 

10.86%

Released on 29 Oct 2018
Crypto
Æternity(AE)

$0.02

1.69%

Market Cap
6.81m
 

1.69%

Volume (24h)
374.07k
 

16.58%

Released on 01 Jun 2017
老徐财经pro
老徐财经pro
followers

Dear friends, Happy New Year, may you have a good start and may you get rich in the bull market! If you make money in the currency circle, you must understand that those who make a fortune by speculating in currencies are essentially just speculators and nouveau riche, and are always weak people. It is important to protect yourself. If you can do the following things, your life will be very easy 1. Don’t let people around you know that you are playing with coins. There are many reasons. Those who understand will understand. 2. Don’t let others know how much money you make, and don’t post income and asset charts to avoid unnecessary trouble. 3. Don’t post about your wealthy life in your circle of friends. Except for your close relatives, no one wants you to live well. Showing off can easily lead to jealousy. 4. After acquiring a large amount of wealth, keep a distance from the people you originally knew. 5. Gambling and drugs are two things that you must not touch. Gambling will destroy you on a psychological level, and drugs will destroy you on a physical level. 6. Peace is the most important thing. Don’t call others obscene. Getting angry will affect your wealth. If you have a disagreement, just block or delete it. Adding more punctuation marks is a waste of time. 7. Don’t take the initiative to do good deeds, don’t pity anyone, put aside your desire to help others, and respect the fate of others. Just be yourself and let the rest take its course. 8. Don’t make random investments in areas you are not familiar with. People cannot make money beyond their knowledge. 9. Try not to start a physical business unless you do it for fun and not for the purpose of making money. In the current economic environment, brick-and-mortar entrepreneurship has a narrow escape. Click on the avatar to follow me. We have the most professional community, Publish market analysis every day, and share high-quality spot products free of charge. In the current ups and downs of the market, blindly going it alone will never bring opportunities!

11 days ago
Crypto
Market Cap
14.85m
 

0.10%

Volume (24h)
144.54k
 

44.88%

Released on 26 Feb 2017
Lark Davis
Lark Davis
What is BCH (Bitcoin Cash) ??? How does it work? Price prediction…
29 days ago
Coinpedia
Coinpedia
followers

The post Crypto Panic: Musk’s $56 Billion Loss Sparks Fears of Massive Crypto Sell-Off appeared first on Coinpedia Fintech News In a courtroom drama, a Delaware Court of Chancery judge dealt a hefty blow to Elon Musk, canceling Tesla’s record-breaking $56 billion pay package, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair to shareholders. This news raised worries in the crypto world, with many thinking Musk might sell his large Bitcoin holdings, currently at 9,720 BTC. Musk Loses $56 Billion On January 30, 2024, Chancellor Kathaleen St. J. McCormick canceled the $56 billion compensation awarded to Elon Musk by Tesla in 2018.  The recent decision by Chancellor Kathaleen St. Jude McCormick concludes a legal dispute that lasted over five years. The disagreement began with a lawsuit from Tesla shareholders against Elon Musk and the company’s directors. The lawsuit alleged that Musk and the directors breached their duties to Tesla, using company resources for Musk’s gain. The lawyers for the shareholders said the big payment to Musk should be canceled. They argued that Musk had too much influence over the negotiations, describing them as deceptive and incomplete and that the shareholders didn’t get enough good information in the papers they got before making decisions. In a prior case in 2022, the same judge oversaw a matter involving Twitter Inc., now X, where Musk was compelled to proceed with an acquisition. Despite this history, Twitter has not shown outstanding performance. Musk’s Response to the Court Ruling Musk responded to the court ruling on X, his social media platform, with business advice, “Never incorporate your company in the state of Delaware.” He recommended incorporating in Nevada or Texas for shareholder-centric decision-making. Never incorporate your company in the state of Delaware — Elon Musk (@elonmusk) January 30, 2024 His immediate tweets suggested a mix of acknowledgment and nervous anticipation regarding the court’s decision. Crypto Sell-Off On The Verge Investors are wary of the repercussions of this court ruling on the cryptocurrency market, speculating that Tesla, under Musk’s direction, may contemplate selling its considerable Bitcoin holdings. Tesla’s recently disclosed Q4, 2023 financial report revealed a total revenue of $25.2 billion with an operating profit of $2.1 billion. During the quarter, Tesla maintained its Bitcoin position, holding 9,720 BTC for six consecutive quarters. As of now, Bitcoin faces resistance at $46,000, hovering at $43,014 with a 0.8% decrease in the last 24 hours. Notably, it experienced an 8.32% increase over the week, intensifying the focus on Musk’s next moves and the potential shifts in the crypto landscape.

29 days ago
Coinstages
Coinstages
followers

The US Securities and Exchange Commission (SEC) has won a big case against TerraForm Labs (Terra) and its founder, Do Kwon. A court order from yesterday states that Judge Jed Rakoff found Terra and Do Kwon guilty of breaking federal laws. They were accused of selling two securities, TerraUSD (UST) and LUNA, without proper registration. SEC Allegations Against Terra Following Ecosystem Collapse In the aftermath of the Terra ecosystem’s dramatic downfall, resulting in a loss of over $40 billion last year, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit in February 2023. The SEC contends that Terra engaged in the offering and sale of four crypto assets, categorizing them as unregistered securities. Additionally, the SEC accuses Terra of conducting transactions in security-based swaps through the Mirror Protocol. This protocol facilitates the creation of mAssets, blockchain-based assets mirroring real-world assets using on-chain exchange prices. On a more serious note, the commission has brought fraud charges against Terra and its founder. The SEC alleges that both were involved in orchestrating a fraudulent scheme, further complicating the legal challenges faced by the beleaguered blockchain company. Judge Rules on SEC Case Against Terra: Mixed Verdict and Trial Ahead In a comprehensive 71-page summary judgment released recently, Judge Rakoff sided with the U.S. Securities and Exchange Commission (SEC) regarding the status of LUNA and UST as unregistered securities. The judge pointed to a previous statement from Terra’s founder, Do Kwon, where he urged LUNA investors to “sit back and watch him kick a**,” suggesting a common enterprise for profit based on Terra’s efforts. While this decision is a partial victory for the defendants, as the judge rejected SEC claims of illegal offering and selling of security-based swaps, it’s not a complete win. The judge also denied the summary judgment on fraud claims, scheduling a jury trial for the fraudulent charges next month. Judge Rakoff made additional rulings, refusing to exclude testimonies from SEC experts Dr. Matthew Edman and Dr. Bruce Mizrach, as well as Terra’s expert Dr. Terrence Hendershott. The court plans to address remedies after the upcoming trial. Post-decision, a Terra spokesperson expressed disagreement with the verdict, emphasizing the company’s commitment to defending against the SEC’s fraudulent claims at the trial. However, the spokesperson didn’t clarify whether the company intends to appeal other aspects of the summary judgment decision. Terra Decision Impact on SEC’s Crypto Enforcement Strategy The recent judgment against Terra has potential implications for the SEC’s crypto industry enforcement efforts. This situation draws parallels with the SEC’s setback in July against Ripple, where XRP was deemed not a security by a New York federal judge. Despite Terra attempting to leverage the Ripple ruling in its defense, Judge Rakoff rejected this argument, fueling speculation among legal experts. Many anticipated a summary judgment favoring the SEC, signaling the regulator’s enforcement agenda. Ironically, the court’s decision now provides the SEC with a tool to advance its regulatory initiatives in the crypto space. Charging Terra with offering unregistered securities, the SEC has already classified other crypto assets like ADA and SOL as securities. This verdict could pave the way for the SEC to label additional tokens as securities in the future, citing the Terra ruling to reinforce its position in ongoing regulatory actions. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #LUNA #Terraform #BinanceSquare

about 2 months ago
Coinstages
Coinstages
followers

Understanding the Judgment In a landmark decision that’s sending ripples across the cryptocurrency world, a U.S. federal judge has declared that Terraform Labs, the company behind the controversial Terra and Luna cryptocurrencies, breached federal securities laws. This ruling, handed down by Judge Jed Rakoff of the U.S. District Court for the Southern District of New York, marks a significant moment in the ongoing debate over the classification of digital currencies. The judge’s decision centers on Terraform Labs’ failure to register its LUNA and MIR tokens – integral parts of the Terra ecosystem – as securities, highlighting the increasing scrutiny facing cryptocurrency firms under U.S. law. Details of the Court’s Decision Judge Rakoff’s ruling emerged from a summary judgment, a crucial step that shapes the path to an eventual trial focusing on Terraform’s alleged securities violations. Interestingly, the judge permitted testimony from expert witnesses on both sides, who have analyzed the trading activities leading to the depegging of UST in May 2022. This inclusion of expert analyses could offer deeper insights into the complex dynamics of cryptocurrency trading and its regulatory implications. However, the judge barred testimony from two defense witnesses – one poised to discuss Terraform’s custodial wallet activities, and another ready to explain the broader crypto economy under Terraform. These exclusions might narrow the scope of defense strategies at the trial stage. Implications and Responses The ruling aligns with the broader regulatory perspective that most cryptocurrencies should be considered securities, thus falling under regulatory oversight. However, this judgment specifically addresses only two tokens – Luna and MIR. In response to the ruling, a spokesperson for Terraform Labs expressed strong disagreement, insisting that the UST stablecoin and other tokens in question do not constitute securities. The company also refuted the SEC’s fraud claims as unsupported and vowed to robustly defend against them. This legal skirmish is part of a larger narrative, as the SEC had previously sued Terraform Labs following a series of similar actions against prominent entities in the crypto sphere. The timing of this lawsuit is noteworthy, coming in the wake of the infamous UST depegging incident that plunged the crypto industry into turmoil. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Terra.Classic #lunch $LUNC

2 months ago
MetaversePost
MetaversePost
followers

In a landmark decision, U.S. District Judge Jed Rakoff ruled that crypto entrepreneur Do Kwon, along with his company Terraform Labs, breached U.S. law by neglecting to register two digital currencies that faced a catastrophic collapse in 2022. Judge Rakoff sided with the Securities and Exchange Commission (SEC) in the aftermath of the TerraUSD and Luna currencies’ implosion, highlighting a failure to comply with regulatory requirements. Rakoff’s decision encompassed a denial of summary judgment for both parties concerning the SEC’s fraud claims. The case is slated to proceed to trial on January 29, 2024. However, the judge dismissed SEC allegations that the defendants engaged in the illegal offering of security-based swaps. Despite the adverse ruling, a Terraform expressed strong disagreement with the decision. The company maintains that its tokens were not securities and affirmed its commitment to vigorously defending against what it deems as the SEC’s “meritless” fraud claims during the upcoming trial. South Korea native Do Kwon, who faces fraud charges from U.S. prosecutors in Manhattan, has been resisting extradition from Montenegro, where authorities arrested him in March, just hours before criminal fraud charges were formally announced. The Collapse of Terraform Labs Kwon, the architect behind TerraUSD, a Stablecoin designed to maintain a constant $1 value, and Luna, a more traditional token with fluctuating value closely linked to TerraUSD, saw both cryptocurrencies lose an estimated $40 billion or more when TerraUSD failed to sustain its $1 peg in May 2022. The collapse of TerraUSD and Luna also had a ripple effect, impacting the value of other cryptocurrencies, including Bitcoin. The SEC’s contention is centered on the claim that four of the defendants’ crypto assets, including TerraUSD and Luna, were unregistered securities qualifying as “investment contracts.” The regulatory body further accused Terraform and Kwon of repeatedly misleading investors about the stability of TerraUSD, including claims of potential value appreciation. This passage highlights the key difference between the Terraform Labs case and the @Ripple case: “But, beginning in March 2021, holders of UST could deposit their tokens in the Anchor Protocol, which defendants’ efforts developed and which Kwon himself publicly announced would… https://t.co/1PGssY5ZAu — Eleanor Terrett (@EleanorTerrett) December 29, 2023 In a 71-page decision, Judge Rakoff emphasized that there was “no genuine dispute” regarding the classification of the four crypto assets as securities, citing a 1946 U.S. Supreme Court decision, SEC v WJ Howey Co, which defined investment contracts. The court ruled that an investment of money in a common enterprise, with profits solely derived from others’ efforts, constituted an investment contract. While Rakoff acknowledged this, he also noted that reasonable jurors could differ on whether the defendants intended to defraud investors in multiple statements about Terraform’s business. These statements included references to TerraUSD’s temporary failure in May 2021 to maintain its $1 peg and how a popular Korean mobile payment app used the Terraform blockchain to settle transactions, supporting Luna’s value. The judge clarified that the SEC’s remedies for the sale of unregistered securities would be determined once the defendants’ liability on the fraud claims is resolved. The cryptocurrency industry vehemently denies that its tokens qualify as securities. In a noteworthy victory in July, another judge in the Manhattan federal court ruled that certain tokens sold by Ripple Labs did not qualify as securities. The post US Federal Judge Rules Against Terraform Labs Founder Do Kwon, Cites Violation of Law appeared first on Metaverse Post.

2 months ago
Crypto Daily™
Crypto Daily™
followers

Today’s crypto scene is dominated by altcoins in the top-50 market cap which are continuing their bullish streak, standing in stark contrast to Bitcoin whose rally seems to be taking a breather. Traders are clearly eager to roll the dice on more adventurous investments, despite the swings we've seen as everyone holds their breath for a solid hint of what's next in the market. Adding to the suspense is the growing speculation about the approval of a Bitcoin spot ETF by the SEC, potentially slated for early January 2024 – this possibility alone has the power to significantly shift the overall mood. But unlike its altcoin peers, Ripple (XRP) is experiencing a period of stagnation, moving sideways in the market that's otherwise on the move: its performance on the USDT-paired chart shows a consolidation phase, while XRP is losing ground against BTC. Yet, there's an air of expectation around Ripple (XRP) – will it break out of this pattern and surprise us all in the coming days?  Amidst this environment of fluctuating fortunes, a new contender is rising to the forefront – ScapesMania (MANIA). The buzz around its presale with attractive discounts and bonuses is hard to ignore, especially if combined with a reward system backed by thoughtful tokenomics. ScapesMania: A Visionary Project with Real Influence While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now - Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live, Learn More About Major Benefits Ripple (XRP) vs. SEC: The Fight for Fair Crypto Rules Intensifies The Ripple-SEC saga continues to escalate, with Ripple CEO Brad Garlinghouse taking a bold stance on social media – he's openly critical of SEC Chair Gary Gensler's latest comments about cryptocurrency compliance, accusing him of hypocrisy and linking him to what he calls "the biggest fraud in recent memory". Brad Garlinghouse hits back hard after Gensler pointed out rampant rule-breaking in crypto, something Ripple (XRP) takes very personally. He also claims that under Gensler's watch, trust is slipping and the SEC looks like it's in Wall Street's pocket. Meanwhile, Ripple's chief legal officer, Stuart Alderoty, isn't holding back either – he's been pointing out what he sees as a string of regulatory missteps by the SEC. Alderoty calls attention to significant legal setbacks for the SEC like the Federal Appeals Court's decision in the Chamber of Commerce vs. SEC case where the watchdog was criticized for not amending stock buyback rules in time. This was seen as a clear deviation from expected legal standards. Furthermore, he highlights the SEC's reluctance to define syndicated loans as securities in the Kirschner vs. JPMorgan Chase case, a decision seemingly swayed by intense lobbying from big banks. Alderoty points out a worrying trend at the SEC, suggesting it may not be as dedicated to impartial and reliable regulation as we'd hope. Alderoty recently dished on what he thinks the US crypto regulation scene will look like down the line. He believes the ongoing legal scuffle between Ripple and the SEC will reach a critical point, but he remains wary of the SEC's approach of 'regulation by enforcement.' Alderoty envisions the courts, possibly even the Supreme Court, stepping in as a check against SEC overreach. However, he also anticipates a standstill in Congress, with lawmakers agreeing on the need for crypto regulation but divided over the specifics. However, he worries that disagreement in Congress could put US crypto companies at a disadvantage globally, as clearer policies abroad help rivals. Ripple (XRP) Technical Analysis Currently trading between its first support at $0.5813 and first resistance at $0.6504, Ripple (XRP) is reflective of a market in careful balance. XRP is hovering close to its 10-day Simple Moving Average (SMA) of $0.6186, suggesting a potential pivot point for short-term movements. The 200-day SMA at $0.6276, slightly above the current price, acts as a crucial marker for longer-term trends. Source: TradingView The technical indicators offer a mixed perspective: the Relative Strength Index at 52.71 suggests a neutral market sentiment, while the Stochastic %K hovers at 58.28, hinting at potential upward momentum. The Average Directional Index at a low 20.37 indicates a lack of strong trend, and the Commodity Channel Index at 62.1 aligns with this sentiment of tentative optimism. The MACD level at 0.00188 and Momentum at 0.00137 further emphasize the cautious but potentially positive trajectory. Ripple (XRP) Price Action – What’s Next? From a bullish perspective, Ripple's (XRP) recent regulatory achievements, including obtaining a virtual asset service provider license in Ireland, a stepping stone towards expansion in Europe, could act as significant catalysts for a stronger uptrend. If XRP breaks through $0.6504, the next targets would be at $0.691 and possibly at $0.76. Such a move could be fueled by Ripple's (XRP) global licensing wins and the anticipated implementation of the MiCA law next year, which might provide the necessary momentum for a bullish run. Conversely, in a bearish scenario, XRP’s recent price decline of 2% and 4% over seven and fourteen days, respectively, alongside reduced trading volumes and significant leveraged positions, suggests a potential for downward pressure. If XRP breaks below $0.5813, the next support levels at $0.5528 and$0.4838 might come into play. This scenario could be exacerbated by a short squeeze, driving the price temporarily above its nearest resistance before settling back. Final Words In today's dynamic cryptocurrency market, top-50 altcoins continue their bullish run, contrasting with Bitcoin's slowdown, while Ripple (XRP) uniquely stagnates, trading between key support and resistance levels. Amid whispers of upcoming regulatory moves and the buzz around a potential Bitcoin ETF green light, XRP's fresh licensing triumph in Ireland stirs the pot even more. As Ripple CEO takes on the SEC, openly criticizing the regulatory playbook, it's not just their market game that might change but potentially the whole U.S. regulatory scene too. Garlinghouse's public clash with the SEC throws a wrench into how the US authorities stack up in the global crypto game, influencing not just Ripple (XRP), but also setting precedents that could reshape our competitive edge. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

2 months ago
币圈小喵
币圈小喵
followers

Both Bitcoin and Ethereum have experienced hard forks, so what is a hard fork? FIL ecology latest news Splitting also refers to the split of the main chain in the blockchain protocol. A blockchain is a data chain composed of blocks written by users in sequence. Except for the first block, each block is connected to the previous block. There may be many data chains in the blockchain at the same time, but the blockchain protocol stipulates that only the longest chain, that is, the chain supported by the most users, is valid and is called the main chain. Due to certain reasons (such as the Ethereum hack), disagreements may occur among blockchain node users. When the two parties to the disagreement cannot reach a minimum consensus, both parties will each choose their own main chain and will no longer be compatible with each other. The two new main chains split from the original main chain share the same part, which is like a branch branching off into two branches, so it is called a hard fork. The opposite of hard fork is soft fork. When the differences between users are not too big or the blockchain software version is upgraded to be compatible with each other, there is still only one main chain in the blockchain, but the blocks in it may come from Different software.

3 months ago
Coinstages
Coinstages
followers

Ripple, a big crypto payment company, is getting ready for the next year by sharing some bold ideas from its important leaders about what might happen in the crypto world. Join CryptosHeadline's Official Telegram Community Channel Stuart Alderoty, who is in charge of legal stuff at Ripple, shared three big ideas about the rules and regulations for crypto in the U.S. in 2024. Also, Adrien Treccani, who is the head of products at Ripple, had four thoughts about how crypto partnerships and using crypto might change. Ripple shared all these ideas on X. Stuart Alderoty, Ripple’s Chief Legal Officer, believes that the year 2024 will bring an end to the U.S. SEC’s case against Ripple, which he strongly criticizes as a “misguided lawsuit.” Expressing confidence, Alderoty anticipates the final chapter of this prolonged legal battle to unfold in 2024. Despite this optimistic outlook, Alderoty acknowledges that the SEC’s broader approach of using legal actions for regulation will continue. He points out that other big names in the industry may become targets of such regulatory efforts. Ripple’s Legal Chief: U.S. Judiciary as a Bulwark Against SEC Overreach Stuart Alderoty’s predictions extend to the U.S. judiciary, where he envisions a pivotal role in resisting what he sees as the SEC’s overreach. According to him, judges will remain the last line of defense against regulatory excesses. In addition, the notable lawyer anticipates continued setbacks for the SEC in significant legal battles. Alderoty suggests that this trend might lead to a potential showdown in the Supreme Court, indicating a high-stakes legal confrontation in the future. Ripple’s Legal Chief: Legislative Challenges for U.S. Crypto Stuart Alderoty, Ripple’s Chief Legal Officer, anticipates a tough road ahead on the legislative front. He argues that although the U.S. Congress might agree on the importance of regulating crypto, he predicts a lack of agreement on the best way to do it. Alderoty suggests that this disagreement within the legislative body could leave U.S. crypto companies in a state of uncertainty, while other countries around the world make notable progress in developing their regulatory frameworks. Ripple’s VP of Products Envisions Crypto Industry Shifts in 2024 Adrien Treccani, Ripple’s Senior Vice President of Products, predicts a significant change in the dynamics of the crypto industry for the year 2024. Treccani notes a fundamental shift in how the crypto industry views financial institutions. Unlike before, when the industry actively sought partnerships with these institutions, there is now a clear departure from that approach. According to Treccani, the crypto sector has reached a point where it doesn’t depend on traditional financial institutions for validation or partnership to succeed. He highlights that major global banks and industry giants are actively seeking digital asset solutions, driven by increasing client demand for efficient, transparent, and on-demand financial services. Treccani also points out a growing trend where banks are experimenting with tokenized assets. However, he emphasizes the importance of conducting such experiments within strict compliance and security protocols. Additionally, Treccani highlights Ripple’s achievements in 2023, citing partnerships with several global banks. Looking ahead to 2024, he expresses confidence in the industry’s continued momentum in adoption rates. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP

2 months ago

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