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The Daily Hodl
The Daily Hodl
US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit - The Daily Hodl
about 6 hours ago
Cointelegraph
Cointelegraph
followers

Ladan Stewart, an attorney who represented the United States Securities and Exchange Commission (SEC) in its enforcement case against Ripple, has joined a law firm that is often at the defense table for crypto companies. In a Feb. 21 announcement, law firm White & Case said Stewart had joined its practice as a partner in New York, citing her experience in crypto enforcement cases. She had helped litigate the commission’s case against Ripple, which was filed in December 2020, withdrawing as an attorney of record in January after “leaving the SEC’s employ.” “Ladan’s most recent role as the head of the SEC’s specialized crypto and cyber litigation unit is a significant asset given the heightened regulatory scrutiny of the crypto industry in recent years,” said Joel Cohen, White & Case’s head of global white collar practice. “Ladan is extraordinarily well positioned to counsel crypto industry players and defend them against regulatory or private actions.” The law firm has represented many crypto firms in some significant cases, including those involving the SEC. A White & Case partner represented provisional liquidators overseeing FTX’s operations in the Bahamas following the exchange’s collapse in November 2022, and attorneys have appeared for Celsius’ official creditor committee. White & Case partner Nicole Erb suggested that Stewart may be appearing on behalf of crypto firms, using “her vast experience at the forefront of the SEC’s Division of Enforcement” to advise clients under scrutiny by the commission. The possibility she may appear opposite former SEC colleagues in a crypto enforcement case highlighted concerns from lawmakers about former government officials moving into the digital asset industry. “I think it’s really important for crypto companies, and any companies that are interested in getting involved in crypto and fintech — whether they be issuers or tech companies or financial institutions — to be able to be advised by people who know how regulators like the SEC think about issues,” Stewart told Cointelegraph. “I actually think it’s a really positive thing when people spend time in government and then go back to the private sector because they can really share certain expertise and skill set that the private sector otherwise wouldn’t be privy to.” Related: Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky Stewart told Cointelegraph that while there was the potential for conflicts of interest, she expected to manage them. While at the SEC, Stewart handled litigation against Ripple, former FTX CEO Sam Bankman-Fried and Coinbase. She had served as counsel at the commission’s enforcement division for roughly eight years before joining White & Case.  The SEC has ongoing lawsuits against Binance, Kraken, Ripple, Coinbase and other firms involved in the digital asset space. Many have criticized the commission for taking a “regulation by enforcement” approach to crypto compared to traditional financial institutions. Magazine: Coinbase ‘is going to win’: MetaLawMan, X Hall of Flame

about 6 hours ago
ZyCrypto
ZyCrypto
followers

Charles Hoskinson, the founder of Cardano, has criticized Ripple’s litigation strategy in the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security. Hoskinson expressed his frustration in a recent Ask Me Anything (AMA) session, stating that Ripple’s focus on the alleged bias of the SEC towards Ethereum is unproductive and not helpful for the litigation. Hoskinson’s comments come in the wake of the growing controversy surrounding Ethereum, known as “ETHGate,” where investors claim that Ethereum received a “free pass” from regulators. At the same time, XRP and other cryptocurrencies were targeted. The theory further claims that Ethereum’s decentralization was manipulated, and the SEC allowed Ethereum to move ahead while penalizing other cryptocurrencies. Hoskinson acknowledged that the SEC’s treatment of different cryptocurrencies has been inconsistent, but he dismissed the allegations of fraud by the Ethereum Foundation as hard to prove. “It (ETHgate) was a campaign based on a lie. Even the founders of XRP refused to acknowledge is a lie. I would love to see Brad, Shwartz and others come out and physically say that all of this attack on our side is based on a lie.” Said Hoskinson. Addressing the core of Ripple’s argument, Hoskinson questioned the efficacy of their litigation strategy, particularly in light of their accusations against Ethereum. He argued that Ripple’s insistence on Ethereum receiving preferential treatment undermines their case against regulatory scrutiny. “Your litigation strategy, your fighting the US government, is to go and say ‘the only reason Ethereum is not a security is because they bribed the US government,'” Hoskinson remarked, pointing out the inherent contradiction in Ripple’s stance. That said, while the allegations of fraud by the Ethereum Foundation are hard to prove, the theory does have some merit. The SEC has been criticized harshly for its alleged inconsistency in choosing which initial coin offerings to label “unregistered securities offerings.”  Recently, pro-ripple lawyer John Deaton blasted the regulator for not investigating ETHGate, stating that “the truth doesn’t guide them” and “they don’t care about justice and free markets in a level playing field. All they care about is their pockets.” Notably, the SEC has struggled to make a strong case against XRP, particularly given its previous classification of Bitcoin and Ether as “non-securities.”

about 6 hours ago
Learn_With_Fullo
Learn_With_Fullo
followers

Amid concerns over the alarming depreciation of the Nigerian currency, the government is considering measures to restrict access to online platforms of major cryptocurrency firms like Binance. Officials reveal that this move is prompted by perceived manipulation of the forex market and illicit fund movements, which are exacerbating the currency’s decline.Reports indicate that platforms such as Binance are being exploited by currency speculators and money launderers. This is significantly contributing to the devaluation of the naira. The government is alarmed by this trend and is contemplating stringent actions against these crypto firms.Binance’s Compliance MeasuresIn response to regulatory pressures, Binance has taken steps to comply with local regulations in Nigeria. It has imposed a cap on the selling price of certain tokens to align with directives from local authorities and demonstrate cooperation with regulatory bodies.Despite Binance’s efforts, some traders are finding ways to circumvent these restrictions by turning to alternative exchanges. This poses challenges for regulatory authorities in their efforts to combat illicit financial activities facilitated by crypto platforms.Collaborative Efforts and ConcernsCollaborative efforts between Nigeria’s security agencies and the Central Bank underscore the seriousness of addressing forex speculation. It also addresses its impact on economic stability. A senior executive at the Central Bank expressed concerns over the role of platforms like Binance in misleadingly devaluing the naira in global markets, exacerbating inflation and economic instability.Furthermore, the proliferation of money laundering and terrorist financing through crypto exchanges underscores the urgency of regulatory intervention to safeguard Nigeria’s financial integrity and national security.Balancing Innovation and RegulationAdditionally, recognizing the role of crypto firms in driving innovation and financial inclusion is pertinent. The government emphasizes the importance of adherence to regulatory standards to mitigate risks and safeguard financial stability. Nigeria’s contemplation of a clampdown on crypto firms reflects a global trend of regulatory scrutiny. It primarly aims at ensuring accountability and transparency in the cryptocurrency ecosystem.As the debate over crypto regulation intensifies, Nigeria’s efforts to address challenges posed by these firms signal a proactive stance toward safeguarding financial sovereignty and promoting sustainable economic growth. #Nigeria #dyor

about 10 hours ago
Cryptopolitan
Cryptopolitan
followers

Over the past year, there have been like a thousand headlines about BRICS coming for the dollar, and dethroning it. Under the guidance of China’s Xi Jinping and Russia’s Vladimir Putin, BRICS has taken a lot of direct jabs at the United States government. We all know the part the country plays in our global economy and trade. But the BRICS truly believe that they don’t it, nor do they need the dollar. And so they have been actively doing everything they can to ditch America for good. So far, there haven’t been any real response from the American government. But that might just be because Joe Biden is demented and probably has no idea what’s even going on. The Congress, of course, have said they are not worried about BRICS or their little plans. However, here comes the Federal Reserve. Apparently, it has plans for BRICS. Whatever might they be? The Federal Reserve’s Perspective on BRICS To be perfectly clear, BRICS’ approach doesn’t just aim at kicking USD to the curb. The bloc is getting ready to launch its very own new currency whilst also promoting the use of their own national currencies for cross-border transactions. As China persuades developing nations to conduct trade in the Yuan and Russia encourages settlements in the Ruble, India has also entered agreements with 20 developing countries to facilitate trade payments in the Rupee. However, Christopher Waller, a distinguished member of the Federal Reserve Board of Governors, has boldly asserted that the US dollar is far from losing its status as the primary reserve currency globally. Despite the growing discourse on the potential decline of the dollar due to BRICS’ maneuvers, he said he is confident in the dollar’s enduring dominance in trade and finance. According to Waller, the dollar’s share of global reserves stood impressively at 60% in 2022, dwarfing the Euro’s 20% share, its biggest competitor. A New World Order or a Risky Gambit? Meanwhile, amidst discussions about the potential for a new global financial order led by developing nations, a group of scammers introduced a deceptive venture under the guise of a groundbreaking opportunity. They announced an Initial Coin Offering (ICO) for a cryptocurrency, deceitfully branded as the BRICS cryptocurrency. This move capitalized on the anticipation surrounding the BRICS alliance and its perceived challenge to the current global financial system. The scheme was propagated through various social media channels, notably Telegram, where the fraudsters actively engaged with potential investors. They targeted individuals from developing countries, luring them with the prospect of being part of a significant shift in the global economic landscape. The scammers promised lucrative returns, alongside enticing offers such as airdrops of XLM tokens and substantial cashbacks, to seduce people into investing in their counterfeit cryptocurrency. Many people were encouraged to invest in the ICO by the prospect of financial advantages and the opportunity to be a part of a new, more fair financial age. However, the reality soon came crashing down. The so-called BRICS cryptocurrency turned out to be nothing more than a facade. Once the scammers had stolen a huge amount of money from unsuspecting investors, they abruptly ceased all communications. They deleted their Telegram channel and other social media accounts, effectively disappearing without a trace.

about 12 hours ago
AZCoinNews
AZCoinNews
followers

Former British Prime Minister Boris Johnson, who has been vocal in his support for Ukraine’s defense against Russian invasion, has reportedly demanded $1 million for an interview with Tucker Carlson, the former Fox News host who recently interviewed Russian President Vladimir Putin. Carlson, who returned from his trip to Moscow last week, revealed the shocking request on Blaze TV, where he gave his first interview after his controversial meeting with Putin. Carlson said he had reached out to Johnson for an interview after the former prime minister called him “a tool of the Kremlin” for his sympathetic stance towards Russia. Boris Johnson – Tucker Carlson However, Carlson said he was stunned when an adviser of Johnson told him that the interview would cost him $1 million, payable in U.S. dollars, gold or bitcoin. Carlson said Johnson wanted the money to explain his position on Ukraine, which Carlson described as a “shakedown” and a “money laundering scheme”. Tucker: “Boris Johnson calls me a tool of the Kremlin or something. So I put in a request for an interview with Boris Johnson. Finally one of his advisors gets back to me and says he will talk to you but it’s going to cost you a million dollars. He wants a million dollars.” pic.twitter.com/Y7qADbx2H4— TheBlaze (@theblaze) February 20, 2024 Carlson accused Johnson of being one of the many profiteers of the conflict in Ukraine, and claimed that Johnson was responsible for the deaths of hundreds of thousands of people for blocking a peace deal between Ukraine and Russia a year and a half ago, at the request of the U.S. government. Carlson also compared Johnson unfavorably to Putin, saying that the Russian leader did not ask him for any money for the interview, and that Johnson was “a lot sleazier, a lot lower than Vladimir Putin”. Carlson questioned the merit of spending $60 billion to support Ukraine’s defense, saying that it would not allow Ukraine to prevail over Russia, and that it was a “money laundering operation” that benefited a lot of people who were making money off of war. Carlson’s interview with Putin, which aired on Fox Nation, drew criticism from many quarters, including the Biden administration, which accused Carlson of giving Putin a platform to spread propaganda and misinformation. Carlson defended his interview, saying that he did not support Putin, but that he wanted to hear his perspective on the issues affecting the world. Carlson also said that he challenged Putin on some of his claims, and that he did not trust him. Johnson has not responded to Carlson’s allegations, or confirmed the $1 million request. Johnson stepped down as prime minister in 2022, after losing a vote of no confidence over his handling of the Brexit negotiations. He remains a member of parliament, and a leader of the Conservative Party. Johnson has been a staunch ally of the U.S. and NATO, and a vocal critic of Russia’s aggression in Ukraine and elsewhere. Source: https://azcoinnews.com/former-british-prime-minister-boris-johnson-demands-1-million-in-bitcoin-for-interview-with-tucker-carlson.html

about 19 hours ago
链得得ChainDD
链得得ChainDD
followers

For a long time, our country has been one of the more stringent countries in terms of foreign exchange management system. Under normal circumstances, the annual domestic foreign exchange settlement and purchase quota per person is US$50,000. If this limit is exceeded, you need to bring a large amount of supporting documents. The process of going to the bank is extremely cumbersome and inconvenient. Therefore, in practice, some Chinese residents who work, travel abroad, study or immigrate abroad often need to use some "grey" means to transfer their assets abroad more conveniently and quickly. Where there is demand, there is supply. Crypto-assets (especially cryptocurrencies) based on blockchain technology have characteristics such as point-to-point transmission and global transactions. At present, more and more individuals and organizations have begun to try to use crypto-assets as a way to circumvent Tools for foreign exchange controls and tax evasion. Today, Sajie's team will start with a large underground bank case recently uncovered by the police in Qingdao, Shandong, involving a total amount of 15.8 billion yuan and involving 17 provinces and municipalities across the country, to analyze the "red line" risks of using crypto assets to evade the foreign exchange management system. . 01 What is my country’s foreign exchange management system like? Foreign Exchange Control, also known as foreign exchange management, simply refers to the restrictive measures implemented by a country's government on the entry and exit of foreign exchange in order to balance the international balance of payments and maintain the exchange rate of its own currency. The concept of foreign exchange management first appeared during World War I. Due to the war, the international monetary system was already in a state of collapse. At that time, the more developed capitalist countries in the world had undergone tremendous changes.

about 20 hours ago
奔跑财经-FinaceRun
奔跑财经-FinaceRun
followers

This article briefly: •British Finance Minister Afolami said that the British government plans to formulate new stablecoin cryptocurrency rules within 6 months before the election. •The FCA has been cracking down on cryptocurrency companies, issuing 450 warnings for advertising breaches in the fourth quarter of 2023. •Afolami urges young people to invest in stocks like NatWest amid strict cryptocurrency regulations. The UK government appears to be considering an ambitious six-month timeline for implementing new regulations governing stablecoins and crypto-asset staking services. The move comes as the country prepares for the upcoming election, with lawmakers feeling the heat to come up with concrete proposals. UK ramps up enthusiasm for stablecoins and cryptocurrency staking Finance Minister for Economic Affairs Bim Afolami highlighted the government’s dedication to the cause at an industry event in London. "We're very clear that we want to get these things done as quickly as possible. I think within the next six months, these things are doable." This comes after the Treasury Department pledged last October to provide greater clarity on specific cryptocurrency sectors by 2024. The move is seen as a response to previous consultations on fiat-backed stablecoins and the enactment of the wider Financial Services and Markets Act. Elliptic expects these new rules to subject fiat-backed stablecoins and their issuers to existing payments laws. This will give the UK financial regulator certainty

about 22 hours ago
唐华斑竹
唐华斑竹
followers

I just saw Daewoo mentioning Gulu on X, haha. Suddenly I had an idea, and I would like to share it with you. It is that domestic projects really cannot be held for a long time, even good projects that are "feeling" and "really do things" like Gulu's Bihu. When Bihu was booming in China, everyone simply thought that Gulu was China’s V-God. How many people frantically hoarded Bihu’s platform currency KEY in order to fulfill the “five-year appointment” promised by Gulu, but the five years were not up yet. , Gulu resigned from the legal person, sold out all the shares, and finally Coinhu suddenly returned to dust. What a good Coinhu. It has entrusted the hopes and dreams of many people, but it finally failed to grow into a towering tree of SocialFi like foreign projects. The outcome seems to have been determined. There are actually countless similar examples. Do you still remember the originator of mobile mining, "Gongxinbao"? I vowed to build a new public chain, and it was once evaluated by government departments as a blockchain innovation project, but it ended up being ruined. Remember the long Bytom chain? Do you still remember what is known as the ontology of China’s Ethereum? Even if they have not gone bankrupt, most of them are just hanging on and marginalized by the currency circle. They were all very popular stars back then. If they had cashed out at a high level at that time, it would have been really cool. Therefore, playing in domestic projects and poaching, selling and raising money is a real insight. I hope everyone will look back on the past and remember the lessons. Oh, some people said that Tron is not bad. Actually, I wanted to mention Tron, but I was afraid that Huobi friends would be unhappy, so I deleted it. Since someone mentioned it, let’s talk about it. If you don’t feel it, the recent wave of Is the presence of the field much lower? With the rise of Ethereum L2, Tron’s past advantages of fast transfer and low fees are no longer obvious, and the Tron APP has no bright spots. Today USDC also announced that it will no longer support the Tron chain. Do you still remember the excitement at the time? The sun and bit? In fact, there is also a tendency to be marginalized. It seems that the Chinese projects cannot be entirely attributed to policy reasons. The underlying factors are worth thinking about. #TrendingTopic #内容挖矿

about 23 hours ago
Cryptopolitan
Cryptopolitan
followers

Renowned author Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has once again made bullish predictions regarding the price of Bitcoin. In a recent social media post, Kiyosaki forecasted that Bitcoin’s price would surge to $100,000 by June 2024. This projection aligns with his previous optimistic outlook on BTC’s trajectory, as well as his belief in the decline of gold. Robert Kiyosaki tips Bitcoin to hit $100,000 by June Robert Kiyosaki’s confidence in Bitcoin’s future has led him to increase his holdings of the cryptocurrency, particularly in anticipation of a significant price surge. He attributes this potential surge to the recent approval of spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving event. In addition to his predictions about Bitcoin’s price, Robert Kiyosaki has been vocal about his concerns regarding the U.S. economy. He has warned of a potential collapse similar to that of the Roman Empire, without the likelihood of a soft landing. Kiyosaki has also expressed apprehensions about imminent crashes in both the stock and bond markets, fearing that such events could spiral into a depression. One of Kiyosaki’s main arguments for investing in Bitcoin revolves around his belief that it offers protection against the devaluation of traditional currencies, particularly amidst growing government debt. He views Bitcoin as a safeguard against the erosion of wealth caused by inflationary monetary policies. Industry experts weigh in on the prediction Robert Kiyosaki’s bullish sentiment towards Bitcoin is shared by other prominent figures in the financial world. David Stryzewski, CEO of Sound Planning Group, has suggested that Bitcoin is primed for a significant rally. Additionally, a panel of experts at Finder has predicted that Bitcoin’s price could exceed $77,000 this year. Venture capitalist Tim Draper has maintained his prediction of a $250,000 Bitcoin price by the end of the year, while Fundstrat’s head of research has forecasted a potential price of $150,000, with the possibility of reaching $500,000 within five years. Even more optimistic projections come from Cathie Wood’s investment management firm, Ark Invest, which sees a higher probability of Bitcoin’s price soaring to $1.5 million per coin. Standard Chartered has suggested that Bitcoin could reach $200,000 by 2025, while Bitwise expects it to surpass $80,000 this year. Vaneck, another asset management firm, anticipates Bitcoin reaching an all-time high in the fourth quarter of 2024, potentially driven by political events and regulatory shifts following a U.S. presidential election. Overall, the bullish outlook on Bitcoin’s price reflects a growing confidence in its potential as a store of value and an alternative investment asset. While some may remain skeptical of such lofty predictions, the increasing adoption of Bitcoin by institutional investors and the broader financial industry suggests that the cryptocurrency’s trajectory is worth monitoring closely in the coming months and years.

1 day ago
CoinDesk
CoinDesk
followers

Is crypto back? It seems that every other week there is a headline saying bitcoin {{BTC}} and ether {{ETH}} are trading hands at prices not seen since 2021, when the crypto market was in an upswing. It’s not obvious that the price appreciation is going to stop anytime soon; things feel different this time around. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The pandemic-era bull market was a period of mass exuberance, hysteria and fun. Everyone from Elon Musk to my mom seemed to be talking about crypto. Celebrities were endorsing meme coins and buying NFTs. Crypto became a cultural touchstone: perhaps the best signifier of an economy going through wild gyrations as the post-pandemic world began to reopen, a weird time dominated by “vibes.” In comparison, the latest market upswing has been quiet. Sure, a few friends have reached out to see if they should buy bitcoin — an anecdotal indicator suggesting increased retail interest. But, by and large, it seems very people have taken notice as crypto prices have ticked up. See also: Bad Vibes from the Word 'Crypto' Have Some Calling for a Rebrand Of course, following the wave of protocol failures and corporate bankruptcies in 2022, starting with the high profile implosion of Terra and culminating in the collapse of FTX, crypto has become toxic to talk about. The same level of enthusiasm and lightheartedness is hard to regain while still living through the hangover. There are a number of indicators besides price action that suggest the crypto market rebound has begun in full force. MetaMask, the primary means of accessing the Ethereum network, is nearing an all-time high of monthly active users (30 million); Coinbase, the largest U.S. crypto exchange, posted its first profitable quarter in two years as trading volumes bounce back; and bitcoin search interest is bouncing back (a little), according to Google Trends. A number of factors could be contributing to rising interest. The bitcoin halving, an event that occurs roughly every four years, is always a popular media topic. Meme coins and token airdrops feed the idea that the crypto industry prints people free money. Endorsements from figures like BlackRock CEO Larry Fink and even government bodies, in places like Hong Kong and the United Arab Emirates, foster a sense that crypto is technologically significant. Most notably, the launch of nearly a dozen spot bitcoin exchange-traded funds (ETFs) has gone better than expected, with BlackRock’s ETF already posting the fifth-largest inflows this year and billions of capital flowing into the crypto funds. Moreover, there is a growing sense that the worst may be over for crypto, legally-speaking. Large overhanging concerns have more or less wrapped up, often in crypto’s favor. The Department of Justice settled with Binance, imposing a strict financial penalty, but one the world’s largest exchange appears able to carry. The U.S. Securities Exchange Commission’s hostile attempt to “regulate through enforcement” was dinged after Ripple won a significant legal battle in court, and as the agency faces other uphill battles in court. And the FTX bankruptcy process is winding down, with full restitution expected for all former users. See also: Momentum Building: CoinDesk Indices' Todd Groth Increasingly governments, including in the U.S., appear to want to work with the industry to develop policies that protect consumers without hampering the development of crypto. The European Union passed the significant MiCA ruleset while the U.K., Hong Kong, Nigeria, and others are all vying to become crypto “hubs.” It’s as dangerous as it is stupid for journalists to try to predict the future, especially in an industry as volatile and quickly changing as crypto. There’s no guarantee the bitcoin rally will continue, and there’s always the chance for fortunes to reverse. But there certainly is a growing sense that crypto is on the cusp. A lot of things have changed since 2021, many for the better. If the buzz grows, crypto has the opportunity to do it better this time, leaving behind the shameless celebrity endorsements, wanton financial speculation, pure fraud and waves of rehypothecation and backroom deals that defined crypto’s bad vibes last time to focus on building something more substantial and long-lasting.

1 day ago

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