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The Daily Hodl
The Daily Hodl
Early Ethereum Whale Address Sends Nearly $90,000,000 to Kraken After Being Dormant for Five Years: On-Chain Data - The Daily Hodl
about 2 hours ago
Crypto Scoop
Crypto Scoop
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SEC Crackdown Misses Yet Again: A Look at the Kraken Lawsuit. In my Opinion, the Kraken case puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies. In the ongoing showdown between the United States Securities and Exchange Commission (SEC) and Kraken, a major cryptocurrency exchange, the regulatory body seems stuck in a familiar loop of challenges. As we dive into the legal drama, it becomes clear that this struggle isn’t just a replay of past failures but a sign of deeper issues within the regulatory world. The lawsuit, filed in November, claims Kraken operated as an unregistered securities exchange, echoing the SEC’s past struggles in the crypto realm. This legal clash bears a resemblance to the SEC’s previous run-ins with Coinbase, showing a pattern of assertive regulation that misses the quirks of the cryptocurrency universe. Both cases revolve around accusations of unregistered securities exchanges, highlighting a basic misunderstanding of how cryptocurrency exchanges work. Unlike traditional stock markets, Kraken and similar platforms deal with a mix of digital assets that don’t fit neatly into existing regulatory boxes. This mislabeling reveals the SEC’s lack of understanding about cryptocurrencies, which operate as decentralized entities with features akin to utility or currency. The SEC’s tough stance might push crypto businesses to friendlier shores, a phenomenon called regulatory arbitrage. This potential exodus poses a risk to the U.S.’s position as a tech innovation leader. Beyond the legal battle, the Kraken case puts a spotlight on bigger problems in how the U.S regulates cryptocurrencies. Experts urge the SEC to ditch old tactics and connect with the crypto industry in a smart and helpful way. Regulation is vital, but it has to be sensible, well-informed, and crafted to boost innovation, not smother it. Now, it’s up to the SEC to show it can keep up with the ever-changing world of cryptocurrencies. #SECvsCrypto #Kraken #SECImpact #lawsuit #KrakenSECsuit $XRP $SOL $BTC

4 days ago
Cointelegraph
Cointelegraph
followers

The legal duel between the United States Securities and Exchange Commission (SEC) and Kraken, a leading cryptocurrency exchange, looks like another misguided attempt by the SEC to exert control over an industry that fundamentally challenges an outdated regulatory playbook. The agency’s lawsuit, filed in November, accuses Kraken of operating as an unregistered securities exchange. The lawsuit isn’t just a repeat of the SEC’s past failures. The lawsuit isn’t just a repeat of the SEC’s past failures. Unlike traditional securities exchanges, platforms like Kraken offer a diverse range of digital assets that do not fit neatly into the securities framework. Related: Expect some crypto companies to fail in the wake of Bitcoin's halving One of the most striking issues is the absence of technological neutrality — the principle that regulatory frameworks should apply equally to all forms of technology, without favoring or penalizing any particular one. Read more

4 days ago
koinmilyoner
koinmilyoner
followers

By the year 2024, analysts anticipate that BLUR will have increased to $2.27. Despite a security breach, the community remains optimistic about Rich Quack (QUACK) and Tron (TRX), which is predicted to grow to $1.150 by the middle of December. This is despite the fact that more than 95% of users are positive about the cryptocurrency. Due to the fact that the year is drawing to a close, cryptocurrency investors are searching for the most profitable coins to invest in. Experts have compiled a list of the three most prominent alternative cryptocurrencies, which are BLUR, $RBLZ, and TRX. Which of these leading cryptocurrencies will produce the most profits as the year 2023 draws to a close? Well, let's find out. Momentum is growing, and BLUR investors are receiving morale boosts. BLUR token transfers were carried out by Wintermute at the beginning of November. A total of 7.3 million BLUR tokens were transferred, with 7 million BLUR tokens being sent to Kraken and 300,000 tokens being transferred to Coinbase. Lookonchain revealed that following the Season 2 airdrop, 19 distinct addresses together acquired 51.3 million BLUR tokens, which amounted to $21 million. This transaction had a significant impact on the value of BLUR, particularly because of the fact that this transaction occurred. The BLUR community was filled with excitement as a result of this rise of acquisitions, which represented an increasing level of investor confidence in the potential of the coin. As of November, the price of BLUR hovered at $0.50. Experts in the sector continue to have a positive perspective on its long-term trajectory, predicting that it may potentially increase to $2.27 in the following year as a result of the regained confidence of investors. As a result of this estimate, BLUR should be considered a strong candidate among the most promising coins for possible investment possibilities. The experts at Blur, on the other hand, have proposed a price forecast for the currency that is bearish. The experts believe that technical indicators such as the 20-day exponential moving average (EMA) indicate that BLUR may be on the verge of a decline to $0.30 by the middle of December. According to CoinGecko, Rich Quack (QUACK) now has the position of #663 and has a market capitalization of $30,740,286. A market cap is calculated by multiplying the price of a token by the total number of QUACK tokens that are now in circulation (there are currently 44 quadrillion tokens that may be traded on the market). At the moment, the price of Rich Quack (QUACK) is $0.000000000700733, and the trading volume for the past twenty-four hours has been $1,061,031.25. Over the last seven days, this translates to a price rise of 4.24%, which is equivalent to a price increase of 2.28% over the past twenty-four hours. There are now 44 quadrillion QUACK in circulation, which contributes to Rich Quack's market cap value of $30,740,286. Expectations for the Price of TRON are Positive Although Poloniex Breach occurred Poloniex, a cryptocurrency exchange that is owned by Justin Sun, the founder of TRON, experienced a security compromise on November 10th, which resulted in a loss of around 114 million dollars. This occurrence sparked a commotion within the community of TRON fans. Furthermore, this event has generated worries not just regarding the security methods utilized by Poloniex, but also regarding the possible wider impact that it might have on the TRON blockchain. As a consequence of this, the price of TRX saw a steep decline of 5.36% in a single day, falling from $0.112 to $0.106 on November 11. Taking into account the latest hack and the subsequent loss of trust among investors, industry professionals anticipate that the price of TRX may see a possible decline. According to projections, the price of TRX is expected to decrease, and it is estimated that it will hit $0.043 by December 10th. #Gems #BTC #crypto2024

3 days ago
Shekhar Banerjee 0harekrishna0
Shekhar Banerjee 0harekrishna0
followers

🚨🔍 $ETH In Flux: 50,000 ETH (102.5M USD) Set Adrift to Kraken! 🌐📉 In a recent transaction ripple across the #Ethereum seas, 50,000 ETH (valued at 102.5M USD) embarked on a journey from the wallet address 0x210B3CB to the shores of #Kraken . 👛💼 Wallet Holdings Unveiled: The sending wallet, identified as 0x210B3CB, currently cradles an impressive 104,716.23 #ETH (equivalent to a staggering 218.08M USD). A closer examination of the wallet's holdings adds a layer of intrigue to this ethereal odyssey. 🔗 Wallet Address for Inquisitive Eyes: For those seeking to delve deeper into the holdings and transactions, the wallet address is revealed: 👇 0x210b3cb99fa1de0a64085fa80e18c22fe4722a1b. 📄🔗 Transaction Trail: For those keen on following the transaction's trail through the blockchain tapestry, the transaction hash beckons exploration: 0xa4c37f84d97cbc9d5e1be1d0a64c6a0535f6a8ebec9c7ee7d7d6b2877d245d6c. 🔮 The Cryptoverse Awaits: As the cryptoverse echoes with the ripples of this transaction, observers and enthusiasts alike remain curious about the motives and implications of this sizeable ETH journey. 🌐🔍 May the Crypto Winds Unveil New Vistas! 🚀🌊 😍 A small LIKE and FOLLOW, Motivates me a lot 😍

5 days ago
CryptoPotato
CryptoPotato

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