Day: February 23, 2022

Former SEC official predicts regulator ‘will lose on the merits’ of case against Ripple

boss

A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the merits” of the case. Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRP), which will have ramifications for the entire industry. The lawsuit alleges that the company and its co-founders, Brad Garlinghouse and Christian Larsen, failed to notify the SEC about its sale of XRP beginning in 2013, and that the tokens are…

$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative

boss

Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) investment products, which saw outflows totaling $15.2 million. Despite Cointelegraph reporting earlier this week that activity on the Bitcoin network was down 30% since its ATH levels three months ago, digital gold appears to be the asset of choice for sophisticated investors of late. According to CoinShares’ Feb. 22 “Digital Asset Fund Flows Weekly” report, BTC funds have now…

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News

boss

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision of Kazakhstan’s Ministry of Energy have carried out a number of inspections to identify illegal coin mining operations in the country, the department said. Members of the country’s law enforcement and other government agencies also…

Bitcoin, Cryptocurrency and Stock Markets React to Fed Statement by Jerome Powell

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Here’s how I can help you… Courses One on one Coaching —– Greg is a serial entrepreneur, real estate developer, coach, and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed-use subdivisions and started 12 different companies from the ground up. Greg currently mentors some of the top entrepreneurs, real estate investors and real estate developers in the country helping them grow and scale…

Ethereum Primed For Strong Recovery And Only 1 Thing is Holding it Back

Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the $2,700 and $2,700 resistance levels.…

The Ultimate NFT Project That Is Dominating the NFT Market Now – Sponsored Bitcoin News

boss

sponsored NFTs have emerged as the biggest trend on the blockchain industry due to their massive popularity with mainstream users. This novelty form of digital assets have enabled artists and creators to mint and monetize their creations without going through complex processes associated with traditional platforms. Therefore, it is unsurprising that the NFT trade volume increased nearly three-fold from $2.67 billion in December 2021 to $6.86 billion in January 2022, according to data from The Block Research. Adoption by social media platforms Twitter, Reddit and Meta, have also accelerated the…

Swiss index provider launches new product tracking 10 DeFi tokens

boss

Switzerland-based fund manager Compass Financial Technologies has launched an index for 10 Decentralized Finance (DeFi) tokens dubbed the “Compass Crypto Basket Fundamental DeFi Index” (CCBFDEFI). The firm was founded in 2017 and offers indices and services tailored to crypto, commodities, multi-assets and real estate. It manages around $5 billion worth of investment products related to its indices. The CCBFDEFI went live on Feb. 22 and it provides institutional exposure to a group of 10 DeFi tokens that are individually weighted based on “ liquidity, market capitalization and protocol revenue metrics”…

Hut 8 Mining: Bitcoin & Ethereum Mining – Suzanne Ennis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Joining Cassandra on the Daily Dive today for the first time is Suzanne Ennis, Head of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT, NASDAQ: HUT). She talks about the company’s hodl strategy with respect to capital capacity and shares updates on the cyrpto miner’s production and financials. In addition, she answers questions about the firm’s strategy to enter the ethereum space, the effect of the pending US Infrastructure bill on the crypto industry, and the outlook on the…

Appellate court decision allows Bitconnect class action to proceed

boss

The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling that prohibited such a case. Bitconnect is the endlessly memed ICO from 2017 that collapsed in January, 2018. Appellate courts are superior courts that are used to review previously tried cases so the ruling may be reversed or confirmed. The alleged victims may now move forward with a class action case against BitConnect (BCC) and its promoters Glenn Arcaro, Ryan Maasen, Trevon James,…