Day: July 11, 2022

US crypto regulation bill aims to bring greater clarity to DAOs

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On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto. Among its many proposals, the bill establishes basic definitions, provides an exemption for digital currency transactions and harmonizes the roles of the Securities and Exchange Commission (SEC)…

Will it silence critics, mollify investors?

There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin.  Tether has been embroiled in legal and financial wrangling through much of its short history. There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves — costing the firm $18.5 million in fines in 2021 — and this year, questions voiced by United States Treasury Secretary Janet Yellen as to…

Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions

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The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission. Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry. The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at risk. The case, which was filed in December 2020, revolves around the Commission’s…

PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

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As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto.  In a Twitter thread, researcher Vivek Raman highlighted that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. According to Raman, the shift into PoS lowers Ether (ETH) inflation, gives better security and positions the crypto as a digital bond. Raman said that after the Merge, ETH inflation will drop from 4.3% to 0.22%. The researcher explained that this…

BTC Falls Below $22,000 to Start the Week – Market Updates Bitcoin News

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Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000 earlier today, with ETH slipping below $1,200. Bitcoin Bitcoin dropped below $21,000 on Monday, as prices continued to slip, following a recent encounter with a key resistance point. Since hitting its resistance level of $22,070 on Friday, BTC has fallen for three straight sessions, with today’s decline hitting a low of $20,395.39. This move saw the token fall from an…

Binance ban off the cards, says Philippine trade and industry department

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A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country. The Philippines’ Department of Trade and Industry (DTI) has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng Pilipinas (BSP), as a dead-stop after a lobbying group called for the prohibition of Binance in early July. Local think tank Infrawatch PH had asked the DTI to investigate Binance for the promotion of its services and offerings, which…

WARNUNG ! DER LETZTE GROSSE KRYPTO KNALL kommt ! Krypto crash – bitcoin – kryptowährung news

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