Day: September 21, 2022

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SEC Wants to ‘Remake the Law,’ Rather Than ‘Apply it,’ Says Ripple General Counsel

Was Ripple was singled out among the different projects within the crypto ecosystem? He said the company may have been used by the SEC to set an example. The aftermath, however, led “nearly every U.S. exchange to delist or suspend trading in XRP,” Alderoty said, which erased “$15 billion in market capitalization” from the company and prompted it to move its operations “offshore.” Source

Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report

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The Central Bank of Iran will make a pilot launch of a central bank digital currency (CBDC) on Sept. 22, the Iranian Chamber of Commerce has announced. The so-called “crypto-rial” has been in the planning stage for several years. The launch of the crypto rial was originally planned for November, according to the Chamber, which said the CBDC was intended “to help improve financial inclusion and function as a powerful tool for the CBI to compete with other stable coins globally.” It added that experts within the country had concerns…

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La Unión Europea finaliza el reglamento de la normativa cripto bajo la ley MiCA

Aunque el borrador filtrado, discutido en una serie de reuniones técnicas luego del acuerdo del 30 de junio, muestra que la MiCA no se aplica a los NFTs que realmente son únicos e incapaces de negociarse entre sí, “la emisión de criptoactivos como tokens no fungibles en gran serie o colección debería ser considerada un indicador de su fungibilidad”, dice el texto de obligación final en un Considerando, incluso si el emisor brindó un identificador único. Source

As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ – Economics Bitcoin News

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Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of inflation,” Biden stressed during his “60 Minutes” interview that aired on Sunday night. Amid Biden’s claims, ahead of the next Federal Reserve meeting on Wednesday, the U.S. Dollar Index (DXY) crept up to the 110.776 region. Meanwhile, a recent report published by CCP-backed Global Times is pressing for de-dollarization as the U.S. dollar’s rise “might be the…

Bitcoin Reacts To 75 Basis Point Fed Rate Hike

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Tony Spilotro I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a…