Day: January 26, 2023

This Is How The Bitcoin Price Will Be Affected By Macro

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In a new interview, Charles Edwards of Capriole Investments shared his Bitcoin theses for 2023. Looking back at the past few months, the renowned expert said those have put the market in a position where Bitcoin offers “a great position for long-term investors.” As Edwards noted, almost every sentiment metric imaginable fell into the “biggest or second-biggest bearish” range in macro, equities, and crypto. “Pretty much anyone would have said on Twitter last year that we are in a recession or it’s coming to a recession,” the analyst continued. While…

The legal dangers of getting involved with DAOs – Cointelegraph Magazine

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Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities waking up to the reality that they need some sort of legal structure or “legal personality” in order to act in the real world, solutions from mimicking corporate structures to anonymously run foundations are being…

How the Crypto Can Prepare for Regulatory Scrutiny: Earn Respect from Regulators

While this is a broad-brush approach with echoes of Operation Choke Point, it’s hard to argue their fears are unjustified after the events of last year, even if it is ultimately unworkable to keep open, public and/or decentralized networks segregated from other areas of financial services for long. As Somerset Maugham put it in “The Razor’s Edge,” one “might as well try to hold back the waters of Mississippi with [their] bare hands.” Source

What Crypto Legislation Could Look Like for the US, UK and Europe

In the U.S., we will likely see a continued and strengthened differentiation between different categories of digital assets. The Biden Administration’s executive order (EO) on “cryptoassets” published in March made it clear that crypto is “here to stay,” with many federal agencies publishing subsequent detailed responses. The concept of a “digital dollar” received support in these reports, though there was substantial skepticism with respect to broader blockchain-based assets. However, these responses didn’t cover the detailed policy interventions that some had feared, such as banning certain crypto assets or requiring crypto…

Unpacking the Complexity of Crypto Assets: Are They Securities or Not?

Additionally, there are myriad provisions in U.S. securities laws that are at best opaque and at worst nonsensical, when applied to crypto. This includes disclosures for where and how crypto assets would be allowed to trade, how custody rules would be applied, whether a “transfer agent” would be needed (and how that could possible apply), margin rules, settlement rules, broker-dealer rules, investment company and investment advisor rules and many others. Source

Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250 – Economics Bitcoin News

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Gold has seen a significant increase in value in 2023, with spot prices rising from $1,823 per ounce to the current price of $1,937 per ounce. However, Harry Dent, founder of HS Dent Investment Management, believes that this trend may not continue in the near future. Dent predicts that gold may lose value to the range of $900 to $1,000 over the next 18 months. HS Dent Founder’s ‘Everything Bubble’ Theory and Its Potential Impact on the Economy On Tuesday, Harry Dent, founder of HS Dent and financial author, spoke…

Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram

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Web3 Infrastructure Startup Spatial Labs Raises $10M

The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Marcy previously backed Spatial Labs in a $4 million pre-seed round in 2021. Other backers in the latest round included noted businessman Ron Burkle, music producer Scooter Braun as well as Anthony Tolliver, a former pro basketball player, and Bobby Wagner, a linebacker for the Los Angeles Rams. Source