Day: April 18, 2023

‘Is Ether a commodity or a security?’

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Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing.  In an April 18 hearing on oversight of the SEC, Representative McHenry used his opening statement to bring up the commission’s “punishing” of digital asset firms through regulation by enforcement without a clear path to compliance. The congressman reiterated calls for U.S. lawmakers to provide “clear rules of the road” for crypto through legislation. In addition, he pressed SEC…

Bitcoin’s ‘Store-of-Value’ Narrative Is Real but Not a Price Mover

Plus, with other “hard assets,” the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence whatsoever on the supply. It is the hardest of hard assets. Source

BTC price quotes now live on Twitter following eToro partnership

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On or about Apr. 18, Twitter rolled out Bitcoin (BTC) price quotes on its social media platform, which can be viewed using its search tool. The price quotes are powered by charting platform TradingView. In conjunction with the display is a link to Israeli cryptocurrency exchange eToro, where users can buy or sell Bitcoin. At the time of publication, it appears that only BTC price quotes are available, and not that of other major cryptocurrencies. A disclaimer with the label “Your Capital At Risk” also accompanies the Bitcoin price chart.…

Bitcoin Becomes Best Performing Asset in 2023 as BTC Consolidates Above $30K

Popular coin Bitcoin is up 80% in 2023 and is by far the year’s best-performing asset compared to gold and others. Bitcoin (BTC) bears might be flush with some humiliation as the leading crypto becomes the best-performing asset in 2023. Once again, BTC lived up to its billing as the leading digital asset, with bulls consolidating their ranks in the price tug-of-war. However, positive signs suggest that the world’s largest crypto by market cap is on an upward trajectory. Furthermore, analysts and observers believe that the worst of the Bitcoin…

18 industry vets share tips for launching a crypto startup in a bear market

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Launching a startup in any industry is hard. Launching during a bear market is even harder. Launching a startup in a bear market in a relatively new industry like crypto — which many investors don’t fully understand and which has had its share of recent negative headlines — brings a whole additional slate of challenges. But as many industry pioneers have proven, it’s not impossible, as long as founders follow a few smart strategies. Many of the members of Cointelegraph Innovation Circle are startup founders themselves, and all are longtime industry…

NBA Hall of Famer Shaq Served in FTX Investor Suit – Exchanges Bitcoin News

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A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX. Shaquille Served Legal Notice in FTX Lawsuit Outside His Home, Lawyers Say Following multiple attempts in the past months, legal representatives of a group of FTX investors have managed to serve Shaquille O’Neal in a suit against several celebrities who promoted FTX. The latter…

Bank of America (BAC) Shares Ticks 2% in Pre-Market after Impressive Q1 2023 Report

The company’s investors are bullish on the BAC stock following the earnings release. American multinational financial services giant Bank of America Corp (NYSE: BAC) has released its first quarter (Q1 2023) performance report which shows significant growth milestones. According to details shared by the bank, its revenue came in at $26.39 billion as against the $25.13 billion expected from analysts. The Charlotte, North Carolina Headquartered bank also saw a shift in its Earnings Per Share (EPS), recording a total of 94 cents as against the 84 cents profiles by analysts.…

Lukso Genesis Validator Smart Contract to Go Live on 4/20 at 4:20

Genesis validators on Lukso will have an important role in establishing the supply of the LYX token, as well as how involved the Lukso Foundation (LF) will be in the ecosystem. As part of the smart contract deposit, Genesis validators will vote on how many LYX tokens should circulate. They will vote on whether 35 million LYX will be in circulation with the LF holding 12.1% of the token supply, 42 million LYX in circulation with the LF holding 26.8% of token supply, or 100 million LYX in circulation, with…

GameFi Short Video Platform Cheelee Launches CHEEL Community Drop Worth $5,000,000 – Press release Bitcoin News

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press release PRESS RELEASE. Cheelee, the GameFi short video platform well-known for rewarding users for viewing their feeds, has announced the most monumental Community Drop of 2023. Starting from April 17th, every vertical video lover now gets the chance to get on board one of the most promising projects ever launched and take home a share of a $5,000,000-worth pool of CHEEL tokens. The community drop will be run on Zealy platform, so everyone is warmly welcomed to grab a share of the loot. To succeed in Cheelee Community Drop,…