The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
OTC Markets, a well-established name in the trading of penny stocks and other securities outside of the major exchanges, is counting itself among the firms “actually trying to do things under what the SEC has put out there so far, as opposed to pushing back, saying we don’t fit under these rules,” said Cass Sanford, deputy general counsel, in an interview. Source
Ripple (XRP) has seen an increase over the past week. An analysis of XRP’s performance, recent events, and the implications of this upward trend show what might be on the horizon. As the crypto market weathers turbulent times, one token that seems to have found its stride is XRP. Defying the prevailing market sentiment, XRP has experienced a 9.37% rise in value within seven days, trading at $0.46 as of May 23. XRP weekly price chart | Source: CoinMarketCap Adding to the intrigue, large transfers of XRP tokens have been…
Namada said it is its Switzerland-based non-profit arm, the Namada Foundation that will be in charge of issuing out the NAM tokens that will be airdropped to OSMO holders. Namada Blockchain, a privacy-centric protocol built on the Cosmos Network, is looking at solidifying its presence in the industry with a partnership pitch to Osmosis (OSMO). As reported by Coindesk, Namada co-founder Christopher Goes is exploring a jointly funded grants program to bankroll software “public goods”. The proposal will also involve the airdropping of NAM tokens to current Osmosis holders, a…
Judge Breyer threw out the year-long Twitter shareholder lawsuit against Elon Musk, which accused him of cheating other shareholders. San Francisco’s US District Judge Charles Breyer has dismissed the shareholder lawsuit against Elon Musk challenging the Twitter buyout. On Monday, Breyer ruled that the context in which Musk sustained the suit lacked standing. According to the district judge, plaintiff William Heresniak sued the Tesla CEO for grievances associated with his Twitter buyout, and not the buyout’s fairness. Breyer further said that Heresniak failed to prove how Musk’s delayed disclosure of a 9.2% Twitter stake impacted share…
OKX’s DASP registration comes after the 27 EU member countries unanimously agreed on the Markets in Crypto Assets (MiCA) regulation. Seychelles-based cryptocurrency exchange OKX is currently seeking to set up a base in France. To this end, it has applied to obtain a license as a Digital Asset Service Provider (DASP) in the country. Therefore, if the Financial Markets Authority (AMF) approves, then OKX may legally carry out its digital assets business in the European Union’s second-largest economy. OKX Reveals Recruitment Plans in France According to Tim Byun, the company’s…
“Given the current high level of public interest, especially regarding lawmakers, it’s not appropriate to enforce the law six months later after the promulgation,” Yun said, according to the report. Yun reportedly said he had asked the leader of the Public Administration Committee to propose a modified version of the law, on which a vote is scheduled for Friday. Source
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Under the rules, crypto exchanges are to maintain at all times no less than 5,000,000 Hong Kong dollars ($640,00) in capital, and at the end of each month, submit the platform’s available and required liquid capital, a summary of bank loans, advances, credit facilities as well as a profit and loss analysis to the SFC. Approved tokens on regulated exchanges need a 12 month “track record,” according to the rules. Source
Dash, the open-source, proof-of-work blockchain, is down following a recent hard fork failure. The flaw is preventing the network from generating blocks, effectively preventing users from securely transferring value or making payments. Dash Blockchain Is Down As of May 23, the Dash blockchain explorer shows that the last block of transactions was confirmed roughly 28 hours ago. The network halt coincides with a failed upgrade on May 22 which would have seen the platform’s code updated to v19.0.0. Dash Block Generation: Blockchain Explorer The bug in the failed hard fork relates…