Day: June 13, 2023

SEC lawsuit sheds light on Coinbase’s management

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The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising questions about the crypto exchange’s approach to managing the ongoing crypto crackdown. In a recent interview with Cointelegraph, venture capitalist Kevin O’Leary criticized Coinbase’s strategy to address the current regulatory environment. “Its market cap was decimated [by the SEC suit], and the management there seems to want to keep taking on the SEC over and over and over again,” said the serial entrepreneur in reference to the 17.4% drop in Coinbase’s…

Snoop Dogg Launches Evolving Digital Collectible, the Passport Series

“Throughout my career, I’ve always been pushing things forward,” said Snoop Dogg in a press release. “With the passport series, I can give my fans the opportunity to travel the world with me – no one’s ever done that. I’ve always been a pioneer, and digital merch is part of the future. I’m hoping other artists can see what I’m doing and continue to innovate on their own.” Source

From Abacus to quantum computers

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From the earliest mechanical devices to the most advanced quantum computers of the present, the history of computing is a fascinating trip spanning thousands of years.  Let’s explore the significant turning points in computing history, starting with the abacus and progressing through quantum computers. Abacus (3,000 BCE) The abacus, which dates back to 3,000 BCE, is frequently cited as the earliest known computer device. To accomplish fundamental arithmetic computations, a set of rods or wires with beads were pushed back and forth. Mechanical calculators (17th to 19th centuries) Several mechanical…

Bitcoin Miners Transfer $174M Worth of Coins To Exchanges in 2 Weeks

CryptoX – Cryptocurrency Analysis and News Portal Data from Glassnode shows miners or entities minting coins by verifying transactions on the blockchain have moved 6671.99 BTC ($174 million) to exchanges since May 31. On June 3 alone, miners moved 2,606 BTC to exchanges, the largest single-day tally in over four years. Original Source The post Bitcoin Miners Transfer $174M Worth of Coins To Exchanges in 2 Weeks appeared first on CryptoX. CryptoX Portal

Bitcoin price rejects CPI boost as market Fed rate pause odds near 95%

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Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Markets expect first Fed pause since 2021 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $26,000, avoiding major volatility. The largest cryptocurrency saw a brief spike toward $26,500 on the back of the latest United States Consumer Price Index (CPI) print, which came in below expectations. While ostensibly a boon to risk assets,…

Why the XRP Army Keeps Fighting

Giving further credence to XRP Army, Byrne adds that the SEC was targeted by a “huge marketing campaign from Ethereum promoters, and people with large quantities of Ethereum” so that the SEC would “leave it alone in the name of technology.” But there’s yet more nuance. Byrne adds that there are other reasons the SEC could have chosen to prosecute Ripple and not Ethereum, including that Ripple continues to sell XRP on secondary markets. “If you sell tokens in the market on January 1, and you’re not supposed to do…

House Republicans’ Bill Shows Challenge of Regulating Crypto Without Giving Traditional Securities a Free Pass

McHenry and Thompson attempt to sidestep the Howey Test entirely. Their bill would create a new asset class called “digital assets.” Digital assets can come in many forms, but two particularly important ones are “digital commodities” and “restricted digital assets.” In short, the legislation provides that crypto tokens will either be issued as digital commodities in the first instance, or as restricted digital assets that then “mature” into digital commodities after they become sufficiently decentralized. Source