Month: August 2023

Web3 Is a Game Changer in ESG Compliance

Nevertheless, the benefits of Web3 technologies in easing this transition period should not be underestimated. By providing a robust system for data verification, a system based on content-addressed data could mitigate potential fines companies may face for non-compliance. For the new EU regulations, if a company fails to carry out quality controls, it could be fined up to 4% of its total annual turnover. A 4% loss of total annual turnover is a significant deterrent, making the investment in Web3 technologies an economically sound decision. Source

BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

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Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained, as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin (BTC) exchange-traded fund. Still, the victory may prove to be bullish for Grayscale. Glassnode analysts said in an X (formerly Twitter) post on Aug. 30 that the Grayscale Bitcoin Trust (GBTC) could return to a premium next year. It is important to note that GBTC has been…

Long-Term Holders See 170% Rise In Past Year

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On-chain data shows the number of Cardano (ADA) long-term holders has increased by 170% during the past twelve months. Cardano & Litecoin Have Seen Most Growth In Long-Term Holders In a new post on X, the market intelligence platform IntoTheBlock has revealed data related to the long-term holders of the various assets in the sector. The “long-term holders” (LTHs) here refer to all those investors who bought their coins at least one year ago. These HODLers are generally the most committed hands in the market, as they rarely participate in…

Blockchain Builder StarkWare Restores Crypto for Delinquent Updaters of Argent Wallet, Braavos Wallet

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US court dismisses class action lawsuit against Uniswap

A U.S. District Court has dismissed a class action lawsuit against Uniswap, one of the world’s top decentralized exchanges (DEXes), stating that the plaintiffs’ claims were “devoid of factual support”, highlighting ambiguities in current crypto regulations. On Aug. 29, a class action lawsuit against Uniswap was dismissed by Judge Katherine Polk Failla, who is also overseeing a case by the U.S. Securities and Exchange Commission against Coinbase. The judge found that some of the allegations against Uniswap lacked factual evidence, rendering them untenable in a court of law. The lawsuit,…

chance of SEC approving spot Bitcoin ETF in 2024 is at 95%

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bloomberg’s top exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, now see a higher likelihood of the United States Securities and Exchange Commission (SEC) approving a Bitcoin spot ETF In an Aug. 30 tweet, they revealed that the approval chances have risen to 75% in 2023, up from 65%. They also noted a 95% likelihood for the SEC to approve the derivative product in 2024. Timelines will not matter much After the SEC’s loss, the ETF…

The good, the bad and the ugly of the EU’s crypto rules

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While United States regulators such as Securities and Exchange Commission Chair Gary Gensler make bad-faith claims that “there’s been clarity for years” when it comes to cryptocurrency, the European Union took real action in April when it passed the Markets in Crypto-Assets (MiCA) regulatory framework. While imperfect, it was a crucial move in the right direction for our industry and a signal to the U.S. that it will be left behind if it continues to stand still and rely on antiquated regulations. Similar to how Bitcoin (BTC) took old technological,…

Inverted Hammer Formation Signals Rise Above $0.8 Resistance

After the initial excitement surrounding Ripple Lab’s partial legal victory against the US Securities and Exchange Commission (SEC) subsided, XRP experienced a decline that led it to test its 4-month support line at $0.4240.  However, the cryptocurrency has demonstrated resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation or accumulation zone. This renewed stability has sparked optimism among bullish investors, indicating a potential rebound for XRP. Presently, XRP is trading at $0.5295 with a 24-hour trade volume of $1,419,623,015.56. This reflects a 1.89% increase in…

Trump NFTs back in demand, SEC says NFT sales are unregistered securities: Nifty Newsletter

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​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, the United States Securities and Exchange Commission (SEC) registered its first unregistered securities sales claim against nonfungible token (NFT) offerings. An OpenSea manager accused of insider trading was sentenced to three months in prison and fined $50,000, and Trump NFT prices shot up after the former…

Judge says Sam Bankman-Fried’s lawyers have until Sept. 1 to request a trial postponement: Report

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Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have reportedly not asked for a different trial date in order to prepare, but a federal judge has offered a limited window to do so. According to an Aug. 30 thread on X (formerly Twitter) from Inner City Press, Judge Lewis Kaplan said the deadline for requesting a jury based on Bankman-Fried’s trial start date was Sept. 7. SBF’s lawyers reportedly said they “chose an aggressive date” in which the former FTX CEO would have the opportunity to clear his name but…