Tag: Video

SEC’s Gary Gensler takes another swipe at crypto in educational video

Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating in violation of securities laws. In an April 27 tweet, Securities and Exchange Commission (SEC) chair Gary Gensler shared a 4-minute video of himself describing crypto assets as “investment contracts” before calling on platforms that offer such products to register with the SEC to protect American investors. “An Investment contract exists when you invest money in a common enterprise with a reasonable expectation of profits,…

Coinbase execs respond to SEC’s Wells notice in person and on video

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Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube. The appeal was in response to a Wells notice received by the firm, a notification by the United States Securities and Exchange Commission (SEC) that it may intend to carry out enforcement actions against it. “Coinbase’s core commitment to regulatory compliance has never wavered,” Grewal said in the video, which was addressed…

US SEC’s Gary Gensler Releases Another Video Dig at Cryptocurrency Industry

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“The lack of compliance by these crypto platforms means that you don’t have basic investor protections,” Gensler said in his “Office Hours” video series. “These are things like rulebooks and surveillance to prevent fraud and manipulation. Or appropriate custody and segregation of customer assets so they don’t get misused or abused or simply become the property of the platform, especially if it goes into bankruptcy.” Source

Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology (MIT) before he became chair of the Securities and Exchange Commission (SEC). On the topic of initial coin offerings (ICOs), Gensler said that…

WEF’s promo video shows Bitcoin mining, but leaves out the B-word

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The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto. Published on April 20, the WEF video promoted efforts toward reducing flaring — where large amounts of gas from oil production or from decomposition are wasted — by the Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems. Prominent imagery of what appear to be cryptocurrency mining facilities are presented throughout the video; however, the…

WEF’s promo video shows Bitcoin mining, but it leaves out the B-word

The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto. Published on April 20, the WEF video promoted efforts towards reducing flaring — where large amounts of gas from oil production or from decomposition are wasted — by the Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems. Prominent imagery of what appear to be cryptocurrency mining facilities are presented throughout the video; however, the…

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,…

Video of SEC chair praising Algorand resurfaces after recently deeming it a security

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A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security. In the video, Gensler referred to Algorand as a “great technology” while he was contemplating whether a “high performance” smart contract network would be capable of integrating an Uber or Lyft-like application on its platform. ALGO is one of six tokens that Gensler claimed was an unregistered security in the SEC’s lawsuit against crypto trading…

Why Senegal rejects the CFA and is warming to Bitcoin: video

Cryptox goes to Senegal, West Africa. The medium-sized African nation recently hosted a Bitcoin conference (BTC) and more and more merchants and customers are joining the Lightning Network.  Armed with a camera, a lightning wallet and a microphone, Reporter Joe Hall took to the streets of Senegal to peer under the surface of Bitcoin adoption in the capital city, Dakar. As the Cryptox Youtube video highlights, Senegal has a young, digitally native population and in recent years, its become second nature for people to send money via mobile phones rather…

Paying the way for Bitcoin adoption in El Salvador: Video

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The Bitcoin (BTC) white paper title describes Bitcoin as a “peer-to-peer electronic cash system.” So how is Bitcoin being used as a means of exchange, or electronic cash, in the first country to adopt Bitcoin?  Reporter Joe Hall spent a few weeks in El Salvador attempting to live off Bitcoin and Bitcoin only. He documented his trials, tribulations, successes and satoshis (the smallest amount of a Bitcoin) in a video for Cointelegraph’s YouTube channel: Headlines from El Salvador within the crypto community have been largely positive. Moreover, statistics emanating from…