LBANK INFO CRYPTOCURRENCY

Judge Katherine Polk Faila of the U.S. District Court for the Southern District of New York recently  held  a pre-motion conference regarding the Securities and Exchange Commission’s (SEC) lawsuit against Coinbase. In their lawsuit filed in early June 2023, the regulator claims Coinbase violated securities laws by listing certain digital assets on its platform that they deem as securities. Coinbase versus SEC Pre-motion Conference However, during the conference on July 13, Judge Faila questioned the SEC’s ability to safeguard United States investors engaged in crypto. Specifically, she expressed concern that the SEC’s definition of a security might be “too extensive,” potentially leading to many digital assets being classified as securities.  The Judge also inquired about how the SEC intends to effectively communicate its definition of a security to the public, given the ambiguity of the Howey test, which the SEC employs to determine whether a digital asset qualifies ...

Celsius Network has gone public with another development that adds to the troubles of the bankrupt crypto lender. This time around, the bankrupt crypto firm is selling one of its core platforms, but at a significant loss, with the proceeds not even going to creditors once again. Celsius Network Agrees To Sell GK8 The GK8 platform is one of the Celsius Network’s highest purchases during its operational time. Back in 2021, the crypto lender purchased GK8, a self-custody platform, for a total of $115 million. This was at a time when the platform had not shown any signs of trouble and business was still booming. However, less than a year after buying the platform, the crypto lender filed for bankruptcy, with a hole in its balance sheet running into billions of dollars. Now, a year later, the crypto lender is still deep in the throes of bankruptcy proceedings and has agreed to sell the GK8 platform. In a court filing submitted on July 17, Celsius reveals that it has now reached a settl...

The recent ruling in favor of XRP has dispelled any negative regulatory challenges it had been facing, resulting in a head-turning rally over nearly 100% in 24 hours. Enough people are now paying attention to Ripple’s cryptocurrency, that it’s starting to pull capital from Bitcoin and Ethereum. And according to the charts of the three assets, XRP is poised to wildly outperform the two more dominant coins. XRP To Outperform Bitcoin and Ethereum After 6 Years Of Lagging Unlike Bitcoin and Ethereum, which enjoyed record-setting new highs in 2020 and 2021, XRP has yet to reach beyond its 2017 peak. That’s because in 2020 the United States Securities and Exchange Commission slapped Ripple and two of its top executives with a lawsuit alleging the sale of unregistered securities. With those storm clouds now gone, it could be clear skies for XRP. The cryptocurrency, now ranked 4th by market cap, rallied nearly 100% in hours following the landmark ruling. The fact it could have more catch...

Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol. from Cointelegraph.com News https://ift.tt/tkwFA3V via IFTTT

If I try to look at the txn in the genesis block, I get: root@0eef0ed7601c:/home/bitcoin# bitcoin-cli getrawtransaction 4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b error code: -5 error message: The genesis block coinbase is not considered an ordinary transaction and cannot be retrieved Is another way to get it to display? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/89l2reR via IFTTT

Florida Governor and U.S. Presidential candidate Ron DeSantis has voiced his opposition to the implementation of Central Bank Digital Currencies (CBDCs) in the United States.  In a recent statement , he declared that if elected as President, he would put an end to any plans for CBDCs in the country. CBDCs To Be Axed On Day One DeSantis cited concerns about the potential threat to American liberty, arguing that a CBDC would allow the government to monitor and control citizens’ financial transactions, including the ability to prohibit purchases of items such as fuel and ammunition.  He also suggested that the implementation of a CBDC would lead to the imposition of a social credit system in the country. To counteract this perceived threat, DeSantis and the state of Florida have passed a law that refuses to recognize CBDCs within the state. He believes that other states will follow suit, effectively preventing the Federal Reserve from implementing a CBDC through executive a...

The Ark Invest CEO said the recent Ripple court ruling is a major win for crypto exchanges. from Cointelegraph.com News https://ift.tt/XEjybZ5 via IFTTT