CRYPTO BUSINESS

Apparently, Bitcoin's presence in the source code was not a recent addition but was just retained even after Tesla suspended accepting BTC as a form of payment.

A former SEC official called Dorsey's first-tweet NFT "worthless" and said the industry is not just "the Wild West" but a "global financial post-apocalyptic Walking Dead-like anarchy."

The event will be held from Aug. 15 to 16.

"Please remember that it's not just about promoting the token everywhere, but also prioritizing safety. While we appreciate seeing Shibarium partner Bad Idea listed in various places, it's crucial to avoid scammy platforms that deceive and rug investors," a Shiba Ecosystem and Shibarium Tech marketing specialist said.

SEC chair Gary Gensler is requesting additional funding to help the agency regulate crypto markets that he said were "rife with noncompliance." The agency has been clamping down on the crypto industry, with Ripple scoring a win earlier this month over a security lawsuit.

The SEC took the first step in its process of deciding whether to approve the proposals submitted by six firms vying to offer spot Bitcoin ETF when it accepted the applications and added their names to the Federal Register.

The Intel-To-Earn feature of Arkham enables users to submit a bounty for information on an individual's blockchain transactions in the interest of the public.

CoinGecko's CTO and COO commented that while the platform hasn't said anything yet about its plans, Community Points might be "something to monitor in the coming months."

District Judge Analisa Torres referred the SEC vs. Ripple case to Judge Netburn for General Pretrial, which includes scheduling, discovery, non-dispositive pretrial motions and settlement.

Several factors could be credited for the revived interest of investors in Bitcoin, including the spot BTC ETF application of Wall Street giants led by BlackRock.

Last week, Ripple Labs scored a major victory for the cryptocurrency industry in its legal battle against the financial regulator after the court ruled that institutional sales of XRP violated federal securities law but programmatic sales and sales on exchanges did not fall as a sale of securities.

It appears that the ongoing lawsuit does not discourage Musk from doing what he is usually doing, and that is, shilling Dogecoin at every chance he gets.

It is worth noting that Celsius Network already announced its reorganization plan in June, and has requested the court's approval to convert all of its altcoin holdings, except those in Custody and Withhold accounts.

Reports indicate that House Republicans are initiating an investigation into financial giants BlackRock and Vanguard. This move comes after U.S. presidential candidate Vivek Ramaswamy exposed alleged connections between these companies and the White House.

Although Bitcoin rallied last week due to the landmark decision of the court about the classification of Ripple Labs' native token XRP and other positive events, the maiden crypto saw some corrections after, which triggered the price of the crypto asset to trade above $30,000.

"You never could have said to them, 'Hey, you guys need to register as a securities exchange.' That was within the power of the SEC to do, was it not, " Judge Failla said, highlighting that it made sense for Coinbase to assume that it was in the clear since it received no warning from the SEC before its IPO.

According to Garlinghouse, "the SEC 'sowed confusion' in the market." He noted that the financial regulator "knew there was confusion, and they actually did things that they knew would increase confusion."

Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.

MultiChain also assured to refund users and asked that they "revoke app approvals to Multichain immediately."

FTC said the fine imposed on Celsius Network would be "suspended to permit Celsius to return its remaining assets to consumers in bankruptcy proceedings."

Bitcoin, Ether and the broader cryptocurrency market saw significant levels of gains after Ripple Labs bagged a major victory in court Thursday.

The court's ruling Thursday is crucial for the cryptocurrency industry since it would help determine how crypto assets should be viewed under the U.S. Securities law.

A few months after the firm received special approval from the U.S. Securities and Exchange Commission, lawmakers are now asking the financial regulator to investigate the business' ties with China.

The analyst also shared a chart showing Huobi BTC collateral over time (as a percentage of peak balances). It highlighted a troubling trend of declining Bitcoin reserves at the exchange.

As part of the new policy, Google requires "apps [to] be transparent with users about tokenized digital assets," especially if a game or an app allows users to earn.

"This kind of behavior not only undermines the trust and integrity of the cryptocurrency community but also puts innocent investors at risk," the Shiba Ecosystem marketing specialist told IBT.

The $103 million transfer consisted of $USDC: $23,999,250, $fUSDT: $29,657,932 , $WBTC: $2,139,053, $WETH: $17,168,126, $ETH $10,102,001 and $DAI : $2,994,317.

According to Ripple CTO David Schwartz, Judge Analisa Torres might deliver her verdict by the end of September 2023.

"This is the second case we are announcing this week to shed light on fraud in the cryptocurrency and digital asset ecosystem," U.S. Attorney Damian Williams said.