If you're even slightly familiar with these games, you'll know that web3 game creators are racing to make the first blockchain game that becomes popular and attracts traditional gamers. With games like PUBG, Fortnite, and Roblox bringing in hundreds of millions of gamers each month, that is no easy task. In fact, according to DappRadar,…
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I finally made it. It took me so long to stamp my Bitcoin seed phrase into this extra hardened steel (2912°F heat resistant). I think I managed roughly two words per day. Sometimes three. I bought my first Bitcoins in 2015 but I always was to lazy to secure my paper wallet and put it…
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where do you check the average daily gas fee? I cant find it on https://ethgasstation.info/faq/calculator submitted by /u/luchins [link] [comments]
Bitcoin risk-return is now presenting a macro buying opportunity, says Philip Swift as data shows a move from capitulation to accumulation.
Former Twitter CEO Jack Dorsey highlighted that a solution to Twitter’s censorship issues is making a platform resilient from corporate or government control.
Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets. The SEC is currently embroiled in a long-running case with Ripple Labs, with the focus on defining the XRP token as a security. Related Reading: LINK Still On ETH Whales’ Shopping Cart Despite Dismal Performance In Last 7 Days The CFTC also views all virtual currencies as commodities under the Commodity Exchange Act (CEA). However, this stance by the regulatory body is controversial since cryptocurrencies pride themselves on being decentralized. However, in light of recently outrageous events in the crypto space, the CTFC and SEC are more determined than ever to increase regulation and proper checks. Investors also desire more crypto coordination, transparency, and honesty to prevent future catastrophes. CTFC Vs. Ethereum The CTFC has labeled Ethereum as a commodity again during a recent court filing. This stance contradicts the position maintained by chief Rostin Behnam in his statement on November 30. According to Behnam, Bitcoin is the only cryptocurrency that should be classified as a commodity. The CTFC, in its lawsuit against Sam Bankman-Fried, FTX, and Alameda research, referred to Bitcoin, Tether (USDT), and Ether as commodities under the provisions of the United States law. The body quoted the law from Section 1a (9) of the Act, 7 U.S.C. § 1a (9). The CTFC has been internally divided on its viewpoint to group Ether as a commodity in the past weeks. Benham said that Bitcoin is the sole crypto asset that should be called a commodity. This view is in contrast to the filing. SEC To Be Granted More Power? Meanwhile, popular crypto skeptic Sen. Elizabeth Warren is said to be preparing a bill to grant the SEC more regulatory authority over crypto assets. Jeffrey Sprecher, Intercontinental Exchange CEO, believes that crypto assets will eventually be called securities. During a financial services conference on December 6, Sprecher stated that this move would ensure greater consumer protections. However, SEC Chairman Gary Gensler is currently undecided on the subject. In an interview with Jim Cramer during the Mad Money show on June 27, Gensler confirmed that Bitcoin was a commodity. “That’s the only one I’m, going to say,” he stated. Related Reading: How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department He had suggested that Ether was security after its initial coin offering (ICO). But it had become more decentralized and evolved into a commodity. In September, he also seemed to reconsider his stance during Ether’s transition to Proof-of-Stake (POS). Gensler stated that staked tokens might be considered securities under the Howey Test. Crypto assets grouping is vital in the U.S. as the CFTC regulates commodities, while the SEC regulates securities.
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Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might be intimidated by crypto tech otherwise. Bitso to Power Felix Pagos Whatsapp-Integrated Remittances Remittances […]
While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community’s contribution to uncovering the supposed FTX fraud.
Bahamian regulators said that they were the first to take action against SBF, and recent actions of the current CEO hindered their investigation.
