Author: Muhammad Yousaf
Ripple CEO’s Teasers Suggest Pivotal Hinman Documents Could Reshape Ripple’s Destiny, Awaited by Anticipating XRP Community. XRP CEO Brad Garlinghouse has dropped hints suggesting that the imminent release of the much-anticipated “Hinman documents” holds crucial information that could shape the future of XRP. These documents, which comprise correspondence between former SEC Director William Hinman and other agency insiders, pertain to the preparation leading up to Hinman’s 2018 speech at the Yahoo Finance Summit. In that speech, Hinman controversially classified Bitcoin and Ethereum as commodities rather than securities. https://twitter.com/bgarlinghouse/status/1668361426187218945 Ripple Community Anticipates Impactful Hinman Documents Ripple finds itself embroiled in a…
Bitcoin, the largest cryptocurrency, continues to exhibit stability amidst a renewed crackdown on the cryptocurrency market by the United States Securities and Exchange Commission (SEC). Despite the bear market conditions, Bitcoin’s price remains resilient, trading slightly above $25,800 and finding support from the 200-day Exponential Moving Average (EMA). According to Chinese reporter Wu Blockchain, https://twitter.com/WuBlockchain/status/1668079293409431552 Bitcoin’s Stability At Risk As SEC Intensifies Crackdown On Altcoins The SEC has intensified its regulatory actions, targeting major cryptocurrency exchanges such as Binance and Coinbase through separate lawsuits. Experts in the crypto industry suggest that these legal actions may have political motivations, as the…
Cardano’s founder, Charles Hoskinson, has swiftly refuted the allegations made by the U.S. Securities and Exchange Commission (SEC) regarding Cardano’s native ADA token being classified as a security. In a strong response, Hoskinson took to Twitter to assert that: https://twitter.com/IOHK_Charles/status/1668003846273085441 He emphasized that no ADA tokens were sold within the United States. He clarified that the original financing took place in Japan through the issuance of vouchers, which were subsequently converted into ADA tokens during an airdrop in 2017. The debate was sparked by lawyer and crypto enthusiast Bill Morgan, who contended that the enhancements and marketing efforts surrounding ADA…
The Solana Foundation has formally replied to the U.S. Securities and Exchange Commission’s (SEC) designation of its native token, SOL, as a security. In a statement published on June 10, the foundation voiced its dissent against the SEC’s classification. It underscored the importance of well-defined regulations in digital assets. According to the Solana Foundation, SOL is not a security, contrary to the SEC’s classification in lawsuits filed against Binance and Coinbase on June 5 and June 6, respectively, and the SEC based its classification on factors such as the expectation of profits derived from the efforts of others and the…
Bitcoin HODLers Defy Market Distress and Regulatory Charges, Holding Firm Amidst Legal Battles The recent regulatory charges brought against Binance and Coinbase by the United States Securities and Exchange Commission (SEC) have sent shockwaves through the cryptocurrency market. However, a surprising revelation has emerged from the data provided by Glassnode, a prominent crypto markets analytics provider: long-term Bitcoin HODLers seem unaffected by the legal turmoil. https://twitter.com/glassnode/status/1667887410498207744?s=20 Bitcoin HODLers Stay Strong Amidst Market Distress And Regulatory Charges According to Glassnode’s analysis, the percentage of BTC Long-Term Holder Supply sent to Exchanges remains strikingly low, at a mere 0.004%. This figure highlights…