BlockchainReporter’s Post

#Coinbase cleared in #lawsuit over #Crypto transactions The court’s decision hinged significantly on interpreting Coinbase’s user agreements, which evolved over time. #friends #family #CTO #CFO #SMB #Entrepreneur #Neighbor #teens #parents #wife #husband #mom #dad #Employers #technews #Cryptonews #Blockchain #fourthindustrialrevolution #Lawyers https://lnkd.in/ej_YNTbz

Ready to dive into the cheekiest coin in crypto? Meet Money For Criminals ($MFC) – where finance meets satire! 🚀 This meme coin isn’t just about laughs; it’s a sharp critique on how financial systems may inadvertently support shady dealings. $MFC offers both a dose of humor and a platform for serious discussion about the ethics of finance. Join the conversation and explore what $MFC is all about. Could this be the most honest coin out there? 👉 What are your thoughts on the role of humor in highlighting financial issues? Share and join the discussion below!  #CryptoHumor #MemeCoin #MoneyForCriminals #EthicsInFinance #CryptoNews

Bybit Surpasses Coinbase, Becomes 2nd Largest Exchange Amid Binance Regulatory Woes Bybit has become the second-largest crypto exchange worldwide, exceeding Coinbase’s market share. This development follows Binance’s loss of some market share brought on by earlier legal concerns. Author: Sarah Usman https://lnkd.in/dCeRfVzX #Bitcoin #Crypto #Ethereum #News #binance #Bitcoin #Bybit #coinbase #ethereum

The future of finance is digital beanie babies. Bloomberg reports: "Coinbase Global Inc. said buying cryptocurrency on an exchange was more like collecting Beanie Babies than investing in a stock or bond. The biggest US crypto exchange made the comparison Wednesday in a New York federal court hearing. Coinbase was arguing for the dismissal of a Securities and Exchange Commission lawsuit accusing it of selling unregistered securities. William Savitt, a lawyer for Coinbase, told US District Judge Katherine Polk Failla that tokens trading on the exchange aren’t securities subject to SEC jurisdiction because buyers don’t gain any rights as a part of their purchases, as they do with stocks or bonds. “It’s the difference between buying Beanie Babies Inc. and buying Beanie Babies,” Savitt said." Sigh, the beanie baby defence again. Let's ignore for now the obviously ominous comparison for crypto (🤔 is this Coinbase subtly telling investors it expects the tokens it sells to go the way of beanie babies?), but what are some differences? Well, for one thing, your beanie baby is an object whose existence is not dependent on a bunch of developers maintaining code, a bunch of forgers/miners bundling transactions together to keep the system working. Tokens are ideational things, very much dependent on a sufficient number of people going, "I do believe in fairies! I do! I do!" and then going about maintaining the system that instantiates these ideational things in the real world, in the form of ledger entries. Beanie babies are well beanie babies. Even if the whole world chanted, "I don't believe in beanie babies! I don't! I don't!", guess what? They're still there. To borrow the language of the historian Yuval Noah Harari, one is an objective thing (beanie babies), the other is an inter-subjective one (crypto tokens). "The question of whether digital tokens are securities has divided courts. Another Manhattan federal judge ruled in July that exchange sales of Ripple Labs XRP token weren’t subject to SEC jurisdiction, while yet another judge that same month reached the opposite conclusion in the regulator’s case against Terraform Labs Pte." That's not quite right. One judge ruled (perversely) that tokens were securities when sold to sophisticated investors but not when sold to unsuspecting retail investors (reversing the norms as to which requires more protection). One ruled they're securities, full stop. "Lawyers for the government responded that buying an item like a baseball card or a figurine doesn’t mean that someone is buying a stake in the enterprise that makes such items. But they said that wasn’t the case with tokens sold on Coinbase. “When they buy this token, they are investing into the network behind it,” SEC lawyer Patrick Costello said. “One cannot be separated from the other.”" Welcome to the world of fairies!

In a significant legal confrontation, #Coinbase is gearing up to challenge the U.S. Securities & Exchange Commission (SEC) in a federal court, contending that the regulatory body has exceeded its jurisdiction with respect to cryptocurrency trading. Discover the implications of this pivotal legal battle for the future of cryptocurrency trading. #CoinbaseVsSEC #CryptoRegulation

Here’s what’s poppin’: - 💸 Early BTC miners sell $69M worth after new ATH. - 🎉 ETHDenver 2024 attracts 20k, up 33%. - 💔 OrdiZK exit scams with $1.4M in ETH. - 💰 USDT market cap hits $100B. - 🤔 SEC queries BinanceUS's compliance. - ⚖️ ShapeShift settles with SEC for $275k. - 🛑 Jupiter on Solana compensates for trading issues. - 🔄 Do Kwon's extradition to US delayed. - 🛡️ Coinbase challenges SEC's default judgment use. - 🌉 Frax opens bridge to Fraxtal L2 network. - 🚨 WOOFi swap service exploited for $8.75M. - 📊 DeFi TVL exceeds $100B. - 🎵 Coachella partners with OpenSea for NFTs. - 🤝 Revolut & MetaMask introduce "Revolut Ramp." - 🚀 Grayscale launches active crypto fund GDIF. - 🌐 China proposes Web3 platform for Greater Bay Area. Subscribe now & receive these updates in your email, every weekday, for free

Are your crypto investments affected? The SEC is cracking down on staking services, alleging they're unregistered securities. This could impact MetaMask users and popular staking platforms like Lido Finance & RocketPool. Know more: https://shorturl.at/Qby7p For more such updates, visit VoiceofCrypto.online 🌐📰 #VOC #VoiceOfCrypto #CryptoNews #Crypto #SEC #MetaMask #Lido #RocketPool

UNI Price Soars 20% As Uniswap Labs Pushes Back Against SEC’s Wells Notice https://lnkd.in/d268uMbj #Cryptocurrency #News #crypto #Bitcoin #cryptonews #cryptocurrency #DeFi #news #NewsBTC #UNI #Uniswap #UniswapUNI #Uniswapanalysis #UniswapLabs #Uniswapnews #UniswapPrice #uniusd #UNIUSDT

Coinbase (NASDAQ: #COIN) Suffers Huge Blow In Its Legal Battle With SEC – Shares Rise 3% On Thursday https://lnkd.in/enrRzrkE @coinbase @brian_armstrong #Coinbase #NASDAQ #COIN #Crypto #Altcoins #Bitcoin $BTC #Ethereum $ETH #Solana $SOL #SOL #BTC #ETH #Tokens #Coins

A quick read on the current ecosystem within crypto. Next edition we will be trade oriented with a focus on Ethereum native assets. Feel free to DM me on Telegram with questions, comments, or concerns. https://lnkd.in/e5tDetyx