Blockchain Founders Fund’s Post

🚨 Top Blockchain News of the Week: 22nd June 2024 🚨 1. Political #memecoins like Super Trump, Maga, Jeo Boden, and Doland Tremp are expected to experience volatile price movements during and after the #TrumpBiden debate on June 27. 2. The #SEC has dropped its investigation into #Consensys, confirming no charges will be brought against #ETH for being a security. This decision brings relief to #Ethereum developers and participants, marking a major regulatory win for the blockchain ecosystem. 3. #Bitcoin's price dropped by 3.5%, continuing a downward trend over the past two weeks. The decline is attributed to the #German government's sale of $325M worth of Bitcoin, confiscated from a movie piracy website, causing #market volatility. 4. #Bitwise's updated filing for its spot #Ether ETF reveals that #Pantera Capital is considering a $100M investment. This significant potential buy-in reflects growing institutional interest in Ether-based #ETFs. 5. The U.S. Treasury Department's Financial Crimes Enforcement Network flagged increased use of #cryptocurrencies, including #Bitcoin, #Ether, #Monero, and #Tether, by Mexican cartels to buy fentanyl ingredients. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 30th December 2023 🚨 1. #Japan's Cabinet proposes to scrap corporate tax on unrealized #crypto gains, aiming to boost the country's #Web3 industry. This move, pending parliamentary debate, seeks to eliminate a #tax discrepancy and stimulate economic reform. 2. #Catalyx, a Canadian crypto #exchange, halts all trading and withdrawals after a #security breach resulting in the loss of customer #funds, with suspicions of employee involvement. An #investigation is underway. 3. The Reserve Bank of #India reinforces its stance against legalizing #cryptocurrencies, citing no economic benefit and potential risks to macroeconomic stability. Instead, it advocates for #CBDCs as a safer alternative. 4. #BlackRock updates its #SEC filing for a spot bitcoin #ETF, notably naming Jane Street and JPMorgan as authorized participants. This move signals a potential final push for regulatory approval, with a decision expected early January. 5. #US prosecutors believe there's insufficient new evidence for a second trial against Sam Bankman-Fried, former #FTX CEO, following his #fraud conviction. The focus now shifts to the March 28, 2024 sentencing. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 6th January 2024 🚨 1. The SEC's acceptance of 19b-4 amendment filings from major asset managers for spot Bitcoin ETFs signals a significant step towards potential approval, hinting at increased crypto adoption in the U.S. and globally. 2. Celsius, amidst restructuring, plans to unstake $470M worth of Ethereum, stirring market concerns. This move aims to distribute assets to creditors and offset restructuring costs, impacting a significant portion of ETH awaiting withdrawal. 3. The founder of Taiwan's ACE Exchange was arrested for alleged fraud involving false crypto ads, with police seizing assets over $6.4 million. ACE clarifies the founder ceased daily operations in 2022 and is aiding the police as a witness. 4. Mango Markets, hit by a $100M heist in 2022, faces U.S. regulatory inquiries. Its governing body considers appointing a legal representative amid Avi Eisenberg's upcoming fraud trial. 5. Visa introduces a web3 loyalty platform, allowing brands to create immersive customer experiences with features like AR treasure hunts, gamified rewards, and customizable crypto wallets for tailored engagement and rewards. Check here for more information: https://lnkd.in/dh_Xfiae #web3 #blockchain #founders #vcfunding #startups #founders #crypto #technology #community #innovation

Bitcoin Gets The SEC’s Spot Tick – But Caveat Emptor! https://lnkd.in/eGS4e46K The Securities and Exchange Commission has for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. Now much is resting on the concept that the futures market has already brought crypto assets sufficiently into the financial mainstream. The SEC was frankly bounced into this decision in response to the loss of some critical legal cases, and puts Bitcoin ever closer to existing financial services players. This does not necessarily mitigate risk. SEC Chair Gary Gensler said “While we approved the listing and trading of certain spot Bitcoin ETP shares today, we did not approve or endorse Bitcoin,”. “Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto.” Crypto zealots have for years argued that a so-called spot fund that invests directly in Bitcoin would be beneficial to investors and would help bring the industry closer to the more highly regulated world of traditional finance. It also suggests a sort of milestone of maturity for the relatively nascent industry, where skirmishes with regulators came to a climax after the collapse of Sam Bankman-Fried’s FTX empire highlighted risks lurking in the industry. But of course, by definition, the mainstream approval this represents cuts right across the original ideology of Bitcoin already compromised by the significant use of derivatives, and becoming ever more controlled by large financial institutions and regulators. Even after Gensler went to such lengths to say that the SEC wasn’t giving any seal of approval to Bitcoin, the odds remain that this will expose many more people to crypto’s risks and opportunities. So Caveat Emptor! Let The Buyer Beware! https://lnkd.in/g3P5Nmmb Go to the Walk The World Universe at https://lnkd.in/gFYzZZHe

🚨 Top Blockchain News of the Week: 30th December 2023 🚨 Happy New Year Post 💥💯 1. Japan's Cabinet proposes to scrap corporate tax on unrealized crypto gains, aiming to boost the country's Web3 industry. This move, pending parliamentary debate, seeks to eliminate a tax discrepancy and stimulate economic reform. 2. Catalyx, a Canadian crypto exchange, halts all trading and withdrawals after a security breach resulting in the loss of customer funds, with suspicions of employee involvement. An investigation is underway. 3. The Reserve Bank of India reinforces its stance against legalizing cryptocurrencies, citing no economic benefit and potential risks to macroeconomic stability. Instead, it advocates for Central Bank Digital Currencies as a safer alternative. 4. BlackRock updates its SEC filing for a spot bitcoin ETF, notably naming Jane Street and JPMorgan as authorized participants. This move signals a potential final push for regulatory approval, with a decision expected early January. 5. US prosecutors believe there's insufficient new evidence for a second trial against Sam Bankman-Fried, former FTX CEO, following his fraud conviction. The focus now shifts to the March 28, 2024 sentencing. Check here for more information: https://lnkd.in/dh_Xfiae #web3 #blockchain #founders #vcfunding #startups #founders #crypto #technology #community #innovation

#USA #America #CryptoWar #Cryptolawgy #CryptoLaw #CryptoRegulations #Update #Walmart #Googleplaybooks #AmazonBook In this issue, we delve into the tumultuous landscape of the crypto space in the United States, at a crucial period marked by fierce legislative battles in the Senate and accusations of regulatory overreach against the SEC. The ongoing chaos in U.S. regulatory actions reveals that the so-called war on crypto is, in fact, a war the U.S. is waging against itself. #OverviewoftheCryptoMarketintheUS The U.S. crypto market is a paradox. It remains one of the largest in the world, with significant adoption rates, despite the regulatory uncertainties. #InterestingFactsAboutCryptointheUS Cryptocurrency in the U.S. has not only been a financial phenomenon but also a political tool. The politicization and weaponization of crypto have seen it become a topic of intense debate. #KeyDataofCryptointheUS Approximately 16% of Americans use or hold cryptocurrencies. The U.S. crypto market capitalization stands at around $2 trillion. #GovernmentCryptopolicy Biden Executive Order of 2022 outlines priorities such as consumer protection, financial stability, and mitigating illicit finance risks while fostering innovation. #CurrentLawsandRegulations The U.S. currently lacks a comprehensive legal framework for cryptocurrencies. The SEC has taken a prominent role, often accused of regulatory overreach and abuse. Legal battles continue to rage with the debate about whether cryptocurrencies should be classified as securities or commodities. #LeadingExchangesandGlobalBans Leading U.S. exchanges like Coinbase and Kraken continue to operate under intense SEC scrutiny. Meanwhile, some global exchanges have faced bans or restrictions. #TheRecentBTCETFandItsImplications The approval of Bitcoin ETFs marks a significant milestone, providing investors with new avenues to gain exposure to BTC. #TheOutcomeoftheRipplevsSECCase The Ripple vs. SEC case has been pivotal, with Ripple arguing that XRP is not a security. The outcome of this case sets a precedent for how other cryptocurrencies are regulated. #Taxation The paradox of taxing cryptocurrencies without clear legal definitions persists. The IRS taxes crypto under the capital gain. #TheFutureofCryptointheUS As the global landscape evolves towards broader adoption and dedollarization, the future of crypto in the U.S. remains uncertain. Legislative clarity and regulatory adaptation are crucial for the U.S. to remain a leader. The battle for crypto regulation in the U.S. is far from over. U.S. crypto users and companies must navigate challenges to harness the potential of digital assets. The race for global crypto regulation leadership is on. #CryptolawgybookintheUS Avaible in the US at various distributors such as Amazon, Walmart, Googleplaybooks, Applebooks in ebook, and paperback versions https://shorturl.at/zrZcR Thank you for your support and happy reading!

The simmering tension between the U.S. Securities and Exchange Commission (SEC) and Ethereum has reached a boiling point. With the SEC investigating Ethereum's shift to proof-of-stake and mulling over its classification as a security, the future of this major cryptocurrency hangs in the balance. The SEC's focus on Ethereum isn't entirely new. The regulatory body has long been grappling with how to classify #cryptocurrencies, with #Bitcoin generally considered a commodity overseen by the Commodity Futures Trading Commission (CFTC). However, Ethereum's unique features, particularly its pre-sale structure and the role of validators in its proof-of-stake model, have raised questions about its potential classification as a security. The SEC seems particularly interested in Ethereum's transition to a proof-of-stake model in September 2022. This shift, which replaced energy-intensive mining with a system where validators stake their ETH to secure the network, has sparked concerns within the SEC that Ethereum might resemble an investment contract. Ripple CEO Weighs In: A Win for Ethereum? Adding fuel to the fire, Brad Garlinghouse, CEO of Ripple, a company that was previously embroiled in its own legal battle with the SEC over its XRP token, recently made a bold prediction. He believes the SEC will ultimately lose its war against Ethereum's classification as a non-security, saying on Twitter/X that the SEC "will lose the war against ETH just as the lost against XRP." Ripple was successful in its battle against the SEC – Manhattan's U.S. District Judge Analisa Torres delivered a partial victory for Ripple, ruling that XRP sales on public exchanges did not constitute unregistered security offerings. Further bolstering Ripple's position, Judge Torres later rejected the SEC's attempt to appeal this specific ruling. The SEC's classification of Ethereum as a security would have far-reaching consequences. It could subject Ethereum to stricter regulations, potentially impacting its development, trading, and overall market performance. Additionally, it could create uncertainty for other proof-of-stake cryptocurrencies and hinder innovation within the blockchain space. The outcome of the SEC's ongoing scrutiny of Ethereum remains unclear. There's a possibility the SEC might back down, following Garlinghouse's prediction. Alternatively, they could pursue a formal classification process, potentially leading to a lengthy legal battle.

In a major blow, a federal appeals court rejected the SEC's reasoning for blocking Grayscale's bitcoin trust from converting to an exchange-traded fund (ETF) Learn more: https://lnkd.in/gPDsJ6JW Follow us for latest news! https://lnkd.in/gV5A3Wvg #Web3 #Blockchain #Crypto #NFT #Metaverse #SecurityToken #Defi #DigitalAsset #STO Founded in 2017, Coinstreet is an award-winning professional advisory and consulting firm in the Digital Asset sector, covering four key business segments including : (1) TOKENIZATION BUSINESS – Digitized Securities & Security Tokens (STO); (2) ASSET MANAGEMENT – Custodian, DeFi, Investment Funds; (3) WEB3, METAVERSE & UTILITY TOKENS – NFT, Stablecoin, Loyalty Tokens; and (4) ECOSYSTEM DEVELOPMENT – Education, Awards, PR, Events, Marketing. Follow us - https://lnkd.in/gV5A3Wvg

#CFTCChair, #RostinBehnam, emphasizes the urgency for #legislative intervention in the booming #cryptocurrencymarket. Advocating for the #FinancialInnovationandTechnology for the 21st Century Act, #Behnam aims to enhance #CFTC oversight and safeguard #investors amidst surging #crypto values. As #Bitcoin hits record highs, the debate over #regulatoryframeworks intensifies. The proposed legislation faces hurdles, but its potential impact on #cryptoregulation and #financialstability is undeniable. #cryptonews #blockchainnews #FinancialInnovation #Cryptocurrency #SEC #Congress https://lnkd.in/gmtJfgak

Dear LinkedIn Community, The crypto market in early March 2024 is demonstrating both promising trends and challenges, reflecting its dynamic nature. The latest crypto news highlights key developments at the beginning of the month. Crypto News Highlights: Markets Maintain Bullish Run Coinbase stocks garnered attention from Citron, a prominent short-selling investment research firm on Wall Street. This development comes amid technical challenges and turbulent price fluctuations of Bitcoin earlier this week. During a brief outage on February 28, Coinbase users reported zero account balances while buying and selling digital assets. However, Coinbase swiftly guaranteed the security of all user balances and resolved the issue within hours. What else is making headlines in the crypto news flow? New Development on Behalf of the SEC in Kraken Case Eight state attorneys general in the United States asserted that the Securities and Exchange Commission (SEC) overstepped its authority in the action against crypto exchange Kraken. According to the filing, state officials clarified that they do not support either side but oppose the SEC's regulation of crypto assets without investment contracts, as Congress did not grant the SEC this jurisdiction. Elon Musk Sues Sam Altman In another news development making waves in crypto and global markets, Elon Musk has filed a lawsuit against Sam Altman. Elon Musk alleges a violation of their non-profit agreements. According to a recent petition filed in the California Superior Court for San Francisco County, Musk claims that OpenAI's collaboration with Microsoft deviates from the organization's goal of advancing open-source artificial general intelligence (AGI) for the benefit of humanity. Bitcoin Faces Market Correction Investors withdrew a record-breaking $598.9 million from Grayscale's spot BTC ETF, leading to a decline of over 3% in Bitcoin value from its peak on February 29. Bitcoin reached a 24-hour high of $63,585 in early February 29 before dropping to just below $61,500, marking a decrease of approximately 3.3%. However, Bitcoin has shown signs of rebounding. According to Farside Investor statistics, asset managers experienced a net outflow of $600 million from the Grayscale Bitcoin Trust (GBTC) on February 29. For more details and insights on the standout developments in the crypto world this week, read the full article first published on CoinNET: [Kripto Para Haberleri: Haftanın Öne Çıkan Gelişmeleri](https://ift.tt/Rv53AJY) #crypto #cryptocurrency #bitcoin #blockchain #finance #investment #marketupdate