Chain News Daily Today TheBitTimes.com

Robert F. Kennedy Jr., in a tweet, said Bitcoin is not so bad for the environment. According to the environmental lawyer and presidential aspirants, environmental concerns shouldn’t affect the freedom to transact. RFK Jr. is one of the many presidential aspirants who are strong supporters of the crypto ecosystem. U.S. Presidential Aspirant Robert F. Kennedy Jr recently spoke out in support of Bitcoin, saying the cryptocurrency is “not so bad for the environment.” Reacting to an Analysis on Twitter, Robert F. Kennedy Jr, who is also an environmental lawyer, further said, “Environmental argument should not be used as a smokescreen to curtail freedom to transact.”  Interesting argument that bitcoin not so bad for the environment after all. At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact. #Kennedy24https://t.co/0BNbIJ9eoD — Robert F. Kennedy Jr (@RobertKennedyJr) July 30, 2023 Environmental con...

The SEC issued a notice on Friday, July 28, ordering all crypto platform providers to cease soliciting Nigerian citizens. The SEC restated a previous warning about a company named Binance Nigeria Ltd., which Binance had previously clarified was not associated with them. However, in the recent notice, the SEC specifically mentioned the crypto exchange’s website. The official announcement from the Nigerian SEC reads: advertisement The Commission again reiterates that the activities of Binance, https://www.binance.com and any such other platform through which the Company solicits investors is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public dealing with the entity, making such solicitation is doing so at his/her own risk. The Nigeria n SEC, as the regulatory authority responsible for investor protection, issues a warning to the public about the high level of risk associate...

Michael Saylor, Layah Heilpern and Steven Lubkha were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after stating that simply talking about Bitcoin (BTC) gives off Ken vibes. In the last 24 hours, the crypto community on Twitter, including Microstrategy's Michael Saylor and prominent Youtuber Layah Heilpern, showed a mixed response to Robbie’s statement about Bitcoin that she made in an interview with Fandango on June 22. #Bitcoin is Big Ken Energy. pic.twitter.com/ExFOGXsuJ9 — Michael Saylor️ (@saylor) July 28, 2023 Robbie revealed that every time she overheard her husband Tom Ackerley and television producer David Heymen discussing Bitcoin on set, it brought to mind the traits of Ken, the fictional co-star character in Barbie, portrayed by Ryan Gosling.  “When Da...

Join Our Telegram channel to stay up to date on breaking news coverage The US House lawmakers passed a regulatory framework for stablecoins, but bipartisan talks collapsed, jeopardizing its prospects of becoming law. The House Financial Services Committee voted 34-16 to approve the regulatory framework. But the decision was deeply divided along party lines, underscoring the tensions between Democrats and Republicans. Each side blamed the other for the lack of progress in the negotiations. House Financial Services Committee Chair Patrick McHenry, a Republican representing North Carolina, held the White House responsible for obstructing the negotiations. On the other hand, committee Democrats accused the Republicans of rushing the process without adequate consideration. Earlier in the day’s proceedings, Democrats raised objections to the vote and employed procedural tactics to slow down the process deliberately. They contended that Republicans should have exercised patienc...

The Securities and Exchange Commission previously rejected Grayscale’s ETF. Therefore it wants it and competing ETFs approved simultaneously to confirm that no one has an edge. To prevent one exchange-traded fund (ETF) from having an advantage, cryptocurrency fund manager Grayscale claims, Seeking approval for all from the Securities and Exchange Commission. Proposed spot Bitcoin BTC tickers down $29,194 ETFs simultaneously. Grayscale’s legal team sent a letter to the SEC addressing eight spot Bitcoin ETF registrations, including its own, stating that the agency shouldn’t choose “winners and losers” and should instead make a fair and orderly judgment, according to a post by Grayscale Chief Legal Officer Craig Salm on July 27. According to the letter, the SEC might approve the spot ETFs based on its approval of Bitcoin futures ETFs because the two fund types are “inextricably linked.” According to Gra...

Crypto research platform Kaiko on July 27 reported that XRP perpetual futures volume-to-open interest ratio remains above average on most crypto exchanges. It indicates speculative interest remains higher on XRP price. advertisement XRP Volume to open Interest Ratio. Source: Kaiko Read More: Ripple Partner Launches Internal Invoicing Solution, Can XRP Reach $1? XRP Is The Top Traded Altcoin Of 2023 CoinGape Media earlier reported that XRP is the top-traded altcoin of 2023, with trading volume rising after Judge Torres’ summary judgment ruling in Ripple vs SEC lawsuit. Altcoins such as Dogecoin (DOGE), Solana (SOL), and BNB are other top traded after XRP . In addition, the amount of XRP whale wallets holding 100 million+ coins is up to 199, matching the most wallets since May 13. Analysts even predict a 1000-2000% rally in XRP price as Ripple expands to other regions. Recommended Articles ...

Russia bypassed the U.S. sanctions by selling crude oil at a discounted rate to Saudi Arabia and China. The BRICS member Russia settled the crude oil deal by paying the Chinese Yuan and not the U.S. dollar. Countries around the world are barred from doing business with Russia due to its role in invading Ukraine. Also Read: BRICS: Warren Buffet Predicts the Future of the U.S. Dollar However, Saudi Arabia laundered the cheap Russian oil to Europe while its BRICS counterpart China laundered the oil to India. Other developing countries are benefiting from the U.S. sanctions as oil from Russia is now available at a cheaper price. The Gulf Cooperation Council (GCC) and other BRICS members are helping the Russian economy by purchasing oil at a lesser price. 🇸🇦 Saudi Arabia is buying Russian oil at record levels and laundering it onto the European market to evade US sanctions. pic.twitter.com/0uj8wSIpDE — Watcher.Guru (@WatcherGuru) April 11, 2023 BR...

In a Bybit lawsuit against its contractor, Singapore’s High Court recognized crypto assets as property capable of being held in trust.  Bybit accused its employee, Ho Kai Xin, of breaching her contract. The company claims she transferred over 4.2 million USDT to addresses she secretly owned. Additionally, she allegedly transferred fiat currency to her personal bank account. Judge Philip Jeyaretnam, presiding over the case in Singapore, stated that USDT could be held on trust like any other property . You might also like: Bybit expands to Cyprus with a newly granted license The judge cited a public consultation response by the Monetary Authority of Singapore (MAS). It affirmed the possibility of identifying and segregating digital assets, including holding them in a trust. Jeyaretnam further emphasized that a crypto asset holder has an incorporeal property right, recognized by common law as a thing in action and enforceable in court.  The Judge also cited a con...

Expert lawyers observe “mass exodus” of digital assets from Australia since mid-2022. Coinbase warns Australia of falling behind global counterparts in digital asset regulation. Crypto industry calls for urgent regulatory action in Australia during a public hearing on the Digital Assets bill. The public hearing conducted by the Economics Legislation Committee on the Digital Assets (Market Regulation) bill witnessed a fervent call from the crypto industry for urgent regulatory action. Coinbase Chief Policy Officer Faryar Shirzad’s resounding message was clear — Australia risks falling behind its global counterparts in the race to regulate digital assets. The @AuSenate Economics Committee is conducting an inquiry into the Digital Assets (Market Regulation) bill. Watch live from 10am Sydney time: https://t.co/FcAKjFr3lU pic.twitter.com/rnQsR4VPy4 — Senator Andrew Bragg (@ajamesbragg) July 24, 2023 Liberal Senator Andrew Bragg revealed the ...

Join Our Telegram channel to stay up to date on breaking news coverage The United States Internal Revenue Service (IRS) has made another move to combat possible crimes and tax violations using cryptocurrencies.  Earlier this week, the tax authority announced an initiative to investigate several crypto transfer methods, including privacy coins. Challenges With Tracking Privacy Coins This Far On June 30, the U.S Department of Treasury published a request for information which indicated that the IRS’ Criminal Investigation Division is searching for an investigative tool into several privacy coins. As the request shows, the Division calls for an interactive prototype with a graphic user interface that can help analyze blockchain-based transactions done with privacy coins. In the document, the IRS explicitly pointed out that several assets can be used as a means of evading tracking and oversight. Monero, DASH, Zcash, Grin, and others were some of the names it mentioned. It also h...

Also Read: Litecoin Halving Might Trigger A Sell-off; On-Chain Data advertisement XRP Lawsuit To Stretch More Ahead? US district judge Analisa Torres on 13 July announced that Ripple and the defendants did not breach securities law with XRP in the country. While it reportedly suggested that the XRP token is not a security. However, the commission in the recent filings of an ongoing lawsuit against Terraform Labs mentioned that its staff are considering the various avenues and intends to seek review over the decision. Pro XRP analyst, Mr.Huber laid out the possible options and outcomes in the XRP lawsuit ahead. He stated that there can be 4 different legal processes ahead i.e. Settlement, Motion to Reconsider, Interlocutory Appeal, and Regular Appeal. Read More XRP Lawsuit News Here… Settlement Recommended Articles Crypto Presale Projects For 2023 To Invest; Up...

Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too. Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray. The gag order against Sam Bankman-Fried was initially requested on July 20, when the U.S. government accused the FTX founder of attempting to interfere with a fair trial by publicly discrediting former business partner and witness Caroline Ellison in an interview with the  New York Times. In a July 22 letter to United States District Court Judge Lewis A. Kaplan of New York, Bankman-Fried’s lawyers Cohen & Gresser LLP denied the accusations but agreed to accept a gag order as requested. A gag order is a legal order often issued by a court to restrict informa...

Jul 22, 2023 at 09:00 // Price Author Coin Idol Ethereum (ETH) price Analysis on Coinidol.com. Ether reaches $1,800, but the current downtrend has reached bearish exhaustion. Ethereum Price Long Term Analysis: Bullish Ethereum (ETH) has declined and stabilized above the $1,800 support due to the presence of doji candlesticks. Moreover, it is trading between the moving average lines. Ethereum is trading below the 21-day simple moving average but above the 50-day simple moving average. At the time of writing, Ether is worth $1,894.20. Further downward or...

According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins. Satoshi Nakamoto mined the genesis block on Jan. 3, 2009, minting the first 50 Bitcoin (BTC) in history and kicking off what would become a billion-dollar industry centered around mining crypto. However, with a cap on Bitcoin supply, the fate of miners after the last coins are issued is unclear.  Bitcoin is created through mining, a process involving computer hardware to solve complex mathematical problems and verify transactions on the blockchain network. For their efforts, miners are rewarded with a predeter mined amount of BTC for each block of transactions. According to the Blockchain Council, more than 19 million BTC has been awarded to miners in block rewards, and according to Nakamoto’s white paper, only 21 million are available. Once this cap is reached, miners will no longer receive rewards for verifying transactions. Speaking to Cointelegraph, Nick Hansen,...