Coinbase CEO predicts Bitcoin reaching multimillion-dollar prices as adoption continues

Coinbase CEO Brian Armstrong predicted that Bitcoin (BTC) will reach the “multiple millions price range” if countries begin implementing strategic Bitcoin reserves following the US. Speaking during an appearance on CNBC’s Squawk Box, Armstrong argued that institutional adoption, the approval of crypto-related exchange-traded funds (ETF) in the US, the potential approval of friendly legislation, and […] The post Coinbase CEO predicts Bitcoin reaching multimillion-dollar prices as adoption continues appeared first on CryptoSlate. дальше »

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Is Stellar the Next XRP? XLM Price Prediction and 10x Rally Potential

YouTuber DustyBc Crypto News has highlighted Stellar’s (XLM) performance and its promising outlook. The analyst noted similarities between Stellar and XRP but argued that XLM has untapped potential yet to be realized. дальше »

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VanEck CEO recommends investors to double down on Bitcoin as hedge in 2025

Jan van Eck, CEO of VanEck, has recommended that investors maintain or increase their exposure to Bitcoin (BTC) and gold in 2025 in the firm’s 2025 outlook report.   He argued that these assets are indispensable hedges against inflationary pressures, fiscal uncertainty, and global de-dollarization trends. дальше »

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Crypto’s identity crisis: Fed’s Daly says it’s no gold, needs its own definition

The debate surrounding the true nature of cryptocurrency continues to evolve, with San Francisco Federal Reserve President Mary Daly weighing in on the matter. In a recent interview, Daly argued that crypto should be considered its own distinct asset class, rather than being grouped alongside gold as is often the case. Defining crypto: more than […] дальше »

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IRS DeFi broker rule ‘absolutely should be challenged,’ says Uniswap CLO

Uniswap chief legal officer said the IRS DeFi broker rule "absolutely should be challenged," while a Consensys lawyer argued that the ruling was released on “the last Friday of 2024 in the middle of a holiday stretch on purpose.” дальше »

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MicroStrategy is a ‘desperate’ Ponzi scheme: analyst

Analyst Jacob King has labeled MicroStrategy’s Bitcoin-focused business model a “giant scam,” claiming it is unsustainable and destined for collapse. King, a contributor to the Whalewire newsletter, issued this critique of MicroStrategy in a detailed post on X. King argued… дальше »

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Chief of South Korean Stock Exchange says crypto should be institutionalized quickly

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto… дальше »

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Alabama state auditor calls to establish Bitcoin reserve

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space. дальше »

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Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […] The post Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea appeared first on CryptoSlate. дальше »

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Astrals NFT Lawsuit Ends With $11 Million Deal From Shaquille O’Neal

NBA Hall of Famer Shaquille O’Neal has given his nod to an $11 million settlement over the failed Astrals NFT project. Related Reading: Social Media Breach Hits Giggle Academy, Binance Founder Reacts O’Neal and his Astral NFTs co-creators were the respondents in a class suit filed last May 23, 2024. The plaintiffs argued that the […] дальше »

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US District Court dismisses Lido DAO’s claim of not being legal entity

The U.S. District Court for the Northern District of California has ruled against Lido DAO in a major case concerning its legal status.  The decentralized autonomous organization argued that it is not a legal entity and, therefore, immune from lawsuits.… дальше »

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Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing

The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing. дальше »

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No, BlackRock Won’t Ossify Bitcoin

Shinobi argued that the surge of institutional bitcoin adoption will lead to premature ossification of the Bitcoin protocol. While I share this concern to an extent, I am less convinced this is necessarily true. дальше »

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FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ

The FTX estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency. дальше »

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FTX Co-Founder Gary Wang Begs Judge For Freedom: Will He Escape Jail Time?

Gary Wang, FTX’s co-founder, has asked through his legal team for a non-custodial sentence in a memo filed last November 6th in connection with the United States v. Sam Bankman-Fried. The computer programmer argued that he should not serve jail time over his supposed involvement with the failed FTX since he was a key witness […] дальше »

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Binance challenges SEC lawsuit crypto classification in court motion

Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the US Securities and Exchange Commission’s (SEC) amended complaint. In a Nov. 4 court filing, Binance and Zhao’s legal team argued that the SEC has only superficially acknowledged a prior court ruling, which clarified that crypto is not inherently classified as a security. дальше »

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Binance, CZ file motion to dismiss SEC’s amended complaint

Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued. дальше »

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Rising Bitcoin Prices May Threaten Social Stability, European Central Bank Experts Warn

Economists at the European Central Bank (ECB) argued that Bitcoin primarily benefits early adopters while disadvantaging later investors and non-holders. The post Rising Bitcoin Prices May Threaten Social Stability, European Central Bank Experts Warn appeared first on BeInCrypto. дальше »

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Crypto market sentiment not as bullish as 'echo chamber' suggests, trader says

A crypto trader argued that it is easy for crypto market participants to be "convinced sentiment is one way or the other," while claiming that the sentiment is not "that bullish currently." дальше »

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Michael Saylor urges corporations to adopt Bitcoin for treasury strategy, predicts $13 million price within 21 years

MicroStrategy executive chairman Michael Saylor believes major corporations should consider adopting Bitcoin (BTC) as a key component of their treasury management strategy. In a recent interview on the Markets with Madison podcast, Saylor argued that by investing in Bitcoin instead of stock buybacks, companies could significantly boost their market capitalization and protect their reserves from […] The post Michael Saylor urges corporations to adopt Bitcoin for treasury strategy, predicts $13 million price within 21 years appeared first on CryptoSlate. дальше »

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U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says

A federal judge "erred" in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court. дальше »

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PEPE and WIF Holders, Be Careful! Memecoins Are at Crossroads, Next Few Days Crucial, Elite Crypto Analyst Warns

Miles Deutscher, a top crypto analyst, expressed his concerns regarding the current state of meme coins This affects holders of various meme coins including PEPE and WIF. He argued that the memecoin market is at a critical juncture, where it could either gain mainstream retail appeal or hit a local top. дальше »

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US and SEC back class-action suit against Nvidia in Supreme Court

The DOJ and the SEC said they have “strong interest" in the case and argued that the class-action lawsuit should proceed.

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Why did Caroline Ellison get such a light sentence?

Prosecutors and the defense alike argued Caroline Ellison should be sentenced to time served—and without her, the scale of Sam Bankman-Fried’s crimes may never have been uncovered. Caroline Ellison was a key member of Sam Bankman-Fried’s inner circle, turning into… дальше »

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Trial of Celsius founder Alex Mashinsky begins

Lawyers representing Alex Mashinsky have argued that he “did not intend to defraud or harm anyone” — and the claims he made in weekly videos to Celsius customers were done in good faith. What Celsius case is about? Celsius Network… дальше »

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SEC commissioners argue securities laws are unnecessary in Flyfish NFT case

SEC Commissioners Hester M. Peirce and Mark T. Uyeda criticized the regulator’s enforcement action against the Flyfish Club non-fungible token (NFT) collection. In a Sept. 16 letter, the commissioners argued that securities laws are not applicable in this case. дальше »

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Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder

Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKsync because it still operates like a multisig system despite claims of community-led governance. In a post on X (formerly Twitter), Yakovenko argued that the same “honest majority” assumptions apply to ZKsync because its system’s legal or technical control could easily fall under the jurisdiction […] The post Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder appeared first on CryptoSlate. дальше »

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Caroline Ellison seeks no jail for role in FTX collapse due to cooperation

Caroline Ellison, former co-CEO of Alameda Research, has requested no jail time for her role in the FTX collapse, according to a Sept. 10 court filing. Her legal team argued that her sentence should be limited to time served, followed by supervised release, because of her extensive cooperation with the authorities during Sam Bankman-Fried’s trial. дальше »

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DeFi is a 1st Amendment right, expert says at hearing

Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to… дальше »

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Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Salame's counsel argued in a filing that the government resumed investigating his domestic partner, ADAM CEO Michelle Bond, despite despite assurances that the investigation would cease if he cooperated. дальше »

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'Golden Boys' Move on CompoundDAO Wasn't a Governance Attack: Tally Protocol CEO

Sitting on the sidelines during the democratic process means you can't complain about the result, the CEO and co-founder of a DAO vote-counting protocol argued in an interview. дальше »

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Brands that don’t succeed in Web3 didn’t ‘jump into the water’

Qiibee CEO and founder Gabriele Giancola argued that brands must fully commit to Web3 to reap its benefits.

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Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S. дальше »

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Curve founder: Defi more exciting than markets realize

Talking with crypto.news, Curve founder Michael Egorov argued that defi’s ecosystem still holds the biggest value proposition over speculative trends like memecoins.  During the 2021 peak, sometimes called crypto summer, decentralized finance took the driving seat. Defi tokens surged to… дальше »

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Lummis slams Biden’s ‘disastrous proposal’ to tax Bitcoin miners in ‘orange paper’

Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme” and an “attack on innovation. ” She argued that such a high tax rate would stifle innovation and push mining operations overseas, undermining both economic and national security interests. дальше »

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ECB's Panetta Slams Bitcoin and Ethereum

The famed Italian central banker has argued that Bitcoin and Ethereum have no intrinsic value дальше »

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Blockchain Association objects to IRS broker rule in letter

The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.

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XRP Massive $5 Price Breakout Nears As SEC Slashes Ripple’s Proposed Penalty From $2 Billion To $103 Million

The SEC had demanded that Ripple pay roughly $2 billion in disgorgement, prejudgement interest, and civil penalties while the San Francisco-based fintech firm has argued for no more than a $10 million fine. дальше »

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XRP Lawsuit: Ripple Cites Terra Settlement To Make Strong Case Against SEC’s $2 Billion Request

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FTX creditor group files objection against bankruptcy reorganization plan

A group of FTX creditors led by Sunil Kavuri has objected to the reorganization plan filed by the defunct exchange’s bankruptcy managers. According to a June 5 court filing, the creditors argued that the plan failed the best interest test. дальше »

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Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.

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JP Morgan believes Solana and other crypto ETFs unlikely to secure regulatory approval

JP Morgan managing director and global market strategist Nikolaos Panigirtzoglou said ETFs for Solana (SOL) and other assets are unlikely to succeed. In a statement to The Block on May 27, Panigirtzoglou argued that the SEC’s recent decision to approve spot Ethereum ETFs is “already stretched. дальше »

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Genesis to return $3B to customers after court approves bankruptcy plan

Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in US value of assets as of bankruptcy filing in January 2023. дальше »

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Elon Musk's Key Reality Statement Argued by John Lennon's Son, Here’s What’s Important

Sean Lennon issued tweet that opposes major statement about nature of reality made by Elon Musk дальше »

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US senators challenge DOJ’s broad definition of crypto money transmitters

Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. дальше »

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SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

Coinbase hasn't successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday. дальше »

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Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Diss

At the Bitcoin For Corporations 2024 conference, Michael Saylor argued that only Bitcoin would remain an institutional asset, prompting a strong defense of Cardano by its founder, Charles Hoskinson. дальше »

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Community split on ENS petition against Unstoppable Domains patent

Some crypto community members argued against the petition, while others supported ENS’ move against Unstoppable Domains.

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Senator Lummis challenges DOJ’s stance on private crypto wallets

U.S. Senator Cynthia Lummis argued that the Department of Justice's position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law. дальше »

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Looking to buy Bitcoin? 'Perfect time,' says Arthur Hayes - But why?

Hayes urged aggressive investment amidst market decline. Hayes saw Bitcoin as a hedge amid negative real yields, despite skepticism. Well, the most argued topic in and around the cryptocurreThe post Looking to buy Bitcoin? 'Perfect time,' says Arthur Hayes - But why? appeared first on AMBCrypto. дальше »

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