TL;DR Breakdown The U.S. is yet to make a decision on issuing a Central Bank Digital Currency (CBDC). The launch of FedNow aims to revolutionize payment infrastructure, enabling real-time transactions and increased system resilience. The digital financial ecosystem necessitates improved risk management to counter fraud and ensure consumer protection. The U.S. continues to navigate the uncharted waters of digital financial evolution, with Assistant Secretary for Financial Institutions at the Treasury Department, Graham Steele, underscoring the country’s measured approach to the idea of issuing Central Bank Digital Currencies (CBDCs). As he elucidated, the United States has yet to make a concrete decision about whether to introduce a CBDC. FedNow: Pioneering the future of instant payments Among the transformative innovations in the financial sector, the U.S. Treasury’s spotlight shone brightly on FedNow, a service from the Federal Reserve that is poised to redefine interbank payments. This game-changing service, operating 24/7/365, could enable U.S. depository institutions and U.S. branches of foreign banks to process transactions almost instantaneously. The aim is to enhance the U.S. payment landscape, bringing about greater efficiency, competition, and resilience….

TL;DR Breakdown The SEC has yet to decide on clarifying cryptocurrency regulations, despite Coinbase’s request. Coinbase’s petition sought clarification on classifying assets as securities and regulating digital native securities. SEC’s Chief Legal Officer, Paul Grewal, criticized the SEC’s false claims of no decision and refusal to commit to a deadline. In a recent development, the U.S. Securities and Exchange Commission (SEC) has yet to decide on clarifying new cryptocurrency regulations following a special request from Coinbase, the nation’s largest crypto exchange. In a filing on Tuesday, the Wall Street regulator stated that it had not determined its course of action regarding Coinbase’s petition for rulemaking. This comes in response to an order from Judge Cheryl Ann Krause of the U.S. Court of Appeals for the Third Circuit, who required the SEC to disclose whether it intends to deny Coinbase’s petition. The filing, made last year, sought clarification from the SEC on classifying assets as securities and regulating digitally native securities. Coinbase’s Chief Legal Officer, Paul Grewal, voiced his concerns on Twitter, emphasizing that the SEC persists in falsely claiming they…

TL;DR Breakdown Accusations surface on Twitter suggesting that Changpeng Zhao, CEO of Binance, is allegedly manipulating market dynamics to protect the Binance Coin (BNB) from price drops. Twitter users claim that Bitcoin is being sold off for USDT reserves, which are then aggressively invested in BNB, with a similar pattern seen with BUSD to suppress Bitcoin volatility. Zhao vehemently denies these allegations, labeling them as FUD (Fear, Uncertainty, and Doubt). The world of cryptocurrencies is no stranger to whispers, controversy, and conjecture. Recently, the community has been abuzz with claims regarding Binance‘s Changpeng Zhao, better known as ‘Zhao’, and the protection of his digital brainchild, the Binance Coin (BNB). Accusations range from the alleged manipulation of market dynamics to defend BNB from price plummets, to the undue influence on Bitcoin’s value. Zhao’s trading transactions under scrutiny In the labyrinthine alleys of Twitter, one user, @JW100x, brought forward an assertion that has ignited a flurry of speculation. The tweet suggested that Zhao, and by extension, Binance, had been executing a series of strategic transactions. These operations were allegedly designed to safeguard…

Contents hide 1 Monero Price Prediction 2023-2032 2 How much is Monero worth? 3 Monero price analysis 3.1 Monero price analysis: XMR returns to $136 3.2 Technical analyses for XMR/USDT 3.3 What to expect from Monero price analysis: 1-day charts 4 Monero Price Prediction 2023 – 2032 4.1 Monero Price Prediction 2023 4.2 Monero Price Prediction 2024 4.3 Monero Price Prediction 2025 4.4 Monero Price Prediction 2026 4.5 Monero Price Prediction 2027 4.6 Monero Price Prediction 2028 4.7 Monero Price Prediction 2029 4.8 Monero Price Prediction 2030 4.9 Monero Price Prediction 2031 4.10 Monero Price Prediction 2032 5 Monero Price Prediction by Industry Influencer 6 ​​Monero Overview 7 Monero Price History 8 More About the Monero Network 9 Reliable and confidential transactions 9.1 Positive Implications 9.2 Negative Implications 10 Conclusion Monero Price Prediction 2023-2032 Monero Price Prediction 2023 – up to $190.47 Monero Price Prediction 2026 – up to $638.64 Monero Price Prediction 2029 – up to $1,997.86 Monero Price Prediction 2032 – up to $5,887.57 This Monero Price Prediction will cover details about Monero, applications, price history, and factors…

TL;DR Breakdown Amazon Web Services (AWS) experienced a minor outage lasting around three hours, causing disruptions to various websites and services. Despite Ethereum’s heavy reliance on AWS hosting, the Ethereum network remained unaffected by the outage. The incident highlights the significance of cloud offerings in today’s digital age and underscores the need for robust infrastructure and contingency plans to mitigate disruptions. Amazon Web Services (AWS), the leading cloud service provider, experienced a brief but notable outage on June 13, causing service disruptions for numerous organizations. While the incident impacted major news organizations and websites, the Ethereum network remained resilient, unaffected by the disruption despite its heavy reliance on AWS for hosting its infrastructure. AWS first reported increased error rates and latencies in parts of the United States at 12:08 pm PDT, initiating investigations into the issue. The outage lasted for approximately three hours, leaving mainstream news organizations, including the Associated Press, unable to publish articles during that time. Ethereum network unscathed despite heavy reliance on AWS hosting Evan Van Ness, an advocate for the Ethereum network, observed the situation and…

TL;DR Breakdown The release of the Hinman Papers provokes lively commentary and adds an exciting twist to the Ripple vs. SEC battle, with one name raising eyebrows – Vitalik Buterin. The SEC’s Office of General Counsel (OGC) suggested deleting the draft’s language around ETH. Stuart Alderoty, Ripple’s Chief Legal Officer, has called for a probe to provide light on the factors that influenced Hinman’s decision-making. The long-awaited Hinman documents have been released, and Ethereum co-founder Vitalik Buterin has a significant role to play. According to reports, Vitalik Buterin was involved in the process that resulted in the infamous Hinman speech, which provided ETH alone with a special clarity of not being a “Security” and revealed the newest documents.  The recently released emails and speech drafts, which were made public following an 18-month investigation and repeated court orders, provide critical insights into the behind-the-scenes elements of Hinman’s declaration. Judge Torres assessed that the documents should be made public less than a month ago. Hinman documents unsealed – Here’s all there’s to know According to newly released documents including revisions to a…

New cryptocurrencies and crypto projects have been popping up in recent months. From meme coins to AI-powered tokens, there is something for everyone. Cryptocurrency is brimming with projects that receive significant attention on social media and garner devoted followers. Occasionally, a project can generate substantial profits, while in other instances, certain coins may become fraudulent schemes or exit scams.  After Big Eyes Coin’s (BIG) very own Kitty Cuddlers’ exciting June 3 presale finale, a grand launch is scheduled for 15 June 2023. Its venture into the Online Casino and P2E arena has also gained wide traction, propelling the excitement levels to astronomical heights. News of its coveted listing on the legendary centralized exchange (CEX), Poloniex, has most definitely sent waves of excitement through the crypto community. BIG has also forged partnerships with esteemed decentralized exchange (DEX) firms like OKX and Uniswap. Screenshot 3134 During its first presale phase, it has presented its community with incredible gems, from its Big Eyes Lootbox Trading Cards to its incredibly profitable promo codes. As of this writing, Big Eyes Coin amassed a jaw-dropping $38.5 million…

TL;DR Breakdown Gary Gensler, Chair of the SEC, has confused the cryptocurrency industry by not classifying cryptocurrencies as securities. Gensler previously distinguished between ICO tokens and established cryptocurrencies, stating that the former needed to meet securities criteria. Gensler’s silence on ether’s status and past comments have raised questions about its classification as a security. In a recent turn of events, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), finds himself caught in a web of ambiguity surrounding classifying cryptocurrencies as securities. His stance on the matter has shifted, leaving industry players perplexed and fueling ongoing legal disputes. Gensler, known for his expertise in cryptocurrency regulation, previously clearly distinguished between tokens issued through initial coin offerings (ICOs) and established cryptocurrencies such as bitcoin, ether, Litecoin, and bitcoin cash. He stated multiple times that the latter group needed to meet the criteria for securities. However, Gensler’s recent silence on ether’s status has raised questions, especially considering his past comments. During a 2018 institutional crypto conference at Bloomberg’s headquarters and his cryptocurrency course at the Massachusetts Institute of Technology (MIT),…

Contents hide 1 The judge in the SEC/Binance matter just issued a new order, trying to broker a compromise 2 US dollar dominance at risk 3 Jack Dorsey believes technology like Nostr and Bitcoin is the most important way to protect freedom 4 Bitcoin balances on exchange deplete 5 Apple threatens to remove “Damus” from App Store 6 Adoption to skyrocket if crypto survives the regulatory storm 7 The Bank of China has just issued tokenised securities on Ethereum 8 Polygon announces version 2.0 9 eToro delists MATIC and other tokens flagged as securities by the SEC 10 Vitalik Buterin was exposed for engaging with the SEC before Hinman’s speech 11 Coinbase invited to apply for a licence in Hong Kong 12 Website inscribed on Bitcoin 13 Atomic Wallet hackers deposit $40k in null contracts The judge in the SEC/Binance matter just issued a new order, trying to broker a compromise SEC/Binance Newsflash The Judge in the SEC/Binance matter just issued a new order, clearly trying to broker a compromise with a temporary consent decree pertaining to Binance-related assets in…

SEC Hinman email release summary 1/25 SEC Hinman email release summary: -Not a big impact to the $XRP case.-Decently positive for $ETH.-Nuance puts Gensler in a corner. Let’s recap the Hinman speech and I’ll explain why this is damning for Gensler’s position! pic.twitter.com/Ca4ljiJYZr — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 3/25 Hinman’s guidance in his speech certainly went beyond the scope of Howey by attempting to understand the nuanced intent of users vs investors – as well as trying to ask the question of ‘morphing’ this concept of can something be a security and then later not a security. — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 4/25 (Which caveat, I think we can derive from Howey itself but that’s another thread) But, Hinman was so focused on this idea of “morphing” that he wanted that to be the initial name of the speech. pic.twitter.com/Ctq0Z7REz0 — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 7/25 Then Hinman points out something Gensler has seemingly forgotten: “In Howey, orange groves did not become a security, even though the sale of the future…