smith6572emily pfp

smith6572emily

@smith6572emily

199 Following
93 Followers
smith6572emily pfp
smith6572emily
@smith6572emily
He emphasized that while Europe has adopted the Markets in Crypto-Assets Regulation (MiCA) to protect investors, the United States continues to regulate crypto on a case-by-case basis depending on whether assets are classified as securities.
0 reply
0 recast
0 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
According to Panetta, the crypto ecosystem is under global regulatory scrutiny due to risks including money laundering and financial stability concerns.
0 reply
0 recast
0 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the firm behind the open-source Helium Network, just days before SEC chair and known crypto critic Gary Gensler steps down as chair on Jan. 20.
0 reply
0 recast
0 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
Rao noted that the top 10 holders own 89.06% of the supply, and there’s no clarity on the liquidity pool burn status. “Interestingly, the token was launched in an Asian morning time zone. It feels like this is just a way for Trump to make money,” he said.
0 reply
0 recast
0 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
Prediction markets work by letting users trade contracts tied to specific events, with prices fluctuating dynamically based on expected outcomes. Polymarket’s projected ETF listing odds increased to approximately 84% as of Jan. 2, according to its website.
0 reply
10 recasts
5 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
BPCE’s cryptocurrency subsidiary, Hexarq, has obtained a crypto asset service provider (CASP) authorization, according to an official AMF notice issued on Dec. 20.
0 reply
8 recasts
14 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Speaking on the Unchained Crypto podcast on Dec. 7, Digital Chamber president Cody Carbone said Trump may look to establish his control over the agency even further by nominating an independent to the five-person board — potentially making it a four-to-one ratio of Trump-aligned commissioners.
0 reply
1 recast
1 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
On Dec. 4, Trump tapped Atkins as his choice for the next chair of the SEC. Pundits expect Congress to confirm Atkin’s appointment sometime between March and April 2025, depending on how quickly the Senate Banking Committee can act.
0 reply
1 recast
1 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
It’s also possible for Trump to select Republican Paul Atkins to replace Crenshaw on the board.
0 reply
1 recast
1 reaction
smith6572emily pfp
smith6572emily
@smith6572emily
According to AUSTRAC, the task force will focus on ensuring crypto ATM operators meet minimum standards to negate the risk of illicit cash passing through the machines.
0 reply
2 recasts
15 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
In a Dec. 6 statement, Australian Transaction Reports and Analysis Centre (AUSTRAC) CEO Brendan Thomas said the government agency is shifting its focus to the cryptocurrency industry in 2025.
0 reply
1 recast
14 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Australia’s national financial intelligence agency flagged crypto as a priority for the year ahead and is creating a task force to crack down on crypto ATM providers that may be flouting Anti-Money Laundering laws.
0 reply
1 recast
13 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Despite concerns, Bitcoin remains a valuable asset for those seeking to escape traditional financial systems and for late adopters who may benefit from increased institutional and governmental adoption.
0 reply
1 recast
13 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
The collapse of these US banks in March 2023 sparked a bull run for Bitcoin, which climbed 26% from $21,900 to $28,054 in a week.
0 reply
1 recast
11 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Concerns arose over the US banking industry in March 2023 following the sudden collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Signature Bank was also forced to close operations by New York regulators on March 12, two days after Silvergate Bank’s liquidation.
0 reply
1 recast
10 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Historically, the Bitcoin price has benefited from troubles in the traditional banking industry. The 2023 US banking crisis was a catalyst for Bitcoin’s bull run last year, according to BitMEX co-founder and former CEO Arthur Hayes.
0 reply
1 recast
10 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
He added that in regions facing hyperinflation or restrictive banking policies, Bitcoin “offers a solution for financial inclusion and empowerment.”
0 reply
1 recast
7 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Early adopters and large whales still stand to gain the highest returns, but there is a wider opportunity for narrowing income equality in the process. Wo explained that “unlike traditional financial systems, Bitcoin provides anyone with internet access the opportunity to store and grow wealth independently of centralized banks or unstable local currencies.”
0 reply
1 recast
6 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
While the returns made by late adopters may not match the exponential return of the past decade, the growing institutional interest will help Bitcoin maintain its long-term price trajectory, Wo said.
0 reply
1 recast
5 reactions
smith6572emily pfp
smith6572emily
@smith6572emily
Telegram-linked blockchain platform, The Open Network (TON), saw significant growth in 2024, with Mini Apps like Notcoin and Hamster Kombat introducing many users to cryptocurrency.
0 reply
12 recasts
31 reactions