Connect with us
[crypto-donation-box]

Blockchain

Ripple Hires New Lawyer To Defend CEO Brad Garlinghouse In The Ongoing SEC Case

Republished by Plato

Published

on

Ripple Board Hires Former Regulatory Expert For JPMorgan To Provide Counsel For The Company’s Next Phase

Advertisement &  & 

As part of the ongoing legal battle with the Securities and Exchange Commission, Ripple has onboarded a new attorney to help defend CEO Brad Garlinghouse.

Nicole Tatz, an attorney from Cleary Gottlieb Steen & Hamilton LLP, has joined Ripple to represent the interests of Garlinghouse, according to Criminal Defense lawyer James. K. Filan. She specializes in litigation and enforcement at her firm with experience in financial reform.

Tatz’s move to Ripple comes as her new employer grapples with a lawsuit brought forward by the U.S. SEC. The lawsuit, filed in December 2020 against Ripple, alleges that the San Francisco-headquartered blockchain payments firm and its top executives collectively sold over $1.3 billion worth of unregistered securities in the form of the XRP token to the public.

The lawsuit is still in the discovery phase, with Ripple recently filing a motion requesting data on XRP transactions made on 15 offshore exchanges to prove that a majority of the tokens were sold to non-US citizens. With the request, Ripple is hoping to prove that it did not breach any U.S. laws by offloading XRP. Whether the court will approve the motion is anyone’s guess, but it could be a big win for Ripple if it’s allowed to access the exchange information. 

Is The New Addition To Ripple’s Team Really A Good Thing?

Unsurprisingly, some Twitter users believe the new hire might not be a good sign. They suggest that adding another lawyer means the case is getting an extension of time. In other words, a settlement is not likely and the case will drag on through the coming months.

Advertisement &  & 

Others, however, posit that she will be a great asset for Ripple given her solid background.

Perhaps worth pointing out is the fact that while Ripple is welcoming a new attorney to defend Garlinghouse, one of SEC’s lawyers recently withdrew himself from the SEC.vs Ripple case and the agency at large. Dugan Bliss, who had been working with the SEC for roughly 10 years, revealed his departure plans in late May.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/ripple-hires-new-lawyer-to-defend-ceo-brad-garlinghouse-in-the-ongoing-sec-case/

Blockchain

F*CK ELON: Max Keiser & Stacy Herbert To Host a Bitcoin Maximalist Party

Republished by Plato

Published

on

“Let fury have the hour, anger can be power. Do you know that you can use it?” — The Clash

Max Keiser and Stacy Herbert (Keiser Report, Global Insurrection Against Banker Occupation, Orange Pill Podcast) will rage against the clampdown, live from the Spider House in Austin Texas on 8 July.

“Bitcoin is eating the world. It’s time to party. I’m pumped,” said Keiser, hot off his viral performance at Bitcoin 2021.

“We punch up!” said Herbert.

“Fuck Elon! We’re bored of the FUD and the shitcoins. Elon and other fiat billionaires need to learn that you don’t fix Bitcoin, Bitcoin fixes you. We’ve seen it all since Bitcoin was $1. Fuck those working for the clampdown! Bitcoin is freedom. Bitcoin is relentless optimism,” added Herbert.

From the funky depths of the Canadian West, Stickybuds will also be breaking out of the northern gulags and heading south to get the party going.

Renowned for his skills on both the turntables and in the studio, Stickybuds has become one of Western Canada’s finest exports, performing live in over 25 countries and growing. His ever-impressive list of touring accolades includes acclaimed venues and festivals such as Burning Man, Shambhala, Envision, “We Love Space” Ibiza, Boomtown, and Glastonbury Festival.

The Bitcoin Reckoning

While the billionaires and their kleptocratic cronies have been pushing back on freedom-enabling Bitcoin, a reckoning is coming that Keiser and Herbert have been reporting on for years.

“Bitcoin’s rules – the consensus-protocol algorithm that runs Bitcoin’s global monetary network- exist outside the current banking system and requires no state to legitimize its existence,” Keiser said.

“El Salvador made Bitcoin legal tender and this is forcing the world to play by Bitcoin’s rules. This is the game theory baked into the protocol.”

“Countries like El Salvador are realizing they can challenge the IMF and the global banking cartel and achieve monetary sovereignty with this new global, decentralized monetary network that encrypts and secures private property without needing a bank or the permission of any state,” added Herbert.

Bitcoin Magazine will be joining the show as the exclusive media sponsor, facilitating a live stream of the show and giving away four tickets to Bitcoin 2022.

Details

Join Max and Stacy in Austin, Texas to kick off a tour of rage, comedy, insight, and celebration.

Max and Stacy will be joined by Stickybuds and other special guests with the first-come-first-serve BBQ. So get your elbows out and prepare to get hot and sticky in Austin.

8 July, 5 pm till late at Spider House, Austin, TX.

Grab a ticket now here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/fck-elon-max-keiser-stacy-herbert-to-host-a-bitcoin-maximalist-party/

Continue Reading

Blockchain

MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

Published

on

Table of Contents

Rate this post

Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

Continue Reading

News

Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

Avatar

Published

on

By

Share some Bitpinas love:

Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

Share some Bitpinas love:

Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

Continue Reading
Blockchain5 days ago

GSA To Add Litecoin For The First Time In Upcoming Cryptocurrency Auction

Uncategorized5 days ago

The World Bank wants no part in El Salvador’s Bitcoin revolution

Uncategorized5 days ago

Healthcare: A trillion dollar opportunity for blockchain?

Uncategorized2 days ago

Sichuan Shutdown Order Cripples Chinese Bitcoin Mining Pools

Blockchain5 days ago

Maiar, The Money App Powered By The Elrond Blockchain, Adds Bitcoin

Blockchain5 days ago

Decentral Games: Next gen blockchain entertainment platform

Blockchain2 days ago

Coin Cloud Set to Operate 2000 Crypto Kiosks This Year

Blockchain4 days ago

Global Financial Indexes Provider MSCI Plans to Launch Crypto Indexes

Blockchain4 days ago

Paraguayan Official Confirms: In July We Legislate Bitcoin

Blockchain4 days ago

Ethereum On-Chain-Analyse: Interesse trotz Drop groß

Blockchain4 days ago

This Bitcoin HODLer Metric Has Just Flipped Green For The First Time In 8 Months – Here’s What This Means

Blockchain4 days ago

U.K’s crypto-users are growing in number, but do they even understand the asset class?

Blockchain4 days ago

Call of Duty Warzone Season 4: Satellite Crash Sites, Red Doors

Blockchain4 days ago

The End of NFTs? NFT Sale Transaction Volume Down 95% Since Early May

Blockchain4 days ago

WAVES Technical Analysis: Price Can Move Either Ways

Blockchain3 days ago

Tezos, Algorand, Zcash Price Analysis: 19 June

Uncategorized3 days ago

When does Naraka: Bladepoint release?

Blockchain5 days ago

ZoidPay brings crypto shopping to Amazon, Walmart, eBay, and 40 Million other online retailers

Blockchain2 days ago

What governments don’t realize is going to happen with Bitcoin

Blockchain3 days ago

Top DeepMind AI Products Revolutionizing The World

Trending