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Guess what day it is Folks? HUMPDAY! Yesterday, Coinbase got sued by the SEC; the price of Bitcoin is currently at $26,666.05. The fear and greed index snapped back to 53 and the best performing asset for the past 24 hours is $XRP down 0.79%; in position #6. The news cycle is being driven by the lawsuits against Coinbase and Binance. Let's dive into what is of importance.
Apparently no one was surprised by the SEC because Bitcoin quickly rebounded to above $27K but has not pulled back under $27K. Bitcoin and Ether trade at premiums on Binance.US as investors flee following SEC actions. Jack Dorsey triggers fresh spat between BTC Maximalists and ETH-Led Altcoin tribe. Bitcoin evangelist Joe Hall tells The Agenda why he thinks BTC will conquer the world.
Security or not, Ethereum price looks poised to hold the $1.8K level based on 3 key metrics.
What asset freeze? Binance BTC outflows muted as users shun panic selling. Binance.US to pause OTC Trading Portal, delist some trading pairs after SEC suit. Ex-Binance.US CEO Brian Brooks says CZ was ‘CEO of BAM Trading.’ Binance says it’s ‘different’ from other exchanges amid SEC lawsuit. Economics of Bitcoin ATM market could hinder wider adoption.
U.S. Lawmakers urge IRS and Treasury to hurry Crypto tax rules; this would be the wash sale rule. House hearing tackles non-financial use cases for Crypto. US Financial Services Committee sets date to discuss future of crypto. Yellen ‘very supportive’ of SEC and CFTC Crypto enforcement. The SEC says these Crypto assets are securities: Their reasoning is wrong.
The fight phase is on in full force as states join in with the SEC against Coinbase. SEC suing Coinbase is gucci because Coinbase isn't backing down, they said "We'll get the job done" and Binance.US says user funds are SAFU amid the SEC attempting to freeze assets; there are some nuances between these two lawsuits. The SEC crackdown could drive Crypto firms out of the US and unifies the Crypto community. U.S. court tells SEC to respond to Coinbase's rulemaking petition within a week. Coinbase CEO Brian Armstrong seeks to differentiate company from Binance in wake of SEC lawsuits. Pro-Ripple lawyer John Deaton exposes SEC’s lack of legal precedent in XRP case.
Apparently the hackers of the Atomic Wallets are moving Crypto through mixing service linked to North Korea.
WATCH
LISTEN
Podcast of the Day: 100M$ Fight for Crypto in D.C. with Ryan Selkis | Bankless
- SEC's Attack On Binance | What Does It Mean For Bitcoin & Crypto | Lawyer David Silver | TWOAS
- Ban By Enforcement: The SEC Sues Binance and Coinbase | The Breakdown
- BTC133: Creating a New Libor on Bitcoin w/ Jesse Shrader | Bitcoin Fundamentals
- Bitcoin Fixes This - AI Regulation w/ Svetski | Bitcoin Magazine
- #1208 Darius Dale | Bitcoin Is Falling Because Of China & Japan? | TPP
- Hedging Hashrate | Block Green | The Mining Pod
- SEC Sues Coinbase and Binance + Bitcoin Mining Update with Phil McPherson from Riot Platforms | TCBP
