SEC Clarifies What It Means for Crypto Assets to Be Securities
The U.S. Securities and Exchange Commission (SEC) has clarified the term âcrypto assets as securities.â The agency is attempting to resolve confusion surrounding its use in ongoing litigation against Binance.
The SEC issued an amended complaint highlighting that it does not consider crypto assets themselves to be a security. Rather, the term refers to the contracts, expectations, and understandings surrounding the sale and promotion of these assets.
What Does Crypto Assets Mean? Hereâs What the SEC Says
This clarification comes from the SECâs use of the term in previous cases, notably in Footnote 6 of its amended complaint against Binance. The SEC stated that while the term was useful as a shorthand, it could have inadvertently created misunderstandings.
Referring to its previous case, the Commission emphasized that the securities in question are not the crypto assets themselves, but rather the investment contracts tied to their sale and distribution.
âTo avoid any confusion, the PAC is no longer using the abbreviated term, and the SEC regrets any confusion it may have invited in this regard,â the court document reads.
Rippleâs Chief Legal Officer Stuart Alderoty reacted critically to the SECâs clarification, commenting on the agencyâs inconsistent stance.
âSo the SEC finally admits that 1/ âcrypto-asset as a securityâ is a made-up term and 2/ to prove that a âcrypto-asset as a securityâ is an investment contract, the SEC needs evidence of a set of âcontracts, expectations, and understandings,ââ Alderoty noted.
Read more: What is the Howey Test and how does it affect the cryptocurrency market?
The debate continues as critics argue that the SECâs stance has fostered legal uncertainty. John E. Deaton, a candidate for the US Senate from Massachusetts, added that âThe SEC loves the law to be vague,â reflecting frustration. #SECCrypto
Long-term Cardano (ADA) holders sell their tokens amid rising profits
Cardano (ADA) has defied the general market trend with an 11% increase in its price over the past week. With the price surge, transactions involving the altcoin have become profitable, prompting long-term holders to sell some of their coins.
Although profit-taking activity is ongoing, the 11th-ranked altcoin by market cap is looking to maintain its uptrend.
Long-term Cardano holders lock in profits
Transactions involving Cardano have generated significant gains over the past week, fueled by a double-digit price rally despite declines in the broader market.
On Thursday alone, the ratio of daily on-chain transactions in profit to loss has reached 1.53. This indicates that for every ADA transaction that results in a loss, 1.53 transactions have resulted in a profit.#AirdropGuide #IntroToCopytrading #TopCoinsSeptember #BinanceTournament" #BinanceTurns7 $ADA
Tap-to-Earn Games on Telegram Are the Future of Web3, According to These Investors
The rapid rise of tap-to-earn games on Telegram, powered by The Open Network (TON) blockchain, has attracted significant attention â and funding â from venture capitalists. Investors are placing substantial bets on Telegram tap-to-earn games like Notcoin, Hamster Kombat, and Catizen, seeing them as the future of Web 3.0 gaming.
But what exactly is driving these investment decisions, and how do investors view the future of tap-to-earn? BeInCrypto recently interviewed Animoca Brands, one of the largest TON validators, and Hashkey Capital, which has made significant investments and formed partnerships with Catizen.
Investors See Social Tap-to-Earn Experiences
Undoubtedly, one of the main reasons venture capitalists are drawn to Telegramâs tap-to-earn ecosystem is its large and engaged user base. With 950 million active users as of July 2024, the platform offers an unrivaled audience for developers looking to launch and scale games.
This type of organic reach dramatically reduces user acquisition costs, which is a major selling point for investors. Additionally, its crypto-native infrastructure sets Telegram apart from other platforms in the Web 3.0 gaming space.
Read more: Gaming, Blockchain, and Web3
The integration of the TON blockchain enables seamless transactions, reducing friction between the gaming experience and the userâs wallet. This ease of use is a huge draw for developers and investors alike. It allows for instant monetization without the hurdles typically associated with blockchain adoption:
âTelegram is one of the few platforms where Web3 mechanisms are built into the experience.The ability to move from gameplay to transactions
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Institutional Investors See Cryptocurrency As Inevitable, OKX Study Finds
Research commissioned by exchange OKX found that institutional investors see entry into the digital asset space as inevitable. The report cites a âgrowing consensusâ among institutional investors that digital assets such as cryptocurrencies, NFTs, and tokenized private funds are critical to asset allocations in portfolios.
Institutional interest in the crypto space continues to rise, partly inspired by the arrival of Bitcoin ETFs in the US, which brought BTC to Wall Street.
Institutional Investors See Digital Assets As Inevitable
The OKX report cited responses from TradFi titans such as Citi, Al Mal Capital, Skybridge Capital, and VanEck, among others. According to the study, institutional investors intend to increase their allocations to crypto, using a variety of investment strategies.
The low correlation between digital assets and traditional assets fuels institutional interest, making them valuable for diversification.
With the growing availability of investment vehicles such as ETFs and derivatives, institutions are increasingly optimistic about integrating digital assets into their portfolios.
âApproximately 51% of investors consider spot crypto allocations, 33% consider digital asset staking, and 32% consider crypto derivatives. 69% of institutional investors anticipated increasing their allocations to digital assets and/or related products over the next two to three years,â the report states.#Bitcoin #Binance #NFT #BNB #USDT $BNB $BTC $ETH
Buenos Aires integrates Ethereum and Solidity into its high school curriculum
The city of Buenos Aires has launched an innovative educational initiative in collaboration with the ETH Kipu Foundation, focused on teaching blockchain in high schools. Starting on August 27, students will have the opportunity to participate in internships in projects based on this technology.
This will allow them to acquire practical knowledge and key skills for an ever-growing sector. Experience in blockchain will give them a competitive advantage in a job market that increasingly demands specialization in emerging technologies.
Buenos Aires boosts Ethereum education with internships and technological initiatives
In addition to internships, an online Solidity course has been launched, aimed at 500 students over 18 years of age. This course seeks to prepare the next generation of decentralized application (dApp) developers, promoting the integration of blockchain technology into the local economy.
This type of training is expected to drive a new wave of innovation and development in Buenos Aires, boosting the technological ecosystem of the region.
Read more: Best Cryptocurrency Exchanges for Beginners
The plan also includes the hybrid training of 30 educators who will teach subjects related to Ethereum and blockchain. These teachers will receive specialized training, allowing them to guide students through the challenges and opportunities presented by this technology.
In this way, not only will young people benefit from the initiative, but teachers will also be better prepared to teach about blockchain, consolidating Buenos Aires as a city that is committed to technological education.
Ethereum and training in Buenos Aires: internships, courses and teacher training
The program is not limited to students, but also seeks to create an impact on the entire educational community.And
Cardano delays Chang hard fork to give crypto exchanges more time The long-awaited implementation of Cardano's Chang hard fork has been rescheduled for September.
The delay coincides with discussions involving Cardano founder Charles Hoskinson and a potential partnership with rival blockchain network Algorand.
Cardano's Chang hard fork postponed to September
On August 23, Intersect, a Cardano membership organization, announced the postponement of the Chang hard fork from August 27 to September 1. The team had previously stated that the launch date was tentative and dependent on the approval of the working group.
The delay gives exchanges and decentralized applications (DApps) additional time to complete the necessary updates. Intersect noted that this adjustment ensures that the ecosystem is fully prepared for this crucial milestone in Cardano's development.
âThis is a significant moment for Cardano as it marks the first time that a Cardano upgrade involves many community members and engineers from key entities in the decision-making process. This change in governance marks a radical shift in how we as a community make decisions. Now that Chang is imminent, the power of on-chain decision-making will be in the hands of the community, allowing every member to play a crucial role in Cardanoâs journey,â Intersect added.
While Intersect did not explicitly state the reason for the delay, Hoskinson revealed that it is due to some exchanges not being ready, particularly Binance.
âIt seems that Binance and a few others need more time to get their houses in order, so the rocket will wait on the platform, another time for the weather to improve. The next window for HF Chang, [is] September 1st,â Hoskinson explained. #Bitcoin #Binance #SEC #Ada. #USDT $ADA $BTC $BNB
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Bitcoin.org Celebrates 16 Years: Key Facts You Should Know
Bitcoin org, the website that introduced the world to decentralized digital currency, turns 16 today. Launched on August 18, 2008 by Bitcoin's enigmatic creator Satoshi Nakamoto and early contributor Martti Malmi, the site remains a key resource for anyone looking to learn about the origins and evolution of Bitcoin.
Here's a closer look at Bitcoin org's legacy, its role in the community, and some of the controversies surrounding it.
The Birthplace of a Financial Revolution
The creation of Bitcoin org marked the beginning of a movement that would redefine money. Registered anonymously on August 18, 2008, the website became the first public space where the concept of Bitcoin was shared.
In its early days, the site hosted the Bitcoin software and a brief description of how peer-to-peer electronic cash could work without a central authority â a radical idea at the time.
As the official introduction of Bitcoin to the world, Bitcoin org set the tone for the decentralized finance movement, fostering early adoption and growth of the network.
Information from the Bitcoin.org registrar. Source: who.is The iconic Bitcoin whitepaper
One of the most important resources hosted on Bitcoin org is the Bitcoin whitepaper, titled âBitcoin: A Peer-to-Peer Electronic Cash System.â Published on October 31, 2008, it outlines the founding concept behind the Bitcoin network. The document is surprisingly concise at just nine pages in length.
In it, Satoshi Nakamoto details a decentralized digital currency designed to facilitate low-fee transactions without relying on financial institutions or intermediaries. Instead of using a centralized server, Bitcoin operates through a peer-to-peer (P2P) network of connected nodes.
The paper also explains how the âProof-of-Workâ mechanism makes it nearly impossible to falsify the data.
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Discipline is not just doing what needs to be done when you feel motivated. It is the ability to maintain focus and commitment, even when things get difficult. It is getting up every day with the determination to move forward, to learn and to grow, no matter what obstacles arise.
Remember that success is not a destination, but a journey. Every small step you take, every task you complete and every lesson you learn contributes to your personal and professional growth. Discipline will allow you to build positive habits that, over time, will translate into significant achievements.
So, keep your vision clear, set achievable goals and work consistently. Discipline is the bridge between your dreams and reality. With every effort you make, you will be one step closer to achieving the success you desire.
Keep moving forward with determination and passion!
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