2024-04-19

Author

Fernando Fierro
April 19, 2024

Howdy folks,

Today's main story is about the escalating legal drama between Ripple Labs and the SEC.

The dispute over whether XRP should be classified as a security could soon reach the Supreme Court. 🏛️

This follows a significant ruling in the Coinbase case that favored the SEC, intensifying the battle over cryptocurrency regulation.

Industry insiders, like former SEC official Ladan Stewart, are not expecting the SEC to back down, marking a potentially landmark case that could set precedents for the entire space.

In other news:

📉🏧 JPMorgan has dampened the Bitcoin community's excitement for the upcoming fourth BTC halving.

While many hope for a bull run, JPMorgan analysts suggest that the market has already priced in potential gains, expecting instead a price retraction.

With contrasting opinions from Bitwise expecting a sluggish but ultimately bullish outcome, the crypto community remains on edge as the halving approaches.

🚀👨‍🚀 Tether is setting its sights way beyond stablecoins, with CEO Paolo Ardoino spearheading the company’s dramatic transformation into a tech powerhouse.

With new divisions focused on Data, Finance, Power, and Education, Tether aims to pioneer developments in P2P technology, AI, and sustainable Bitcoin mining, while continuing to dominate the stablecoin market with a market cap surpassing $109 billion.

🌍💼 Binance's entanglement with the Nigerian government deepens as Tigran Gambaryan, the firm's financial crime compliance chief, faces further delays in his bail hearing, now pushed to late May.

🇳🇬 Gambaryan has been in Nigerian custody for nearly two months, with the local Economic and Financial Crimes Commission pressing charges of money laundering and tax evasion against him and Binance.

DailyCoin Daily Meme

Worldcoin Launches World Chain, a Blockchain Without Bots: Here's How The Network Will Work

World Chain, a new blockchain integrated with World ID that prioritizes real human transactions, is launching in the summer of 2024. Here’s how it will work.

Will Binance India Make a Comeback? Exchange Mulls Reputation Overhaul to Resume Operations

Is Binance returning to India as a compliant exchange, facing a potential $2 million fine? Read more on DailyCoin.

Gotcha!: SEC Chair Gensler Punks Crypto Fans with Phony Resignation Troll

SEC chair Gensler trolls crypto fans with fake resignation announcement, leading to meme responses. Click to read more.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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