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SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

SEC Charges Cumberland DRW for Unregistered  Billion Crypto Securities DealingsThe U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

New York, Los Angeles and Chicago Among the Most Crypto-Ready Cities in the World: New Research

New York, Los Angeles and Chicago Among the Most Crypto-Ready Cities in the World: New Research

A new survey conducted by digital assets tax tool Recap says that the three most populous US cities are among the world’s most crypto-ready. The study surveyed the 200 most-populated cities on the globe on factors such as the number of crypto ATMs, residents working in the crypto sector, the number of crypto firms and […]

The post New York, Los Angeles and Chicago Among the Most Crypto-Ready Cities in the World: New Research appeared first on The Daily Hodl.

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

Boomer on the dancefloor! The 64 yr old Bitcoin breakdancer on investing

One of the world's oldest breakdancers tells Cointelegraph why he's spreading the Bitcoin message across dance floors in the United States.

One of the world’s oldest competitive “breakers,” or breakdancers, is twisting and shouting Bitcoin (BTC) on dancefloors across the United States. Aged 64, Ben Hart told Cointelegraph he reckons he’s “the world’s oldest actively competing breaker.”

For context, Gary Gensler, the chair of the Securities and Exchange Commission, or SEC, is the same age. But it’s unlikely Gensler will be shredding up the dancefloor wearing Bitcoin jerseys any time soon:

Hart took up breakdancing in 2011, amazed by the “athleticism” of the hip hop street dance. He recruited an expert to learn the ropes and spent years honing his skills by incorporating flips, power moves and freezes.

He took a similar approach to Bitcoin, which he first learned in 2014. He spent hundreds of hours studying the tech before buying his first Bitcoin in 2019. Hart took Gary Gensler’s MIT Course on Bitcoin and cryptocurrencies and read the Bitcoin white paper “at least ten times.” Plus, rather than going all in, Hart began by dollar-cost averaging into what he considers “the only truly decentralized cryptocurrency or asset out there.”

As a result, when the price crashed at the onset of the COVID-19 pandemic in 2020—and many sold—Hart bought more. His thorough education crystallized into a resolute conviction about the currency’s future.

Furthermore, Hart explains “When the Fed launched its manic money printing in 2020 to start handing out free money to people (even way more money printing than usual), I thought this was the exact situation Bitcoin was designed for.”

"Bitcoin’s mission is to be honest money. So I started buying a lot more Bitcoin."

Hart was hooked. So much so that he began wearing Bitcoin jerseys to breakdancing competitions and evangelized Bitcoin to his entourage, while steering them clear of trading and altcoins.

“I basically think trading is a losers game. [...] My advice to them is to take 10% of whatever they have to invest and buy Bitcoin. That’s what I tell my kids to do.”

Hart told Cointelegraph that he tells his younger breaker peers to stop trading and “forget about the other cryptos for now.”

Hart’s been spotted on dancefloors on TV shows such as Good Morning America, while he’s already twstepped his way into the Bitcoin community. Cory Kliippsten, CEO of Swan Bitcoin, appears to have extended an invitation Hart’s way for Bitcoin conference Pacific Bitcoin in November this year.

Related: Busking on Bitcoin: How Lightning Network outperforms Ethereum for tipping

Hart and his wife have six kids and split their time between Miami and Chicago. Besides breaking, he is now dedicating his time to Bitcoin education. He joins a growing list of Bitcoin Boomers—HODLers born between 1946 and 1964—while his first Bitcoin book is soon to be published. 

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the USA recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency […]

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto

"We are eager to connect with the growing cryptocurrency community, who can help sustain the future of animal welfare in Chicago and save animals' lives," said PAWS Chicago CEO Susanna Homan.

PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting crypto donations.

In a Tuesday announcement, PAWS Chicago said it would be accepting Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and other tokens to support its operations ahead of its new hospital for homeless cats and dogs. The organization is hoping to target “a tech-savvy demographic of potential donors,” promoting crypto donations with digital billboards featuring a dog shooting lasers out of its eyes.

Source: Redditor slappy__white

According to the organization, crypto donations may be used to further its goals of reducing the number of shelter animals euthanized in the United States by spaying and neutering cats and dogs. PAWS Chicago said it has provided 300,000 such surgeries in its 25 years of operation, helping reduce the number of homeless animals killed in the Chicago area by 91%. The new medical center aims to improve its efforts to save animals.

"We are eager to connect with the growing cryptocurrency community, who can help sustain the future of animal welfare in Chicago and save animals' lives," said PAWS Chicago CEO Susanna Homan.

Related: Team officially reestablishes Dogecoin Foundation after 6 years

The iconic dog behind the Dogecoin project was a Japanese Shiba Inu in a popular meme from 2013. Since that time, DOGE has grown both in popularity, largely pushed by figures including Tesla CEO Elon Musk, and size as the price increased from less than a penny to an all-time high of $0.68. At the time of publication, the price of the token is $0.29, having fallen 8% in the last 24 hours.

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth