2 Outcomes: Ripple’s Legal Chief Reveals Best SEC Can Hope for in XRP Appeal

October 22, 2024 Bitcoin.com

bitcoin.com

Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart […]

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ECB Urges Public To Advocate for Laws Against Bitcoin, Says BTC Rallies Impoverish Rest of Society

October 21, 2024 The Daily Hodl

Bitcoin

The European Central Bank (ECB) is asking the public to advocate for laws against Bitcoin (BTC), claiming that every time the crypto king rallies, it financially drains the rest of society. In a new research paper, the ECB says that the top crypto asset by market cap has strayed away from the original vision of […]

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Macro Guru Raoul Pal Says NFTs Aren’t Dead, Predicts Big Comeback for Crypto Sector

October 21, 2024 The Daily Hodl

Ex-Goldman Sachs executive Raoul Pal says that the non-fungible token (NFT) sector is still relevant and due for a big resurgence. In a post on the social media platform X, Pal says NFT technology is “profound,” and he sees the crypto sector mounting a comeback in many forms. “NFTs aren’t dead. The technology is profound. […]

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Quantum computer ‘threat’ to crypto is exaggerated — For now

October 21, 2024 Coin Telegraph

Coin Telegraph

Bitcoin’s private keys won’t be breached any time soon. But the industry still needs to transition to a “post-quantum cryptography.”

A report that Chinese researchers have employed a D-Wave quantum computer to breach encryption algorithms used to secure bank accounts, top-secret military data and crypto wallets is at first glance a matter for deep concern.

“This is the first time that a real quantum computer has posed a real and substantial threat to multiple full-scale SPN [Substitution-Permutation Network] structured algorithms in use today,” wrote Shanghai University scientists in a peer-reviewed paper, according to the South China Morning Post (SCMP) on Oct. 11.

The paper talks about breaking RSA (Rivest-Shamir-Adleman) encryption, one of the oldest and widely used public-key cryptosystems.

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How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

October 21, 2024 Bitcoin.com

Bitcoin

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]

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$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14.

With more than half a billion dollars pouring into the funds, Bitcoin’s (BTC) price topped $67,800 — its highest in more than three months.

ETF Store president Nate Geraci described the event as a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months.

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SEC Greenlights Bitcoin Options ETFs for New York Stock Exchange and CBOE

October 20, 2024 The Daily Hodl

Bitcoin

The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges. In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs. According to the […]

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Top Memecoins Dogecoin and Shiba Inu Flashing Bearish Signal As Crowd Hype Surges to Five-Month Highs: Santiment

October 20, 2024 The Daily Hodl

Altcoins

New data from market intelligence firm Santiment hints at a potential correction for popular dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB). In a new thread on the social media platform X, the crypto analytics platform says that the pair of memecoins have the highest discussion rates they’ve had in five months, signaling that investors […]

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Trump Refers to Polymarket as ‘Poly-Poll’: ‘We’re Doing Really Well’

October 20, 2024 Bitcoin.com

bitcoin.com

Presidential candidate Donald Trump recently acknowledged the existence of the crypto-based prediction market platform Polymarket. In a video posted on Polymarket’s X account, Trump referred to the platform as “a new phenomenon gambling poll,” mistakenly calling it Poly-Poll.” “I’ve never heard of it,” Trump stated, while someone in the audience corrected him about the platform’s […]

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Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations

October 20, 2024 Bitcoin.com

bitcoin.com

Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential endorsement of the scam and her promotion of illegal betting-linked IPL content. Bhatia’s involvement remains unclear, but the […]

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