It has been a busy week in the cryptocurrency space with the US Securities Exchange Commission (SEC) taking action against companies from Kraken to Paxos to Terraform Labs. This, coupled with South Sudan’s reported ban on US dollar transactions, and Pantera Capital’s bullish outlook, are all included in the latest Bitcoin.com weekly news review.
Binance CEO Warns Of ‘Deep Impacts’ On Crypto Industry If BUSD Is Governed As A Security
Binance CEO Changpeng Zhao (CZ) has warned of potential “deep impacts” on the cryptocurrency industry if Binance USD (BUSD) is deemed a security. This follows an alleged US Securities Exchange Commission (SEC) lawsuit against Paxos, the issuer of Binance USD.
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[Opinion] Stiffing The Staker: The SEC’s Latest Crackdown On Crypto Innovation
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Pantera Capital on Bitcoin: We Are in the Next Bull Market Cycle
Pantera Capital, an investment firm focused on helping underprivileged people, claims that Bitcoin has already seen its lowest point. “We are in the next bull market cycle,” said Dan Morehead, a well-known figure in the industry. “Over the long run, the price of bitcoin has grown at an average rate of 2.3 times per year for the past twelve years.”
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What do you think about the SEC’s current actions? Are third-party approvals necessary for cryptocurrencies? What do you think of Gensler’s regulatory body? Please let us know in the comments section.
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