The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance on Monday, alleging seven different charges related to derivatives exchange registration. In this episode, NLW explores the charges and to what extent they reflect not only a case against Binance but an ongoing regulatory turf war between the CFTC and the Securities and Exchange Commission.
“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Antonio Masiello/Getty Images, modified by CoinDesk.
What a week. On this edition of the “Weekly Recap,” NLW updates on the Silicon Valley Bank situation, discusses the New York Attorney General’s lawsuit against KuCoin that claims ether is a security and looks at the Biden Administration’s plan to lay a 30% excise tax on energy used for crypto mining.
“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Tommy / Getty Images, modified by CoinDesk.
Join the discussion at discord.gg/VrKRrfKCz8.
Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.
– TIMESTAMPS –
0:00 Intro
1:52 The SEC vs. Coinbase
4:30 What Does “security” Designation Mean?
6:21 What is Next?
9:19 Registered Securities
13:12 What It Means For Hodlers
15:02 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
Don’t Call it CRYPTO or NFTs… Cryptocurrency is under attack… and it’s all so tiresome. The government doesn’t want you to succeed and taxation is theft and this crypto bear market is just so tiring… I am earning passive income with crypto using this – https://voskco.in/evg
Solana blockchain sucks and had a huge outage, because its centralized… Bitcoin is awesome and keeps chugging along, and there are even BTC nfts now thanks to ordinals. Kevin Owocki is working on regenerative finance and build. Making some painful progress on my bitcoin mining farm, unlike terawulf who are now mining BTC with nuclear energy and so much more crazy crypto news including over $21m hacked?!!
⏰ Timestamps ⏰
00:00 Blockchains never sleep, and neither do I
00:18 Solana went down for 19H!
00:43 Coinbase has moved away from Silvergate
01:47 Chia has a finders fee for the miner that found a block!
03:32 Kevin Owocki unveils ReFi Incubator
07:13 Collect, play earn with DOLZ
07:45 Mining Farm and Voskcoin HQ update!
10:00 NFT projects are rebranding!
11:45 TeraWulf’s Nuclear Bitcoin Mining Plant!
13:26 EMG First Blockchain Telco SuperApp
17:00 7 Defi protocol hacks, $21M lost
20:44 Yuga NFTs the scammer dream
21:23 Got tails on the BTC as an Ordinal!
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#Cryptocurrency #Bitcoin #VoskCoin #Ethereum #passiveincome #makemoney #miningfarm #mining #miningfarm #cryptomining #doge #dogecoin
The USA is BANNING crypto staking WTF yes if you are staking cryptocurrency you’re on track to be a criminal… right now the SEC is fining Kraken for millions of dollars, and has Coinbase in their crosshairs, individual stakers are surely next… Subscribe to VoskCoin – http://voskco.in/Sub
This is a scary time in cryptocurrency as the securities and exchange commission continues their maniacal campaign to strip cryptocurrency users and investors of their abilities as well as rights along with punishing the cryptocurrency exchanges like Kraken that have been fine while they did NOT protect us from SBF FTX or Alameda… oh how ironic is it that Gary Gensler adored sam bankman-fried but hates the crypto exchanges that have actually done right by the average crypto user. Voyager bankruptcy and Binance US update, LocalBitcoins is closing down, CoinTelegraph is selling NFTs and more in the latest crypto news today.
⏰ Timestamps ⏰
00:00 The US is banning crypto staking!
00:45 Brian Armstrong tweets about staking
01:35 Kraken $30M Staking fine
02:25 Did the Kraken prohibition affect me?
03:00 This could mean they can prohibit staking
05:44 Mine Chia with the HDDs
06:13 Us Residents are barred from a Bankruptcy claim
06:41 Kraken got fine for not “declaring” the Staking?!
07:48 Gary Gensler got an exception for SBF
08:12 Are they going to return the money that they fine?
08:36 Voyager will need a Binance US Account to get the funds back!
09:10 LocalBitcoins Closes down p2p crypto services
10:30 You can buy a Cointelegraph article as an NFT?
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#Cryptocurrency #Bitcoin #VoskCoin #Ethereum #passiveincome #makemoney #miningfarm #mining #miningfarm #cryptomining #doge #dogecoin
This episode is sponsored by Nexo.io, Circle and FTX US.
On this week’s “Long Reads Sunday,” NLW reads “Ethereum’s New ‘Staking’ Model Does Not Make ETH A Security.” The piece was authored by:
Rodrigo Seira, crypto counsel at Paradigm Amy Aixi Zhang, policy counsel at Paradigm Jake Chervinsky, head of policy at the Blockchain Association, adviser at Variant Fund and board member at DeFi Education Fund
–
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–
I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Eleanor Pahl and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Jason marz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
Hashoshi answers your crypto questions, including what will happen if Ethereum and all cryptocurrency is labeled a security by regulators…
(Sponsor) Check out Metaverser**: https://metaverser.me/
**This show is NEVER a call to action to buy any asset, including crypto or NFTs, and you should be aware of the risks associated with investing in speculative assets.
⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.
Hashoshi is not responsible, directly or indirectly, for any damage or loss caused by, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this published media.
NOTE: I will not reach out to you on Whatsapp, Telegram or any other social media to promote, sell, or ask for cryptocurrency/money. Scammers impersonate me often. Check that the handle is hashoshi4 at all times.
⏰ // Timestamps // ⏰
0:00 Crypto Q&A – share your questions!
0:25 If all crypto is labeled a security, what happens?
3:13 Celsius and Alex Mashinsky
7:52 Should I get GPU miners to mine ETC, ERG?
9:58 Sponsor: Metaverser
10:39 Apple allowing NFT sales for 30% cut?
14:22 CFTC fining DAOs?
🛑 // DISCLAIMERS & TRANSPARENCY // 🛑
🔺 This description box contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.
The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, tax advice nor legal advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.
