Chinese court warns that Bitcoin is a commodity but its use is illegal According to Sun Jie, a commercial judge at the Shanghai Songjiang District People’s Court, cryptocurrencies are considered commodities in China and are not explicitly prohibited by law. However, cryptocurrency activities such as trading, issuance, or payments are considered illegal financial activities. Judge Sun Jie warned that although Bitcoin is a commodity, cryptocurrency trading comes with legal risks. (Songjiang District People’s Court) Sun’s statement, posted on Songjiang Court’s official WeChat channel, provides legal guidance for cryptocurrencies during the booming market cycle, which she calls the new “gold rush.”…
Author: Crypto Flexs
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Tony Kim November 21, 2024 21:47 Sui’s ecosystem is evolving with the introduction of native stablecoins, reshaping DeFi, and creating new opportunities. Look at the impact of USDY, AUSD, USDC and FDUSD. The Sui blockchain is marking a significant milestone in its journey with the introduction of its native stablecoin, which is poised to reshape the decentralized finance (DeFi) landscape and open the way to new opportunities, the Sui Foundation said. These developments mark a maturing phase for the Sui ecosystem, moving from reliance on bridged or wrapped stablecoins to more autonomous financial products.…
Chainwire, London, UK, November 21, 2024 Ike is proud to announce its official launch. Liquid Staking Token (LST), SA0From Aleph Zero. This milestone provides the Aleph Zero community with a new way to participate in the network by providing staking flexibility without compromising on rewards. What is sA0? SA0 Ike’s native Liquid Stake Token designed to enhance your staking experience on Aleph Zero. sa0 allows users to stake AZERO tokens to keep their assets liquid while supporting network security and earning rewards. This means that sA0 tokens can be used across Aleph Zero’s ecosystem, opening up new opportunities for engagement…
Bitcoin (BTC) is tempting selling to “diamond hands” as an analyst warns that institutional buying is essential to protect a BTC price breakout.Long-term holders (LTHs) have started reducing their BTC exposure, according to data from on-chain analytics firm Glassnode.Long-term holders increase Bitcoin sales through November.BTC price rise reaches nearly $100,000, but some veterans are not waiting to take profits.Glassnode, which tracks 30-day net position changes among LTH companies, now shows an accelerating sales trend.LTH is a wallet that stores a specific amount of BTC for at least 155 days and falls on the less speculative end of the Bitcoin investor…
By bit file Solana ETF to delaware. VanEck, 21Shares and Canary Capital previously filed. regulation move expected from us. Institutional investor interest in the cryptocurrency market is growing significantly. Due to changes in the U.S. political environment, investors are now expecting significant regulatory changes. In particular, this will have a big impact on altcoin ETFs. Most recently, Bitwise was the latest company to try to capitalize on this change. The company applied for the Solana exchange-traded fund (ETF), but as of late, it seemed unlikely that it would receive approval. Bitwise enters Solana ETF Bitwise becomes the latest company to…
Palo Alto, CA, November 21, 2024, Chainwire Integration to strengthen Aptos’ DeFi use cases, expand interoperability, and simplify global payment solutions for merchants. The Aptos Foundation announced today that Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) will be integrated into the Aptos network, and Stripe is adding support for Aptos to its cryptocurrency products. These integrations will make Aptos the home of interoperable DeFi and the fastest, cheapest, and most reliable enterprise-grade blockchain, further expanding the global financial ecosystem. Aptos integration into Stripe’s cryptocurrency on-ramp and payout product paired with native USDC provides a stable fiat on-ramp to the…
jack anderson November 21, 2024 19:13 NVIDIA and Windows 365 are working together to enhance AI workloads with GPU acceleration, delivering significant performance gains to AI-based applications across a wide range of verticals. NVIDIA and Microsoft’s collaboration is poised to transform AI-augmented workflows by leveraging the power of Windows 365 Cloud PC. According to a recent blog post from NVIDIA, the integration of NVIDIA GPUs into these cloud systems is facilitating a new era of the digital workplace. Improve AI performance with NVIDIA GPUs By embedding NVIDIA RTX virtual workstations into Microsoft Windows 365…
In the rapidly changing digital finance landscape, Luxchains.online has emerged as a game changer for traders. Offering a wide range of assets, cutting-edge technology, and a user-centric experience, Luxchains is changing the way both beginners and experienced investors approach the markets. The platform’s unwavering commitment to transparency, competitive fees, and a powerful educational toolkit make it an ideal choice for traders looking to diversify and grow their portfolio.Luxchains.online: Revolutionizing your trading experienceLuxchains.online has created a seamless trading experience that provides users with access to a variety of financial products through a single, easy-to-navigate platform. With stock, commodity and cryptocurrency trading…
The potential for NFTs to take over the Web3 mainstream has been given a huge boost by over 100 million coffee cups branded with colorful, family-friendly artwork from the Doodles IP starting to appear in McDonald’s across the United States. Drinking Doodles Coffee in Atlanta (X) Some users have been frustrated so far trying to find the branded cups, which launched on November 18, but McDonald’s has promised they will be in stock at all 14,000 stores by November 21.The Doodles IP will also sit alongside popular McDonald’s character IP such as Hamburglar and Grimace through a range of activities…
Abu Dhabi, UAE, November 21, 2024, Chainwire Coinshift, a prominent player in on-chain financial management, has launched csUSDL, a liquid lending token (LLT) designed to optimize reward opportunities, security, and transparency for both individual and institutional investors. This announcement follows the launch of the new Coinshift Business, which integrates payment and accounting services provided free of charge to DAOs and on-chain businesses. Coinshift’s first innovative government bond product is backed by USDL, a next-generation RWA-backed stablecoin issued by Paxos International. Known for delivering returns directly to users, USDL’s unique features include ADGM’s FSRA compliance, transparency supported by monthly audit reports,…