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    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    MoonPay Launches NFT Platform In Universal Studios, Fox Partnership

    MoonPay Launches NFT Platform In Universal Studios, Fox Partnership

    Economic Fail Or Key To A Creative Future?

    Economic Fail Or Key To A Creative Future?

    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

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    Demystifying Metaverse Competition - NFT News Today

    Demystifying Metaverse Competition

    The Go-To Marketplace For All Things Metaverse

    The Go-To Marketplace For All Things Metaverse

    As Otherside Land Value Drops, Yuga Labs Face Giant Tax Obligation

    As Otherside Land Value Drops, Yuga Labs Face Giant Tax Obligation

    The Web 3 LAND Sale

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    Disney Metaverse

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

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    Man wearing smart glasses touching a virtual screen to access the metaverse

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    Jamiroquai Partners With The Sandbox To Bring Funk To The Metaverse

    Jamiroquai Partners With The Sandbox To Bring Funk To The Metaverse

    3iQ Corp Opens a Virtual HQ in the Voxels Metaverse

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  • Analysis
    Bitcoin

    Bitcoin Dips Could Be Limited, Why 100 SMA Is The Key

    Ethereum

    Ethereum Bulls In Control, Why ETH Could Clear $1,300

    Bitcoin

    Bitcoin Price Eyes Upside Break, Why BTC Could Surge to $23K

    bitcoin google

    Is Bitcoin Like Buying Google Early? The Shocking Comparison

    Harmony's Cross-Chain Bridge Exploited for $100M

    Harmony’s Cross-Chain Bridge Exploited for $100M

    Ethereum Key Indicators Suggest Strengthening Case For More Upsides

    Ethereum Key Indicators Suggest Strengthening Case For More Upsides

    Bitcoin Struggles to Rebound as Miner Capitulation Continues 

    Bitcoin Struggles to Rebound as Miner Capitulation Continues 

    Bitcoin

    Bitcoin Could Restart Increase If The Bulls Clear This Resistance

    Ethereum

    What Could Trigger Sharp Decline

  • Learn About Crypto
    Overbought vs. Oversold Signals

    Overbought vs. Oversold Signals

    What Is a Decentralized Exchange (DEX)?

    What Is a Decentralized Exchange (DEX)?

    What Is Ethereum 2.0 (The Merge)?

    What Is Ethereum 2.0 (The Merge)?

    Breaking: ExxonMobil is Mining Bitcoin With Natural gas

    Iran Cuts Power Supply To Crypto Mines;

    What Is Crypto Lending

    What Is Crypto Lending

    How to Survive a (Crypto) Bear Market

    How to Survive a (Crypto) Bear Market

    Top 6 Crypto Events for June 2022 – Coingape

    What Is A Bull Flag Pattern and How to Use It

    What Is A Bull Flag Pattern and How to Use It

    A Beginner’s Guide To Reversal Candlestick Patterns

    A Beginner’s Guide To Reversal Candlestick Patterns

  • Regulation
    Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis

    Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis

    China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

    China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

    Catalonia is building its own metaverse, says innovation minister

    Catalonia is building its own metaverse, says innovation minister

    SEC Chair Gary Gensler Proposes ‘One Rule Book’ for Regulation of All Crypto Asset Trading: Report

    SEC Chair Gary Gensler Proposes ‘One Rule Book’ for Regulation of All Crypto Asset Trading: Report

    Crypto conspiracy theories abound, but prop traders are just doing their job

    Crypto conspiracy theories abound, but prop traders are just doing their job

    Cardano (ADA) Founder Charles Hoskinson Addresses Congress, Argues for Real-World Uses of Crypto and Blockchain

    Cardano (ADA) Founder Charles Hoskinson Addresses Congress, Argues for Real-World Uses of Crypto and Blockchain

    Billionaire Chamath Palihapitiya Issues Crypto Warning, Predicts Industry's 'Honeypots' Will Be Exposed

    Billionaire Chamath Palihapitiya Issues Crypto Warning, Predicts Industry’s ‘Honeypots’ Will Be Exposed

    Ripple CEO Brad Garlinghouse Says SEC Contradicted Itself by Suing Over XRP and Then Allowing Coinbase IPO

    Ripple CEO Brad Garlinghouse Says SEC Contradicted Itself by Suing Over XRP and Then Allowing Coinbase IPO

    Singapore’s changed stance on crypto

    Singapore’s changed stance on crypto

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Cardano’s Hoskinson: ‘It is just hurtful, unfair, and not at all a partisan thing’

February 23, 2022
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Cardano's Hoskinson: 'It is just hurtful, unfair, and not at all a partisan thing'
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There are always new twists and turns in the SEC’s lawsuit against Ripple Labs. One aspect that keeps resurfacing concerns comments made by the SEC’s former Director of Corporation Finance William Hinman.

In a 2018 speech, Hinman had opined that Ether is not a security. While Ripple has continued to use this point to reiterate that XRP would also fall in the same category, the SEC, for its part, has now changed its position on the same.

Nevertheless, it can’t be denied that the speech was considered by many to be the SEC’s official position. Its u-turns since have left the industry dizzy.

During a recent AMA, Cardano founder Charles Hoskinson also shared a similar opinion, with the exec saying that this flip-flopping has fueled more ambiguity than ever before. Arguing that it is unfair on the industry for regulators to keep changing their stance, Hoskinson said,

“If it’s a personal opinion, you issue a statement after the fact, but you can’t just let it ride, let opinions be written out and have the industry push forward, and then change your mind because it’s convenient for a particular enforcement case you’re doing.”

Hoskinson further noted that making such moves on “political convenience” creates a lot of confusion that a $2 trillion industry doesn’t deserve. He added,

“It’s just hurtful to everybody and it’s not a partisan thing, it’s just a clarity thing. When you’re in an industry you would want to know what the rules are, but if the rules are ever-changing and indiscernible, or are staged in a way that is impossible to comply, so you regulate it out of existence.”

However, the crypto-exec didn’t place the whole onus for the situation on regulatory bodies such as the SEC or even the CFTC. Especially since they are following the playbook provided by legislations which have been unsatisfactory to most.

While a much-publicized Congressional hearing for top executives of cryptocurrency companies in the U.S did take place last December, the country is yet to pass any laws regarding the regulation of this asset class. In turn, the SEC has asked the digital asset industry to follow securities rules already laid out for traditional finance. According to many, this may not always be the best approach.

Nevertheless, President Joe Biden is expected to issue an executive order in relation to oversight as early as this week. This would reportedly be aimed at directing various agencies to study the asset class and its industry before coming up with a government-wide strategy to regulate digital assets.

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