cryptocurrencies

India’s Supreme Court has sharply criticized the central government for its continued inaction on regulating cryptocurrencies, warning that the legal vacuum is fostering abuse and undermining investor protection.
Justices Surya Kant and N. Kotiswar Singh noted that the government is already taxing cryptocurrency profits, effectively acknowledging their existence — yet still failing to introduce any regulatory framework. “Banning crypto is not a solution — regulation is urgently needed,” the bench stated.

⚖️ The Court Asks: If You're Taxing Bitcoin, Why Aren’t You Regulating It?
The comments came during a hearing tied to the infamous BitConnect crypto scam, in which one of the victims allegedly kidnapped two project employees in an effort to reclaim lost funds.
The court made it clear that the old excuse — "we can’t regulate crypto because it’s international" — no longer holds water. It urged the government to stop ignoring crypto’s growing role in the global economy and take action to oversee and supervise its use.

📉 Indian Investors Left Without Protection
The timing of the court’s criticism is notable, as other major economies are progressing with clear frameworks:
🔹 The European Union is actively implementing its MiCA regulations

🔹 The U.S. Senate recently advanced legislation focused on stablecoins
Meanwhile, Indian investors continue to face uncertainty. A prime example is the July 2024 WazirX hack, where $233 million in crypto was allegedly stolen. A consumer lawsuit was dismissed by the national consumer commission — not due to lack of evidence, but because cryptocurrencies are not legally recognized as investment assets in India.

🕵️‍♂️ BitConnect Case Still Open
The long-running 2018 BitConnect fraud case remains unresolved. Victim-turned-perpetrator Shailesh Bhatt is accused of kidnapping two employees and extorting:
🔹 2,091 BTC

🔹 11,000 LTC

🔹 ₹14.5 million in cash
During the recent hearing, the court asked the Additional Solicitor General for an update on the investigation. The next session is set for May 30, and the CBI has been instructed to complete its work before then.

📈 Bitcoin Surges While India Lags Behind
As India’s courts handle legacy crypto cases, the global market pushes forward. Bitcoin is now trading above $105,000, having reached an all-time high of $109,114 on January 20, 2025.
The digital asset market overall continues to grow — on Tuesday morning, global crypto market cap rose by over 2%, reaching $3.33 trillion, with daily trading volumes hitting $126 billion.

#IndiaCrypto , #Regulation , #cryptocurrencies , #CryptoNewss , #DigitalAssets

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Arthur Hayes, co-founder of BitMEX and a well-known crypto market figure, has reignited discussions with his bold prediction that Bitcoin will hit $250,000 by the end of 2025. And that’s just a pit stop on the way to $1 million per BTC. What exactly did Hayes say — and why are so many investors paying attention?

📅 The Timeline: $250K by Late 2025, $1M Before Trump’s Term Ends
During a private discussion at Token2049 in Dubai, Hayes laid out his BTC price trajectory. In the short term, he believes Bitcoin could surpass $200,000 during this ongoing bull cycle, and reach $250,000 by the end of 2025.
“I think Bitcoin could hit $200K in this next move up. And by year-end, $250K is a realistic target,” Hayes stated.
But that’s not the ceiling. He maintains a long-term forecast of $1 million per BTC, which he says could happen before Donald Trump’s presidential term ends — by late 2028.

🧠 Altcoins, Gold, and Why Bitcoin Still Has Room to Run
Hayes’ forecast isn’t just wishful thinking. He cites growing Bitcoin dominance, geopolitical instability, and the fact that the U.S. government is quietly spending more than it admits, increasing overall liquidity.
He also believes a break above $110,000 will mark the beginning of altcoin season — although this time, not all tokens will pump. Only the strongest projects, in his view, are likely to surge.
“Old dinosaur coins sitting idle probably won’t explode out of nowhere.”
Interestingly, Hayes also revealed that 20% of his portfolio is allocated to gold, predicting that it could reach $10,000 to $20,000 per ounce as central banks continue to accumulate it as a hedge.

Trump and Crypto: What to Expect
Hayes is confident that Trump’s return to the White House will benefit the crypto space, although he admits that no concrete steps have been taken yet. Still, he sees investor sentiment remaining bullish, with plenty of room for growth ahead.

“We need patience. Not much is happening right now, but the changes will come.”

🔮 Summary: Bitcoin Eyes Higher Highs — and Hayes Isn’t Alone
Whether or not his forecast becomes reality, the idea of $250K BTC by the end of 2025 is a dream for many. But with the right combination of macroeconomic forces, political stability, and sustained demand, this scenario might be less far-fetched than it sounds.

#bitcoin , #BTC , #CryptoPredictions , #CryptoMarket , #cryptocurrencies

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

XRP, the cryptocurrency tied to Ripple, fell by 5% following a court decision in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

Judge Analisa Torres rejected a joint motion by both parties for an indicative ruling — a move that added new uncertainty and triggered a negative market reaction.

📉 XRP Tests Key Support as Price Slips
Following the court's decision, XRP dropped to $2.35, continuing a downward correction from $2.60 earlier this week, totaling nearly a 10% drop from its recent peak.
From a technical standpoint, XRP is now testing a critical trendline. According to trader Man of Bitcoin, a break below this level could lead to a further drop toward the support zone between $2.19 and $1.79.
Data from Coinglass shows that open interest in XRP has fallen 6% to $5.08 billion. Over the past 24 hours, liquidations totaled more than $22.8 million, the majority being long positions.

⚖ Legal Battle Continues – Ripple Plans to Reengage
The rejected motion sought to avoid two main outcomes:
🔹 A court order prohibiting the sale of XRP as an “unregistered security”

🔹 And a full monetary penalty.
The judge, however, found the motion procedurally improper, as it attempted to override portions of a previous ruling.
Attorney John Deaton noted that the court emphasized how the SEC spent five years aggressively building its case — only to now suggest much of that work might be set aside.
Judge Torres also outlined specific requirements for both Ripple and the SEC to justify a reversal of her earlier decision — including demonstrating that it would serve the public and institutional investors’ interests.

🗣 Ripple’s Response
Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the company will reengage with the SEC and bring the issue back to court. On platform X, he wrote:
“Today’s ruling does not change Ripple’s earlier wins (e.g., XRP is not a security, etc.). This is a procedural issue regarding denial of Ripple’s request. Ripple and the SEC are aligned in resolving the matter and will revisit it with the court.”

🧾 What Could Happen Next? A Possible Legal Path
Attorney Bill Morgan, a longtime supporter of XRP, outlined a possible sequence:
🔹 After a new indicative ruling, both sides would ask the appeals court to temporarily return the case, enabling a mutually agreed solution.

🔹 Judge Torres would then receive a motion outlining the agreement.

🔹 After lifting the injunction and finalizing a reduced $50 million penalty, both Ripple and the SEC could withdraw their appeals at the Second Circuit.

📊 Market Awaits Clarity
While other altcoins like Ethereum, Solana, and Dogecoin have surged recently, XRP has remained relatively steady.

Now, the coin faces legal and technical pressure. The next price movement will likely depend on how discussions between Ripple and the SEC unfold.

Traders are closely watching the $2.19 support zone — a drop below it could trigger further downside momentum.

#xrp , #Ripple , #CryptoNews , #Altcoin , #cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Canada’s decision to treat stablecoins as securities is hampering innovation and market growth, prompting industry leaders to urge a more flexible, payment-focused framework.
Canada’s Stablecoin Standstill: A Call for Regulatory Reform
As digital currencies reshape global payments, Canada remains on the sidelines by classifying stablecoins — #cryptocurrencies pegged to fiat—as securities or derivatives. Unlike the #UnitedStates and the European Union, which are developing dedicated rules to treat stablecoins as payment instruments, Canada’s securities-focused approach demands prospectus filings and rigorous disclosure, a model ill-suited to high-velocity transactional tokens.
This regulatory stance creates uncertainty for businesses seeking to use stablecoins in everyday commerce. Merchants face unclear tax implications and complex compliance obligations, while startups struggle to secure bank partnerships. The result is a fragmented landscape where each province interprets rules differently, forcing issuers and users into an expensive, time-consuming patchwork of filings.
Industry stakeholders argue that Canada’s conservative posture risks driving fintech innovators to friendlier jurisdictions. In recent months, major crypto firms have publicly appealed for a national strategy that recognizes stablecoins as payment tools, not investment products. They call for an inclusive consultation process, involving both regulators and private-sector pioneers, to craft balanced safeguards without stifling growth.
The market impact is already evident. Several digital-asset platforms have paused Canadian launches, citing regulatory ambiguity as the key barrier. Meanwhile, cross-border payments continue to incur higher costs and longer settlement times compared to #stablecoin ks elsewhere.
To catch up, experts recommend three key steps: (1) Legally redefine stablecoins as a distinct category of digital payment instruments; (2) Centralize oversight under a single federal authority—such as the Bank of #Canada —to ensure consistency; and (3) Integrate stablecoins into existing payments infrastructure, including Canada’s real-time rail systems. With these reforms, Canada could unlock faster, cheaper transactions and reestablish itself as a fintech frontrunner. Without action, however, it risks missing out on the next wave of digital finance innovation.
#AltcoinDigest

Have you ever thought that you could pay for your trip to an exotic country with cryptocurrency? This has become a reality in Bhutan. The country is not only known for its picturesque landscapes and unique culture, but has also taken a step into the future by becoming the first in the world to launch a cryptocurrency payment system for tourists at the national level.
What is the essence of this innovation? Bhutan has decided to join forces with Binance, the largest cryptocurrency exchange, and the country's first fully digital bank, DK Bank. Together, they have created a system that allows travelers to pay for everything from flights and visas to hotel stays and purchases from local merchants using cryptocurrency. And the most interesting thing is that this system works on the Binance Pay platform and supports more than 100 different cryptocurrencies.
In order to use the new system, tourists simply need to scan a static or dynamic QR code created by DK Bank. By the way, this bank has become a pioneer of digital financial services in Bhutan and has already connected more than 100 sellers, which means that you can pay with cryptocurrency almost everywhere — from cafes and shops to hotels and guides.
According to Richard Teng, CEO of Binance, this collaboration not only helps introduce cryptocurrency into the tourism sector, but also creates a new bridge between cultures and economies of different countries. Damcho Rinzin, Director of Bhutan's Department of Tourism, emphasizes that this is not just an innovative payment solution, but also an important step towards inclusivity and convenience for tourists from all over the world.
And here's the question: Do you think such a system will be able to become a standard for other countries in the future, or will it remain a unique feature of Bhutan?
#CryptoNewss #cryptocurrencies #Bhutan