BANNING CRYPTO IS NOT A SOLUTION ❌
C𝐫𝐲𝐩𝐭𝐨 𝐧𝐞𝐞𝐝𝐬 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 said 🇮🇳Supreme court.
During a hearing on a 𝟐𝟎𝟏𝟖 𝐁𝐢𝐭𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐟𝐫𝐚𝐮𝐝 𝐜𝐚𝐬𝐞 , the Court questioned why the Indian government still hasn’t brought in any proper rules for #Crypto.
The case is about a man accused of abducting BitConnect staff and extorting 𝟐,𝟎𝟗𝟏 #𝐁𝐓𝐂, 𝟏𝟏,𝟎𝟎𝟎 #𝐋𝐓𝐂, 𝐚𝐧𝐝 ₹𝟏𝟒.𝟓 𝐜𝐫𝐨𝐫𝐞 in cash to recover his investment losses.
The court also pointed out that taxing crypto profits at 30% shows that it is legal, so why not regulate it properly?
The central government has been asked to respond and provide an update on its stance by July.
For now, the investigation into the case continues and will be reviewed again on May 30.
Now even the Supreme Court is tired and can't help users because there are no clear regulations about Crypto.
⚡️ Glassnode Warns: Key Bitcoin Level in Sight — Will Bulls Step In?
On-chain analytics company Glassnode revealed how Bitcoin investor Cost Basis Distribution might indicate this level as crucial.
Significant Bitcoin Cost Basis Is $106,600
Glassnode wrote on X about the Bitcoin Cost Basis Distribution at levels around the spot price. The “Cost Basis Distribution” (CBD) is an on-chain statistic that shows how much of the asset's supply was bought at what price.
The analytics business provided a CBD chart with pricing data exceeding $101,500.
As seen in the data, Bitcoin price levels around the all-time high (ATH) aren't packed with supply, suggesting few investors bought there and those who did capitulated.
However, $106,600, where holders recently bought 31,000 BTC, stood out. Glassnode says this supply cluster started on December 16. Despite the volatility since then, these token owners have stayed firm.
Large supply barriers above the current price may operate as resistance in the near future since underwater investors want the asset to return to its break-even level so they can exit with all their cash.
The chart shows that Bitcoin's rapid burst of positive momentum earlier brought its price near to this level, which it rejected. As the supply cluster remains robust, underwater investors who bought at $106,600 did not sell.
Even if the cryptocurrency is providing them a chance to sell, these token owners seem to remain steadfast. The analytics group says this might make the level crucial to observe in the immediate future.
#SaylorBTCPurchase #EthereumSecurityInitiative #GENIUSAct #MyEOSTrade $BTC
📢12-Hour Update: The News You Can’t Afford to Miss… [May 20th]
- US SEC delays decision on Solana ETFs (VanEck, 21Shares, Fidelity, Bitwise)
- US DOJ probes Coinbase data theft, Indian staff accused of bribery – Bloomberg
- Circle in acquisition talks with Coinbase and Ripple – Fortune
- Jamie Dimon coinfirms JPMorgan clients can soon buy Bitcoin (no custody)
- Bitcoin ETFs saw $667M inflows on May 19; Ethereum ETFs gained $13.66M
- Indonesia’s DigiAsia to raise $100M to buy Bitcoin
- GENIUS Act for stablecoins advances in Senate (66–32 vote)
- Genesis sues DCG, CEO Barry Silbert over $1B fraud, mismanagement claims
Binance Learn & Earn Quiz Answers: Banana for Scale (BANANAS31)
Give the following answers to the Binance Banana for Scale Quiz
Answer 1. BANANAS31
Answer 2. By featuring a banana decal on SpaceX’s Ship 31, symbolizing the meme’s cultural impact and its association with space exploration
Answer 3. To provide real-time token insights using data from sources like CoinMarketCap
Answer 4. Earning fixed interest from mining rewards exclusively
Answer 5. To deploy specialized AI agents that Interact, learn, and generate revenue
Answer 6. Via revenue from DApp usage, a tokenized agent economy, and selling rare real-time AI training data (RLAIF)
Answer 7. An AI-powered memecoin built on BNB Chain
Answer 8. It combines viral meme appeal with a continuously evolving AI ecosystem that develops market-ready products
Answer 9. A community-driven, CTO-led approach attracts diverse participants who drive innovation and product evolution
Answer 10. A humorous meme from Reddit (2012) that used a banana to compare object sizes#Write2Earn
Qu’est-ce qu’un #RWA tokenisé — et pourquoi tout le monde en parle ?
Au Q1 2025, la valeur des actifs réels tokenisés a atteint $19 milliards, en hausse de +37%.
➡️ Principal moteur : les bons du Trésor US tokenisés, portés par #BlackRock, Franklin Templeton, Ondo, etc.
🎯 Objectif : rendre l'investissement plus rapide, plus transparent, plus accessible… grâce à la #blockchain.
resilience /rɪˈzɪl.jəns/ noun
The ability of a blockchain network to maintain functionality, security, and data integrity in the face of disruptions, such as node failures, cyberattacks, network partitioning, or high transaction volumes.