BITCOIN

Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes mistakes,” the billionaire stressed, adding that if the SEC had taken a similar approach to Japan, no one in the U.S. would have lost money when the crypto exchange FTX collapsed. Mark Cuban Criticizes SEC and US Crypto Regulation Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has slammed the U.S. Securities and Exchange Commission (SEC) for choosing a wrong path to regulate the crypto sector. Many crypto proponents have criticized the SEC and its chairman, Gary Gensler, for taking an enforcement-centric approach to regulating the crypto sector. The securities regulator recently took action against major crypto exchanges, including Coinbase and . Cuban emphasized that the SEC “chose to litigate to regulate.” He stated,...

Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile, Putin shared that more than 80 percent of commercial transactions between Russia and China are carried out in Russian rubles and Chinese yuan. Putin: Use of National Currencies in Settlements Is Expanding Chinese President Xi Jinping and Russian President Vladimir Putin took part in a virtual summit of the Shanghai Cooperation Organisation’s (SCO) Heads of State Council on Tuesday. Indian Prime Minister Narendra Modi chaired the meeting. It was also attended by Kazakhstan’s President Kassym-Jomart Tokayev, Kyrgyzstan’s President Sadyr Japarov, Pakistan’s Prime Minister Shehbaz Sharif, Tajikistan’s President Emomali R...

While Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard was revealed on July 3 called BRC69. According to the creators of the concept, it can reduce the costs of inscriptions for Ordinal collections by over 90%. The launchpad Luminex, which announced the BRC69 token standard, insists that the “brilliance of BRC69 lies in its simplicity.” BRC69 Token Standard Aims to Enhance Efficiency of Ordinal Inscriptions on Bitcoin There have been several new concepts created on top of the Bitcoin blockchain via Ordinal inscription technology, and things have progressed further with the advent of recursive inscriptions . On Monday, the crypto startup Luminex , a firm that helps projects initiate launchpads, revealed the BRC69 token standard on Twitter. “Today, we’re excited to introduce BRC69, a revolutionary standard for creating Recursive Ordinals collections with ease,” Luminex stated. “This standard will be instrumental in launching Recursive collect...