BITCOIN

Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler over crypto regulation. O’Leary Expects Crypto Innovation to Leave the U.S. Shark Tank investor Kevin O’Leary, the chairman of O’Leary Ventures, shared his view on the future of the U.S. crypto industry in an interview with Fox Business on Friday. He began by commenting on the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s congressional hearing where he was grilled by Congress members regarding crypto. Noting that he went to Washington D.C. and watched the hearing in person, O’Leary shared: “I watched him [Gensler] get fried like a chicken. It was unbelievable. The fortitude this man must have. The abuse he was taking. It was unbelievable.” Mr. Wonderful proceeded to

U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial date for April 2024 to address the remaining issues. SEC’s Appeal in Ripple Lawsuit Denied by Judge Torres, Trial Set for April 2024 In a decision unveiled Tuesday, the judge at the helm of the SEC’s litigation against Ripple dismissed the regulator’s interlocutory appeal . The SEC had tendered a motion to certify an interlocutory appeal of two judgments pertaining to XRP in the Ripple case. “The SEC’s motion for certification of interlocutory appeal is denied, and the SEC’s request for a stay is denied as moot,” Torres said in her ruling. Torres explained that the SEC had failed in demonstrating, within its appeal, that the decision was markedly faulty. Rewinding to July, she decreed that Ripple’s Programmatic Sales of XRP “did not constitute t

Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S. dollar and other fiat currencies, which he labels “fake” money. Elon Musk Thinks Fiat Currency Is a Scam The CEO of Tesla and Spacex, Elon Musk, believes that fiat currency is a scam. In a post on social media platform X, user Wall Street Silver shared an image with a question on Sunday: “What’s a scam that’s so normalized that we don’t even realize it’s a scam anymore?” Musk replied: “Fiat currency.” Musk has long been critical of fiat currency. In February 2021, he tweeted, “When fiat currency has negative real interest, only a fool wouldn’t look elsewhere.” He also compared fiat currency to BTC , stating: “Bitcoin is almost as bs as fiat money.” Nonetheless, he added: “The true battle is between fiat

A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also said it found that Worldcoin’s “Orbs” were not approved by the Communications Authority of Kenya as required by law. Worldcoin Allegedly Operated Without a License The Kenyan parliamentary committee investigating Worldcoin’s activities in the country recently censured the Kenyan ICT cabinet secretary Eliud Owalo over his previous pronouncements about the crypto project’s license status. The committee, chaired by Gabriel Tongoyo, said inconsistencies in Owalo’s statement issued on Sept. 11 suggest that Worldcoin may have operated for just over a year without the requisite license. As previously reported by Bitcoin.com News, Owalo is widely believed to have initially backed the crypto project. However, the cabinet secretary later appeared to make an

Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and its use of the dollar have awakened fears in other countries that are also seeking alternatives to the system. Kostin Signals Need for SWIFT to ‘Be Killed’ The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a group that provides the standard messaging protocol for making cross-border transactions in the current global banking system, needs to “be killed,” according to recent statements of Andrei Kostin, head of the VTB Bank. Kostin, who leads the second-largest bank group in Russia, recognized that for this to happen, other countries have to complete a set of actions. At the recent International Banking Forum held in Sochi, Kostin stated : SWIFT – it needs to be killed for our calc