{"id":17834,"date":"2023-02-19T14:03:33","date_gmt":"2023-02-19T14:03:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-clampdown-has-crypto-space-abuzz-pantera-capital-says-were-in-bull-market-and-much-more-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2023-02-19T14:03:33","modified_gmt":"2023-02-19T14:03:33","slug":"sec-clampdown-has-crypto-space-abuzz-pantera-capital-says-were-in-bull-market-and-much-more-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-clampdown-has-crypto-space-abuzz-pantera-capital-says-were-in-bull-market-and-much-more-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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There\u2019s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler\u2019s organization. In other news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we\u2019re in the next bull cycle. All this just below in the latest Bitcoin.com News Week in Review.<\/strong><\/p>\n

\"Binance<\/p>\n

Binance CEO Warns of \u2018Profound Impacts\u2019 on Crypto Industry if BUSD Is Ruled as a Security<\/h2>\n

Binance CEO Changpeng Zhao (CZ) has warned of \u201cprofound impacts\u201d on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Stiffing<\/p>\n

[Opinion] Stiffing the Staker: The SEC\u2019s Latest Crackdown on Crypto Innovation<\/h2>\n

The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken\u2019s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking?<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Terraform<\/p>\n

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud<\/h2>\n

The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated \u201ca multibillion-dollar crypto-asset securities fraud.\u201d The securities watchdog insists that Kwon raised billions from investors by creating an \u201cinterconnected suite of crypto-asset securities,\u201d many of which were involved in unregistered transactions.<\/p>\n

Read More<\/strong><\/a><\/p>\n

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Report: South Sudan Government Bans US Dollar Transactions<\/h2>\n

The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Pantera<\/p>\n

Pantera Capital on Bitcoin: We\u2019re in Next Bull Market Cycle<\/h2>\n

Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and \u201cwe\u2019re in the next bull market cycle.\u201d Dan Morehead, the firm\u2019s founder and managing partner, noted: \u201cOver the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

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\nTags in this story
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Bull Market<\/a>, BUSD<\/a>, do kwon<\/a>, gensler<\/a>, Kraken<\/a>, Market Cycle<\/a>, op-ed<\/a>, Opinion<\/a>, Pantera Capital<\/a>, Paxos<\/a>, SEC<\/a>, South Sudan<\/a>, staking<\/a>, terraform labs<\/a>, U.S. dollar<\/a><\/div>\n<\/div>\n

What are your thoughts on the SEC\u2019s recent actions? Should cryptocurrencies require the approval of third parties like Gensler\u2019s regulatory body? Let us know in the comments section below. <\/strong><\/em><\/p>\n

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\nBitcoin.com <\/h6>\n

\nSince 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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