Abu Dhabi Bans Crypto Mining on Farms, Threatens $2,700 Fines
Abu Dhabi bans cryptocurrency mining on farms, imposing fines up to $2,722, while the UAE remains a supportive region for Bitcoin mining. A new recommendation from the Abu Dhabi Agriculture and Food Safety Authority in the United Arab Emirates forbids using farms to mine cryptocurrencies. Farmers cannot be used for cryptocurrency mining, as the advice […]
Trader Predicts ONDO Price Rise to $2.35, Calls It RWA King
Following SEC approval of Ethereum spot ETFs, ONDO’s price surged 13.26%, rising from $0.92 to $1.22. On account of the SEC’s approval of eight Ethereum spot ETFs, the price of the foremost RWA cryptocurrency project ONDO increased substantially. Prior to the announcement, the price of ONDO was $0.92. Nevertheless, the token experienced an extraordinary surge […]
XRP Lawyer Praises Coinbase’s SEC Defense
Pro-XRP lawyer MetaLawMan praised Coinbase’s strong appeal arguments, noting it could clarify the SEC’s authority over digital assets. Coinbase recently requested permission to file an interlocutory appeal with the 2nd Circuit in a response to the court. Notably, the pro-XRP attorney MetaLawMan’s recent commentary on the development sparked the discussions. The attorney lauded Coinbase’s compelling […]
Coinbase, SEC Clash Over Investment Definition in Appeal
Coinbase accuses SEC of sidestepping legal precedent in appeal over staking program classification. In its most recent assault against the United States Securities and Exchange Commission (SEC), Coinbase has relied extensively on case law and reached the uncommon conclusion that “the SEC attempts to circumvent the [Howey] test.” May 24 saw the submission of a […]
Montenegro Court Blocks Do Kwon Extradition
Montenegro appeals court reversed the extradition order for Do Kwon, wanted in South Korea for the Terraform Labs collapse. The appeals court in Montenegro has overturned the order that cryptocurrency entrepreneur Do Kwon be extradited to South Korea. The collapse of Terraform Labs, which resulted in substantial financial losses, has attracted the pursuit of Kwon. […]