Bitcoin News and Finance: What You Need to Know

The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is the ‘Latest Trojan Horse of the Great Reset,’ Opponent Ramaswamy Says Vivek Ramaswamy, one of the runners in the 2024 Republican Party presidential primaries, has criticized the U.S. government for considering a digital version of the dollar. “It’s telling that Janet Yellen is pushing for the U.S. to adopt CBDCs, begging Americans to keep up with the Jinpings,” he tweeted on Wednesday. Ramaswamy believes that “CBDCs are just the latest Trojan horse of the Great Reset and are a clear path to a social credit system that will permanently embed ESG into our currency itself.” In his view, “the dollar will be *stronger* if we protect it from digitization.” In a video posted on X, formerly Twitte...

Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without merit and inadequately substantiated. DCG’s legal team asserts that the lawsuit lacks actionable evidence and calls for the court to dismiss the complaint. Digital Currency Group Seeks Dismissal of Gemini Lawsuit, Citing Lack of Evidence and Inadequate Allegations In the preliminary statement of the motion , DCG outlines Gemini’s claims related to the Gemini Earn program, formerly operated by Gemini in coordination with Genesis Global Capital, LLC (Genesis). DCG argues that Gemini’s allegations , aimed at holding DCG and Barry Silbert responsible for Genesis’s actions, are unfounded. DCG’s motion further points out that Gemini’s allegations fail to adequately allege fraud by the defendants. The a...

Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment management firm Invesco. Both companies have filed to launch a bitcoin ETF with the SEC. Novogratz Discusses Spot Bitcoin ETF Approval, Says Ripple Ruling Is ‘a Big Deal’ The CEO of Galaxy Digital Holdings, Mike Novogratz, revealed during his company’s Q2 earnings call on Tuesday that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. Commenting on the likelihood of the SEC greenlighting spot bitcoin ETF filings by Blackrock and Invesco, Novogratz shared: Both our contacts, from the Invesco side and from the Blackrock side, get you to think that this is a question of when, not if, that the outside window is probably six m...

The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If the SEC wins the appeal on sales, then Ripple couldn’t use exchanges to facilitate sales.” SEC Not Disputing Whether XRP Is a Security The U.S. Securities and Exchange Commission (SEC) has informed District Judge Analisa Torres that it intends to appeal her ruling in the Ripple case. However, the securities regulator is not appealing the non-security status of XRP , Jeremy Hogan, partner at law firm Hogan & Hogan, explained on Twitter Wednesday. “The SEC continues making questionable decisions, requesting an interlocutory appeal ,” Hogan tweeted, emphasizing: Note that it is NOT appealing whether XRP itself is a security — just its losses on the programmatic and individual sales issues. In another tweet, h...

Bitcoin-friendly mobile top-up platform Bitrefill announced support for eSIM purchases with a number of cryptocurrencies. The service will allow travelers to have access to fast internet in different countries around the world after buying prepaid data plans using their digital coins. You Can Now Buy eSIM Cards From Bitrefill Using Your Crypto Wallet Bitrefill, a popular website for buying gift cards and mobile top-ups with cryptocurrency, has introduced support for eSIM purchases. The new feature will allow crypto users to have instant mobile internet connection without the need to change SIM cards when they travel, the company highlighted in a blog post on Tuesday, stating: In our quest to continually innovate and make the lives of our customers easier to live on crypto, you can now enjoy seamless global connectivity, no matter where you are, without the hassle of physical SIM cards. An eSIM is a digital SIM card that allows you to activate a cellular plan from a carrier with...