According to BlockBeats, on December 10, renowned Silicon Valley angel investor Naval Ravikant shared his views on the distinct roles of various cryptocurrencies in a post on X. Ravikant, who has invested in major tech companies like Twitter and Uber, and is also the founder of the equity crowdfunding platform AngelList, expressed his perspective on the functions of different digital currencies. Ravikant described Bitcoin as a tool for wealth preservation, highlighting its role as a stable store of value in the volatile cryptocurrency market. He characterized Ethereum as an investment vehicle, suggesting its potential for growth and development within the blockchain ecosystem. Solana, on the other hand, was referred to as a platform for gambling, possibly alluding to its high-risk, high-reward nature and the speculative activities often associated with it. Lastly, he mentioned Zcash as a currency for consumption, indicating its use in transactions and everyday spending. Naval Ravikant is well-known for his successful investments and entrepreneurial ventures. In addition to his investment in prominent tech firms, he has authored the popular book 'The Almanack of Naval Ravikant,' which offers insights into wealth creation and personal growth. His comments on cryptocurrencies reflect his deep understanding of the tech and investment landscape, providing valuable insights into how different digital assets can be utilized based on their unique characteristics.

On Dec 10, 2024, 05:23 AM(UTC). According to Binance Market Data, BNB has dropped below 690 USDT and is now trading at 689.890015 USDT, with a narrowed 4.88% decrease in 24 hours.

Bitwise Chief Investment Officer Matt Hougan recently expressed concern about the lack of regulatory clarity in the cryptocurrency industry, especially in light of the ongoing debate over whether crypto assets should be classified as securities or commodities. In a recent X post, Hougan explained that regulatory uncertainty is hurting the industry and preventing it from reaching its full potential. Hougan noted that the U.S. regulatory framework divides financial assets into two categories: securities and commodities. The U.S. SEC is responsible for regulating securities, while the CFTC is responsible for regulating commodities. Hougan said that this division exists because securities often have insiders, entities that hold critical information that is not available to the public. In contrast, commodities such as gold or oil do not have insiders. This is why they are regulated differently, with the CFTC focusing on ensuring fair markets rather than requiring detailed financial disclosures like the SEC does for securities. He emphasized that decentralized projects like Bitcoin and Ethereum cannot have traditional insiders due to their inherent design. These projects are decentralized in nature, meaning there is no central authority or entity with inside information. Therefore, attempting to classify cryptocurrencies as securities (as is often done in current U.S. regulatory discussions) does not fit the reality of how these networks operate. Echoing Hougan’s sentiments, Ripple CEO Brad Garlinghouse also criticized the current crypto regulatory framework, arguing that existing securities laws are out of step with the technological advancement that crypto represents. A key point Hougan made was that rather than trying to regulate decentralized crypto projects as securities under the SEC, it would be better to have the CFTC regulate them. He explained that the CFTC’s focus on creating fair markets rather than requiring insider disclosures makes it a more appropriate regulator for decentralized networks like Bitcoin or Ethereum. Hougan noted that some industry insiders, including Garlinghouse, have advocated for CFTC regulation. They believe that the SEC’s current stance on cryptocurrencies as securities is not only ineffective, but also counterproductive. Meanwhile, Garlinghouse disputed former SEC official John Reed Stark’s claim that cryptocurrencies, including Ripple’s XRP, are securities, calling Stark’s remarks “provably false” and reiterating that XRP is not a security.

Stablecoins, stablecoin payment track: Who is the real winner? Golden Finance, the trend of the stablecoin market and which parts will generate the greatest value

Crypto[.]comがMastercardと提携 海外暗号資産（仮想通貨）取引所クリプトドットコム（Crypto.com）が、米決済大手マスターカード（Mastercard）と主要ライセンス契約を締結し、マスターカー […] source: https://www.neweconomy.jp/posts/437819

AscendEX (formerly BitMax) will launch LilAI (LILAI) for the first time at 20:00 on December 10, opening the LILAI/USDT trading pair, and deposits are now open.

JOCのバリデーターにNethermind参画へ ジャパンオープンチェーン（Japan Open Chain：JOC）のバリデータに、イーサリアム（Ethereum）のノードソフトウェア「ネザーマインド（Nethermi […] source: https://www.neweconomy.jp/posts/438037

AscendEX (formerly BitMax) will launch XYO (XYO) at 20:00 on December 10, opening the XYO/USDT trading pair, and deposits are now open.

MEトークンの割り当てチェッカー公開 NFTマーケットプレイス「マジック・エデン（Magic Eden）」を支援する独立組織「ME財団（ME Foundation）」が、「ME」トークンの割り当て数を確認できるチェッカー […] source: https://www.neweconomy.jp/posts/437582

As the U.S. Senate Banking Committee prepares to vote on the reappointment of SEC Commissioner Caroline Crenshaw on Dec. 11, Consensys attorney Bill Hughes has expressed concerns about her record, particularly her stance on cryptocurrency regulation. Hughes believes that her reappointment could be seen as an act of political hostility to the crypto industry, as her views contrast with growing support for crypto-friendly policies within the U.S. government, including the recent nomination of Paul Atkins by President-elect Trump as SEC Chairman. Hughes has been a vocal critic of Crenshaw’s approach to cryptocurrency regulation. He noted that if the Senate votes to confirm her reappointment, it would be seen as a major step backward for the cryptocurrency industry. He specifically mentioned Crenshaw’s opposition to a Bitcoin ETF, a move that has drawn widespread criticism. (CoinGape)

ファウンダーアクセスパック購入でゲームの先行体験が可能 アイスランドのゲーム企業「CCP Games」が手掛けるWeb3サバイバルゲーム「Eve Frontier（イブ・フロンティア）」は10日、クローズドアルファ版への […] source: https://jinacoin.ne.jp/eve-frontier-20241210/

In an exclusive interview, Morgan Creek Capital CEO Mark Yusko shares his cryptocurrency predictions for 2025, including Bitcoin’s growth potential and the outlook for altcoins.

Floki is one of a growing number of cryptocurrency companies that have issued their own regional payment cards that allow users to spend cryptocurrencies.

World playfully criticised Spotify’s privacy practices by parodying its Wrapped feature, highlighting its own anonymous identity service, World ID. Using biometric scanning, World ID ensures secure verification, but the company faces privacy concerns and regulatory challenges globally.

OpenAI,sora,OpenAI officially released Sora. Let's understand its video generation function in one article. In addition to video generation, it can also create unlimited videos.

Brian Armstrong, CEO of Coinbase, has recently tied the knot with Angela Meng, a former South China Morning Post reporter and investment banker.

The crypto shooter OverTrip has launched on PC via the Epic Games Store, kicking off its third season with a new battle royale mode where players can wager meme coins.

One expert said that while Willow is a significant development, it is not enough to pose a threat to encryption technology, at least for now.

Because the fees for buying and selling foreign exchange in banks or foreign exchange companies are high, when faced with a request from a WeChat friend to exchange the local legal currency, Naira, into RMB, he came up with a perfect solution.

Floki, in partnership with Mastercard, has launched a zero-fee crypto debit card in Europe, supporting 8 blockchains and major crypto like Bitcoin and Ethereum. Despite this milestone, Floki's price has fallen nearly 7% in the past 24 hours amidst market volatility.