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Binance vs. SEC: Judge shows skepticism on BUSD as investment contract

The highly anticipated hearing of the SEC’s lawsuit against Binance occurred today in Washington, as the trial revealed several challenges for the leading exchange. Last year, the SEC accused Binance and its U.S. arm of multiple violations, including inflating trading volumes, misusing customer funds, and misleading investors about market controls, further complicating the crypto regulatory landscape. In presiding over the case, Judge Berman Jackson took a direct approach, bypassing prepared arguments and asking incisive questions. Her skepticism about the necessity of a contract in an investment contract , drawing on the “scheme” language from the landmark Howey case, set a critical tone for the proceedings.  SEC v. @Binance hearing, Update I Judge Berman Jackson has dispensed with the prepared arguments and gone straight to questions. She started with the defense team. -She seemed skeptical that an investment contract actually requires a contract . -She focused o...

Top 5 smart contract cryptocurrencies to invest in September

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A valuable part of the fundamental analysis of the cryptocurrency market is to follow the project’s live development activity. Think of that as being able to sit in an R&D room of the companies you are looking to buy some stocks. This is possible because most projects are being built as open-source software, which means their development is public information that can be watched, and used with other data — such as the market capitalization — for unique insights. The largest platform for open-source development is GitHub. In this context, Finbold collected results shared by the developer Lukas Masuch in a GitHub repository, ranking 62 projects in the category ‘Smart Contract Platforms’, in order to find out which have the best score according to Masuch’s index. “All projects are ranked by a project-quality score, which is calculated based on various metrics automatically collected from GitHub and different package managers.” — Lukas Masuch’s ranking, method description Top 5...