With crypto exchanges failing and hot wallets being hacked almost everyday, many crypto users are nervous about security.

This is where the Ledger hardware wallets come in.

I just realized the beginning of this post sounds like an advertisement….HOWEVER I hope by the end I can convince you that I am only trying to share information that I feel to be important.

The beauty of a hardware wallet, like Ledger, is hard to see until you have experienced a hack or loss of your crypto/assets.

Until you have experienced a hack or loss of crypto, you will probably think a hardware wallet is a luxury.

I am here to tell you, if you are serious about cryptocurrency and keeping it safe, having a hardware wallet is an absolute necessity!

I learned my lesson the hard way after Voyager collapsed and when I had my MetaMask wallet hacked, so I would like to save you the horrible experience of losing your crypto.

For years, users have been passively earning cryptocurrency by staking their crypto on hot wallets or with a cryptocurrency exchange.

These were always the easiest options for staking, but there is an inherent risk of losing your staked crypto via a hack or simply the exchange going out of business.

Now, the easiest and safest way to stake your Ethereum (ETH) is by purchasing a Ledger hardware wallet, accessing the Ledger Live application, and then staking your ETH with Lido.

By staking your Ethereum with Lido, not only do you earn a competitive interest rate of 4.6%, you also are staking your ETH from the absolute safety of your Ledger wallet.

There is absolutely zero risk of your ETH being hacked, like a hot wallet, nor could it be simply lost forever by Ledger, the company, going out of business.

When staking with Lido, users receive stETH tokens which are issued 1:1 to their initial stake of ETH.

With Lido, there is no lock-up and you can unstake your ETH whenever you please.

Simply having the option to unstake your ETH is already a step above almost every other wallet and exchange, as ETH is normally locked up until the highly-anticipated Shanghai upgrade (which was recently pushed back to April).

This is all possible because of Lido’s Liquid Staking feature, which allows “users to get staking rewards without locking tokens or maintaining staking infrastructure”.

The staking rewards are also updated daily and in real-time, so you will never have to wait on your rewards to hit your account.

Despite it being the most secure way to stake your ETH, please be aware that there are risks involved by using Lido; which include:

• **Smart Contract **— Lido could contain a smart contract vulnerability that could be exploited.

• Technical — The Ethereum Beacon chain (the original Proof-of-Stake blockchain) could have been developed with errors and possibly exploited.

• Adoption — If the Beacon chain fails to reach required levels of adoption there could be significant fluctuations in the value of ETH and stETH.

• Slashing — If Beacon chain validators fail, all staked funds would be at risk. Lido stakes across multiple validators to minimize this risk.

• Price — The exchange price of stETH could potentially lose value due to “withdrawal restrictions on Lido, making arbitrage and risk-free market-making impossible”.

I have been meaning to post this for some time now, so I am happy to finally post this and get this out to the readers.

Hopefully, I was able to convince some of you get your Ethereum (ETH) off of any hot wallets or exchanges ASAP, and secure them on a Ledger wallet to earn staking rewards.

Even if you do not care about staking your ETH, please consider moving your crypto to a hardware wallet to keep it as safe as possible.

If you are interested in purchasing a Ledger wallet, please consider using my referral link so we can both get $10 worth of Bitcoin:

https://shop.ledger.com/?referral_code=G3CNK58K10MTD

What are your thoughts on this?

Have you purchased a Ledger hardware wallet yet?

If so, which one do you have and how are you enjoying it?

Are you currently staking with your Ledger wallet?

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The Attorney General is suing KuCoin on the grounds of “failing to register as a securities and commodities broker-dealer and falsely representing itself as an exchange”.

The Office of the Attorney General (OAG) stated that despite KuCoin not being registered in New York, they were still able to buy/sell cryptocurrency on the KuCoin platform.

The filed lawsuit is seeking to prevent KuCoin from doing business in the state of New York and “to block access to its website until it complies with the law”.

The lawsuit claims that KuCoin’s Earn program is also a form of unregistered securities.

Here is the actual lawsuit filed into court against KuCoin: https://ag.ny.gov/sites/default/files/2023.03.09_-_memorandum_of_law_-_people_v_mek_global_limited_and_phoenixfin_pte_ltd_dba_kucoin.pdf

“One by one my office is taking action against cryptocurrency companies that are brazenly disregarding our laws and putting investors at risk. Today’s action is the latest in our efforts to rein in shadowy cryptocurrency companies and bring order to the industry. All New Yorkers and all companies operating in New York have to follow our state’s laws and regulations. KuCoin operated in New York without registration and that is why we are taking strong action to hold them accountable and protect investors.”

- Letitia James, Attorney General of the State of New York

Surprisingly, the lawsuit also went on to claim that Ethereum (ETH) was a security, on the grounds that “since transitioning to the proof-of-stake consensus, possession of ETH translates directly to profit potential by earning staking rewards.”

The lawsuit argues that ETH, LUNA, and UST are all speculative assets that rely “on the efforts of third-party developers in order to provide profit to the holders”.

This is actually one of the first times in regulatory history that someone has claimed, in court, that Ethereum is a security.

I am curious to see what may happen as a result of this, and worried it might start a larger investigation into Ethereum and potentially many other cryptocurrencies.

New York is turning into one of the least-friendly states for cryptocurrency in the entire United States.

In just the last two years, Attorney General James has taken legal action against BlockFi, Celsius, CoinEx, and Nexo.

If this lawsuit were successful, KuCoin would be forced to “implement geo-blocking based on IP addresses and GPS location to prevent access to KuCoin’s mobile app, website, and services from New York”.

Luckily, here in the USA, states have different rules and regulations, and for that reason I am thankful this lawsuit is not applying to the rest of the country.

What are your thoughts on this news?

Are you concerned about KuCoin?

Does this news make you consider moving assets off of KuCoin?

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On March 7th, Judge Michael Wiles of the U.S. Bankruptcy Court for the Southern District of New York officially approved the purchase agreement between Binance.US and Voyager for $1.02 billion.

This important court decision came a week after the U.S. Securities and Exchange Commission filed an objection against the deal, on the grounds that Binance.US is operating as an “unregistered securities exchange”.

The purchase agreement was also objected to by the U.S. Federal Trade Commission (FTC) in late February.

While making his decision, Judge Michael Wiles stated that the SEC “was not affirmatively contending that [Voyager] was doing anything wrong nor that Binance.US was doing anything wrong”.

Judge Wiles also pointed out that, despite the claims made by the SEC, they were unable to explain how Binance.US was operating as an unregistered securities broker.

Since neither the SEC or FTC could present any evidence to support their claims, Judge Michael Wiles says he could no longer hold up the deal between Binance.US and Voyager.

“Our goal has always been to return customers their cryptocurrency on the fastest timeline possible and empower users to make their own decisions about their own assets. We look forward to completing the transaction and welcoming Voyager customers to Binance.US where they can expect the highest levels of service and support.”

- Statement from Binance.US

I have been covering this deal between Binance and Voyager very closely as I am a customer/victim of Voyager.

To see this news, brings me so much relief after a hectic couple of months where Voyager customers were really unsure about what might happen.

From my understanding, there is nothing else stopping this deal from moving forward and it now falls on Binance.US to complete the transaction.

As soon as we get any more information, I will be sure to write about it!

What are your thoughts on this news?

Do you think it is okay to celebrate yet? Or should we wait until we get our crypto/assets back?

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On March 3rd, the Wall Street Journal published a bombshell report that claims the crypto companies backing Tether (USDT), the largest stablecoin in the world, used “shadowy intermediaries, falsified documents and shell companies” to access the Global Banking System.

According to the report, the efforts to keep their bank accounts via fraudulent methods was necessary after Wells Fargo stopped processing transactions from Taiwanese accounts using Tether in 2017.

Tether investors and users became anxious after this, and Tether reportedly decided to take matters into their own hands by opening new bank accounts “using established business executives and tweaking company names”.

The report also claims that Tether, and the exchange Bitfinex, used shell companies “to open networks of bank accounts that worked as an unlicensed money transmitting business for crypto companies”.

According to an email obtained by the Wall Street Journal (WSJ), one of the owners of Tether Holdings Ltd, Stephen Moore, stated that a major Tether trader was attempting to “circumvent the banking system by providing fake sales invoices and contracts for each deposit and withdrawal”.

In that same email, Stephen Moore then appears to admit that he knowingly signed off on the false sales invoices/contracts, and says it is too risky too continue with the efforts to open Bank accounts by fraudulent means.

After the WSJ report made its waves, Tether responded by publishing a statement on their website.

Tether utterly rejected the claims made by the Wall Street Journal by calling the allegations “wholly inaccurate and misleading”, while also affirming that Tether touts “world-class compliance programs”.

“The Wall Street Journal’s report about stale allegations from long ago is wholly inaccurate and misleading. Bitfinex and Tether have world-class compliance programs and adhere to applicable Anti-Money Laundering, Know Your Customer, and Counter-Terrorist Financing legal requirements.

Bitfinex and Tether are proud partners of global law enforcement, and routinely and voluntarily assist the United States Department of Justice and other law enforcement organizations across the world in preventing money laundering, terrorism, and other crimes by bad actors.

These unfair attacks will not distract us from continuing with those efforts and offering the most liquid and reliable stablecoin experience, which the market has clearly recognized by making us the leaders in the industry.”

- Tether

Tether is the 3rd largest cryptocurrency with a Market Cap of $71 billion, and is currently the most traded crypto in the entire world with a 24-hour trading volume exceeding $31 billion USD.

This brings some context as to why a company might go to these lengths to keep access to liquidity.

With such a large operation, you can understand why losing access to the Global Banking System would be an immediate threat to the existence of Tether.

In my personal opinion, I have always stayed away from Tether (USDT) whenever I could.

I have always been concerned whether Tether is actually backed by anything, and I do not want to be caught holding the bag on Tether if it were to ever unravel.

I will end this by saying that is is important to remember these are only allegations and there is still a lot more to learn about this before we can make any determinations on what happened.

What are your thoughts on this news?

Do you trust Tether?

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On March 2nd, one of the largest banks in the United Kingdom, HSBC, officially banned customers from purchasing cryptocurrency using their credit cards.

According to a report by Bloomberg, HSBC is joined by another top bank, Nationwide, as they have also banned the the purchase of crypto with credit cards.

Nationwide took it even further by implementing “daily limits to debit card payments made to purchase cryptocurrency”.

The daily limit is capped at £5,000 a day, and if the amount is exceeded the transaction will be declined.

“There are certain risks with purchasing cryptocurrency, as highlighted by the Financial Conduct Authority (FCA). We’ve set up these restrictions to help protect you and to try and keep your money safe.”

Statement from Nationwide

From an outsider’s perspective, United Kingdom is slowly but surely becoming one of the least crypto-friendly places in the entire world.

Since 2018, seven of the top banks in the UK have either outright banned cryptocurrency or have severely limited the ability of customers to make transactions related to Cryptocurrency.

The seven banks I mentioned are:

• HSBC — Banned crypto purchases with credit cards.

• Nationwide — Banned crypto purchases with credit cards, and imposed a daily transaction limit of £5,000.

• Santander — Limits customers to single transactions of £1,000, with a total limit of £3,000 in any 30-day period.

• Barclays — Banned customers from buying/selling crypto.

• Starling — Banned customers from all crypto transactions.

• Lloyds — Banned crypto purchases with credit cards.

• NatWest — No longer does business with any cryptocurrency companies.

As you can see from the list above, the options for customers in the United Kingdom are drying up.

The way I see it, eventually there will be almost no banks or financial institutions, in the UK, that will deal with cryptocurrencies.

What are your thoughts on this news?

Any readers from the UK? I would like to hear your opinion on the current situation, as you right in the thick of it.

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The current Voting Session ends on March 16th, so if you haven’t voted yet, make sure to get a move on!

Unfortunately, this voting session is only available to Governors who signed up for the new Governance Period and committed ALGOs before January 15th.

Read the Algorand Governor’s Guide here, to find out how to become a Governor for a future Governance Period.

Before I go into the Algorand Governance Voting Session, I want to explain Algorand a little bit for those who may be unfamiliar.

Algorand is based on a permissionless blockchain protocol called pure proof-of-stake.

According to Algorand, pure proof-of-stake means that for anyone wanting to participate in the Algorand network, they can signal that intent by flagging an account with algos as a participant (like flipping on a light switch). “Pure” means users are free to come and go as they please as their algos are not locked up for any period of time as in other proof-of-stake systems. Any user can turn off the light switch at any time with no penalty or fear of losing their stake.

Read here for more information about Pure Proof of Stake.

I love the Governance program, how easy it is vote on important measures and feel like a part of the community. I also believe it to be one of the easiest and most streamlined DeFi experiences in all of crypto.

Okay, now back to the main piece, the Governance Voting Session.

I will run you through a normal voting session so if you are unfamiliar with the process or perhaps looking to participate in a future vote, this could be a helpful guide.

The first thing we must do when we get to the Governance page is to Connect our Algorand Wallet.

I use the Pera Wallet and I have absolutely no complaints at all!

I would highly recommend using Pera Wallet for all your Algorand needs, as it has a very smooth UI and I never run into any issues.

Once you choose your wallet, you be presented with a QR code that you must sign with your wallet on your mobile device.

Once you scan the QR code, you should get a request to Connect your Wallet to the Algorand Governance Platform.

Hit “Connect” and you should be good to go.

After connecting your wallet to the Algorand Governance Platform, you should see your linked account(s) and your ALGO Balance. Here you will need to select the account you desire to use for this Governance Voting Session.

I only have one Account so I only have one option to choose from.

Once I hit “Use”, my account should be chosen and then you should be brought to a screen with an option to “Start Voting”.

Select “Start Voting” and you will be taken to the Voting page.

Out of the 30.3k total Governors, only 11k have voted so far

The 11k voters comprise about 461.6 million ALGOs, out of the 4 billion total ALGOs committed by all Governors.

This is important to keep an eye out on, because if some Governors are ineligible or do not vote, their rewards share is split among the remaining Governors.

More ALGO rewards for me and my fellow Governors who are on top of things!

The Algorand Foundation states that this Period 6 Voting Session is about “moderating the amount of rewards distributed through the General Governance program, or Governance 1.0, for the purpose of shifting the ALGO distribution to programs that focus on ecosystem growth.”

Now go ahead and read each measure, then select the option you would like to vote for.

Once you select your vote for the two measures, select “Submit your votes” in the bottom-right corner of the page.

You should then be sent a transaction request to your Algorand wallet, which you will need to confirm and sign.

Once the transaction request is signed and confirmed on your Algorand Wallet, you should see confirmation on the Voting page that your 2 votes were successfully submitted.

Your rewards, for participating in the Governance Vote, will be distributed on March 31st, 2023.

Congratulations, you have now voted on Algorand Governance and contributed to the improvement of the DeFi ecosystem!

Comment below if you are an Algorand Governor and have voted.

I want to see how many we have here on Pub0x.

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The Binance/Voyager deal has been under scrutiny since it was accepted, as both the U.S. Securities and Exchange Commission (SEC) and the U.S. Federal Trade Commission (FTC) objected to the deal.

The tweet by CZ comes after the most recent Voyager bankruptcy court hearing, on March 2nd, where the court would decide if the deal should continue or not.

“You come here and tell me … that I should stop everybody in their tracks because you might have an issue, It’s kind of a weird objection. I get the feeling that this objection has been made as a kind of cover, so you can say later that we’ll see we raised these issues. You haven’t really, you have done nothing … I need to know specifics.”

- Michael Wiles, U.S. Bankruptcy Court Judge

Surprisingly, at the beginning of the Bankruptcy Court Hearing, U.S. Bankruptcy Court Judge Michael Wiles went on a rant picking apart the SEC’s objection to the Binance/Voyager deal.

The Judge brought into question that the SEC did not bring up any specifics in their objection, and that they were simply holding up the process for no good reason.

Judge Wiles also made an excellent point that he believes the SEC and other regulatory agencies only objected to the deal now, so that later in the future they could potentially turn around and cause issues.

In response to these cutting remarks by Judge Wiles, the SEC Senior Trial Attorney William Uptegrove stated that he believes Binance.US is operating an “unregistered securities exchange”.

He went on to state that Voyager also is an unregulated securities exchange after they offered and sold their own VGX tokens to the public.

However, after making these claims, the attorney then said that these claims were only the personal views of the staff, and that the SEC has not made any determinations on these issues.

This did not sit well with Judge Michael Wiles as he dismantled the SEC’s odd argument by calling it unprofessional and expressed shock at how staff members of the SEC could express personal views as allegations without evidence.

After the hearing concluded, Binance.US wasted no time in releasing a statement, responding to the allegations, that pointed out the SEC made allegations without actually being specific or explaining how.

“It is regrettable that an SEC staff member would make allegations, that Binance.US and platforms like ours are operating an unregistered exchange, without specifying the assets listed on our exchange that the SEC considers to be securities. We, along with others in our industry, remain committed to constructive dialogue with regulators and supporting a comprehensive regulatory framework drafted and passed by Congress to ensure innovation continues in the United States.”

- Binance.US Spokesperson

I believe it is also important to note that all this drama comes after the Binance/Voyager deal was voted on by customers, and passed with 97% voting in favor of the deal.

At the end of the day, as a Voyager customer/victim, I just want this all to be over and I will accept whatever crypto/assets I get back from the deal.

I think this is why you see 97% voting in favor of this deal; we are just so tired of this whole process.

What are your thoughts on this news?

Do you think the Binance/Voyager deal will go through successfully?

Are you surprised the Judge is actually standing up to these rogue regulatory agencies?

Enter my Monthly Giveaway on Publish0x to win yourself some free Crypto!

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Hey Peeps!

It is time to Vote for Zero to Hero’s Crypto Reward of March!

Voting is extremely easy:

1. Comment your favorite Cryptocurrency on this post.

2. Last month’s Crypto Reward of the Month cannot be selected again, so that means votes for Bitcoin (BTC) will NOT be counted.

**3. **Leave your comment by **11:59pm UTC **on Friday, March 10th.

4. Congrats! You just voted!

5. Keep an eye out for the next Zero to Hero post so you can enter!

6. Please consider Liking and Tipping the post to get this trending, and we grow that Monthly Reward!

The Past Crypto Rewards of the Month and the respective Winners:

• August 2022** **— Bitcoin (BTC) — B18

• September — Nano (XNO) — HattyHats

• October — Litecoin (LTC) — dj journeyman

• November — Bitcoin (BTC) — Yugocean

• December — Bitcoin Cash (BCH) — olike

• January 2023 — Cosmos (ATOM) — PrestonR13

• February** **— Bitcoin (BTC) — Green Crypto Frog

• March — ??? — ???

Take charge of which Crypto Reward you want and VOTE now!

So what exactly is the Zero to Hero Giveaway?

• It is a monthly giveaway on Publish0x, where I have committed to giving back 25% of my monthly Publish0x earnings to One Lucky Follower.

• Every month, my followers get to vote on the Crypto Reward of the Month.

• The Crypto that receives the most votes, will determine the crypto that the Zero to Hero Winner will be paid out in.

• I normally make a Post for the Voting process in the first couple days of the month, and followers have until the 10th to get their votes in.

• If you have any questions, feel free to ask in the comments!

If you are curious how the Winner is selected, check out this video:

See ya!

:)

The moment you have been waiting for all month is finally here!

Today, I announce the Winner of the Zero to Hero Giveaway for February!

With an income-based Giveaway, transparency is key; so you can see my stats for February in the image above.

I had my best month ever on Publish0x with almost 40k views, 1.6k likes, and a monthly haul of $27.89.

I also went from 739 followers to 874 followers!

We had 48 Followers enter the Giveaway this February; this is down from 65 followers in the January Giveaway.

Sadly, I expected the number of entrants to grow; Perhaps the Giveaway is losing steam…

With 48 entrants, this equals about 5.49% of my total followers.

My goal is to get at least 33% of my followers to enter the Zero to Hero Giveaway before the end of 2023.

Based off the monthly earnings of $27.89, the Winner will be rewarded with $6.98 worth of Bitcoin (BTC).

Without any further delay let’s get right into it!

The WINNER is . . . . . . . . . . Green Crypto Frog !!!

Please join me in congratulating Green Crypto Frog down in the comment section! 🥳🎉🎊

Below is the Payment Proof :

If you are curious how the Lucky Follower is selected, check out this video:

Another successful month in the books!

Without you, I would not be able to do any of this!

If you have any suggestions on how the giveaway or I can improve, please feel free to comment below!

THANK YOU SO MUCH TO EVERYONE WHO JOINED THE ZERO TO HERO GIVEAWAY!

I will be writing a post in the next few days that will start the Voting process for March’s Crypto of the Month!

Start thinking about which Crypto you want to vote for!

Please note, that since Bitcoin (BTC) won the vote last month, it cannot win for March.

So what exactly is the Zero to Hero Giveaway?

• It is a monthly giveaway on Publish0x, where I have committed to giving back 25% of my monthly Publish0x earnings to One Lucky Follower.

• Every month, my followers get to vote on the Crypto Reward of the Month.

• The Crypto that receives the most votes, will determine the crypto that the Zero to Hero Winner will be paid out in.

• I normally make a Post for the Voting process in the first couple days of the month, and followers have until the 10th to get their votes in.

• If you have any questions, feel free to ask in the comments!

See ya!

:)

If you were not aware, the creators of the Bored Ape Yacht Club NFT collection, Yuga Labs, launched their very first video game called "Dookey Dash". 

Only the holders of BAYC (Bored Ape Yacht Club) and MAYC (Mutant Ape Yacht Club) NFTs would be eligible to play the game.

Dookey Dash is an endless runner game, where the goal is to stay alive and run as long as possible within the game; the farther and longer you go, the higher your score is.

The Dookey Dash event ran from January 19th to February 8th, and after all was said and done, the winner was announced to be Kyle "Mongraal" Jackson. 

Kyle "Mongraal" Jackson is actually a professional esports player, who rose to fame by playing the wildly popular video game "Fortnite". 

For winning the Dookey Dash event, Kyle "Mongraal" Jackson recieved a one-of-a-kind NFT called "the Key".

Check out this Tweet which shows the last 3 minutes of the 1st place run.

Now that you are all caught up, let us get to the real story. 

Kyle "Mongraal" Jackson has officially sold the Key NFT to Adam Weitsman for grand total of 1000 ETH, which was approximately $1.63 million at the time of sale. 

Before the final offer was accepted, there were submitted bids of 690 ETH by UpDAO and 999 ETH by 9GAG. 

 Here is the Tweet from Kyle "Mongraal" Jackson announcing the sale of the Dookey Dash winning Key NFT.

Now that the Dookey Dash game has concluded, it looks like a new game, called "Lick The Toads", is available to play, and even more will be coming in the future. 

Here is the link to the mysterious roadmap that Yuga Labs has in store for the BAYC world: https://mdvmm.xyz/

The craziest thing about this whole story is that the winner, Kyle "Mongraal" Jackson, is only 18 years old.....and he just sold an NFT for $1.63 million!

I need to take a moment to pick my jaw off the ground. 

Good for this kid to have earned this life-changing amount of money, but I can't help but feel a tiny bit jealous lol. 

What are your thoughts on this news?

Did you ever expect a video game reward to sell for over $1 million?

What would you do with $1 million right now?

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It takes 5 seconds to enter!

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On February 27th, the stock and crypto trading application, Robinhood, revealed that they are currently being investigated by the U.S. Securities and Exchange Commission. 

The revelation comes from Robinhood's most recent 10-K filing, and states that the company received an "investigative subpoena" from the SEC to look into the platform's cryptocurrency operation. 

There is not too much information about the ongoing investigation, but Robinhood's filing does state that the investigation is in regards to the company's "supported cryptocurrencies, custody of cryptocurrencies, and platform operations".

Here is the direct quote from the filing which briefly mentions the SEC Investigation:

"From time to time, we have received, and might in the future receive SEC inquiries regarding specific cryptocurrencies supported on our platform and added features and in December 2022, following the 2022 Crypto Bankruptcies, we received an investigative subpoena from the SEC regarding, among other topics, RHC’s supported cryptocurrencies, custody of cryptocurrencies, and platform operations."

- Robinhood

Robinhood is clearly worried about this investigation and the ramification it can have on their business operations, as well as the liability it may open them up to. 

Based off the 10-K filing it sounds like Robinhood would delist the cryptocurrencies to stay in line with regulation, if the SEC were to determine a crypto to be a security.

With the SEC Chair Gary Gensler recently saying "everything other than Bitcoin is a security", you can understand why companies like Robinhood are bracing for impact. 

I want to share another section from Robinhood's 10-K filing, where the company goes on about the potential issues that may be caused by the SEC's investigation and subsequent ruling:

"To the extent that the SEC or a court determines that any cryptocurrencies supported by our platform are securities, that determination could prevent us from continuing to facilitate trading of those cryptocurrencies (including ceasing support for such cryptocurrencies on our platform). It could also result in regulatory enforcement penalties and financial losses in the event that we have liability to our customers and need to compensate them for any losses or damages. We could be subject to judicial or administrative sanctions for failing to offer or sell the cryptocurrency in compliance with securities registration requirements, or for acting as a securities broker or dealer without appropriate registration.

Such an action could result in injunctions and cease and desist orders, as well as civil monetary penalties, fines, and disgorgement, criminal liability, and reputational harm. Customers that traded such supported cryptocurrency through our platform and suffered trading losses might also seek to rescind transactions that we facilitated on the basis that they were conducted in violation of applicable law, which could subject us to significant  liability and losses. We might also be required to cease facilitating transactions in the supported cryptocurrency, which could negatively impact our business, operating results, and financial condition."

- Robinhood

This is clearly another case of the SEC going around and trying to subpoena the cryptocurrency industry until they fall in line and follow orders. 

It makes sense that the SEC would also be going after Robinhood and other traditional financial institutions to dissuade them from getting into cryptocurrency. 

Based off Robinhood's statements, it will be most likely be easier to leave the cryptocurrency market instead of fight the SEC and other regulatory agencies on the matter. 

Robinhood currently has 18 cryptocurrencies listed on their application, and have focused on releasing their own Robinhood Wallet and other ventures into web3. 

In my opinion, it would be shocking to see Robinhood dip out of the cryptocurrency space after all the effort and resources they put into it. 

What are your thoughts on this news?

Why do you think Robinhood kept this investigation under wraps for so long?

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The interview was a deeper look into Keanu Reeves' way of thinking, as well as his working relationship with the Director of the John Wick franchise, Chad Stahelski.

Reeves and Stahelski originally met during the filming of the Matrix franchise, as Reeves was the lead star and Stahelski was his stunt-double, then eventually became the Stunt Coordinator for the later films.

During the interview, the Wired representative asks about Bitcoin and how they have a striking similarity to the gold coins used within John Wick movies. 

Reeves and Stahelski jokingly take credit for proliferation of Bitcoin and cryptocurrency after the success of the John Wick franchise. 

Then the interviewer mentions how cryptocurrency is having a tough time right now, and Keanu answers by first praising the concepts behind Bitcoin and cryptocurrencies, and then reaffirms his belief that this tough period will pass and crypto will be that much stronger for it. 

Here is the actual exchange from the Interview:

Speaking of incidentals in John Wick, those coins the hit men use. They look a lot like bitcoins, but Bitcoin wasn’t very big when you made the first movie.

Stahelski:* [Laughs] We’re going to take credit for that.*

It’s kind of ironic how it’s the cryptocurrency of this underworld. In the real world, crypto is having a tough time.

Reeves:* I think the principle, the ideas behind an independent currency, are amazing. These are amazing tools for exchanges and distribution of resources. So to pooh-pooh crypto, or the volatility of cryptocurrency, it’s only going to make it better in terms of how it’s safeguarded.*

The interview goes on to discuss topics like the Metaverse, Artificial Intelligence, ChatGPT, movie franchises, and Science Fiction. 

There is a lot going on in the world of cryptocurrency, it is good to sometimes take a moment to appreciate where we are and how far we have come. 

I saw this interview in the news and wanted to share something light with you peeps. 

What are your thoughts on this news?

Do you think genuine interest in crypto by celebrities would lead to more crypto adoption?

Are you a fan of Keanu Reeves? 

What is your favorite movie of his?

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During an interview with New York Magazine, the Chair of the U.S. Securities and Exchange Commission, Gary Gensler, made a claim that all cryptocurrency transactions are securities, and would fall under the SEC's jurisdiction to regulate.

Gensler pointed out one notable exception to his blanket statement and that is, of course, Bitcoin. 

The SEC Chair's statement leaves really no room for misunderstanding, and this would also include the top cryptocurrencies like Ethereum (ETH) and Binance Coin (BNB). 

“Everything other than Bitcoin, you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth.

They might drop their tokens overseas at first and contend or pretend that it’s going to take six months before they come back to the U.S., But at the core, these tokens are securities because there’s a group in the middle and the public is anticipating profits based on that group.”

- Gary Gensler, Chair of the U.S. Securities and Exchange Commission

Back in 2021, Gensler made the headlines multiple times during the year for refusing to state whether Ethereum was a security, and outright calling Stablecoins a security. 

It is not hard to believe that this is now the start of a full-scale attack on cryptocurrency by the SEC and other regulatory agencies, at least in the United States. 

This has been quite a journey to this point, but I can't help but think the SEC and other regulatory agencies were setting up this showdown against cryptocurrency from the beginning. 

“The conflicts in these storefronts, we do not allow in traditional finance, we don’t allow in the securities markets, we don’t allow it in the commercial banking markets, and we don’t allow it in crypto because these storefronts are fundamentally and generally noncompliant with the securities laws as we know them.”

- Gary Gensler, Chair of the U.S. Securities and Exchange Commission

When a friend sent me the quote by Gary Gensler, I did not believe them until I saw it for myself. 

I did not expect Gensler, or really any regulatory head, to outright frame all of crypto as a security.

If I am being honest, I think the SEC is definitely about to come down hard on any and every cryptocurrency company within the jurisdiction of the United States. 

I really hope I am wrong on this one though. 

What are your thoughts on this news?

Is this a declaration of war on all cryptocurrency, besides Bitcoin?

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