🥳 Crypto isn't getting banned anytime soon - U.S. congressman

🥳 Crypto isn't getting banned anytime soon - U.S. congressman 💪Cardano (ADA) passed XRP and became the 6th biggest cryptocurrency 👻 Bill Murray's crypto wallet hacked: 119.2 ETH stolen

GM, vEmpions! Here we are with the recap of what happened over the weekend:

🥳 Crypto isn't getting banned anytime soon - U.S. congressman 💪Cardano (ADA) passed XRP and became the 6th biggest cryptocurrency 👻 Bill Murray's crypto wallet hacked: 119.2 ETH stolen

Crypto isn't getting banned anytime soon - U.S. congressman

Just when you thought the crypto industry was finally getting some respect from the establishment, along comes a U.S. congressman to remind us that we're still not welcome in the club, but we can *kind of* stay as long as we don't make too much noise.

Brad Sherman, head of the House Financial Services Subcommittee on Investor Protection, told in an interview that cryptocurrencies wouldn't be banned in the United States "anytime soon."

The reason? Because there's too much money and lobbying behind the industry: "Money for lobbying and money for campaign contributions works, or people wouldn’t do it; and that’s why we haven’t banned crypto" said Sherman.

The congressman's remarks come as a bit of a surprise, given the recent crackdown on crypto by the U.S. government. The Californian politician himself has been one of the most vocal critics of cryptocurrencies in Congress, repeatedly calling for a blanket ban on digital assets. Sherman has claimed that cryptocurrencies facilitate terrorism and other nefarious activities, and that they have the support of "anarchists" who are advocating for tax evasion.

In July, Sherman riled up the supporters of the XRP cryptocurrency after stating that the controversial token is an unregistered security.

So there you have it. The only thing that seems to be stopping the U.S. government from banning cryptocurrencies is the fact that they're too popular and too well-funded. The sad reality is that, until cryptocurrencies are more widely accepted and mainstreamed, we will continue to be seen as a threat by those in positions of power. So keep up the good work, everyone! We're almost there!

Cardana (ADA) passed XRP and became the 6th biggest cryptocurrency

Cardano (ADA) has finally unseated XRP as the sixth-most valuable cryptocurrency by market capitalization. The price of ADA soared 5.4% in 24 hours, about a week after Cardano founder Charles Hoskinson announced that the Vasil hard fork would take place on Sep. 22, 2022.

This is a stunning achievement. In just five short years, Cardano has managed to achieve what XRP couldn’t in over a decade: become a top ten cryptocurrency by market cap.

Of course, it helps that Cardano’s native token, ADA, is currently enjoying a price surge. ADA’s recent price increase can be attributed to several factors, including the hard fork and increasing institutional interest.

The hard fork, named after Vasil Dabov, is a planned upgrade that will introduce new features and improvements to the Cardano network. These include support for meta-data in transactions, which will enable users to attach documents and other files to their transactions. The hard fork is also designed to improve the scalability of the Cardano network.

The price of ADA has also been boosted by institutional interest. In the past year, major financial institutions such as Goldman Sachs and JPMorgan Chase have have shown interest in Cardano as well as some other cryptocurrencies. These announcements have caused a surge in demand for ADA, driving up its price.

So, what’s next for Cardano? Only time will tell. But one thing is for sure: Cardano’s recent success is a major milestone for the cryptocurrency industry as a whole.

Bill Murray's crypto wallet hacked: 119.2 ETH stolen

It seems that even Hollywood legend Bill Murray is not safe from the perils of the crypto world. Just hours after receiving funds from an NFT auction inspired by his life, Murray's Ethereum (ETH) wallet was hacked and 119.2 ETH were stolen.

Although investigations are ongoing, it seems that the hacker made off with a significant sum of money. However, it could have been worse - the hacker also attempted to steal around 800 NFTs from Murray's personal collection but was foiled in the attempt.

It's not yet clear how the hacker managed to gain access to the funds, but Murray's team is working with crypto analysis firm Chainalysis to conduct a forensic audit into the incident. In the meantime, they have moved the remaining NFTs to a safehouse wallet.

It just goes to show that even Hollywood A-listers are not immune to the dangers of the digital world. Let this be a lesson to us all - always be vigilant when dealing in crypto. We can only hope that this incident doesn't discourage Bill Murray from dipping his toes into the world of crypto - after all, we need more celebrities to get involved if we ever want to achieve mainstream adoption.