|All Time High:|
|Market Cap: |
|The price of #LBC today is $0.020 USD.|
The lowest LBC price for this period was $0, the highest was $0.020, and the current live price for one LBC coin is $0.01985.
The all-time high LBC coin price was $2.50.
Use our custom price calculator to see the hypothetical price of LBC with market cap of ETH or other crypto coins.
|The code for LBRY Credits crypto currency is #LBC. |
LBRY Credits is 6.6 years old.
|The current market capitalization for LBRY Credits is $4,721,567.|
LBRY Credits is ranking downwards to #669 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #LBC.|
Today's 24-hour trading volume across all exchanges for LBRY Credits is $98,171.
|The circulating supply of LBC is 237,909,858 coins, which is 22% of the maximum coin supply.|
|LBC has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 3 crypto exchanges.|
View #LBC trading pairs and crypto exchanges that currently support #LBC purchase.
More LBRY Credits (#LBC) News
|Judge Clarifies That Security Injunction in LBRY v. SEC Case Was Only fo...
A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project's tokens.
The ruling came during an appeal hearing on January 30, 2023, settling an agelong debate between the SEC and the crypto community.
Judge Clarifies Ruling in LBRY v. SEC Case
The court initially ruled in favor of the SEC in November 2022, granting the commission's request for a summary judgment filed in May 2021.
CryptoPotato reported that the SEC sued LBRY in March 2021, alleging that the platform was selling its native token LBRY Credit (LBC), as an unregistered security.
The agency argued that the blockchain platform raised over $11 million in crypto and cash from investors from 2016 to 2021. The regulator found the sale of the LBC tokens as an investment contract and classified it as a security.
However, LBRY insisted that LBC was not a security as millions of people were active on the platform before any tokens were issued. The project also noted that it held no initial coin offering (ICO).
During the appeal hearing yesterday, the SEC asked the judge to clarify the first ruling, as it looked to prohibit the sale of LBC. Interestingly, the tides changed as the judge explained that the injunction only applied to direct token sales.
Notably, the ruling was greatly influenced by the ef...
|Breaking: Ripple Ally Loses Against SEC
The U.S. Securities and Exchange Commission has defeated peer-to-peer content distribution network LBRY.
The U.S. District Court for the District of New Hampshire has ruled that LBRY offered its LBRY Credits (LBC) token as an unregistered security.
'We're going to lick our wounds for a little bit but we're not giving up,' LBRY tweeted in response to the ruling.
The SEC sued the decentralized content platform in May 2021 for selling unregistered securities just months after bringing a similar lawsuit against blockchain company Ripple.
LBRY claimed that LBC has utility, arguing that some buyers intended to use the token instead of holding it as an investment. Federal Judge Paul Barbadoro rejected this argument. 'Nothing in the case law suggests that a token with both consumptive and speculative uses cannot be sold as an investment contract...Accordingly, statements from a subset of LBC holders that they purchased LBC for use on the LBRY Blockchain is of limited relevance in determining whether LBRY offered it as a security' the judge stated. 'While some unknown number of purchasers may have acquired LBC in part for consumptive purchases, this does not change the fact that the objective economic realities of LBRY's offerings of LBC establish that it was offering it as a security,' he added.
Serious implications for Ripple
The LBRY saga has been closely tracked by lawyers since it could end up being a landmark case. In June, LBRY suggested that the case would ...
|SEC Wins Case Against LBRY, What Does it Mean For Ripple?
In a blow to token issuance models and the overall crypto industry, the SEC has won another case where it has considered a token to be a security.
On Nov. 7, a New Hampshire district court ruled against the decentralized publishing platform LBRY.
LBRY is a decentralized video-sharing platform that enables viewers to earn for watching. Furthermore, creators can earn LBC tokens on its Odysee platform.
A Dangerous Precedent from SEC
The LBRY team apologized to its users and investors with a stark warning about the ruling:
“The language used here sets an extraordinarily dangerous precedent that makes every cryptocurrency in the US a security, including Ethereum.”
The SEC took action against the project in May 2021, accusing it of selling the LBC token as an unregistered security. It is very similar to the ongoing case and accusations made against Ripple.
According to the regulator, LBRY raised $11 million in crypto and cash from investors between 2016 and 2021. It found that this was considered an investment contract and, therefore a security even though LBRY did not hold an ICO (initial coin offering).
The outcome is a huge blow to token issuers, many of which argue that the SEC is regulating by enforcement.
LBRY denied that its token was a security, stating that millions of people were using the platform before any tokens were created or sold. A petition defending the project stated:
“We’ve acted in extremely good faith, attempted to follow all the rules...
|New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project's Te...
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate of interest. On Twitter, LBRY said the language used to sway the court’s decision “sets an extraordinarily dangerous precedent.”U.S. Regulator Wins Judgement Against Decentralized Blockchain Platform LBRY
According to court documents, the U.S. regulatory watchdog, the Securities and Exchange Commission (SEC), has won a case where it argued that LBRY sold an unregistered security that violates section 5 of the Securities Act of 1933. Furthermore, the SEC seeks injunctive relief from the alleged proceeds of LBRY’s LBC token.
Despite LBRY arguing that the blockchain token was not a security, but rather an essential component of the LBRY blockchain network, Judge Paul Barbadoro granted the SEC’s motion for summary judgment. The New Hampshire District Court’s approved summary judgment insists:
LBRY is mistaken about both the facts and the law.
Unlike a myriad of other crypto projects, LBRY did not have an initial coin offering (ICO), and LBRY contends that the SEC’s decision and the language used in the summary judgment sets an “extraordinarily dangerous precedent.”
The dangerous preced...
|XRP Suddenly Jumps 8%, Here Is Striking Thing About This Latest Price In...
The XRP price suddenly rose 10%, outperforming the top 10 cryptocurrencies in gains. At the time of publication, XRP was changing hands at $0.354, up 8% in the last 24 hours. In a surprising move, XRP rose from a low of $0.321 to reach a high of $0.358 on Sept. 16.
XRP up 10%, LBC up 11%, DRGN up 5% All implicated by SEC. https://t.co/11YWHxo2f0
— John E Deaton (214K Followers Beware Imposters) (@JohnEDeaton1) September 16, 2022
CryptoLaw founder John Deaton highlights a striking thing about the latest price increase. As XRP rose 10%, LBC, the native token of the LBRY blockchain, was up 11%, while Dragonchain's token, DRGN, was up 5%. Interestingly, these were assets 'implicated by the SEC,' according to John Deaton.
Referring to Ripple's general counsel SEC's Alderoty Twitter comments on the SEC's chair take on securities, Deaton pointed out the SEC's inconsistencies: 'I remember this moment during the oral argument. Although the SEC attorney initially said he would have to think about it, he ended up saying if it can be said that anyone COULD expect a profit, it doesn't require them to actually expect profits. Think about that for a moment.'
He further added, 'Do you see how the SEC chips away at each prong?'
As reported by U.Today, Ripple's general counsel, Stuart Alderoty, aimed at SEC chair, Gary Gensler, for 'misstating' the Howey test set forth by the Supreme Court to determine what is and is not security.
Alderoty wrote: 'Gensler said it's a...
|Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFT...
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can use their NFTs for commercial or personal purposes.Yuga Labs Releases Intellectual Property Licenses to Cryptopunks and Meebits Owners
On March 12, 2022, Bitcoin.com News reported on the Cryptopunks and Meebits non-fungible token (NFT) collections being acquired by Yuga Labs. The firm Yuga Labs is the company behind the blue-chip NFT collection Bored Ape Yacht Club (BAYC), and when the startup acquired Meebits and Cryptopunks, it promised to release the IP rights in the same way as it did with BAYC NFTs. Bored Apes, Cryptopunks, and Meebits are popular NFT collections today and they command some of the highest NFT floor values.
BAYC's floor value today is 69.42 ETH, Cryptopunks' floor is roughly 65.5 ETH, and the cheapest Meebits today is much lower than the Cryptopunks and BAYC collections with a 3.3 ETH floor value. People have used their Bored Apes for commercial and personal use. For instance, Snoop Dogg and Eminem leveraged their BAYC NFT avatars to make a video for the duo's single called 'From the D 2 The LBC,' which was nominated for a VMA.
Similarly, with the Meebits and Cryptopunks NFT collections, owners have the IP rights to use the NFTs for commercial or personal use cases....
|The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars
The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo's latest single called 'From the D 2 The LBC' debuted at this year's Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the D 2 the LBC: Eminem, Snoop Dogg, and Bored Apes
The new Eminem and Snoop Dogg music video has been trending on Youtube and at the time of writing, the video has gathered 8.85 million views. The official music video for the 'From the D 2 The LBC' single highlights the popular BAYC NFT collection. Snoop and Eminem have animated their Bored Apes for the video which was shown at the Apefest event. Apefest had a number of high-profile music performances from Lil Wayne, Future, LCD Soundsystem, The Roots, Haim, and Lil Baby.
While the new single features a whole lot of spliced BAYC imagery, the song is mostly about smoking cannabis. Snoop Dogg owns BAYC 6,723 and Eminem owns BAYC 9,055 and both were purchased for six figures per NFT. The song and video on Youtube have been very popular and there's a large number of comments from listeners. 'It's great to see these two legends squash their beef and now make drop some joints together for us,' DJ Skandalous wrote in the comment section. As far as the media is concerned, publications like the Verge downplayed the video and said:
Snoop Dogg and Eminem's Bored Ape music video is here to try and sell us on tokens.
|ApeCoin Climbs 22% After Snoop Dogg-Eminem Bored Ape Video Launch
ApeCoin (APE), the native Ethereum currency of the famous NFT collection, is one of the fastest-growing NFT and Metaverse crypto projects in the blockchain ecosystem today.
Upon its March 18, 2022 launch, ApeCoin instantly began a parabolic climb. The rally's apex allowed Apecoin's market capitalization to reach $7.45 billion.
The APE token was valued at $4.92 at the time of writing, down marginally from its morning high of $5.26. In the past week, ApeCoin has increased by more than 35%.
As of Friday, intraday trading volume for APE has plummeted by 43%. This indicates that APE is receiving peer selling pressure and is approaching the consolidation phase's bottom trendline. The volume to market cap ratio of the coin is 0.3129.
Suggested Reading - Uniswap Slingshots 45% – Can UNI Blaze Past Its 7-Day Rally?
ApeCoin Getting Some Lift From Rappers
The price of ApeCoin reached an all-time high of over $27 in late April ahead of virtual land NFT sales for the Bored Ape Yacht Club's Otherside metaverse game.
ApeCoin holders can vote on ApeCoin DAO governance proposals using ApeCoin.
The recent price increase of APE may have been partially prompted by the release of a new music video featuring Snoop Dogg and Eminem as animated versions of their Bored Ape avatars.
In the music video for their new single 'From The D 2 The LBC,' Snoop Dogg and Eminem get stoned and transform into animated versions of their BAYC avatars.
The song debuted at the conclusion of this year's ...
|Eminem And Snoop Dogg Team Up, The Video Features Bored Ape Yacht Club I...
Is the Bored Ape Yacht Club responsible for this collaboration? Hip hop legends and worldwide icons Snoop Dogg and Eminem join forces once again for the single “From The D 2 The LBC.” The video is basically a BAYC ad and the duo premiered the song at Apefest, the Bored Ape Yacht Club multi-day party that was part of the NFT.NYC conference. This is a huge win for the BAYC, at a time when the NFT collection lost 60% of its value in a flash.
The last time we saw this duo collaborate was on the track “Bitch Please II,” from Eminem’s 2000 outing The Marshall Mathers LP. Besides Snoop Dogg, that track features their mentor Dr. Dre, Xzibit, and the late Nate Dogg. After that, the legend says that Eminem’s camp denied a request for collaboration from Snoop and the pair never worked together again. Until now. Did the Bored Ape Yacht Club accomplish that?
Eminem And Snoop’s Bored Ape Yacht Club Story
It’s worth noting that both Eminem and Snoop Dogg come from Dr. Dre’s lineage, so a collaboration between both artists makes all the sense in the world. They are also both part of the Bored Ape Yacht Club. Approximately six months ago, Eminem paid $425K for a BAYC specimen inspired in him. At the time, NewsBTC reported:
“The NFT, named “EminApe,” depicts Eminem’s iconic Bored Ape figure wearing a khaki army cap and a gold chain necklace, both of which he frequently wears in real life. BAYC member GeeGazza sold t...