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Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment. Bankless co-host David Hoffman retracted his statement that Lido had received a Wells Notice (Danny Nelson/CoinDesk) Join the most important conversation in crypto and Web3 taking place in Austin, Texas,...
Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash) Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Major digital assets plunged as the business day began in Hong Kong on Friday. Bitcoin (BTC) and ether (ETH) both dropped more than 5% ascustomers fled crypto bank Silvergate, whose stock tumbled 58% during U.S....
Israel's sole public stock exchange wants to allow its clients to trade crypto but is facing regulatory resistance. A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments. In a TASE first, a Feb. 27announcementstated the proposed structure will enable customers to...
India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms. The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency discussed key financial stability and regulatory priorities. India urged member nations to understand the macro-financial implications of crypto assets and recommended...
The original painting used as the cover art for Neal Stephenson's science fiction novel "Snow Crash." (Neal Stephenson/Bantam/Bruce Jensen/Sotheby's) Sotheby’s will soon auction off the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined terms like “metaverse” and “avatar." The sale will feature a series of physical and digital collectibles linked to elements from the...
The U.S. securities regulator has now issued dozens of actions outlining how it defines a crypto security and which firms should be exchanges, but the industry is in a holding pattern. SEC Chair Gary Gensler (Kevin Dietsch/Getty Images, modified by CoinDesk) U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his...
The Foundation will aid Klaytn blockchain's transition to a wholly permissionless validator structure, provide opportunities to the general public to participate as block validators. Klaytn Foundation is making changes to the network's governance system and make changes to the token model of native KLAY tokens. (Shaurya Malwa/CoinDesk) Klaytn Foundation, one of the key developer and code maintainers of the Klaytn...
The collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry. The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon on Thursday. The SEC alleged that Terraform and Kwon misled investors on a number of issues, including who was using TerraUSD for...
The guidance requires interested parties, such as issuers and brokers, to determine whether or not a token is a security. South Korean securities firms and token issuers now have some clarity on how security tokens are defined under new guidance published Monday. South Korea's Financial Services Commission hasdefined security tokensas tokens that are digitized using distributed ledger technology, thus bringing...
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of its Earned Interest Product. Crypto lender Nexosaid is will stopits Earn Interest Product (EIP) for all U.S. clients, residents and citizens, effective April. 1. Nexo's decision comes after the lenderpaid a $22.5 million finelast month to the U.S. Securities and...
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