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Sen. Chuck Grassley is using "deeply flawed" estimates of illicit bitcoin activity to call for closer scrutiny of the industry, according to multiple crypto intelligence firms. A senior Republican U.S. senator’s characterization of bitcoin in illicit transactions highlights the uphill battle crypto faces in breaking the seedier assumptions of its Silk Road past. Last Thursday, Sen. Chuck Grassley (R-Iowa), the...
But commissioners Elad Roisman and Hester Peirce said the regulator missed the chance to define which touted assets were securities. The U.S. Securities and Exchange Commission (SEC) said Wednesday it has settled charges against U.K.-based Blotics, the operator of Coinschedule.com, for violating the anti-touting provisions of federal securities law. The SEC alleges Coinschedule, a once-popular website that profiled initial coin...
The fund joins the company's Bitcoin Trust and Ethereum Trust as reporting products. Crypto asset manager Grayscale said its Digital Large Cap Fund has now become a reporting company to the U.S. Securities and Exchange Commission. The fund joins Grayscale's Bitcoin Trust and Ethereum Trust as reporting products. Grayscale also said it filed for three additional trusts to become reporting...
“Transaction and treasury services,” with clients including Dapper Labs, Compound Labs and FTX, is the soon-to-be-public company’s top revenue source. Most of the conversation about Circle revolves around USD coin (USDC), the stablecoin it created in collaboration with Coinbase. But according to an investor presentation released with Thursday’s announcement that Circle would go public using a special purpose acquisition company...
Crypto-Driven eCommerce Could Be The Great Equalizer eCommerce is the consumer platform of choice for the majority of people in developed countries, yet it remains an uneven way of doing business. As the Harvard Business Review outlines, the underlying technology and processes that power many major eCommerce platforms are inherently discriminatory, lacking features to enable people living with a disability...
NFT sales in June alone have eclipsed those for the entire first half of 2020 on the OpenSea marketplace. Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021. There has been $2.5 billion in NFT sales in the first six months of this year, according to DappRadar, a massive increase over the $13.7...
Wyoming is further solidifying its position as the most crypto-friendly state in North America. The crypto-friendly state of Wyoming has approved the first legally recognized decentralized autonomous organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on Tuesday recognizing it as a legal entity, according to a Sunday announcement. Marian...
The regulator is expected to follow up with the company's local subsidiary Binance Asia Services Pte. following global developments. The Monetary Authority of Singapore (MAS), the country’s financial regulator and central bank, said it is closely watching the regulatory developments surrounding Binance Holdings Ltd. The country’s financial watchdog is expected to “follow up” with the company’s local subsidiary Binance Asia...
Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans. U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans. Speaking during the CNBC Financial Advisor Summit on June 29, Senator Lummis stated...
Eric Rosengren included the stablecoin among what he termed new disruptors to short-term credit markets. A senior U.S. Federal Reserve official has called Tether’s USDT stablecoin a risk to the stability of the financial system. In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed tether among the “financial stability challenges” the U.S. central...
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