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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...
The announcement by the U.S. regulator confirms a CoinDesk scoop from earlier Thursday. Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. Plus, at a hearing in New York on Thursday, Judge Lewis Kaplan indicated that he was concerned about Sam...
SPONSORED Press release Metacade has steamed through the first 4 stages of its presale and raised a whopping $5.8 million for the project. The price of the GameFi arcade’s native utility token MCADE has been rising with each presale round but that has not deterred investors from getting their hands on the MCADE token before it goes on public sale....
The Fed chair spoke days after the central bank last hiked interest rates. While the "disinflationary process" has started, it will take a good deal of time before the U.S. Federal Reserve is ready to declare victory in its fight against rising price levels, said Jay Powell, discussing the economy with Carlyle Group co-founder David Rubenstein. Rubenstein wasted no time...
The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an "extreme" addiction to crypto trading. A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading. The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility located on the Spanish island...
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