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It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury. Riot Pepe wearing noggles. (Story illustration by Danny Nelson;Hazard/Rook) Nouns DAO’s internal critics have long chafed at the NFT project’s reckless spending – like...
David Hirsch, who runs the agency’s office that handles crypto enforcement, says that apart from Coinbase and Binance, there are other exchanges and DeFi straying from the law. The U.S. Securities and Exchange Commission under Chair Gary Gensler has waged an enforcement battle against the crypto industry that shows no sign of letting up. (Drew Angerer/Getty Images) The regulator's crypto...
While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. The crypto...
Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas. CEO of Binance Changpeng Zhao at Consensus Singapore 2018 (CoinDesk) Binance.US continues to rely on a custody provider provided by the company’s international arm, in violation of a previous deal, the SEC has said. The crypto exchange says clients' assets are safe and that regulators...
Company says its actions give it "seven years of financial runway." Former Binance.US CEO Brian Shroder (Binance.US) Binance.USCEO Brian Shroder has left the crypto exchange and the company has eliminated one-third of its workforce, according to a spokesperson. It's been a tough year for crypto exchanges in the U.S., with Binance.US feeling particular pressure. The Securities and Exchange Commissionsuedthe company...
Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder opposition. EU officials are struggling with opposition to digital euro plans (Manuel Augusto Moreno/Getty Images) Proponents of a digital euro are facing political opposition to their plans for a central bank digital currency (CBDC) – and technocratic central bankers aren’t sure how...
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing. Coinbase CEO Brian Armstrong (Coinbase) Coinbase (COIN) has created a new crypto lending service in the U.S. for institutional clients, helping fill the void left by the blowups of firms like Genesis and BlockFi. The platform was quietly revealed in a U.S. Securities...
Changpeng “CZ” Zhao declares that the cryptocurrency industry will only become better as it becomes more decentralized. Binance CEO Changpeng “CZ” Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a Sept. 1 live XSpaces(formerly Twitter Spaces), titledCZ AMA, Zhao shared his thoughts on the future of DeFi. “I...
SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity The regulator has now announced delays for all six of the new ETF application. (Nikhilesh De/CoinDesk) The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants includingBlackRock,WisdomTree,Invesco Galaxy,Wise Origin,VanEck,BitwiseandValkyrie Digital Assetsearlier...
Analysts say the best-case scenario for crypto is that the Securities and Exchange Commission approves the batch of spot Bitcoin ETFs, but the agency may exercise its right to an appeal. Analysts say the best-case scenario for crypto is that the Securities and Exchange Commission approves the batch of spot Bitcoin ETFs, but the agency may exercise its right to...