Industry
Coinbase stock to be 'suppressed' until US rules are clear
Shares in cryptocurrency exchange Coinbase will remain "under pressure" until regulators create legal "rules of the road" in the US, analysts at Citi Investments said.Seth RowdenRate hike speculation sparks outflows from crypto investment products
On May 2, the European cryptocurrency investment company CoinShares released the latest "Digital Asset Fund Flow Weekly Report", reporting that the digital asset market experienced bearish sentiment for the second consecutive week, with a total of $72 million in outflows.Seth RowdenNew White House Standards Strategy May Have Impact on Crypto Industry KYC
The administration of US President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy states that the United States will prioritize standard-setting in eight areas.Seth RowdenSEC has 10 days to respond to Coinbase complaint
The US Court of Appeals for the Third Circuit has responded to a complaint against the US Securities and Exchange Commission (SEC) that digital asset trading needs clear rules, according to a May 4 announcement by Coinbase Chief Legal Officer Paul Grewal.Seth RowdenNigeria's National Blockchain Policy Receives Government Approval
Nigerian Government - One of the Most Curious Countries in the World About Cryptocurrencies Like Bitcoin - Approval of a National Blockchain Policy at the May 3, 2023 meeting. The approval comes in response to a memorandum submitted by Communications and Digital Economy Minister I sa Ali Ibrahim.Seth RowdenMainstream media continues to promote the identity of non-US FTX users
Four US-based media outlets continue efforts to reveal the identities of non-US FTX clients, with new objects to previous motions to seal their identities.Seth RowdenSEC no longer defines digital assets in new hedge fund rules
US Securities Regulators have delayed approving a definition of the term "digital asset" in running reporting disclosures by hedge funds and prive eq. UITY FUNDS, Despite Proposing to do So About Nine Months Ago.Seth RowdenJury Convicts Ex-OpenSea Manager in NFT Insider Trading Case
A former OpenSea manager accused of NFT insider trading was found guilty of wire fraud and money laundering in New York federal court on May 3, Reuters reported.Seth RowdenFTX Advisors Charged Bankrupt Firm Up To $103 Million In Q1
Lawyers and consultants who assisted cryptocurrency exchange FTX through bankruptcy proceedings will cash out a total of $103 million in the first quarter.Seth RowdenWhite House Adviser Pushes Again for 30% Energy Tax on Digital Mining
The Biden administration has again pushed for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of an effort to minimize the industry's alleged impact on climate change.Seth RowdenEntity merger in eyes of Celsius as creditors claim distinction is 'spurious'
Defunct cryptocurrency lender Celsius Network is seeking to merge its UK and US entities, as new court documents say any alleged distinction between the two companies is "spurious."Seth RowdenUS Congressman Rebukes Presidential Adviser Over Crypto Stance in Economic Report
US Congressmen Warren Davidson and Mike Flood have sent a letter to the chairman of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the "President's Economic Report" that expresses "hostility toward the United States." Viewpoint "Digital Asset Ecosystem."Seth RowdenCoinbase International Exchange Launches Amid US SEC Cryptocurrency Crackdown
Public cryptocurrency exchange Coinbase is advancing a global derivatives platform as the cryptocurrency industry faces regulatory challenges in the United States.Seth RowdenPoloniex to Pay US Authorities in $7.6M Settlement for 'Apparent Violations' of Sanctions
Cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement over more than 65,000 apparent violations of multiple sanctions programs, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced.Seth RowdenTokens, not cryptocurrencies: Nigerian Securities and Exchange Commission prepares new digital asset rules
Nigeria, one of the most curious countries in the world about cryptocurrencies like Bitcoin, is preparing new industry regulations for digital asset platforms.Seth RowdenArbitrum's Chronos hits $217M TVL via staking, becomes 8th largest DEX
Decentralized exchange (DEX) Chronos set a new milestone on May 4, reaching a total value locked (TVL) of $217 million at the time of writing, just seven days after its launch on the Arbitrum blockchain .Seth RowdenWallStreetBets mod dumps $635,000 worth of memecoin in so-called rug pull
Moderators of the popular trading subreddit r/WallStreetBets have dumped most of their WSB Coin (WSB), a token project claiming to be the official memecoin of Wall Street Bets.Seth RowdenSecurity Token Platform Launches MPC Wallet for Institutions
Security token platform INX has launched a wallet with institutional compliance features, according to a May 3 announcement.Seth RowdenLevel Finance Confirms $1M in Exploitation of Vulnerable Smart Contracts
Decentralized exchange Level Finance suffered a security breach that allowed attackers to steal more than $1 million in the exchange's native Level Finance (LVL) token.Seth RowdenLiquid staking solution now has more TVL than DEX
Liquid staking solutions like Lido and Rocket Pool now hold more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to crypto analytics platform DefiLlama.Seth Rowden
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