Industry
Cryptocurrency wars' - Newly filed letter slams SEC's proposed regulations
A proposal by US securities regulators to tighten custody rules for cryptocurrencies has faced opposition from at least two industry supporters, according to recently filed letters.Cornell RachelEstonia squeezes out 400 crypto firms after new law
Nearly 400 Virtual Asset Service Providers (VASPS) in Estonia have voluntarily shut down or revoked their authorizations after the government's recently strengthened Terrorist Financing Prevention and Anti-Money Laundering Act (AML) came into force in March.Martha GrizzardStripe solves 'cold start problem' with launch of fiat-to-crypto onramp
Internet payments processor Stripe has launched a fiat-to-crypto onramp to address the "cold start problem" Web3 companies face when customers don't have "cryptocurrency in their wallets to transact."Wayne IngramNigeria Goes Blockchain: Policies Could Affect Digital Identity
The Approval of Nigeria's National Blockchain Policy has the country's crypto Community Ecstitute as it Signals More Room for Growth in the Country's Cryp To Industry. A Number of Local Experts Commented on the New Policy and the Implications for the Nigerian Blockchain Ecosystem.Craig GreenWhite House to Create International Standards for Distributed Ledger Technology
White House to Create International Standards for Distributed Ledger TechnologyMartha GrizzardBitcoin Takes Off in Liechtenstein: Minister Proposes Cryptocurrency Payments for Government Services
Liechtenstein PM Daniel Risch Announces Plan to Accept Bitcoin, As payment for government services. As local news reports, the tiny European nation continues to embrace blockchain technology.Wayne IngramHuman ID project 'Worldcoin' launches gas-free wallet for humans only
Worldcoin, a project that recognizes humans and differentiates them from artificial intelligence, has launched a gas-free crypto wallet for verified humans, according to a May 8 announcement.Jerry McNeillCrypto.com Launches ChatGPT-Based AI User Assistant Amy
Artificial intelligence (AI) continues to pervade every industry around the world. The latest crypto industry adopter is Crypto.com, which announced its new generative AI user assistant.Jerry McNeillBalaji Pays Off His Insane $1M Bitcoin Bet, 97% Below Price Target
Bitcoin worth $1 million, The price bet was 97% below its price target, with backer Balaji Srinivasan opting to donate a total of $1.5 million to three different entities as a settlement.James DeanCoinbase 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.Barry StidhamRate 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.Craig GreenNew 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.Wayne IngramSEC 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.Sherry CantwellNigeria'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.James DeanMainstream 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.Barry StidhamSEC 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.Craig GreenJury 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.Christopher SmithFTX 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.Barry StidhamWhite 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.Craig GreenEntity 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."Christopher Smith
