Industry
FTX Youtube Influencer Hit With Class Action Lawsuit
A group of high-profile YouTubers is facing a class-action lawsuit from FTX investors who allege influencers promoted an allegedly fraudulent cryptocurrency exchange.Christopher SmithSolana NFT slump leads Formfunction to shut down the market
Formfunction, a Solana (SOL)-based non-fungible token (NFT) marketplace, has announced it will be closing shop after only 13 months of operation due to declining Solana NFT prices and trading volume.Barry StidhamThe U.S. Credit Tightness Means It’s Time to Buy Gold and Bitcoin
The U.S. Is Heading For A Credit Crunch, Now Is The Right Time To Buy Gold, Silver And Bitcoin, said Michael Novogratz, founder and CEO of Galaxy Digital.Craig GreenCoinbase Meets Australian Banking Regulator Over Local Crypto Regulations
The Reserve Bank of Australia and Treasury have been holding private meetings with Coinbase executives to discuss the future of crypto regulation in Australia.Cornell RachelCBDC could provide smooth cross-border payments, says Bank of Israel official
At Tel Aviv Fintech Week 2023, Yoav Soffer, advisor to the Deputy Governor of the Bank of Israel, addressed the topic of central bank digital currencies (CBDCs) as an effective cross-border payment option.Sherry CantwellMakerDAO Passes Proposal to Increase US Treasury Investment by $750 Million
Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of U.S. Treasury securities by 150%, from $500 million to $1.25 billion.Christopher SmithLinksDAO wins bid to buy its first golf course, CEO says
LinksDAO, a golf startup run by a decentralized autonomous organization (DAO), is poised to become the new owner of Scotland's Spey Cove Golf Club after winning a successful bid to purchase the course for an initial price of just over $900,000.Cornell RachelBREAKING: SVB Financial Group files for Chapter 11 bankruptcy
Embattled SVB Financial Group has filed a voluntary petition in U.S. bankruptcy court for a court-supervised restructuring under Chapter 11 to preserve value.Wayne IngramBetting on Volatility: Deribit Launches Bitcoin Volatility Futures
Crypto Derivatives Exchange Deribit to Launch Bitcoin Soon Volatility futures, which provide investors with a direct way to measure and trade volatility in the BTC market.Hallie GillCrypto Biz: SVB Crashes, USDC Depegs, Bitcoin Still Up
Cryptocurrency investors should know by now that it doesn't take much to topple a struggling multi-billion dollar company.Jerry McNeillCoinbase plans to build a cryptocurrency trading platform outside the US
Cryptocurrency exchange Coinbase is reportedly planning to establish a cryptocurrency trading platform outside of the United StatesSherry CantwellEuler Finance Hacked Despite 10 Audits in 2 Years, Says Euler Finance CEO
Before the $196 million attack, ethereum-based lending protocol Euler Finance conducted ten independent audits over two years and deemed it "no higher than low risk" and had "no open issues."Barry StidhamIntern at Gensler? University Internships at the SEC start at $15 an hour
College students hoping to intern with the U.S. Securities and Exchange Commission (SEC) are in luck the regulator has opened applications for its Fall 2023 Scholars Program.Craig GreenSignum Digital Receives Approval to Offer Security Tokens in Hong Kong
Signum Digital, a joint venture between Coinstreet and Somerley, has announced that its security token offering (STO) and subscription platform has received approval-in-principle from Hong Kong’s Securities and Futures Commission (SFC).Christopher SmithThe threat to encryption has never been greater, but mass adoption is imminent
2023 is proving to be a pivotal year for the crypto space, with many events converging to determine its future trends and adoption in the short term. While there are many variables at play, here are three key factors that will shape the cryptocurrency market throughout 2023.Martha GrizzardBinance replaces BUSD with TUSD and USDT in SAFU fund
Cryptocurrency exchange Binance announced on March 17 that it has replaced Binance USD Holds its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and TetherWayne IngramThe diverse guardians needed for safe self-custody
Ethereum co-founder Vitalik Buterin emphasized the importance of having various "guardians" to maximize the security of self-custody of crypto assets through multisig and social recovery wallets.Hallie GillUSDC depeg will hamper stablecoin growth, heighten regulatory scrutiny
Recent turmoil in traditional banking, culminating in USDC, Credit ratings agency Moody’s Investors Service believes that losing the peg could negatively impact stablecoin adoption and could increase calls for regulation.Jerry McNeillFTX Debtors Report Claims $11.6B, Assets $4.8B, Many Crypto Assets 'Unidentified'
Debtors in the FTX bankruptcy case reported that various corporate silos have more than $4 billion in scheduled assets as of November 2022, but said they are still investigating the company’s crypto holdings.Sherry CantwellReal-world asset tokenization lacks infrastructure, not just regulation
Next-generation securities and asset tokenization is hampered by a lack of infrastructure and regulatory standards around the world, according to BlackRock's Larry Fink.James Dean
