A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.” Rep. Emmer Slams SEC and Chair Gensler The director of the Division of Enforcement…
The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest. The current bear market has accelerated the development of the cold wallet industry, while many centralized crypto exchanges were scrambling to maintain operations. According to a report by business intelligence firm Vantage Market Research, the revenue of global crypto trading platforms…
The former Amazon Studios exec and venture capitalist spoke with Decrypt’s Kate Irwin about how crypto fits into the metaverse at an event in Beverly Hills, California. Source: https://decrypt.co/videos/interviews/ox6abtrD/matthew-ball-on-the-role-of-crypto-and-nfts-in-the-metaverse
NFTs are the best technical solution for a more open metaverse, according to author and venture capitalist Matthew Ball. In an interview with Decrypt following the launch of his book, “The Metaverse: And How It Will Revolutionize Everything,” Ball shared his thoughts on the definition of the metaverse, who will rule it, whether cryptocurrencies will play a part, and how…
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets. Source: https://cointelegraph.com/news/korean-crypto-startup-uprise-to-compensate-investors-after-disastrous-lunc-short-trade
Shortly after EV manufacturer Tesla disclosed it had sold three quarters of its Bitcoin holdings, MicroStrategy CEO Michael Saylor took to Twitter to publicly do the math. “If you sell 75% of your bitcoin, you will only have 25% of your bitcoin left,” Saylor tweeted. The MicroStrategy CEO appeared to be a poking fun at the announcement from Elon Musk’s…
According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network platform Efinity. Japanese Software Developer Square Enix to Issue Final Fantasy Non-Fungible Token Assets Next…
This article originally appeared in Bitcoin Magazine’s “Censorship Resistant Issue.” To get a copy, visit our store. In June 2020, people in Ethiopia faced an unpleasant surprise; following unrest caused by the killing of musician and activist Hachalu Hundessa, the Ethiopian government successfully ordered a shutdown of the internet. For close to a month, over 100 million people were cut…
Cardano (ADA) has dipped this July 21 as the market favors mounting selling pressure around its most reliable resistance levels in 2022 over a major upcoming hard fork. ADA price could plunge 20% by early August ADA’s price fell 5% intraday to $0.476. The downside move came as a part of a broader retreat that started a day after it briefly…
TL;DR: Coinbase filed a petition asking the SEC to begin rulemaking on digital asset securities.The existing rules for securities just do not work for digital assets.Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment process, rather than through arbitrary enforcement or guidance developed behind closed…
