On Feb. 13, a federal judge put the Securities and Exchange Commission and the Commodity Futures Trading Commission cases against former FTX CEO Sam Bankman-Fried on hold. You’ll be forgiven if you missed this story — headlines and social media were dominated by the breaking news that the SEC was suing crypto firm Paxos for minting Binance’s stablecoin, Binance USD…
The Web3 Domain Alliance, a member-led coalition that aims to provide a standardized framework for Web3 naming services, has announced 51 new members, including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX, and Klever. These firms will help promote the development of the Web3 naming industry and the functioning of Web3 domain registries, according to the company We’re excited to announce that 52…
California Representative Maxine Waters, ranking member of the United States House Financial Services Committee, has called for coordination and cooperation between government agencies and lawmakers to address crypto regulation. Speaking to Cointelegraph, Representative Waters suggested that recent enforcement actions on the crypto space from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) may have been…
General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best suit central bankers’ needs. He called that infrastructure a “unified ledger.” Carstens compared the theoretical unified ledger with a smartphone, saying they both work seamlessly with a variety of components. Unlike…
With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued non-fungible token (NFT) assets. Luxor Plans to Address Challenges in the Market for Ordinal Inscription Trades At the time of writing, there are more than 160,000 Ordinal inscriptions…
Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as businesses seek efficiency and cost reductions. Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is…
The Canadian Securities Administrators (CSA) published a notice on Feb. 22 describing new commitments it expects from crypto asset trading platforms (CTPs) seeking registration in Canada. The CTPs will enter into a new version of preregistration undertakings (PRUs), which are legally binding documents. Registered CTPs will be contacted by their principal regulators about compliance with the new expectations. The new…
In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In other news, find out how NFTs will act as “high-end…
One of Blur’s founders has “doxxed” himself, publicly revealing his identity, after users on Crypto Twitter began piecing it together earlier this week. Tieshun Roquerre—who prefers to go by “Pacman” online—is the cofounder of Blur, the NFT marketplace backed by crypto VC heavyweight Paradigm designed for “pro traders” that’s quickly taken OpenSea’s spot as the top NFT exchange by volume.…
NBA Top Shot Moments nonfungible tokens (NFTs) may be considered a security, as it meets the requirements under the United States security laws, according to court filings on Feb 22. The decision comes as federal judge Victor Marreo denied a motion from Dapper Labs CEO Roham Gharegozlou to dismiss a class action lawsuit claiming its NBA Top Shot NFTs are…
