Grayscale Investments CEO, Michael Sonnenshein, highlighted a potential negative outcome for the United States economy if the Securities and Exchange Commission (SEC) continues to take a one-by-one approach to regulating the cryptocurrency industry. During a recent interview with Fox Business, Sonnenshein expressed that the SEC could drive crypto firms out of the country by constantly resorting to enforcement actions against…
Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s bail and remanded him to…
If Wall Street is to be enticed into crypto, firms need tools that better connect them to trading opportunities that are similar to the tools they use on capital markets. The digital asset space has been abuzz with interest from traditional financial institutions (TradFi) for months as the big players of Wall Street reevaluate it as a solid and lucrative…
Aragon, one of the oldest open-source frameworks for launching decentralized autonomous organizations (DAOs), is launching its next set on Coinbase’s recently released developer network Base. In an interview with Decrypt, Aragon’s head of growth Anthony Leutenegger said that the company is releasing two of its DAO-developer tools—the Aragon App and the modular Aragon OSx protocol—on Base in recognition of what…
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against Brazil’s fiat currency, as well…
Paris Hilton has accomplished much in her 42 years: she’s revolutionized reality television, redefined celebrity in the age of the internet, pioneered influencer culture, launched a successful career as a DJ, and played a key role in mainstreaming NFTs. One thing she hasn’t managed yet: making “sliving” happen. The phrase, purportedly coined by Hilton in 2019, has a murky etymology:…
Roblox users can now score digital versions of Van Gogh’s famous straw hat for their avatars. While they may not have the fashion cachet of the digital Dionysus bags available to players of 2021’s Gucci Garden experience, Van Gogh’s hat makes up for it in cultural currency. These new wearables—alongside digital suits of armor, Medusa hair, and Egyptian Pharaoh masks—are…
The companies behind some of the most popular artificial intelligence tools this week pushed back at a widely-cited report claimed that chatbots are providing dangerous information to vulnerable young users suffering from eating disorders. OpenAI, Google, and Stability AI defended their technology to Decrypt after its original report of a study released by the Center for Countering Digital Hate—a report that…
Illustration by Mitchell Preffer for Decrypt. Leading cryptocurrencies finally broke a six-week spell of poor price performance or inertia this week. Market leader Bitcoin (BTC) added a modest 1.5% to its market value over the seven days to trade at $29,408 on Saturday. According to the latest weekly report by CoinShares, last week was a strong indicator that institutional investors…
The Securities and Exchange Commission’s prolonged deliberation over a spot Bitcoin ETF is stoking expectations of a joint decision for all applications. Source: https://tr.cointelegraph.com/news/sec-decision-bitcoin-etfs-wont-leave-out-wall-street-giants
