If an offshore entity’s “footprint” in the US is big enough, they must register their derivative contracts or risk facing enforcement actions, says CFTC Chair Rostin Behnam. Source: https://cointelegraph.com/news/cftc-eyes-offshore-firms-that-break-commodities-laws?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Google Cloud launches Ethereum-compatible blockchain RPC service
Google Cloud’s Blockchain Remote Procedure Call (RPC) service is compatible with only Ethereum for now, but support for more blockchains is coming. Source: https://cointelegraph.com/news/google-cloud-ethereum-compatible-rpc-service?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
California passes package of laws to combat election deepfakes
California governor Gavin Newsom signed three bills aimed at battling deepfake election content while on stage at a conference in San Francisco. Source: https://cointelegraph.com/news/california-laws-to-combat-election-ai-deepfakes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Circle Partners With Sony to Introduce USDC on Soneium
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange. […] Source: https://news.bitcoin.com/circle-partners-with-sony-to-introduce-usdc-on-soneium/
Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […] Source: https://news.bitcoin.com/experts-defi-thrives-where-banks-falter-fragmentation-a-hurdle/
Australia’s central bank launches 3-year program for wholesale CBDC
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present. Source: https://cointelegraph.com/news/reserve-bank-australia-launches-three-year-program-wholesale-cbdc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto influencer hit with bot claims after nabbing ‘best content creator’ award
Crypto influencer “Professor Crypto” deleted posts of him celebrating the award shortly after being accused of using bots to boost his following. Source: https://cointelegraph.com/news/crypto-influencer-bot-allegations-after-kol-award-win?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Hits Flyfish Club With Charges for Unregistered NFT Offering
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […] Source: https://news.bitcoin.com/sec-hits-flyfish-club-with-charges-for-unregistered-nft-offering/
House Republicans demand SEC’s Gensler clarify crypto airdrops stance
US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops. Source: https://cointelegraph.com/news/republicans-demand-sec-gary-gensler-clarify-crypto-airdrops?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […] Source: https://news.bitcoin.com/binance-rejects-wazirxs-claims-denies-responsibility-for-hack-consequences/