Latest Crypto News
The move came at a time where regulators in the U.S. started to heavily crack down on crypto companies, including Coinbase itself, which was sued and is still under investigation by the Securities and Exchange Commission (SEC) for allegedly violating federal securities laws. The exchange has moved to dismiss those allegations. Source link
Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?‘” The gist of the story is that some Bitcoin purists are trying to keep the oldest and largest blockchain free from non-financial transactions – such as the text snippets and images that some people are…
The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything other than U.S. dollars in a bank account cannot assure its holders that they can redeem their stablecoin at any time, all at once, and receive 100% of the face…
“SEC Chair Gary Gensler is protecting the big banks, stifling American innovation and willing to ship critical American technology and jobs to China,” according to the organization’s website. “Senator Sherrod Brown needs to use his power as Chair of the Senate Banking Committee to stand up to Gensler and fight for Ohio jobs.” Brown, who’s…
U.S. Judge John Dorsey, from the Delaware Bankruptcy Court, scheduled a hearing for early next year to calculate the crypto exchange’s debt to the IRS, a sticking point that has stagnated efforts to remunerate the exchange’s many victims. As FTX’s largest creditor, the IRS’ claim must be resolved before FTX victim’s can recover their losses….
CFTC Pushes FTX-Inspired Rule to Protect Customers' Money Source link
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The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout. Source link
“Unlike other businesses that have attempted to disintermediate the brokerage industry, our FCM offers wholesale digital asset-related services and support to our brokerage partners, institutions, and dealers,” he said. “Now that the licensing process is complete, we can shift our focus to expanding Bitnomial’s product offering and customer base.” Source link
Buterin’s comments come as ether (ETH), the native cryptocurrency of the Ethereum blockchain, has lagged behind tokens from rival blockchains as digital-asset markets rallied this year. Ether has climbed by 84%, while Solana’s SOL has jumped more than eight-fold in price and Avalanche’s AVAX has tripled. Bitcoin, the biggest cryptocurrency, has gained 153%. Source link
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