Crypto News
Latest Crypto News
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government’s claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing. Source link
Binance’s Waning Market Share
Binance, the world’s largest cryptocurrency exchange by market volume, has seen its spot market share gradually decline over the year as the company faced an array of charges from regulators that eventually claimed its founder and CEO, Changpeng “CZ” Zhao. According to numbers provided by CCData, Binance’s market share so far in December was just…
Coinbase (COIN) Debuts Digital-First Capital Platform ‘Project Diamond’ Built on Base
“Tokenization is an important first step, but the natural conclusion is a transition to digitally native assets,” Shaun Martinak, head of infrastructure development, Coinbase Asset Management, said in an email. “Instead of tokenizing off-chain assets, this digitally-native debt instrument was created and matured fully on-chain, with an automated lifecycle that takes full advantage of next-generation…
SEC Hasn’t Met Legal Requirements to Sue, Binance Says in Latest Bid to Dismiss Lawsuit
Binance and Zhao, more commonly known as “CZ,” filed a reply to the SEC, alongside Binance.US, which submitted its own separate, but similar, filing arguing that the SEC did not show that the exchanges’ U.S. customers had any contracts that would meet the definition of an “investment contract,” or that other elements of the Supreme…
BlackRock’s (BLK) BTC ETF Now Invites Participation From Wall Street Banks
“If the SEC accepts this revised, dual model of create and redeem with cash and physical, that means the liquidity that supports the ETF shares when they trade would be increased, because obviously, you have more potential APs as part of the process,” CF Benchmarks CEO Sui Chung said in an interview. (CF Benchmarks is…
KuCoin to Pay $22M, Exit N.Y. to Settle NYAG Lawsuit
Kucoin will refund $16.77 million to New York customers and pay $5.3 million to the Attorney General of the State of New York to settle charges it violated securities laws by offering tokens – including ether – that meet the definition of a security without registering with the attorney general’s office. Source link
Polygon to Offer Data Solution Celestia as Option for New Layer-2 Developers
Ethereum has its own roadmap for handling data, including an initial step known as “proto-danksharding,” but developers of the blockchain have been slow to realize the plan, and in the meantime several independent networks like Celestia, EigenLayer’s EigenDA, Avail and even the rival layer-1 blockchain NEAR have sprung up to provide their own data-availability solutions….
The Unspoken Mismatch of Web3 and Generative AI
If you follow the generative AI space, you probably have come across projects such as AutoGPT, BabyAGI, or the just-announced OpenAI GPTs, which are based on semi-autonomous agent capabilities. The simplest version of semi-autonomous agents is intelligent models that can reason through abstract tasks, formulate, and execute plans in a given environment. Source link
U.S. Presidential Candidates Including Vivek Ramaswamy Chat About Crypto, Target Federal Regulators
Ramaswamy vowed to reduce the agency’s workforce as part of his goal to eliminate 75% of bureaucratic jobs, noting that the third U.S. president, Thomas Jefferson, who died nearly 200 years ago, would be “turning in his grave” over the agency’s actions toward crypto, a technology that was invented roughly 15 years ago. Source link
Bitcoin (BTC) Price Halts at $41K Ahead of FOMC Rate Decision; DOT, ATOM, INJ Lead Crypto Gains
The largest crypto asset recovered to $42,000 earlier in the day from yesterday’s low of $40,200 before dipping to $40,600 in the U.S. afternoon hours. After paring some losses, BTC was changing hands at $41,300, slightly up 0.3% over the past 24 hours. Source link