Protagonist lists four people with the title “Co-founder and GP” – brothers Dylan and Ian, plus fintech company Pipe’s CEO, Henry Hurst, and George Bousis, a self-described angel investor. Corporate attorney Sevan Avakian is Protagonist’s general counsel and partner, and Jiani Chen is an investment partner, the website said Sunday. Monday night it had dropped the “General Partner” descriptions for the brothers, Hurst and Bousis. Source link
Danny Nelson
379 posts
Many DeFi protocols put code changes up to the community. Their token holders get to vote on new listings, rate hikes, partnerships, that sort of thing. The bigger the user’s token trove, the weightier their opinion. It’s an imperfect system for managing purportedly decentralized systems, albeit a popular one. Source link
Celsius announced early Monday it would pause withdrawals and its swap and transfer products, citing “extreme market conditions.” Source link
The fund, created by Solana Ventures and the Solana Foundation, will focus on virtual gaming, and will invest in NFT and DeFi projects. Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a […]
Regardless, Cawthorn, who sold LGB for ETH (which itself was crashing through January) likely lost money on his $150,000 initial investment; he almost certainly ran up a hefty short-term capital gains tax bill for the 2021 trades. Based on his congressional salary for last year ($174,000), his married status and his $50,000 gain from the Dec. 31 trades, Cawthorn’s New Year’s Eve swaps fall into a 24% tax bracket, experts said. Source link
By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini (who then loan them into the stablecoin market) in the chase for 4% to 8% yields. Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a […]
Alessio Evangelista, the associate director for Enforcement at the Financial Crimes Enforcement Network (FinCEN), said that “too often” crypto service providers have opted to keep their heads in the sand about blatantly suspect wallets “right up until the day of an OFAC designation or criminal indictment.” Source link
TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action. Source link
The soon to be former marketing director will instead focus on a personal consulting gig. Source link
Investors are backing a gaming studio whose “MechaFightClub” title is predicated on 6,969 robot chicken NFTs, according to government filings. Source link
Other parts of the ecosystem quickly moved to bolster their defenses. At 11:36 p.m. EST, Metaplex, the key steward of Solana NFT infrastructure and one closely intertwined with Candy Machine, tweeted it would soon deploy a 0.01 SOL “botting penalty” to help NFT projects stanch excessive traffic. Source link
“Taking it back from Wall Street is the correct first step,” Twitter founder and erstwhile CEO Jack Dorsey tweeted Monday. Source link
“As with other digital assets, CEL is susceptible to a wide variety of risks,” including coin thieves, lost keys, irreversible transactions and failing chains, the clause has read (with minor verbiage shifts) since October. The update places “regulatory risks” up there, too. Source link
“There has been huge demand to launch a Solana dashboard,” said Nansen CEO Alex Svanevik. Source link
Crypto’s presence is being felt in the race for Oregon 6 with or without the West NFTs. Another top contender, Oregon State House Rep. Andrea Salinas, once voted to bar blockchain applications from all public services in the state, according to West. Another candidate, Cody Reynolds, is a crypto investor running a self-funded campaign. Source link
CoinDesk has not been able to confirm when the oracle integration went live. Either way, it only affects Tornado Cash’s front-end, meaning savvy users can still interact with the smart contracts powering the decentralized service. The primary wallet hasn’t attempted to move funds through Tornado Cash since that tweet, but the operators of the sanctioned wallet only seem to send funds once a day. Source link
MicroStrategy has spent $3.97 billion acquiring 129,218 bitcoins for an average of $30,700 apiece, he wrote. With bitcoin trading nearly $10,000 above that, the trade remains well in the green – though not nearly as much as when BTC was touching $69,000 all-time highs. Source link
A_capital, Alchemy Ventures, CoinList and angel investors including Lauren Stephanian, Pantera’s Paul Veradittakit, Imran Khan and Nansen’s Alex Svanevik participated in the round, a press release said. Loop incubated with Archetype, according to Steinman. Source link
Miami Beach’s sprawling Convention Center and its environs were scenes of perpetual motion during the four-day extravaganza. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
Only a handful of wallet beta testers could move bitcoin (BTC), ether (ETH), dogecoin (DOGE) and a handful of other traded coins in and out of Robinhood’s walled garden before. Now, all waitlisted customers outside of regulatory no-go zones Nevada, New York and Hawaii can do so. Source link
“If we can help make the Bitcoin network more accessible and usable we believe we can change the world,” he said. Leveraging Bitcoin as a cheap payments network is critical to that, he said, contrasting it with the “caviar-eating” history of boomer bank-issued credit cards that he said hasn’t innovated (beyond onboarding middlemen and their fees) in years. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
The move could give Solana NFTs, still a sliver of the market compared to Ethereum collectibles, a shot in the arm. Source link
Other ETP issuers are planning crypto-linked investment products that also yield staking returns. Source link
Austin’s powerful City Manager will research the change’s legality, its potential to “benefit” public services, its impact on the economy and the environment and “analysis of the financial stability and security of cryptocurrency,” per a draft of resolution 55. This “fact-finding study” is due on June 16. Source link
Brian Smith, a Mango DAO contributor who helped spearhead the treasury proposals, told CoinDesk the mSOL proposal was successful because it “hedges out some of the future price risk” that Mango Markets incurs by operating its trading rails with SOL. Plus, mSOL, the Marinade Finance-issued liquid staking token, offers the benefit of staking yield. Source link
Altonomy is a digital assets investments, market making and OTC firm founded in 2018, according to Pitchbook. Specializing in altcoins like the recently debuted ApeCoin (APE), its OTC desk pairs buyers and sellers of hard-to-move assets. Bookstaber said Altonomy works with over 1,000 clients. Source link
“Until then, you’ll need someone like us just to make sure that a normal trader will look at your product and say, ‘Hey, listen, there’s enough organic [liquidity] – be it order-book depth or tight spreads – for this to be worth my time to trade,” said Arpan Gautam, Dexterity Capital’s head of business. Source link
But don’t try out Solana-based DeFi just yet. Coinbase Wallet can’t yet plug into Solana dapps. Source link
“Please be informed that Lending is no longer supported in your jurisdiction. For this reason, we are required to cancel your current loans,” the exchange told two customers, one French, one German, via emails reviewed by CoinDesk. Neither had lending accounts open with the company, they said. Source link
That figure accounts for years of sanctions and compliance efforts against Russian bad actors. In other words, it is not specific to the war in Ukraine. Coinbase said it has not seen a surge in illicit activity following Russia’s invasion of Ukraine, Grewal said. Source link
“We’re trying to help manage that upcoming explosion of people pushing messages to you,” he said. He described an ugly future awash in Web 3 notifications: for on-chain transactions confirming, for promotions upcoming, for direct messages, for governance votes – “a boatload of messages spamming you non-stop.” Source link
“MetaMask and Infura are unavailable in certain jurisdictions due to legal compliance,” the ConsenSys-controlled crypto wallet and infrastructure provider, respectively, said in a joint blog post time-stamped around 11:00 a.m. ET Thursday. Users from those areas would get an error message, the blog post said. Source link
The file storage app wants “AR.IO” to host a network of decentralized access points for the Arweave permaweb. Source link
“Infura closely monitors changes to U.S. sanctions programs announced by the Office of Foreign Assets Control and narrowly tailors its internal controls to comply with the law,” a ConsenSys spokesperson told CoinDesk via email. “Currently, those regions are Iran, North Korea, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.” Source link
Clients’ ability to do so through Schwab has thus far been limited to third-party products like the Grayscale Bitcoin Trust (GBTC), a representative said. (Both CoinDesk and Grayscale are owned by crypto conglomerate Digital Currency Group.) Clients approved for futures trading can trade bitcoin futures, too, Schwab said. Source link
Ceramic may well have its own token one day. But devs haven’t committed to that plan just yet, other than to say they’re thinking about it. If it were to launch, it would have a similar role that ether does on Ethereum, as a “gas” token that unlocks network functionality and incentivizes development. Source link
“This first-of-its-kind partnership between a DAO and a sports franchise opens a new world of opportunities for bringing crypto and DeFi to the masses,” Do Kwon, the founder of Terraform Labs, said in a statement. “By approving this sponsorship deal, the community has a new way to engage and educate the public, including the policy makers doing important work in Washington, D.C., about decentralized money and the burgeoning technology that underlies it.” Source link
“Coinbase is committed to engaging with policymakers and to promote crypto-forward policy at the federal level in the U.S.,” a Coinbase spokesperson told CoinDesk via email. “We believe the bipartisan potential is clear and we intend to support crypto-forward lawmakers who align with our mission to advance economic freedom for all Americans.” Source link
At the time of writing, ssv.network’s testnet touted 2,661 operators and 7,954 validators with 254,528 ETH staked. Their collective effort powers an open-source network that project backers claim will “mitigate” the biggest vulnerabilities in centralized staking. Source link
“Zero-knowledge execution,” or Zexe (pronounced “sexy” with a Z), is Aleo’s smart contracts-friendly evolution of ZKPs. It will see users execute off-chain transactions that pair with on-chain cryptographic proofs. Crunching often complex transactions off-chain promises more “scalability, efficiency and privacy” than doing it all on-chain, according to Pruden. Source link
Coinbase on Monday began accepting inbound transfers of two Solana ecosystem tokens, FIDA and ORCA, confirming CoinDesk’s earlier reporting. Announced in a tweet (per a new policy), the expansion adds SPL tokens (Solana’s ERC-20 equivalent) to Coinbase’s token menagerie for the first time. It previously stuck to layer 1 coins and tokens built atop the Ethereum blockchain. Inbound transfers for Bonfida (FIDA) and Orca (ORCA) are now available on @Coinbase and @CoinbaseExch in the regions where trading is supported. Trading is not enabled at this time. Trading will begin on or after 9AM PT on Tuesday, February 1, if liquidity conditions […]
The company building Solana’s top crypto wallet is now worth $1.2 billion, Phantom announced Monday. Crypto venture firm Paradigm led a $109 million Series B investment in Phantom, CEO Brandon Millman said. It was not immediately clear who else joined the cap table, or what percentage equity they took in the upstart firm, whose main product is a Chromium browser plugin. The wallet is going mobile, too: On Monday, the company debuted its iOS app. Millman expects his 20-odd team to ship an Android offering later this year, following through on a mission to get Solana’s most widely used crypto wallet […]
Wanna flip burgers instead of coins this crypto winter? FriesDAO certainly does. The crypto group plans to start a fast-food franchise following ConstitutionDAO’s “let’s buy (and govern) a real-world asset with crowdfunded tokens” playbook. On Saturday, the self-proclaimed decentralized autonomous organization (DAO) will start a $9.7 million fundraising drive. In return for Ethereum-based USDC, benefactors will receive tokenized voting rights over which chain restaurant FriesDAO buys. “You are going to have voting rights that influence decision making on the acquisition of a fast-food restaurant,” Bill Lee, a project adviser, told CoinDesk. See also: US Constitution for Sale? ConstitutionDAO Makes Bold Moves […]
On March 3, 2020, just before lunchtime in Washington, D.C., Stephen Ryan sent someone at the U.S. Treasury department a thank-you note with a curious detail. The chief operating officer and co-founder of cryptocurrency sleuthing firm CipherTrace, Ryan was one of 16 executives who attended an industry summit the day before with then-Treasury Secretary Steven Mnuchin. Along with his gratitude for the meeting, Ryan attached a slide deck that laid out CipherTrace’s strategy for demystifing crypto wallets. Among those methods: “honey pots.” This article is part of CoinDesk’s Privacy Week series. Ryan’s note was part of a 250-page trove of Mnuchin’s […]
Crypto tax software developer CoinTracker raised $100 million from venture backers, entering growth mode just as the 2022 tax season is heating up. Now valued at $1.3 billion, 40-person CoinTracker – which last raised $1.5 million in a 2018 seed round – plans to scale its global tech support and integrate with a universe of crypto companies, CEO Jon Lerner said. It’s also bulking up on high-ranking talent, sniping Uber’s Vice President of Engineering Gaurav Garg as the new Head of Engineering, and Zack Reneau-Wedeen, Robinhood Crypto’s Head of Product, for Product Lead. CoinTracker’s partnership wheels are churning, too. On Monday […]
Listing SPL tokens would appear to mark a major development in Coinbase’s token onboarding strategy. Up to now, it has only listed Ethereum-based coins and flagship Layer 1 assets such as Algorand (ALGO) and Cosmos (ATOM), a review of its listings found. Source link
The community behind EOS is looking to right itself by renewing tech ties with the network’s OG developer, Dan Larimer, who has engineered a “Mandel” hard break from the company that insiders say “burned” its $4 billion blockchain darling. Larimer, who quit Block.one – EOS’s now-estranged mother company – last January, is ratcheting up technical contributions on the software he spearheaded in 2017. In return, EOS Network Foundation (ENF) – now the ecosystem’s de-facto shot-caller – will bankroll Larimer’s development work with token grants in native EOS. Larimer’s “Mandel” upgrade is a hard fork that would give ENF effective control of […]
Non-fungible tokens of Crocs “footwear, clothing, bags, accessories and charms for decorating” them would all be covered, public filings show. So, too, would software for sending, receiving and trading these digital assets, as would an online store for selling them, the USPTO application said. Source link
Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as a new watchdog: a self-regulatory organization administered by the executive branch’s securities and swaps regulators. Source link
Its native RNDR, the payments token that node-runners receive in exchange for their computing power, is already live on Ethereum and the layer-2 Polygon. Superfast layer-1 Solana is next, according to Urbach, who also has his eyes on Metaplex, that ecosystem’s NFT hub. Source link
It’s a notable picks-and-shovels play as investors and developers pile into digital worlds. The immersive “metaverse” is 10 years out by Facebook’s estimation, but in crypto, a space rife with user-owned gaming gambits and virtual fashion, it has already arrived. Source link
Schroder’s bringing on of Majalya, the Binance.US CEO’s first executive in the “risk” division, telegraphs the exchange means business on the compliance front. That could be pivotal as U.S. lawmakers continue to apply pressure to the nascent crypto industry, which some have argued is under-regulated. Source link
Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, is long on MicroStrategy, Square, Tesla and other crypto industry bulls. A passively managed thematic ETF, it steers clear of bitcoin futures, sticking only to equities that invest in the coin. Source link
Seed investors are taking 4% of all RAIN tokens. That would give Rainmaker Games, which has not yet launched, a market cap of around $162 million. Play-to-earn games such as Axie, which requires an expensive NFT to access, can command multibillion-dollar market caps. Source link
Those tensions were on display midday after validators, peeved by slowdowns to Solana’s claimed Nasdaq-like speed, joined an impromptu roundtable. The problem was simple: a network that usually processes over 2,000 transactions per second was stumbling along at speeds below 500. (Ethereum processes around 15 per second.) Source link
Even so, vetting PII is table stakes whenever money’s involved online. Identity, credit scores and social network reputation metrics “will help make the web 3 markets much more efficient,” and accessible to the non-crypto crowd, said Osama Khan, who previously worked at customer data platform Segment. Source link
The U.S. Constitution has persevered for 234 years. ConstitutionDAO’s shelf life is proving far shorter: just about one month. The slapdash group of crypto investors that this month failed to buy a rare edition of the Constitution at Sothebys will close its Discord server in 14 days. “We have determined that building and maintaining an ongoing project is not something that we as a core team are able to support, given the technical and administrative requirements of doing it properly,” read the group’s website homepage. “Given this, we believe this project has run its course.” ConstitutionDAO is therefore shutting down, the […]
Alchemy Insights, Inc., the developer-centric firm plugged into Dapper Labs and many Ethereum blue-chips, on Thursday launched an NFT API that it said will bridge assets like CryptoPunks with websites, social media and other non-crypto-native platforms. Source link
“We need to be fostering innovation, not stifling it, if we are going to maintain America’s position as the global financial leader,” Lummis said in a statement. “I’m proud to introduce this bipartisan bill to ensure that our tax system reflects the realities of digital assets and distributed ledger technology.” Source link
Crypto market maker GSR is going big on decentralized finance (DeFi) after concluding that decentralized exchanges (DEXs) like Uniswap will prevail over the firm’s centralized partners. Head of DeFi Jake Dwyer told CoinDesk his unit is already moving $1 billion daily on Ethereum- and Solana-based DEXs. DeFi trades account for 20% of GSR’s daily activity; centralized exchanges, GSR’s historical focus, contribute the rest. Those shares are poised to flip in a hurry. GSR is plugging into more chains (Polygon, Avalanche, Celo and Arbitrum go online week) hiring more DeFi staffers and pouring $1 billion in total value locked to DeFi protocols. […]
“We power virtually every NFT [marketplace], we power the majority of DeFi, we power most of the top apps in this space,” Viswanathan said. “Working with a16z is just another extension for us, so that we can see all the early projects get onboarded.” Source link
Solana-based decentralized finance (DeFi) app Tulip raised $5 million in a bid to expand its yield aggregation and crypto lending products. The seven-month-old protocol, which at press time held over $800 million in cryptossets, said Jump Capital and Alameda Research led the “strategic investment.” Tulip recently rebranded; it won a $25,000 hackathon prize as “SolFarm” in June. Pseudonymous CEO “Senx” said in a phone interview that Tulip intends to double its five-person team. A shortage of Solana-focused engineers could complicate that goal, he said, underscoring the heated competition for DeFi developer talent. Tulip allows users to chase double-digit yield on their […]
“It’s much more complicated than transacting in fiat, because as you know, digital assets are not treated as cash,” Jacob said. “Even though we call it cryptocurrency, it’s really a crypto property from a tax perspective, and that’s also true from an accounting perspective as well.” Source link
After months of waiting, the cryptocurrency industry is finally getting the U.S. ETFs that fund executives have long sought – as a way of attracting money from investors who want exposure to bitcoin price via the stock market. While cryptocurrency analysts says the new offerings, focused on bitcoin futures contracts, are less ideal than an ETF backed by bitcoin directly, the reception so far among investors has been overwhelming. Source link
A key manufacturer feeding crypto’s twitter’s tungsten craze is auctioning off an NFT tied to the largest tungsten cube it’s ever made. The NFT’s title says it all: “The Tungsten Cube – 14 inch, ~1,784 lb cube held in Willowbrook, Illinois, USA by Midwest Tungsten Service.” Bidding on OpenSea begins Friday, e-commerce director Sean Murray told coindesk. According to the description on OpenSea, the NFT grants its holder once-a-year visiting rights for the super-dense cube. The NFT is the latest twist in a week-long meme saga that turned a sleepy metals manufacturer into crypto twitter’s unlikely celebrity…. And all because of […]
Digital Currency Group (CoinDesk’s parent company) is planning to hoover up to a billion dollars worth of Grayscale Bitcoin Trust (GBTC). With subsidiary Grayscale’s flagship product facing sudden competition for brokerage accounts’ bitcoin dollars, the crypto conglomerate increased its GBTC buy range by $250 million, DCG announced Wednesday. It said it has bought $388 million shares of GBTC so far. The authorization comes as bitcoin-curious mainstream investors look beyond Grayscale for crypto exposure. On Tuesday, ProShares, a Wall Street fund shop, launched the first bitcoin futures-linked exchange-traded fund (ETF) in the U.S. The ETF (NYSE: BITO) closed the day with $570 […]
Crypto tracer Chainalysis has added bitcoin to its corporate balance sheet. The $4.2 billion software company said Tuesday that it purchased an undisclosed amount of BTC through NYDIG, an institutional bitcoin management firm popular on Wall Street. CEO Michael Gronager called it Chainalysis’ first crypto buy: “We will continue to pursue other digital assets as potential future investments,” he said in a statement. Holding bitcoin as a reserve asset was popularized last year by MicroStrategy and has since caught on in the bitcoin mining crowd. Few public or private companies have done it, however, though Coinbase and BitGo stand out from […]
The news comes as U.S. investors await the fate of a spate of bitcoin futures-linked ETFs from the Securities and Exchange Commission (SEC). With Bloomberg reporting their approval is imminent, the crypto markets are rallying, with bitcoin leading the way. Source link
La SEC está revisando alrededor de 40 solicitudes de ETF de bitcoin, y la semana que viene se cumplirán los plazos de decisión sobre los productos vinculados a los futuros. Según Bloomberg, se espera que el regulador apruebe al menos algunos de ellos, despejando el camino para que comience a operar. Source link
The SEC is reviewing around 40 bitcoin ETF filings with multiple decision deadlines on futures-linked products hitting next week. According to Bloomberg, the regulator is expected to approve at least some of them, clearing the way for trading to begin. Source link
Carter’s affection with tungsten runs so deep that he gives cubes out as Christmas presents, he told CoinDesk. People love it because it’s so surprisingly heavy, he added. He loves it because it is a “sophisticated” yet simple status symbol – far better than a watch. Tungsten has about the same density as gold, he pointed out. Source link
Stripe’s relatively modest hiring push (it has 4,000 employees) comes amid a surge in crypto payments integrations across online retailers and even social media platforms. Strike, the crypto startup behind Twitter’s new bitcoin tipping feature, is preparing to release its payments API in an aggressive bid for mass crypto adoption. Source link
On Monday, the U.S. wing of Sam Bankman-Fried’s crypto empire said its new marketplace, FTX NFTs, will allow users to trade, mint, auction and authenticate Solana-based NFTs. It plans to soon support Ethereum NFTs, the home to the bulk of non-fungibles trading. Source link
“If approved, the actively managed fund would invest primarily in Bitcoin futures contracts registered with the Commodity Futures Trading Commission, and would not have direct exposure to Bitcoin. We look forward to sharing more details with the market when appropriate,” the statement added. Source link
Circle, a key supporter of the USDC stablecoin, said in regulatory filings that it received an “investigative subpoena” from the SEC’s Enforcement Division in July 2021. That subpoena requests “documents and information regarding certain of our holdings, customer programs, and operations,” the filing said. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link
Gensler singled out bitcoin ETFs, which invest in futures contracts that trade on the Chicago Mercantile Exchange and register under the Investments Company Act of 1940. The so-called ‘40 Act “provides significant investor protections,” he said in prepared remarks for a Financial Times conference: “I look forward to staff’s review of such filings.” Source link
One developer is building a bridge with 14 signature verifications, he said. (Riegel noted that 14 cross-checks is “pretty out on the tail” of what’s normal, and as such would require uncommonly high computing power). “We can support those kinds of things now,” he said. Source link
The U.S. Securities and Exchange Commission has tapped Dan Berkovitz, the Commodity Futures Trading Commission commissioner who voiced his concerns about regulation of decentralized finance (DeFi), as the SEC’s new top lawyer. Berkovitz will become general counsel on Nov. 15, replacing acting General Counsel John Coates, according to a press release. Berkovitz had previously announced his intention to leave the derivatives market regulator as of Oct. 1. The move places Berkovitz, who recently warned that many DeFi derivatives may violate federal law, in a key court-facing role at one of the U.S.’s top investment regulators. The Office of the General Counsel […]
The platform, which has not yet launched, plans to build a hub for sharing content, following the news and even trading assets, in a censorship-free environment. It’s hardly the only crypto stab at hands-off social media (BitClout is perhaps best-known) though one of the first on Solana. Source link
That a rather niche project like Grape could break the blockchain with the highest-claimed transaction capacity of any major project raised serious questions for Solana’s tech stack. Project leads plan to issue a full post-mortem in the coming weeks, but early assessments from the Solana Foundation point to the $GRAPE IDO, or initial decentralized exchange (DEX) offering, as the likely culprit. Source link
Jack Mallers’ Strike is making the tech behind Twitter’s new bitcoin tipping feature open to the world. On Thursday, the startup said its “Strike API” – a payments plugin that processes bitcoin over the more efficient Lightning Network – will roll out across a series of business partners. It will be made public “in the coming months,” according to a Medium blog post. “Soon, any internet network, online marketplace, merchant, business, developer, and more will have access to cheaper, faster, global payments of any size with the Strike API,” the post, written by Mallers, said. Mallers said a “select group” of […]
Blockchain.com said the institutional backing will power an increasingly institutional-minded business. Source link
Bitcoin’s march onto corporate balance sheets could be hampered by the crypto’s legendary volatility, according to a survey by Gartner released Tuesday that found only 5% of business executives intended to invest in bitcoin as a corporate asset this year. Source link
MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor’s whopping bet on BTC as a reserve asset. The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data Analyst and Blockchain Data Engineer, explaining in job postings they will join a team “building an analytics platform with advanced metrics and insights for Bitcoin.” MicroStrategy hinted last November its interest in building blockchain data products and even stated its intention to hire for them. Executives did not go public […]
Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. Source link
Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts, appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s platform. “This product will enable customers to convert their cash in to digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video,” one job post said of Amazon’s “new payment product.” Amazon’s Digital and Emerging Payments (DEP) division intends […]