May 2024 | Last Cryptocurrency News Feed

U.S. President Biden Vetoes Resolution Overturning SEC Guidance

U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121, he announced Friday afternoon.SAB 121 is a controversial piece of SEC accounting guidance that directs financial institutions holding crypto for customers to keep the assets on their own balance

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Meet the Citizens of Consensus

Starfox was introduced to Gunnar Lovelace by his girlfriend. (Daniel Kuhn/CoinDesk)You may have seen Starfox walking around the conference grounds parading a Jamie Dimon look-a-like with a whip. She’s part of the art/protest project, UNFK, created by serial entrepreneur Gunnar Lovelace. Outside of work, Starfox says she’s friends with Lovelace and his girlfriend and also

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US President Joe Biden vetoes SAB 121 repeal

Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors."

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Ethereum’s Vitalik Buterin Donates 30 ETH to Support Tornado Cash Devs’ Legal Defense

Ethereum co-founder Vitalik Buterin donated 30 ETH, valued at around $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through the decentralized fundraising platform Juicebox. According to the on-chain data, the transaction from an address linked to Buterin, named vitalik.eth, was made at 1:58 am EST on May 30

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Ripple CEO says XRP ETF 'inevitable' — Consensus 2024

Brad Garlinghouse said he believes the market is headed toward a $5 trillion valuation and that the advent of XRP, SOL, and other crypto ETFs is a matter of time.

CoinDesk Feed

Wall Street Asks Biden Not to Veto Congress’ Rejection of SEC Crypto Policy

The groups that lobby for big-bank interests in Washington asked the White House to step back from its stated intention to kill Congress' effort to cancel a controversial Securities and Exchange Commission crypto policy.Two of the digital assets sector's biggest allies on Capitol Hill also sent a similar request to the president. In a rare

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Bybit restructures executive team following $26M airdrop fiasco

Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout.

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ConsenSys-Backed Linea Slams Matter Labs’ Power Grab Over ‘Zero-Knowledge’ Tech

ConsenSys-backed Layer 2 network – Linea – has extended support to StarkWare’s statement denouncing Matter Labs’ attempts to trademark the term “zero-knowledge” (ZK) in nine countries. Matter Labs, the entity behind zkSync, aims to assert exclusive control over this foundational cryptographic concept, sparking outrage across the industry. Notably, Matter Labs has also pursued the registration

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Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

This week’s Crypto Biz explores Solana’s comeback, BlackRock funds’ growing exposure to Bitcoin, Riot Platforms’ bid for Bitfarms, Semler Scientific using BTC as a treasury reserve, and more.

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Senator Lummis sends letter to Biden urging no veto for SAB 121 repeal

The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin.