a16z Crypto recommends startup founders ‘never publicly sell tokens’ in US
“The SEC argues that nearly every token should be registered under U.S. securities laws,” commented a16z Crypto’s general counsel, Miles Jennings.
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Six Major Central Banks to Collaborate on Digital Currency Research
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC).According to a press release published by the Bank of England on Jan. 21, the aforementioned institutions will share their experience with other group…

Crypto investor Sequoia Capital China reportedly raises $9 billion
Sequoia China is known for backing many crypto firms, including the troubled crypto lender Babel Finance, which halted withdrawals in mid-June. 625 Total views 14 Total shares Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups.In…

Polygon proposes upgrading MATIC into a multipurpose token for all chains
The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains.The proposal…

Core Scientific appoints Adam Sullivan as CEO amid restructuring process
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September. 78 Total views 1 Total shares Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4,…

Sophia the robot set to auction NFT digital artwork
The popular humanoid robot will become the first artificially intelligent being to create nonfungible token-based artworks. 3213 Total views 19 Total shares The booming nonfungible token space is about to experience another expansion, with Sophia the Robot set to auction its own NFT digital artwork.According to an announcement on Monday, the social humanoid robot will…

The Madeira Bitcoin adoption experiment takes flight
This spring, the Madeiran archipelago “adopted” Bitcoin (BTC). Madeira’s President, Miguel Albuquerque, was invited onto the stage at Bitcoin Miami 2022 by Jan3 CEO Samson Mow to announce the promise.The president announced, “I believe in the future, and I believe in Bitcoin.” Days prior, Albuquerque was breaking bread with Michael Saylor, executive chairman of MicroStrategy, at…

Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATM
The co-founder of Indian crypto exchange Unocoin has been arrested shortly after setting up an allegedly unregistered Bitcoin (BTC) ATM machine in Bangalore, English-language daily Times of India reports Oct. 24.The 37-year-old co-founder, Harish BV, was apprehended by police after having reportedly installed the ATM kiosk at Kemp Fort Mall on Old Airport Road, together…

Paxful closing, CEO blames staff departures, regulatory challenges
Paxful CEO Ray Youssef said U.S. regulators “don’t get it,” but infighting in the C-suite may have played a role in the company’s closure as well. 334 Total views 1 Total shares Own this piece of history Collect this article as an NFTPeer-to-peer cryptocurrency marketplace Paxful announced on April 4 that it was suspending operations.…