Coinbase exec urges SEC reform after Trump’s election win
Coinbase chief legal officer Paul Grewal has urged the SEC to foster crypto innovation over litigation amid Trump’s pledge to fire Gensler.
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Crypto Critic Nouriel Roubini: Central Bank Digital Currencies Won’t Be on Blockchain
American economist and notorious crypto critic Nouriel Roubini has argued that if and when central bank digital currencies (CBDCs) are adopted, they won’t be based on blockchain.Roubini — otherwise known as “Dr. Doom” for his prediction of the 2008 housing bubble collapse — made his comments during a joint panel with Ethereum (ETH) co-founder Vitalik…
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
Officials from all over the world continue discussing the solutions for stablecoins' risks 356 Total views 28 Total shares It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and…
Price analysis 9/1: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA
Bitcoin (BTC) is struggling to break above $50,000 but analysts remain confident due to strong on-chain metrics. Analyst Willy Woo believes that investors have been accumulating Bitcoin and a break above $50,000 could result in a quick up-move to $60,000.Another positive voice was that of SkyBridge Capital CEO Anthony Scaramucci, who said in an interview…
Not the best week for crypto lending: Law Decoded, June 20-27
The Celsium failure continues to draw attention to the lending issues from regulators and community. 110 Total views 19 Total shares Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the…
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB,…
Is Reddit Devising a Blockchain-Based Tipping System?
Reddit could be about to implement a new blockchain-based points system on its app, if a screen recording posted in the Cryptocurrency subreddit today is to be believed.Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving…
Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global Capital among those hit by the exchange’s collapse.FTX’s bankruptcy has…