Coinbase Taps Regulation Veteran for First-Ever Crypto Compliance Chief

Mar 25, 2020 at 10:00 UTCUpdated Mar 25, 2020 at 10:07 UTCMt Gox image via CoinDesk archive The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan.The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation…

New York-based INX (INXDF), a digital asset broker-deal has received a $5.25 million investment from investment firm Republic, with an option for a full buyout later this year.Republic will acquire around a 9.5% stake in INX at an approximate $50 million pre-money valuation, with a "non-binding" commitment to acquire of 100% of equity at a…

One of the top members of the U.S. House of Representatives predicted that the best remaining chance for major crypto legislation this year is in a tight window at the end of the congressional session.Republican Emmer noted the major recent support from Democrats in Congress for crypto measures, but he suggested the U.S. Senate probably

This U.S. presidential election has been the first where cryptocurrencies have come up as a major policy issue, and the industry is lobbying (and bracing for) the possibility that President Joe Biden and former President Donald Trump may bring it up when they face off in a Thursday debate. To that end, crypto advocacy group

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Daniel Kuhn is a features reporter and assistant opinion editor for CoinDesk's Layer 2. He owns BTC and ETH.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Going by the numbers, it seems like…

Feb 6, 2020 at 16:00 UTCUpdated Feb 6, 2020 at 16:31 UTCBlockstack CEO Muneeb Ali. (Credit: Gary Sexton / Blockstack Summit 2019)Blockstack is giving its long-term holders a new way to earn bitcoin.Announced Thursday, the decentralized-web startup is rolling out a consensus mechanism that essentially presents a fresh use case for the world's most popular…

Sweden’s Financial Supervisory Authority (FI) is investigating two local crypto firms Safello and Goobit, according to an announcement on its official website.FI said on Thursday that it wants to know how local crypto firms are complying with the European nation’s anti-money laundering (AML) rules.To that end, FI has picked what it calls two ‘market-leading’ companies,…

Jun 5, 2020 at 08:13 UTCUpdated Jun 5, 2020 at 08:15 UTCFederal Reserve of Philadelphia (Credit: Shutterstock/Bumble Dee)Central bank digital currencies might one day replace commercial banks. But that comes with risks, according to new research from the Federal Reserve of Philadelphia. The 32-page research paper – titled “Central Bank Digital Currency: Central Banking for…

CLabs, the developer behind the Celo blockchain, are proposing to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution.The team announced the proposed move over the weekend on Twitter.The existential change could simplify liquidity sharing between Celo and Ethereum while boosting security and facilitating a seamless developer experience, according to the post. Celo…