Crypto Exchange Coinbase Shares Tumble 16% After SEC Enforcement Notice
On Wednesday, the SEC issued Coinbase a Wells notice, which informs businesses that it is planning future enforcement action against them. Coinbase said in a filing with the SEC that it believes any action “would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet.”
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Crypto Brokerage Blockchain.com Receives Institution License From Singapore
Crypto brokerage Blockchain.com received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), according to a press release on Monday. The license allows it to provide regulated digital payment token (DPT) services to its global institutional and accredited investor customers.The company had received an in-principle approval from MAS last year."Singapore represents…

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
The Bank of England and the Financial Conduct Authority need to reconsider certain proposals to regulate stablecoins, multiple industry groups say.Lobbying groups argue the proposals treat stablecoin issuers unfairly and harm their ability to earn revenue.Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.In November, the Bank of England

Crypto Action in Senate Remains on Back Burner: Sources
A rush of legislative proposals among Senate Banking Committee members, including from one of the chamber's biggest crypto critics, Sen. Elizabeth Warren, aren't poised for immediate action, according to people familiar with the panel's planning. Committee Chairman Sherrod Brown is still in talks with the members about their ideas for dealing with criminality in crypto.

Self-Sovereign Identity Will Reshape the Internet (if You Use It)
Self-Sovereign Identity Will Reshape the Internet (if You Use It)Brace yourself for a concept that will feel jarring, an idea that will clash with everything you know about 2020, and a philosophy that will feel downright unthinkable: Optimism.Many internet 2030 scenarios are bleak. (See other entries in our “Internet 2030” series). Here we imagine a brighter…

Mnuchin’s Number Two Says Private Cryptos Pose Threat to Government Power and Will Be Watched
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Crypto Is on Trial Alongside Sam Bankman-Fried
Today is the beginning of Sam Bankman-Fried’s trial, and can already count as one of the most pivotal days in crypto history. Even if nothing majorly important is happening on the stand, yet. The reason why this trial of just one man matters for an industry is simple enough: SBF, as he was sometimes chummily

Blockchain Bites: Libra’s Future, Elrond’s ‘Trial by Fire’ and LocalBitcoins’ Volume
Jun 10, 2020 at 16:33 UTCUpdated Jun 10, 2020 at 16:34 UTCDante Disparte (Credit: CoinDesk archives)Blockchain Bites: Libra’s Future, Elrond’s ‘Trial by Fire’ and LocalBitcoins’ VolumeAn unknown wallet holder mistakenly, it seems, sent a $2 million transaction fee on the Ethereum blockchain, Elrond is testing its network in a “trial by fire” and Libra’s Dante…

Cubist, Led by Computer Science Professors, Releases Wallet-as-a-Service ‘CubeSigner’
Cubist, a blockchain startup co-founded by computer science professors at Carnegie Mellon University and University of California San Diego, publicly released a new "wallet-as-a-service" product, aiming to solve the challenge of making account keys readily available while keeping them secure.The product, CubeSigner, "lets users request signatures through revocable signing sessions instead of giving direct access