Cryptonauts, LaborDAO, Nym and Wetspace update The Agenda on the state of crypto

The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird in particular. 65 Total views 2 Total shares The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that…

A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city. The Central Bank of Russia has…

Crypto has seen a rise in novel uses of liquidity mining and rewards through protocols like Uniswap, Aave and Compound. More recently, a new crop of DeFi 2.0 protocols such as OlympusDAO, Alchemix and Abracadabra are exploring new ways of operating without giving up token rewards. For all the innovations happening with decentralized systems in crypto,…

The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms. 4060 Total views 15 Total shares Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving…

Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG, according to an official announcement published on April 3.The stake acquisition comes as part of Nimiq’s new strategic partnership with WEG Bank AG and Swiss-Maltese decentralized cryptocurrency exchange (DEX) Agora.Trade.The three partners are working to create a crypto-to-fiat bridge…

The United States Securities and Exchange Commission (SEC) announced that it has agreed to a settlement with the CEO of purported cryptocurrency company Longfin in a statement, Jan. 3.Venkata Meenavalli agreed to pay $400,000 in disgorgement and penalties to resolve the SEC’s fraud action against him, subject to court approval.The SEC’s complaint alleged that Longfin…

London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on aggregate volume data in its analysis,…

Venezuelan authorities confiscated 315 Bitcoin mining systems. 1595 Total views 13 Total shares The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315 Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the mining rigs were told that they did not possess the necessary permits to own and operate the machines. They also were…

Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest. Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts. Market updateThe combined value of all cryptocurrencies rose 4.4% on Sunday to $1.6…