DeFi needs regulation to drive adoption — Web3 exec

The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case. 222 Total views 2 Total shares Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The…

Libra will initially be pegged to just one fiat currency. 3431 Total views 38 Total shares The long-awaited digital currency Libra could finally see the light of day as soon as January 2021, according to a new report.Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of…

China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay.Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS Group Research, said Beijing could profit from the appeal of its state-issued digital currency to merchants.Bringing…

Bitstamp’s Bobby Zagotta said Ether ETFs came at a “burdened moment” for risk assets but was optimistic things would pick up at the end of the year. 

Bitcoin (BTC) is beginning its “seventh bull cycle,” and investors should not be scared of crypto post-FTX, Pantera Capital believes.In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.”Morehead: Cryptoassets have "seen the lows" this cycleWith BTC price action retracing…

This week’s Crypto Biz explores Hashdex filing for a combined spot Bitcoin and Ether ETF, Coinbase’s pre-launch market, Ripple’s challenges with regulators in the U.S., and more stablecoins delisting in Europe.

The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation. 941 Total views 7 Total shares Own this piece of history Collect this article as an NFTThe chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations…

Some winners purchased additional digital yuan during the pilot. 767 Total views 13 Total shares The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan.As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in China have received their prizes, Shenzhen…

Ethereum developer Virgil Griffith entered a plea of not guilty Thursday afternoon in a Southern District of New York courthouse. Griffith is charged with conspiring to violate the International Emergency Economic Powers Act after traveling to North Korea (DRPK) in April 2019 to attend a cryptocurrency conference. If convicted, Griffth, who once called himself a “disruptive…