Ex-Trump chief of staff says crypto election impact will be ‘fascinating’

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Law Decoded will be going on a break next week for the holidays but will return in the new year. Editor’s noteAs the holidays loom, Bitcoin has been shattering all-time highs. For reasons why, consult Cointelegraph’s markets…

The DOGE price jumps again, up by over 30% during the past 24 hours. 5750 Total views 35 Total shares Dogecoin (DOGE) continued its rapid ascension on Tuesd, as the coin price for the world’s most beloved meme coin crossed the $0.50 barrier for the first time.On Tuesday, the value of Dogecoin climbed from $0.389421…

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

Chamath Palihapitiya says Bitcoin is uncorrelated to financial markets, which is one reason people should invest 1% of their wealth in it. 2737 Total views 18 Total shares Chamath Palihapitiya, the billionaire CEO of Social Capital and Virgin Galactic Chairman, has called Bitcoin a type of disaster insurance against governments making bad financial decisions. In an…

Sumitomo Mitsui Financial Group, Japan’s 2nd-largest lender by assets, will sign an agreement with SBI Holdings for new smartphone services. 317 Total views 27 Total shares The second largest bank in Japan will sign a deal with SBI Holdings to offer digital banking services available on smartphones.According to an April 27 article in the Nikkei…

CEO and co-founder of Goldman Sachs-backed crypto finance company Circle has said the biggest regulatory hurdle facing crypto today is the lack of clarity from the United States securities regulator over how to define various crypto assets.Jeremy Allaire made his remarks in an AMA reddit thread he initiated on Jan. 10 together with Circle co-founder…

The European Central Bank says global stablecoins require clear regulatory structure prior to approval. In a recent in-depth report on global stablecoins, the European Central Bank, or ECB, pushed for clear regulatory parameters for stablecoins, citing risks as well as gaps in current regulations. "In order to reap the potential benefits of global stablecoins, a robust…

Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s first fully electric car, the XC40 Recharge, Volvo has come up with a new business strategy that includes introducing an electric vehicle every year through…