Federal Reserve bank regulator Michael Barr to step down
Fed’s Barr once said the Federal Reserve would “likely view it as unsafe and unsound for banks to directly own crypto-assets on their balance sheets.”
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Celo Alliance Is out to Challenge Libra, Hoping for Less Red Tape
Several members of the Facebook-backed Libra Project have announced their alliance with a rival stablecoin project known as Celo. Since the middle of March, members that have joined the Celo Alliance for Prosperity include, among many others, Coinbase Ventures, Anchorage Mercy Corps, Andreessen Horowitz and Bison Trails Co. The shift in interest from one project…

South Korean legislature considering new licensing system for crypto
Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry. 357 Total views 30 Total shares A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way…

Former Google lawyer joins spate of high-profile attorneys entering crypto
On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal.McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches.McCullagh's appointment…

FBI accused of violating MIT License in smart contract code usage
The FBI has faced claims over the improper use of OpenZeppelin’s libraries in its smart contracts, sparking legal concerns.

Tesla investors sue Elon Musk for diverting resources, talent to xAI
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Coinbase Wallet rolls out support for NFTs
Nonfungible tokens took the crypto market by storm this year, with sales expected to reach almost $18 billion by the end of 2021. 395 Total views 24 Total shares United States crypto exchange Coinbase has made new upgrades to its self-custody wallet, including adding support for nonfungible tokens, or NFTs, in a move that could…

Edward Snowden says gamers could be vulnerable to exploitation using NFTs
"I think the community should very much be trying to bend the arc of development away from injecting artificial, unnecessary scarcity entirely for the benefit of some investor class," said Edward Snowden. 1547 Total views 25 Total shares National Security Agency whistleblower Edward Snowden said he was concerned with how some privileged individuals or firms…

Too many tokens? Analysts argue oversupply could end altcoin season
With 36.4 million tokens flooding the market, analysts question whether altcoin seasons are a thing of the past.