FINRA says rules still apply in the metaverse

The European Union’s securities regulator has put out a report warning of risks of Big Tech’s entrance into finance.   “The high level of market concentration typically observed in BigTech may get carried into financial services, with potentially adverse impacts on consumer prices and financial stability,”  the European Securities and Markets Authority, or ESMA, said of Big…

Law firm Covington & Burling has denied Steven Nerayoff's allegations, calling his lawsuit “meritless” and vowing to “vigorously” fight it.

More than 98% of transactions on the Bitcoin SV blockchain over the past 30 days have been used for writing data from a weather app, Twitter personality Painted Frog noted today, June 24.Citing data from bitcoin cash (BCH) blockchain visualiser Trends.cash, Painted Frog noted that the vast majority of BSV transactions have been implemented so…

Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition.In a Twitter thread published on Sept. 11, Armstrong doubled down on his earlier claims that Apple continues to block some functionalities for cryptocurrency developers. The CEO alleged that other cryptocurrency…

Uniswap’s governance token has become the first DeFi token to rank among the ten-largest crypto assets by capitalization. 5672 Total views 27 Total shares The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap as speculation builds…

Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government's powers to seize and recover crypto assets.Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3…

Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors. 221 Total views 44 Total shares Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year.The agency confirmed…

The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions. 203 Total views 3 Total shares Cryptocurrency individual retirement account and 401(k) provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion.In a…

The Ethereum co-founder said new developments on Bitcoin provide "good" pushback against “laser-eye” maximalists. The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin.Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall…