What's next for UK crypto regulations after Coinbase's $4.5M fine?
The FCA’s fine points to a “one-off” enforcement action, not a wider crackdown on the industry, according to a legal expert.
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Terra collapsed because it used hubris for collateral — Knifefight
The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now. Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it imploded, what it means for…

Tether hires Chainalysis’ chief economist for USDT usage reports
Tether has appointed Philip Gradwell as head of economics to improve transparency on USDT usage to regulators.

Australian stock exchange officially abandons blockchain plans: Report
ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors. Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with…

Top 5 Crypto Performers Overview: Litecoin, Binance Coin, Ripple, Bitcoin, Tron
Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others.We believe that some cryptocurrencies might bottom out even before Bitcoin does. Due to that, it is necessary to be…

Nvidia drops new AI chip expected to cut development costs
Nvidia, the current market leader for semiconductor chips, revealed its latest chip designed to run large-scale AI systems and is expected to cut costs of LLMs. 91 Total views 1 Total shares Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7 which is designed to power high-level…

A ‘token’ gift: The US SEC giveth and taketh away
On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner consistent with Rule 15c3-3 under the Securities Exchange Act of 1934. Among other things, the statement, which will expire after a period of five years from publication, provides that a broker-dealer may custody…

Investors Defrauded by South Korean Pyramid Scheme
An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors. 1168 Total views 21 Total shares South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme.According to TV Chosun, police are looking into reports that over 160 individuals are believed to…

Peter Thiel’s fund pushes Infinex NFT investments to $67.7M
Thiel co-founded PayPal and provided early funding for platforms like LinkedIn and Yelp.