Month: February 2023
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.”
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Twitter is just showing everyone all of Elon’s tweets now
The first of several Elon tweets that appear in my For You feed. | Screenshot: Emma Roth / The Verge For many of us, Twitter’s “For You” is full of tweets and replies to tweets from Elon Musk. Not everyone is getting the Elon-first feed, but on Monday afternoon, more than a few people noticed … Read more
How the SEC Could Reshape Ethereum’s Staking Landscape for the Better
By shutting down Kraken’s staking service, the SEC could shift power over Ethereum toward solo stakers and decentralized alternatives.
Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange
Binance has endured some $828 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November, surpassing the withdrawal surge in December amid fears about Binance’s reserves.
Ram 1500 REV loses the prototype’s gimmicks and looks like an electric Ram
The Ram 1500 REV electric truck looks like a regular Ram truck now. | Image: Stellantis Stellantis revealed its new Ram 1500 REV electric truck with an ad during the Super Bowl yesterday, and it’s not looking quite like the lean-roofed, futuristic brute concept that the automaker shared last month. The preproduction Ram 1500 REV … Read more
CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal Trial
The request to stay the SEC’s civil case against Bankman-Fried is still pending.
Chromebooks might finally get customizable keyboard shortcuts
Image: Framework Google appears to be testing a feature that would let Chromebook users set custom keyboard shortcuts throughout the OS (via Ars Technica). While it doesn’t currently work, About Chromebooks’ Kevin Tofel found a keyboard shortcut editor in the ChromeOS 111 beta that can be accessed by enabling flags with names like “enable-shortcut-customization-app” and … Read more
Circle blew the whistle on Binance reserves to NYDFS: Report
The company’s complaint to the New York regulator reportedly came before the SEC’s lawsuit against Paxos over BUSD and NYDFS ordering the firm to “cease minting” the stablecoin.
Crypto’s Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional financial system.
Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions
The app is expected to cease operations on March 16, 2023.
Samsung’s Galaxy Watch 5 will soon add temperature-based period tracking
The cycle tracking feature has been FDA registered, complies with CE marking, and has been approved by South Korea’s Ministry of Food and Drug Safety. | Image: Samsung, Natural Cycles With the Samsung Galaxy Watch 5 series, the company finally added temperature sensors to its smartwatches. The only thing was that the sensors didn’t really … Read more
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program.
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500.
9 crypto gifts for your Valentine’s Day date
Crypto gifts not only demonstrate love but also a shared interest in the exciting world of cryptocurrency and finance.
NFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA
The latest NFT donation highlights how major art institutions are embracing digital collectibles.