Washington State Joins Celsius Bankruptcy Case as Interested Party
The state’s move continues a trend of state-level regulators moving faster than the feds on regulating crypto.
Crypto
Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway
Layoffs at stakefish took effect on the same day as the Ethereum Merge – just as they were set to play a key role in securing the revamped blockchain.
CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics.
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
Rep. Warren Davidson: Stablecoin bill has ‘outside chance’ of finalizing this year
Earlier this week, new draft legislation on stablecoins came to light aimed at “endogenously collateralized stablecoins.”
Fork, yeah! Cardano Vasil upgrade goes live
Cardano’s newest hard fork is the blockchain’s most significant update since adding smart contract functionality last September.
Many NFT projects lack adequate smart contract testing, says nameless founder
Last year, the Akutars NFT collection sold out 15,000 tokens, but a major big saw $33 million worth of Ether (ETH) generated from sales locked into an inaccessible smart contract.
First Mover Asia: As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K
First Mover Asia: The average yield one can expect for lending USDC via DeFi protocols is 0.98%; the current one-year Treasury bond is paying 4.08%.
Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder
Australian crypto entrepreneur Fred Schebesta said Australia already has a “fledgling” crypto industry but needs to “align with the other major markets.”
Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge
Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed.
The ETH Merge Did Little to Energize a Tepid NFT Market
Volume on one of the industry’s top marketplaces, OpenSea, has had little movement before and after the Merge, to the surprise of many.
CFTC Penalizes Blockchain Protocol $250K, Files Action Against Successor DAO
The commission said bZeroX offered illegal, off-exchange trading of digital assets, and has also filed a civil action against the Ooki DAO.
NFT Marketplace TravelX Launches With Tickets From Low-Cost Argentinian Airline Flybondi
The platform hopes to offer the inventory of 60 more airlines within the next 12 months.
Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress
Congress’ attempt to make the Commodity Futures Trading Commission (CFTC) the primary U.S. cryptocurrency regulator took a procedural step forward on Thursday, with a House lawmaker introducing a bill supporting a parallel effort in the Senate.
Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride
Both bitcoin and ether saw wide swings in price over the past day. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Crypto Mining Data Center Provider Compute North Files for Bankruptcy Protection
The company earlier this year raised $385 million in fresh capital.
Cardano’s Vasil Upgrade Marks an Important Milestone in the Blockchain’s Evolution
Chief scientist at IOG Aggelos Kiayias explains why Cardano has re-thought smart contracts and how it prioritizes security over speed.
Crypto-Mixing Service Tornado Cash Code Is Back on GitHub
The move by GitHub comes as Ethereum developers have called for platforms that host the mixer service to not ban Tornado Cash code.
XRP price breaks out of range with a 25% rally, but why?
XRP attracts buyers after the hope of a positive court ruling triggers a 25% rally above a key longer term resistance level.
UK gov’t introduces bill aimed at empowering authorities’ to ‘seize, freeze and recover’ crypto
King Charles announced the bill in May to both houses of the U.K. Parliament, saying it was aimed at tackling illicit finance, reducing economic crime and helping businesses grow.
Helium migrates its blockchain to Solana following T-Mobile partnership
The project’s developers cites Solana’s ability to improve efficiency as scalability as reasons for the move.
Indonesia tiene planes globales para las criptomonedas locales
El país considera a los tokens como una forma de impulsar su economía.
Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprietary trade
In a blog post, Coinbase said the WSJ seemed to confuse the nature of a transaction earlier this year made using money raised through a structured note that was later sold.
Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Legacy investors often say BTC, ETH and altcoin volatility is too high to warrant a sound investment, but many major corporations have seen even larger drawdowns in their stock prices in 2022.
Get ready for a swarm of incompetence at the IRS in 2023
The IRS is hiring 87,000 agents, thanks to President Joe Biden’s 2021 infrastructure package, but they won’t be fully trained for three years.
Korean crypto bank partners with Blockdaemon to offer retail staking services
In January, Delio was granted Virtual Asset Service Providers (VASP) approval by the Korean Financial Intelligence Unit.
Utah Man Charged With 7 Felonies in Connection to Alleged $1.7M Crypto Mining Scam
A Utah man has been charged with seven felonies for his alleged role in several financial fraud schemes, including a cryptocurrency mining scam that bilked two customers out of $1.7 million.
Coinflex plans give 65% of company to creditors as part of restructuring proposal
Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company’s shares.
Celsius Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens
Bankrupt crypto lender Celsius appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens.
INX Debuts Trading Platform for SEC-Registered Security Tokens and Cryptocurrencies
INX will also offer services for investors seeking to raise capital through a security token offering.