“In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board)…to advance the swift development and implementation of consistent and comprehensive regulation,” the ministers wrote in a draft communique seen by Reuters
Michael Barr, a former Ripple adviser nominated by President Joe Biden to run the Federal Reserve’s oversight of the U.S. financial sector, sees cryptocurrency technology offering “some potential for upside and also some significant risks,” he said during a Senate hearing Thursday. While his time on the board of advisers at Ripple wasn’t raised during […]
Merchants using Shopify now have another option to accept cryptocurrency as a payment method.
“There’s a lot of talk when you talk to other regulators, I think most particularly in the federal government, about a ‘race to the bottom,’ that states will regulate differently, and those with lower standards are going to attract more companies,” Harris said. “But we haven’t really seen that play out in practice.”
Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud.
“Instead of focusing on the lack of client asset segregation at digital asset exchanges, which is also true with securities held in ‘street name’ at DTCC, legislators should work on a Digital Asset Investor Protection Act that mirrors the Securities Investor Protection Act,” said Dave Weisberger, co-founder and CEO of CoinRoutes, Inc. It could give […]
Dragonfly Capital led the round, which will fund a cross-chain DAO for wallet users.
Gary Gensler, the head of the Securities and Exchange Commission, made a pitch for a higher budget Wednesday, telling lawmakers in the U.S. House of Representatives that he wants to do more as a cop on the cryptocurrency beat. He cited the collapse of TerraUSD (UST) as evidence for the need to better protect crypto […]
In a presentation Wednesday at Chainalysis LINKS conference in New York, Chief Scientist Jacob Illum showed the audience how the transaction hash of a single Bored Ape NFT theft can lead through a web of wrapped assets, stablecoins, chain hops and exchanges to uncover multiple suspects.
Coinbase Global (COIN) launched a a crypto-native think tank dubbed the Coinbase Institute to fuel ideas across the digital ecosystem on Wednesday.