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SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...
Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg
9.5.2023
The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported
ChatGPT and other AIs could play a big role in driving more users to crypto
9.5.2023
By doing things such as helping users find answers to their questions by looking at their wallets, AI could help introduce millions of new people to blockchain
Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption
9.5.2023
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share...
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
9.5.2023
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies
Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline
9.5.2023
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against...
Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds
9.5.2023
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors
Sam Altman's Worldcoin Introduces App for Eyeball-Scanning Crypto Project
9.5.2023
Sam Altman’s Worldcoin project has launched a self-custodial mobile app that allows users to manage their World ID and a range of cryptocurrencies.
The World App, developed by Tools For Humanity, the company behind Worldcoin, is built on the Ethereum sidechain Polygon, according to a Monday blog...
Mastercard, PayPal, and Robinhood to Facilitate Crypto Adoption through Smoother On-ramps – Here's What You Need to Know
9.5.2023
Cryptocurrencies are soaring in popularity worldwide as the traditional financial system shifts to incorporate more efficient digital systems.
However, despite the growing interest in cryptocurrencies, it is still challenging for novices to deal with terms such as hashrate and gas fees....
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
9.5.2023
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022
P2P Crypto Platform Paxful Resumes Operations, Led by Delaware Lawyer – Here's the Latest
9.5.2023
In a major update, leading peer-to-peer cryptocurrency exchange Paxful announced the resumption of its marketplace operations.
This is the first time the platform has been operating since April 2023.
Paxful digital asset exchange primarily facilitates the buying and selling of Bitcoin and other...
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Crypto Media Outlet Blockworks Raises $12M at $135M Valuation
9.5.2023
The 10T Holdings-led round had a $135 million post-money valuation
12 factors VCs should focus on when vetting crypto and blockchain companies
9.5.2023
Due diligence when vetting crypto and blockchain companies comprises considering both traditional business factors and unique imperatives
Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals
9.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family...
Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal
9.5.2023
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.
The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto...
CoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto
9.5.2023
The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series
Jim Myers, CTO of Flipside Crypto, on the Intersection of Data and Community, Growing Startups, and Incentives | Ep. 228
9.5.2023
In an exclusive interview with cryptonews.com, Jim Myers, CTO and Co-Founder of Flipside Crypto, talks about growing successful startups, tips and tricks for growing during crypto winter, and why open source data is so important to the future of blockchain....
Read More: Jim Myers, CTO of Flipside...
TMS Network stands tall in the crypto world, unfazed by competitors Dogecoin & BNB
9.5.2023
As the bull season takes shape, new contenders emerge, vying for a piece of the market share. TMS Network (TMSN) has recently taken the stage, surging 1700% in price appreciation, and has demonstrated remarkable growth potential in the face of fierce competition from established players like...
Crypto Security Firm Dfns Adds Biometric Support to Wallet Development Toolkit
9.5.2023
The addition will allow wallet developers to incorporate Face ID, fingerprints, and other convenient authentication methods into their products