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The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart. On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter,
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The 10 artists, including Deafbeef, Casey Reas and Harm van den Dorpel, will advise the platform’s artist residency program. Original Source
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The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate.In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to
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“For cryptocurrency to successfully deliver on its potential to revolutionize traditional financial infrastructure, companies in the space must prioritize transparency,” Jenson said in a release. “I’m excited to bring my experience to the company and share Ripple’s commitment to upholding the highest standards.” Original Source
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The acquisition of Credit Suisse by the bigger bank has been viewed using different lenses by industry observers. Swiss multinational investment banking firm UBS Group AG (SWX: UBSG) has announced that Ulrich Koerner, the CEO of Credit Suisse, will be joining the executive board of the new joint entity. The update
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A lawsuit filed in a state court in Delaware alleges that Coinbase’s top executives enriched themselves by $1.09 billion by not disclosing negative information about the company before listing its shares in April 2021. Defendants in the
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A Coinbase shareholder has filed a stockholder derivative complaint against some of the company’s executives and board members, claiming they profited from inside information during the company’s public listing. CEO Brian Armstrong and well-known venture capitalists are among the defendants.A stockholder derivative complaint is a suit filed against a company
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A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the FTX case from occurring,” she cautioned: “Certain
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Elizabeth McCaul, a supervisory board member of the European Central Bank (ECB), has called for additional oversight of crypto firms operating in a borderless state outside typical attempts at supervision.In an April 5 blog post, McCaul said there was currently no adequate regulatory or supervisory framework for crypto firms, but
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The existing approach, accounting for crypto as so-called indefinite-lived intangible assets, only focuses on the assets dropping in value. According to the board’s proposal, it “does not reflect the underlying economics of those assets and does not provide decision-useful information.” Original Source
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