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On-chain tool to seize crypto is a purist’s nightmare, but a must, says CEO

The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption. On Aug. 8, a U.S. District Court used Jurat’s on-chain enforcement tool to lock several sanctioned individuals out of their crypto accounts. These individuals were

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Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum

Episode 16 of Hashing It Out explores one of the most popular cryptocurrency use cases: payments. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to discuss various Web3 payment solutions and how Fuse contributes to businesses’ adoption of cryptocurrency payments. Smargon explained that the payment network’s strategy involves looking

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Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO

Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cryptox at the Blockchain Futurist Conference in Toronto.Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to

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Silvergate CEO to depart amid ongoing liquidation and investor suits

Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank.Lane and the firm’s chief legal officer John Bonino will depart on Aug. 15, while Antonio Martino, chief financial officer of the company, will depart on Sept.

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Using courts for every crypto issue will squash innovation: Grayscale CEO

Grayscale Investments CEO, Michael Sonnenshein, highlighted a potential negative outcome for the United States economy if the Securities and Exchange Commission (SEC) continues to take a one-by-one approach to regulating the cryptocurrency industry.During a recent interview with Fox Business, Sonnenshein expressed that the SEC could drive crypto firms out of

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SEC announces $24M settlement for case against Bittrex and its former CEO

The United States Securities and Exchange Commission (SEC) has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange.In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 million in disgorgement, $4 million in

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