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The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8.Subsequently, Everledger was quietly placed
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Oliver Linch, CEO of Bittrex Global, expresses frustration with the SEC, citing the absence of any communication between the two parties before the issuance of a Wells notice to the cryptocurrency exchange. Oliver Linch, the CEO of
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A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information regarding the actions it is taking against neo-Nazi groups,
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On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital assets. Coinbase Requests SEC
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Do Kwon’s lawyers indicated that Coinbase does not list securities, and the SEC has not been granted the powers by Congress to regulate digital assets as securities or commodities. The Terra Luna and Do Kwon case could be headed in a different direction after a South Korean court ruled that the
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In the civil action brought against Kwon, the regulator failed to prove "personal jurisdiction" as products referenced by the SEC were "available to the world and not directed at U.S. persons," a 47-page supporting document for a motion to dismiss the charges said. It also says that a digital asset
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According to former Department of State official Anja Manuel, if the United States isn’t able to maintain its dominance in financial innovation and payments, it could affect its national security policy, specifically on sanctions.Speaking to Coinbase CEO Brian Armstrong and listeners in an April 21 Twitter Spaces discussion, Manuel said that
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United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.In an April 19 hearing of the U.S. Subcommittee on Digital Assets, Financial Technology and Inclusion, Austin Campbell, an adjunct assistant professor at the Columbia Business School, said areas including
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"I think it's a question of demand," Hunt said. "I think we always want to be at the cutting edge in the U.K., in terms of new technology, but the world has changed significantly since then and we're not convinced that the demand is going to be there in the
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Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed: “We don’t want
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