Cryptocurrency Analysis and News Portal
Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled
Read More
Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion
Read More
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies of the world, collectively known as G20. According to a
Read More
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups.Liquid staking is the practice on blockchains using
Read More
Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.A hearing in the Bahamas Supreme Court was set for Dec. 21 regarding the matter.
Read More
The Singapore High Court on Friday issued what some lawyers are describing as a “huge decision” in affirming the court’s jurisdiction over a case involving a non-fungible token (NFT), despite the borderless and decentralized nature of blockchain networks that host NFTs.The case involves a plaintiff who used a Bored Ape
Read More
The DeFi Education Fund, a D.C.-based organization, has filed to join the Ooki DAO case in hopes of blocking the CFTC from being able to serve the DAO through a website post. Source
Read More
The lawsuit, announced last week, is the first to be brought against members of a DAO by the CFTC, and could have wide-ranging consequences for DAO regulation in the future. Charges were also filed and settled against a blockchain protocol, bZeroX – which the CFTC claims operated the same service
Read More
The challenge is keeping a DAO decentralized while allowing it to meet the tax requirements and other practical demands of a business or nonprofit. Using well-trodden, offshore strategies to avoid taxes “could substantially increase the risk of global backlash,” according to the paper written by Miles Jennings, a16z’s general counsel
Read More
This week’s “Money Reimagined” episode is framed by some bombshell news developments that are adding fuel to a fire of mistrust in authority that’s been allowed to kindle into a raging threat to global financial institutions.This episode is sponsored by Quantstamp.Hosts Sheila Warren and Michael Casey are joined by Wall
Read More