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The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered responses from community members, pointing out how the decision could be "problematic," and how many NFT projects fit the description and may be next on the SEC’s hit list. On Aug. 28, the
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Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent amendment to the
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An obvious, but so far intractable, solution to this problem would be a decentralized stablecoin. Or ideally stablecoins. Unfortunately, most of the top DeFi-native stablecoins depegged along with USDC, a centralized and censorable asset that makes up a significant portion of supposedly decentralized asset’s backing. LUSD, for instance, tied to
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Alessio Evangelista, the associate director for Enforcement at the Financial Crimes Enforcement Network (FinCEN), said that “too often” crypto service providers have opted to keep their heads in the sand about blatantly suspect wallets “right up until the day of an OFAC designation or criminal indictment.” Source
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In some circumstances, is yield farming with non-fungible tokens (NFTs) another term for wash trading? Yield farming is the process of getting tokens in return for providing crypto assets to fledgling marketplaces. The activity surged this summer starting with decentralized finance (DeFi) money markets like Compound. But now the game has
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Dr. Phil is problematic, to say the least. He’s a charlatan who has often proven to be unhelpful to the “patients’ he trots out on national television. But it’s his problematic race relations that make him extra-special in the garbage bin of daytime television. Dr. Phil is trash – even by the standards
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Kensington Palace is taking legal action against Tatler magazine for an article that paints Kate Middleton and Meghan Markle in a negative light. Despite this, the Sussex Squad and Meghan’s fans are generally reacting with glee at the upset this piece has caused. This reaction confirms that for the Sussex Squad, it’s
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Hana Kimura is dead after an apparent suicide. She was only 22 years old. Could this have been prevented? And why are there so many problems in the world of professional wrestling? Hana Kimura is dead. The popular 22-year-old wrestler, who starred in an equally popular Netflix show, is
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