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The U.S. securities regulator, led by Chair Gary Gensler, now faces several options: appeal the decision; grant Grayscale’s application to list its bitcoin spot ETF; let it be automatically approved by doing nothing; or start up a new, second effort to reject the application based on fresh objections. Much of
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John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a crypto scam that specifically targeted police officers and first responders.According to the Aug. 23 announcement, DeSalvo allegedly raised $623,388 from 222 investors through
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But, according to Dietz, he created the intellectual property that he says became MetaMask in late 2014, when he founded a project called Vapor. In his lawsuit, he accuses Davis, whom he says he hired in 2015 to help code Vapor, of betraying him and conspiring instead with Consensys. Original Source
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Artificial intelligence “may heighten financial fragility as it could promote herding,” the regulator said in a speech Source
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As the cryptocurrency market continues to mature, the importance of market makers in maintaining liquidity and stability has grown respectively. Similar to the worldwide trend of increased regulation, market makers are acquiring prominence in the evolving cryptocurrency landscape.By partnering with exchanges, such as Binance, Coinbase, KuCoin and others, market makers
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Researchers at Pennsylvania State University recently analyzed whether attitudes and emotionality surrounding cryptocurrency could help predict returns. What they found may stand in stark contrast to related financial markets.According to the team’s research paper, social media plays an outsized role in adoption and activity rates, while cryptocurrency journalism isn’t a great
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Since its inception in 2017, Web3 gaming (a.k.a. blockchain gaming) has faced significant hurdles, leaving the industry at a critical crossroads — adapt or perish (as some believe). But others, including myself, are confident that the world of Web3 games is merely undergoing a much-needed transformation, having only recently shed
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Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee. Source
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The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on June 21. Powell’s comments came in response to committee ranking member Maxine Waters, who asked for his
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A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally, armed with its inherent traits of decentralization,
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