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” The CFTC’s action against Gemini is bad news for Bitcoin ETFs “ On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and…
” Coin Center takes US Treasury to court over alleged financial spying “ Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in the controversial infrastructure bill. Coin Center lawsuit information about plaintiffs and defendants. Source: Case: 5:22-cv-00149-KKC In…
” Finance Redefined: Number of DAOs surge, Solana launches $100M DeFi fund “ This past week, the decentralized finance (DeFi) ecosystem was ruled by decentralized autonomous organizations and new fund launches for the growth of the Web3 ecosystem. The total number of DAOs surged by eight times while Solana launched a $100 million DeFi fund….
” Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption “ Circle, a peer to peer financial services firm, has agreed to acquire Cybavo, a digital asset infrastructure platform. The deal will allow Circle to provide “infrastructure as a service” for firms wanting to develop on Web3. Developers will be able to work on…
” 75% of retailers eyeing crypto payments within 24 months: Deloitte “ Three quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years according to a new survey. It also found that more than half of large retailers with revenues over $500 million are currently spending $1 million…
” US central bank digital currency commenters divided on benefits, unified in confusion “ In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation.” The comment period for the…
” Human rights activists take aim at privileged crypto critics in letter to Congress “ Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a “responsible crypto policy” and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions. The…
” Crypto bank Custodia sues the Fed over 19 month delay on account approval “ Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account. Custodia, formerly known as Avanti was…
” A life after crime: What happens to crypto seized in criminal investigations? “ Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and…
” New York State Senate passes Bitcoin mining moratorium “ The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state. The PoW mining ban bill was first passed by the state assembly in April last month. It aims to prohibit…