The President’s Working Group has not said anything revolutionary, but does establish some new clarity. A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year,…
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2020’s DeFi craze: The best, worst and fishiest projects in crypto
DeFi, like crypto as a whole, features brilliant and questionable projects in equal measure. As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on.…
Users vs. governments: The ‘infinity war’ for blockchain privacy may be over
The privacy paradox has a potential resolution — if both sides can accept compromise in an increasingly polarized financial system The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial…
The SEC shows some mercy to broker-dealers handling security tokens
In a Christmas present for the crypto industry, broker-dealers who abide by existing rules while holding security tokens in custody will not face enforcement action for the next five years. The U.S. Securities and Exchange Commission is listening. At least,…
Skybridge Bitcoin Fund Launches With $25 Million, Expecting ‘Avalanche of Institutional Investors’
Global investment firm Skybridge Capital has launched a bitcoin fund with $25 million. The founder of the company, Anthony Scaramucci, is bullish about bitcoin. “It’s the first inning,” he said, adding that “You are about to see that wave of…
2020 Was The Year Bitcoin Funding Went Brrr
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all…
Bitwise dumps XRP investment amid SEC lawsuit against Ripple
The Bitwise 10 Crypto Index Fund has liquidated its XRP holdings. Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple. In an official press release, Bitwise announced Wednesday…
Space Yacht brings NFT art to electronic dance music scene
Coronavirus lockdowns caused the global event organizer to take a new direction, launching a record label and selling digital art. International party brand Space Yacht is preparing to drop its second collection of nonfungible token artworks on the Nifty Gateway marketplace on…
Korean crypto investment company launches $100 million fund for blockchain projects
South Korea’s Hashed has established a new fund to finance emerging blockchain startups Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.”…
A storm is brewing between state regulators and the OCC over fintech licensing
A major network of state banking regulators is renewing its attack on the OCC’s moves to register non-depository institutions. A leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the…