Using courts for every crypto issuance will squash innovation: Grayscale CEO
Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States. Go to Source
Month: August 2023
SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case: Hodler’s Digest, Aug. 6-12
Sam Bankman-Fried has bail revoked, ordered to jail; the SEC delays decision on a spot Bitcoin ETF; and the SEC moves to appeal on Ripple’s case. Go to Source
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. Go to Source
Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst
Bitcoin is due to offer nothing beyond “classic weekend chop,” signs of change on BTC price charts continue to flow in. Go to Source
CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud
The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns. Go to Source
Curve Finance vows to reimburse users after $62 million hack
The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. Go to Source
DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined
Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion. Go to Source
Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets. Go to Source
Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC
Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto. Go to Source
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court’s jurisdiction. Go to Source
