The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.
‘Bitcoin Request for Comment’ Tokens Surge to $137M in Market Value
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.
First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues
PLUS: Western crypto innovators with great ideas are eying the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto’s model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes.
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.
Michael Saylor’s MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
Amid BTC’s big rally, the company’s impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.
Sotheby’s Launches On-Chain Secondary NFT Marketplace
Sotheby’s Metaverse will now offer fully on-chain secondary transactions via Ethereum and Polygon.
NFT Marketplace Blur Launches Blend, a Peer-to-Peer Lending Platform
Short for Blur Lending, Blend will allow collectors to buy blue-chip NFTs with a smaller up-front payment, similar to a down payment on a house.
Crypto Firm FARE Protocol Raises $6.2M Ahead of Token Launch
The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan.
‘Shark Tank’ but Make It Crypto: CoinMarketCap Launching New Competition TV Show
“Killer Whale” will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges.
Justin Sun to Reverse $56M Binance Transfer After CZ Warns Against Potential SUI Token Grab
“Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,” Binance CEO Changpeng Zhao tweeted after Sun transferred $56 million in TUSD to Binance.
Coinme, Subsidiary and CEO Fined $4M by SEC Over UpToken Offering
The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting “unregistered offers and sales of securities.”
Nigeria’s SEC Mulls Allowing Tokenized Equity, Property But Not Crypto: Bloomberg
The regulator is considering applications for digital asset exchanges on a trial basis.
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty.
Edward Snowden: Researchers Should Train AI to Be ‘Better Than Us’
The former NSA whistleblower shared his hopes that AI’s intelligence could exceed that of humans and ultimately benefit humanity, despite fears the technology could be co-opted by bad actors.
U.S. House Will Have Crypto Bill in 2 Months: McHenry
AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the “next two months” after holding joint public hearings starting May, said Patrick McHenry (R–N.C.), chair of the House Financial Services Committee.
Marvel Studios Founder Says Web3 Has ‘Same Seed’ of His Early Marvel Days
Marvel Studios’ founding chairman made his first public talk since he sold Marvel to Disney 10 years ago.
Crypto Industry Is ‘Absolutely’ at War Against Gensler, Warren, Blockchain Association CEO Smith Says
The war won’t last forever, but probably will continue for the next 18-20 months, Kristin Smith said.
“Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says
Jason Weinstein, a partner at Steptoe, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.