Author: Coindesk
The complaint adds that the SEC’s encroaching authority over Ethereum goes against its own past statements that the cryptocurrency is a commodity, not a security (citing former director Bill Hinman’s 2018 speech), as well as the SEC’s sister regulatory agency, the Commodities Futures Trading Commission (CFTC), own authority over Ethereum, which oversees derivative products tied to ether. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
There is much to say about Samourai Wallet’s co-founders Keonne Rodriguez, 35, and William Lonergan Hill’s, 65, op-sec (i.e. “operational security), or apparent lack thereof. Rodriguez was arrested in Pennsylvania and will be arraigned this week, while the U.S. is still working to extradite Hill from Portugal. Read the full article here
“Allowing fund shares to be transferred peer-to-peer puts Franklin Templeton on the cutting edge of the financial sector where tokenized real-world assets are an industry staple and more open, transparent, and accessible,” Jason Chlipala, chief business officer of Stellar Development Foundation, said in an email. Read the full article here
In the three previous halvings, there was little up for grabs other than bragging rights for mining the first block. However, the advent of the Ordinals protocol meant sats – the smallest denomination of bitcoin, equal to 0.00000001 BTC – could be identified and traded as if they were unique tokens, similar to non-fungible tokens (NFTs) on other networks. Read the full article here
Movement’s funding round saw participation from venture capital firms including Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs – the company behind Aptos. Read the full article here
Those chains include Arbitrum, Optimism, Polygon, StarkWare and zkSync. Users will be able to opt in or out to use Avail for data availability – a service needed by these “rollup networks” to stash the reams of data produced on all the transactions taking place. A key driver for DA solutions is that they can provide a cheaper and faster way of storing data than on the main Ethereum blockchain. Read the full article here
MicroStrategy’s corporate strategy is partly based on the acquisition and holding of bitcoin. As of March 19 it held 214,246 bitcoin worth $13.9 billion at current prices. Benchmark notes that since the software company started holding bitcoin on its balance sheet it has recorded $2.27 billion in cumulative impairment losses due to a Financial Accounting Standards Board (FASB) rule called ASC 350.The FASB issued new guidance in December last year that allows companies that hold digital assets on their balance sheet to measure them at fair value, and record changes in fair value in net income in each reporting period.…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Jabara Igbara, also known as “Jay Mazini,” who claimed to be a crypto millionaire on Instagram, was sentenced by U.S. District Judge Frederic Block to seven years in prison on wire fraud and money laundering charges. The sentence also requires Igbara to forfeit $10 million. Read the full article here