Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe. Boston Law School professor and chief compliance officer at crypto exchange Bitstamp, Thomas Hook, told Cointelegraph that Web3 lawyers will soon become “business differentiators” because they’ll be faced with the tough task of helping firms navigate through legal and regulatory uncertainties. This will ultimately determine how fast firms can take their products and services to market, Hook explained: “Given the lack of…

Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork – Defi Bitcoin News

While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 Billion in Total Value Locked, Team Prepares for Shanghai Withdrawals As of the time of writing, the decentralized finance (defi) liquid staking protocol Lido is the most dominant defi protocol today, in terms of total…

Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence

Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter. In its latest Q4 results report on Jan. 25, Tesla’s financials show it neither bought or sold any of its Bitcoin for the second quarter in a row. This was despite hefty market turmoil in November and December on the collapse of FTX.  The documents show the company holds $184 million in digital assets as of Dec. 31, 2022, down from its…

Review of Nine Sectors and Forecast of Crypto Trend in 2023 – Sponsored Bitcoin News

sponsored In January 2023, ViaBTC Capital and CoinEx jointly released the 2022 Crypto Annual Report to offer data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies. This report also predicts the crypto trend in 2023. According to the report, affected by factors such as the macro environment and bull-to-bear transition, the whole cryptocurrency industry became bearish in 2022. In particular, following the Terra meltdown in May, most cryptocurrency sectors were hit by the bearish impact. Below is the overview…