“I see this as a massive push, a very unsubtle move by the chairman Gensler and the SEC,” she tells CoinDesk. “They’ve been trying to nudge the industry for a long time to change its practices, and now it seems they moved from nudging to a pretty swift kick, or, you might say, a one-two punch.” Source
Day: June 13, 2023
Damus App must drop bitcoin tipping or face Apple app store removal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent development, Apple has issued a warning to the Damus app, which operates on the Nostr platform, urging it to align with Apple’s guidelines or risk being removed from the app store within a 14-day timeframe. According to Jack Dorsey, the app store might not understand what this feature is. Maintaining its presence in the app store According to Damus’ Twitter post, Apple sent a warning email stating that the app’s version 1.4.3 is…
Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El Salvador, and the Central African Republic have all adopted different friendly crypto policies. However, the…
Bitstamp now included on FCA’s list of registered crypto firms
The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority. According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in the U.K. after roughly 6 months — the FCA added Hidden Road Partners and MoonPay in December 2022. The FCA listed 42 registered crypto firms in compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements,…
Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins
The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted. Original
Orbs Debuts Permissionless Beta Launch of DAO Solution
As the permissionless beta launch of TON.Vote. goes live, Orbs’ L3 Guardians technology will be required to boost security. Layer-3 infrastructure network for Decentralized Applications (DApps) Orbs has announced the permissionless beta launch of TON.Vote. According to the Press Release shared with Coinspeaker, TON.Vote is the new Decentralized Autonomous Organization (DAO)-based governance solution for The Open Network (TON). According to Orbs, any TON-based project focused on infusing DAO-based governance can leverage the TON.Vote as it is now available for use. Already, the likes of STON.fi, EvAA, TON Punks and Fanzee…
Bankrupt Crypto Lender Genesis Amends Chapter 11 Plan as Mediated Talks With DCG Continue
The updated reorganization plan “reflects substantial agreement on certain key issues,” the filing said, but added that Genesis, its creditors and other stakeholders reserve their position in negotiations that are still ongoing. In April, for a 30-day period that was subsequently extended, the court appointed a mediator to resolve differences, including the DCG issue. Source
Two Bitmain Mining Machines Account for More Than 60% of Computing Power on the Bitcoin Network
The Antminer S19j Pro accounts for 34.3% of the network hashrate and the S19 for 28.1%, and they have been the most used machines on the network since March 2021, Coinmetrics found. The Antminer S19 XP accounts for another 13.7% of the network hashrate, said the report. Meanwhile, MicroBT’s M50 is below the threshold of detectability, the researchers said. Source
Adidas, FEWOCiOUS Releasing Digital and Physical NFT Sneaker
Tier Two will give presale access at regular price to holders of at least one ALTS by Adidas NFT ALT[er] Egos and all FEWOCiOUS NFT Holders. Tier Three is for any holder of at least one NFT from Gmoney’s Admit One, Bored Ape Yacht Club, Doodles, Inhabants: Generative Identities or Farokh’s Rug Radio collections. Source AdidasDigitalFEWOCiOUSNFTPhysicalReleasingSneaker CryptoX Portal
Generative AI Video Platform Synthesia Raises $90 Million at $1 Billion Valuation
Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes without needing traditional camera setups or professional studios. On June 13, Synthesia officially announced the completion of its latest…