Category: ICO

The Unintended Consequences of FIT21’s Crypto Market Structure Bill

The bill’s proposed bifurcated market for restricted and unrestricted digital assets ignores fungibility as a fundamental characteristic of crypto tokens. By creating categories of restricted and unrestricted assets, the bill disrupts this principle, leading to confusion and market fragmentation. This could impair liquidity, complicate transactions and risk management mechanisms such as derivatives, reduce the overall utility of the crypto tokens and ultimately stifle innovation in a nascent industry. Source

Bitcoin (BTC) Miner Marathon Digital (MARA) Signs Deal With Kenya to Invest in Green Energy Projects

Renewable energy is Kenya’s main power source, responsible for 80% of all electricity generation in 2022, with plans to increase its share to 100% by the end of the decade. However, renewable energy sources like solar and wind are intermittent, meaning that they don’t produce energy when most of the consumption happens. Infrastructure building for renewable energy is capital-intensive and requires a power management system to store and distribute energy properly. Source

Crypto Governance Advisory MetaLeX Raises $2.75M

Into this fray steps Shapiro’s incredibly niche MetaLeX. In an interview with CoinDesk, he described it as a “business-to-business, crypto software as a services” company that’s designing standardized, smart contract-based processes for so-called decentralized autonomous organizations, or DAOs, to properly run themselves on-chain. Source

Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered

The request would have to be accepted by the courts, including Judge Katherine Polk Failla, of the U.S. District Court for the Southern District of New York, who rejected Coinbase’s request to dismiss the SEC’s original case, which accused the exchange of operating illegally. Resolving this central legal question could help steer a number of other SEC enforcement clashes with the industry. Source

Ether (ETH) ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi

“I think there is question whether staking, particularly liquid staking, turns ETH into a security,” Silagadze said. “I think how it is going to start is you will have ETH ETFs that are either contracted out or run their own infrastructure, those nodes will be compliant and censored and all of that stuff, but it’ll have a nice baked-in yield. Restaking is much more complex, so I think it’ll get there; it’ll just be a matter of time.” Source