Category: ICO

Crypto Custody Tech Firm Fireblocks Plans NYDFS-Regulated Trust Company

“Our position is not to poke at any regulator, any political party, or the government,” Levine said. “We’re just applying the existing rules and existing framework. We know there’s a business need based on clients, based on the market opportunity. We understand what the current regulatory framework is, and SAB 121, as it is, in the current view of federal regulators and state regulators. We believe that pursuing the trust license in becoming a qualified custodian was the right approach.” Source

Shouldn’t All These Crypto Lawyers Start Learning About Crypto?

Fortunately, as crypto-native associates become more senior, the dynamics within law firms are beginning to change. Truly adept “crypto lawyers” have emerged at many prestigious law firms, and there are lawyers at specialized boutiques who certainly know their stuff, but this phenomenon remains surprisingly rare. This shift is crucial, as lawyers who understand and can innovate within the framework of cryptocurrency law are critical for the industry’s future. Source

Bitcoin Price (BTC) Falls 4% in U.S. Morning Hours

The news combined to send the U.S. dollar and bond yields modestly higher, but had little effect on stocks. Bitcoin, on the other hand, retreated quickly, tumbling at one point more than 4% from the day’s high to $60,700. At press time, the price had bounced a hair to $61,000, lower by 0.6% over the past 24 hours. The broader CoinDesk 20 Index is up 0.15% over the same period. Source

TON, RNDR Surge Over 13% as Bitcoin (BTC) Rebounds to $63K

In the past 24 hours, TON, the native cryptocurrency of the layer project The Open Network, has risen 17.5% and decentralized GPU-based rendering solution Render Network’s RNDR token has gained 13.2%, according to data source Coingecko. Both are among the best-performing coins of the past 24 hours. Bitcoin, the market leader, has rallied 6% to $63,000. Source

Crypto Exchanges Binance, KuCoin Register With India’s Financial Intelligence Unit

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Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats

The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates, said Chief Strategist Nick Carr. Its opening slate of endorsements will feature five candidates seeking open seats in the U.S. House of Representatives and Senate, though the money will have to wait. Stand With Crypto’s effort is an “associated PAC,” meaning it’s supported by the nonprofit group’s own members, and each of them will be limited to…

Russian Opposition Leader Mark Feygin Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win

The results of this effort would, of course, have no legal weight in Russia and would not end Putin’s presidency per se, but the referendum could, in theory, give a public relations boost to efforts to oust him. And it gives Russians a way to voice criticism in a nation where the consequences of dissent can be high; opposition leader Alexei Navalny recently died while jailed in an Arctic penal colony. Source