Category: ICO

Crypto’s Transition: Bringing Capital Onshore

Of this approximately $700 trillion, about $685 trillion is considered an “onshore” asset – that is, they are held by people and entities that are officially and accountably residents in the countries in which they operate or exist. Estimates by the Organization for Economic Cooperation and Development (OECD) put all the offshore assets at around $12 trillion. That’s a lot of money, but in the context of global assets, it’s a drop in the ocean, less than 2% of the total. Right now, that 2% is relatively lightly, or not…

Distilling the Tornado Cash and Samourai Suits

According to the Department of Justice, the answer is yes. The Tornado Cash developers didn’t just build an open-source piece of software; they developed an actual business facilitating transactions that the federal government deemed illegal, the DOJ said in both an indictment last year and a filing last Friday. Tornado Cash isn’t just a set of smart contracts released into the world; it’s an entire ecosystem of smart contracts, a front end, a user interface and experience, and so much more. In pursuing this argument, the DOJ is also raising…

Mark Long on the Future of Web3 Gaming

Great question. I want to start by saying that it’s very important that it’s a great game, period, whether for Web2 or Web3. It’s easy to lose track of that. But to answer your question, one simple thing comes to mind. Think about working on a database in a game. Think about, for example, all the items I can collect for my character — my gear, my helmet, my weapon, all that stuff. You have a pretty complex database and it has to provide for all this attribution. If I…

Paradigm Special Counsel Has Left the Crypto-Focused VC Firm

During his 2 1/2 years at Paradigm, Seira helped create the firm’s Policy Lab to advance crypto innovation and lawmaking in the U.S. Paradigm’s Policy Lab aimed to bring together academics, policy experts, lawyers and technologists to do research on policy issues facing crypto, according to a blog post by the firm. Source

BlackRock’s Tokenized Treasury Fund Hits $375M, Becomes Largest Toppling Franklin Templeton’s Offering

The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts $375 million of deposits after enjoying $70 million of inflows last week, blockchain data by rwa.xyz shows. The fund, created with tokenization services platform Securitize, has captured almost 30% market share since its debut on March 21. Source

Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing

The former crypto executive pleaded guilty to one count of violating the Bank Secrecy Act last November, a charge which might normally carry up to 10 years in prison. Because of his guilty plea and his cooperation, the sentencing guidelines calculation for his sentence would actually fall to about 18 months. A presentence report filed by the court’s Probation Office recommended he spend just five months. Source

Tokenization Company Backed Gets $9.5M Investment as Crypto’s Real World Asset Race Increases

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Information Commissioner: Persistent sensitive information breaches failing people living with HIV

People living with HIV denied “basic dignity and privacy” by repeated data breaches that disclose their HIV status ICO calls for “urgent improvements” throughout the UK Regulator working with HIV charities to improve support offered to people living with HIV on how their sensitive information is handled Information Commissioner John Edwards has condemned data protection standards at health services for people living with HIV and called for urgent improvements. The statement follows several data breaches, as well as concerns raised by some of the largest HIV organisations in the country.…