ICO Archives

Gary Gensler’s Contentious Reign Over U.S. Crypto Approaches Its Twilight

October 22, 2024

Most of the crypto space is breaking the law, according to the narrative he stands by, and its practitioners are threatening people’s money with dicey business practices while they continue to evade compliance. Just last week, the SEC sued one of the biggest trading firms in financial markets (crypto and traditional assets alike), Chicago-based DRW, accusing the company of not getting proper permission to trade crypto assets. Gensler, who declined to be interviewed by CoinDesk for this story, has drawn that line in the sand and has spent years proving…

ANZ to Kickstart Chainlink Private Transactions Protocol in RWA Boost

October 22, 2024

“Privacy is a critical requirement for most institutional transactions,” said Sergey Nazarov, Chainlink co-founder, in a prepared statement. “So far the blockchain industry has not provided the level of privacy necessary for these institutional transactions to move forward successfully, limiting the entire industry’s growth. Source

Japanese political parties back crypto tax reform, web3 development ahead of elections

October 22, 2024

The Sunday general election comes as Shigeru Ishiba, the Liberal Democratic Party leader who became prime minister in September, seeks to solidify his position following a party campaign funding scandal. His predecessor, Fumio Kishida, was a strong advocate for web3, referring to it as a “new form of capitalism”. Source

Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

October 22, 2024

Stablecoins have emerged as the main use-case for blockchains, especially for cross-border payments, the report said. Source

APE Traders Make Bold Moves in PowerTrade’s Altcoin Options Market

October 22, 2024

Open interest, or the number of active APE options contracts, surged by over 800% to 263,000 ($394.5K) in one day, PowerTrade told CoinDesk Monday, adding that call options or derivatives, offering an asymmetric upside potential, account for over 80% of the tally. Call buyers are implicitly bullish on the underlying asset. Source

Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates

October 22, 2024

Exchanges will now have until the last week of November to meet new requirements. Source

Ripple Co-Founder Chris Larsen Flooding Kamala Harris’ Election Effort With XRP

October 21, 2024

While significant, his millions are overshadowed by the overall crypto industry’s campaign involvement, led by the super PAC Fairshake. That group’s $169 million in donations – primarily from Coinbase Inc. (COIN), Ripple Labs and Andreesen Horowitz (a16z) – has not only dominated the crypto sector’s election involvement but has put it among the biggest sources of campaign cash in the 2024 elections. Source

Chainlink (LINK) Partners with Swift, Euroclear, Franklin Templeton for Corporate Actions Initiative Using AI and Blockchain

October 21, 2024

“By leveraging AI and Chainlink oracles to interpret, standardize, and deliver high-value unstructured data, we can dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction,” said Mark Garabedian, Wellington Management’s director of digital assets and tokenization strategy. Source

SOL, XRP ETFs Look Unlikely Under a Kamala Harris Presidency, ETF Experts Say

October 21, 2024

Seeing how current President Joe Biden’s administration has approached crypto, which Geraci characterized as “combative, overall,” and taking into account Harris’ powerful position in that administration, it is fair to assume that the status quo would continue under her leadership, according to Geraci. Source

No, Polymarket Whales Aren’t Evidence of Prediction Market Manipulation

October 21, 2024

This is a long-winded way of saying the market is never “wrong.” It simply reflects all available information. If you correctly disagree with the market, you can be rewarded for that belief, by betting yourself. U.S. users have alternatives to Polymarket, which is barred from serving them under a regulatory settlement. If you believe the Polymarket whale a) has meaningfully pushed up the price of the Trump contract, and b) is wrong, you can simply bet against him or her or them by going long on Harris. Even though it’s…