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Category: ICO
Tether (USDT) Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved
“Tether plays a significant role in the current and future development of the digital economy and U.S. dollar hegemony,” Spiro, who also ran government affairs at blockchain analytics firm Chainalysis, said in a Friday statement. “The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors.” Source
ICO statement in response to Meta’s announcement on user data to train AI
Stephen Almond, Executive Director Regulatory Risk at the ICO, says: “In June, Meta paused its plans to use Facebook and Instagram user data to train generative AI in response to a request from the ICO. It has since made changes to its approach, including making it simpler for users to object to the processing and providing them with a longer window to do so. Meta has now taken the decision to resume its plans and we will monitor the situation as Meta moves to inform UK users and commence processing…
DAOs Need a Vibe Check
A recent token heist at Compound DAO revealed the weakness of current DAO governance voting. There is a better way, say Andrés Fábrega, Jay Yu, Amy Zhao, and Ari Juels. Source
U.S. Political Prediction Markets :Why Kalshi's Court Victory Matters
If it turns out that the judge’s ruling preempts the CFTC’s proposed rulemaking, election event contracts may now be completely legal. Source
Bitcoin Price (BTC) Might be Buoyed by Larger Fed Rate Cut
“I think [it] is a close call,” Jon Faust, previously a senior advisor to Fed Chair Jerome Powell, told Timiraos. “You can make a very good case for 50,” said Esther George, president of the Kansas City Federal Reserve for more than a decade until last year. She noted that the Fed moved quickly to tighten policy above the “neutral” rate, so it might make sense for the central bank to move just as quickly to ease. Source
First Mover Americas: Bitcoin Trades Little Changed Above $58,000
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Polymarket Bettors See 84% Chance of Donald Trump Starting His Own Token
The bump came as Trump said he would launch the family-helmed World Liberty Financial project on Monday. Source
England and Wales High Court of Justice Court Considers Stablecoin Tether USDT as Property in Case
The case was brought by Fabrizio D’Aloia, who said he was the victim of a cryptocurrency scam, and relates mainly to crypto exchange Bitkub, named as one of seven defendants including two unidentified people and Binance, the largest crypto exchange by volume traded. The case against Binance was settled, according to the filing. Source
Tokenized Real-World Assets, Excluding Stablecoins, Hit Record High of Over $12B: Binance Research
Besides, Figure, a fintech company providing lines of credit collateralized by home equity, accounted for most of the market value of the on-chain private credit market. However, excluding Figure, the sub-sector has still experienced growth in terms of active loans, led by Centrifuge, Maple, and Goldfinch. Source