“We’ve successfully navigated this crisis, and have actually upgraded the market infrastructure behind USDC to be by far the strongest, safest digital dollar on the internet today, hands down, there’s no question,” Allaire said on stage at CoinDesk’s Consensus conference here. Source
“What we’re seeing is a growing realization that the most successful regulatory regimes are ones that have created a framework for crypto on a bespoke basis,” Linch said. “Now, that’s why we’re regulated in Liechtenstein in Bermuda, because what those jurisdictions did really early on is really get to grips with crypto, what the product is, what services, what the risks are, and say to people, ‘OK, well, we can identify and manage. Here’s how you do it safely.’” Source
The Senator has embraced the term “anti-crypto” when describing her critical views of the space. However, her views rarely reflect that of the mainstream, even within the Democratic party. Advocates are already pushing back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and continues to educate willing policymakers. Source AssociationBlockchainbrightCEOCryptooutlookPolicySeesU.S CryptoX Portal
Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC). Circle chief’s comments on the U.S. crackdown come amid heavy regulatory scrutiny following the collapse of the FTX exchange, a banking crisis and USDC’s momentary depegging. During an interview with Bloomberg TV, Allaire noted that there is a “huge amount of concern globally about the U.S. banking system,” and the “regulatory environment in the U.S..” USDC depegged in March, a direct…
Coinbase emphasized that all proceedings related to Stand with Crypto NFT collection launched through ZORA will be donated to vetted organizations. The biggest cryptocurrency exchange in the United States Coinbase has recently filed a lawsuit against top financial regulators Securities and Exchange Commission (SEC). The move comes after months of embittered relations between the two parties over SEC’s stringent regulatory policies for all companies dealing with crypto. As the crypto exchange chooses the legal path to get regulatory clarity, Coinbase CEO Brian Armstrong minted an NFT recently and asked the…
The first quarter of 2023 provided much-needed relief to the entire crypto community — from investors and miners to businesses and developers — as Bitcoin’s (BTC) bull sprints helped crypto market participants recoup losses from prior investments. However, not all sub-ecosystems managed to replicate the recovery with the same intensity. In particular, the decentralized finance (DeFi) sector suffered massive hacks, ultimately shaking investors’ confidence. The DeFi ecosystem initially attracted investors seeking passive revenue streams, but 2022’s unforgiving bear market nullified many of the gains made from assets earned over time.…
A source revealed that NBCUniversal has not been searching for a new CEO and is not interviewing anyone to take over from Shell. The CEO of American media company NBCUniversal Jeff Shell has exited his executive role after admitting he had an “inappropriate relationship” with a woman in the company. The multinational media giant’s parent company, Comcast Corp (NASDAQ: CMCSA), made the announcement on April 23 via a press release. Comcast explained that there was a mutual agreement between the company and Shell over his departure. Prior to Shell leaving his…
A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing” saying they “want all the upside with little to no risk.” “I’m here to remind everyone that’s not how entrepreneurship works, if it isn’t already clear,” Lamb added. I’ve gotten all but 4 hours of sleep dealing with the…
A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing” saying they “want all the upside with little to no risk.” “I’m here to remind everyone that’s not how entrepreneurship works, if it isn’t already clear,” Lamb added. I’ve gotten all but 4 hours of sleep dealing with the…
Several areas, Gün Sirer said, need to improve in order to get the next billion users into crypto, such as scalability, ease of use and adaptability. However, when asked about the feasibility of the secret sharing technology known as zero-knowledge proofs (ZKP) to reach that scale, he was skeptical. Source