Linkedin Founder Reid Hoffman is all set to launch his NFT collection on Magic Eden The collection uses images generated by the OpenAl image generating platform Dall-E LinkedIn founder Reid Hoffman took to Twitter to share his NFT initiative, adding that he is experimenting and creating NFTs via OpenAI powered...
Summary: Coinbase has filed a petition requesting the Securities and Exchange Commission to start rulemaking on digital asset securities. Coinbase states that existing rules for traditional securities do not work for digital assets. The exchange requests the SEC to develop a workable regulatory framework guided by formal procedures and public...
Summary: The SEC has gone after a former Coinbase employee accused of insider trading, filing a complaint against him, his brother, and his friend with the US District Court Western District of Washington, Seattle. The complaint describes digital tokens as being crypto asset securities. Nine tokens mentioned in the complaint...
Summary: The US Attorney’s Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on Coinbase’s exchanges. He is being charged alongside his brother and friend. A former Coinbase...
The UK has finally introduced its New Financial Services and Markets Bill The Bill seeks to regulate stablecoins as a form of digital payment. The United Kingdom is looking forward to modifying its financial laws post-Brexit and is seeking to regulate stablecoins via its new market bill. The UK’s treasury...
Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto firms’ issues were ‘foreseeable’ as they were overleveraged. The crypto exchange has pointed out...
Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could also be slowing down. Bitcoin has had an eventful first few days of the...
Summary: Polygon has unveiled zkEVM, a layer 2 scaling solution that users zero-knowledge proofs to scale and reduce transaction costs on Ethereum. Polygon’s co-founder, Mihailo Bjelic, has described zkEVM as the ‘holy grail of Web3 infrastructure.’ Polygon zkEVM is estimated to reduce Ethereum fees by 90% compared to current costs...
Summary: Asian-based crypto exchange Zipmex has paused withdrawal effective immediately. Financial difficulties and volatile market conditions were cited as the primary reasons behind the decisions. The company could be insolvent although company officials have not yet confirmed this and CEO Marcus Lim denied the possibility. FTX CEO Sam Bankman-Fried previously...
Senator Lummis made the remarks at the Bloomberg Crypto Summit. The crypto bill will have to be reviewed by multiple Senate committees. In any case, the U.S. is rapidly accelerating its crypto regulation efforts. Wyoming Senator Cynthia Lummis, speaking at the Bloomberg Crypto Summit held on July 19, said that...
