News
Sushi’s head chef addresses community concerns amid SEC subpoena
Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry,” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset" related to the DAO. Japan-based decentralized autonomous...
Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’
The crypto-friendly congressman questioned Gary Gensler’s supposed ‘open door policy” suggesting that he “might have an open door, but it is an enter-at-your-own-risk-door.” Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission...
Ethereum ‘re-staking’ protocol EigenLayer launches on testnet
The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.The mainnet launch of the EigenLayer...
Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original. The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at...
Multiple US state regulators allege AI trading DApp is a Ponzi scheme
The scheme allegedly claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could. Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against...
Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
Bitcoin is "untouchable,” because it's more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone. Bitcoin (BTC) is "untouchable" despite ongoing regulatory pressures in the crypto sector and those...
Arbitrum to break up governance votes after community backlash
The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens. Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from...
US crackdown will push crypto’s ‘center of gravity’ to Hong Kong: Kaiko CEO
Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach may just see the city become the “center of gravity” for crypto trading and investments. The U.S. government's frosty approach to cryptocurrency regulation could ultimately see the industry’s “center of...
Terra’s branding at MLB opener draws attention from spectators
An attendee shared an image of a Terra banner with the slogan "a decentralized economy needs decentralized money," prominently displayed during Major League Baseball's opening day, as Terra's founder Do Kwon remains in custody in Montenegro. As baseball enthusiasts...
‘Biased, deceptive’: Center for AI accuses ChatGPT creator of violating trade laws
The group believes GPT-4 violates Section 5 of the Federal Trade Commission Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.” The Center for Artificial Intelligence and Digital Policy (CAIDP) has filed a complaint with the United...