News
SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’
SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.” United States Securities and Exchange Commission (SEC) chair Gary Gensler has thrown his support behind President...
The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation. Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for...
Voyager’s $1B sale to Binance.US put on hold by US court
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal. Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge...
Minecraft, GTA may yet change their tune on blockchain: GameFi execs
It could all be sparked with just one Web3 success story. While several mainstream game studios have taken a noticeable step back integrating blockchain tech, three blockchain gaming executives say it's only a matter of time before they change their tune. In July last...
US explores additional bank support favoring First Republic’s benefit: Report
Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, according to unnamed sources. United States authorities are reportedly deliberating on...
‘US has left a vacuum that other countries are eager to fill’: Coinbase
While the U.S. government opts for “regulation by enforcement,” other countries are fostering “vibrant” crypto ecosystems due to progressive regulation, argues Coinbase’s Daniel Seifert. With Coinbase seemingly on the verge of a court battle with the Securities and...
‘Surgical removal’ of crypto will only weaken USD dominance, commentators say
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future. The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and...
‘How did this happen’ — Powell says Fed stumped over the collapse of SVB
In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.” United States Federal Reserve Chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of...
‘Operation Choke Point 2.0’ may have contributed to SVB’s collapse: Mulvaney
While the existence of “Operation Choke Point 2.0” has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy. If the United States government really is implementing "Operation Choke Point 2.0," it will...
DefiLlama resolves internal strife, sends LLAMA token plans alpaca’n
After resolving the issue internally, the forked variant of its analytics platform now redirects to the official website. Decentralized finance analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a...