News
The feds are coming for the metaverse — from Axie Infinity to Bored Apes
NFTs in the metaverse should generally be considered securities, but developers have been slow to recognize that fact. Expect a regulatory reckoning to come swiftly for Axie Infinity, Bored Apes, and other projects that have thrown caution to the wind. The metaverse...
Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold
Bitcoin mining raises a “set of red flags for any consideration as a sustainable sector,” according to researchers. The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the...
Institutional appetite continues to grow amid bear market — BitMEX CEO
Institutional appetite for Ethereum will grow now that the network is ESG compliant, according to the BitMEX boss. In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an...
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative. U.S. think tank Bitcoin Policy Institute is calling for the United States to reject Central Bank Digital...
FTX US wins auction for Voyager Digital’s assets
Voyager hints that its customers will eventually transition to the FTX platform after it finishes its chapter 11 bankruptcy proceedings. Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid...
Reversible transactions could mitigate crypto theft — Researchers
The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. Stanford University researchers have come up with a prototype for “reversible...
Biden’s anemic crypto framework offered us nothing new
The cryptocurrency industry needs substantive proposals that aim to do more than simply mitigate potential damage. The Biden administration's framework failed to acknowledge crypto's advantages. The long-awaited cryptocurrency regulation framework released by...
Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision
A bill based on the proposed framework banning crypto investments could help to "restore the public's faith and trust in their public officials," according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court...
CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics. The Commodities Futures Trading Commission (CFTC) has sparked strong criticism from the community...
FTX in talks with investors to raise $1B for further acquisitions — Reports
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter. Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to...