2024: The Year of Regulatory Compromises
After a year of conflict between crypto companies and agencies like the SEC and CFTC, we can expect to see greater dialogue and progress on regulation in 2024, says Michael Selig, of Willkie Farr & Gallagher.
FTX Files Reorganization Plan to End Bankruptcy
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
Major NFT Indicies Stable After NFT Trader Hack
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs’ Greg Solano and Boring Security DAO paid a bounty.
BONK’s Surge Send Prices of Solana Saga Phone Flying to $2K
The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales.
Bitcoin Hovers Over $41K as Memecoin, Ordinals Frenzy Clogs up Blockchains
Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.
Polygon Stops Work on ‘Edge,’ Used to Build Dogechain, as Focus Turns to ZK
Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward “Polygon CDK,” a blockchain-development kit powered by zero-knowledge cryptography. The older “Polygon Edge” was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network.
Bitcoin at Risk of Snapping Historic Winning Streak, but ‘Perfect Storm’ Brews for a Strong 2024
Investors moved the highest amount of BTC to exchanges since March, IntoTheBlock noted, signaling profit-taking after bitcoin’s first eight-week streak of gains since 2017.
Coinbase Tried to Rein in a Renegade SEC That’s Trying to Rein in a Renegade Industry
The SEC rejected Coinbase’s petition for crypto rulemaking, marking yet another refusal to provide regulatory clarity for an industry that badly wants it.
Taiwanese Authorities Investigating Blockchain Betters over Polymarket Election Contract: Report
The Presidential and Vice Presidential Election and Recall Act specifically prohibits gambling on elections.
Arbitrum Hit by ‘Partial Outage’ Due to Traffic Surge
The layer-2 blockchain stopped working as intended Friday morning.