15 Years After the Bitcoin White Paper, Bitcoin Builder Culture Flourishes
Satoshi Nakamoto published the Bitcoin white paper on Halloween Day in 2008. (Jonathan Borba/Unsplash, modified by CoinDesk)
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U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial “Staff Accounting Bulletin 121,” according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors’ ability to find safe harbors for their assets, should have been treated as a formal rule, the GAO concluded in a report issued on Tuesday.
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.
The NFT Market Has Crashed. What Should Artists Do Now?
Shubham’s Web3
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.
BlackRock’s Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.
In Crypto’s ‘Autonomous Worlds,’ Creators Are Architects and Users Are Stakeholders
(Greg Rosenke/Unsplash, modified by CoinDesk)
Sam Bankman-Fried Again Blames Underlings for Woes as FTX Founder Wraps Up Testimony
“So, it’s your testimony that your supervisees told you to stop asking questions?” asked a prosecutor. “Did you call in your lieutenants and ask ‘who spent $8 billion?'”
Sam Bankman-Fried’s Defense Team Makes Last-Ditch Bid to Get ‘English Law’ Detail in Jury Instructions
A set of filings from Sam Bankman-Fried’s defense team late Monday shows his attorneys still hope to clarify that English law governed FTX’s terms of service – which may have implications on the fraud charges.