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.
U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’
U.S. crypto exchange Coinbase’s petition to the Securities and Exchange Commission (SEC) to prod it toward a system of tailored rules for digital assets was rejected by the regulator on Friday.
Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Solana Rally Sees FTX’s Holdings Grow to $4.2B, Setting Claims Market on Fire
FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.
First Mover Americas: Bitcoin Ends the Week in Muted Mood
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Qredo’s Ankex Crypto Exchange Shutters, CEO Michael Moro Leaves
The hybrid exchange unveiled last year was headed by ex-Genesis CEO Michael Moro, who appears to have departed.
Lawmaker Calls for the UK Government to Do More for Blockchain
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm’s executives were arrested last month on multiple charges.