Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products
Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.
The 3 Things Coinbase Says Will Determine the Future of Crypto
Coinbase CEO Brian Armstrong (CoinDesk archives)
FDIC Crypto Warning Underlines U.S. Banking Agencies’ Arm’s-Length Policy
The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress during the Leaders’ Summit in September.
Dinari Raises $7.5M for Decentralized Stock Trading Platform
Backers for the dShares platform, which will be available ex-US, included a Susquehanna subsidiary.
HBAR Rallies on FedNow Addition of Hedera-Based Dropp
The token has now rallied nearly 50% over the past two months.
Neal Stephenson’s Metaverse Vision Is One Step Closer as Lamina1 Blockchain Launches Betanet
The metaverse-focused layer 1 blockchain, dreamed up by science-fiction author Neal Stephenson and blockchain expert Peter Vessenes, is launching the Lamina1 Hub for Web3 builders and creators.
Crypto’s Theater Is Becoming More Surreal
Decentralization theater, governance theater, community theater. Web3 promised a revolution, but, mostly, the innovation is all for show, says Cami Russo, the founder of The Defiant.