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U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured federal permissions to offer crypto trading services.
Starbucks Teams Up With Micah Johnson’s Aku NFT Project
The latest Starbucks Odyssey Journey launch will feature a Stamp “designed by Aku” and include a $100,000 donation to Blessings in a Backpack, a non-profit tackling food insecurity among children.
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
Coinbase Knew It May Have Been Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims
Brian Armstrong Chief Executive Officer CEO & Co-Founder of Coinbase speaks at Consensus 2019 (CoinDesk)
BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred
BlackRock CEO Larry Fink’s change of heart on bitcoin could make it easier for fellow Wall Street executives to embrace cryptocurrencies, but experts warn that his favored financial instrument – the exchange-traded fund, or ETF – is an investment vehicle that’s categorically different from the core idea behind digital assets, and could push the industry in the wrong direction.
Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains
STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, far outdistancing bitcoin and ether, among other digital assets.
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.
Collectors Are Bored of Apes and Don’t Want to Pay Royalties
This week, the floor price of the Bored Ape Yacht Club NFT collection dropped to its lowest price in nearly two years, leading to questions about the collection’s value. But floor price is just one metric used to value NFTs – experts explain that there are other important factors in assessing what an NFT is worth.
Polygon Labs Promotes Boiron to CEO; President Wyatt to Depart
The management changes come as Polygon, which runs two of the most closely watched networks for scaling Ethereum transactions, is in the midst of a rebrand to the next chapter of its corporate development, known as “Polygon 2.0.”