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01.03 / 22:07

business SEC coinbase security Coinbase CEO reiterates that 'staking' products aren't securities

Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the ongoing debate around crypto regulations with the United States Securities and Exchange Commission, or SEC.

01.03 / 19:11

business Blockchain Technology Adoption Investments Trading Bitcoin What is opportunity cost? A definition and examples

Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

01.03 / 16:19

business Adoption interview Media Podcast transparency The Agenda podcast chats crypto, media and ethics with Molly Jane Zuckerman

2022 was a rather challenging year for the crypto sector, and the prevalence of Ponzi schemes, decentralized finance scams, nonfungible token rug pulls and questionable centralized exchange bookkeeping put the issue of ethics in the space on blast.

01.03 / 14:15

business lending FTX Bitcoin Hodlnaut founders propose selling the firm instead of liquidation

The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.

01.03 / 13:29

business Adoption Analysis Report data ATM CoinATMRadar Bitcoin ATM decline: Over 400 machines went off the grid under 60 days

Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines.

01.03 / 12:03

business Twitter Adoption Social Media Decentralization Jack Dorsey’s decentralized Twitter rival enters App Store

Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta.

01.03 / 09:51

business Government Blockchain Adoption us government Federal Reserve US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head

A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system.

01.03 / 09:13

business Blockchain goldman sachs Digital Asset Job open Goldman Sachs still open to crypto hires amid massive 3,200 staff cut

Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month that will see 3,200 employees clear their desks.

01.03 / 07:05

markets business Job Crypto layoffs decelerate, with layoffs falling to 570 in February

Crypto industry layoffs appear to have slowed down significantly over the past month with an estimated 570 crypto employees dismissed in February, down from an estimated 2,850 in January.

01.03 / 05:09

business Law Adoption Binance Senate bills France on the verge of passing stringent crypto firm licensing laws

The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards.

01.03 / 00:47

business Government Law regulation Bitcoin Regulation Crypto Policy Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

Coinbase has launched a grassroots political campaign to promote pro-crypto policies, according to a Feb. 28 Twitter thread from the company.

28.02 / 22:37

business Blockchain Ethereum defi Vitalik Buterin says 'more still needs to be done' over high Ethereum txn fees

In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021, but had to pay 0.01 ETH (around $40 at the time) as that was the minimum deposit for the owner's exchange account. "I did not mind the 3x overpayment and treated it as a tip," the co-founder wrote.

28.02 / 22:37

business Blockchain Fraud FTX Former FTX Director to reportedly plead guilty to fraud charges

Nishad Singh, former director of engineering at FTX, is expected to plead guilty to fraud charges brought by U.S. prosecutors who are investigating the now bankrupt FTX cryptocurrency exchange, Reuters reported on Feb 28.

28.02 / 21:37

business Blockchain OKX OKX seizes 2M USDT linked to market manipulation

According to a press release published by cryptocurrency exchange OKX on Feb. 28, the firm said that it seized 2,014,381 Tether (USDT) from five accounts suspected of partaking in "malicious market manipulation," of the Celestial (CELT) token. As told by OKX, on Feb. 26, Celestial developers announced the creation of a new blockchain game. Shortly afterwards, the Celestial developers allegedly launched a social media campaign promoting the new game using OKX's branding, which the firm says was unauthorized. As a partial result of the activities, the CELT token nearly doubled in value within two days' time before falling over 50% in the past 24 hours to $0.002129 at the time of publication.

28.02 / 17:29

business Adoption Web3 Asia Could NFTs and crypto help Japan’s ‘Cool Japan’ strategy?

Japan has consistently been a leader in the tech industry, so it’s a logical step forward that, given current trends in the space, the Cool Japan movement might incorporate Web3 to strengthen its initiative. Bringing Web3 into the mix alongside the popular culture aspects of the movement could prove a boon for the mission, but this move has not yet been implemented by the government-led movement.

28.02 / 16:43

business IRS Taxes Mobile Payments Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season

Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes.

28.02 / 16:15

business Blockchain VISA MasterCard Breaking: Visa and Mastercard halt new crypto partnerships — Report

According to a a Reuters report published on Feb. 28, American payment processors Visa and Mastercard has delayed the launch of new partnerships with crypto firms due to a series of high-profile bankruptcies in the industry that have led to increased regulatory scrutiny. The move follows a period of warming relations between payment giants and crypto firms as the popularity of cryptocurrencies exploded, with Mastercard exploring payments via USD Coin and Visa targeting stablecoin settlements mere weeks before today's development.

28.02 / 13:09

business Binance regulation coinbase Crypto industry lobbying expenses rose by 120% in 2022 in the US

Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States.

28.02 / 12:09

business regulation DAO UAE emirate to launch free zone for digital and virtual asset firms

Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players.

28.02 / 07:49

business Blockchain Altcoin solana security transactions network Solana CEO hoses down claims network outages caused by on-chain voting

Anatoly Yakovenko, the founder and CEO of Solana Labs has downplayed claims that Solana's network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer.

28.02 / 07:43

business Adoption NFT Web3 Metaverse patents Car makers, fashion giants and pet food brands seek Web3 trademarks as 2023 rolls on

Despite a broader downturn in related markets, multinational corporations don’t appear to have slowed down on their trademark applications covering Web3, crypto, nonfungible tokens (NFTs), and the Metaverse.

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