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Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says

[Jun 13, 2023 4:28 AM] The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.

Crypto Investing Platform Finblox Starts Offering Tokenized Treasury Yield With OpenEden

[Jun 13, 2023 3:00 AM] Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments.

Investing Platform eToro to Delist Four Cryptocurrencies for U.S. Users Next Month

[Jun 13, 2023 2:36 AM] eToro cited "recent developments" as the reason for the move, referring to the SEC's legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities.

BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock

[Jun 12, 2023 2:28 PM] Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities.

Polygon Takes Wraps Off Version 2.0

[Jun 12, 2023 12:03 PM] The protocol calls the latest version “the value layer of the Internet.”

21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO

[Jun 12, 2023 9:06 AM] While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.

Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

[Jun 12, 2023 7:16 AM] The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.

Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody

[Jun 12, 2023 6:00 AM] Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets.

Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan

[Jun 12, 2023 3:52 AM] Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan.

A16z Chooses London as Destination for First Office Outside U.S.

[Jun 12, 2023 3:07 AM] The venture capital firm plans to use the office, which will open later this year, to fund growth in the crypto and startup ecosystems in the U.K. and Europe.

Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z

[Jun 11, 2023 5:00 PM] The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce.

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets

[Jun 10, 2023 4:30 AM] Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank…

Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

[Jun 9, 2023 10:03 PM] Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S…

Crypto.com Winding Down U.S. Institutional Business

[Jun 9, 2023 11:07 AM] Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday.

Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer

[Jun 9, 2023 8:28 AM] Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S.

Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected

[Jun 9, 2023 5:14 AM] The delays are impairing the miner's hashrate and bitcoin production.

Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

[Jun 8, 2023 1:24 PM] Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.

Aave-Developed Lens Protocol Raises $15M to Expand 'Social Layer' of Web3

[Jun 8, 2023 7:32 AM] Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.

Coinbase CEO Armstrong Says Not Shutting Down Staking Service

[Jun 7, 2023 2:26 PM] Coinbase

Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive

[Jun 7, 2023 1:07 PM] Only the miners with the lowest energy costs and most efficient equipment will survive the once-every-four-years event.

SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.

[Jun 6, 2023 3:19 PM] Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding

[Jun 6, 2023 8:00 AM] Meanwhile's target audience is U.S. citizens with large BTC holdings, an audience from which it has "seen a lot of early demand."

Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report

[Jun 6, 2023 7:45 AM] At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.

Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs

[Jun 6, 2023 3:30 AM] The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.

OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian

[Jun 6, 2023 2:00 AM] OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.

Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

[Jun 6, 2023 2:00 AM] The firm said it is the first bank-owned custodian to offer staking services to institutional clients.

Bank of America Predicts Milds Recession After Fed’s Tightening Action

[Jun 6, 2023 1:30 AM] Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to…

Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

[Jun 5, 2023 3:02 PM] If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says.

Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff

[Jun 5, 2023 12:22 PM] Crypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday.

Virtual Reality Tokens Surge 8% as Traders Await Apple's VR Headset Release

[Jun 5, 2023 9:12 AM] Cryptocurrency's virtual reality sector has surged by almost 8% over the past 24 hours as investors anticipate Apple's VR headset reveal on Monday.