The puppy-themed altcoin, and so-called “Dogecoin Killer,” has unleashed a first-ever product into the crypto sphere: a “.shib” Internet domain name. Specifically, Shiba Inu developers are working closely with Web3 domain player D3 to introduce a “.shib” internet and blockchain domain to the market. Part of D3’s mission is to develop and launch the first … Continue reading Dog-Themed Memecoin Shiba Inu to Unleash a “.shib” Internet Domain
As the weather begins to chill in November, the College Football Playoff race heats up. This year, the race, along with the last few years, has sported changes regarding what schools are playing sports where. In fact, seven of ten Football Bowl Subdivision conferences have or will undergo membership changes. Somewhat similar, but somewhat different, … Continue reading The Big Twelve: Crypto
Through the unveiling of its “Regulating digital asset platforms” consultation paper, the Australian Treasury has indicated its intent to regulate service providers and exchanges. In particular, regulating service providers and exchanges as opposed to individual coins or cryptocurrencies themselves is, in the Treasury’s view, said to (1) address consumer harms and (2) support innovation in … Continue reading The Aussie Attempt At Regulating Crypto Service Providers and Exchanges
Update oncourters, today is no longer the day the SEC will decide on all the spot bitcoin exchange-traded fund (ETF) applications filed by applicants earlier this year; the SEC has now delayed making a decision to October. Such applicants include BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets. The delay means … Continue reading SEC Defers Decisions on Six ETF Applications
On August 29th, 2023, after previous rejection, an appeals court held that the SEC must review Grayscale’s ETF bid. Specifically, the court noted the SEC's decision to reject the Grayscale Bitcoin ETF application was "arbitrary and capricious" in its ruling. As per the filings, See https://www.docdroid.net/vrehbKf/dc-cir-22-1142-01208547571-0-pdf, the court hereby ordered Grayscale's petition for review to … Continue reading The Salvation from the Crypto Winter: Appeals Court Rules SEC Must Review Grayscale’s ETF Bid
US: Visa is under scrutiny by the DOJ given its methods of charging merchants for technology it uses to protect cardholder information. Specifically, Visa, as it currently stands, charges cardholders more if they fail to use Visa’s exclusive technology; this, in turn, raises serious regulatory concerns as the DOJ seeks to address. ARGENTINA: Pro Bitcoin … Continue reading Recents . . . in crypto!
07/13/23 -> SEC v. Ripple: On July 13th, Judge Analisa Torres of the United States District Court for the Southern District of New York ruled on cross-motions for summary judgment filed by the SEC and Ripple Labs (the company closely associated with XRP) in relation to litigation that dates back to December 2020. Specifically, Judge … Continue reading Reflecting on The Ripple Wave of Litigation
In a proof-of-stake system, users “stake” cryptocurrency as a form of guarantee to help secure and confirm new data blocks. With Shanghai, users can “unstake” Ethereum (ETH) in the form of partial withdrawals or full withdrawals. But, interestingly, a mass withdrawal is unlikely to occur. First, to withdraw ETH as a validator, users are required … Continue reading Starting Something New: Shanghai Upgrade & “Shapella”
A Domino Effect – Part One As of year-end 2022, crypto-focused bank Silvergate’s deposits were over $6 billion. Importantly, Silvergate led a gateway into blockchain for banking; it was willing to fill a gap between crypto and fiat. However, word that Silvergate collapsed due to a weakening in its capital position and a DOJ investigation … Continue reading Gate Closed: Silvergate’s Bank Run
The SEC’s approach—regulation by enforcement—towards regulating the uncharted crypto sphere is one of the few seemingly predictable aspects of crypto. Continuing its approach of regulation by enforcement, the SEC has charged crypto exchange Kraken for conducting an illegal unregistered securities offering through its staking-as-a-service (SaaS) program. Staking-as-a-service is essentially when a trusted staking provider lets … Continue reading The SEC is Kraken Down
on court with steph 