Currently, crypto has become more of a wild west than ever before. With the lack of federal clarity, crypto has been much of a free-for-all, leaving investors to suffer losses due to terrorist financing, money laundering, and fraudulent actors like FTX (thanks, Sam Bankman Fraud) and Celsius. We have heard growing calls for regulation… but … Continue reading The Clock is Ticking but what Regulatory Avenue to Take?
A decentralized autonomous organization, or DAO, is a blockchain-based form of organization or company that is often governed by a native crypto token. Holders of these tokens gain the ability to vote on important matters directly related to the DAO. DAOs typically use smart contracts to coordinate the efforts and resources of many towards common … Continue reading Legal Liability for DAOs
Crypto has had quite the year with uncertainty continuing into the new year. However, any novel sort of game-changing paradigm shifting technology comes with booms and busts and natural bubble cycles. Trial and error is necessary in order to create a stable, secure, decentralized ecosystem. That being said, the uncertainty surrounding cryptocurrencies has not stopped … Continue reading There’s an NFT Vending Machine?!?
Largely due to the FTX scandal, the crypto market is currently facing a crypto winter with unexpected lows. Recently, much focus has been on the negatives— the crypto market shrinking by $1.4 trillion, Bitcoin losing 60% of its value, and investor security unraveling to name a few. Undeniably, the FTX case of greed stands, and … Continue reading In the Wake of FTX & Into the New Year: The Ethereum Merge & The Evolution of Crypto
Police in The Bahamas have taken SBF into custody less than 24 hours before he was set to provide a digital testimony to US Congress. No more video games for Sam Bankman-Fried (SBF)—On December 12, 2022, the Office of the Attorney General of The Bahamas announced the arrest of SBF. SBF’s arrest by the Royal … Continue reading The Night Before Scheduled Congressional Hearing, SBF IS ARRESTED . . . Oh What a Time
As the weather gets colder and we approach the winter, the cryptosphere continues to be a chaotic wild west of sorts. Front and center in this week’s volatile activity has been FTX. What began with a headline announcing Binance’s plan to acquire FTX soon turned into a week-long saga of unprecedented chaos culminating with FTX, … Continue reading THE MOST GENEROUS BILLIONAIRE IN THE WORLD & A MAN OF THE PEOPLE: SAM BANKMAN-FRIED (SBF) COMMITS THE BIGGEST CRIME OF THE CENTURY💸
Breaking news in the Web3 space, the SEC is now probing crypto leader Yuga Labs over unregistered offerings, specifically the leader’s NFTs and ApeCoin, a cryptocurrency issued by ApeCoin DAO that was adopted by Yuga. At issue is whether non fungible tokens (NFTs) are investment contracts and thus securities. To determine whether NFTs are securities, … Continue reading Webs Galore in Web3: NFTs in the SEC’s Eye
Beginning on September 29th, Binance, the largest cryptocurrency exchange by volume, will start to automatically convert any existing user balances and new deposits of USDC (USD Coin) (the second-ranked stablecoin after USDT), USDP (Pax Dollar), and TUSD (True USD) into its own stablecoin—Binance USD (BUSD). When these stablecoins are cashed in that dollar is used … Continue reading Bold Binance: Binance to Convert Users’ USDC Holdings to BUSD
On March 31, 2022, the Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) to provide guidance for companies in their handling of crypto-assets and to provide investors with the knowledge to make informed decisions. Specifically, SAB 121 focuses on the reporting and disclosure requirements for companies who hold crypto-assets, as … Continue reading More Certainty or More Ambiguity for Crypto-Asset Regulation?
A Leader in Cryptocurrency Exchange, Binance is a cryptocurrency exchange where users can buy, sell, and trade crypto in the US. Binance is distinguished from other prominent trading platforms such as Coinbase in that it offers global crypto exchange services and offers trading, institutional benefits, and digital storage to more than just US users. Recently, … Continue reading Uncovering the Mystery of Crypto Markets: Binance
on court with steph 