“Blur Launches Native Token, Offers Airdrop to Traders”
Blur, a zero-fee non-fungible token (NFT) marketplace, has released its native token, $BLUR, on Tuesday. The token will enable traders to benefit from the platform’s governance protocol and share in the marketplace’s success. All traders, Care Package holders, and Creators who have been active in the last three months are eligible for the airdrop, which will last for 60...
SEC Falling Short on Digital Asset Regulation: TuongVy Le
The U.S. Securities and Exchange Commission (SEC) is not doing enough to address the digital asset industry, according to TuongVy Le, partner and head of regulatory and policy at investment firm Bain Capital. Le, a former chief counsel for the SEC’s Office of Legislative and Intergovernmental Affairs, said on CoinDesk TV’s “First Mover” Tuesday that the federal agency is...
“Tornado Cash Transactions Re-Accepted Despite US Sanctions”
The U.S. government's blacklisting of Tornado Cash transactions for U.S. people in August was met with criticism from the crypto industry, as it was seen as censorship that went against the decentralized network's vision of freedom from government interference. However, validators on the Ethereum blockchain have recently been allowing more Tornado Cash transactions to go through, even if they...
Binance, Huobi Freeze $1.4M in Crypto Tied to Harmony Bridge Heist
Crypto exchanges Binance and Huobi have frozen $1.4 million in crypto tied to the Harmony Bridge heist and its alleged North Korean hackers. This was done after crypto tracing firm Elliptic provided intelligence to the two exchanges. The funds were traced back to the $100 million hack of a “bridge” that allowed Harmony blockchain users to move crypto assets...
Security Tokens Defined in South Korea
South Korea's Financial Services Commission has provided clarity on how security tokens are defined, bringing the country in line with other jurisdictions in the wider Asia region. According to the new guidance, security tokens are defined as tokens that are digitized using distributed ledger technology. This means that South Korean securities firms and token issuers now have a clear...
Lael Brainard Named Biden’s Top Economic Adviser
U.S. President Joseph R. Biden is expected to name Federal Reserve Vice Chairwoman Lael Brainard as his top economic adviser, according to Bloomberg News. Brainard is known for her focus on crypto, as the sector founders, according to CoinDesk. The White House and a Fed spokesman declined to comment on the move, and Brainard could not be reached. An...
Curve (CRV) Gains 11% Amid Demand for Stablecoins
The token of Curve (CRV), a stablecoin swapping service, has seen an 11% increase in the past 24 hours due to a growing demand for decentralized stablecoins. Curve is set to launch its own dollar-pegged asset, crvUSD, which was first announced in June. The token is highly anticipated in the crypto community, as it will provide a secure and...
Blockchain & Web3: What are they?
Web3 is the next phase of the internet, allowing users to own digital assets, transact online, and have more control of their personal data through blockchain and crypto ecosystems. Introduction The emergence of Web3, a decentralized and permissionless internet, is set to revolutionize the way we interact online. Digital assets, such as cryptocurrencies, are playing a key role in this new...
SEC Creates “Chilling Effect” on Blockchain Industry
The U.S. Securities and Exchange Commission (SEC) is attempting to create a “chilling effect” on the blockchain industry by labeling nine tokens at the center of an insider trading case as securities, without giving the token creators a chance to defend themselves. Last year, the SEC lodged a complaint against former Coinbase manager Ishan Wahi for tipping off his...
Magic Eden Lays Off 22 Staff in Restructuring
Magic Eden, a Non-fungible token (NFT) marketplace, announced on Monday that it would be laying off 22 members of its staff as part of a "company-wide restructuring". CEO and co-founder Jack Lu explained that the changes were necessary to reach new goals in 2023. The restructuring is part of Magic Eden's efforts to become a leader in the NFT...
