Bahamian Prime Minister Doesn’t Regret FTX, Says SBF Put His Country ‘On the Map’ for Crypto

In the mountains of Idyllwild, CA, a convergence of technologists, artists, and optimists surrendered themselves to the future. I had the opportunity to spend two recent days at Basecamp, Base’s summer retreat, followed by two more at FWB FEST (Friends With Benefits’ annual gathering), where around 1,000 attendees enjoyed music, art, and ideas while exploring

The crypto ecosystem is quick to condemn public crypto skepticism from under-informed traditional finance experts who should, we reasonably conclude, know better. We’ve seen this happen over the past few days with the reaction to comments given by Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Asset & Wealth Management, in a recent Wall Street

news NYSE Arca has formally applied to the Securities and Exchange Commission (SEC) for a rule change that would allow it to list shares in a proposed bitcoin investment trust. The United States Bitcoin and Treasury Investment Trust, managed by Wilshire Phoenix Funds, would invest exclusively in bitcoin and short-term U.S. Treasury securities, according to…

Bim Afolami, the member of parliament for Hitchin and Harpenden, was appointed economic secretary to the U.K. Treasury on Monday, a role that includes responsibility for crypto and central bank digital currency (CBDC) policy.Afolami replaces Andrew Griffith, who had said he wanted the country to be a crypto hub despite the collapse of crypto exchange

The Internal Revenue Service (IRS) is moving in the direction of providing a free software service to taxpayers, as evidenced by the Direct File pilot program in 13 states, starting in 2024. The project enables taxpayers to file their taxes directly with the IRS with the assistance of software similar to Turbo Tax.For decentralized finance

Feb 10, 2020 at 11:43 UTCUpdated Feb 10, 2020 at 11:58 UTCA cryptocurrency exchange that only launched in the last few months says it has been hit by a hack that it can't afford to cover.Altsbit – a platform reported to be based in Italy, though it doesn't make this clear on its website or…

DAI stablecoin issuer MakerDAO’s community has decided to halt lending to a tokenized credit pool on the Centrifuge protocol after accruing $2.1 million of loan defaults.In a governance vote that concluded Thursday at 12 p.m. (ET), voters unanimously favored stopping additional lending to the embattled credit pool, managed by fintech firm Harbor Trade. Maker is…

Crypto traders and industry executives have expressed favor toward Republican U.S. presidential candidate Donald Trump's policies on Bitcoin and digital assets. That predisposition has not translated to a fondness for the decentralized-finance project he is actively promoting, World Liberty Financial, or its WLFI tokens – as he found out this week. (Spoiler alert: The tokens

Jul 24, 2020 at 14:00 UTCUpdated Jul 24, 2020 at 14:01 UTCWednesday's letter gave small banks regulatory cover to provide crypto custody services, but larger banks may need more specific guidance. (Mark Van Scyoc / Shutterstock, modified via Photomosh)Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to IgnoreThe Office…