Regulators to blame for LIBRA memecoin scandal — Coin Bureau founder

February 19, 2025
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Some in the crypto community are outraged about the lack of legal clarity around memecoins like Libra, which collapsed soon after endorsement by Argentine President Javier Milei.

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the…

Will Grayscale be the next FTX?

On Nov. 18, Grayscale, the asset manager running the world’s largest Bitcoin (BTC) fund, released a statement detailing the security of its digital assets products and affirming that it won’t share its proof of reserves with customers. “Due to recent events, investors are understandably inquiring deeper into their crypto investments,” the statement begins, which is quite…

Tim Cook says Apple will weave AI into products as researchers work on solving bias

CEO Tim Cook gave a rare, if guarded, glimpse into Apple’s walled garden during the Q&A portion of a recent earnings call when asked his thoughts on generative artificial intelligence (AI) and where he “sees it going.” Cook refrained from revealing Apple’s plans, stating upfront, “We don’t comment on product roadmaps.” However, he did intimate that…

Bitcoin surge could be driving digital yuan interest, says People’s Bank of China

The central bank says strong interest in its CBDC project is partly being driven by Bitcoin's recent surge, despite cryptocurrency still being banned in China. 537 Total views 7 Total shares The cryptocurrency space may be helping to spawn its own competitors after a representative of the People’s Bank of China said Bitcoin’s (BTC) recent…

FTX creditors only getting '10-25% of their crypto back' — creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.

ConsenSys Accused of Stealing IP From a Startup in Its Own Incubator

Canadian blockchain upstart BlockCrushr alleges that ConsenSys stole proprietary technology after it participated in ConsenSys’ Tachyon accelerator program. 444 Total views 6 Total shares Canada-based fintech firm BlockCrushr has filed a lawsuit in New York accusing blockchain tech company ConsenSys of stealing trade secrets.BlockCrushr claims that ConsenSys launched an Ether (ETH)-based recurring payments platform called…

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option. 137 Total views 10 Total shares Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study

SEC Reaches $24 Million Settlement With EOS Parent Firm Block.one

The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO).On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the…

OKX cites intermittent outage amid Alibaba Cloud equipment anomaly

Alibaba Cloud Hong Kong IDC Zone C server went offline on Saturday at roughly 10 PM ET and failed to recover for over 7 hours at the time of reporting. 1081 Total views 7 Total shares Own this piece of crypto history Collect this article as NFTCrypto exchange OKX witnessed service disruptions after primary infrastructure…

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