Tornado Cash developer Alexey Pertsev denied bail while awaiting appeal
Pertsev will now spend the next year in prison while his lawyers prepare an appeal for money laundering charges.
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Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising.BTC market cap daily performance chart. Source: TradingViewMoreover, Bitcoin has decoupled from U.S. stocks for the first time in a year,…

0.3% fall in assets “could render Tether technically insolvent” — WSJ
Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. 603 Total views 27 Total shares An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position…

New Amazon series explores NFT culture: Nifty Newsletter, Dec. 14–20
NFTs and soulbound tokens define Web3 filmmaking, says directorWith Web3 making its way to various industries like filmmaking, one movie director believes that tools like NFTs and soulbound tokens — digital identity tokens representing a person or entity — can serve cinema in various ways. In an interview with Cointelegraph, Stephen Fung, director of the…

Preview of Today’s SEC Meeting on Harmonizing Securities Exemptions
Today, the United States Securities and Exchange Commission (SEC) is hosting two meetings of the investor advisory committee. The second of these is scheduled to start at 1:00 PM EST and will deal with the SEC’s earlier request for comment on harmonization of securities exemptions.The trouble with exemptionsThe current schema of exemptions is overgrown, with…

Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador
The license granted by El Salvador’s National Digital Asset Commission will allow Bitfinex Securities to issue and trade secondary assets on a regulatory-compliant platform. 264 Total views 11 Total shares Own this piece of history Collect this article as an NFTDigital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license…

FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO
The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed.Criminals mostly use BTC and ETH to dateDavid Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies at a panel held by blockchain…

Report: Big Four Firms to Become ‘Crucial Part’ of DeFi Ecosystem by 2030
DeFi will see a number of bullish developments over the long term, the latest dGen report alleges. 812 Total views 14 Total shares Big Four accounting firms like KPMG and Deloitte will become an important part of the decentralized finance — or DeFi — in the coming decade, according to Berlin-based non-profit think tank dGen. In…

Vitalik Buterin’s philanthropic fund donates 15M USDC to UC San Diego
The Airborne Institute will use the generous grant to study the transmission of airborne diseases such as COVID-19. 96 Total views 3 Total shares Own this piece of history Collect this article as an NFTAccording to a Mar. 7 announcement from the University of California San Diego (UCSD), the post-secondary institution has received a 15…