Andrew Hinkes, a partner at law firm K&L Gates, tweeted that the bill was “destined to fail” because it misunderstood crypto. It won’t be possible to apply the provisions to decentralized organizations, and the market doesn’t exist to offer the kind of auditing or insurances James is proposing, Hinkes said. Author: Jack Schickler Source link
Dubai Fintech Summit Welcomes Crypto Oasis as Web3 Ecosystem … Digital Journal Author: Source link
“We regularly evaluate our products to ensure we’re prioritizing the offerings that our customers care about most,” the spokesperson said. “Effective May 10, we will stop issuing new loans through Coinbase Borrow. There is no impact on customers’ outstanding loans, and no action is required from them at this time.” Author: Cheyenne Ligon, Nikhilesh De Source link
NEOWIZ’s Intella X Launches $10M Gaming Initiative Grant Program to Supercharge Web3 Gaming Ecosystem Marketscreener.com Author: Source link
“Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate,” according to the CEA’s description of the levy known as the Digital Asset Mining Energy tax. Author: Jesse Hamilton Source link
Adidas Is Bringing Web3 Into Its Confirmed App The Business of Fashion Author: Source link
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty. Author: Sam Reynolds Source link
Open Campus (EDU) Listing Stimulates Interest in Web3 EdTech BeInCrypto Author: Source link
NEAR Foundation opens submissions for Women in Web3 … CryptoTvplus Author: Source link
Sen. Cynthia Lummis (R-Wyo.), the other panellist during the session, said she looked forward to coordinating those efforts with McHenry, adding that the House had a better chance than the Senate at getting legislation through earlier. She said if the House moves first on crypto, it would “improve our chances” in the Senate. Author: Amitoj Singh Source link