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
“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
“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
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
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
Mayur Kamat, a tech industry veteran, discusses how the world’s largest crypto exchange is using artificial intelligence and the future of the tech industry. Author: Daniel Kuhn Source link
Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said. Author: Will Canny Source link
Net outflows totaled $30 million. Author: Lyllah Ledesma Source link
Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled Author: Sam Reynolds Source link
Despite being U.S.-issued debt, PV01 won’t immediately operate in the U.S., where regulation and scrutiny of crypto is getting stricter. “We’re only going to offer our products broadly in the United States when we have a clear sense that it’s legal to do so based on the setup that we have put in place,” he said. “And if it’s never possible, then we never will.” Author: Brandy Betz, Nick Baker Source link