Author: Dren.H

TuongVy Le recently criticized SEC for its framework regarding the regulation of cryptocurrencies, emphasizing a lack of clarity in compliance rules. The former Chief Counsel for the U.S. Securities and Exchange Commission’s (SEC) Office of Legislative and Intergovernmental Affairs, TuongVy Le, has criticized the SEC’s approach to regulating the digital asset industry. In an interview on CoinDesk, Le argued that the agency is relying too heavily on enforcement actions to regulate the industry, rather than providing clear guidance on compliance rules. Le expressed concerns that when the SEC states that something is not compliant, it does not necessarily indicate what…

This year’s Super Bowl will not feature any crypto ads, which many believe could be a good thing for the industry.The National Football League (NFL) Super Bowl will not feature any cryptocurrency commercials this year. While this might seem disappointing, it could actually be a positive change for the crypto industry. The past year has seen numerous failures of trust, ethics, and corporate responsibility within the crypto world, leading many to question the stability of the industry. Fox Sports announced on Monday that all in-game advertisements for the upcoming Super Bowl LVII have been fully booked. The highly-anticipated event between…

Centre Pompidou, one of the most famous art museums in the world, announced that they will start displaying NFTs. Yuga Labs, a leading web3 company, announced the next step in its Punks Legacy Project, a mission to bring awareness to the cultural relevance of CryptoPunks, one of the first NFT projects. As part of this project, Yuga Labs donated CryptoPunk #110 to the permanent collection of the Centre Pompidou, Paris’s leading contemporary art museum. This donation is the second one from Yuga Labs as part of the Punks Legacy Project. The first donation, CryptoPunk #305, was given to the Institute…

In a recent statement, the IMF emphasized that El Salvador “should” address Bitcoin risks so that it has less exposure to its volatility.El Salvador is facing important financial sector issues that need immediate attention to rebuild financial stability and promote economic growth. According to the International Monetary Fund (IMF), the country’s banking sector is healthy, with non-performing loans (NPLs) at 1.8%. But, regulatory reforms are required to maintain financial stability. Banks’ exposure to the government has increased and system-wide liquidity buffers have decreased. This comes as a result of halving reserve requirements since 2019. To strengthen bank liquidity, the IMF…

Despite reaching an agreement with prosecutors, the judge denies the motion to allow SBF to use messaging apps. Sam Bankman-Fried, is facing life imprisonment on charges of fraud and conspiracy. He has been denied access to electronic communication by the Southern District of New York District Court. Prosecutors alleged that Bankman-Fried attempted to tamper with witnesses. They allegedly caught him using the encrypted messaging app Signal. Encrypted messaging apps such as Signal allow users to set a time limit for messages to remain on the app, with options ranging from 30 seconds to four weeks. People can use such apps…

Binance announced that it will help those affected by the tragic earthquakes that hit Turkey and Syria recently. The recent earthquake in Turkey and Syria has left thousands of people dead and many more injured. Binance, the leading cryptocurrency exchange, is stepping in to offer support to those affected by the tragedy. The company is donating Binance USD (BUSD) to humanitarian NGOs working on the frontlines of the disaster zone in both countries. 100% of the funds raised will go directly to providing essential resources such as medical supplies, food, shelter, and blankets. The public can donate to the Emergency…

FTX opposes independent bankruptcy investigation, citing cost and cybersecurity concerns, according to a recent report by Reuters. FTX’s legal team made a powerful plea to a Delaware U.S. bankruptcy judge on Monday to reject a court-supervised investigation into the crypto exchange’s collapse. The attorneys argued that such a probe would be both a waste of resources and a potential security hazard. During Monday’s hearing, FTX attorney James Bromley told U.S. Bankruptcy Judge John Dorsey, who is overseeing the firm’s Chapter 11 case, that the proposed independent investigation on FTX requested by the U.S. Department of Justice’s bankruptcy watchdog was “too…

Binance introduces its newest tool, Binance Tax, which helps people calculate their taxes with ease. Binance, one of the largest cryptocurrency exchanges, has just launched its latest tool to help crypto users streamline their tax season experience – Binance Tax. This new and innovative product is designed specifically for the volume and complexity of Web3 transactions. It provides a comprehensive and easy-to-use solution to the challenges of crypto tax reporting. For many crypto users, filing taxes can be a confusing, time-consuming, and even overwhelming process. With Binance Tax, however, users can now obtain a simple yet comprehensive estimate of their…

Elon Musk recently announced on his Twitter that the social media platform started ad revenue sharing for Twitter creators. Twitter CEO and owner Elon Musk revealed that the platform is launching a new policy that shares ad revenue with creators. This exciting news applies only to ads displayed within a creator’s reply thread. This move comes after YouTube introduced ad revenue sharing for its creators through the YouTube Partner Program, with the aim of becoming the most rewarding platform for creators. Similar monetization options are available on social media sites such as Instagram, TikTok, and Snapchat for creators who publish…

Tim Draper recently tried to “pitch” the idea of Bitcoin adoption to Sri Lanka in order to overcome the economic struggles that the latter faces Silicon Valley mogul Tim Draper, known for his ardent advocacy of cryptocurrencies, encountered a less than warm reception when he recently pitched Bitcoin to the struggling nation of Sri Lanka. The billionaire visited the island nation to film an episode of his “Meet the Drapers” TV series with local entrepreneurs and had the opportunity to meet with President Ranil Wickremesinghe. Despite his efforts to promote the use of decentralized currency, Sri Lanka’s central bank governor,…