Massachusetts Issues Stern Warning To Sportsbooks About Prediction Market Plans

Massachusetts has become the latest to state to warn sports betting licensees about getting too deep into the prediction markets business. In a letter to operators, Massachusetts Gaming Commission executive director Dean Serpa writes, “Please accept this letter as notice that you are prohibited from offering sports-related event contracts in Massachusetts, directly or via an […] The post Massachusetts Issues Stern Warning To Sportsbooks About Prediction Market Plans appeared first on DeFi Rate. дальше »

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Crypto Long & Short: Redefining the Custody Standard for Banking

In this week’s Crypto Long & Short Newsletter, Pascal Eberle writes about redefining the custody standards for banking and Andy Baehr explains how the crypto market is awaiting a new leader to spark its next rally. дальше »

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Grayscale adds options spin to Ethereum with launch of ETCO ETF

Grayscale is leveraging its own ecosystem to launch the ETCO fund, a strategy that writes call options on its existing Grayscale Ethereum Trust ETFs, creating a new product designed to generate yield from volatility. дальше »

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Senator Elizabeth Warren Writes to ‘Crypto Czar’ David Sacks, Requests Transparency with Bitcoin Reserve

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Is The Worst Yet To Come For XRP? Analyst Issues Dire Warning

While the XRP price is already down -42% since its peak at $3. 40 on January 16, renowned technical trader Josh Olszewicz (@CarpeNoctom) warns that the next leg downward may be imminent. Sharing his daily chart analysis on X, Olszewicz writes, “1D XRP: H&S + bearish kumo breakout watch,” signaling that two significant technical developments could push XRP prices lower in the near future. дальше »

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Bitcoin’s Path to $100K: Analysis and Insights from Alex Thorn

Bitcoin’s price has consistently stayed above $90,000 over the past week, and the psychological milestone of $100,000 appears within reach writes Galaxy Digital’s Alex Thorn. дальше »

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How DAO Crowdfunding Could Revolutionize Sports

Crowdsourced strategies can introduce a diversity of perspectives, leading to more innovative and adaptable game plans, writes a high school senior and sports fanatic. дальше »

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Pavel Durov: The Imperfect Free Speech Hero

Pavel Durov is a free speech hero, but Telegram is far from a perfect free speech platform, writes CoinDesk's Ben Schiller. дальше »

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Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst

Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research. дальше »

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VanEck Sees Ether Hitting $22K by 2030

Ether's 2030 valuation is forecasted at $2.2 trillion, driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes дальше »

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Grassroots Policy Advocates Are Key to Seeding Crypto Innovation

Here are some ways users and developers, the lifeblood of crypto, can help move better legislation through Congress, writes Rebecca Rettig, Chief Legal & Policy Officer at Polygon Labs. дальше »

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Craig Wright Lied to UK Court 'Extensively and Repeatedly,' Judge Writes

Judge James Mellor released his written judgement on the Crypto Open Patent Alliance vs Craig Wright case on Monday. дальше »

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DAOs Beware: Neo-Imperialism Is on the Rise in Crypto-Land

Wyoming's new legal entities for decentralized unincorporated nonprofit associations sets up legal entities that cheapens the idea of creating protocols that work independent of nation states, Martin Schmidt writes. дальше »

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What Binance's Exit From Nigeria Means for P2P Bitcoin

The exchange was forced to leave Nigeria, and I’m sure it will happen to other crypto companies in other countries, Ray Youssef, CEO of NoOnes, writes. дальше »

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El Salvador Doubles Down on Bitcoin

The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes. дальше »

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The Benefits of Building Apps On-Chain

Blockchain networks are information networks, which can be leveraged to build new types of tools and experiences, Variant's Alana Levin writes. дальше »

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Watchdog Group Writes To US Senators On Circle’s Alleged Links To Terrorist Financing

Campaign for Accountability (CfA), a non-profit ethics watchdog organization, has written a letter to popular anti-crypto US senators Elizabeth Warren and Sherrod Brown, alerting them to possible links of Circle, the USD Coin (USDC) stablecoin issuer, to terrorist financing activities. дальше »

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Hong Kong to allow retail investors to participate in spot ETFs

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), may allow retail investors to buy spot crypto ETFs. Bloomberg, citing SFC CEO Julia Leung, writes that the regulator welcomes proposals using innovative technologies that improve efficiency and quality of… дальше »

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Ripple VP: The Policy Considerations 'Justifying the Implementation of CBDCs'

Central bank digital currencies have nearly limitless opportunity but ultimately, mainstream adoption hinges upon usability, Ripple Vice President James Wallis writes. дальше »

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Digital Asset Recap Q3 2023: Bitcoin and Ether Outperform Wider Market Amid Regulatory Pressure and the Promise of ETFs

The CoinDesk Market Index fell 11% overall as we saw increased bifurcation between established majors (Bitcoin and Ether) and all other digital asset protocols and projects, writes Todd Groth, head of research at CoinDesk Indices. дальше »

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A Better Way to Distribute Crypto Ecosystem Grants

Token project treasuries, foundations and grant programs are a necessary lifeline during the bear market. But this funding could be more fairly disbursed, Lunar Strategy's Tim Haldorsson writes. дальше »

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Understanding the Economics of Ethereum Layer 2s

Explosive Ethereum growth is on the way, with layer 2s like Arbitrum, Optimism and now Base paving the way, Michael Nadeau of The DeFi Report writes. дальше »

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How Drivechains Introduce New Incentive Dynamics to Bitcoin

The activation of hashrate escrow in combination with blind merge mining inevitably degrades writes Bitcoin Magazine Technical Editor Shinobi. дальше »

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Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation.

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First Mover Asia: Bitcoin Awaits Its Spot ETF in Absence of a Macro Catalyst: Crypto CEO

PLUS: At least one bitcoin price indicator suggests that BTC may be turning slightly upward soon, writes a CoinDesk analyst, while Tribe Capital's managing partner sees a DeFi "resurgence." дальше »

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Bitcoin Mining Has a Superpower

It's the blockchain's electricity consumption patterns, Texas Blockchain Council President Lee Bratcher writes. дальше »

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Could the Ripple Ruling Spell the End of Regulation by Enforcement?

A long-awaited district judge’s ruling that some XRP token sales were not investment contracts will likely eventually lead to a bipartisan regulatory framework that is more favorable to the pro-crypto crowd in Congress, writes John Rizzo. дальше »

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First Mover Asia: Bitcoin Soars to One-Year High at $31.7K as Crypto Investors Savor Partial Ripple Victory

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts. дальше »

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FCA Writes To Crypto Marketing Firms On Incoming Financial Promotions Regime

The United Kingdom Financial Conduct Authority (FCA) informed crypto firms about the incoming financial promotion rules for UK customers. The FCA introduced these rules on June 8, considering that crypto ownership in the UK doubled from 2021 to 2022, with a survey that revealed that 10% out of 2000 participants held one form of crypto asset […] дальше »

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What New York Can Learn From Hong Kong in Regulating Crypto

A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden. дальше »

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Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […] The post Bitcoin correlation with gold drops, highlighting risk-on nature remains appeared first on CoinJournal. дальше »

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Bitcoin Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data

A hawkish Bank of England rate hike and the latest U.S. jobless claims stirred markets little. A crypto executive writes that approval of a spot bitcoin ETF is “almost certain.” дальше »

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‘Holy shit, I’ve seen that!’ — Coldie’s Snoop Dogg, Vitalik and McAfee NFTs: NFT Creator

NFT art pioneer Coldie creates crypto culture time capsules about Buffett, Buterin and McAfee — and writes lyrics for Snoop Dogg. дальше »

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Crypto is losing touch with institutional cash

Key Takeaways Crypto.com this week shut down its institutional exchange in the US, citing a lack of demand The regulatory climate has worsened significantly in the US, meaning crypto is becoming less practical for institutions  The macro picture and scandals across the space last year have also contributed, writes our Head of Research, Dan Ashmore […] The post Crypto is losing touch with institutional cash appeared first on CoinJournal. дальше »

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House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass

House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips. дальше »

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Binance's CZ writes to employees amid SEC debacle per this leaked email

The SEC Chairman claimed that crypto exchanges come under its authority as most tokens are securities Subsequently, Binance CEO addressed the SEC lawsuit to his employees in an email The US The post Binance's CZ writes to employees amid SEC debacle per this leaked email appeared first on AMBCrypto. дальше »

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How to Build a Compliant Crypto Exchange Post-Coinbase

Crypto isn’t going anywhere — though Coinbase might — so what the market needs is a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne. дальше »

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Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted

The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann. дальше »

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First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments

ALSO: Former CoinDesk head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge. дальше »

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Sen. Warren’s Bill Signals Crypto Is Headed for a Clash With National Security Interests

The misguided Digital Asset Money Laundering Act sponsored by Senators Elizabeth Warren and Roger Marshall may be dead on arrival, but the crypto community should not ignore the conflict it represents between crypto and law enforcement, writes Chris Grieco. дальше »

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Elizabeth Warren’s Bill Won’t Stop Money Laundering, but It Could Ban Crypto

The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are pushing through Congress is the legislative equivalent of a Trojan Horse, writes John Rizzo. It would effectively ban crypto in the guise of fighting money laundering. дальше »

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First Mover Asia: Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs

ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins is increasing, writes CoinDesk analyst Glenn Williams. дальше »

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Crypto liquidity falling as market makers pull back from hostile US market

Key Takeaways Jane Street and Jump Crypto, two prominent crypto market makers, are scaling back crypto operations The decision comes as US regulators continue an aggressive clampdown on the sector Liquidity is already thin in crypto, and these moves will only drop it further and increase volatility, writes our Head of Research, Dan Ashmore   […] The post Crypto liquidity falling as market makers pull back from hostile US market appeared first on CoinJournal. дальше »

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Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes. дальше »

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Coinbase chief counsel writes to SEC on regulation

Coinbase wrote to the U.S. Securities and Exchange Commission (SEC) to request revisions to the proposed rule requiring registered investment advisors (RIAs) to store client assets with qualified custodians. дальше »

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Report: Coinbase share price continues to fall, as regulators and crypto volumes worsen

Key Takeaways Coinbase stock is down 87% from its IPO price, the company now worth $11 billion Regulators are moving in on the industry in the US, creating an increasingly hostile environment Share price reflects these developments, as well as plummeting volume in the crypto space, writes our Head of Research, Dan Ashmore  Coinbase is […] The post Report: Coinbase share price continues to fall, as regulators and crypto volumes worsen appeared first on CoinJournal. дальше »

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First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues

PLUS: Western crypto innovators with great ideas are eying the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto's model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes. дальше »

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The Crypto Miner Reckoning: No Fate but What We Make

As Bitcoin ages into its teens, it’s time to move beyond tribalism so we can work collectively with legislators and innovate business models of the future, writes Samir Tabar of Bit Digital. дальше »

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Crypto has a wild day as $300 million liquidated: a story that won’t change soon

Key Takeaways Bitcoin led markets on a ride Wednesday, surging from $28K to $30K before shedding 7% in an hour Surge had come following optimism for liquidity injection from Fed, as banking issues resurfaced at First Republic and shares cratered 50%  Markets are too thin and prone to these large price swings, writes our Head […] The post Crypto has a wild day as $300 million liquidated: a story that won’t change soon appeared first on CoinJournal. дальше »

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Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […] The post Bitcoin supply is dwindling, yet volatility will be the biggest benefactor appeared first on CoinJournal. дальше »

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