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Kraken Facing SEC Scrutiny Is 'Not a Condemnation of Staking At Large': Former SEC Attorney
Crypto exchange Kraken will end its U.S. crypto-staking service and pay a $30 million fine to settle with the U.S. Securities and Exchange Commission (SEC). Former SEC Attorney and Ketsal partner Zachary Fallon weighs in on the developments, noting this is not a condemnation of staking at large, where users can validate transitions on a proof-of-work chain.
Bitcoin's Price Falls Under $22K
Host Joel Flynn discusses whether the recent drop in bitcoin's price is the start of a sustained downtrend or a healthy correction. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.
The Super Bowl and Crypto: What a Difference a Year Makes
Broadcaster Fox Sports recently said there will be "zero representation" of crypto companies in the advertising lineup for this year's Super Bowl championship game on Sunday. Adweek Senior Reporter Patrick Kulp looks back at the crypto advertisements in 2022 and what has changed in the industry since the last Super Bowl.
Uniswap Vote Highlights the Opaqueness of Decentralized Governance
A contentious Uniswap vote is drumming up a debate on crypto Twitter over just how decentralized the exchange truly is. Compound Labs Founder Robert Leshner discusses the significance of a winning proposal to deploy Uniswap v3 on the BNB Chain using the Wormhole bridge. Plus, a closer look at VC firm Andreessen Horowitz, which invested in Uniswap and earned a massive trove of the project's UNI tokens.
Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In
Kraken is shuttering its crypto staking-as-a-service platform for U.S. customers and will pay $30 million to settle SEC charges it offered unregistered securities. In a blog post, Kraken said it would automatically unstake any assets staked by U.S. clients except for staked ether, which won't be unstaked until after the Ethereum Network's Shanghai upgrade takes effect. Ketsal partner and former SEC Attorney Zachary Fallon discusses what this could mean for the future of SEC enforcement actions over the crypto industry.
Kraken to End US Crypto Staking Service, Pay $30M Fine in SEC Settlement
Crypto exchange Kraken will "immediately" end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.
Bitcoin Falls Below $22K After Kraken's SEC Settlement
Bitcoin (BTC) and ether (ETH) are dropping after crypto exchange Kraken's $30 million settlement with the U.S. Securities and Exchange Commission. DFD Partners President Bilal Little shares his analysis of the crypto markets and why he thinks we might be in the early innings of the next crypto bull cycle.
Legal Expert Weighs in on Craig Wright Losing Bitcoin Copyright Claim in UK Court
The file format of the Bitcoin blockchain can’t be protected by copyright, a U.K. judge has found, ruling against self-proclaimed inventor Craig Wright. Louise Abbott, partner at Keystone Law, discusses the court's response after the judge said the file format of Bitcoin – the sequence of a header and list of transactions that together form a block – can’t be treated like a literary work because Wright can’t show how they were first recorded.
Bitcoin Slips Below $22K as Crypto Winter Rages On
Gerber Kawasaki's Brett Sifling joins "All About Bitcoin" to discuss bitcoin dropping below $22,000. Plus, a closer look at the major trends in crypto this year, as tokens utilizing AI technology are on the rise.
