digital assets
Stablecoins to Eventually Replace the FX Market: Stablecorp CEO
"The dirty secret about cross border payments in digital assets world is [that] there isn't really an FX market," says Stablecorp CEO Alex McDougall. He previews his presentation ahead of I.D.E.A.S. 2022 by CoinDesk taking place Oct. 18-19 in New York City.
Yellen Stresses Importance of Regulatory Framework for Digital Assets; Tether Cuts Commercial Paper Holdings to Zero
U.S. Treasury Secretary Janet Yellen reiterated the importance of building a regulatory framework for digital assets. Stablecoin issuer Tether reduced its commercial paper holdings to zero and replaced them with U.S. Treasury bills. Bankrupt crypto lender Voyager Digital's executives have included sweeping legal immunity for themselves in the proposed agreement for their assets to be sold to FTX.US for $1.4 billion.
Legal Expert on SEC Reportedly Probing Yuga Labs Over Unregistered Offerings
The U.S. Securities and Exchange Commission is probing Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, over whether sales of its digital assets violate federal law, according to a report from Bloomberg, citing an unnamed source close to the matter. Former SEC Branch Chief and current Managing Partner at Perkins Coie LLP Valerie Dahiya discusses the legal implications of non-fungible tokens (NFTs) and whether digital collectibles are securities.
Report: SEC Probing Bored Ape Creator Yuga Labs Over Alleged Unregistered Offerings
The U.S. Securities and Exchange Commission (SEC) is probing Yuga Labs, the creator of the Bored Ape Yacht Club non-fungible token (NFT) collection, on whether sales of its digital assets violate federal law, according to a Bloomberg report. "The Hash" hosts discuss how this might shape the future of crypto regulation.
Here’s How a Crypto Mortgage Works
Moon Mortgage founder and CEO Aaron Nevin joins "First Mover" to discuss Moon’s mortgage lending product CryptoMortgage and how crypto mortgages work with digital assets as collateral.
Crypto Lending Platform Moon Mortgage Raises $3.5M Seed Round
Crypto lending platform Moon Mortgage has raised $3.5 million in a seed round to finance Moon’s mortgage lending product, CryptoMortgage, which takes investors' digital assets as collateral, and then provides 100% financing for investment properties. Moon Mortgage Founder and CEO Aaron Nevin discusses the launch and details of the product.
US Regulation Should Be 'Empowering' Not 'Constricting': Prime Trust VP
Prime Trust VP of Regulatory Affairs Jeremy Sheridan suggests there needs to be a whole new regulatory agency to address digital assets, saying "having a novel approach to a very novel technology may be more appropriate." He discusses the likelihood of that option.
Three Arrows Capital’s Liquidator Takes Over Starry Night NFT Wallet
Starry Night Capital, a fund backed by bankrupt crypto hedge fund Three Arrows Capital, had its non-fungible tokens (NFT) moved to smart contract wallet Gnosis Safe, according to Nansen.ai. The move was made by 3AC’s liquidator Teneo to take control of the digital assets.
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China's Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.
CFTC Fines Blockchain Protocol bZeroX $250K, Files Civil Action Against Successor DAO
The Commodity Futures Trading Commission (CFTC) has penalized blockchain software protocol bZeroX and its founders $250,000 for offering illegal, off-exchange trading of digital assets. The CFTC has simultaneously filed a civil enforcement action charging Ooki DAO, the successor to bZeroX. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the charges against bZeroX.
