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Policy

Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

A flash of hope that an FAA bill could carry U.S. stablecoin rules across the finish line has been momentarily dashed as congressional leaders were said to ward off amendments.

Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)

Finance

Paradigm Special Counsel Has Left the Crypto-Focused VC Firm

Rodrigo Seira has rejoined Cooley LLP, the law firm where he worked previously, according to his LinkedIn profile.

Paradigm co-founder Fred Ehrsam (Brady Dale/CoinDesk)

Finance

Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France

The payments processor has been authorized by France’s financial regulators, the ACPR and the AMF, to act as an Electronic Money Institution (EMI) and Digital Assets Services Provider (DASP).

eiffel tower (Chris Karidis/Unsplash)

Finance

Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M

The startup is one of the first to build tokenized tech for Bitcoin's Runes era.

bitcoin, money, virtual. (Leamsii/Pixabay)

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Policy

Nigeria’s Central Bank Deletes Then Reinstates Tweet Calling Crypto-Related Directive Fake

The Central Bank of Nigeria did not immediately respond to CoinDesk’s request for comment.

Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)

Finance

Kraken Is Buying TradeStation Crypto, Expanding Cryptocurrency Exchange's U.S. Reach

The takeover, which hasn't been previously disclosed publicly, expands the cryptocurrency exchange's regulatory licensing in the U.S.

Kraken (DreamStudio/CoinDesk)

Finance

OKX 'OG' Execs Tim Byun and Wei Lan Leave Crypto Exchange

Byun, who spent two years as CEO of Okcoin, had built out a global government relations role; Wei Lan was head of product for the exchange.

OKX's Tim Byun (OKX)

Policy

Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering.

Different paths (Unsplash)

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Finance

'Bitcoin Sign Guy' Is Auctioning His Bitcoin Sign

Christian Langalis, whose 2017 photo-bombing of Janet Yellen became a viral meme, will use the proceeds to fund his Bitcoin/Lightning/Urbit startup.

Christian Langlais holds up a "Buy Bitcoin" sign behind Federal Reserve Chair Janet Yellen at a House Financial Services Committee hearing in July 2017. (C-Span)

Finance

Ripple-Owned Metaco Sees Most of Execs and Marketing Teams Depart: Source

Since being acquired by Ripple last year, Metaco has now lost its CTO, Angel Nunez, its head of sales, Craig Perrin, and product marketing lead Mei Li Powell, as well as marketing officers Gene Peterson and Rahul Mudgal.

Metaco's management team (Metaco)