A metaverse project called, SPACE, that revolves around arts and commerce recently raised $7 Million in a funding round. They got their investment from Animoca Brands, CoinFund, Dapper Labs, Digital Currency Group, HOF Capital and other investors. The funds earned will be used to build the economic backbone of the metaverse. As it intends to…
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Or at least used to thrive off of privacy now that there are things like KYC on almost every centralized exchange. But still, no centralized exchange will ever be as bad as Facebook’s Meta. I despise them. They steal our private info to sell to companies for ad targeting. Watch how the market will start…
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SHIB’s 30% gain initiates a bullish reversal pattern and rumors of a major exchange listing and other developments have investors playing catch with the canine-themed meme coin.
I'm curious for those that are into STRONG, what is your process? Do you purchase ETH on an Exchange and then send to MM? If so, what exchange and why? TIA. Trying not to cost myself extra fees. submitted by /u/snickerdoodlez530 [link] [comments]
submitted by /u/bushchook83 [link] [comments]
News came during an innovation event today. You can check the news (Portuguese) here: https://oglobo.globo.com/economia/eduardo-paes-quer-aplicar-parte-do-tesouro-do-rio-em-criptomoeda-dar-desconto-para-iptu-pago-em-bitcoin-25353018 Summary: A decree will be released tomorrow creating a working group to discuss crypto-related policies; The idea is to simulate the initiatives of Suarez’s Miami, making Rio a cryptohub in the country. If it really happens, it will be a…
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submitted by /u/Busy-Bonus3010 [link] [comments]
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,” he stressed. Bill Introduced to Prohibit the Fed From […]
Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and Republicans from the Senate and House Agriculture Committees agreed that the agency plays a “critical role“. In a letter that Bloomberg described as “a rare show of bipartisanship in a divided Congress”, the lawmakers asked chair Benham to answer several questions in order “To understand the scope and size of digital asset markets, the benefits and risks presented by these emerging technologies” and “the role of the Commission with respect to these markets”. “The CFTC has a critical role to play to ensure the integrity of digital asset markets. While some of these technologies have the potential to modernize the financial system, it is imperative that customers are protected from fraud and abuse and that these markets are fair and transparent.” The lawmakers approached the risks of the crypto industry and called for the CFTC to widen their engagement to protect consumers from losses and scams. The letter details alleged risks from the industry and reiterated that the CFTC is enabled by the Commodity Exchange Act to take enforcement actions for violations coming from digital asset marketplaces. “Despite the CFTC’s responsible engagement, this industry is still subject to risks of abuse, including consumer fraud and cybercrime. Consumers reported losing nearly $82 million to 2 cryptocurrency scams between the fourth quarter of 2020 and first quarter of 2021, more than 10 times the amount from the same six-month period a year earlier.” The lawmakers are also concerned about risks in the DeFi space and “any DeFi protocols offering derivatives contracts on unregistered exchanges”. However, they noted that “there are still questions about who is responsible for monitoring DeFi markets for fraud and manipulation, safeguarding customer funds, and ensuring parties meet their obligations to one another.” Related Reading | Did US Regulators Began Offensive Against Crypto Platforms? CFTC Fines Kraken Authority Of The CFTC In October 2021, during chair Rostin Behnam’s confirmation hearing, he appealed to Congress looking to expand the CFTC’s regulatory authority and stated that the entity is ready to be the “primary cop on the beat” “the total size of the digital asset market was US$2.7 trillion and among that $2.7 trillion, nearly 60% were commodities. So with that in mind, I think it’s important for this committee to reconsider and consider expanding authority for the CFTC,” Behnam’s statement seemed to contradict Gary Gensler’s, chair of the Securities and Exchange Commission (SEC), who sees most cryptocurrencies as equity. This has seemingly turned into a race amongst regulators to gain more authority. The SEC’s view on how to define Ether has become unclear. If the two largest cryptocurrencies by market cap (BTC and ETH) are not securities, then the SEC has a large size of the market out of regulatory reach. However, the lawmaker’s letter defined both Bitcoin and Ether as commodities, which would mean that both of these assets fall under the CFTC’s jurisdiction. “The CFTC has long considered certain digital assets to be commodities and courts have agreed. In fact, the two largest digital assets by market capitalization are commodities: Bitcoin and Ether. These two digital assets alone make up approximately 60% of the $2.7 trillion market. Futures contracts on Bitcoin and Ether are currently traded on CFTC-registered derivatives exchanges.” Related Reading | How the CFTC fine on Coinbase could affect future crypto company listing
