Here is a recap of the top cryptocurrency news you might not have caught from the first week of August Bank of America sees benefits to El Salvador’s Bitcoin adoption US banking institution Bank of America (BofA) postulated in a report published last week that it sees some good in El Salvador’s decision to adopt […]
Tag: STO
Russia to Launch Crypto Monitoring Service
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. It is quite a pivotal moment for crypto regulation. President Biden’s original infrastructure bill features language which would massively regulate and monitor the digital asset industry. Further, the US Senate Committee on Banking held […]
Binance Feels the Heat While a Regulatory Turf-War Brews in the U.S. – Regulation Weekly
This past week was a busy one with regards to enforcement actions and regulatory developments pertaining to digital assets. While a turf-war between regulators appears to be ramping up in the United States, other nations are in the midst of enacting new rules, providing clarity for industry participants. Regulatory Turf-War Who should be in charge […]
CFTC Wants A Piece of Crypto Too, But More Concerned About DeFi
Senator Elizabeth Warren is urging US regulators and Congress to respond to the growth of cryptocurrencies. “Right now, we don’t have any cops on the beat to speak of,” said Warren, a Massachusetts Democrat, in an interview with Bloomberg. “So long as it’s an unregulated system, you may be pulling more people in so that […]
NFT platform raises $30M from Coinbase, Eminem and others
MakersPlace drummed up interest from a range of investors after facilitating the sale of Beeple’s record-breaking $69M NFT artwork NFT platform MakersPlace announced yesterday the completion of its Series A funding round, led by Pantera Capital and Bessemer Venture Partners, in which it raised $30 million. The round also saw the participation of Coinbase Ventures, […]
Top 3 Crypto Concerns Coming Out of the Infrastructure Bill
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Though yet to be finalized, President Biden’s proposed $1.2 trillion infrastructure bill has far reaching implications—not just for the US economy, but for the digital asset space as well. The following articulates three of […]
Genesis Records 13 Consecutive Quarter of Growth, Reports Rotation Out of BTC into ETH While DeFi Attracts Funds
Crypto lender Genesis released its Q2 2021 report showing an increase of 22% in the number of entities onboarded to Genesis Custody. New loan originations at Genesis meanwhile increased over 60% to hit an all-time high of $25 billion, marking the thirteenth consecutive quarter of growth. Originations rose almost 8x year-over-year and were 60.6% higher […]
dYdX Launches Governance Token, But the Airdrop Won’t Cover US-based Users
Decentralized finance (DeFi) project dYdX announced the launch of dYdX Foundation, a Zug-based independent foundation, which it describes as the first important step in its journey towards complete decentralization. The same day, the trading platform announced that the dYdX Foundation is launching the governance token DYDX, which “powers a community-led ecosystem of governance, staking, and […]
SEC Chair Gary Gensler Makes a Power Grab But It was Expected and Will Aid in DeFi Expansion & Bitcoin ETF Approval
Speaking at the Aspen Security Forum, US SEC Chair Gary Gensler said no crypto asset fulfills all the functions of money. They are primarily digital, scarce vehicles for speculative investment. “In that sense, one can say they are highly speculative stores of value.” Crypto assets haven’t been used much as a unit of account or […]
Project WITH crypto could be one to watch today: here is where to buy it
Project WITH (WIKEN) is a cryptocurrency that surged in value by 160% today, igniting the attention of many crypto investors and traders. If you are planning to invest in Project WITH tokens, or if you just want to find out what all of the fuss is about, this article answers all of the key questions. […]
