• The article discusses the need for better policy to protect intellectual property rights when it comes to non-fungible tokens (NFTs). It emphasizes the importance of U.S. IP rights and how NFTs can be used to create, use, and monetize IP in new ways. • The article is written by Diana Stern, general counsel at…
Bullet points: • The newly formed Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will prioritize stablecoin regulation as its first priority. • Rep. French Hill (R-Arkansas) said the subcommittee is also looking into a privacy statute to protect digital assets. • The subcommittee, chaired by Rep. Hill, has a draft of a…
• Timothy Stranex, co-founder and CTO of cryptocurrency exchange Luno, departed in December to pursue personal projects. • Luno is headquartered in London and has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney. • Simon Ince, former Vice President of Engineering, has taken over Stranex’s role as CTO. Timothy Stranex, the co-founder and Chief…
Bulletpoints: • Digital Currency Group’s (DCG) Genesis Global Trading, partner on a crypto lending product, has been in dispute with the Winklevoss twins’ crypto exchange Gemini • DCG is reportedly looking to sell some of its venture-capital portfolio, worth around $500 million, to pay off Genesis’ creditors who are owed over $3 billion • Lumida…
Bullet Points: • Annualized inflation slowed to 6.5% in December from 7.1% previously. • Bitcoin (BTC) saw a dip in price but remains above $18,000 following the news. • The consumer price index (CPI) slipped 0.1% in December, roughly in line with expectations for a flat reading. The US economy saw a slight dip in…
• The TON Foundation is launching a data storage ecosystem called TON Storage. • TON Storage is a peer-to-peer file sharing system using the TON blockchain, allowing users to store data virtually in perpetuity. • Node operators are incentivized to host files for users through smart contracts on the TON blockchain. The TON Foundation, the…
• Kraken has announced that it will deregister from the Financial Services Agency of Japan and will cease operating in Japan as of January 31. • Users in Japan have until the end of the month to withdraw their holdings, either transferring crypto to another wallet or wiring Japanese yen to a local bank. •…
• Argo Blockchain (ARBK) has avoided filing for bankruptcy protection after agreeing to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. • The miner will also get a new $35 million loan from investor Michael Novogratz’s crypto-focused financial-services firm, which will be secured by Argo’s mining equipment. •…
• According to a report by blockchain intelligence firm Crystal Blockchain, cryptocurrency payments to ransomware hackers only totaled $16 million in 2021, compared to nearly $74 million the year before. • Analysis of on-chain activity shows that crypto services with a high money laundering risk score—meaning they receive funds from scams and cybercrime more often…
• FTX sought a U.S. bankruptcy court’s help amid a battle over ownership of about $450 million worth of stock in Robinhood Markets (HOOD). • At issue are about 56 million shares of the brokerage owned by Emergent Fidelity Technologies Ltd., a corporate entity organized in Antigua and Barbuda and 90% controlled by former FTX…