• The U.S. Securities and Exchange Commission (SEC) has issued crypto exchange Coinbase a Wells notice, warning that it may face enforcement action over potential violations of U.S. securities law. • Brett Quick from the Crypto Council for Innovation sees the upshot as clearer rules for digital-asset firms. • The silver lining is that this will set some rules of the road for crypto to comply with, according to Quick. SEC Warns Coinbase Over Potential Securities Law Violations The U.S. Securities and Exchange Commission (SEC) has issued crypto exchange Coinbase a Wells notice, warning that… Read Article →
Monthly Archives: March 2023
• John Knopf is an Emmy Award-nominated photographer and early adopter of crypto. • He co-founded FOTO, a collective geared at training artists to work in Web3. • In 2021, Time magazine partnered with FOTO on its own NFT drops. John Knopf: An Emmy Award-Nominated Photographer John Knopf is an Emmy Award-nominated landscape photographer who works for National Geographic. He was an early adopter of crypto, coming into the space during the heady days of the NFT bull market thinking he could make a “quick buck”. However, he soon became enthralled with the potential of… Read Article →
• MakerDAO’s DAI stablecoin founder Rune Christensen has called for a rebranding of the token to make it more understandable to “normal people”. • He believes the current branding may be impeding its growth, and that a new name with “USD” in it should be considered. • The discussion of a rebranding is part of MakerDAO’s decentralization plan, named “Endgame.” FinanceMakerDAO Founder Calls for Rebranding of DAI Stablecoin Rune Christensen, the founder of Ethereum’s MakerDAO, said on a call with community members that DAI suffers from bad branding that could be slowing its growth. He… Read Article →
• The bitcoin mining industry has seen a resurgence in activity due to a rally in bitcoin’s price. • Lower energy costs have also helped miners get back on their feet. • Publicly traded bitcoin mining firms have outpaced bitcoin this year, with some stocks up as much as 693%. Bitcoin Miners Rebound from Crypto Winter The bitcoin mining industry is slowly recovering from the brutal crypto winter of 2020-2021. After seeing several bankruptcies and fire sales, the recent surge in bitcoin’s price has provided some relief for miners. Additionally, lower energy costs over the… Read Article →