Seven times that US regulators stepped into crypto in 2020
From capping off the era of ICOs to tightening regulations on private wallets, U.S. financial watchdogs waded deeper into the crypto land than ever in 2020. As digital assets made strides toward mainstream status in 2020, the guardians of the incumbent financial system have been working hard to minimize disruption caused by their integration. In the U.S., regulatory and law enforcement interventions throughout the year have left some projects out of business, empowered traditional players to take a closer look at crypto, and sent some unequivocal messages to cryptocurrency service....
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2020 has been the year of DeFi, but not all has gone smoothly with the fledgling financial ecosystem. Unlike in previous years, crypto news in 2020 has not been dominated by major exchange hacks and million dollar Bitcoin thefts. However, there have still been quite a few and most of them have originated from the nascent decentralized finance sector.DeFi has been one of the main drivers of crypto market momentum in 2020 and it stands to reason that the emerging financial landscape has been a magnet for scammers and hackers. Largely unaudited smart contracts coupled with cloned code have....
Crypto exchange Coinbase has been meeting with a number of regulators to convince them that the U.S. should have just one federal regulator overseeing the crypto sector. Currently, there is a variety of different regulators in the U.S., CEO Brian Armstrong explained, noting that Coinbase has “53 regulators in just one country, the United States.”
Coinbase Wants One Regulator in the US
The Nasdaq-listed cryptocurrency exchange Coinbase is pushing for the U.S. to have just one crypto regulator.
“We’ve met with a number of different regulators....
The BTC365 Team – 3rd Aug 2021: Entertainment options in real life have dwindled significantly as part of the global push to keep the COVID-19 pandemic at bay. However, with the rise of remote entertainment, not all is lost. BTC365 is an online gaming platform that has stepped up admirably in these dire times, delivering […]
Bitcoin has for several months now, captured the crown for 2020 as the most profitable mainstream asset of the year. Whatever the reason is behind the unstoppable momentum, the recent divergence between crypto and stocks, and even precious metals, has the leading cryptocurrency by market cap reaching over 16x times the return of the S&P […]
Nonfungible tokens appear to be bubbling again, with marketplace OpenSea now processing more volume daily than it did for the entirety of 2020. Leading NFT marketplace, OpenSea, is now processing more transactions daily than it did during the entirety of 2020. On Aug. 2, Devin Finzer, the co-founder and CEO of OpenSea, tweeted that the platform had processed $95 million worth of transactions in two days. Finzer estimates that OpenSea processed $21 million in volume for the entirety of 2021, a the marketplace appears to have enjoyed an increase in daily transaction value by more than 650....