• U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler believes that proof-of-stake tokens could meet the definition of securities under the Howey Test, thus bringing them under his agency’s regulatory authority. • Gensler argued that securities laws could be triggered because investors anticipate a return when they purchase tokens underpinned by a proof-of-stake consensus…
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Biden’s Budget Plan to Close Crypto Tax Loss Harvesting Loophole • President Joe Biden is expected to unveil a budget proposal on Thursday that includes a provision to close the tax loss harvesting loophole for crypto transactions. • The provision would be expected to raise $24 billion in revenue, by preventing investors from claiming losses…
• BridgeTower Capital announced on Wednesday a turnkey on-ramp for financial institutions to connect with Lido’s staking infrastructure and a security token that allows institutional investors to benefit from Avalanche’s staking rewards. • BridgeTower’s integration with Lido’s system is automated and compliant with regulations, while their security token is issued through Securitize, a regulated platform.…
• The article is about the impact of technology on human life. • It discusses how technology has changed our lives, both positively and negatively. • It also looks at how people can use technology to improve their lives in the future. Introduction The impact of technology on human life is immense and ever-growing. Technology…
• The U.S. Securities and Exchange Commission (SEC) is introducing a proposal that would require investment advisers to use only „qualified custodians“ for their crypto assets. • Coinbase’s Custody Trust Co. and BitGo are among the state-chartered trusts that may be able to qualify under this new rule. • Anchorage Digital Bank, which holds a…
• The article discusses the “golden cross”, a popular technical analysis indicator used by traders to indicate a potential bull market. • It discusses how this indicator is being used in the context of Bitcoin and Ethereum, and its implications for trading strategies. • It also examines the current state of asset prices across a…
• Aptos Labs, the newly launched blockchain built by former Diem developers, has issued a $50,000 grant to a Cornell University professor of computer science. • The grant will be used to fund research in developing an approach to scale the performance of blockchains. • Aptos Labs also announced that Stanford University Professor of Computer…
• Injective, a Cosmos-based layer 1 blockchain, announced a $150 million ecosystem initiative with partners Pantera Capital, Kucoin Ventures, Jump Crypto and Delphi Labs. • The fund will back projects that accelerate the adoption of interoperable infrastructure and decentralized finance (DeFi). • The initiative will offer token and equity investments and operational support for development,…
• Blue, a DeFi-focused startup, has come out of stealth with $3.2M in funding from Blockchange Ventures, Fenbushi Capital, DoraHacks, Knollwood Investment Advisory, Gate.io and Wave Financial. • The company offers products to help with know-your-customer and money-laundering checks. • The funding will be used to complete security audits and expand Blue’s core team. A…
Bullet Points: • Yuga Labs has filed a trademark lawsuit against conceptual artist Ryder Ripps. • Co-creators of Bored Ape Yacht Club NFT series, Wylie Aronow and Greg Solano, will be deposed as part of the lawsuit. • Ryder Ripps has been waging a PR campaign to paint the Bored Apes and related intellectual property…