Coinbase vs. US SEC
– Coinbase CEO Brian Armstrong claims that the SEC requested the cessation of all cryptocurrency trading on the platform, except for Bitcoin.
– Coinbase clarifies that the SEC did not request the delisting of any particular assets prior to the litigation.
– Coinbase petitions a federal judge to dismiss the SEC’s lawsuit, questioning the SEC’s jurisdiction.
Coinbase Forges On
– Coinbase launches its layer-2 protocol Base for developers and plans to make it accessible to all users.
– Coinbase’s Q2 report reveals net revenue of $663 million and improved financial performance compared to the previous quarter.
– Coinbase remains committed to the U.S. market and adhering to regulatory requirements.
SEC Intensifies Crackdown on Crypto Scams
– Authorities investigate a LinkedIn crypto scam that defrauded a man of $9 million.
– The SEC files charges against DEBT Box and its executives for orchestrating a $49 million crypto scheme.
– Canada adopts Chainalysis Reactor technology to help scam victims recover their funds.
Curve Finance Recovers $12.7m
– Curve Finance receives a consolidation of stolen assets worth $12.7 million after an exploit.
– The hacker returns the assets in response to Curve’s request.
Demystifying the BALD Collapse
– Wintermute chief of research suggests a possible connection between the creators of the BALD token and a former subsidiary of FTX exchange.
– Speculations about former FTX CEO Sam Bankman-Fried’s involvement in BALD remain unconfirmed.
Kenya Bans Worldcoin as Concerns Mount
– Kenya suspends Worldcoin operations due to investigations on the legality of biometrics data collection.
– Worldcoin unveils plans to expand its iris-scanning and identity-verification technology on an international scale.
FTX Announces Reorganization Plans
– FTX discloses a reorganization strategy to introduce FTX 2.0.
– Former FTX CEO Sam Bankman-Fried faces allegations of intimidating a former colleague.
Hot Take
The regulatory challenges faced by Coinbase and the intensifying crackdown on scams highlight the need for clearer crypto regulations. These developments also raise questions about the involvement of prominent figures in the crypto industry in potentially fraudulent activities. It is crucial for the industry to address these concerns and work towards establishing a secure and transparent crypto ecosystem.