Robinhood says it’s cooperating with SEC following subpoena over cryptocurrency services
Robinhood says it’s cooperating with an SEC investigation into the company’s trading and handling of cryptocurrencies.
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Why the Hermès verdict was a big win for major brands and phygital commerce
The Metabirkins case makes clear that NFT trademarks belong to the original creator, bolstering future profit-making opportunities for fashion houses as well as other companies, writes Justin Banon of Boson Protocol.
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Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far
Bitcoin remained resilient around the US$24,000 level on Tuesday despite Wall Street’s worst day of the year so far. Industry experts are eyeing a potential retest of the US$25,000 psychological level, as a failure to reclaim it may result in a downtrend to around US$21,500.
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SEC has to clarify what’s permissible for staking, former CFTC chair says
It remains unclear whether the U.S. SEC’s enforcement action against cryptocurrency exchange Kraken represents a broader crackdown on staking, according to Timothy Massad, former Commodity Futures Trading Commission chairman.
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Crypto exchanges face an existential challenge. What can bring users back?
Amid the rubble of FTX and other centralized exchanges, cross-chain technology and on-chain trading offer more trustworthy alternatives, writes Simon Harman of Chainflip.
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Hong Kong’s new crypto regulation may lure Web3 firms back, experts say
Hong Kong’s proposed crypto licensing regime received Huobi Global’s pledge to return to the city, and more companies may follow, industry experts told Forkast.
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Centralized crypto exchanges are dying, so long live centralized crypto exchanges?
Multi-billion dollar bankruptcies, fraud allegations, scandal, and plunging cryptocurrency prices in 2022 all characterized why investors came to distrust centralized exchanges. Yet, some commentators expect platforms to become ever more centralized … and regulated.
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Polygon Labs cut 20% of workforce
Polygon Labs is firing 20% of its workforce, or about 100 positions, as part of its business consolidation.
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How Web3 in China is taking shape — with ‘Chinese characteristics’
What makes Web3 compelling to many is its promise to shift power from centralized players to individual users, but China is doing the opposite, writes Lily King.
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Philippine province taps blockchain technology, eyes tokenization
The Philippines’ Bataan province wants to streamline systems and procedures of government services through blockchain technology and tokenization, Bataan Governor Joet Garcia told Forkast.