US bill set to demand know-your-customer from crypto companies
Top blockchain and crypto news: US senators push for crypto KYC. SBF faces the music in US courts. Alibaba Cloud to launch blockchain node.
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US Senator Elizabeth Warren submits crypto know-your-customer bill in wake of FTX collapse
As U.S. prosecutors line up charges against Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, Senator Elizabeth Warren is seeking to pass bipartisan regulation to rein in the “dark underbelly” of the crypto industry.
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Sam Bankman-Fried in Bahamas police custody, faces criminal charges in U.S.
Top blockchain and crypto news: SBF denied bail, US extradition likely next. The Block chief quits over secret FTX loans. Hong Kong readies digital asset rules.
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DeFi regulation: it’s not a matter of if, but when
The push to regulate DeFi is stronger than ever, and the sector would be wise not to fight but participate in that inevitability, writes Michael Shing of XREX.
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DeFi protocol Ankr to buy US$5 mln of BNB to cover funds lost in exploit
Decentralized finance (DeFi) protocol Ankr will buy US$5 million worth of BNB – the token of cryptocurrency exchange Binance – to compensate liquidity providers affected by Friday’s exploit
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Kraken pays over US$360K to US Treasury to settle Iran sanctions allegations
U.S.-based cryptocurrency exchange Kraken has agreed to pay over US$362,000 to settle claims that it violated sanctions against Iran, the Treasury said Monday.
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NFT platform, art collective launch collaboration in aid of Ukraine
NFT platform laCollection has launched a series of collaborations with international artists to raise funds for Ukrainian cultural institutions.
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Why the crypto bear market can be a bull for innovation
The market may be in the doldrums, but there’s no better time to clean house and build for the future, writes Clayton Roche of UMA. Here are 5 areas of opportunity.
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Markets: Bitcoin, Ether prices rise; BNB little changed following BSC hard fork
Bitcoin gained in Thursday morning trading in Asia, with the world’s largest cryptocurrency holding above support at US$19,000. Ether, second on the list of top 10 cryptocurrencies by market capitalization, excluding stablecoins, also gained. Other coins on the top 10 moving higher included Solana, XRP and Tron. Cardano fell. See related article: Binance to hard…
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A bear market may be painful, but it’s good for DAOs
When times are tough, a DAO must trim fat and focus on providing a better product or service to its community, writes Redmption of Harvest Finance.