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Outrage as SEC Claims All Ethereum Transactions Happen in USA
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As ETH dropped and the SEC loomed, the NFT community celebrated the first International NFT Day on Tuesday.
The price of Ethereum was reeling this week after predictions that the merge would be a “buy the rumor, sell the news” scenario largely played out.
Over on Crypto Twitter, people continued to discuss the network this week after U.S. Securities and Exchange Commission (SEC) Chief Gary Gensler redoubled his offensive against crypto, also aimed at Ethereum.
It’s becoming increasingly evident that Gensler views Ethereum as a security. And on Monday, when the agency filed a federal lawsuit against crypto influencer Ian Balina, it put out an even more extreme view: that the U.S. government has jurisdiction over all Ethereum transactions, according to the SEC’s logic, because most of the network’s validator nodes are clustered in the U.S. Read More
There it is
The supermassive black hole sized bad take at the heart of the Balina filing
h/t @LordBogdanoff
— laurence (@functi0nZer0)
2:47 PM • Sep 19, 2022
Illustration by Philip Smith for Forbes
Helium was touted as the best real-world use case of Web3 technology. But as it struggles to generate revenue, a Forbes investigation found that executives and their friends quietly hoarded the majority of the wealth at the project's inception.
Even for someone skeptical of crypto, Helium’s pitch was hard for Dulce Davis to ignore.
Backed by investors Andreessen Horowitz and Tiger Global, the $1.2 billion Web3 company said it was building the “People’s Network,” a global wireless internet connection for objects like parking meters and dog collars. All Davis had to do was spend $500 on a machine that looked like a wifi router, plug it into her wall and receive Helium’s cryptocurrency in return — a recurring passive stream of income. One Helium investor claimed that owners could recoup their purchase in a few weeks. Read More
California Governor Gavin Newsom (Jerod Harris/Getty Images for Vox Media)
California Governor Gavin Newsom (D) vetoed a crypto licensing and regulation bill seen as a possible West Coast version of New York's "BitLicense" on Friday.
Assembly Bill 2269, sponsored by Assemblymember Tim Grayson (D), would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money transmissions are currently overseen by the Money Transmission Act. It was one of eight bills Newsom vetoed Friday, He signed 21 other bills, addressing issues ranging from crossing signals to cybersecurity to infrastructure concerns. Read More
The Pentagon, Washington DC (David Mark/Pixabay)
Inca will develop a crypto ecosystem mapping tool to analyze crypto financial data and risk.
The Defense Advanced Research Projects Agency (DARPA) has contracted digital asset data and analytics provider Inca Digital to research national security risks posed by cryptocurrency.
DARPA, the research and development agency of the U.S. Department of Defense, plans to analyze activity related to financial applications of distributed ledgers.
The agency has awarded Inca Digital a Phase II Small Business Innovation Research (SBIR) to conduct this research in a project labelled "Mapping the Impact of Digital Financial Assets." Read More
Photographer: T. Schneider/Shutterstock
Alameda Research is a little-scrutinized power player in virtual currencies. As its influence grows, so do concerns over a potential market advantage
To the uninitiated, Alameda Research sounds more like a Silicon Valley robotics lab than a crypto trading powerhouse.
Even as its billionaire co-founder Sam Bankman-Fried graces the pages of Vogue and Vanity Fair, and sister company FTX spends millions stamping its logo on stadiums and sports gear, the Bahamas-based quant shop is barely known outside of crypto circles. Read More
Analytical Data
Hodlers have been moving their #Bitcoin out of exchanges like never before following this summer's collapse of major crypto lenders.
NBC News
But he also said residents should carefully consider conditions before evacuating.
Forecasts now show the storm path for Tropical Storm Ian shifting west toward the Panhandle away from Southwest Florida. But Gov. Ron DeSantis stressed a similar message as meteorologists: Essentially, no one knows for sure the eventual path of the storm.
“It’s important to point out to folks that the path of this is still uncertain,” DeSantis said at an 11:30 a.m. press conference on Sunday. “The impacts will be broad throughout the state of Florida.” Read More
Chief Executive Officer Brian Armstrong of Coinbase speaks at Consensus 2019 (CoinDesk)
The trading platform's CEO Brian Armstrong says the company wants to help pro-crypto candidates solicit donations from the crypto community.
Coinbase (COIN) wants to let U.S. users track how crypto-friendly their local politicians are through its trading app.
In August, Coinbase launched a policy education initiative that included a voter registration tool. The initiative will now be incorporated into the company's crypto trading app, the company's CEO Brian Armstrong said in a series of tweets on Wednesday.
With the integration, U.S. users will be able to see "crypto sentiment scores" for members of Congress and register to vote directly via the app. Read More
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