Hester Peirce Reclaims the ‘Wild West’ for the Crypto Industry

This episode is sponsored by NYDIG. Download this episode On this week’s “Long Reads Sunday,” NLW reads SEC Commissioner Hester Peirce’s recent speech: “Lawless in Austin.” See also: SEC Approves Bitcoin Futures ETF, Opening Crypto to Wider Investor Base “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image…

Tribe Capital to Launch $75M Crypto Fund

Tribe Capital, a venture capital firm with previous investments in Kraken and FTX among others in the crypto sector, is launching a $75 million cryptocurrency fund, sources familiar with the initiative told CoinDesk. The fund initially sought to raise $50 million but strong interest from investors raised the total, according to the sources. San Francisco-based Tribe’s fund will take long positions in early-stage projects, SAFTs (simple agreements for future tokens, a type of investment agreement that developers use to work with investors), yield farming, treasury buys and mining. The fund…

Steam Boots Blockchain-Based Video Games From Its Platform

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link

Market Wrap: Bitcoin Reaches $61K as SEC’s ETF Deadline Nears

Bitcoin rose to $61,000 Friday as traders eagerly anticipate approval of a bitcoin exchange-traded fund (ETF) in the U.S. Enthusiasm for such an approval contributed to a near 6% jump in BTC’s price over the past 24 hours. The U.S. Securities and Exchange Commission (SEC) is reviewing around 40 bitcoin ETF product filings and has multiple decision deadlines to make a decision on futures-linked ETFs starting next week. According to Bloomberg, the regulator is expected to approve at least some of them, clearing the way for an anticipated hike in…

Crypto Finally Makes the Cut in OCC’s 2022 Bank Supervision Operating Plan

The Office of the Comptroller of the Currency (OCC) released its 2022 Bank Supervision Operating Plan on Friday and for the first time, crypto made the cut. In its report, the federal banking regulator listed its 11 supervisory priorities for the fiscal year that ends next September, including cybersecurity, climate change and “fintech partnerships for potential cryptocurrency-related activities and other services.” Though this is the first time the OCC has directly mentioned crypto as a priority, the regulator has been studying crypto for at least three years. Last July, the…

More Prizes, Better Odds and Aggregated Liquidity

“This is something that’s been around and is super popular, and this works way better on a blockchain,” he added. “To really break out, to get to one billion, two billion, ten billion, [dollars] we needed this architecture, and now thousands of people can win each week.” Source link