1/ Part 1 of an breakdown into how @TraderNJ1@PetaByteCapital have deceived multiple projects by leveraging the names of other influencer to obtain free tokens from CBOT and BABYSHIB to dump on followers undisclosed.
.@Coinbase is the first crypto firm to get the gold-standard registration as a futures commission merchant, even as it remains in a legal battle for its life. https://t.co/2Xs8K3pZgU
Deeper dive on L2->L1 and cross-L2 reading. Much more technical than the previous post, but gets into some ideas on how it could be implemented.
There's a lot of value in identifying better strategies for L1 <-> L2 interactions and standardizing them.
https://t.co/oGUlHqiU0E
🇺🇸 SEC says #Coinbase made "billions of dollars unlawfully facilitating the buying and selling of crypto asset securities."
“#SEC sues Coinbase in NY federal court for offering unregistered securities”
Full disclosure I’m a shareholder https://t.co/fuWp0Zqm3h via @cointelegraph
OK. Had some time to read the #SEC charges against #Binance.
First, I believe they are trying to get ahead of any issues rather than waiting for the issues to cause a blow up like FTX / Celsius. SEC has learnt from mistakes. I’m not staying Binance will blow up as they probably have enough money to fix many issues IMO, but I have no way to know this as the data is not public.
Here is what they are alleging & what I think the message is to other operators for our industry to move forward in the US:
Self-custody is important. And social recovery and multisig is a great way to do it.
A quick reddit post on how I think about choosing guardians for social recovery and multisig wallets:
https://t.co/FY1iyJ6BFC
Here comes the regulator
#kucoin Failed to register as securities and commodities B/D and provided earn programs
#Crypto#regulation
https://t.co/784vJDkNFz
1/5 First of all, we did help coordinate the purchase of a MechMind for 125,000 ETH. This makes it the most expensive (In Eth terms) NFT sold on chain EVER. We did this for publicity and to bring attention to the need for marketplace Mins. This adversely affects all marketplaces
Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.
Labeling everything "security" is not the way to regulate this market. The nature, market structure, risks between traditional securities and cryptocurrencies are different. There should be another set of rules and regulations for cryptocurrencies and just for cryptocurrencies.