The same week that the SEC Chairman Gary Gensler practically begs the US Congress to put regulatory oversight for bitcoin and ether under the jurisdiction of the Commodity Futures Trading Commission, the Biden administration puts out language that says proof-of-work is bad, because ESG.
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CLOSING THOUGHTS:
Recommended Viewing
Reports:
What the Ethereum Merge means for the blockchain’s layer-2 solutions
Headlines
Adoption
–Binance, Nigeria in Early Stage Talks to Develop Crypto-Focused Digital Hub
CBDC (are just Surveillance Tokens)
Company / Product / Project News
-[Prime Trust] USDS Stablecoin by Stably Launches on Harmony
CRIMES AND SCAMS
DAO
DeFi and Lending
–Poolin Mining Pool Freezes BTC and ETH Withdrawals, Cites Liquidity Issues
–Voyager To Liquidate Assets at Auction
–40 State Regulators are Opening Celsius’ Books in Search of Fraud
–7 Critical Events in the Celsius Bankruptcy Case
Exchanges
Fundraising and Sponsorships
Gossip
–Human Rights Foundation Donates $325K For Bitcoin Development
–Russia Exploring Stablecoin Settlements With Friendly Nations
–Crypto Lender SALT in Buyout Talks, 2 Years After SEC Settlement
Implementation and Infrastructure
Metaverse / Web3
Mining
–MAKING METHANE REDUCTION PROFITABLE: THE STORY OF DENVERBITCOIN
–HIVE Blockchain to Explore Mining Ethereum Alternatives Ahead of Merge
–Poolin Announces Suspension of Wallet Withdrawals
–White House Criticizes Proof-of-work Crypto Mining
Nation States (and other political jurisdictions)
–UK’s New Prime Minister Advocated for Pro-Crypto Regulations [wolf in sheep’s clothing?]
NFTs
–Marketplace To Refuse Forked NFTs After ETH Merge, Claims OpenSea
Regulation, Legislation & Legal Matters
–IMF Pitches for Comprehensive Global Regulatory Policy for Cryptocurrencies
–OFAC Lawsuit Details Crypto Industry’s Sanction Concerns
–Coinbase Funds Tornado Suit Against Treasury
–Gensler On Board With CFTC Taking Over Bitcoin Oversight
Stablecoins
Taxation
The Wall Street
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