Archive for month: March, 2024
House Republicans Demand SEC Explain What’s Up With Crypto Platform Prometheum
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets.Source
‘We’ve Seen Breakdowns of Trust’: Nathan Schneider on How to Democratize the Web
The activist’s new book “Governable Spaces” explores ways blockchains can help people experiment with self-governance online.Source
Galaxy Digital’s Strong Earnings Will Carry Into Current Quarter, Analyst Says
Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said.Source
Insurance Broker Marsh Introduces $825M Crypto Custody Coverage
The new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC).Source
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
Hong Kong’s financial regulator, the Hong Kong’s Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence.Source
Internet Computer’s 40% Rally Led CoinDesk 20 Gainers Over Past Week: CoinDesk Indices Market Update
Layer-1 Blockchain WAX Signs Deal With Amazon Web Services
Layer-1 blockchain Worldwide Asset Exchange (WAX) signed a deal to use Amazon Web Services (AWS) and integrate the WAX network into the Amazon Managed Blockchain (AMB) service.Source
New Hampshire Has a Better Approach to DAOs
The state’s proposed law would grant legal personhood and limited liability for participants of decentralized autonomous organizations (DAOs).Source