Coinbase’s Paul Grewal says SEC proposed custody rule ‘unnecessarily singles out crypto’
Coinbase’s Paul Grewal says SEC proposed custody rule ‘unnecessarily singles out crypto’Coinbase suggests a more inclusive approach to qualified custodians and a unified possession or control standard for crypto assets for SEC's proposed custody rules.
Happy Tuesday!The global crypto market cap is $1.14 trillion with a 24-hour volume of $38.21 billion. The price of Bitcoin is $27,658.37 and BTC market dominance is 46.9%. The price of Ethereum is $1,850.64 and ETH market dominance is 19.5%.
Latest NewsCoinbase’s Paul Grewal says SEC proposed custody rule ‘unnecessarily singles out crypto’
Coinbase suggests a more inclusive approach to qualified custodians and a unified possession or control standard for crypto assets for SEC's proposed custody rules. Binance’s NFT marketplace to support Bitcoin OrdinalsThe total number of Bitcoin NFTs spiked above 5 million earlier today after a recent surge in activity, according to Dune analytics data. Microsoft, Goldman, others partner for privacy-enabled blockchain Canton NetworkCanton Network would launch in July when the network participants would test its interoperability capabilities. ‘Kim Jong-Un’ gets approved for Gate.io crypto accountGate.io's account verification has come under scrutiny after ZachXBT tested its KYC process. OKX sends over $60M in crypto to Alameda’s walletCrypto exchange OKX made 16 transactions — which included 10 deposits of $5 million USDT — to the bankrupt firm’s wallet. Crypto investment products recorded over $50M in outflows – almost all from BTCBitcoin-based investment products lost $54.9 million as the overall market closed at outflows for the third consecutive week. Block Size War 2.0 heats up as Bitcoin SV spikes 33%Bitcoin SV proponents maintain that BSV's bigger block size and lower fees make it a better Bitcoin than BTC. DeBridge launch trading infrastructure product without liquidity poolDeBridge's DLN API is asset-agnostic, meaning users can send any crypto asset across the trading infrastructure. CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network feesThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Bitcoin transaction fees surge to 24-month high amid BRC-20 memecoin maniaThe average Bitcoin transaction fee has surged to a massive $30.91 in light of degens aping into BRC-20 tokens. SBF says most charges against him ‘suffer from multiple legal flaws’Sam Bankman-Fried's lawyers argue that the charges against him "suffer from multiple legal flaws" or were "improperly premised."
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Coinbase is considering UAE for its international hub
Monday, May 8, 2023
Coinbase CEO Brian Armstrong praised United Arab Emirate's (UAE) progressive regulatory efforts in the crypto space.
Britain’s fourth largest newspaper offers free King Charles coronation NFTs
Saturday, May 6, 2023
The Evening Standard is allowing Nifty Gateway users to mint their own cryptocollectible featuring the famous St. Edwards Crown.
US presidential candidate supports Bitcoin, criticizes CBDCs
Friday, May 5, 2023
There is a growing list of US politicians taking a stand against CBDCs, with many citing risks of financial censorship.
President Bukele eliminates all taxes on tech innovations
Thursday, May 4, 2023
El Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status.
Mashinsky argues Celsius Earn account are not securities
Wednesday, May 3, 2023
Under Chair Gary Gensler, the US SEC has filed charges against crypto firms with interest-bearing product similar to that of Celsius.
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