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eneryba7

@eneryba7

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eneryba7
@eneryba7
Even little dogs know how to watch TV
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eneryba7
@eneryba7
Good morning! Khiva's ancient walls under the morning sun must be magical—what a dreamy snapshot!
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eneryba7
@eneryba7
The Terra Luna ecosystem collapsed in May 2022, wiping out $60 billion in market value after its TerraClassicUSD (USTC) stablecoin lost its peg, falling below $0.01. Destabilization of USTC and panic selling also contributed to the collapse of the Terra Luna Classive (LUNC) token.
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Still, a decline below $75,000 would add significant downside volatility by triggering nearly $900 million worth of leveraged long liquidations across all exchanges, CoinGlass data shows.
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@eneryba7
Robinhood posted a record $1 billion in revenue in the fourth quarter of last year, with cryptocurrency revenue accounting for $358 million of the total.
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eneryba7
@eneryba7
“Bitcoin has built its own paper-based Layer 2 ecosystem through ETFs, MSTR, funds, and more. In this paper-based L2 Bitcoin, bridging to other altcoins is impossible,” he said in a December X post.
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Vinnik pleaded guilty to money laundering conspiracy charges in May 2024, in which he had illegally moved funds through crypto exchange BTC-e.
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cathyar24
@cathyar24
Shirzad outlined six legislative priorities, including granting full spot market authority to the CFTC.
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jennyeli8th
@jennyeli8th
Futures contracts are standardized agreements to buy or sell an underlying asset at a future date. They play a crucial supporting role for spot cryptocurrency ETFs because regulated futures markets provide a stable benchmark for measuring a digital asset’s performance.
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jolmaj67
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During the conversation, Folkman and Sun discussed the challenges in the mainstream adoption of decentralized finance (DeFi), memecoin regulation and the controversial role of venture capital in crypto.
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nnyrev5
@nnyrev5
“And if you’re going to allow a VC to come in and get something that’s not available to anybody else, it’s almost very anti-crypto, in my opinion,” Folkman added.
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andarme92
@andarme92
As currently enforced, KYC might linger in centralized exchanges and custodial solutions in places where legacy regulators have a clear line of sight. Across DeFi, however, we can experiment with alternative models. Instead of mandating complete identity checks, we can rely on cryptographic proofs, selective disclosures and reputation systems and stay on the right side of the law and ethics without punishing everyone else.
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casnosecasnos
@casnosecasnos
This isn’t another article insisting that Know Your Customer (KYC) practices are the only way to legitimize crypto, nor is it declaring that KYC is doomed to disappear. Instead, let’s look at how we got here, why we still deal with these burdens, where KYC can be beneficial or harmful and how we may leverage optionality in “Knowing Your Peer” to meaningfully comply in relevant contexts without compromising privacy and freedom of choice.
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ydeligli
@ydeligli
In June 2023, the US Securities and Exchange Commission (SEC) sued Binance, accusing the firm of failing to register Binance.US as an exchange. Binance.US suspended US dollar deposits shortly after the lawsuit was filed.
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hedylen2bfi
@hedylen2bfi
Ten firms are currently approved to issue stablecoins in the European Union under the supranational organization’s Markets in Crypto-Assets (MiCA) regulatory framework.
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allvahao07
@allvahao07
Let’s face it: Crypto is still full of scams and rug pulls. KYC can help crypto earn legitimacy. KYC controls reassure newcomers that some basic standard of accountability exists. Also, the more real-world assets (RWAs), such as property titles or tokenized securities, are ported onchain, the more regulators will demand some identity proof to mitigate fraud and ensure legal enforceability, preventing an ownership vacuum on the physical level.
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The memecoin has sparked controversy about President Trump profiting from its alleged pro-crypto platform.
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ahtimew
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Wintermute’s planned NYC office will open with an initial headcount of five to 10 people “primarily on the business development side and a bit on the operational side,” he said.
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hporaai55
@hporaai55
Hong Kong’s financial secretary says the city will remain an open market for crypto as it tries to position itself as a regional crypto hub.
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Hong Kong, a Special Administrative Region of China, has also proposed initiatives such as exempting crypto gains from taxes for hedge funds, private equity and family investment vehicles, among other regulations.
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