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Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s l...
02/10/2022

Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s lack of enforcement authority in the digital asset space.

At a Wednesday hearing titled “Examining Digital Assets: Risks, Regulation, and Innovation,” Behnam told lawmakers with the Senate Committee on Agriculture, Nutrition, and Forestry that the CFTC’s authority was currently limited to addressing fraud and themanipulation of digital assets without a clear regulatory framework. The CFTC chair added that because there was currently a patchwork of regulation and enforcement authority across multiple government agencies, the bulk of the agency’s actions taken in the last seven years “have largely relied on tips and whistleblowers” who brought crypto scams and other illicit activities to the CFTC’s attention.

CFTC chair Rostin Behnam addressing Senate Agriculture Committee on Feb. 9

Crypto exchange Coinbase (NASDAQ:COIN) has filed for a political action committee reportedly to support "crypto-forward ...
02/10/2022

Crypto exchange Coinbase (NASDAQ:COIN) has filed for a political action committee reportedly to support "crypto-forward lawmakers" ahead of the 2022 midterm elections in the United States.

According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress.

02/09/2022

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The developers of Polkacity took the hard route in creating a metaverse. They decided to build a metaverse that follows ...
02/09/2022

The developers of Polkacity took the hard route in creating a metaverse. They decided to build a metaverse that follows similar rules to real-life. This means that while such metaverses as The Sandbox, for instance, provide a toolbox for creativity à la Minecraft, Polkacity is more looking to become a GTA of the crypto world, metaphorically speaking.

Recently, the developers introduced in-game art galleries, thereby implementing their own version of a gig economy, and showed off how they work. The team claimed that they had collaborated with a number of digital art creators, the full list of which will apparently be published in the future.

All of the NFTs will be available for purchase within the metaverse itself using POLC, and the galleries will support collection packs as well as functional art. Transactions will be conducted via smart contracts for the sake of security.

Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition...
02/09/2022

Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation.

In a Monday announcement, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase (NASDAQ:COIN), BitMEX and CrossTower said they would be launching the Crypto Market Integrity Coalition, or CMIC, asking all other companies involved in the crypto space to follow their example. According to the CMIC, members must pledge to encourage “a fair digital asset marketplace to combat market abuse and manipulation and promote public and regulatory confidence” in crypto.

Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,...
02/09/2022

Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022.

At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively.

The case for ETH
ETH saw a 1,564% annual growth rate in 2021 from 2020, according to FSInsight.

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