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🚀 The sushi conveyor belt is expanding! 🍣
Getting any shopping done, Geckos? During his confirmation hearing, Gary Gensler shared some hints on the direction that the SEC would take regarding cryptocurrency regulation. The potential new SEC head stated that: 'Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion but they've also raised new issues of investor protection that we still need to attend to' If confirmed, Gensler would focus on balancing consumer protection against innovation in the financial sector. Gensler, however, emphasizes that the greater challenge is to 'ensure that crypto markets are free of fraud and manipulation'. In today's news, BitMEX's ex-founder may go to trial, Sushiswap (SUSHI) launches on other chains, and the first Banksy NFT is here.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Arthur Hayes Is On the Chopping Block Arthur Hayes, the founder and former CEO of BitMEX, could surrender to US authorities next month, according to a federal prosecutor. Hayes, along with 3 others were charged in October 2020 with violating the Bank Secrecy Act and conspiracy to violate the act. If accepted, Hayes would be on bail and could continue to reside abroad but would be required to travel to New York if and when the case proceeds to the trial phase. TheBlockCrypto | | A Japanese Cross-Chain Buffet has just been Launched While the crypto industry painstakingly waits for L2 solutions, Sushiswap has begun its venture into cross-chain support. The 5 additional chains are xDAI Stake (STAKE), Moonbeam Network, Binance Smart Chain, Polygon (MATIC), and Fantom (FTM). Rising gas costs are fuelling cross-chain expansions out of Ethereum (ETH) and we will likely see mirroring moves by other DEXs Cointelegraph | | Banksy NFT's May Be the New Thing Soon A bunch of crypto enthusiasts bought one of Banksy's pieces entitled 'Morons' for a whopping $100,000. In an interesting twist, the art piece, which depicts an auction house that makes fun of people buying art, was burned in a discreet location in Brooklyn. An NFT was created thereafter which will be sold on the OpenSea market where all proceeds from the sale will be donated to charity - the winning bidder will receive a certificate of authenticity from Banksy's authentication agency, Pest Control. Coindesk |
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| | | | Offline StakingA Qtum protocol allowing non-staking wallets to delegate their address to be staked by an online Super Staker, paying a fee (part of the block reward) for that service. Learn about other Crypto terms here | | | |
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