In its latest salvo against crypto, the United States Securities and Exchange Commission (SEC) has called popular cryptocurrencies such as Solana (SOL), Polygon (MATIC), and Cardano (ADA) unregistered securities.
Bitcoin
ZEBEDEE And Fiatjaf Launch Nostr Social Media Client
ZEBEDEE and Nostr co-creator Fiatjaf have launched the ZBD app, touted as the most decentralized social media yet. The app is built on Bitcoin, allowing users to own their content and send microtransactions.
Ethereum
Vitalik Buterin Unveils Roadmap For Ethereum’s Future
Ethereum co-founder, Vitalik Buterin, has unveiled a roadmap for Ethereum’s future. The roadmap consists of three significant technical transitions, which according to Buterin, are crucial for ensuring the long-term success of Ethereum.
Optimism Prepares For Bedrock Upgrade
Ethereum Layer-2 scaling solution Optimism unveiled its Bedrock upgrade on the 6th of June. The step is a significant stride in Optimism’s vision of becoming a utility-oriented Superchain with lower gas fees and faster transaction finality.
DeFi
Federal Judge Dismisses Lawsuit Against PoolTogether
A federal judge has thrown out a lawsuit against decentralized finance (DeFi) startup PoolTogether. The judge stated that the federal court system was not the appropriate platform for concerns regarding the startup and its operations.
Technology
Deutsche Telekom Joins Polygon As Validator Node
Technology giant Deutsche Telekom has joined the Polygon blockchain as a validator node as it looks to establish itself as a critical infrastructure provider in the Web3 space.
Russia’s Rosbank Announces Launch Of Crypto Payments Solution
Rosbank, one of Russia’s most important banks, has announced the launch of a crypto payments solution. According to the bank, the payment solution will help facilitate cross-border settlements.
Business
Changpeng Zhao Was Binance.US Shadow CEO, Alleges Brian Brooks
Binance.US former CEO Brian Brooks has revealed that he left his position as CEO in court documents submitted earlier in the week. Brooks stated that after a point of time, it became clear that Zhao was the CEO of BAM Trading.
Circle Obtains Major Payment Institution License
Circle Internet Singapore Pte. Ltd. has revealed that it has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This will allow Circle to offer users in Singapore digital payment services, cross-border money transfer services, and domestic money transfer services.
Regulation
Australia’s Commonwealth Bank Restricts Payments To Certain Exchanges
Australia’s Commonwealth Bank has announced the implementation of new processes designed to protect customers from possible scams associated with certain cryptocurrency exchanges.
Draft Bill Proposes Clear Roles For SEC And CFTC
A draft bill introduced by Republican lawmakers Glen Thompson and Patrick McHenry aims to define clear roles for the Securities and Exchange Commission and the CFTC. It also charts out a clear regulatory plan to enable the trading of digital assets on conventional platforms.
SEC Alleges SOL, ADA, and MATIC Are Unregistered Securities
The United States Securities and Exchange Commission has called Solana (SOL), Polygon (MATIC), and Cardano (ADA) unregistered securities in its lawsuit against Binance.
Cboe Digital Receives Approval For Margin Trades On Crypto Futures Exchange
The Commodity Futures Trading Commission (CFTC) has given approval to an amended order of registration, clearing the path for Cboe Digital to clear additional products as a derivatives clearing organization.
Will SEC Go After Tether Next?
The Securities and Exchange Commission has gone all guns blazing against crypto recently, targeting some of the most prominent exchanges in Binance and Coinbase. With the SEC looking for a new target, could Tether be in its crosshairs next?
Coinbase CEO Unfazed By SEC Lawsuit
Coinbase CEO Brian Armstrong has revealed that he is unfazed by the SEC lawsuit. Instead, Armstrong has stated that a court battle will help establish much-needed clarity around crypto.
Billionaire Mark Cuban Launches Scathing Attack On SEC
Billionaire Mark Cuban has heavily criticized the SEC for what he calls a clear lack of support for companies trying to comply with securities regulations in the country.
Robinhood Reviewing Crypto Offerings Following SEC Crackdown
Robinhood is reportedly reviewing crypto offerings on its platform as the SEC cracks down on major exchanges such as Binance and Coinbase.
UK FCA Announces New Crypto Marketing Rules
The UK Financial Conduct Authority has announced a new set of crypto marketing rules, which are set to take effect from the 8th of October.
Did Gary Gensler Want To Join Binance?
Binance lawyers have alleged that current SEC Chair Gary Gensler discussed the possibility of an informal advisor for the crypto exchange in 2019.
UK Announces Ban On Airdrops And Free Promotional NFTs
The Financial Conduct Authority has announced the prohibition of free promotional NFTs and crypto airdrops in a new set of stricter marketing rules announced earlier in the week.
NFTs
Louis Vuitton Debuts New NFT Collection
Luxury fashion house Louis Vuitton has announced the launch of a new NFT collection called Treasure Trunks, exclusively for its top customers.
Web3
Ankr Launches Enterprise RPC Services On Azure
Web3 developer hub Ankr has announced the official launch of Enterprise Remote Procedure Call on Microsoft’s Azure Marketplace.
Security
Elliptic To Integrate ChatGPT
Crypto risk management firm Elliptic has revealed that it would be integrating ChatGPT for its risk management and intelligence-gathering operations.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2023/06/crypto-weekly-roundup-secs-view-on-sol-ada-matic-and-more