Crypto News
Anvil Launches DeFi Protocol for Letters of Credit
Payments remain the big unsolved use case of the internet. When we buy something online, we generally use a traditional payment method, like a credit card, which isn’t “native” to the experience. Your ability to transact with a merchant is verified by a third-party (like a bank), which raises costs and adds a lot of inconvenience for buyers and sellers.Despite the huge growth of commerce online in the last three decades, most transactions occur outside of the browser. Marc Andreessen, who created Netscape, has referred to this as the internet’s “original sin.” “One would think it was the most obvious thing to do to build into the browser the ability to spend money, but you may have noticed that didn’t...
Ivanka Trump Slams ‘Unauthorized’ Meme Coin as Donald’s Solana Token Slumps
Donald Trump's TRUMP token is down Thursday as daughter Ivanka takes aim at an unofficial Solana meme coin named after her.Source link
Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins
The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins. Joint Management of Stablecoins The Taiwanese Financial Supervisory Commission (FSC) is set to unveil a draft bill for virtual asset service providers (VASPs) in June. According to aSource link
Binance Labs Gets Major Overhaul With CZ Taking Active Role in Investments
Binance Labs, the former investment arm of exchange giant Binance, gets a major overhaul under a new name, YZi Labs, with former Binance CEO Changpeng "CZ" Zhao being closely involved in the operations, the firm announced on Thursday.The rebrand means that the investment firm turns from being the exchange's venture capital arm into the family office of CZ and Binance co-founder Yi He, Bloomberg reported."Under this rebranding, will take a more active role in investment activities, directly engaging with founders and offering mentorship and coaching," YZi Labs said in an X post. The firm also expands its investment focus beyond web3 to artificial intelligence and biotech.Zhao co-founded and led Binance to become the world's top crypto exchange by trading...
A New (Digital) Age at the SEC
As technology evolves, the U.S. Securities and Exchange Commission (SEC) must evolve with it. Nowhere is this truer than in crypto, and now: The market for crypto assets has grown in size and sophistication such that the SEC’s recent harmful approach of enforcement and abdication of regulation needs urgent updating.While the long-term future of the crypto industry in the U.S. will likely require Congress to sign a comprehensive regulatory framework into law, here are 6 steps the SEC could immediately take to create “fit-for-purpose” regulations – without sacrificing innovation or critical investor protections.#1 Provide guidance on ‘airdrops’The SEC should provide interpretive guidance for how blockchain projects can distribute incentive-based crypto rewards to participants — without those being characterized as securities...