Sébastien Derivaux: “This interview is saddening but thx to @laurashin for having it. Compliance and regulation are good when it serve the common good, but that's no longer the case.”
Brij: “This podcast is a must-listen. It goes against the entire ‘SEC bad’ and “hostile US regulatory regime” narrative surrounding crypto. Thanks @laurashin!”
🏛️ A former Coinbase product manager and his brother settled insider trading charges with the U.S. Securities and Exchange Commission, agreeing to forfeit their profits and pay interest.
⚠️ The U.S. Commodity Futures Trading Commission (CFTC) cautioned companies about potential risks in clearing digital asset transactions, encouraging the development of a full-fledged rule to address these concerns.
🇺🇸 Coinbase CEO Brian Armstrong warned that restrictive US crypto regulations may inadvertently drive innovation to China, thereby strengthening its digital financial systems and challenging the global role of the US dollar.
👩💼 Blockchain data analytics platform Nansen announced a 30% reduction in its workforce to curtail costs amid challenging crypto market conditions.
📉 Crypto exchange Bybit is set to exit the Canadian market on May 31 following new regulatory developments, adding to the list of exchanges that pulled out from the country.
🚫 A Texas bill restricting Bitcoin miners' engagement in energy grid cost-saving schemes was halted at the state house committee stage.
📊 ProShares' Bitcoin futures ETF underperformed BTC significantly this year due to the costs associated with "contango bleed" from rolling futures contracts monthly.
🌍🔋 Stablecoin provider Tether is investing in a sustainable Bitcoin mining and energy production facility in Uruguay, with operations projected to begin by the third quarter of this year.
Today in Crypto Adoption...
🖼️ A new blockchain token standard, BRC-721E, enables users to convert their Ethereum-based non-fungible tokens (NFTs) into Bitcoin-based NFTs.
🚘 Mercedes-Benz NXT, the car maker's Web3 division, partnered with digital art group Fingerprints DAO and Dutch artist Harm van den Dorpel to launch an automotive-inspired NFT art collection, "Maschine."
The $$$ Corner…
🌐 Transak, a Web3 payments startup, secured $20 million in a Series A funding round for global expansion and enhancing onboarding solutions for Web3 applications.
🎙️ Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
💬 A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!
📰 Transcripts of all the shows, for subscribers only.
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