Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas.Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform … [Read more...] about Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight
Fight
Filecoin Might Have a Way for Bitcoin to Fight Its Energy Critics (if Miners Use It)
“There’s no proof-of-stake version in which the energy to store files goes to zero,” Ransil said, alluding to the non-mining consensus mechanism used to secure newer blockchain networks. “Using Filecoin is always going to use a fair amount of energy. So we want to set up our ecosystem to demand renewable energy. It should make us a player in energy markets, and act as a … [Read more...] about Filecoin Might Have a Way for Bitcoin to Fight Its Energy Critics (if Miners Use It)
Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country.Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday.“A CBDC would be one of the tools to fight crypto,” … [Read more...] about Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It
The best way to resolve this problem would be to break the category “digital assets” up into three types: stable digital assets (stablecoins and LTDA), non-stable fungible coins (bitcoin, ether, dogecoin, etc) and non-stable non-fungible coins (NFTs). The monetary threshold for triggering a Form 8300 reporting requirement, currently set at a flat $10,000, should be indexed to … [Read more...] about Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It
Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry
Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC).My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin … [Read more...] about Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry