The cryptocurrency landscape is a tempest of innovation. Major regulatory reform, rapid institutional adoption and a fast-changing commercial environment are all contributing to a perfect storm. From the White House's comprehensive digital asset policy blueprint to the SEC's evolving stance on crypto staking and onchain finance, the regulatory environment is...
In the eye of a market hurricane Coinbase’s recent plunge into DEX integration looks more like a high stakes gamble than a careful step. The allure of increased asset access and direct on-chain trading is undoubtedly exciting. To me, it feels like they are driving through a regulatory minefield with...
Coinbase’s foray into the decentralized exchange (DEX) world is certainly audacious. Adding DEX trading directly into their app, which would be built on top of their own Base network, seems like a long-term strategic chess move. Yet, for all the fanfare this may evoke, is it really a checkmate, or...
Over the last several years, Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) have taken the world by storm. They have planted themselves firmly in our collective imagination alongside investors, artists, and technologists. Yet, this emerging space is still very much in the Wild West of Finance era. That’s a big...
The New York State Department of Financial Services (NYDFS) responded by handing Paxos a stiff $26.5 million fine for its violations related to the Binance partnership. This punishment is nothing like a regulatory slap on the wrist. In the end, this is the most stark wake-up call. If we want...
Paxos Trust Company will pay $26.5 million to the NYDFS. This payment settles allegations over its former compliance with Binance. In its cease and desist order, the New York financial services regulator claimed that Paxos Trust also failed to exercise sufficient due diligence over Binance. This penalty addresses violations resulting...
The New York State Department of Financial Services (NYDFS) recently announced a $26.5 million fine against Paxos. This $4.3 billion civil monetary penalty is for compliance failures related to Binance. In a quick look, it might appear to be a far-off rumbling. A tale limited to the shiny ivory towers...
Have we been sleepwalking into a crypto prediction market regulatory catastrophe? For all of their many flaws, we admire the brilliance and the sheer chutzpah of these platforms. Are we really ready for the collateral damage from our regulatory overreach rubber stamp? Let's be clear: I'm talking about platforms like...
The cryptocurrency market is in an exciting period of positive momentum and regulatory maturation. More altcoins are riding the bullish wave from the past week, and a few have dropped drastically below last week’s prices. Coinbase is in advanced talks to acquire CoinDCX. Ethereum ETFs are still getting huge inflows....
Nathaniel Chastain’s fraud conviction was just vacated last week. This outrageous turn of events should alarm every market-watcher in the crypto world. It's not about whether Chastain is innocent or guilty; it's about the gaping hole in our regulatory framework that this case has brutally exposed. Yet we’re attempting to...