Banking
BNY Mellon’s crypto custody venture runs afoul of SEC rules
The SEC's accounting rules pose a challenge to BNY Mellon's crypto custody business.
Samuel Wan Recent Articles
Layer-2
Mercury Wallet is pitching itself as Bitcoin’s answer to scalability, privacy
Developer Nicholas Gregory thinks Mercury Wallet could be the answer to personal privacy during a time of governmental overreach.
Web3
EMURGO, AID:Tech team up to bring Web3 on-chain reputation to Cardano
AID:Tech plans to develop digital identity solutions for volunteers to aid positive social impact via the Cardano chain.
Scams
Dogechain developer wallet caught dumping 1 million tokens a minute
So far, the Dogechain Twitter has not addressed concerns of token dumping just one day after DC airdrop distribution.
Adoption
US has highest number of crypto owners, but Vietnam is top for percentage of ownership
Crypto ownership is predicted to rise with 4.2% of the world's population already on board, and in the case of Vietnam, adoption is utility driven.
Culture
Dennis Porter suggests alternative student loan forgiveness program using Bitcoin
Former political advisor Dennis Porter wants to wipe out student debt using time-locked smart contracts holding Bitcoin.
Stablecoins
Tether may be in violation of US sanctions on Tornado Cash
Tether CTO Paolo Ardoino said the company is not obligated to comply with U.S. sanction rules. But this stance puts Tether at "legal risk."
People
Hoskinson shuts down talk of ‘hush-hush culture’ over stalled Vasil upgrade
Developer Sebastien Guillemot tweeted that engineers working on Cardano are muzzled from speaking about issues — an allegation Charles Hoskinson dismissed.
People
Crypto community balks at SEC Chair Gensler’s assertion that regulation for capital markets, crypto should be same
Gary Gensler slammed non-complying crypto firms saying 1930s securities law applies regardless of how a product is packaged.
Mining
Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge
A poll on which Proof-of-Work coin Ethereum miners will switch to next showed Ergo taking almost half of the votes.
Analysis
Bitcoin and Ethereum futures are re-exerting dominance over spot markets
Bitcoin and Ethereum futures traders have returned, suggesting belief that the Terra fallout has unwound.
Stablecoins
Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST
The TRON founder said multiple backing assets and an over-collateralized reserve mean USDD is not prone to the same vulnerabilities as UST.
Taxes
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
