Author: American Coins & Gold

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.

Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security
EigenLayer’s platform for “restaking” is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators.

Ethereum ‘Restaking’ Worries Vitalik Buterin. Here’s Why
EigenLayer’s platform for “restaking” is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators.

Sam Bankman-Fried Is Now in Jail
It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”

Avalanche Foundation Provides M in AVAX Tokens to Dexalot
The grant is part of Avalanche’s Multiverse initiative, an incentive fund that aims to push the growth of new subnets.

Just-Launched Sei Blockchain's New Token Plunges 24% After Airdrop
Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market.

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand
Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.

First Mover Americas: Bitcoin Drops to Lowest Level Since June
The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services
The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.