Prism News

09/06/2023

EU governments may treat unbacked crypto as the riskiest asset for lenders to hold, potentially making bitcoin and ether high-risk assets, according to an official leading talks on new legislation.

EU governments may treat unbacked crypto as the riskiest asset for lenders to hold, potentially making bitcoin and ether high-risk assets, according to an o ...

09/06/2023

UK to Ban Promotional NFTs and Crypto Airdrops for Investing in Digital Assets, says Regulator

09/06/2023

Hut 8 crypto mining repairs delayed due to power shortages and equipment failures.

09/06/2023

Bitcoin trades at a discount on Binance.US after it announces a move to crypto-only platform starting June 13, causing an uptick in BTC selling.

09/06/2023

Binance.US suspends dollar deposits due to SEC pressures. Find out more about the company's decision and what it means for the crypto market.

09/06/2023

Why DeFi must understand, not police, regulators - learn why in CoinDesk's Consensus @ Consensus Report.

09/06/2023

Discover how grassroots innovation and obsessive pragmatism can turn the shiny concept of crypto into a reality that empowers everyday people.

09/06/2023

Former CFTC Chairman Heath Tarbert joins Circle as Chief Legal Officer, guiding the stablecoin issuer's global expansion amidst shifting regulatory attitudes towards the crypto industry.

Circle Appoints Former CFTC Chairman as Chief Legal Officer for Global Expansion Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Heath Tarbert to join Circle as Chief Legal Officer and Head of Corporate Affairs on July 1 Tarbert to guide Circle's global expansion A House committee cons...

09/06/2023

Robinhood to stop supporting Cardano, Polygon, and Solana due to SEC lawsuit. Learn more about the impact of this decision on the popular trading platform.

Robinhood Drops Cardano, Polygon, and Solana – How Safe Is Your Crypto? Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Robinhood will stop supporting Cardano, Polygon, and Solana from June 27th due to SEC lawsuits against Binance and Coinbase. Users can trade and transfer the tokens...

09/06/2023

DeFi giant Curve Finance's CEO is being sued by three VC firms for fraud, misappropriation of trade secrets, and defrauding the firms out of close to $1 million in funds.

Curve Finance CEO Faces Fraud Lawsuit by Venture Capital Firms Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Curve Finance CEO Michael Egorov is being sued for fraud and misappropriating trade secrets by three US venture capital firms. The firms claim Egorov defrauded them out of nea...

09/06/2023

Ether options market makers are long gamma at $1.8K, meaning they could significantly influence the spot price – find out more.

Ether Options Market Makers Place Big Bet at $1.8K: Cryptocurrency Range Bound? Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Market makers are holding long gamma positions in ether options at the $1,800 strike price, which could force them to sell ETH as the price rises and buy on d...

09/06/2023

Russian nationals charged with hacking and stealing over $600k from Mt. Gox in 2011, contributing to the exchange's insolvency and allegedly laundering the funds. DOJ's commitment to bringing bad actors in the cryptocurrency ecosystem to justice.

Russian Nationals Revealed as Hackers Behind Mt. Gox Crypto Theft Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:2 Russian nationals charged with hacking Mt. Gox in 2011, resulting in theft of 647,000 bitcoins over 3 years. Funds were laundered. Both face conspiracy to commit money la...

09/06/2023

Ethereum co-founder Vitalik Buterin releases a roadmap addressing key goals of layer 2 scaling, wallet security, and privacy, crucial for the network's success.

Vitalik Buterin Reveals Ethereum’s Groundbreaking Roadmap for Scaling and Security Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Buterin releases Ethereum roadmap Emphasis on layer 2 scaling, wallet security, and privacy All three transitions must be addressed for global experience...

09/06/2023

Louis Vuitton's new physical-backed NFTs are soulbound and linked to exclusive products and experiences, while Apple's Vision Pro headset offers a new spatial operating system - read more in The Airdrop newsletter.

Apple’s Luxury Vision Meets Blockchain with Non-Fungible Tokens Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Louis Vuitton launches Soulbound Luxury NFTs Apple unveils expensive Vision Pro mixed reality headset with spatial operating system Listen 3 - 5 minute read The world of We...

09/06/2023

The SEC's lawsuits against Binance and Coinbase have set up a high-stakes battle that will engage all three branches of the U.S. government in a competition for power and define the future of digital money.

The SEC’s Crackdown on Crypto: Implications for Digital Money and US Power Dynamics Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:SEC's lawsuits against Binance and Coinbase create high-stakes crypto industry battle in US SEC targeting both centralized and decentralized finance sys...

09/06/2023

Crypto.com discontinues U.S. institutional services due to limited demand.

Crypto.com Shocks U.S. Institutional Investors by Winding Down Services Amid SEC Crackdown Posted on June 9, 2023June 9, 2023 by Prism News In the Brief:Crypto.com is discontinuing services to institutional clients in the U.S. due to limited demand Retail investors will not be affected The exchange'...

09/06/2023

MetaMask Institutional wallet is integrating with Fireblocks, giving institutional investors access to over 17,000 dapps - CoinDesk.

MetaMask Institutional Partners with Fireblocks for Enhanced Crypto Custody Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:ConsenSys integrates MetaMask Institutional wallet with Fireblocks, allowing access to full MMI suite Integration goes live on June 12 Over 1,800 organizations al...

09/06/2023

Crypto.com partners with CoinRoutes to offer diversified liquidity and reduce friction for customers.

Crypto.com Partners with CoinRoutes for Streamlined Liquidity Access Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Crypto.com partners with CoinRoutes to offer diversified liquidity and reduce friction for customers Integration combines Crypto.com's infrastructure with CoinRoutes' or...

09/06/2023

Avail network starts phase 2 of its Kate testnet, addressing data availability problems faced by scaling applications. Join the testnet and contribute to the community!

Avail Network Advances to Testnet Phase 2, Offers Token Rewards for Validators Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Avail Network launches second phase of "Kate" testnet to encourage validator participation Users can test staking and nomination functions with AVL testnet tok...

09/06/2023

Bitcoin coder and Nostr creator Fiatjaf collaborates with Zebedee on a new social media layer that will soon launch on Zebedee's flagship app, bringing millions of users into the Nostr ecosystem.

Nostr Creator and Zebedee Join Forces to Revolutionize Social Media Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Fiatjaf and Zebedee team up for Nostr-powered social media layer Jack Dorsey donates 14 BTC for Nostr development Nostr protocol gains popularity with growing user base L...

09/06/2023

Banks are setting up shop in the metaverse to build relationships with a young, tech-savvy consumer base and tap into a pool of talent for future hiring. Learn how financial institutions are embracing the metaverse in CoinDesk's latest article.

Metaverse Banking: The Future of Finance Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Banks are exploring opportunities in the metaverse JPMorgan, HSBC, Kookmin, and DBS have entered the metaverse TD and RBC in Canada are conducting metaverse pilot programs Banks are preparing advis...

09/06/2023

Lending protocol Aave's Lens Protocol raises $15M in funding to revolutionize social media! 🚀

Aave’s Lens Protocol: Game-Changer for Your Social Media Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Lens Protocol, a decentralized social media platform, raised $15M in funding led by IDEO CoLab Ventures and supported by high-profile investors. The platform stores posts, followe...

09/06/2023

Crypto must better explain the purpose of digital assets and offer tangible, easy-to-grasp products and services that consumers actually want to improve its image problem.

Revolutionary Crypto Fix: Cut the Jargon, Keep Your Promises and Improve Your Image Now! Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Crypto needs to improve its image Industry struggles to explain digital assets' purpose Jargon and memes make it hard to understand Tangible products...

09/06/2023

Are DAOs really as decentralized as they seem? The term decentralization theater is becoming more relevant in the DeFi world. Learn about the importance of building truly decentralized protocols and Web3 ecosystems in CoinDesk's Consensus @ Consensus Report.

Are DAOs Doomed to Fail? The Dark Truth About Decentralization Theater and the Future of Web3 Posted on June 8, 2023June 8, 2023 by Prism News In the Brief:Projects being less decentralized than they claim Arbitrum Foundation accused of fudging governance vote Consensus 2023 speakers emphasize build...