Gary Gensler hinted that many of the assets currently listed Coinbase may be securities. The remark comes as the SEC and Coinbase are in an-going fight over crypto regulation. The stakes in an ongoing battle between the Securities and Exchange Commission and got higher on Tuesday as the agency's chairman, Gary Gensler, suggested the biggest crypto exchange in the U.S. Google isn't known for being a primary leader in the next generation of Web 3.0, but perhaps news this week could spur change on that front. The tech giant announced a partnership with Top Shot and Flow blockchain creator Dapper Labs. The partnership will allow Google to assist in scaling the Flow blockchain for the future. Digital analytics firm Chainalysis reported that the cryptocurrency market in Africa has grown significantly since last year in addition to the region having a larger share of overall retail transaction volume compared to the global average. Crypto and crime are too often linked. Federal prosecutors have been taking former classifieds website Backpage to task over allegations of facilitating child sex trafficking, with one government witness testifying that sex work doesn't exist; only sexual exploitation. Ark Invest CEO Cathie Wood has always been bullish on Bitcoin. The CEO has previously stated that she expected the price of the digital asset to 10X from 2021 prices. Putting it at least at $500K in the next five years. Wood has made the prediction earlier in the year. You can find these stories and all of the rest of this week's news at the link below:
While you are at it, why not subscribe.