The U.S. Commodity Futures Trading Commission is investigating Binance now for alleged insider trading. This is very significant. It indicates that crypto is not only on the radar of regulators, but it carries with it severe criminal penalties for market players who play loose with existing finance rules. Binance has been in trouble around the world by a variety of financial regulators in different counties. The crypto exchange is answering these concerns by restructuring, a move that will involve centralizing and remaining centralized. That begs the question: Is the future of all crypto exchanges centralized? The company promises to work with regulators that have issues with its way of doing business.
Coinbase has filed an application with the National Futures Association.
Is crypto lending a good thing, or here today and gone tomorrow? The SEC is planning to go after Coinbase over a crypto lending product if the crypto exchange doesn’t repent and promise to be good. Meanwhile, Texas is going after Celsius.
Moviegoers will now be able to watch feature releases and pay for movie tickets with cryptocurrencies. AMC will begin accepting bitcoin, ether, litecoin, and bitcoin cash by the end of this year. Where’s the popcorn? Extra butter please.
200 smart contracts have launched on Cardano but are being held hostage. One analyst is wondering if ADA is sliding back to $2. It’s possible, according to CoinTelegraph, that smart contracts are shifting the balance of power in crypto, but Mark Cuban says there’s no need for anonymous smart contracts because that would increase fraud-related incidents.
The IRS is planning to crack open crypto wallets. I hope they’re planning to get search warrants first.
Hacker attacks SushiSwap’s MISO launchpad and steals $3 million in ether. Geez, I hate when that happens.
Read this for some great tips on joining a decentralized autonomous organization (DAO): How to join a DAO.
Hannibal Lecter fans will love this. A-list actor Anthony Hopkins will star in the first feature film NFT in history. The film is titled ZERO CONTACT. Watch the trailer.
Even good cryptocurrencies can crash, evidently. Thanks for the good time, Solana.
Can blockchain technology alleviate poverty?
The U.S. Treasury is issuing new cryptocurrency sanctions following ransomware attacks.
PayPal has finalized UK crypto trading — litecoin and ether added for the Brits.
What crypto fund raises tell us about the state of the markets.
Satoshi Nakamoto has his own statue in Hungary.
XRP holders sue Apple for “fraud and negligence.”
A survey reveals that 1 out of 10 people in Ireland invest in crypto.
Crypto mining is growing in Kazakhstan.
Crypto hedge fund founder gets seven years behind bars.
Are you even a little bit curious about cryptosocial media or cryptocurrencies? My new book, Cryptosocial: How Cryptocurrencies Are Changing Social Media, will be released later this year. Contact me at allen @ tayloredcontent dot com to learn how you can get an advance copy.
Header image from South China Morning Post.