The head of the SEC says most cryptocurrencies are operating illegally

Crypto Currency News

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Today's News

Cryptocurrency is in the news today with several stories about regulation, adoption, and new projects. SEC Chair Gary Gensler says that crypto intermediaries should register with the SEC, and the agency will be issuing warning to the White House about the need for major regulations in the crypto space. In other news, a new White House report says that crypto mining could hurt climate progress, and Tim Cook is being interviewed in a fake 'Apple Crypto Event 2022' that attracted 70k viewers. Finally, billionaire investor Mark Cuban says that crypto is a buy right now, and shares of Riot Blockchain are rising today.

Outline

The head of the SEC says that most cryptocurrencies are operating illegally and that crypto intermediaries should register with the US SEC.
A new White House report says that crypto mining could hurt climate progress.
Fake ‘Apple Crypto Event 2022’ attracts 70k viewers with Tim Cook interview.
Kim Kardashian is launching a private equity firm.
Despite the recent downturn in the cryptocurrency market, Y Combinator's Summer 2022 batch has 30 crypto startups, up from 25 in its Winter 2022 batch.
GameStop's FTX deal is about gift cards. Its stock went up anyway.
What's at stake in the Voyager and Celsius crypto bankruptcies?
Teenage founder raises $30 million for crypto startup.
DeFi hacks keep adding up as scammers exploit code ethos.
Bank of America sees Asian telcos turning towers into treasure.
You can now contribute to the recovery of Ukraine’s cultural sites with this NFT project.
Why this billionaire investor thinks crypto is a buy right now.
Why Bitcoin, Ethereum, and Solana were up Thursday morning.
Why shares of Riot Blockchain are rising today.
The no-brainer crypto that some billionaires could regret not buying.
This cryptocurrency surged ahead of Ethereum's upcoming 'merge.' Is now the time to buy?
Is now the time to buy more Ethereum?

Crypto intermediaries should register with U.S. SEC, agency chair says

Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency's chair said on Thursday.

Crypto Intermediaries Should Register With US SEC, Agency Chair Says

Treasury Will Warn White House That Crypto Needs Major Regulations

The Treasury Department will warn the White House that cryptocurrencies could pose significant financial risks that outweigh their benefits unless the government rolls out major new regulations, Washington Post reported Thursday, citing two people familiar wi…

SEC Chair Gary Gensler sends a message to crypto startup founders and VCs: 'This field will not take off unless you have some trust'

SEC Chair Gary Gensler said at the NYC Summit that he believes most cryptocurrencies are securities and fall under his agency's scope.

Fed hawkishness paved the way for a soaring dollar that's beating down other currencies. Here's what to know.

A hawkish Fed and global recession fears have sent the US dollar soaring in 2022 - and it has prompted particularly aggressive moves from China.

Elon Musk Is Being Sued For $200 Billion As Dogecoin Lawsuit Expands

The Tesla and SpaceX CEO faces even more claims that his cryptocurrency was used as a "pyramid scheme."

Crypto Mining Could Hurt Climate Progress, New White House Report Says

The White House says the environmental impact of producing cryptocurrencies like Bitcoin could impede US efforts to combat climate change.

Fake ‘Apple Crypto Event 2022’ attracts 70k viewers with Tim Cook interview

Apple held its “Far out” special event yesterday to announce the iPhone 14 lineup and a number of other things. Some people tuning in to watch the event on YouTube, however, saw an entirely different event: a fake “Apple Crypto Event 2022” featuring clips of …

Kim Kardashian to launch private equity firm

SKKY Partners venture with Carlyle veteran Jay Sammons will focus on consumer items, media and luxuryKim Kardashian has ventured into the world of finance, launching her own private equity firm with the help of a former partner from the US powerhouse the Carl…

Where to Buy Cool Art Prints Online

Get old-money vibes for your walls (on an avocado-toast budget) with these seven sites for buying rad art prints.

Have You Been Hit by the Coinbase Email Scam?

Do you invest in cryptocurrency? You're a big target for cybercriminals. So what is the Coinbase phishing scam? What should you look out for?

Despite the recent downturn in the cryptocurrency market, Y Combinator's Summer 2022 batch has 30 crypto startups, up from 25 in its Winter 2022 batch (TechCrunch)

TechCrunch: Despite the recent downturn in the cryptocurrency market, Y Combinator's Summer 2022 batch has 30 crypto startups, up from 25 in its Winter 2022 batch — Crypto and web3 stands out in the Summer 2022 batch — Crypto founders have heard the sayin…

The head of the SEC says most cryptocurrencies are operating illegally

There’s a legal test US regulators use to determine what qualifies as an investment contract, and therefore should be regulated by the US Securities and Exchange Commission. And the head of the SEC says most cryptocurrencies pass it. Read more...

GameStop's FTX deal is about gift cards. Its stock went up anyway.

GameStop’s stock price has long been untethered to business fundamentals. It’s the primordial and quintessential meme stock, a golem of whatever people on social media say it is. The fact that it sells video games from its brick-and-mortar stores and on its w…

What's at Stake in the Voyager and Celsius Crypto Bankruptcies

The decisions made in these cases will likely set precedents for future legal guidance.

Teenage Founder Raises $30 Million for Crypto Startup

Community Labs’ 19-year-old leader is building software and developer tools on the Arweave platform.

DeFi Hacks Keep Adding Up as Scammers Exploit Code Ethos

Projects lost $270 million in August alone, according to one report.

Bank of America Sees Asian Telcos Turning Towers Into Treasure

Hi, this is Manuel Baigorri in Hong Kong. In today’s newsletter, we take a closer look at the rise of telecom deals in Asia. Elsewhere, we have the latest on the the Twitter-Musk brawl, and a handful of IPOs. Today's top stories

Transcript: Ezra Klein on the New Supply-Side Economics

In the 2010s, the big problem facing the economy was high unemployment and slack. And for liberals or progressives, the answer has been some version of “spend more money.” Now we’re in a world where the biggest challenges are around constraints. How costly is…