Cosmos Foundation’s management comes under fire in governance vote. ICF pledges more transparency after shakeup It’s not the only blockchain nonprofit to face accusations of financial impropriety. Cosmos is a Swiss non-profit organization that supports blockchain a vote Disbelief over suspicion that its leadership had mishandled funds intended to promote the development of Cosmos. Like … Read more
Crypto bank Custodia is battling the Kansas City Fed in court. In short, success sets a dangerous precedent for Fed banks to custodian. A crypto bank custody battle with the Kansas City Federal Reserve over access to critical banking services puts the entire US banking system at risk. That according to a Briefly 11 other … Read more
Big tech stocks led a heavy sell-off on Tuesday. AI leader Nvidia lost more than $250 billion in its market cap. However, this setback will not stop the growth of AI-crypto projects, experts say. Crypto-linked artificial intelligence projects ride out market volatility to soar beyond their $25 billion market. They said, according to Alice Liu, … Read more
Uniswap Labs settled the allegations with the CFTC. The US regulator accused Uniswap of illegally offering leveraged trading. Protocol required a fine of $175,000. Uniswap Labs, the parent company behind Ethereum’s largest decentralized exchange, has settled allegations that it illegally allowed the trading of leveraged Bitcoin and Ether. The company will pay a $175,000 penalty, … Read more
Fed targets United Texas Bank for serving crypto customers The bank alleged “significant lapses” in its adherence to anti-money laundering laws. The management of the company consented to the cease and desist order. United Texas Bank, one of a handful of domestic lenders still banking on crypto firms in the United States, has drawn the … Read more
The Federal Reserve announced rate cuts were coming last month. This has caused Treasury bill yields to fall. The reverse repo program now has a higher yield than bonds and this is again inhaling liquidity. The Federal Reserve will raise interest rates soon. In the meantime, crypto probably won’t do well. This is according to … Read more