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DailyDose

@DailyDose@dt.gl

Daily Doses of Decentralization

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DailyDose, to random
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"A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S.

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange.

Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery."

Read more: https://cointelegraph.com/news/ftx-founder-sam-bankman-fried-two-criminal-trials

DailyDose, to random
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"Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sources familiar..."

Read more: https://cointelegraph.com/news/fed-sec-investigate-goldman-sachs-silicon-valley-bank-securities-portfolio-report

DailyDose, to random
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"A testimony given at a United States House of Representatives hearing by the blockchain firm’s co-founder, Aaron Kaplan, has drawn the attention of those in the crypto space.

The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House Committee, discussing crypto regulatory clarity."

Read more: https://cointelegraph.com/news/who-is-prometheum-what-testify-congress-about-crypto-sec

DailyDose, to random
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"A pro-Bitcoin nonprofit says it will flag potential civil liberty concerns as more countries are expected to develop CBDC technology.

The nonprofit Human Rights Foundation (HRF) has launched a central bank digital currency (CBDC) tracker, the organization announced at the same Oslo Freedom Forum event it hosts. The online tracker has published educational materials and a tip line. It is expected to become fully functional by year-end."

Read more: https://cointelegraph.com/news/cbdc-human-rights-tracker-revealed-at-oslo-freedom-forum

DailyDose, to random
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"The securities regulator says it would make a recommendation within 120 days on Coinbase’s rulemaking request but adds that the action has “no merit.”

The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.

In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission said..."

Read more: https://cointelegraph.com/news/sec-120-days-respond-coinbase-crypto-clarity

DailyDose, to random
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"The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June.

The Hong Kong Monetary Authority (HKMA) has completed a public consultation on stablecoin regulations and aims to introduce clear regulatory guidelines for the stablecoin market by the end of 2024."

Read more: https://cointelegraph.com/news/hong-kong-united-states-stablecoin-regulations

DailyDose, to random
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"As the Web3 space continues to evolve, crypto exchanges are finding new ways to engage their users in their mission to success.

The crypto industry is a constantly evolving sector. What may be the standard today can easily be very different tomorrow. Therefore, it is crucial for companies and platforms like crypto exchanges to stay on the cutting edge and implement new innovations."

Read more: https://cointelegraph.com/news/a-semi-centralized-exchange-to-provide-a-trade-to-own-feature-to-engage-users

DailyDose, to random
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"The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase.

The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission's classification of its native token, Solana, as a security."

Read more: https://cointelegraph.com/news/sol-is-not-a-security-says-the-solana-foundation

DailyDose, to random
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"MiCA, which comes fully into force by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.

On June 9, the European Union’s Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU). This triggers the countdown for the law to come into effect from Dec. 30, 2024."

Read more: https://cointelegraph.com/news/eu-mica-crypto-legislation-added-to-official-journal

DailyDose, to random
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"DEXes are not securities exchanges, argues crypto venture firm Paradigm.

Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview."

Read more: https://cointelegraph.com/news/paradigm-slam-sec-incoherent-redefinition-decentralized-exchange-dex

DailyDose, to random
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"Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.

Binance.US has announced the suspension of U.S. dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13.

Read more: https://cointelegraph.com/news/binance-us-suspends-usd-deposits-warns-withdrawal-pause-incoming

DailyDose, to random
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"The EU’s EBSI Vector project and blockchain service provider, Protokol, are creating a blockchain-based cross-border credential verification program for EU citizens.

The European Commission has moved to implement educational and professional credentials will be verified across borders."

Read more: https://cointelegraph.com/news/eu-to-use-blockchain-for-educational-and-professional-credential-verification

DailyDose, to random
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"Catherine Coley left social media and the CEO job, but the SEC brought her in to testify the following year.

Former Binance.US CEO Catherine Coley, who is transparently known as “BAM CEO A” in the suit against Binance filed by the United States Securities and Exchange Commission (SEC) on June 5, has kept a low profile since her departure. However, she provided testimony to the SEC in 2022 when it was investigating the company for insider trading."

Read more: https://cointelegraph.com/news/evidence-in-sec-suit-includes-2022-testimony-of-binance-us-long-silent-ex-ceo

DailyDose, to random
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"Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers.

Former FTX CEO Sam Bankman-Fried claims prosecutors have missed discovery deadlines for key pieces of evidence required in the defense of a raft of fraud charges."

Read more: https://cointelegraph.com/news/sbf-upset-by-late-evidence-in-trail-ftx-seeks-ai-stock-sale

DailyDose, to random
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'Coinbase met with the SEC 30 times in 2022 seeking regulatory guidance and now it will “vigorously defend” itself, it says.

“Coinbase has embraced regulation since we were founded over a decade ago,” the cryptocurrency exchange’s chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to become a public company in April 2021, which makes us unique in the crypto industry.”'

Read more: https://cointelegraph.com/news/coinbase-reminds-world-it-tried-to-embrace-regulation-as-sec-sues-for-violations

DailyDose, to random
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"Metaverse tokens have failed to pump following the major announcement, however this is likely due to the SEC abruptly dropping a lawsuit against Binance.

Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5.

There was however, one glaring omission from the launch — a single mention of the word 'metaverse.'"

Read more: https://cointelegraph.com/news/apple-vision-pro-headset-wwdc-no-mention-metaverse

DailyDose, to random
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"Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm.

Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion."

Read more: https://cointelegraph.com/news/crypto-endorsements-influencers-brand-deals-collapse-ftx

DailyDose, to random
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"Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.

At least $35 million worth of crypto assets has been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million."

Read more: https://cointelegraph.com/news/atomic-wallet-hack-losses-top-35

DailyDose, to random
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"Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

The Financial Action Task Force (FATF) has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service providers."

Read more: https://cointelegraph.com/news/qatar-action-crypto-companies-fatf-report

DailyDose, to random
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"A United States Air Force colonel said the results of the simulation highlight why a conversation around ethics and artificial intelligence is needed.

The United States Air Force (USAF) has been left scratching its head after its AI-powered military drone kept killing its human operator during simulations.

Apparently, the AI drone eventually figured out that the human was the main impediment to its mission, according to a USAF colonel."

Read more: https://cointelegraph.com/news/ai-drone-kill-human-operator-in-tests

DailyDose, to random
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"“This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading,” said the amended complaint.

A group of Dogecoin investors has requested leave to amend a class-action lawsuit against soon-to-be former CEO of Twitter Elon Musk, alleging he manipulated the price of the meme token."

Read more: https://cointelegraph.com/news/dogecoin-investors-accuse-elon-musk-of-insider-trading-in-amended-class-action-lawsuit

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