Bankrupt crypto lender Celsius Network claimed to operate like a bank, only better. However, because it was not actually a bank, many of its depositors are about to find out that they may have to wait a very long time to get reimbursed.
Yesterday the SEC filed insider trading charges against a former employee of Coinbase who front-ran token listings. This could all be part of a plan to disrupt the entire crypto exchange model. Coinbase is not planning to back down.
Yuga Labs, the creator of the popular Bored Ape Yacht Club (“BAYC”) non-fungible token (NFT) collection, has sued an artist in Los Angeles federal court, accusing him of selling identical NFTs that are confusing potential buyers.
The bill addresses many thorny issues with regards to cryptocurrency regulation, such as delineations between CFTC and SEC jurisdictions, stablecoin collateralization requirements, and the treatment of digital assets for tax purposes.
Many sustainability & ESG professionals are fighting for a stronger balance between carbon offsetting & insetting. Particularly in how they are funded. Insetting is a way to harmonise a companies operations with the ecosystems they depend upon & transition to a more sustainable business model.