Category: Finance
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Are NFTs securities?
New perspective that I haven’t heard before, better explains why quite a few respectable people argue that (many) NFTs are securities. Great newsletter as usual by Matt Levine.
I like to explain crypto initial coin offerings by saying that “they’re like if the Wright Brothers sold air miles to finance inventing the airplane,” so here’s another old-timey analogy for non-fungible token offerings.… Continued
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Custody & Post-Trade-Infrastructure
Die HSLU bietet ab Oktober 2023 mit dem CAS Crypto Finance & Cryptocurrencies wieder die Gelegenheit, sich in diesem wichtigen Bereich mit Expertenwissen weiterzubilden.
Ich werde das Themen Custody und Post-Trade-Infraktruktur vertiefen, und freue mich jetzt schon wieder auf die anregenden Diskussionen, wenn wir ausgehend von der SWIFT-Architektur herführen, wie das heute und morgen auf Blockchain-Basis funktioniert.
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Doxx through Bankruptcy
This is bad! They worked out more than 15,000 personal crypto wallets from last year’s Celsius filing — all tied to real names.
Celsius filing revealed 15,000 personal crypto wallets holding $3 billion at their peak -
Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto, looks to be hacked again. There is just not a lot of safe and secure infrastructure in crypto yet, be mindful out there!
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Local Control
The SEC is done playing:
– all US assets must be managed in the US
– new wallets that only Binance US employees have access to
– US customers can still withdraw fundsThis is similar to what FINMA would require from Swiss Banks. Except control would not have to be exclusively in Switzerland, under normal circumstances.… Continued
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BlackRock Bitcoin ETF
Sounds fantastic. In the middle of the SEC lawsuit, that’s either very strong by BlackRock – or an oversight by their middle management 🤷
BlackRock Filed Bitcoin ETF Application, Leveraging Coinbase Custody -
Limits of DeFi
Fully automated DeFi is fine as long as it’s within defined boundary conditions. Outside those, you rely on manual interventions – same as in TradFi.
Good for these folks to have a DAO process that enables this, even though it’s crude and likely wasn’t intended for this use case 🤷
BNB Chain team prepares to step in to prevent massive Venus Protocol liquidation -
Bitcoin Insurance
Sounds great at first sight, but then I wonder: what’s different in this setting from any other cold storage provider? And what do they need the funding for?
Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding -
SEC vs Coinbase
Ok looks like it’s getting worse before it may get better again! This one is a surprise so quickly after the Binance case yesterday, at least to me.
It might be rough for a while in Crypto!
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency