“Coinbase will hire up to 2,000 people in 2022 as it seeks to take advantage of opportunities in the development of Web 3, and other areas. The company plans to expand its product, engineering and design teams. Coinbase will also add products to expand its offerings in hosting general content such as NFTs and the Coinbase Wallet.
We believe our industry is in its infancy and that building onramps for individuals to participate is critical to driving the next generation use case of crypto.”
“Coinbase, FTX, Crypto.com and eToro all brought crypto-related sales pitches to the big game, as did TurboTax, with an ad nodding to the nightmare of handling digital assets during tax season. Meta had a commercial, too, albeit a somewhat depressing one.
Here’s my brief (subjective) ranking of the crypto- and fintech-adjacent ads from this year’s Super Bowl broadcast.”
“Responding to the now weeks-long, trucker-led protests that have snarled streets in Ottawa and blocked key crossings at the U.S.-Canada border, Canadian Prime Minister Justin Trudeau this afternoon invoked the Emergencies Act for the first time since the law was passed in 1988.
Though the Emergencies Act allows for the military to be called in, Trudeau, for now, said he has no plans to do so. The government instead appeared set to take aim at protester finances. Speaking alongside Trudeau, Deputy Prime Minister Chrystia Freeland said banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.
In addition, the government is broadening the scope of Canada’s anti-money laundering and counter-terrorist financing rules to now cover crowdfunding platforms and the payment service providers they use. These changes, said Freeland, cover all forms of transactions, including digital assets such as crypto.
The Tallycoin bitcoin fundraiser had reportedly raised more than 20 bitcoin (BTC) – or nearly $1 million – for the truckers. The organizers have shut down the fundraising page, and are asking for all to “stay tuned” about next steps.”
“Protocol Controlled Value is a term for the amount of funds the treasury owns and controls, and the Wonderland treasury currently manages in excess of $700 million, down from a peak well over $1 billion. Depending on how a protocol’s treasury is managed, PCV often undermines DeFi’s claims to decentralization.
While some decentralized autonomous organizations (DAOs) leverage on-chain governance and votes directly and programmatically lead to fund disbursements, others simply use DAO token-holder votes as “signals” from the community to a centralized group of fund managers who theoretically may or may not choose to enact the community’s wishes – a dynamic that could draw the attention of regulators.
While Wonderland’s PCV was ostensibly owned by token holders, it was largely unilaterally managed by the Sestagalli and Patryn.
According to a number of legal experts, however, it may also be exactly the case that the SEC has been looking for.
If you’re the SEC, this is probably one of the better opportunities to get some precedent on the books that would at least let you start clawing into DeFi.
Belton “absolutely” expects there will be regulatory activity on the PCV front – the first of what could be a number of cases where agencies test the sector’s claims to decentralization, as the agency analyzes ‘whether they’re dealing with a securities instrument, or a vehicle that needs to be regulated under the Investment Company Act.'”
“Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax and law enforcement agency, has seized non-fungible tokens (NFTs) and made three arrests as part of a fraud investigation. HMRC said it is the first law enforcement agency to seize NFTs and warned the public that the arrests are an example and warning to anyone who thinks they can use crypto assets to hide money.
We constantly adapt to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets.”