In the fast-moving digital age, some ideas are so revolutionary they simply… gather dust. Yes, you heard that right—revolutionary ideas gathering dust. It sounds almost sacrilegious, but it’s a thing. As Packy McCormick recently laid out in his essay, the world isn’t short on groundbreaking concepts; it’s short on making those concepts a
Weekly Blockchain Blog – November 4, 2024
In this issue:
- Integrations Connect Crypto and Fiat Financial Products
- FINRA Report Addresses Metaverse, Settlement Approved in NFT Class Action
- DOJ Announces Crypto Market Maker Guilty Plea, Charges Unlicensed Exchange
- Crypto Hacking Threats Continue
Integrations Connect Crypto and Fiat Financial Products
By John Robertson
This week saw the announcement of three cryptocurrency payments partnerships. In
CFPB Finalizes Open Banking Rule
The rule aims to reduce market concentration by guaranteeing consumer access to personal financial data, but faces strident criticism and immediate legal challenge.
By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, Mik Bushinski, and Deric Behar
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized the
Weekly Blockchain Blog – October 28, 2024
In this issue:
- Crypto Integration Initiatives Continue, Crypto Exchange Data Published
- SEC Approves Bitcoin ETF Options on Two US Exchanges
- Global DCA Publishes Proposed Guidelines for Digital Assets
- Web3 Platform Launches New Privacy Tools
- FSB and BIS Reports Address Crypto Policy, Tokenization, Stablecoins
Crypto Integration Initiatives Continue, Crypto Exchange Data Published
The Bitcoin Interoperability Race: Why It’s Time to Plug Into BTCfi
Bitcoin interoperability is quickly becoming one of the hottest topics in crypto, especially in the wake of the Wrapped Bitcoin (WBTC) drama. With only 1% of Bitcoin being wrapped, the entire ecosystem is in its infancy. And what about that 1%?
Well, WBTC dominates the scene, but cracks are beginning to show—leaving the door wide
Weekly Blockchain Blog – October 21, 2024
In this issue:
- Crypto Companies Announce New Stablecoin Products and Partnerships
- Crypto Market Reports Published, IOSCO Addresses Crypto Investor Education
- Ethereum Technical Papers Published, New Wrapped BTC and L2s Launch
- Survey Addresses How Crypto Policies May Influence Voters in 2024 Election
- Hacker of SEC X Account Arrested, New Data on Crypto Enforcement Published
- DeFi Hacked
Weekly Blockchain Blog – October 14, 2024
In this issue:
- U.S. Fintech and Crypto Companies Continue Crypto Product Launches
- Cryptocurrency Exchanges Sue SEC to Halt Potential Enforcement Actions
- DOJ and SEC Target Crypto Market Makers; SEC Charges Crypto Trading Firm
- UN Office on Drugs and Crime Addresses Role of VASPs in Criminal Schemes
- Client Alert: First Circuit Adds Another Notch to the IRS’
Weekly Blockchain Blog – October 7, 2024
- Global Payments Network to Begin Digital Assets Pilot, Crypto Products Launch
- Digital Assets Trade Groups Publish Papers on Policy and Smart Contracts
- SEC Charges Mango Markets DAO and Affiliates, CFTC Charges Also Reported
- DOJ and Foreign Agencies Continue Crypto Enforcement, Seize Illicit Crypto
- Crypto Hacks and Scams Continue; 2024 Q3 Data Shows
CFPB Proposes to Amend the Remittance Rule
Remittance service providers would need to update their disclosure statements under a narrowly tailored proposed amendment which aims to resolve issues more efficiently and save consumers time.
By Parag Patel, Barrie VanBrackle, and Deric Behar
On September 20, 2024, the Consumer Financial Protection Bureau (CFPB) proposed a rule amendment to disclosure requirements under
Weekly Blockchain Blog – September 30, 2024
In this issue:
- Payments Firms Launch Crypto Products, New Crypto Adoption Data Published
- SEC Action Targets Stablecoin Issuer, CFTC Targets Unregistered Crypto FCMs
- FinCEN, OFAC, DOJ Bring Crypto Enforcement Actions; Crypto Hacks Continue
Payments Firms Launch Crypto Products, New Crypto Adoption Data Published
According to a recent press release, a well-known