Securities and Exchange Commission chair Gary Gensler told a Congressional subcommittee Wednesday that his agency needs more human resources as it looks to regulate the US crypto space. “I wish we had more to dedicate to this," he said in response to questioning from Rep. Steve Womack about the SEC'...
A specialized financial crimes unit has been tasked with investigating last week’s collapse of the Terra blockchain’s main cryptocurrencies while founder Do Kwon faces hefty tax fines, according to South Korean media reports. The group, consisting of prosecutors and employees from the Financial Serv...
Meta, formerly Facebook, has submitted five trademark applications in the United States for what appears to be new digital platform dubbed Meta Pay. The trademark applications, filed on May 13, described Meta Pay as an “online social networking service for investors allowing financial trades and exc...
The floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) fell below $200,000 on Wednesday as the NFT market continues to slide.  BAYC has seen its floor price — a measure of the cheapest NFT in the collection — fall significantly in May. It’s currently at around $198,000, according ...
Lens Protocol, a network for building decentralized social media, has gone live on the Polygon blockchain. According to a media statement, more than 50 applications have debuted on Lens Protocol. These include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link and others...
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on Wednesday. LKB will file the case against Kwon, a Korean national, on behalf of ordinary investors to...
Ikigai Asset Management, a Puerto Rico-based crypto asset management startup that deploys capital for more than 275 investors, announced Tuesday that it raised $30 million in venture funding.  Ikigai opened up the investment pool to any of its 275 limited-partner investors. The firm intends to use t...
Blockchain analytics platform Nansen has acquired Ape Board, a tool that allows users to track their portfolio of non-fungible token (NFT) and decentralized finance (DeFi) investments.  Ape Board will become the starting point of a new free-to-use portfolio tracker that will integrate with the rest ...
For algorithmic stablecoins to have a long-term future they’ll need to find wider adoption for payments in the real economy, according to analysts at Goldman Sachs.  “Stablecoins have limited use as a payments medium at this time. If that real-world use case were to grow over time, it could create a...
Sheridan, United States, 17th May, 2022, ChainwireCash management company announces roadmap to build cutting-edge multichain treasury infrastructure for Web3 Coinshift, leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, announced...

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