DePIN for the Win: Spreading the Benefits of the Gig Economy

DePIN for the Win: Spreading the Benefits of the Gig Economy

Companies like Uber and Airbnb pioneered the operator economy when they started delivering valuable services using crowdsourced infrastructure and labor. In the process, they proved that this relatively decentralized business model could compete with, and even outperform, traditional businesses. Today, the United States is home to more operating platforms than …

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Bitcoin-Linked Stablecoin Firm OpenDelta Raises .5M

Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M

OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin (BTC) deposited by users as collateral. The token won’t go live till May, and even then, it will only be open to waitlisters in a closed beta. But the company behind it plans to bring Runes to other …

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Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

A federal judge ruled last month that the Kansas City Fed had the discretion to reject Custodia’s bid for a master account. Custodia, according to the court, had not provided sufficient evidence to back up accusations that the Fed’s Board of Governors was illegally leaning on the Kansas City branch …

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Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

“The Howey test is a transaction-by-transaction analysis,” Deaton argued. “There are thousands of digital assets and thousands, sometimes millions, of transactions occurring on various blockchains. Because of this inconvenient reality, the SEC adopted an unconstitutional shortcut by effectively saying all transactions of the tokens violate securities laws.” SOURCE

DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing

DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing

The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed money transmitter and conspiring to violate sanctions law by creating and operating Tornado Cash, a crypto mixing service designed to anonymize transactions. North Korea’s Lazarus Group and other criminal entities …

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Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back

Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back

“Consensys hired Wachtell, which is the most expensive law firm in the world. That means they are really, really serious,” Frye said. It’s worth noting that Consensys recently relocated to Texas (its new listed address is a WeWork) from New York, which would make establishing jurisdiction in the 5th Circuit …

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