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Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC's previous approach to crypto.
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches
The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions.
Evertas expands crypto insurance offerings to include mining and raises limits
Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
CBDC ‘may not be a compelling priority,' says Kenya’s central bank
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
Binance market share chopped with the end of zero-fee BTC trading
A Binance spokesperson told Cointelegraph that the company forecasted the drop after its decision to end its zero-fee BTC trading but that it’s “not a concern.”
Private ID verification wins Binance Web3 reality show
Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs.
Europe’s right-wing political groups find cause in crypto
Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing?