115 DeFi, Crypto Companies Tell Senate: Protect Developers Or No Deal On Mark...

115 crypto companies, investors, and organizations have come together to urge the US Senate to incorporate explicit protections for open-source software developers and non-custodial service providers in upcoming market structure legislation.  This coalition, spearheaded by the DeFi Education Fund, includes high-profile supporters such as Coinbase, a16z crypto, and Ripple, all emphasizing the need for regulatory clarity that fosters innovation rather than stifling it. Historic Letter From Crypto Leaders The letter, signed by 115 key players in the crypto ecosystem, underscores a collective....

Following a Federal Bureau of Investigation (FBI) warning on crypto-related fraud, a member of the U.S. Senate has questioned two of the biggest companies in the world, Apple and Google. Senator Sherrod Brown (D), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to the CEOs of these companies.   […]

"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes.This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner,....

As the continuing fallout from the MtGox disaster happens the negative publicity and the infamy of Mark Karpeles grows. Mark with his Companies shed a large shadow on other companies and business's that may have ties to them. It also makes one think twice when looking into new services and companies that deal with the storage and use of Bitcoin. One company that the shadow fell for me is Neo-Bee. On their main page, they are presenting their service for the Neo-Bee card. This is a card that would allow you to buy products easily with Bitcoin. Neo-Card Home. While this is a great idea that....

The total value of the cryptoasset market has once again risen above $2 trillion, as altcoins including Cardano and XRP race to reclaim all-time highs. This bullish price action comes in defiance of negative headlines. The Senate passed the infrastructure bill on Tuesday without changing the requirements for crypto tax reporting, and on the same day $611 million was stolen in the largest DeFi hack in history (though the culprit has since returned the funds). Nevertheless, traders were not concerned, and multiple altcoins are now flashing high double-digit weekly gains. Beating the 3%....