Cryptocurrency exchange Crypto.com has had two ads banned as misleading by the U.K’s advertising regulator, the Advertising Standards Authority (ASA). The first ad was shown Sept. 1 in the app of the Daily Mail newspaper. It included text saying “Buy Bitcoin with credit card instantly,” the regulator said Wednesday. The ASA determined that the company […]

Paradigm and Coatue led a $300 million investment that cements NFT marketplace OpenSea as one of the most valuable private firms in crypto. OpenSea said Tuesday night that investors valued the company at $13.3 billion in the Series C funding round, up sharply from the startup’s $1.5 billion valuation in a $100 million Series B […]

The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities. The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities. Specifically, ESMA is exploring whether existing rules need to be […]

Grayscale Investments, which runs Grayscale DeFi Fund and Grayscale Digital Large Cap Fund, announced in a release on Tuesday the updated Fund Component weightings for each product in connection with their respective quarterly reviews. New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk. In accordance with the CoinDesk DeFi Index […]

The Federal Reserve Bank of Boston is on the hunt for a new director of product management for Project Hamilton, its ongoing central bank digital currency (CBDC) pilot program. The new director will work to “forward the Federal Reserve System’s efforts to build, manage, and test software to further its understandings of digital currency…[and] continue […]