CryptoSlate Wrapped Daily: Wintermute hacked of $160M, SEC claim jurisdiction over Ethereum transactions

The biggest news in the cryptoverse for Sept 20 includes Wintermute losing $160 million to DeFi operation hack, Ethereum developer confirming that Shanghai upgrade will not unlock staked ETH, Experts arguing that SEC cannot claim jurisdiction over Ethereum transactions, MicroStrategy buys an additional 301 Bitcoin for $6 million. CryptoSlate Top Stories Wintermute reveals $160M hack … Read more

Experts argue SEC cannot claim jurisdiction over Ethereum transactions

Several experts have disagreed with the U.S. SEC’s claim that it has jurisdiction over Ethereum transactions because there are more ETH nodes in the country than any other. SEC claims jurisdiction over ETH transactions In its charges against crypto promoter Ian Balina, the SEC said several U.S.-based investors participated in an investment pool that Ethereum … Read more

Debate rages over whether Ethereum can be considered a security post-Merge

Less than 24 hours after Ethereum (ETH) completed its transition to proof-of-stake, the crypto community is enmeshed in arguments about whether the asset can now be considered a security or not. SEC chairman statement The Wall Street Journal reported that US Securities and Exchange Commission (SEC) chairman Gary Gensler said cryptocurrencies that allow staking could … Read more

CryptoSlate Wrapped Daily: Coinbase bankrolls Tornado Cash users’ lawsuit; Terra Classic makes 1,900% comeback led by community

The biggest news in the cryptosphere for Sept. 8 includes Coinbase financing the lawsuit against the U.S. Treasury Department over Tornado Cash, Terra Classic’s community-led revival and an attack on the New Free DAO protocol. CryptoSlate Top Stories Bitcoin holds steady as ECB implements 75 bps rate hike Despite European Central Bank’s (ECB) announcement regarding … Read more

Vitalik cheers Ethereum community push back over harsh Canadian crypto rules

Ethereum co-founder Vitalik Buterin commended community members for speaking out against new Canadian rules limiting crypto buys. Glad to see Ethereum people pushing against regulations that privilege ETH over other legitimate cryptocurrencies. (I have not dug into the details of what specifically is going on and to what extent it’s a gov thing vs a … Read more

Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC

Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s sanction against the protocol. A Twitter bot named USDC Blacklist, which scrapes the blockchain for USDC blocklists, highlighted the issue as it tweeted multiple times through Monday after the sanction was issued. The USDC “Blacklist Policy” states that … Read more

UAE introduces new reporting requirements to counter crypto real estate money laundering

The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8. The new rules are aimed at clamping down on money laundering and terrorist financing, the UAE government said. Amid Dubai and Abu Dhabi recently attracting throngs of crypto exchanges and businesses to set up … Read more

US Senate introduces bill to put CFTC in charge of regulating Bitcoin, Ethereum

Leaders of the Senate Agriculture Committee introduced a bill on Aug. 3 to make the Commodity Futures Trading Commission (CFTC) the chief regulator of digital assets that are commodities. The CFTC currently regulates the derivatives market such as futures and swaps but not underlying commodities. According to the bill, the CFTC would get “exclusive jurisdiction” … Read more

European Central Bank hints at PoW-based crypto ban by 2025

The European Central Bank (ECB) blasted Proof-of-Work (PoW) mining as a significant climate change risk in research bulletin published in July. As expected, the report specifically mentioned Bitcoin. However, it also raised issues with Ethereum, despite its transition to a Proof-of-Stake (PoS) consensus mechanism. Researchers compiled estimated carbon footprint data on the above tokens and … Read more

Internal documents show EU policy makers want to push Ethereum over Bitcoin

EU policymakers are back in the spotlight less than a month after voting for stricter rules on unhosted crypto wallets. This time it’s to do with internal documents that show discussion to “protect” Ethereum at the expense of Bitcoin over its supposed greener credentials. The issue raises questions over protectionism and picking winners versus losers, … Read more