Dogecoin has cemented its reputation as a “joke” cryptocurrency—it’s based on a popular meme featuring a Shina Inu dog surrounded by brightly colored text in Comic Sans. But after what appears to be a massive pump and dump on the popular social networking app TikTok, many teenagers may have very little to laugh about.
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Coinbase CEO Brian Armstrong didn't think selling analytical software to the Secret Service would cause any waves... (Photo: Steve Jennings/Techcrunch)Coinbase defends $183K contract with the U.S. Secret Service
‘I don’t think it’s particularly newsworthy,’ tweets a dismissive Brian Armstrong
Some of the exchange’s users have expressed concerns about how their data is being used, but Armstrong has shrugged off this criticism, writing: “Whether Coinbase sells blockchain analytics software or not, transactions on public blockchains are still traceable by any number of people out there.”
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The Financial Action Task Force fears 'so-called stablecoins' could scrub its money laundering efforts (Photo: Wikimedia Commons).FATF calls for clampdown on ‘so-called stablecoins’ in new report
The Financial Action Task Force warns stablecoins have a ‘propensity for mass adoption makes them more vulnerable to be used by criminals and terrorists’
When a powerful international financial oversight body releases a report on “so-called stablecoins,” you just know it isn’t going to be comfortable reading.
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CFTC’s new strategic goals are good news for crypto… and bad
The commission wants a ‘holistic framework’ to promote innovation in digital assets, but it also plans to come down hard on those who break the rules
The goal that will be of most interest to crypto-focused firms is the third one: to encourage innovation and enhance the regulatory experience for market participants at home and abroad. This will undoubtedly be music to the ears of international businesses that have ended up being bogged down with red tape and regulatory uncertainty.
