• The US SEC issued a Wells Notice to Coinbase for allegedly selling unregistered securities on its exchange.
• Brett Quick from the Crypto Council for Innovation sees potential in the warning, as it could lead to more defined rules for the crypto industry.
• There is a risk that crypto companies may move outside of the US due to lack of regulatory clarity.

SEC Warning Gives ‚Silver Lining‘ For Crypto Industry

The U.S. Securities and Exchange Commission (SEC) has recently issued crypto exchange Coinbase a Wells notice, warning that they may face enforcement action over potential violations of U.S. securities law. Brett Quick, Head of Government Affairs at Crypto Council for Innovation, believes this may be beneficial in terms of providing clearer regulations for the future of digital-asset firms.

Potential Clarity Of Regulations

Quick believes that while there is a chance that crypto companies may simply move outside the U.S., there is an opportunity here to provide clarity regarding regulations within the crypto industry; “The silver lining, to the extent there is one of this type of development, is that it will force the establishment of case law that will inform how crypto is regulated and it will set some rules of the road for crypto to comply with,“ she said in an interview with CoinDesk TV’s “First Mover” program on Thursday .

Coinbase’s Response

In response to receiving this notice from the SEC, Coinbase released a blog post stating they have met with their regulators numerous times and are committed to continuing dialogue and engagement as they work towards compliance with applicable laws and regulations; “We take our obligations seriously and have invested heavily in both technology and compliance capabilities over our decade long history.“

Risk Of Companies Moving Abroad

Despite Quick’s optimism surrounding this event, she also acknowledges there is still some risk involved if companies decide not operate under any set regulations; „There are other jurisdictions around the world that are looking at ways to embrace the technology, to embrace the innovation and the developers that are working on it and they’re establishing regulatory clarity,“ she said in her interview with CoinDesk TV’s ‘First Mover‘.

Crypto Industry On The Cusp Of Change

Overall, this recent incident involving Coinbase marks what could be potentially groundbreaking change within not only cryptocurrency exchanges but also many associated industries; With careful consideration from both sides we can expect further developments soon which could help shape what kind of regulations are implemented across all aspects related to cryptocurrency trading.

• CoinDesk features reporter and assistant opinion editor Daniel Kuhn interviews Emmy award-nominated photographer John Knopf about his early days of Bored Apes, digital culture, using crypto to turn an industry into a community, and FOTO – the collective he founded for training artists to work in Web3.
• FOTO boasts hundreds of members of amateur and professional artists today, who are curated by Knopf to exhibit at sponsored galleries and events.
• Time magazine partnered with FOTO on its own NFT drops in 2021, while Knopf’s work has also been featured in other notable outlets.

Taking Photos and Minting NFTs at the Ends of the Earth

CoinDesk’s Daniel Kuhn interviews Emmy award-nominated photographer John Knopf about his early days of Bored Apes, digital culture, using crypto to turn an industry into a community, and FOTO – the collective he founded for training artists to work in Web3.

FOTO: Elevating Digital Art Through Community Training

Knopf curates members‘ art from FOTO to exhibit at sponsored galleries and events. The idea is to elevate digital art; Knopf makes „no money from the artists whether their work sells or not.“ In 2021, Time Magazine partnered with FOTO on its own NFT drops.

National Geographic Acknowledgements

Knopf has worked as a landscape photographer for National Geographic since 2016. His work has been featured in other notable outlets such as The New York Times Magazine, The Washington Post Magazine and BBC Culture.

The Promise of Cryptocurrency

Knopf came into crypto during the heady days of the NFT bull market thinking he could make a „quick buck,“ but quickly became enthralled with the potential of distributed networks. He believes that Web3 is all about elevating one another and working to advance the art form.

Conclusion

John Knopf is an inspiring example of how cryptocurrency can be used to create meaningful communities around art forms like photography. His commitment to elevating digital art through his projects is commendable – making this medium more accessible than ever before!

• Rune Christensen, the founder of Ethereum’s MakerDAO, called for a rebranding of DAI stablecoin in order to make it more understandable for “normal people.”
• During a call to discuss MakerDAO’s decentralization plan (called „Endgame“), Christensen said that bad branding could be slowing the growth of DAI and suggested changing its name to include “USD.”
• He also proposed a complete rebrand, new name, look and approach to user acquisition in order to take control of the narrative.

Rune Christensen Calls for Rebranding of DAI Stablecoin

FinanceMakerDAO Founder Rune Christensen said on a call with community members that DAI suffers from bad branding that could be slowing its growth. He proposed a complete rebrand, new name, look and approach to user acquisition in order to take control of the narrative and make it more understandable for “normal people.“

Why Change The Brand?

DAI is the fourth-largest stablecoin with a market cap near $5 billion – and the only top stablecoin backed by a basket of assets. According to Christensen, this means that bad branding may be preventing its growth as potential users may not understand what it is or how it works. He believes that a change in name should reflect this use case by including “USD” so people know it is pegged against the US dollar but there is no guarantee such peg would hold.

„Endgame“ Plan For MakerDAO

The discussion about rebranding came amid a broader debate about Christensen’s „Endgame“ proposal for MakerDAO which he admitted few understand. This plan involves making DAI into more than just an asset but instead positioning it as something users can generate yield with while also being seen as „the safest and most reliable gamified crypto of all.“

Rebranding Initiatives

The initiatives put forth by Christensen involve creating an entirely new brand identity which includes changing both its name and look as well as introducing different approaches towards user acquisition. His argument was that such steps are necessary if they want their message to reach out beyond their current audience and attract more people into using their product.

Conclusion

By taking these steps, MakerDAO hopes to make their product more attractive and easier for people who are unfamiliar with cryptocurrency products so they can better understand them without feeling overwhelmed or intimidated by all the technical jargon surrounding them. With such initiatives in place, there is potential for DAI stablecoin’s growth rate increase significantly once again within the crypto marketspace.

• Bitcoin miners are starting to emerge from the brutal crypto winter, which saw several bankruptcies and fire sales.
• The rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.
• Lower energy costs have also given miners some breathing room, with shares of publicly traded bitcoin mining firms outperforming BTC so far this year.

Bitcoin Miners Emerge From Crypto Winter

The bitcoin mining industry appears to be getting back on its feet after a long crypto winter that saw major bankruptcies and fire sales. Even though mining economics have improved only marginally as bitcoin trades above $20,000, capital is starting to flow into the sector once again. Meanwhile, lower energy costs in the last few months have also given miners some breathing room. Shares of publicly traded bitcoin mining firms have outpaced bitcoin this year, with Core Scientific (CORZQ), Digihost and Cipher Mining (CIFR) leading the pack with 693%, 225% and double digit percentage growth respectively.

Investor Sentiment Driven by Price Action

„This shows that investor sentiment is still largely driven by BTC price action rather than mining fundamentals,“ Ethan Vera, chief operating officer at Luxor Technologies – a crypto mining-services firm – said. A composite index of public mining rig manufacturers, foundries and miners compiled by Luxor is up by 52% so far this year compared to bitcoin’s 44% rise. However, stock prices still have a long way to go compared to where they were last year before the crypto winter hit hard.

Reasons for Improved Prospects

The rally in bitcoin’s price is providing much needed relief for miners who are trying to survive in an increasingly competitive environment where survival depends on economies of scale and access to cheap electricity sources. Lower energy costs in recent months has also helped give miners some breathing room as they look towards more sustainable operations going forward.

Publicly Traded Bitcoin Mining Firms Outperforming BTC

Shares of publicly traded companies active in the space have significantly outperformed BTC so far this year: Core Scientific (CORZQ) has seen its equity grow 693%, followed by Digihost whose shares have risen 225%. Meanwhile shares of Cipher Mining (CIFR), DMG Blockchain (DMGI), Bitfarms (BITF), Iris Energy (IREN) and Bit Digital (BTBT) all doubled or more during the same period.

Conclusion

While there are signs that things may be improving for Bitcoin miners after a brutal market downturn last year, it remains unclear whether they will return to their pre-winter levels any time soon as investor sentiment continues to be largely driven by price action rather than underlying fundamentals such as access to cheap electricity sources or economies of scale advantages over competitors.

• The article discusses the importance of understanding how to use HTML in web design.
• It explains the various uses of HTML and how it can be used to create websites, blogs, and mobile apps.
• It also describes the different types of HTML tags and their use in creating content.

Understanding How To Use HTML In Web Design

HTML (Hypertext Markup Language) is a computer language used for creating websites, blogs, and mobile apps. It is an essential part of any web designer’s toolkit as it provides structure, style and formatting to content on the web.

Uses Of HTML

HTML can be used to create a wide range of different websites from simple single page sites to complex multi-page ecommerce stores. It is also used for creating blogs and mobile applications, as well as providing basic styling for text on webpages.

Types Of HTML Tags

There are a variety of different HTML tags that can be used to define elements on a webpage such as headings (

,

, etc.), paragraphs (

) and lists (

,
, etc.). Each tag has its own purpose and specific syntax that must be followed in order to ensure proper display within browsers.

Using CSS With HTML

CSS (Cascading Style Sheets) is another computer language that works alongside HTML to provide styling elements such as color, font type/size, background images/colors etc., which are not available with basic HTML tags alone. Using both languages together allows designers to create visually appealing websites quickly and easily.

Conclusion

In conclusion, understanding how to use HTML in web design is essential for any web designer looking to build effective websites, blogs or mobile applications. By utilizing both basic HTML tags and CSS stylesheets together you can create stunning visuals without compromising on functionality or accessibility standards.

• The U.S. SEC proposed a rule that would require registered investment advisors to store digital assets in “qualified custodians” outside of the crypto industry.
• Coinbase and BitGo may be able to qualify for qualified custodian status, but other crypto platforms may face additional risks.
• Lawyers and lobbyists are studying the potential repercussions of this proposal amid increased regulatory action from the SEC.

SEC Proposal on Investment Advisors

The U.S. Securities and Exchange Commission (SEC) recently put forward a proposal that would effectively require registered investment advisors (RIA) to go outside the crypto industry to store digital assets, marking its first formal policy push into the cryptocurrency sector. Under this rule, all clients‘ assets – including crypto assets – must be placed with „qualified custodians“ approved by the agency, which is limited to regulated financial institutions rather than just any crypto trading platform.

Potential Impact on Crypto Platforms

This new regulation could complicate advisers‘ use of certain crypto platforms and has left lawyers and lobbyists pondering its potential repercussions amidst increased regulatory action from the SEC. Overall, Coinbase’s Custody Trust Co., as well as BitGo may still be able to qualify for qualified custodian status; however, other platforms may face additional risks due to their inability to meet these requirements.

Increased Regulatory Action from SEC

The proposed rule is part of an increased effort from the SEC towards more stringent regulation of the cryptocurrency sector. By requiring RIA’s to use qualified custodians when storing client assets, especially those related to cryptocurrencies, it is clear that the agency aims to protect investors from fraud or negligence by ensuring that these funds are being stored safely by regulated financial institutions such as banks or trusts companies rather than unregulated ones like certain crypto trading platforms.

Benefits of Qualified Custodian Requirement

The requirement for investment advisors using qualified custodians could bring some benefits both for investors and those in charge of managing their portfolios alike – investors can rest assured knowing their funds are safe while advisors will have an easier time meeting compliance standards set out by regulators such as periodic audits and reporting requirements associated with these entities that they wouldn’t otherwise need if they were simply using unregulated exchanges or wallets instead. Additionally, it makes it easier for law enforcement agencies like FINRA or CFTC when investigating cases involving fraudulent activity related to customer accounts since they now have access not only records held by one individual entity (the exchange/wallet) but also those held by another (the qualified custodian).

Conclusion

Overall, while there are both pros and cons associated with this proposed regulation regarding qualified custodians, it is clear that increased scrutiny over how customers’ cryptocurrencies are stored is necessary in order to ensure investor protection against fraud or negligence – something which should benefit everyone involved in this rapidly growing market segment in one way or another over time!

• Stargate Finance’s native STG token surged 13% over the past 24 hours following its announced plan to team up with Avalanche-based decentralized exchange Trader Joe.
• The partnership with Trader Joe means that Stargate will support the increasingly popular JOE token, without requiring Trader Joe to maintain a liquidity pool on the platform.
• The Stargate DAO also passed a token re-issuance proposal following security concerns tied to an entanglement with Alameda Research.

Stargate Finance Token Surges

The Stargate DAO’s native STG token surged 13% over the past 24 hours following its announced plan to team up with Avalanche-based decentralized exchange Trader Joe. According to crypto data aggregator CoinGecko, it has risen about 50% in the past seven days and 150% this year, outperforming most altcoins in the current broader digital asset rally.

Trader Joe Partnership

The partnership with Trader Joe means that Stargate will support the increasingly popular JOE token, without requiring Trader Joe to maintain a liquidity pool on the platform. On Monday, Trader Joe announced its integration with LayerZero, making JOE a multichain token to be natively sent between blockchains.

Re-Issuance Proposal

The Stargate DAO also passed a token re-issuance proposal following security concerns tied to an entanglement with Alameda Research; bitcoin and ether trade slightly in the red. The decentralized autonomous organization’s community had been raising concerns about protocol-owned liquidity (POL) and STG holder security stemming from its entanglement with Alameda Research, the trading arm of disgraced crypto exchange FTX.

Security Concerns

Without a token re-issuance, a malicious actor or hacker could have misappropriated funds from Alameda’s wallets due to their lack of full control over them. As such, by passing this proposal, all STG holders would be provided protection against any potential malicious activity involving these tokens and their underlying assets.

Conclusion

In conclusion, trader joe’s integration into cross chain bridge protocol stargate finance is proving beneficial for STG holders as they are being provided protection against malicious activity while being able to take advantage of omnichain fungible tokens enabled by this partnership.

• Decentralized Autonomous Organizations (DAOs) are increasingly being used to manage and govern real-world assets.
• Challenges such as coordination and regulatory costs are holding DAOs back from achieving their full potential.
• Solutions such as new DAO laws and the collective governance of land by CityDAO are helping to address these issues.

Decentralized Autonomous Organizations (DAOs) have been gaining traction in the crypto-sphere for their ability to manage and govern digital assets and financial protocols. In 2021, however, DAOs made a break into the real-world, spurred on by new DAO laws in Wyoming, Vermont and Tennessee. These laws enabled a wave of crypto-collectives to pursue audacious acquisitions of real-world assets, such as rare art, a golf course, a copy of the U.S. Constitution, a National Basketball Association team and real estate. CityDAO, an experimental project that is looking to bring real world assets on-chain, even managed to collectively govern 40 acres of land in Wyoming.

Despite this progress, however, DAOs are still held back by various coordination and regulatory costs. The coordination costs arise from the need for DAOs to coordinate with multiple parties in order to achieve their goals. This can be a difficult and time consuming process, particularly when dealing with real-world assets. Regulatory costs, meanwhile, are a result of the need for DAOs to comply with various legal regulations, such as taxation and property law.

In order to address these issues, various solutions have been proposed. One such solution is the passing of new DAO laws in various states that enable DAOs to purchase real-world assets. CityDAO has also pioneered the use of collective governance, allowing members to collectively manage and govern land in Wyoming. These solutions are helping to reduce the coordination and regulatory costs that have been holding DAOs back from achieving their full potential.

• Pantera Capital, a crypto-focused venture capital firm, has released its 2023 forecast, which predicts that decentralized finance (DeFi) will be the future.
• The bear market in 2020 was worsened by a wave of exploits and bankruptcies, such as the implosion of FTX and Genesys.
• Ripple’s SVP of Global Customer Success, Brooks Entwistle, recently discussed the payment protocol’s crypto and blockchain predictions for 2023, which include the real-world utility of NFTs, CBDCs, and exploring crypto-based solutions for climate change.

The crypto-focused venture capital firm Pantera Capital has released its 2023 forecast, predicting that decentralized finance (DeFi) will be the future. For the past year, the crypto space has been grappling with the effects of a bear market, which was worsened by a wave of headline-grabbing exploits and bankruptcies, including the implosion of multibillion-dollar centralized exchange FTX and last week’s filing by crypto lender Genesys.

In an effort to stay ahead of the curve, Pantera Capital has been researching and forecasting the crypto markets in order to make informed decisions. The firm has identified several key trends that will shape the industry in the coming year, including the growth of DeFi, the emergence of new financial instruments, and the role of central banks in regulating the space.

Ripple, the world’s third-largest cryptocurrency, has also been active in predicting the future of the crypto space. Recently, their SVP of Global Customer Success, Brooks Entwistle, joined “First Mover” to discuss the payment protocol’s crypto and blockchain predictions for 2023. Entwistle highlighted the importance of the real-world utility of non-fungible tokens (NFTs), central bank digital currencies (CBDCs), and the exploration of crypto-based solutions for climate change.

Entwistle also discussed Ripple’s partnership with Solana and Global Blockchain Business Council to explore the role of blockchain technology in addressing climate change and other global issues. Ripple is also continuing to develop their own RippleNet protocol, which enables fast, secure, and low-cost payments around the world.

Pantera Capital’s 2023 forecast emphasizes the importance of transaction fees, liquidity, and usability moving forward. As the crypto space continues to evolve, these factors will be integral in determining the success of projects and investments. Pantera Capital also predicts that DeFi will continue to grow, as more people look to decentralize their financial investments and gain access to new financial instruments.

As the crypto space continues to grow and evolve, the predictions of Pantera Capital and Ripple will be essential in helping investors and users navigate the ever-changing landscape. With the emergence of new projects, the growth of DeFi, and the development of real-world applications, the crypto space is sure to be an exciting place in 2023.

• MakerDAO, the decentralized finance giant, approved a proposal to deploy up to $100M in USDC stablecoin to the DeFi protocol Yearn Finance.
• This decision will enable MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.
• The proposal was submitted at the end of November and was approved by 72% of the MakerDAO community.

The MakerDAO community approved a proposal on Monday to deploy up to $100 million in USD Coin (USDC) from its reserve into the DeFi protocol Yearn Finance. This decision opens up the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

The proposal submitted at the end of November was voted on by the MakerDAO community, with 72% of voters in favor of the plan. Once finalized, the funds will be transferred from the MakerDAO’s „peg stability module“ (PSM), which is used to back the value of Maker’s decentralized stablecoin DAI, into a bespoke on-chain vault on Yearn Finance.

MakerDAO’s decision to deploy funds into Yearn Finance is part of an effort to increase yield on its USDC deposits. The 2% annual yield on USDC deposits is expected to be a significant boost to MakerDAO’s returns and will help to secure the value of its DAI stablecoin.

The MakerDAO community is committed to delivering a safe and secure platform for users to store and use their assets. Deploying to Yearn Finance is part of this effort and is a testament to MakerDAO’s commitment to delivering a secure and safe environment for its users.

MakerDAO’s decision to open a $100 million USDC vault on Yearn Finance is an important step forward for the DeFi space. This decision will help to further solidify the use of stablecoins in the DeFi space and will help to drive the growth of this sector.

In addition to boosting yield on its USDC deposits, the decision to deploy funds to Yearn Finance will also benefit MakerDAO’s users. The increased yields on USDC deposits will help to further secure the value of their DAI stablecoins, meaning users can rest easy knowing that their assets are safe and secure.

Overall, the decision to open a $100 million USDC vault on Yearn Finance is a positive move for MakerDAO and the DeFi space. This decision will help to drive the growth of the DeFi sector and will provide users with increased yields on their USDC deposits.