Hey there fellow crypto degens,
We curate the best educational resources in crypto. Here’s a digest of the top content from The Crypto Illuminati this week.
Featured Tweet:
Crypto 💰: a currency built on math and cryptographic principles.
Blockchain 🔗: the decentralized technology for storing and accessing data.
Web3 🌐: the future of blockchain with DAOs, NFTs, DeFi, and more exciting concepts and applications being developed 🚀.
— The Crypto Illuminati (@0x_illuminati)
May 1, 2023
Got your cup of coffee ready? Alright, let's jump right in ☕
🧵🧠 Coinbase's SEC Takedown: How Will It Unfold?
Coinbase has filed a court action against the SEC, seeking specific rulemaking on crypto assets, in a move towards clear and fair regulation in the cryptocurrency industry.
The article discusses the potential impact of the Major Questions Doctrine and the ongoing struggle for regulatory clarity, as well as the Bahamas' proactive steps towards adequate systems and controls for crypto exchange operators.
Key takeaways:
1. Coinbase's court action seeks tailored exchange rules, which could bring strategic advantages to the company in the face of potential enforcement action by the SEC.
2. The Major Questions Doctrine could play a crucial role in the ongoing litigation process concerning crypto regulation.
3. The Bahamas' DARE bill aims to ensure that crypto exchange operators have adequate systems and controls in place, with expanded definitions, disclosure requirements for crypto staking, and tighter rules for stablecoin issuers.
Counter arguments:
1. The battle for clear and fair regulation is expected to take years, causing uncertainty for industry stakeholders.
2. The future of cryptocurrency regulation remains uncertain, despite proactive steps taken by countries like the Bahamas.
Keep reading 🍿
🚀 Ethereum Ascends: Best of ETHGlobalTokyo
The article provides a recap of the ETHGlobalTokyo event, highlighting the latest developments and innovations in the Ethereum community.
Key takeaways:
1. ETHGlobalTokyo featured cutting-edge technology, inspiring talks, captivating workshops, and brilliant minds gathered in Tokyo, Japan.
2. The event showcased the potential of blockchain, with privacy and scalability as top priorities.
3. Attendees were impressed by the creativity of the MetaMask Snap built by one of the participants.
Keep reading 🍿:
🎨 Crypto Canvas: NFTNYC's Finest Moments
The article highlights the best moments from NFTNYC, an event that brought together artists, creators, and enthusiasts from all over the world to showcase the exciting potential of NFTs and crypto.
Key takeaways:
1. NFTNYC brought together some of the industry's most creative and innovative minds.
2. The event showcased incredible art and highlighted the potential of NFTs and crypto.
3. Attendees enjoyed various activities, including art exhibits, coffee presale tokens, and smart marketing.
Keep reading 🍿:
Coinbase vs SEC: who will win? |