• Rep. French Hill (R-Ark) announced that the newly formed U.S. House of Representatives subcommittee on digital assets, financial technology and inclusion will prioritize stablecoin legislation.
• Hill noted that the committee will also pursue a privacy statute federally, which is important to ensure that consumers and businesses can exchange digital assets with confidence.
• He also said that the committee plans to use its stablecoin draft as a model for how it will approach digital asset regulation moving forward.

The U.S. House of Representatives recently established a new subcommittee on digital assets, financial technology and inclusion, under the chairmanship of Rep. French Hill (R-Ark). On Thursday, Hill revealed the priorities of the subcommittee and highlighted the importance of stablecoin legislation in the United States.

Hill noted that stablecoins are a type of digital asset that have the potential to revolutionize the global economy, as they can be used to facilitate transactions quickly and securely. He went on to say that the subcommittee will use its stablecoin draft as a model for how it will approach digital asset regulation moving forward.

In addition to stablecoin legislation, Hill said that the committee will also pursue a privacy statute federally, which is important to ensure that consumers and businesses can exchange digital assets with confidence. He added that the subcommittee will also address the issue of which regulatory body, the SEC or the CFTC, will have explicit oversight on digital assets.

Hill concluded by emphasizing that the subcommittee’s goal is to ensure a secure, transparent and efficient digital asset industry in the United States. He said that the subcommittee will work with the industry to provide clarity on the regulatory framework and develop policies that protect both consumers and businesses.

Overall, Hill’s comments provide a good insight into the priorities of the subcommittee and show that the U.S. government is taking the digital asset industry seriously. It remains to be seen what the subcommittee will achieve in the coming months, but it is clear that the future of digital assets in the United States looks brighter than ever.

• Timothy Stranex, co-founder and chief technology officer (CTO) of cryptocurrency exchange Luno, departed in December 2020.
• Stranex was replaced as CTO by Simon Ince, who joined Luno as its vice president of engineering nearly two years ago.
• Luno’s parent company is Digital Currency Group and it has over 10 million customers worldwide.

Cryptocurrency exchange Luno recently made a major change to its executive team with the departure of its co-founder and chief technology officer (CTO), Timothy Stranex. Stranex had served as Luno’s CTO for nearly 10 years after founding the company with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. His departure in December 2020 was to “pursue personal projects”.

To fill the void left by Stranex, Luno hired Simon Ince as its new CTO. Ince joined the company nearly two years ago as its vice president of engineering. With Ince at the helm, Luno is confident in its ability to continue developing its products and services to meet the needs of its customers.

Luno is owned by Digital Currency Group (also the parent company of CoinDesk). It has offices in London, Singapore, Cape Town, Johannesburg, Lagos, and Sydney, and has over 10 million customers worldwide.

In the wake of Stranex’s departure, Luno CEO Marcus Swanepoel expressed his appreciation for the co-founder’s hard work and dedication to the growth of the company during his tenure. Swanepoel also expressed his confidence in Ince, stating that he is the perfect fit to lead Luno’s technology into the future.

With its new CTO in place, Luno is poised to continue its mission to democratize access to digital assets and make cryptocurrency accessible to all. The exchange is committed to innovating and creating products and services tailored to its customers, while also ensuring its platform is secure and compliant with regulations.

• Ethereum’s Beacon Chain staking contract has surpassed 16 million ETH, or 13.28% of the total ether supply, worth $22.38 billion.
• This milestone follows Ethereum’s successful shift to a proof-of-stake network in December 2020.
• Ethereum developers have determined that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023, which will enable Beacon Chain staked ether withdrawals.

Ethereum has achieved a major milestone after its successful shift to a proof-of-stake network in December 2020. More than 16 million ether (ETH) has been deposited into Ethereum’s Beacon Chain staking contract, data from Etherscan shows. This means that more than 13.28% of the total ether supply, worth $22.38 billion, has been staked on the network.

The Ethereum staking contract went live in 2020 and since then, the Ethereum network has seen a steady increase in staked ether. This milestone occurs as Ethereum developers determine that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023. This upgrade will enable Beacon Chain staked ether withdrawals.

The upgrade is a highly anticipated one, as it will enable users to withdraw their staked ether, which is currently impossible. This will open up a number of opportunities for users, such as the ability to earn rewards on their staked ETH, as well as the ability to use the staked ETH for everyday transactions.

Ethereum is currently the second-largest blockchain network, and its success has been attributed to its solid foundation and its ability to handle a large number of transactions. With the upcoming “Shanghai” hard fork, the Ethereum network is set to become even more powerful and reliable, as well as more accessible to users.

The Ethereum network promises to be an even more powerful and reliable network, as well as a more accessible one for users. With the upcoming “Shanghai” hard fork, users will be able to withdraw their staked ether, allowing them to reap the rewards of their investments. This opens up a number of opportunities for users, such as the ability to earn rewards on their staked ETH, as well as the ability to use the staked ETH for everyday transactions.

As the Ethereum network continues to grow and evolve, the number of users staking their ether is sure to increase. With the upcoming hard fork, users will be able to withdraw their staked ether, and this will open up a world of possibilities. From earning rewards on their investments to using their staked ETH for everyday transactions, the Ethereum network is sure to become even more powerful and reliable.

• The TON Foundation, the stewards of the TON network, have unveiled a data storage ecosystem called TON Storage, which aims to enable users to exchange files of any size and provide financial incentives to node operators for hosting files.
• TON Storage is built on the TON blockchain and will use a smart contract system to guarantee payments between node operators and users.
• The project hopes to solve large-scale data storage problems, providing users with a secure, reliable, and cost-effective solution.

The TON Foundation, the stewards of the TON network, have recently announced the launch of a data storage ecosystem called TON Storage. With this new project, the Foundation aims to revolutionize the way users store and exchange files of all sizes.

TON Storage is built on the TON blockchain, which utilizes a proof-of-stake consensus mechanism to ensure secure and reliable data storage. This blockchain is designed to be extremely scalable, and it allows for the creation of smart contracts which guarantee payments between node operators and users. This incentivizes node operators to provide reliable and cost-effective service for users.

The project also provides users with a secure and reliable solution for storing and exchanging large files. With TON Storage, users can store and transfer files of any size without fear of data loss or corruption. Additionally, the project’s smart contract system ensures that payments are made on time to node operators, ensuring reliable and cost-effective service.

The TON Foundation hopes that the TON Storage project will help to solve large-scale data storage problems. The project’s scalability and reliability make it an attractive option for those who need to store and exchange large amounts of data. Additionally, the project’s smart contract system ensures that payments are made quickly and reliably.

Overall, the TON Foundation is confident that the TON Storage project will provide users with a secure and reliable solution for storing and exchanging large files. Furthermore, the project’s smart contract system ensures that node operators are paid properly for their services. With this project, the TON Foundation is looking to revolutionize the way users store and exchange data, making it easier and more secure than ever before.

• Sam Bankman-Fried, the founder of FTX and Alameda Research, was arraigned in a Manhattan court on Tuesday for violating campaign financing laws by making tens of millions of dollars of illegal campaign contributions through straw donors.
• The indictment alleges that SBF stole funds from FTX customers and illegally transferred them to Alameda, facilitated money laundering through FTX accounts, and violated campaign finance laws.
• Attention now turns to the legal process leading to the trial, scheduled to begin in October.

Sam Bankman-Fried, the founder of FTX and Alameda Research, appeared in a Manhattan court on Tuesday to face charges of violating campaign finance laws. The indictment, which was made public on Dec. 13, 2022, alleges that Bankman-Fried made illegal campaign contributions totaling “tens of millions of dollars” through “straw donors”.

The indictment further alleges that Bankman-Fried stole funds from FTX customers and illegally transferred them to Alameda, and facilitated money laundering through FTX accounts. In addition, the indictment claims that he violated campaign finance laws by making illegal campaign contributions.

The arraignment of Bankman-Fried has now shifted attention to the legal process leading up to the trial, which is scheduled to begin in October. During the trial, prosecutors will present evidence to prove that Bankman-Fried knowingly violated campaign finance laws by funneling money through third parties in order to influence the outcome of elections.

The trial is expected to be a complex and lengthy process, as it will involve a significant amount of evidence, including data from the Federal Election Commission, financial records, and interviews with witnesses. It is also likely that the prosecution will call upon the testimony of Bankman-Fried’s “wealthy co-conspirators”, who are believed to have played a role in the illegal campaign contributions.

At the conclusion of the trial, Bankman-Fried could face up to 20 years in prison, as well as a hefty fine. He has denied all of the allegations against him, and his legal team is expected to vigorously defend him during the trial.

Regardless of the outcome, the case against Bankman-Fried is sure to have a lasting impact on how campaign contributions are monitored in the United States. It is yet another reminder that those who break the law can expect to be held accountable for their actions.

• Sam Bankman-Fried has plead not guilty to 8 criminal charges
• Possible explanations for his plea include strategic reasons or delusion
• It is unlikely he will win a verdict of innocence at his October trial

FTX founder Sam Bankman-Fried has entered a plea of not guilty to eight criminal charges brought by the United States government. On Tuesday, news broke that the disgraced Alameda Research and FTX founder would be entering a not guilty plea in relation to the charges, which include conspiracy and wire fraud.

The decision to plead not guilty has brought into question what Bankman-Fried’s reasoning behind the plea might be. Some have theorized that the plea could be a strategic move, intended to show confidence to the public and investors, or to potentially try and secure a better plea deal. Others have speculated that Bankman-Fried and his allies may be living in a state of delusion, and that may be why he chose to plead not guilty.

Regardless of the reason behind his plea, the reality is that Bankman-Fried is unlikely to win a verdict of innocence at his October trial. There is a large body of evidence, including documents and witness testimony, that points to Bankman-Fried’s guilt in the case. The charges are serious, and it is unlikely that Bankman-Fried will be able to convince a jury of his innocence.

Ultimately, Sam Bankman-Fried’s decision to plead not guilty to eight criminal charges may have been for strategic reasons, or it may be out of a misguided belief that he is innocent. Whatever the reasoning, it is unlikely that Bankman-Fried will be able to win a verdict of innocence when his case goes to trial in October.