Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing.…
SEC drops to 2 members, and 1 hidden rule shifts crypto power
Hester Peirce’s Oct. 2 resignation has left Paul Atkins and Mark Uyeda as the SEC’s two listed commissioners. A new rule permits one eligible member…
FinCEN drops crypto mixing proposal as backlash kills rule
US Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on Oct. 5 that it is withdrawing a reporting proposal for crypto mixing, the use of techniques…
DOJ presses Tornado Cash prosecution as Treasury drops mixer reporting plan
Federal prosecutors are using a new Bitcoin Fog appeal to defend trying two counts against Roman Storm in New York. Their Oct. 5 letter asks…