In 2018, struck by the Securities and Exchange Commission’s series of refusals to approve a bitcoin ETF, a group of Goldman Sachs engineers and cybersecurity specialists set out to find a way to address the SEC’s concerns over the lack of investor protection in the nascent industry. Two years later, they launched market surveillance and risk monitoring firm Solidus Labs.
“If you believe as an investor that crypto, DeFi, Web 3 are going to continue to grow, you need to build healthy pipelines for this industry. This is exactly what Solidus is doing,” says Asaf Meir, Solidus’ founder and CEO. With new funds, Solidus hopes to accelerate the deployment of its intelligence tools and expand its research and development to address a fast-growing array of DeFi-specific use-cases. This may come especially handy as the cryptocurrency market is facing theof a prominent stablecoin TerraUST and its sister token LUNA, which lost 98% of its value yesterday.
While Solidus may come off as a latecomer to blockchain forensics, especially next to nearly decade-old outlets like Chainalysis and Elliptic, the company has secured formidable support from both former and current regulators. Among its other notable advisors are former SEC Commissioner Troy Paredes and new investor Brian Brooks, acting comptroller of the currency under President Trump who is now leading bitcoin miner Bitfury Group.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central African bank regulator reminds states of crypto banCentral Africa's regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender.
Source: Reuters - 🏆 2. / 97 Read more »
Central African bank regulator reminds member states of crypto ban, Reuters reportsThe reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra's native Luna asset resulted in big losses for many. Central Bankers are the eternal crooks Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. So this is who killed Gaddafi
Source: TheBlock__ - 🏆 464. / 53 Read more »
Robinhood Shares Jump 22% After Crypto CEO Sam Bankman-Fried Acquires StakeRobinhood shares jumped 22% after the CEO of a major crypto exchange took a stake in the retail investing app Thursday.
Source: nbcchicago - 🏆 545. / 51 Read more »
Bitcoin tumbles, a stablecoin plunges in wild week in cryptoIt’s been a wild week in crypto, even by crypto standards. Crypto bros with laser eyes having a bad week.
Source: KPRC2 - 🏆 80. / 68 Read more »
Nomura begins offering Bitcoin OTC derivatives to clients in Asia“Options enable investors to trade volatility directly and protect against downside risks in the crypto market,” said Rig Karkhanis, Nomura’s head of global markets for Asia ex-Japan. Why everybody is silent about this Nomura and Jim Cramer are inverse indicators.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto – Regulation Bitcoin NewsThe governor of the Bank of Spain, Pablo Hernandez de Cos, explained how he thinks cryptocurrency and defi regulation issues should be addressed. LOL - they want to regulate to get their pizzo, nothing else. They don't care sh*t if you lose your money in crypto - they just want their part, capisce? Double your $matic 👉🌏 MATlCx10
Source: BTCTN - 🏆 531. / 51 Read more »