Oregons Attorney General is planning to file a lawsuit against cryptocurrency exchange Coinbase.
As a reminder, the SEC dismissed that case with prejudice.
This pop in of political jockeying is an embarrassing waste of Oregon taxpayer dollars.
Coinbase is facing a new lawsuit by Oregon’s Attorney General over the selling of unregistered securities.Patrick T. Fallon/Getty
Powell runs Coinbases Base, an Ethereum-based blockchain that allows developers to create cryptocurrency tokens and related apps.
uhhhh WHAT is going on at@base?
Effectively bringing back the idea of NFTs by allowing creators to buy and sell speculative tokens against their content.
The concept has been tried before and proven to have any real utility other than manufacturing scarcity.
It could also require issuers to hold insurance to account for any lawsuits.
Other companies like Robinhood have leaned heavily into cryptocurrency andgambling contractsbased on the blockchain.
Industry insiders believe that the erasure of gains made last year is due to the broader economic climate.
It turns out that cryptocurrencies may not be a hedge against traditional finance as many proponents believed.
But crypto is a volatile sector and it is difficult to pin down short-term fluctuations.
Still, the Trump administration remains much more favorable to crypto than ever before.
New cryptocurrencies based on hazy promises continue to defraud everyday consumers as well.
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Two banks say Amazon has paused negotiations on some international data centers.
