Guten tag, Blockfolians
The SEC continues to wind its way through legal action against companies that held token sales in the halcyon days of 2017-2018. The latest to settle is privacy protocol Enigma, who will refund certain investors, register tokens as securities, and pay an additional $500k. For some of crypto Twitter’s legal corps, this is getting routine:
Interestingly, this wasn’t the only post ICO news. While Enigma is saying this settlement allows them to move on and continue to build, a Korean startup Contents Protocol Team is shuttering and returning money to investors.
Highly Relevant Reading
🏧Coinbase receives vaunted status from Visa | Coinbase became the first pure crypto company to receive Visa Principal status, which means, among other things, that they could theoretically issue cards to other companies. Exciting progress or one step towards co-option by legacy finance?
😱Binance goes offline for several hours | CZ got the crypto community all in a tizzy when he announced unplanned maintenance. It turns out it was just an issue with market data not updating correctly, and everything is now back on line. Funds are SAFU!
🇺🇸IRS to hold crypto summit in March | As tax season moves on with ever more confusion around crypto taxes, the IRS is hosting a day long event with industry experts at the beginning of next month. Will something good come of it?
Pomp on how actively managed funds are under performing BTC
The Ethereum community begins to think more adversarially in the wake of DeFi attacks
A Really Big Number You Should Be Paying Attention To
That’s the amount of Aragon’s total supply of ANT tokens are now held by Tim Draper. The famed tech and crypto investor has bought a 1m ANT stake as Aragon pushes its (somewhat controversial) court live.
Is “flashloan” the first great crypto buzzword of 2020? 🤔