ArkotNews

U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, says John Rizzo.

The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the European Union's upcoming MiCA crypto regulation.

Local stakeholders call the move a “marketing gimmick” while others say it's the most efficient way to distribute economic stimulus.

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.

The Arbitrum Foundation has pledged not to move 700 million ARB tokens until the DAO passes a budget for handling the controversial sum.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.