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SEC Chair: Congress Should Regulate Crypto Exchanges

Securities and Exchange Commission (SEC) Chairman Gary Gensler said he thinks the cryptocurrency market, now worth $2 trillion, needs more regulation, CoinDesk reported. Gensler held his first public hearing since becoming head of the U.S. top regulator and said the SEC’s authority is restricted to securities and products or asset managers that may invest in crypto, according to CoinDesk. However, he said Congress should consider...

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Bitcoin Daily: Resorts World Las Vegas, Gemini Crypto Exchange To Allow Patrons To Use Crypto Wallets; Cantaloupe To Accept Crypto, Loyalty Points At Cantaloupe's Unattended Vending Locations

Resorts World Las Vegas and cryptocurrency exchange Gemini are now working together to “explore future opportunities” for casino patrons to pay for items using cryptocurrency, according to a press release. With the partnership, Resorts World is looking to become more crypto-friendly. The companies will be “pursuing creation and implementation of crypto-friendly services at best-in-class institutional rates across all areas of the...

startups

Bitski raises $19 million from a16z to become the ‘Shopify for NFTs’

For every crypto-skeptic that sees NFTs as yet another hype bubble, there’s an acolyte who sees NFTs as the key to unlocking the future of the creative web. Bitski, an SF-based startup that builds custom NFT storefronts for brands and creators, is banking on the latter, and they have new investors betting the same. The startup tells TechCrunch they’ve raised $19 million in a Series A led by Andreessen Horowitz. The firm joins a...