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Guillermo Jimenez

Guillermo Jimenez

Guillermo is Editor-in-Chief of Decrypt. He's based in Austin, Texas, and has previously worked as a writer, editor, and podcast producer for various publications. Disclosure: He holds BTC, ETH, and SOL.

Stories by Guillermo Jimenez

  • Crypto trading. Image: Shutterstock/Decrypt

    Solana Set for Another Tokenized Stock Venue as Formation Notifies the SEC

    A new firm is lining up to become one of the first to trade tokenized U.S. stocks onchain, notifying the Securities and Exchange Commission that it intends to run a tokenized securities venue on Solana. Formation Securities said Monday it had filed the notice to operate under the SEC’s “Innovation Exemption,” the conditional relief the agency issued in September that lets eligible tokenized stocks trade through permissioned automated market maker pools on qualifying venues. Trading is expected t...

    NewsBusiness
    2 min read
    Guillermo Jimenez
  • CoinDCX. Image: Decrypt

    India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

    Indian crypto exchange CoinDCX has admitted it lost about $16 million in an attack on its wallet infrastructure, reversing its co-founder’s earlier insistence that reports of a breach were a “false alarm.” In a blog post, the Mumbai-based exchange said 15.99 million USDT was drained and that it has absorbed the loss itself, stressing that customer funds remain safe. Myriad: Where does ETH go next? Click to make your prediction. The money moved on the Tron network on Oct. 21, and the company trac...

    NewsBusiness
    3 min read
    Guillermo Jimenez
  • CFTC. Source: Decrypt/Shutterstock

    CFTC Draws the Line Between Prediction Markets and Gambling in New Rules

    The Commodity Futures Trading Commission is pressing its claim over prediction markets, issuing a pair of measures Friday that would formally define event contracts as “swaps” under federal law while carving out traditional gambling. The first, a proposed rule opened for public comment, would expressly expand the definition of “swap” to include event contracts, including those tied to sports, politics, cultural events and weather. Myriad: Who wins the midterm elections? Click to make your predic...

    NewsLaw and Order
    2 min read
    Guillermo Jimenez
  • SEC commissioner Hester Peirce. Source: SEC/Decrypt

    In Her Final Weeks, SEC's Peirce Calls for Ending the KYC 'Panopticon'

    Departing SEC Commissioner Hester Peirce is making a case for using cryptography to overhaul how the financial system polices crime, arguing that regulators' hunger for personal data has built vast, hackable troves that endanger the very people they aim to protect. Speaking Wednesday at SIFMA's Digital Assets Conference in New York, Peirce said the "know your customer" and anti-money laundering regime rests on a flawed premise: that collecting enough information on enough people will help author...

    NewsLaw and Order
    2 min read
    Guillermo Jimenez
  • Decrypt and Rug Radio are changing "crypto media." Image: Decrypt/Rug Radio

    What 'The Merge' Means for Decrypt, Rug Radio and You

    Decrypt and Rug Radio are tying the knot—a union designed to create the first, honest-to-goodness, crypto-native media juggernaut. If it works, it’s going to change the way people think of “crypto media” forever. If it doesn’t, we’re keeping the kids. Jokes! Of course, we think it is going to work, and we’re looking forward to demonstrating how, exactly, all the pieces will fit over the next several months and years. Still, you, dear reader, likely have all kinds of questions swirling around in...

    NewsOur Company
    3 min read
    Guillermo Jimenez
  • New York Attorney General Letitia James. Image: Shutterstock

    New York Attorney General Sues KuCoin, Claims Ethereum Is a Security

    The New York Attorney General's office today filed a lawsuit against cryptocurrency exchange KuCoin for allegedly violating securities and commodities laws in the state. In the complaint, Attorney General Letitia James makes the startling claim that not only are Terra (LUNA) and TerraUSD (UST) securities, as previously alleged by the United States Securities and Exchange Commission, but also Ethereum (ETH), the second-largest cryptocurrency by market capitalization. “This action is one of the fi...

    NewsBusiness
    3 min read
    Guillermo Jimenez, Mat Di Salvo
  • Former FTX CEO Sam Bankman-Fried. Image: FTX

    FTX Founder Sam Bankman-Fried Arrested in Bahamas

    The disgraced ex-CEO of FTX Sam Bankman-Fried has been arrested in the Bahamas, according to a statement from the Royal Bahamas Police Force. Bankman-Fried, also known as SBF, was arrested following “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” a statement read. The US Attorney’s Office for the Southern District of New York confirmed the request in a statement via Twitter.  USA Damian Williams: Ea...

    NewsBusiness
    3 min read
    Guillermo Jimenez, Mat Di Salvo
  • Lady justice. Image: Shutterstock

    CFTC Sues a DAO, Raising Legal Questions for DeFi Founders and Users

    The regulatory crackdown on crypto continues. The Commodity Futures Trading Commission on Thursday announced settled charges against the founders of bZeroX, the company behind the bZx protocol. The CFTC fined bZx founders Tom Bean and Kyle Kistner $250,000 for allegedly “illegally offering leveraged and margined retail commodity transactions in digital assets,” as well as failing to adopt customer identification requirements known as KYC. But in a novel move, the CFTC also filed a lawsuit agains...

    NewsDeFi
    5 min read
    Guillermo Jimenez, Jason Nelson
  • CryptoPunks and Bored Apes are among the most popular NFT collections around. Image: CryptoPunks/Bored Apes Yacht Club

    Bored Ape Yacht Club’s Yuga Labs Acquires CryptoPunks IP From Larva Labs

    Yuga Labs, the company behind one of the biggest and most valuable NFT collections in the industry, the Bored Ape Yacht Club, today announced that it has bought the rights to the intellectual property of the CryptoPunks and Meebits collections from Larva Labs. And step one for Yuga Labs is to grant full commercial license to CryptoPunks and Meebits holders, according to a statement from the company: "With this acquisition Yuga Labs will own the CryptoPunks and Meebit brands and logos, and as the...

    NewsNFTs
    3 min read
    Guillermo Jimenez
  • The SEC. Image: Shutterstock

    SEC Rejects VanEck's Spot Market Bitcoin ETF

    Following a series of delays, the U.S. Securities and Exchange Commission today rejected investment firm VanEck's application to launch an exchange-traded fund that directly tracks the price of Bitcoin. In its ruling, the SEC again cited concerns that the Bitcoin spot market is prone to "fraud and manipulation." To date, the Commission has only allowed Bitcoin ETFs linked to futures, contracts that bet on the future price of Bitcoin and which are regulated by the CFTC, to move forward. New York-...

    NewsBusiness
    3 min read
    Guillermo Jimenez, Mat Di Salvo
  • Two of the TSM FTX Aurory NFTs. Image: TSM/Aurory

    Esports Giant TSM FTX Teams Up With Solana 'Blue Chip' NFT Game Aurory

    The most valuable esports company in the U.S., TSM FTX, is teaming up with arguably the most promising NFT gaming project on the fast-rising Solana blockchain network, Aurory. TSM, now known as TSM FTX, today announced a collaboration with Solana NFT gaming startup Aurory, which will see the esports company mint its first-ever collection of NFTs. All in all, four TSM-branded Aurory NFTs will be minted—one will be auctioned for charity, and another will be given away to a fan. The remaining two T...

    NewsBusiness
    5 min read
    Guillermo Jimenez
  • Grape is the tool that token projects on Solana use to build DAOs. Image: Grape

    Grape’s Token Sale Took Down Solana—Now It’s Raising More Money for Its Army of DAOs

    There are hidden chat rooms on the internet, where cryptocurrency investors and traders build communities, share secrets, and collectively decide what to do with the money that they make. You’ll find these rooms on Discord, a messaging app originally designed for gamers that’s quickly become the home of crypto natives in search of the next big thing. And on Solana, the fast-rising blockchain competitor to Ethereum, you have to use Grape to get through the crypto-gated gates. Grape Network is a s...

    NewsBusiness
    7 min read
    Guillermo Jimenez
  • Gary Gensler. Image: Third Way Think Tank

    SEC Chairman Hints at More Lawsuits Against Stock Token Issuers

    The U.S. Securities and Exchange Commission has spent the last four years attempting to rein in the largely unruly world of cryptocurrency trading. And that isn’t going to change under Gary Gensler’s watch, it appears. The newly appointed SEC chairman today told the virtual attendees of the American Bar Association’s mid-year program that more enforcement action—the kind that put an end to lucrative initial coin offerings (ICOs)—could be heading to cryptoland. “We’ve brought some cases involving...

    NewsBusiness
    3 min read
    Guillermo Jimenez
  • Elon Musk is the CEO of Tesla. Image: Shutterstock

    Elon Musk Will Have ‘No Role’ in Bitcoin Mining Council

    Elon Musk likes to keep himself busy—he cofounded PayPal, runs the multibillion dollar car company Tesla, and wants to "protect the future of consciousness by making life multi-planetary” through aerospace company SpaceX. But galvanizing Bitcoin miners toward a cleaner, more energy-efficient future won’t be on his to-do list—not formally, anyway. The Bitcoin Mining Council, a group of energy-conscious North American Bitcoin mining companies first revealed by Musk in a tweet in late May, debute...

    NewsBusiness
    3 min read
    Guillermo Jimenez
  • Investing in crypto may take some forward thinking. Image: Shutterstock

    Multicoin Launches $100M Crypto Fund with Sights Set on Solana DeFi

    When Kyle Samani and Tushar Jain launched Multicoin Capital’s first $10 million investment fund in late 2017, the combined value of the cryptocurrency market stood at just $170 billion. The crypto market has since ballooned to more than $2.2 trillion, and Multicoin Capital will need a good deal more than $10 million to fund its next cohort of crypto entrepreneurs—10 times more. The Austin-based investment firm today announced the launch of a $100 million venture fund, which it plans to use to ba...

    NewsBusiness
    4 min read
    Guillermo Jimenez
  • Ripple is a crypto payments firm. Image: Shutterstock

    Ripple Cites SEC’s Stance on Bitcoin, Ethereum in Lawsuit Defense

    Crypto payments firm Ripple today filed its response to the billion-dollar lawsuit it faces from the U.S. Securities and Exchange Commission. And it’s asking the court to look to the regulator’s position on Bitcoin and Ethereum as part of its plea. The SEC filed charges against Ripple, the company behind what was once the third-most capitalized cryptocurrency in the market in XRP, late last year. The Commission alleges that the firm illegally raised $1.3 billion through the unregistered sale of...

    NewsBusiness
    3 min read
    Guillermo Jimenez
  • NBA star Spencer Dinwiddie. Image: Wikimedia Commons

    NBA’s Spencer Dinwiddie raises lackluster $1.3 million in token sale

    Blame it on COVID: NBA star Spencer Dinwiddie has pulled off the historic sale of tokenized shares in his NBA contract. But the Brooklyn Nets guard only managed to get a tenth of what he was hoping to raise. Dinwiddie’s security token offering allowed investors to buy a stake in his $34 million NBA contract by purchasing SD26 Ethereum-based tokens. The sale, which closed earlier this month, offered up a total of $13.5 million worth of shares. But, according to an SEC filing submitted today, Dinw...

    NewsBusiness
    2 min read
    Guillermo Jimenez
  • Image: Shutterstock

    Stolen Bitcoin from Twitter hack is already being laundered: report

    How will the Twitter hackers cash out the Bitcoin they scammed from users following Wednesday’s epic breach? Put the coins through Bitcoin mixers to obfuscate their trail, and they’ve already started, according to crypto tracing firm Elliptic. The blockchain analytics company published a report earlier today that states it has uncovered evidence that the Twitter hackers have sent a portion of the Bitcoin they stole to an address it believes to be linked to a Wasabi wallet. Wasabi is a Bitcoin mi...

    NewsCoins
    2 min read
    Guillermo Jimenez
  • IMAGE: Unsplash

    “Anonymous” claims to be giving $75 million in Bitcoin to privacy startups

    A mysterious new website popped up yesterday that claims to represent the Unknown Fund, an anonymous organization that supposedly plans to “invest and donate” $75 million in Bitcoin to startups building privacy and anonymity tools. Based on its website, the Unknown Fund appears to be supported by individuals associated with the global hacktivist group Anonymous, which organizes via imageboards on 4chan.  News of the Unknown Fund was widely reported today throughout cryptoland—with one thing cons...

    NewsCoins
    2 min read
    Guillermo Jimenez
  • PHOTO CREDIT: Multicoin Capital

    Multicoin Capital hires former Google product manager Tony Sheng

    Austin, Texas-based cryptocurrency venture fund Multicoin Capital today announced the addition of Tony Sheng to its investment team. Sheng, a former product manager at Google and product lead at the Decentraland Foundation, joins Multicoin as a principal on the firm’s growing team. Given his experience in the tech industry, Sheng brings “a unique, user-focused perspective to the firm and the ecosystem as a whole,” Multicoin Capital Managing Partner Kyle Samani said in a company blog post. In the...

    NewsBusiness
    2 min read
    Guillermo Jimenez
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