Stacy Elliott

Stacy Elliott

Stacy wrote for TheStreet Crypto after spending three years as a data analyst and product manager on the Goldman Sachs technology risk team. Prior to joining Goldman, Stacy led the data reporting team at Fortune. Before joining Fortune, she worked as a data reporter at Bankrate and the Star-Ledger. Disclosure: She owns less than 1 BTC and less than 2 ETH.

Stories by Stacy Elliott

SEC Punts on Bitcoin ETFs, Including BlackRock, Fidelity and More
The Securities and Exchange Commission (SEC) has said it needs a "longer period" to evaluate several spot Bitcoin ETF applications, including those of BlackRock, Wisdom Tree Funds, Invesco and Galaxy Digital, and Valkyrie Funds. One by one, the SEC disclosed delays today for nearly every outstanding spot Bitcoin ETF application, except for Global X’s—the SEC’s deadline to respond is Oct. 7. Notably, the regulator saved BlackRock, one of the world’s largest asset managers, for last. According to...
NewsBusiness
3 min read
André Beganski, Stacy ElliottAug 31, 2023
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Coinbase Acquires Stake in Circle, Dissolving USDC Issuer Centre
Centre Consortium, which issues second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority share in Circle Internet Financial, according to a blog post from the company. "Centre will no longer exist as a stand-alone entity and Circle will remain as the issuer of USDC, bringing any Centre governance and operations responsibilities in-house," Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong said in a jointly-authored blog post. The announcement added that revenue...
NewsBusiness
3 min read
Stacy ElliottAug 21, 2023
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Bitfinex Hacker Revealed: Razzlekhan's Husband Admits He Stole Billions in Bitcoin
Ilya Lichtenstein, who last month agreed to forfeit billions in a plea deal for his role in laundering funds from a 2016 hack of crypto exchange Bitfinex, has now admitted he was the hacker. Although it has long been suspected either Lichtenstein or his wife, Heather Morgan, were the ones who stole 120,900 Bitcoin, it's only now been confirmed. The new detail was originally reported by CNBC on Thursday. The couple appeared at a sentencing hearing today in Washington D.C. Bitfinex Hackers Agree...
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2 min read
Stacy ElliottAug 3, 2023
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Coinbase Enlists Coca-Cola, Atari Ahead of Base Mainnet Launch
In the run-up to launching mainnet for its Ethereum scaling solution, Base, next week, Coinbase has enlisted mainstream brands like Coca-Cola, Atari, OpenSea, Pixelmon, and Showtime to offer daily mints of on-chain collectibles. The mints will highlight "art, music, gaming, advocacy, and more" leading up to the August 9 launch for Base mainnet, Coinbase vice president of product Max Branzburg wrote in a blog post. The daily mints are part of what the company is calling "Onchain Summer." The comp...
NewsBusiness
3 min read
Stacy ElliottAug 3, 2023
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Former Binance US CEO Brian Brooks Joins Crypto Asset Manager Hashdex
Brian Brooks is dipping his toe into crypto once again—and has joined the board of crypto-focused asset manager Hashdex. It comes almost two years after the executive abruptly stepped down as Binance.US CEO just four months into the job—citing "differences over strategic direction." His ill-fated stint in the role wasn't mentioned in Hashdex's news release, which instead decided to focus on his time as Coinbase's chief legal officer, and acting U.S. Comptroller of the Currency. Brian Brooks Resi...
NewsCoins
2 min read
Stacy ElliottJul 20, 2023
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Robert F. Kennedy Jr. Wants Bitcoin Backed U.S. Dollars and Tax Breaks for Investors
Democratic Presidential hopeful Robert Kennedy Jr. has two daring new policies for his eventual administration: Exempt Bitcoin (BTC) holders from capital gains tax and back the U.S. dollar and Treasury Bills with a percentage of hard currencies, such as BTC. “Bitcoin is among the hardest currencies and the Kennedy administration is going to encourage its proliferation and propagation,” said Kennedy at a political action committee (PAC) event dubbed Heal-the-Divide. The first of Kennedy’s audacio...
NewsCoins
3 min read
Stacy ElliottJul 19, 2023
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Ruling on Ripple XRP Sales Sparks Optimism at Coinbase
If not for Federal Judge Analisa Torres, Coinbase’s first pre-trial hearing in its battle against the Securities and Exchange Commission might have garnered more attention. But Torres—who sits in the same Southern District of New York where Coinbase’s SEC case will be heard—stole the spotlight when she issued a partial ruling on the SEC v. Ripple Labs case Thursday morning. “The court ruled that Ripple’s XRP sales through digital asset exchanges are not securities transactions,” Coinbase Chief L...
NewsBusiness
2 min read
Stacy ElliottJul 14, 2023
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Judge Rules Ripple Sales of XRP Were Not Securities—Except to Institutions
The federal judge presiding over Ripple Lab's case against the Securities and Exchange Commission has ruled that the XRP token "is not necessarily a security on its face"—except when it was sold to raise funds from institutions. Federal district judge Analisa Torres ruled that programmatic sales to public buyers and distributions of XRP to Ripple Labs employees did not constitute the sale of unregistered securities. The court did not address secondary market sales of XRP on cryptocurrency exchan...
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1 min read
Stacy ElliottJul 13, 2023
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Gemini Lawsuit Accuses Barry Silbert and Digital Currency Group of Fraud
After threatening to do so for months, Gemini Trust Company accused Digital Currency Group (DCG) and its CEO Barry Silbert of fraud in a lawsuit filed Friday. In the complaint, the New York-based crypto exchange accuses DCG—parent company of bankrupt digital asset firm Genesis—and its founder of making "false, misleading, and incomplete representations and omissions to Gemini." Gemini and Genesis have been locked in a public battle over Gemini Earn, a program that allowed users to receive betwee...
NewsBusiness
3 min read
Stacy ElliottJul 7, 2023
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Terra Founder Do Kwon Back in Jail in Montenegro, Bail Revoked
Terraform Labs co-founder Do Kwon has had his bail revoked in Montenegro, according to a report from Bloomberg. The high court of Montenegro in Podgorica overturned a decision from two weeks ago to release Kwon and Terraform's former chief financial officer Han Chong-joon on €400,000 ($436,000) bail each. At the time, the court had ordered that the men would be placed under house arrest in Montenegro while they awaited trial. Bloomberg reports that Kwon "remains in jail" now following today's de...
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2 min read
Stacy ElliottMay 24, 2023
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Ledger Delays Plans for Private Key Recovery Service Following Controversy
After a week of vicious backlash from the crypto community, hardware wallet company Ledger has delayed the release of its private key recovery service. "We've heard your feedback on Ledger Recover," the company said from its main Twitter account yesterday, announcing plans to host a town hall over Twitter Spaces at 12:30 p.m. EST on Tuesday, May 23. On Tuesday morning, Ledger Chief Technology Officer Charles Guillemet said on Twitter that the company has "decided to accelerate our open-sourcing...
NewsBusiness
2 min read
Stacy ElliottMay 23, 2023
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Florida Governor Ron DeSantis Bans CBDCs in the State
Florida Governor Ron DeSantis signed a bill on Friday banning the use of a "centralized digital dollar," otherwise known as a central bank digital currency or CBDC, in the state. DeSantis has been relentless in his attacks on a CBDCs, saying last week that they were part of "woke politics" that he wants to combat. Now the portion of Florida law that defines money explicitly notes: "The term does not include a central bank digital currency." During the press conference, DeSantis posited that Pres...
NewsCoins
2 min read
Stacy ElliottMay 12, 2023
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Anthony Scaramucci Is Bullish As Ever, Says Bitcoin Is 'Definitely A Commodity’
For all the knocks he’s taken from and over his interest in crypto markets, Skybridge CEO Anthony Scaramucci says he hasn’t lost any enthusiasm for Bitcoin. “I’m not a cold figure in this space. I’m not an evangelist. I’m not one of these religious figures that’s going to chant ‘Bitcoin über alles’ no matter what is going on in life,” he told Decrypt during a recent interview for the gm podcast. “So I want to frame it from that perspective, and then tell you that I’m more bullish now than I’ve...
NewsCoins
3 min read
Stacy ElliottApr 15, 2023
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Marathon Digital CEO: Bitcoin Mining Bill 'Won’t Change Our Minds About Texas'
The Texas Bitcoin mining bill that the industry didn’t think would make it out of committee did. Then it cleared the State Senate, too—each time with the backing of unanimous votes. Despite the consternation from Bitcoin miners about the proposal that would cut into their earnings, Wednesday’s vote to send SB-1751 to the Texas House of Representatives happened in a mostly empty room during the local and uncontested session. That means, so far, things are proceeding as Marathon Digital CEO Fred T...
NewsBusiness
4 min read
Stacy ElliottApr 14, 2023
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Shanghai Arrival Could Push Major Players to Disembark
The Ethereum network’s just completed Shanghai upgrade represents a glowing exit sign for some centralized entities. The update, which went live on Wednesday at 6:27 p.m. EST, made it possible for validators who secured the network with more than 18 million ETH to initiate withdrawals. Those withdrawals fall into two main categories: partial withdrawals, which allow validators to collect their rewards and leave at least 32 ETH deposited to keep generating rewards, and full withdrawals, which pul...
NewsCoins
4 min read
Stacy ElliottApr 13, 2023
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FTX CEO Slams Exchange for Keeping Private Keys on Amazon Web Services
Nothing against Amazon Web Services. Very nice tool, but it’s not for a multibillion dollar company’s private keys—or anyone’s private keys, really. He didn’t write it that way in the interim report he filed yesterday, but it’s not hard to imagine FTX CEO John Ray III, who’s overseeing the company’s Chapter 11 bankruptcy restructuring, chastising its use of AWS the same way he did its use of QuickBooks for accounting. "Nothing against QuickBooks. Very nice tool," Ray said while testifying before...
NewsBusiness
3 min read
Stacy ElliottApr 10, 2023
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Is Texas Still 'Very Open for Business' for Bitcoin Mining?
Up until quite recently, Texas was “very open for business, as it were, for Bitcoin mining.” That’s how Jaime Leverton, CEO of Canadian Bitcoin miner Hut 8, put it on the latest episode of Decrypt’s gm podcast. “They have in West Texas, in particular, a lot of renewable assets that are looking for stable base loads like a Bitcoin miner can provide,” she said. “So I think it was just a really, really nice fit between the needs of the state and what a Bitcoin miner can uniquely provide as really...
NewsCoins
3 min read
Stacy ElliottApr 5, 2023
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SEC’s Coinbase Insider Trading Case Is Coming to a Close
Ex-Coinbase product manager Ishan Wahi and his brother Nikhil could soon reach a settlement with the U.S. Securities and Exchange Commission over insider trading charges against them, according to court filings. The SEC and the Wahis filed a joint motion on Monday asking that the Commission be given more time to respond to the Wahis’ November motion to have the charges dismissed. “At this time, the SEC has an agreement in principle with Ishan Wahi to resolve all of the SEC’s claims in this matt...
NewsBusiness
2 min read
Stacy ElliottApr 4, 2023
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His Excellency Has No Status: Justin Sun Is No Longer a Diplomat
Tron founder and Huobi adviser Justin Sun didn’t seem to want anyone to know he’s had to add an extra “ex” to “his excellency,” an honorific that he’s been proudly using for over a year. The Granada Government named Sun as its ambassador and permanent trade representative to the World Trade Organization in December 2021. But only seven months later, the New National Party that appointed him lost the general election to the National Democratic Congress. After the NDC took over, “all ambassadors w...
NewsCoins
4 min read
Stacy ElliottMar 31, 2023
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Ex-Binance US CEO Catherine Coley Hires Attorney for CFTC Lawsuit: Report
Ex-Binance US CEO Catherine Coley has hired an attorney to advise her in the Commodities Futures Trading Commission’s lawsuit against Binance, an anonymous source told Reuters. Coley is said to have hired Sullivan & Cromwell partner James McDonald, a former director of enforcement at the CFTC until 2020. Sullivan & Cromwell did not immediately respond to a request for comment from Decrypt on Thursday. The CFTC filed its lawsuit against Binance on Monday, a move that the crypto exchange called “u...
NewsCoins
2 min read
Stacy ElliottMar 30, 2023
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