The Securities and Exchange Commission (SEC) has taken an unexpected step in its ongoing case against Binance, the world’s leading crypto exchange. This week, the SEC submitted a sealed motion with over 35 exhibits to the court. Filing documents “under seal” is not common practice for the SEC and allows for the submission of sensitive […]
Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) […]
In an effort to promote decentralization and responsible blockchain growth, four major Ethereum staking providers have agreed to a self-imposed limit of less than 22% of the total staking power on the network. This self-limit rule is seen as a proactive approach to mitigate centralization within the Ethereum ecosystem and ensure the blockchain has long-term […]
Former SEC Chairman Jay Clayton believes that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is inevitable. In a recent interview on CNBC Squawk Box, Clayton stated that it is clear that Bitcoin is not a security and that retail and institutional investors want access to it. He also noted that trusted […]
This week, Ethereum staking services have agreed to a 22% limit on all validators to ensure fair markets. August proved to be a costly month for DeFi as several protocols were collectively exploited for $16 million. Balancer protocol lost nearly $900,000 due to a vulnerability flagged months ago. Shibarium’s second launch proved more stable as […]
Dwayne Johnson (The Rock) and Oprah Winfrey have launched an initiative to help those affected by the devastating wildfires in Maui, Hawaii. The People’s Fund of Maui is open to contributors from all over the world and accepts donations in cryptocurrencies. Every adult resident of Lahaina and Kula is eligible to receive $1,200 per month […]
The United Kingdom has implemented the Travel Rule for crypto, which requires virtual asset service providers (VASPs) to collect, verify and share information relating to crypto-asset transfers. This rule applies to both inbound and outbound payments, and VASPs must make a risk-based assessment as to whether to make the cryptoassets available to the beneficiary. The […]
Swift, the global financial messaging giant, has partnered with Chainlink (LINK) to tackle the challenge of interoperability. This collaboration marks a significant milestone in the world of blockchain and tokenization, as it aims to streamline connections between different networks involved in a tokenization trial. In June, Chainlink and Swift unveiled a collaborative effort involving numerous […]
New York Judge Katherine Failla recently ruled that Ethereum (ETH) is a commodity, rejecting a class action lawsuit against the leading decentralized exchange Uniswap. Judge Failla is also in charge of the SEC’s ongoing case against Coinbase. In her ruling, she stated that the smart contracts involved in the exchange of ETH and Bitcoin were […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable layer one blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain.Idan Ofrat, co-founder and chief product […]
