David Schwartz, the CTO of Ripple, has called for legislative action to clarify regulations surrounding digital assets in the United States. In a series of tweets, Schwartz emphasized the need for a balanced approach to regulation and expressed skepticism that courts alone could effectively define what constitutes a security in the context of digital tokens. […]
Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result of this funding, Wormhole has decided to spin off into Wormhole Labs, further emphasizing its commitment to expanding its cross-chain capabilities. This move is […]
Charlie Munger, the long-time right-hand man of Warren Buffett and vice chairman of Berkshire Hathaway, has passed away at the age of 99. Munger, who played a crucial role in turning Berkshire Hathaway into a successful investment firm, had a net worth of $2.6 billion. He was known for his sensible stock-picking and investing approach. […]
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a deal to potentially resolve an ongoing lawsuit. Genesis filed a document with a New York Bankruptcy Court stating that DCG has agreed to repay its outstanding $324.5 million in loans by April of next year. This agreement would allow Genesis […]
The United States Securities and Exchange Commission (SEC) has taken the next steps in considering the proposed Bitcoin exchange-traded fund (ETF) bids by Franklin Templeton and Hashdex. The agency has requested written comments on both proposals, giving a 35-day open period for comments and responses. The SEC is particularly interested in issues related to potential […]
A U.S. court has granted permission to Jump Crypto, a “third party” in the SEC’s case against Terraform Labs, to submit certain information confidentially. The SEC has accused Terraform Labs and its founder, Do Kwon, of offering and selling unregistered securities and engaging in fraud, resulting in the collapse of the TerraUSD stablecoin. Jump Crypto […]
Cardano co-founder Charles Hoskinson has criticized U.S. regulators for categorizing ADA and other cryptocurrencies as unregistered securities while giving bitcoin a pass. Hoskinson argues that bitcoin could also meet the legal criteria of an investment contract due to the broad nature of securities laws. The Securities and Exchange Commission (SEC) chairman, Gary Gensler, has suggested […]
Franklin Templeton has submitted an updated filing with the SEC to launch a Bitcoin exchange-traded fund (ETF). This comes shortly after the SEC’s decision to delay a previous proposal. The Franklin Bitcoin ETF, if approved, would be listed on the New York Stock Exchange’s Arca platform and would aim to track the performance of Bitcoin’s […]
Charlie Munger, the legendary investor and longtime partner of Warren Buffett, has passed away at the age of 99. Munger was known for his successful career in investing and his outspoken criticism of cryptocurrency. He believed that cryptocurrencies were a poor investment and often referred to them as “noxious poison” and “turds.” Munger’s views on […]
A federal judge has approved the confidential treatment of certain materials produced by Jump Crypto Holdings, the crypto arm of Jump Trading, in the ongoing case against Terraform Labs by the United States Securities and Exchange Commission (SEC). Jump Crypto Holdings has been under scrutiny for its alleged involvement in the events leading to the […]
