Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The ruling by the United States Court of Appeals for the District of Columbia Circuit stated that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application by […]
A U.S. federal appeals court has granted Grayscale Investments’ petition for review in its lawsuit against the Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF application. The court ruled that the SEC must reverse its rejection of the spot Bitcoin ETF and review Grayscale’s application.The court highlighted that the SEC applied the Howey […]
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the year due to a slew of negative catalysts. These include an increase in BLUR token transfers to […]
Ripple Labs has been actively expanding its presence in Canada, collaborating with the University of Toronto and the University of Waterloo. The University of Waterloo has been researching Central Bank Digital Currencies (CBDCs) built upon the XRPL, and is set to unveil a prototype of a banking interface at UBRI Connect 2023. Ripple Labs has […]
Ingsai Finance Inc, a USA-based financial services company renowned for its expertise in high-frequency and algorithmic trading, has achieved a monumental stride towards its journey of prosperity. Grong Capital, a distinguished name in the investment realm, has announced a strategic infusion of $80 million into Ingsai Finance Inc. This financial boost is poised to propel […]
The United States Securities and Exchange Commission (SEC) recently charged entertainment company Impact Theory for allegedly conducting the sales of unregistered securities in the form of nonfungible tokens (NFTs) called “Founder’s Keys”. The SEC believes that the NFTs were investment contracts and qualified as securities, and that the company violated the Securities Act of 1933 […]
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million […]
Ripple Labs is celebrating a major victory against the Securities and Exchange Commission (SEC) in New York City on September 29, 2023. CEO Brad Garlinghouse expressed his excitement for the upcoming event and reflected on the difficult legal journey the company has gone through. Judge Analisa Torres ruled in favor of Ripple, stating that the […]
Digital Currency Group (DCG) has reached an agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors. The amended plan could result in 65% to 90% recovery on an in-kind basis, depending on the denomination of the […]
The United States Securities and Exchange Commission (SEC) has brought its first enforcement action against a player in the non-fungible token (NFT) space. The regulator charged Impact Theory, a Los Angeles-based media and entertainment company, with conducting an unregistered securities offering.Impact Theory sold approximately $30 million of NFTs, claiming that purchasing a Founder’s Key equated […]
