Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by
Leading generative digital media developer droppGroup is thrilled to announce an extension of its current partnership with UC Berkeley, which is housed under the latter’s Launchpad organization. Through the collaboration, a benchmarking framework for droppGroup’s cutting-edge generative media intelligence (GMI) system—which creates multimedia content created by artificial intelligence (AI)—including 3D
The first Japanese stablecoin backed by bank deposits was introduced by Hokkoku, a provincial bank in Japan. This move caused quite a stir. Concerned Japanese crypto aficionados are weighing the benefits and drawbacks of the new development. Furthermore, the stablecoin’s functionality is under scrutiny. The success of their Tochituka app,
One of the co-founders of Tornado Cash, a crypto mixing service, Roman Storm, has moved to have the allegations against him dropped. After his arrest and subsequent charges stemming from his role in launching the platform, Storm has offered many legal defenses in an effort to dispel the allegations. Moreover,
March saw the most financing for cryptocurrency firms in 18 months, as a result of a deluge of early-stage investments into crypto and blockchain-related businesses. As per statistics, over $1.4 billion has been invested in cryptocurrency firms. March was the biggest month for the sector’s fundraising since September 2022, when
Custodia Bank, a digital asset bank, had its request for a declaratory judgment denied by the U.S District Court for the District of Wyoming, which also rejected the bank’s request for a master account with the U.S Federal Reserve. But Custodia insists it is not giving up and is looking
The U.S SEC has reached a settlement in a lawsuit that requested the disclosure of information pertaining to any conflicts of interest in the SEC’s enforcement actions regarding crypto. The head of the government watchdog group Empower Oversight explained the reasoning for the decision to settle the case with the
In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to
With its Initial Exchange Offering on Bybit, one of the top 2 exchanges in the world for derivatives volume and one of the top three exchanges globally by spot volume, Velar, the Bitcoin liquidity protocol that is bringing trillions of dollars in dormant capital to DeFi markets, is thrilled to
Unstable Protocol is working to revolutionize the rapidly growing Liquid Restaking Token Finance (LRTfi) space, having raised $2.5 million in its most recent seed investment round. Several ETH-aligned funds, including Lattice, Laser Digital (Nomura Group), Blockchain Founders Fund, Assouline Ventures, Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital, and
