Ethereum co-founder Vitalik Buterin, known for his outspokenness, recently voiced his displeasure with the present regulatory climate around cryptocurrencies and proposed a foolproof solution. In a response to a user on the Farcaster-based social media network Warpcast, Buterin laid out the present regulatory landscape and how it has effectively cornered
Installed crypto ATMs have increased by 17.8 percent to 38,279 in the last year, bringing them one step closer to the record of 39,541 established in December 2022. Coin ATM Radar reports that there was a net loss of 2,861 machines in 2023, but a positive trend has been seen
In order to deplete the supply, the Terra Luna Classic community proposes to burn 12 billion LUNC and 68 million USTC in contracts. Which include the Lido DAO rewards dispatcher. As part of the effort to revive and repeg to $1. The community has begun withdrawing LUNC and USTC from
On June 28, the US Internal Revenue Service (IRS) updated the industry’s understanding of who will be impacted by new reporting requirements for crypto brokers and released the final version of those rules. Moreover, decentralized exchanges and self-custody wallets are exempt from the new reporting requirements set forth by the
The US District Court of Columbia’s Judge Amy Jackson, passed her verdict for the Binance Vs. SEC case, dismissing partial claims of SEC. One of the dismissed claims, the SEC’s charge that Binance violated the Securities Act, received immense positive support from the crypto community. This is due to the
In a pivotal legal showdown, the largest cryptocurrency exchange Binance faced a mixed outcome in a recent court ruling against the U.S. Securities and Exchange Commission (SEC). Judge Amy Berman Jackson decided to proceed with several claims from the SEC, including allegations related to Binance’s staking program. And initial coin
21Shares, an asset management business located in Switzerland, has applied to launch a Solana ETF in the US. Subsequent to the pioneering action by big competitor VanEck, this filing arrives right after. The application is based on the idea that Solana does not qualify as a security in the United
MetaMask platform’s developer, ConsenSys Software Inc., has been unexpectedly hit with a lawsuit by the United States Securities and Exchange Commission (SEC). Just days after ConsenSys CEO Joseph Lubin voiced hope for better ties between authorities and the cryptocurrency sector, the company is facing legal action. Lubin expressed optimism because
Asset manager 21Shares filed the 8-A form with the SEC for its spot Ethereum ETFs, becoming the second firm in the market following VanEck.The past few days have witnessed an increased scrutiny on altcoin exchange-traded funds with multiple firms making crucial announcements. Initially, 21Shares partnered with Cathie Wood-led ARK Invest
Fully Homomorphic Encryption (FHE) Layer 2 blockchain Fhenix, has announced Encryption Day as an EthCC side event in Brussels. The one-day developer event, which will be held in the Belgian capital on July 9, will go over useful applications for ZK, FHE, and MPC inside the Ethereum ecosystem. Ethereum developers who
