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Search Results for: sec

Deribit Secures VASP License in Dubai, Moves HQ to the Region

Deribit, a global leader in cryptocurrency options and futures, is moving its operations to Dubai after a fresh green light from the region’s regulators. The Deribit group’s Dubai subsidiary, Deribit FZE, was declared by Deribit on April 2 as having obtained a VASP license from the Virtual Asset Regulatory Authority

April 3, 2024 1 min read

Io.Net and Allora Collaborate to Boost and Secure AI Development

A strategic alliance has been announced by GPU network that is decentralized io.net and Allora, a self-improving decentralized AI network. One of the best platforms for ML developers to quickly build scalable GPU clusters for AI model training and inference is Io.net. Moreover, io.net improves the computational efficiency and model accuracy

April 2, 2024 2 mins read

USDT Issuer Tether Completes SOC 2 Audit, Boosts Security Compliance

System and Organization Controls 2 (SOC) audits are the pinnacle of security compliance, and Tether has revealed that they have successfully completed one. The AICPA (American Institute of Certified Public Accountants) created the audit. According to a statement made by Tether CEO Paolo Ardoino on April 1, the audit highlighted

April 2, 2024 1 min read

Empower Oversight and U.S SEC Reach Settlement in Ongoing Lawsuit

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

March 30, 2024 2 mins read

Bitget Wallet Secures the Top Spot Globally in Swap Transactions, Surpassing MetaMask

Victoria, Seychelles, March 29th, 2024, Chainwire This week, Bitget Wallet recorded unprecedented highs in its weekly Swap order volume, with 388,757 transactions processed — almost 68,000 more than Metamask — and claimed the top global position. The 7-day swap trading volume is a crucial indicator of a platform’s liquidity and

March 29, 2024 3 mins read

MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees

London, United Kingdom, March 28th, 2024, Chainwire MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature. This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched

March 28, 2024 2 mins read

Fidelity Files S-1 Form for Spot Ethereum ETF With the U.S SEC

A major participant in the asset management industry, Fidelity Investments oversees $4.5 trillion in assets and has just taken a bold decision. A Spot Ethereum Exchange-Traded Fund (ETF) application was filed by the firm with the US SEC using an S-1 form. In their Wednesday filing, Fidelity hinted that they

March 28, 2024 2 mins read

DeFi Protocol Unstable Raises $2.5M, Eyes LRTfi Sector Development

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

March 27, 2024 2 mins read

SEC Seeks $1.95B Settlement from Ripple in Proposed Final Judgment

The U.S SEC has asked a New York court to consider the “severity” of Ripple Labs’ misbehavior as it seeks a settlement of almost $2 billion from the company. The SEC requested Judge Analisa Torres to authorize the fine. It comprises $876 million in disgorgement, $198 million in prejudgment interest,

March 27, 2024 1 min read

0G Labs Secures $35M Pre-Seed Funding to Develop Modular AI Blockchain

Leading Web3 modular infrastructure company 0G is happy to announce the completion of a successful investment round of over $35 million, made possible by the backing of several influential Web3 pioneers. Hack VC, No Limit Holdings, Arca, NGC, Paramita, Foresight, Crypto Banter, Joe Takayama, Santiago Santos, Alliance, Orange, Symbolic Capital,

March 27, 2024 3 mins read