Reports of the US SEC labeling financial titans’ registrations for spot Bitcoin ETFs as “inadequate” prompted US House Financial Services Committee Chairman Patrick McHenry to issue a warning to Chair Gary Gensler via Twitter. The crypto community has ridiculed the US SEC for approving a Bitcoin ETF based on leveraged
By submitting a motion to dismiss the complaint against it, Bittrex has advanced significantly in its legal struggle with the U.S. SEC. Bittrex argues in its new court filing that the SEC doesn’t have the jurisdiction to regulate cryptocurrencies as securities unless explicitly given that authority by Congress. This argument
On the heels of regulatory challenges from the U.S. Securities and Exchange Commission (SEC), Solana (SOL) has found support among some OG crypto natives. Taking to Twitter on June 30, Vitalik Buterin, the enigmatic co-founder of Ethereum, wrote that Solana is facing unprecedented challenges that may prove strenuous for the crypto
Mind Network, a cutting-edge platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its seed round fundraising, raising $2.5 million. The funding round included participation from Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave
Ryón Nixon, a founding partner of leading blockchain law firm Horizons Law and Consulting, has tweeted that the SEC’s characterization of SOL as being “labeled as a security is inaccurate.” Nixon, who served as Solana’s genesis general counsel (but who no longer currently represents Solana Labs/Foundation). He issued the tweet
Coinbase, the leading crypto exchange, has shared that Canadian lawmakers have recently released a comprehensive report that unequivocally supports the adoption and integration of blockchain technology. This significant move by the Canadian government marks a pivotal moment in the global blockchain landscape. Moreover, it creates expectations and anticipation throughout the
The tech world thrives on speed, and Algorand has just gone full throttle. With its latest feat, the blockchain giant is outpacing most sports cars and promising the world an experience that’s nothing short of a digital revolution. 👀Blink and you might miss it! 🏎️💨@Algorand now secures transactions faster than
Startale Labs Pte Ltd, a Web3 tech business that builds multichain apps and infrastructure, has received $3.5 million in investment from Sony Network Communications Inc. via a private issue of new shares. Startale Labs and Sony Network Communications will also look at prospects for extensive commercial partnerships with the common objective
Crypto miner Hut 8 said it has secured a $50 million credit facility with Coinbase Credit. The North American crypto miner said in a statement that it plans to utilize the loan funds for “general corporate purposes.” Thus, giving it more leeway financially and allowing it to better manage its
The full round will close later this year with an additional $20-30 million in funding to continue developing the Mythical platform’s infrastructure NEW YORK & LOS ANGELES–(BUSINESS WIRE)–Mythical Games, the next-generation gaming studio behind the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block
