Sat, October 24

Search Results for: sec

Alchemy Pay Secures Four New US State Licenses to Boost Reach Out

Alchemy Pay, a cryptocurrency payment gateway, has increased its US compliance with four additional licenses. On November 8th, Alchemy Pay confirmed that it has obtained money transmitter licenses (MTLs) in the states of Wyoming, Oregon, Oklahoma, and Minnesota. Nationwide Multi-State Licensing System and Registry data shows that with these additional

November 8, 2024 2 mins read

Trump’s Victory Puts Dan Gallagher in the Spotlight for SEC Chair

With Donald Trump’s recent U.S. presidential win, the global crypto community is buzzing with expectations over the next Securities and Exchange Commission (SEC). In the July campaign, Trump promised crypto supporters that he would fire the current SEC chair, Gary Gensler, “on day one” of his presidency. Gensler, known for

November 8, 2024 2 mins read

Solv Protocol Classifies Assets, Enhancing Security and Multichain DeFi Utility

Solv Protocol has announced the classification of underlying assets for its SolvBTC reserve. In doing so, the Solv protocol preserves liquidity while guaranteeing user security and yield-generating possibilities. With the implementation of cross-chain rate limitations and minting caps for novel reserves to control and reduce risk, these classifications aid in ensuring stability

November 7, 2024 2 mins read

SEC Seeks Dismissal of Kraken’s Key Defenses in Election Day Filing

The U.S. Securities and Exchange Commission (SEC) is seeking to dismiss critical defences raised by crypto exchange Kraken in an ongoing lawsuit. In a motion filed in the Northern District Court of California, the SEC argued Kraken had received sufficient notice of potential securities violations. The legal team, however, labelled

November 7, 2024 2 mins read

Who Will Replace Gary Gensler as the Next SEC Chair?

A change in leadership, especially a nationwide one can instigate a wave of changes. With new presidential terms incoming in the USA, its leading crypto regulator, the Securities and Exchanges Commission (SEC) is also expected to undergo a leadership change. This is in accordance with Donald Trump’s promise to fire

November 7, 2024 2 mins read

Cytonic Secures $8.3 Million Seed Funding To Solve Blockchain Compatibility

 Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that tackles one

November 7, 2024 3 mins read

Galaxy CEO Novogratz Backs Hester Peirce as Potential SEC Chair

Commissioner Hester Peirce has been outspoken in her criticism of SEC Chairman Gary Gensler’s strategy of regulating the cryptocurrency business via litigation rather than regulation. Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC. Having long pushed for a more deliberate and transparent

November 7, 2024 2 mins read

Swisstronik Secures $5M Investment From Syndicate Capital, Signalling Demand for Blockchain Compliance Solutions

Swisstronik, the blockchain platform for regulatory-compliant, privacy-preserving Web3 applications, today announced a $5 million investment from Hong Kong-based Syndicate Capital Web3 Venture Fund as part of its ongoing Private SWTR Token Offering. Combined with the previously raised $6.5 million, this investment highlights Swisstronik’s unique position in developing blockchain solutions that

November 6, 2024 3 mins read