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Search Results for: sec

SEC Commissioners’ Stance Fuels Debate on Staking for Spot Ethereum ETFs

Concerns over ETH staking are among the most contentious aspects of the upcoming spot Ethereum ETF. Among the most significant compromises that authorized issuers have been forced to make is to abandon their intentions for Ethereum staking. Commissioner Hester Peirce of the SEC has recently reignited optimism for the product,

July 17, 2024 1 min read

Ripple (XRP) Signals Recovery as Optimism Grows Pre-SEC Settlement

While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments.  The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that

July 16, 2024 2 mins read

Satoshi Protocol Secures $2 Million Seed Funding to Boost Developments

Satoshi Protocol, the first stablecoin protocol backed by Bitcoin, has secured $2 million in its seed round. Leading the fundraising round were CMS Holdings and RockTree Capital, with participation from prominent angel investors, Metalpha, Optic Capital, Side Door Ventures, and Cypher Capital, a multi-strategy crypto investment firm. With the help of the seed

July 16, 2024 1 min read

Pivot Backs Turf to Transform Competitive Web 3.0 Gaming & Esports sector

Pivot Selects Turf for Flagship Acceleration Program Pivot is thrilled to announce its strategic backing of Turf, an innovative on-demand eSports engagement and distribution network powered by dynamic prediction markets. Turf has been selected for Pivotʼs flagship acceleration program, markinga significant step in its journey to revolutionize the eSports and

July 15, 2024 3 mins read

Why is the SEC Making Exceptions for Banks in Implementing SAB 121?

The history of crypto’s battle with the SEC dates back several years. Amid the recent anti-SAB voting, the SEC has announced making exceptions for certain custody banks and broker dealers in crypto reports. This announcement has caused quite a stir, raising speculations in the market. Recently, Fox Reporter Eleanor Terrett

July 13, 2024 2 mins read

US SEC Ends Investigation into Stacks Blockchain Developer Hiro Systems

According to a regulatory document made public on July 12, the US SEC has ended its three-year investigation into Hiro Systems. The firm is the developer of Stacks layer-2 blockchain. And was involved in the $70 million token sales that took place from 2017 to 2019. Since its 2018 inception,

July 12, 2024 1 min read

Pixelverse Secures $2M from Leading Web3 VCs, Totaling $7.5M Raised

With the announcement of an additional $2 million in private fundraising, Pixelverse, a Web3 brand and game ecosystem, has brought its total raise to $7.5 million. The company’s expansion of its private round drew in several prominent web3 venture capital firms. The $2 million in investment was funded by Arc Community, Crit

July 12, 2024 2 mins read