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Search Results for: sec

Hamster Kombat Creators Shed Light on Game’s Origins and Second Airdrop

It would seem that among “clicker” games hosted on Telegram, Hamster Kombat is unrivaled, with over 250 million users. Despite the first airdrop for Hamster Kombat scheduled for this month. Little details about the game’s origins or developers have been revealed. Thus, leading crypto enthusiasts to wonder what’s next for

July 12, 2024 2 mins read

Coinbase Subpoena for SEC Chair’s Emails Faces Judicial Pushback

In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s

July 12, 2024 1 min read

US SEC Ends Investigation into Paxos Trust’s BUSD Stablecoin

After reviewing Paxos Trust Company’s Binance USD (BUSD) stablecoin, the U.S SEC has chosen to end its inquiry. Announced via a termination notice, the outcome brings much-needed clarity to the industry’s regulatory landscape regarding stablecoins. The acting chief of the SEC’s crypto assets and cyber branch, Jorge Tenreiro, notified Paxos

July 11, 2024 2 mins read

Majority of Cryptocurrencies Are Non-Securities as per CFTC Chair Behnam

The Senate Agriculture Committee recently heard testimony from CFTC Chairman Rostin Behnam, who addressed the topic of digital asset categorization in the context of the crypto market. Bitcoin (BTC) and Ethereum (ETH) were acknowledged as commodities under the Commodity Exchange Act by the U.S. Illinois court, according to Behnam. Additionally,

July 11, 2024 2 mins read

Will XRP Price Surge Post Ripple vs. SEC Legal Battle?

The overall crypto market, much to investor relief, has begun showing signs of price recovery. Leading cryptocurrencies have shown upward movements in price. Parallely, Ripple’s XRP also witnessed price hikes in Asian morning hours. The token recorded a 1.53% increase in price over the last 24 hours.  Notably, it initially

July 10, 2024 2 mins read

CBOE Files Form 19b-4s for Solana ETFs, SEC Has Until Mid-March 2025 to Respond

The Chicago Board Options Exchange (CBOE) has submitted form 19b-4s to the United States Securities and Exchange Commission (SEC) for the approval of Solana exchange-traded funds (ETFs). This move marks a crucial step towards the potential listing of Solana ETFs on regulated exchanges, opening up new investment opportunities for institutional

July 9, 2024 2 mins read

US Senate Urges Blockchain Testing for National Security

The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat

July 9, 2024 1 min read

Hexagate and eOracle Unveil Gate Security Oracle, Offering a Robust ‘DeFi Firewall’

The development of secure and decentralized protocols must prioritize the problem of trust and security. Due to present-day design trade-offs, projects often forego decentralization in favor of infrastructure that enables them to run efficiently, such as access to external market data. Simultaneously, this undermines the project’s general security, which in turn

July 9, 2024 3 mins read

PawFury (PAW) Secures $4M In Funding, Positioned To Surpass Chainlink And Avalanche

Both Chainlink and Avalanche have had rather eventful weeks in the cryptocurrency space over the past few days, with an exciting array of successes and disappointments. Chainlink stands right at the threshold to change how investment data is managed through its new partners, Signum and Fidelity International. This would mean

July 9, 2024 5 mins read

SSV Network Hits Milestone with 1 Million ETH Staked, Boosts Ethereum’s Security

SSV Network, a distributed validator network centered on Ethereum, has achieved a significant milestone in the restaking and staking ecosystems by achieving one million $ETH staked on its platform. After its permissionless network was unveiled in December 2023, the protocol went live officially, enabling a variety of partners and solo

July 8, 2024 2 mins read