Category Archive: Cryptocurrency, No picture
Aave Companies Upgrades Web3 Social Media with Lens Protocol V2
Lens Protocol, a social media platform built on blockchain technology by Aave Companies, has launched v2, its latest update, offering a variety of crypto-centric features and expanding the functionality of social networking in the Web3 ecosystem. Lens Protocol V2 – the next chapter in the evolution of Lens. V2 brings even greater control to builders […]
First Aussie Spot Bitcoin ETF Application Under New Rules
Monochrome, a Bitcoin-focused asset management company, and Vasco Trustees have lodged an application for Australia’s first fully licensed spot Bitcoin Exchange Traded Fund (ETF) as a first of its kind under the country’s new regulatory guidelines. Monochrome announced today on 14 July 2023, its Responsible Entity partner, Vasco Trustees Ltd, lodged an updated application with […]
Alex Mashinsky Pleads Not Guilty on All Counts, Released on Bail
Former CEO of Celsius Network, Alex Mashinsky, was arrested and charged on Thursday with securities and wire fraud among other offenses, according to Reuters: “Mashinsky, 57, arrived in federal court in Manhattan for his arraignment wearing a gray polo shirt, jeans and no handcuffs.” Mashinsky pleaded not guilty to all charges and was released on […]
Multichain Operations Halted in Wake of CEO’s Arrest
Multichain, the blockchain technology firm, has closed operations after a tumultuous series of events starting with the arrest of its CEO, Zhaojun, on May 21, 2023. The incident has led to operational difficulties due to the seizure of Zhaojun’s personal devices, containing the keys to Multichain’s server access and financial assets. In the past two […]
SEC Could Be Probed for Prometheum ‘Backroom Deal’
Congressman Ritchie Torres has submitted a formal request to scrutinize the controversial connection between the Securities and Exchange Commission (SEC) and cryptocurrency platform Prometheum, marking the latest move in the legal and political storm involving the SEC. 🚨 @SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a […]
Has Crypto Triggered Bank of America?
Within the traditional financial landscape, Bank of America, one of the most prominent U.S. banking institutions, finds itself under the spotlight following allegations of closing client accounts linked to cryptocurrency transactions. It started when Muneeb Ali, co-creator of Bitcoin’s layer-2 platform Stacks, asserted that BoA closed his personal account without offering a reason. Ali believes […]
XRP Declared Not a Security; Ripple vs SEC Coming to an End
Ripple Labs Inc., the blockchain-based payment protocol company, has won a significant legal battle against the U.S. Securities and Exchange Commission (SEC). In a case that has been closely monitored by the financial world since 2020, Judge Analisa Torres of the United States District Court, Southern District of New York, ruled on July 13 that […]
FTC Banned Celsius from Handling Customer Assets
The Federal Trade Commission (FTC) has struck a settlement with Celsius Network, a cryptocurrency platform currently in bankruptcy. The settlement, pending approval, will see Celsius permanently prohibited from dealing with consumer assets. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, stated in the press release: “Celsius touted a new business model but engaged […]
Zero-Knowledge Proofs Go Open Source: Not Only Blockchain Apps Can Benefit
ZKM, a leading provider of open-source, chain-agnostic zero-knowledge proof (ZKP) technology, has officially transitioned from its incubation phase within the MetisDAO Foundation: Why do this? Blockchain has huge potential. But there are so many “Ethereum killer” chains, the result is fragmentation. For most potential users, that’s overwhelming. So they stay away. ZKM aims to help […]
Supreme Court’s Student Loan Ruling Could be Coinbase’s Golden Ticket
Coinbase’s attorneys are referencing a Supreme Court decision on student loan debt to strengthen its defense against charges by the Securities and Exchange Commission (SEC). The cryptocurrency exchange stands accused of operating an unregistered securities exchange, an allegation it strongly refutes. Coinbase’s argument lies in the comparison to the Supreme Court’s recent ruling on student […]
