The lack of crypto regulation in the United States has long complicating the lives of users and service providers, and now a judge has acknowledged the pain the judiciary feels from its absence too. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad for guidance in the case.…
Fresh off the success of a flawlessly-implemented merge event last month, Ethereum’s core developers are beginning to turn their attention to the network’s next, highly anticipated upgrade: Shanghai. The Ethereum Foundation on Friday announced the launch of a pre-Shanghai testnet it’s calling “Shandong.” Shandong will serve as a testing ground for numerous Ethereum Improvement Proposals (EIPs), which Ethereum’s core developers…
According to an announcement from Ripple’s core development team Ripplex, developers have introduced the first step toward Ethereum Virtual Machine (EVM) compatibility with the XRP-based sidechain XRPL. The XRPL is now live on Devnet and developers can “assess available technologies,” alongside deploying “existing Solidity apps on the EVM sidechain.” Ripple Core Developers and Peersyst Reveal First Phase of the EVM…
The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) filed a supplemental declaration Oct. 14 in the Voyager Digital case in which it stated that the SSB is investigating FTX Trading, FTX US and their principals, including co-founder and CEO Sam Bankman-Fried, for allegedly offering unregistered securities in the United States. FTX US won the auction…
Move over, Elon. Ye is getting his own social media platform. Kanye West, the controversial entertainer and supporter of former U.S. President Donald Trump, has agreed in principle to purchase the right-leaning social media platform Parler, according to Parler. Parlement Technologies is pleased to announce that it has entered into an agreement in principle for Ye, formerly known as Kanye…
In brief During the recent Terra meltdown and resulting crypto crisis, DeFi continued to chug along without a “hiccup,” Compound’s co-founder says. This distinction should be key in helping regulators see the value of DeFi, Leshner argues. There’s a way to view this summer’s crypto liquidity crisis—and the resulting bankruptcies and bailouts of centralized lenders—as having demonstrated that decentralized finance…
The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the Nasdaq Composite has rallied more than 3%. This indicates that the markets have shrugged off September’s high inflation reading and shifted focus onto the third-quarter earnings. The stock market’s recovery could pave the way for Bitcoin (BTC)…
Perhaps one of the most captivating signs of the industry’s maturity is the increasing amount of court cases in which crypto companies fight back against perceived regulatory abuses. Last week saw some major advancements in that direction. Digital asset manager Grayscale has filed its opening brief against the United States Securities Exchange Commission to challenge its decision denying Grayscale’s application…
Despite its reputation as an unpredictable and risky asset class, crypto hasn’t been especially volatile in recent weeks. According to crypto market data provider Kaiko, Bitcoin’s 20-day volatility has come to equal that of the NASDAQ for the first time in two years. But while Bitcoin’s price has remained roughly the same since the start of September, both the NASDAQ…
Blockchain software company Peersyst has launched an Ethereum-compatible sidechain on the XRP Ledger’s devnet, Peersyst and RippleX announced Monday. Devnets, or developer networks, are separate from a blockchain’s main network, or mainnet, and are used to test and troubleshoot new technologies. This means the Ethereum-compatible sidechain for XRPL is now live, but still in an early phase. The sidechain uses…
