The United States Securities and Exchange Commission is investigating Yuga Labs over whether its Bored Ape Yacht Club Ethereum NFTs and the ApeCoin token are unregistered securities, according to Bloomberg. The report, which cites an unnamed source, claims that the agency is exploring whether the crypto startup broke federal law by issuing NFTs that act like stocks, as well as…
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.” Source: https://cointelegraph.com/news/us-treasury-s-ofac-and-fincen-announce-29m-in-enforcement-actions-again-bittrex
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% in 3 Days Ethereum’s gas…
There are over 4,000 active DAOs, with treasuries totaling around $20 billion, which has many speculating that DAOs may still be a growing trend. Source: https://cointelegraph.com/news/daos-are-in-era-3-0-thanks-to-an-infrastructure-renaissance-report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13. Source: https://cointelegraph.com/news/25k-or-15k-btc-cpi-and-us-inflation-data-coming-out-on-thursday-watch-the-market-report
Ethereum classic remained close to a three-month low in today’s session, as the token continued to extend recent declines. The token is now trading almost 15% lower in the last seven days. Near protocol was also lower, with it also falling to its lowest point since July. Ethereum Classic (ETC) Ethereum classic (ETC) continued to trade close to a three-month…
BTC price performance declines in line with U.S. equities ahead of classic volatility engendered by CPI data. Source: https://cointelegraph.com/news/bitcoin-prepares-for-cpi-showdown-as-btc-price-dips-below-19k-cost-basis
River Financial launches a new Lightning Network product for businesses and institutions. RLS has been the backend service provider of El Salvador’s Chivo Wallet for over a year.River has other well-known customers in the works to be onboarded to the Lightning Network. River Financial, a fintech company focused on Bitcoin services, has released River Lightning Services (RLS), a Lightning Network…
Josipa Majic explains what she and her partners did to build a crypto company at a time when investors were fleeing the space. Source: https://cointelegraph.com/news/crypto-stories-how-an-entrepreneur-raised-10m-for-her-startup-during-a-bear-market
BNY Mellon will begin holding Bitcoin and Ethereum on behalf of its customers with software developed alongside crypto custody provider Fireblocks. The service goes live on the bank’s accounting platform today for select investment firms, according to a report in The Wall Street Journal. This means BNY Mellon will store clients’ private keys and provide some bookkeeping on the crypto…
