The United States Securities and Exchange Commission (SEC) believes Filecoin’s native FIL token is a security, crypto asset manager Grayscale Investments has revealed. According to the May 17 announcement, Grayscale lodged an application with the regulator to launch a Filecoin Trust product on April 14, which would provide investors with indirect exposure to the underlying FIL token. In a comment…
After yesterday’s controversial update, competitors are capitalizing on Ledger’s terrible, horrible, no-good-very-bad day by attempting to court its disillusioned customers with discounted prices on their offerings. In a stroke of rapid strategic marketing, four of Ledger’s main rivals were quick to respond to the community’s pushback to the update, and slashed prices on their products. Blockstream is offering a 10%…
The U.S. Securities and Exchange Commission believes Filecoin’s FIL token qualifies a security, according to a Wednesday announcement from Grayscale Investments. The major crypto investment firm had applied to the SEC to launch a Filecoin Trust product, which would give investors indirect exposure to FIL. (Disclosure: Protocol Labs, the company behind Filecoin, is one of Decrypt’s 22 investors.) But the SEC…
It turns out that years of movies showing countless doomsday scenarios around advanced AI does not endear the public to the idea of mainstream adoption of artificial intelligence. A new Reuters/Ipsos poll finds that 61% of Americans see AI as a threat to humanity—22% did not, and 17% were unsure. Since OpenAI’s ChatGPT was released in November, the race to…
Axie Infinity Origins, the blockchain-based, play-to-earn (P2E) game, has successfully cleared Apple’s rigorous App Store review process and the game’s app is now available for Apple iOS users. Sky Mavis, the creator behind Axie Infinity, has adopted a strategic approach by rolling out the game’s app in stages, with targeted release plans for various Latin American and Asian countries. Blockchain…
Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to a Reuters report. Judge Michael Wiles’ order approving the procedure was published by the court a day earlier. The so-called third bankruptcy plan was proposed on May 5 after Binance.US backed out of plans to…
The U.S. Securities and Exchange Commission believes Filecoin’s FIL token qualifies a security, according to a Wednesday announcement from Grayscale Investments. Major crypto investment firm Grayscale had applied to the SEC to launch a Filecoin Trust product which would give investors indirect exposure to FIL. (Disclosure: Protocol Labs, the company behind Filecoin, is one of Decrypt’s 22 investors.) But the SEC…
The U.S. Securities and Exchange Commission has reportedly labeled Filecoin’s FIL token as a security, according to a Wednesday announcement from Grayscale Investments. Major crypto investment firm Grayscale had applied to the SEC to launch a Filecoin Trust product which would give investors indirect exposure to FIL. But the SEC told Grayscale in a letter yesterday that FIL is a…
On May 17, the Captain Haiti Foundation, a 4947(a)(1) charitable trust, announced a $5 million raise sponsored by private equity firm Dargent Group. The Captain Haiti Foundation says the partnership aims to leverage blockchain technologies to “combat Miami’s housing crisis and the ongoing gentrification of the Haitian community [in Miami].” Nandy Martin, who is also known as Captain Haiti and…
Florida Governor Ron DeSantis signed a bill last week to ban central bank digital currencies (CBDCs) in the Sunshine State—and now others appear to want to follow in his footsteps. Currently, Louisiana, Alabama, Texas and North Dakota have all drafted bills opposing a digital dollar. CBDCs are a hot topic right now. Unlike cryptocurrencies such as Bitcoin or Ethereum, CBDCs…
