A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ) has ordered a motion for a protective order to go to a magistrate judge. In an Aug. 16 filing in U.S. District Court for the District of Columbia, Judge Amy Berman Jackson said…
In this week’s newsletter, read about CBS Studios’ receiving approval for Star Trek NFT trademarks, check out how FC Barcelona acquired investment for its nonfungible token (NFT) initiative, and find out why NFT project y00ts is bridging to another network just months after its previous transfer. In other news, Canadian authorities are trying to create a repository for seized crypto…
SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is also based on Fantom. In consideration, Power will deploy…
Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media. In an Aug 16 post on his personal website, Buterin said that given X’s Community Notes were shown or not shown based “entirely by an open source algorithm”, the…
Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on Aug. 16, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin futures ETF in line with the regulator. As per the application, the fund will…
PayPal is “temporarily pausing” crypto purchases for British customers. UK users won’t be able to buy cryptocurrencies on the platform, the company confirmed to Decrypt today. “We are temporarily pausing the ability for U.K. customers to buy crypto through PayPal as we work to satisfy new regulatory requirements,” a representative said. A PayPal spokesperson did not expand on why the…
What do we talk about when we talk about culture and technology? I think a lot of us tend to talk about the culture of technology—about the few thousand people (myself included) who really care about this stuff, who live and breathe it. The parties they go to, the art projects they’re creating, the feuds that consume them. But there’s…
Crypto custodian BitGo has secured $100 million in a Series C financing round, propelling the company’s valuation to $1.75 billion. While the Palo Alto-based firm declined to disclose the participating investors, it said the fresh capital will be deployed to make strategic acquisitions and expand the company’s regulated custody, wallet, and infrastructure solutions globally. As for the acquisitions, the spokesperson…
Hardware crypto wallet provider Ledger is launching a new on-ramp solution with PayPal. Owners of a Ledger Wallet can now use their PayPal accounts to acquire cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Those acquisitions will be instantly transferred to their Ledger wallets, eliminating intermediary steps. For users who’ve transacted cryptocurrency using PayPal before, purchases in Ledger Live require…
A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions. Speaking exclusively to Cointelegraph, blockchain researcher, developer and cryptocurrency trader Kirill Kretov weighed in on the event after initially flagging the movement of the BTC which was mined just a…
