The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow NYSE…
Some creators of Ethereum NFT projects are scrambling to secure their collections after Thirdweb, a prominent crypto development platform, disclosed issues with its smart contracts late Monday. Thirdweb wrote that a security vulnerability in a “commonly used open-source library for Web3 smart contracts” was discovered, and that it affects pre-built contracts offered by Thirdweb among others. Smart contracts hold the…
Companies connected to the crypto and blockchain industry in the United States reportedly spent roughly $3 million more on lobbying in the first three quarters of 2023 than over the same period in 2022. According to a Dec. 5 Reuters report citing data from U.S. government transparency group Open Secrets, crypto firms spent roughly $19 million on lobbying from January…
One month after releasing its Grok AI chatbot on Twitter, Elon Musk-backed AI startup X.AI has notified the Securities and Exchange Commission that it plans to raise up to $1 billion in equity. This is a developing story and will be updated as new information becomes available. Stay on top of crypto news, get daily updates in your inbox. Source:…
The New Jersey General Assembly may consider a bill that would decide when a digital asset or virtual currency is a security under state law. All virtual currencies issued and sold to institutional investors would be considered securities in the U.S. state of New Jersey under the bill introduced by Democratic Assemblyman Herb Conaway, Jr. on Nov. 29. According to…
Newly appointed Binance CEO Richard Teng attempted to draw a line under the crypto exchange’s past issues, conceding that compliance controls were “inadequate” and arguing that the company could “move past a challenging chapter.” Speaking at the Financial Times Crypto Winter Summit, Teng said that, “The compliance controls that we had in those early days were inadequate for the size of company…
IBM announced the launch of IBM Hyper Protect Offline Signing Orchestrator (OSO), an air-gapped cold storage solution for digital assets, on Dec. 5. Working with digital asset manager Metaco, an IBM partner and Ripple subsidiary, and tier-1 banks, IBM developed the end-to-end asset encryption service to address common vulnerabilities found in typical cold storage solutions. Per an IBM blog post:…
Bitcoin (BTC) clipped $44,000 later on Dec. 5 as the Wall Street trading session delivered more snap BTC price gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin applies more pressure to the bears Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on Bitstamp. Taking week-to-date gains to…
North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and a proponent of many pieces of crypto-focused legislation, will be retiring from Congress. In a Dec. 5 statement, McHenry said he would not seek re-election to the U.S. House of Representatives and is expected to leave Congress in January 2025. He will have served for…
After years of leaks and crypto rumors, the first trailer for Grand Theft Auto 6 has finally dropped. The trailer was initially planned for a release Tuesday morning, but more leaks on Monday afternoon inspired the studio at Rockstar Games to release the trailer late Monday night. Despite being only a brisk one and a half minutes in length, the…
