The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving […] Source: https://news.bitcoin.com/sec-warns-ftx-over-legality-of-crypto-asset-distribution-in-chapter-11-plan/
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto […] Source: https://news.bitcoin.com/crypto-market-wobbles-helium-gains-while-zcash-leads-weeks-declines/
On Sept. 1 at 21:44 UTC, layer-1 blockchain Cardano executed the ‘Chang’ hard fork at block 10,764,778, entering the “Voltaire Era” and introducing on-chain governance using its native token ADA. Following the hard fork, ADA token holders now have the power to elect representatives and vote on key development proposals. According to the Cardano roadmap, the Voltaire era “will provide…
SOL price has lost support and closed multiple daily candles below the 200-day EMA for the first time since September 2023. Source: https://cointelegraph.com/news/is-solana-price-dropping-under-100-in-september?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017. […] Source: https://news.bitcoin.com/bitcoins-august-slump-dormant-wallets-stirred-but-vintage-btc-spending-slowed/
Despite promises of decentralization, DAOs remain at the mercy of large tokenholders whose inactivity can be just as dangerous as their involvement. Source: https://cointelegraph.com/magazine/whales-humpy-gaming-dao-votes-solutions/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MemeFi is the latest Telegram tap-to-earn game to announce the initial details of its airdrop to players, with just over a month to go until MEMEFI tokens are handed out on October 9. With this news, however, there’s surely an influx of players joining the game for the first time, and veterans are no doubt looking to maximize their earning…
Amazon is set to overhaul its Alexa virtual assistant, integrating Anthropic’s Claude AI model to enhance its capabilities, with a new premium version scheduled to launch in October. Source: https://cointelegraph.com/news/amazon-to-revamp-alex-with-anthropic-s-claude-ai-model-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The U.S. Securities and Exchange Commission (SEC) has said it “reserves its rights” to object to proposals by FTX administrators to pay creditors in stablecoins. In a court filing released on Friday, the regulator said that it “is not opining as to the legality, under the federal securities laws, of the transactions outlined in the Plan and reserves its rights…
Qatar’s Central Bank governor believes that the framework will bring opportunities to the country’s financial sector. Source: https://cointelegraph.com/news/qatar-financial-centre-digital-assets-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
