SEC drops Ethereum investigation to avoid ‘embarrassing’ court case

The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account. 386 Total views 5 Total shares The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community…

Competing motions for summary judgment saw a federal judge rule the U.S. Treasury was within its authority to declare Tornado Cash a sanctioned entity. A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six…

Over the course of 2020, numerous countries across the globe raced toward their own digital versions of their currencies, known as central bank digital currencies, or CBDCs. The crypto industry still has its selling points, however, even if most countries launched CBDCs, according to Jake Yocom-Piatt, co-founder of crypto project Decred.“I expect many nation states…

Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts. 165 Total views 17 Total shares The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks.In its August Crypto Outlook…

The security company wants to build a formally secure blockchain for DeFi 447 Total views 8 Total shares CertiK, a software security company active in the blockchain sector, announced the mainnet release of its own custom blockchain, the CertiK Chain.The new blockchain places a heavy focus on security, turning the previously static process of analyzing…

The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange.Robertson returns most of her assetsOn Oct. 7, Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued at about $9 million — to…

Cryptocurrencies like Bitcoin and Ether are considered to be commodities by the United States Commodity Futures Trading Commission and the Securities and Exchange Commission. 455 Total views 5 Total shares Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on…

It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price. 702 Total views 19 Total shares Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such…

Gemini Custody has quickly emerged as a leading platform for institutional investors. 963 Total views 9 Total shares The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time. In charting its impressive growth, Gemini touted growing participation from institutional investors…