Category : Blockchain

Blockchain

Coinbase Layer 2 Network

Coinbase's new layer-2 network, Base, has Ethereum supporters. One lawyer thinks the launch "opens the way" for the SEC to expedite its "secondary market agenda." (Read More)

Block's Cash App Bitcoin Revenue Falls 7%

Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY. (Read More)

The Fed Rejects Custodia Bank's Membership Application

The Fed rejected cryptocurrency-focused Custodia Bank membership again, citing "sound banking operations." (Read More)

Original Snow Crash Manuscript Goes Up for Auction

Snow Crash-inspired NFTs will also be auctioned. (Read More)

New York Attorney General Letitia James Sues CoinEx

CoinEx was sued by New York Attorney General Letitia James for selling bitcoin without registering. (Read More)

Frax Finance has voted to fully collateralizing

Frax Finance decided to completely collateralize the $1 billion capitalization Frax stablecoin. (Read More)

Chamber of Digital Commerce argues the SEC is overstepping its authority

The Chamber of Digital Commerce submitted an amicus brief asking the SEC to drop its case against former Coinbase employee Ishan Wahi for insider trading, alleging that the agency is trying to classify secondary market transactions as securities. (Re...

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities. (Read More)

Celebrities asked to dismiss second amended complaint in class-action lawsuit

Kim Kardashian, Floyd Mayweather, and others claim investors "suffered no damage from just hanging onto the tokens" in their dismissal request. (Read More)

DZ Bank to Integrate Digital Currencies Into Asset Management Services in collaborated with Turkish technology company

Metaco has also worked with Togg and UnionBank of the Philippines. (Read More)

Circle Plans to Increase Workforce by 15-25%

Circle's $42 billion USDC is the second-largest stablecoin behind Tether's USDT. (Read More)

Binance.US Could Be in Violation of Securities Law

SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets. (Read More)

Music streaming platform Spotify expands its Web3 efforts

Android users in the US, UK, Germany, Australia, and New Zealand may now access the playlists. (Read More)

The Development of Blockchain Chips

The new "fully homomorphic encryption" chip will let users operate on data without decrypting it. (Read More)

Former FTX CEO faces 12 criminal charges

District Judge Lewis Kaplan released a 12-count superseding indictment against Sam Bankman-Fried. (Read More)

Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development

The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development. (Read More)

POSA Publishes Two White Papers

The nonprofit cryptocurrency industry group Proof of Stake Alliance (POSA) has produced papers on receipt token legality. (Read More)

Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter

Coinbase exceeded Wall Street profit projections in Q4 2022 despite a drop in exchange transaction volumes. (Read More)

Team behind Friendsies NFT project refutes claims

NFTs Friendsies denies departing NFT after being called a "hard rug." (Read More)

Solana Spaces to Close Down Stores

Solana Spaces shuttered its two Solana-themed retail outlets in New York and Miami after seven months, citing a shift in investment emphasis. (Read More)

NFTs belonging to bankrupt hedge fund to be sold by liquidators

The liquidators said the "Starry Night Portfolio" of NFTs would not be sold. (Read More)

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities. (Read More)

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification. (Read More)

Coinbase Announces Launch of Ethereum Layer-2 Network

Coinbase will gradually decentralize the chain but not create a new network coin. (Read More)

Former FTX CEO's attorneys agree to pay for security expert to assist

SBF's lawyers sent a short letter to Judge Kaplan agreeing to employ a tech expert for the fraud case. (Read More)

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