Alameda Research to sell interest in Sequoia Capital to Abu Dhabi
Alameda Research, FTX’s sister company, agreed to sell Abu Dhabi’s sovereign wealth fund its stake in Sequoia Capital for $45 million. The most recent development in the FTX bankruptcy case comes as a new agreement has been reached between the now-defunct cryptocurrency exchange and a business owned by the Abu Dhabi government. According to a […]
Meta is reportedly developing text-based decentralized social network
A text-based decentralized social network application that supports ActivityPub dubbed P92, is reportedly in the works by Facebook’s parent company Meta. A second text-based content app that will support ActivityPub is purportedly being developed by Meta, the parent company of Facebook and Instagram. Mastodon and other decentralized applications that compete with Twitter are powered by […]
Thai SEC calls for public feedback on crypto lending, staking ban
The Securities and Exchange Commission (SEC) of Thailand after placing a ban on crypto lending and staking by crypto firms is getting ready to hold another open hearing to get public opinion about the decision. The draft regulation forbidding virtual asset service providers (VASPs) from offering or getting engaged in any kind of crypto staking […]
SEC revokes crypto startup ParagonCoin’s registration
ParagonCoin, a crypto startup owned by American rapper Jayceon Terrell Taylor, best known by his stage name “The Game,” according to the SEC has violated securities laws for failing to submit required disclosures leading to its registration being revoked. The SEC withdrew the license of ParagonCoin Ltd, a cryptocurrency corporation that specializes in the marijuana […]