Circle Backs Binance, Says SEC Can’t Regulate Stablecoins
Circle, the issuer of the USDC stablecoin, has filed an amicus curiae brief in support of Binance, the world’s largest crypto exchange, in its ongoing lawsuit with the SEC. Circle argues that stablecoins are not securities and should not be regulated as such by the SEC. An amicus curiae brief can provide additional information, arguments, […]
John Deaton Honored with ‘Crypto Defender of Freedom’ Award
XRP attorney John Deaton, who represents the 75,000 token holders in the Ripple vs SEC, has been awarded with the Defender of Freedom Award. The Defender of Freedom Award has been presented to XRP attorney John Deaton, who represents over 50,000 token holders in Ripple vs. the U.S. Securities and Exchange Commission (SEC). This follows […]
Epic Games Announces Layoffs of 830 Employees
“Spending way more than we earn” — CEO Tim Sweeney attributed layoffs to major structural changes in the company’s economics. Epic Games, the developer of Fortnite, has slashed 16% of its workforce, or approximately 830 employees, due to spending “way more” money than it was generating due to unrealistic expectations of metaverse-inspired revenue. In a […]
Trial Dates Unveiled: Sam Bankman-Fried to Face 6-Week Trial
Assistant U.S. Attorney Danielle Kudla stated that the Justice Department estimated the case would last between four and five weeks. Sam “SBF” Bankman-Fried, former CEO of FTX, will spend at least 21 days in court as part of his criminal trial, which will commence in earnest on October 4 and continue until November 9, according […]
PayPal Explores Blockchain’s Layer 2 Solutions and NFTs
PayPal’s blockchain patent aims to streamline payments between users and merchants across different network layers. PayPal is reportedly investigating new opportunities in the blockchain space, particularly with additional Layer 2 solutions and non-fungible tokens (NFTs). According to a succession of recently published patent applications, PayPal’s research and development priorities revolve around several key areas. The […]