Coinbase Sues SEC Over Crypto ETF Application Delay
Coinbase has filed a lawsuit against the SEC for its “unreasonable” delay in responding to its application for a crypto-based exchange-traded fund (ETF). The exchange claims that the SEC is acting in bad faith and creating uncertainty for the crypto industry. Coinbase, the largest cryptocurrency exchange in the US, has taken legal action against the […]
Paradigm Files Amicus Brief in US SEC Suit Against Terra and Do Kwon
Paradigm, a crypto-focused investment firm, has filed an amicus brief in the US SEC lawsuit against Terraform Labs and its co-founder Do Kwon, challenging the SEC’s theory that stablecoins are securities. The venture capital firm was never invested in the Terra ecosystem and will support neither the SEC nor Terra and Do Kwon in the […]
Ethereum ICO participant moves one ether after 7.5 years of dormancy
An Ethereum address that participated in the blockchain’s ICO in 2014 has just made its first transaction after 7.5 years of dormancy. The address bought 2,365 ether in the ICO and has increased its value by over 600,000% since then. A test transaction or a sign of selling? The address was sent one ether to […]
Zimbabwe Bets on Gold-backed Digital Currency to Beat Inflation
The Reserve Bank of Zimbabwe plans to launch a digital currency backed by the country’s gold reserves and used as legal tender. The move aims to stabilize the Zim dollar, which has been losing value against the U.S. dollar. RBZ hopes people can exchange their Zim dollars for gold-backed tokens to protect their savings from […]
Grimes to share royalties with AI musicians
Grimes tweets her support for AI-generated music that uses her voice, saying she is ready to be a “guinea pig” and share royalties with AI creators. The Canadian musician and producer Grimes has expressed her support for AI-generated music that uses her voice, saying she is ready to be a “guinea pig” for the new […]