Recently, the U.S. District Court for the District of Utah made a significant decision regarding the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. The court not only dismissed the case but also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. This ruling has
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In a bold move on May 29th, SEC commissioner Hester Peirce proposed a groundbreaking idea for a shared digital securities sandbox between the US and the UK. This proposal aims to extend the existing joint digital securities sandbox (DSS) between the Bank of England and the UK’s FCA to include US firms. The implications of
The year 2021 has witnessed a surge in the launch of meme coins, many of which have raised concerns about their legitimacy and ties to celebrities. The launch of JENNER on the Solana blockchain, endorsed by American celebrity Caitlyn Jenner, has particularly drawn attention to the risks associated with trading meme coins. Despite doubts from
Blockchain analytics firm Nansen recently uncovered DBS Bank, a major banking institution in Singapore, as a prominent player in the cryptocurrency market. The firm identified a crypto wallet linked to DBS Bank holding a substantial amount of Ether (ETH), totaling 173,753 coins valued at around $650 million based on current market prices. This revelation highlights
The recent surge in Ethereum whale activity has caught the attention of the cryptocurrency world. These large investors, known as Goliaths in the market, have been flexing their financial muscles in response to the green light for spot Ethereum exchange-traded funds (ETFs) from the US Securities and Exchange Commission (SEC). According to a report by
The world of cryptocurrency has seen a significant surge in meme coin prices, especially within the Solana blockchain ecosystem. One of the standout performers is dogwifhat (WIF), which has experienced a staggering 27% increase in value since the beginning of the week. Additionally, a new and exciting meme coin called Sealana (SEAL) has managed to
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has made headlines with its successful recovery of almost all of its customers’ digital assets after the bankruptcy of its crypto lending arm. This recovery has been hailed as one of the most successful in the industry to date. Gemini announced that its customers in
Senator Cynthia Lummis has been a vocal advocate for pro-crypto legislation and believes that the crypto market will play a significant role in the US economy. She emphasizes the importance of not squandering the opportunity that digital assets present. Lummis, along with other pro-crypto lawmakers, has worked tirelessly to educate their colleagues in Congress about
Gemini exchange recently announced that users of its Earn product received a remarkable $2.18 billion of their digital assets, accounting for 97% of the total owed to them. This significant recovery comes after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The assets were returned in kind, meaning that users
In a significant move towards enhancing community engagement and ownership in decentralized gaming platforms, The Sandbox has unveiled its latest innovation – The Sandbox DAO. This initiative is designed to empower SAND token holders and virtual LAND owners, representing in-game plots, to actively participate in the governance of the platform. By introducing a decentralized autonomous
