Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call...
Gemini’s upcoming initial public offering (IPO), expected Friday, has reportedly been oversubscribed more than 20 times, as crypto and blockchain companies continue to attract investor attention.According to Reuters on Thursday, citing people familiar with the matter, Gemini and its bankers...
SwissBorg, a Switzerland-based crypto wealth management platform, said hackers exploited a vulnerability in the API of its staking partner Kiln, draining about 193,000 Solana tokens from its Earn program. The SwissBorg app and other Earn products were not impacted by the...
Several financial institutions and market analysts are now projecting the US Federal Reserve, the country’s central bank, will slash interest rates from the current target rate of 4.25%-4.5% at least twice in 2025.The banking forecasts followed a weak August jobs...
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint staff statement on Tuesday announcing a coordinated effort to oversee and enable spot crypto trading in the United States.The agencies clarified that existing law...
Bitcoin (BTC) and crypto treasury firms pose similar risks as collateralized debt obligations (CDOs), securitized baskets of home mortgages and other types of debt that triggered the 2007-2008 financial crisis, Josip Rupena, CEO of lending platform Milo and former Goldman...
Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed...
Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing.Durov said his arrest by French authorities in August...
Ben Waxman, a Democrat representing District 182 in Pennsylvania’s House of Representatives, has introduced legislation “to prohibit elected officials from profiting off cryptocurrency while in office.”Waxman introduced HB1812 on Wednesday with eight Democratic co-sponsors in response to what he called...
The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social...
