The US Securities and Exchange Commission (SEC) has agreed in principle to dismiss its securities enforcement case against Consensys, according to a Feb. 27 statement. Once final approvals are secured, the SEC will file a stipulation with the court to formally close the case. The resolution follows Consensys’ commitment to contest the allegations. Consensys CEO …
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MARA reported a record-high revenue of $214.4 million in Q4 of 2024, a 37% increase from the same period in 2023. MARA’s Block Wins Rise 25% Bitcoin miner and publicly listed firm MARA (Nasdaq: MARA) said it registered a record-high revenue of $214.4 million in the fourth quarter of 2024, up 37% from $156.8 million …
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Raise, a Chicago-based gift card marketplace, secured $63 million in funding led by Haun Ventures and backed by Paypal to expand its blockchain-based Smart Cards system, the company announced this week. Paypal-Backed Raise Raises $63M; Aims to Revolutionize Gift Cards via Blockchain The funding round, which included Accel, New Enterprise Associates and others, brings Raise’s …
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The U.S. Securities and Exchange Commission (SEC) stated on Feb. 27 that most meme coins do not meet the definition of securities under federal law, exempting them from registration requirements. SEC Clarifies Meme Coins Fall Outside Securities Regulations Meme coins, defined as crypto assets tied to internet culture or trends, derive value primarily from speculation …
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House Democrats introduced legislation to prohibit top federal officials and their families from issuing or promoting meme coins and other financial instruments, citing ethical concerns sparked by President Donald Trump’s official TRUMP cryptocurrency launch and his wife Melania’s that followed soon after. MEME Act Seeks to Ban Federal Leaders From Endorsing Cryptocurrencies The Modern Emoluments …
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The Securities and Exchange Commission (SEC) has closed its investigation into Gemini, a cryptocurrency exchange. Unquantifiable Loss in Economic Growth for America The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Gemini and will not pursue an enforcement action against the cryptocurrency exchange. According to Cameron Winklevoss, co-founder of Gemini, the withdrawal …
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BDACS, South Korea’s first regulated custodian for institutional digital assets, unveiled a strategic alliance with blockchain firm Ripple on Feb. 26, 2025, designed to broaden safeguarded custody offerings for XRP, RLUSD, and related cryptocurrencies. Ripple, BDACS Forge Strategic Alliance According to Ripple’s announcement, the partnership mirrors the nation’s methodical regulatory blueprint for institutional digital asset …
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The U.S. Securities and Exchange Commission (SEC) plans to drop its enforcement lawsuit against Consensys’ Metamask wallet, CEO Joe Lubin announced Feb. 27, 2025, citing a regulatory pivot under new leadership pending commissioner approval. Subject to the Approval of the Commission, SEC Dismisses Metamask Lawsuit The SEC sued Consensys last year, alleging Metamask operated as …
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A chart pattern suggests the smart contract platform Solana (SOL) could plunge by more than 50% if it loses a critical support level, according to a popular crypto trader. Ali Martinez tells his 128,800 followers on the social media platform X that the Ethereum (ETH) rival appears to be forming a right-angled ascending broadening pattern. …
The chief executive of market intelligence firm CryptoQuant says the next few weeks are crucial for Bitcoin (BTC), revealing what his worst-case scenario for the crypto king would look like. In a new thread, Ki Young Ju tells his 408,700 followers on the social media platform X that he expects this cycle to be the …
Online payments giant PayPal is reportedly eyeing to expand the user base of its US-dollar-backed stablecoin by integrating the asset into several of its products this year. Bloomberg reports that the California-based firm is targeting its more than 20 million small-to-medium-sized merchants to use PayPal USD (PYUSD) by giving them the option to use the …
A freshman California Democrat congress member is proposing legislation to prevent lawmakers from profiting off meme assets. According to reports from ABC and AP News, Representative Sam Liccardo (D-CA) is introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act to prevent lawmakers from capitalizing on memecoins. The bill appears aimed at Donald Trump, who has …
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The US SEC has officially filed a voluntary dismissal in its case against Coinbase. The agency has also dropped lawsuits against Consensys, Robinhood, and Gemini in recent days. Breaking news COINTELEGRAPH IN YOUR SOCIAL FEED The US Securities and Exchange Commission has officially dismissed its lawsuit with Coinbase on Feb. 27, filings show, ending the …
After Bybit’s hack, the Lazarus Group deployed its notorious money-laundering tactics — leaving a complex trail in the aftermath of yet another high-profile crypto heist. News COINTELEGRAPH IN YOUR SOCIAL FEED In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money …
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Custodia Bank fought to service crypto firms under the previous administration but faced resistance from US regulators. News COINTELEGRAPH IN YOUR SOCIAL FEED Recent efforts to “debank” crypto firms in the US revealed a “staggering” level of corruption among government officials, and the problem is not yet resolved, one banking executive said in a Feb. …
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