The U.S. Securities and Exchange Commission’s Division of Corporation Finance published a detailed statement on Tuesday clarifying its views on “liquid staking,” a type of crypto protocol staking where users receive newly minted tokens representing staked assets. In a statement, the SEC said the guidance seeks to help crypto participants understand whether these arrangements fall…
Solana Mobile has initiated the rollout of its second-generation Seeker smartphone, with an initial pre-order batch of 150,000 devices now shipping to customers across more than 50 countries worldwide. The company confirmed through an August 4 announcement on X that tens of thousands of Seeker units are currently en route to customers. Early recipients have…
The VerifiedX (VFX) Network (VerifiedX.io) and Merkle Science (merklescience.com), have commenced integrating the VerifiedX native coin (VFX) and Verified Bitcoin Token (vBTC) with Merkle Science’s extensive platform suite to comply with AML, KYC, and CFT regulations enabling compliance and security for all institutional traders. This will result in a seamless on / off ramp creating…
Figure Technology Solutions has confidentially submitted a draft registration statement with the SEC for a proposed initial public offering (IPO) of its equity securities, expected to launch in 2025. According to an official press release, the blockchain-focused financial technology company has not yet determined the number of shares to be offered or the price range…
Inveniam Capital Partners (“Inveniam”), a global leader in decentralized data infrastructure for private market assets, and MANTRA, a layer 1 blockchain focused on the tokenization of real-world assets (RWAs), today announced a strategic technology and commercial partnership. The collaboration includes a $20 million investment in MANTRA to deliver private real-world assets (RWAs) packaged with real-time…
The European Banking Authority (EBA) has released its draft Regulatory Technical Standards (RTS) on Tuesday detailing how financial institutions must treat crypto-asset exposure under the Capital Requirements Regulation. These draft rules aim to offer a framework for calculating risks associated with digital assets as the European Union integrates crypto more firmly into its regulatory architecture….
Coinbase’s Base network experienced a 19-minute block production halt on August 5, with the latest block remaining at height 33,792,704 before resuming normal operations. The Ethereum Layer 2 blockchain reported the issue at 6:15 UTC and confirmed resolution by 6:44 UTC according to its official status page, marking the network’s first significant outage. Source: Base…
Remitly plans to introduce stablecoin functionality to its global payment network, marking a big shift in how the remittance company enables international money transfers. The Seattle-based fintech, known for serving immigrants and overseas workers, aims to improve speed, reliability and cost efficiency for users in over 170 countries. The company announced Monday it will begin…
The CEO of South Korean crypto exchange Bitsonic has been sentenced to a second jail term for another fraud charge. CEO Shin Jin-wook already faces a 7-year sentence in prison for stealing 10 billion won ($7.5 million) worth of customer deposits. South Korean media outlet Digital Asset reported that a Daegu District Court judge sentenced…
The Commodity Futures Trading Commission plans to allow spot cryptocurrency trading on exchanges it already regulates, expanding access to digital assets through federally registered futures markets. CFTC Acting Chairman Caroline Pham unveiled the plan on Monday, calling it the first move in the commission’s broader “crypto sprint,” a program aimed at quickly implementing key policy…