Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted. Source link
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Several Ethereum-related projects — including StarkWare, Polyhedra, and Polygon — condemned Matter Labs’ efforts to trademark “zero-knowledge” as its intellectual property in a May 30 joint statement. The statement was signed by notable industry figures, including Polygon co-founders Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder…
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Factors include uncertainty in the spot Ethereum ETF launch, high ETF futures open interest, and stagnant Ethereum network usage. Source link
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Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors. The development comes after a jury in the US District Court for the Southern District of New York found…
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The BitLicense just got a little tougher with new mandatory standards for treating customers right. Source link
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Babylon, the Bitcoin staking protocol, has successfully closed a $70 million funding round led by Paradigm, with significant contributions from Bullish Capital and Polychain Capital. This pre-launch funding aims to support team growth, research, and development ahead of Babylon’s mainnet launch. The funds will be used to advance Babylon’s scalable…
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The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year. Source link
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President Joe Biden’s re-election campaign has reportedly initiated a significant outreach to the crypto industry, according to a new report from The Block. Marking a notable shift from his previous stance, this engagement, which reportedly began approximately two weeks ago, involves seeking guidance from key figures in the crypto sector…
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Crypto voters have become a new battleground for the 2024 presidential election, in a bipartisan shift that has taken Washington by surprise. Source link
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AO, a new protocol built on Arweave’s permanent data storage layer, will launch on June 13, according to a statement released on May 30. Arweave co-founder Sam Williams described the project as “Bitcoin, but a supercomputer on Arweave.” Tokenomics AO will have a token that trades under the ticker AO.…