Genesis reaches agreement to settle SEC case for $21 million
Cryptopolitan (RSS)
Genesis Global Capital has recently settled a legal dispute with the United States Securities and Exchange Commission (SEC) by agreeing to pay a substantial civil penalty of $21 million. This settlement stems from allegations related to the Gemini Earn lending program, which Genesis and Gemini were accused of launching without proper registration as a securities offering targeted at retail investors.
Genesis to settle SEC case with $21 million
The SEC’s chair, Gary Gensler, emphasized the significance of crypto lending platforms and other intermediaries adhering to securities laws in a statement made on March 19. Gensler stressed that such compliance is crucial not just for investor protection but also for maintaining trust and integrity in financial markets, asserting that compliance with securities laws is mandatory rather than discretionary....
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Cryptopolitan (RSS)
Genesis Global Capital has recently settled a legal dispute with the United States Securities and Exchange Commission (SEC) by agreeing to pay a substantial civil penalty of $21 million. This settlement stems from allegations related to the Gemini Earn lending program, which Genesis and Gemini were accused of launching without proper registration as a securities offering targeted at retail investors.
Genesis to settle SEC case with $21 million
The SEC’s chair, Gary Gensler, emphasized the significance of crypto lending platforms and other intermediaries adhering to securities laws in a statement made on March 19. Gensler stressed that such compliance is crucial not just for investor protection but also for maintaining trust and integrity in financial markets, asserting that compliance with securities laws is mandatory rather than discretionary....
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BlackRock’s $100 million dive into digital assets
Cryptopolitan (RSS)
BlackRock, the world’s largest asset manager, has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund, as disclosed in filings with the U.S. Securities and Exchange Commission (SEC), is designed to operate on the Ethereum blockchain and will comprise tokenized assets.
BlackRock commits $100 million to tokenized Fund, embracing digital finance
Blockchain data reveals that the fund has been initialized with a substantial $100 million investment in USDC stablecoin, a cryptocurrency pegged to the value of the U.S. dollar.
This investment signifies BlackRock’s commitment to exploring the potential of digital assets within institutional finance.
BlackRock’s founder and CEO, Larry ...
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Cryptopolitan (RSS)
BlackRock, the world’s largest asset manager, has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund, as disclosed in filings with the U.S. Securities and Exchange Commission (SEC), is designed to operate on the Ethereum blockchain and will comprise tokenized assets.
BlackRock commits $100 million to tokenized Fund, embracing digital finance
Blockchain data reveals that the fund has been initialized with a substantial $100 million investment in USDC stablecoin, a cryptocurrency pegged to the value of the U.S. dollar.
This investment signifies BlackRock’s commitment to exploring the potential of digital assets within institutional finance.
BlackRock’s founder and CEO, Larry ...
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Cities Harness AI to Revolutionize Traffic Management
Cryptopolitan (RSS)
In Raleigh, North Carolina, Mark Wittenburg, the city’s Chief Information Officer (CIO), spearheads innovative efforts to enhance traffic management and safety using artificial intelligence (AI). Partnering with industry leaders like Nvidia and Esri, Raleigh has embarked on a pilot project deploying AI cameras and vision tools to analyze traffic patterns and counts at various intersections. The ultimate goal? To eliminate traffic fatalities as part of Raleigh’s Vision Zero initiative.
Expanding AI implementation in Raleigh
With promising initial results, Wittenburg’s team is seeking funding to scale up the pilot project from a few intersections to encompass every intersection in the city. This expansion aims to leverage AI’s capabilities in identifying near-miss incidents between vehicles and pedestrians, thus enabling proact...
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Cryptopolitan (RSS)
In Raleigh, North Carolina, Mark Wittenburg, the city’s Chief Information Officer (CIO), spearheads innovative efforts to enhance traffic management and safety using artificial intelligence (AI). Partnering with industry leaders like Nvidia and Esri, Raleigh has embarked on a pilot project deploying AI cameras and vision tools to analyze traffic patterns and counts at various intersections. The ultimate goal? To eliminate traffic fatalities as part of Raleigh’s Vision Zero initiative.
Expanding AI implementation in Raleigh
With promising initial results, Wittenburg’s team is seeking funding to scale up the pilot project from a few intersections to encompass every intersection in the city. This expansion aims to leverage AI’s capabilities in identifying near-miss incidents between vehicles and pedestrians, thus enabling proact...
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Gold predicted to hit $2,600 per ounce as demand surge
Cryptopolitan (RSS)
Bitcoin (BTC) and gold have been focal points of market analysis in recent weeks, each exhibiting distinct trends and attracting attention from investors and analysts. Following its all-time high last week, Bitcoin experienced a significant 12% decrease, while gold demonstrated relative stability with only a slight 1% decline over the past five days.
Analysts predict a surge in the price of Gold
Bitcoin, as the leading cryptocurrency, surged to $2,193 per troy ounce of .999 fine gold on March 8, 2024. Presently, it hovers around $2,155 per unit, showcasing a noteworthy 7.7% increase against the U.S. dollar in the last month. Despite the recent downturn, optimism prevails among enthusiasts and analysts in the crypto community regarding Bitcoin’s future trajectory.
On the other hand, the precious metal has maintained a steady performance, with its price hoverin...
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Cryptopolitan (RSS)
Bitcoin (BTC) and gold have been focal points of market analysis in recent weeks, each exhibiting distinct trends and attracting attention from investors and analysts. Following its all-time high last week, Bitcoin experienced a significant 12% decrease, while gold demonstrated relative stability with only a slight 1% decline over the past five days.
Analysts predict a surge in the price of Gold
Bitcoin, as the leading cryptocurrency, surged to $2,193 per troy ounce of .999 fine gold on March 8, 2024. Presently, it hovers around $2,155 per unit, showcasing a noteworthy 7.7% increase against the U.S. dollar in the last month. Despite the recent downturn, optimism prevails among enthusiasts and analysts in the crypto community regarding Bitcoin’s future trajectory.
On the other hand, the precious metal has maintained a steady performance, with its price hoverin...
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Kyle Davies of 3AC, Unfazed by Firm’s Bankruptcy Outcome
CoinGape (RSS)
Kyle Davies, co-founder of the now-bankrupt hedge fund Three Arrows Capital (3AC), recently engaged in a revealing conversation with journalist Laura Shin. In the course of the interview, Kyle Davies shed light on the continued bankruptcy proceedings of 3AC, the challenges regulators across the globe are facing, and his activities following the downfall of the fund. Notwithstanding the hardships, Davies showed a bright side in the matter of settling with creditors and his future in the cryptocurrency sector.
Davies told Shin that he kept meeting with Teneo, the liquidator who was handling 3AC’s bankruptcy case, and the fund’s creditors. He was hopeful of a compromise that would be satisfactory to all affected partie...
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CoinGape (RSS)
Kyle Davies, co-founder of the now-bankrupt hedge fund Three Arrows Capital (3AC), recently engaged in a revealing conversation with journalist Laura Shin. In the course of the interview, Kyle Davies shed light on the continued bankruptcy proceedings of 3AC, the challenges regulators across the globe are facing, and his activities following the downfall of the fund. Notwithstanding the hardships, Davies showed a bright side in the matter of settling with creditors and his future in the cryptocurrency sector.
Davies told Shin that he kept meeting with Teneo, the liquidator who was handling 3AC’s bankruptcy case, and the fund’s creditors. He was hopeful of a compromise that would be satisfactory to all affected partie...
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BlackRock begins asset tokenization with launch of digital liquidity fund
Cointelegraph.com News (RSS)
The world’s largest asset manager has taken “the next step forward” toward a single ledger, instantaneous settlement and ending illicit activities, in the view of CEO Larry Fink.
Cointelegraph.com News (RSS)
The world’s largest asset manager has taken “the next step forward” toward a single ledger, instantaneous settlement and ending illicit activities, in the view of CEO Larry Fink.
Advocacy groups file amicus briefs encouraging SEC to write crypto rules
Cointelegraph.com News (RSS)
The Crypto Council for Innovation, Satoshi Action Fund, Texas Blockchain Council, Paradigm, Lejilex and the U.S. Chamber of Commerce all called on the SEC to establish guidelines.
Cointelegraph.com News (RSS)
The Crypto Council for Innovation, Satoshi Action Fund, Texas Blockchain Council, Paradigm, Lejilex and the U.S. Chamber of Commerce all called on the SEC to establish guidelines.
Ether ETFs Likely Won't Get Approved in May, Bloomberg Analyst Predicts
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators' seeming lack of engagement with potential issuers over the products.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators' seeming lack of engagement with potential issuers over the products.
Immutable, Polygon’s new $100M fund to throw cash at Pixelmon, among others
Cointelegraph.com News (RSS)
Immutable and Polygon have teamed up to find blockchain games for their new $100 million fund to bankroll, starting with seven games native to their blockchains.
Cointelegraph.com News (RSS)
Immutable and Polygon have teamed up to find blockchain games for their new $100 million fund to bankroll, starting with seven games native to their blockchains.
USDM Stablecoin Rated Adequate in S&P Global Stability Report
CoinGape (RSS)
In the latest release from S&P Global Ratings, the Mountain Protocol’s USDM stablecoin has been granted an “adequate” rating regarding its stability and ability to maintain its peg to the U.S. dollar. This assessment is part of the firm’s ninth Stablecoin Stability Assessment, aimed at providing tolerance and dependability for different stablecoins within the market.
Assessment Criteria and Ratings Overview
S&P Global Ratings uses numerous criteria to determine the stability of stablecoins. Such risks are credit risk, market risk, custody risk, resiliency of reserve fund, liquidation mechanisms, over-collateralisation, governance, regulatory compliance, and thi...
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CoinGape (RSS)
In the latest release from S&P Global Ratings, the Mountain Protocol’s USDM stablecoin has been granted an “adequate” rating regarding its stability and ability to maintain its peg to the U.S. dollar. This assessment is part of the firm’s ninth Stablecoin Stability Assessment, aimed at providing tolerance and dependability for different stablecoins within the market.
Assessment Criteria and Ratings Overview
S&P Global Ratings uses numerous criteria to determine the stability of stablecoins. Such risks are credit risk, market risk, custody risk, resiliency of reserve fund, liquidation mechanisms, over-collateralisation, governance, regulatory compliance, and thi...
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BlackRock Enters The Tokenization Scene With Securitize
CoinGape (RSS)
A new filing with the United States Securities and Exchange Commission (SEC) shows that spot Bitcoin ETF issuer BlackRock has created a tokenized asset fund.
The BlackRock Tokenization Fund
The new fund, dubbed USD Institutional Digital Liquidity Fund, is a private equity offering designed in collaboration with Securitize, a top financial service provider. Notably, this is another strategy for BlackRock to expand its crypto root after its spot Bitcoin ETFs was launched in January.
In the Form-D or notice of exempt securities offerings that was submitted to the U.S. SEC last Thursday for its USD Institutional Digital Liquidity Fund, BlackRock stated that the proposed tokenized fund will require that outside investor...
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CoinGape (RSS)
A new filing with the United States Securities and Exchange Commission (SEC) shows that spot Bitcoin ETF issuer BlackRock has created a tokenized asset fund.
The BlackRock Tokenization Fund
The new fund, dubbed USD Institutional Digital Liquidity Fund, is a private equity offering designed in collaboration with Securitize, a top financial service provider. Notably, this is another strategy for BlackRock to expand its crypto root after its spot Bitcoin ETFs was launched in January.
In the Form-D or notice of exempt securities offerings that was submitted to the U.S. SEC last Thursday for its USD Institutional Digital Liquidity Fund, BlackRock stated that the proposed tokenized fund will require that outside investor...
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Giggle Academy: Former Binance CEO CZ Launches New Project
CoinGape (RSS)
Former Binance CEO Changpeng Zhao has rolled out the Giggle Academy project targeting free basic education for all across multiple jurisdictions.
In a recent announcement on X (Twitter), Zhao revealed plans for the educational project giving children free access while utilizing new techniques. As a nonprofit organization, Giggle Academy would have no revenue deploying gamification and an adaptive curriculum for end users.
...
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CoinGape (RSS)
Former Binance CEO Changpeng Zhao has rolled out the Giggle Academy project targeting free basic education for all across multiple jurisdictions.
In a recent announcement on X (Twitter), Zhao revealed plans for the educational project giving children free access while utilizing new techniques. As a nonprofit organization, Giggle Academy would have no revenue deploying gamification and an adaptive curriculum for end users.
...
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Top 3 Solana Memecoin With 100X Potential
CoinGape (RSS)
Solana’s memecoins have recorded massive gains following recent events in the cryptocurrency market. As bullish pressure mounts across Bitcoin (BTC) and altcoins, memecoins have also posted increased inflows since Q4 2023.
At press time, the total market capitalization of Solana memecoin is up by 1.9% at $5.8 billion with a 24-hour trading volume of $5.2 billion. Here’s a list of the top 3 Solana memecoin with 100X potential.
Dogwifhat (WIF)
The popular dogwifhat continues to look attractive to digital asset investors within and outside the Solana ecosystem. WIF currently exchanges hands at $2.53 after a 32% gain in the last seven days.
The bullish run of the asset since its launch sees it top of Solana’s memecoin charts. Previously, Dogwifhat has soared to 887% in ...
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CoinGape (RSS)
Solana’s memecoins have recorded massive gains following recent events in the cryptocurrency market. As bullish pressure mounts across Bitcoin (BTC) and altcoins, memecoins have also posted increased inflows since Q4 2023.
At press time, the total market capitalization of Solana memecoin is up by 1.9% at $5.8 billion with a 24-hour trading volume of $5.2 billion. Here’s a list of the top 3 Solana memecoin with 100X potential.
Dogwifhat (WIF)
The popular dogwifhat continues to look attractive to digital asset investors within and outside the Solana ecosystem. WIF currently exchanges hands at $2.53 after a 32% gain in the last seven days.
The bullish run of the asset since its launch sees it top of Solana’s memecoin charts. Previously, Dogwifhat has soared to 887% in ...
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Immutable, King River Capital, Polygon Labs Set Up $100M Web3 Gaming Fund
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Immutable and Polygon Labs will identify investment opportunities while King River will manage the investment process and deploy the capital across game studios and web3 infrastructure firms.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Immutable and Polygon Labs will identify investment opportunities while King River will manage the investment process and deploy the capital across game studios and web3 infrastructure firms.
1inch Network boosts DeFi liquidity with Lumia integration
Cryptopolitan (RSS)
The 1inch Network has announced the addition of Lumia, a liquidity network, to its aggregation sources, aiming to deepen on-chain liquidity and improve pricing for its users. The announcement, made on March 18, emphasizes Lumia’s capability to access centralized exchanges like Binance, OKX, and KuCoin, which is expected to provide DeFi users with competitive pricing that rivals centralized platforms.
Sergej Kunz, co-founder of 1inch, stated the network’s goal to offer users liquidity across the entire crypto market and welcomed Lumia as a significant new source of liquidity. Lumia’s integration into 1inch involves a request for quote process, where Lumia will serve as a private market maker. This collaboration is further expected to extend to 1inch Fusion, a gasless solution developed by 1inch, with Lumia acting as a resolver for filling orders.
Strategic Transition and Token Swap
Currently, the integrat...
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Cryptopolitan (RSS)
The 1inch Network has announced the addition of Lumia, a liquidity network, to its aggregation sources, aiming to deepen on-chain liquidity and improve pricing for its users. The announcement, made on March 18, emphasizes Lumia’s capability to access centralized exchanges like Binance, OKX, and KuCoin, which is expected to provide DeFi users with competitive pricing that rivals centralized platforms.
Sergej Kunz, co-founder of 1inch, stated the network’s goal to offer users liquidity across the entire crypto market and welcomed Lumia as a significant new source of liquidity. Lumia’s integration into 1inch involves a request for quote process, where Lumia will serve as a private market maker. This collaboration is further expected to extend to 1inch Fusion, a gasless solution developed by 1inch, with Lumia acting as a resolver for filling orders.
Strategic Transition and Token Swap
Currently, the integrat...
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Spot Ethereum ETF: Grayscale to Include Staking in Ethereum ETF Proposal
CoinGape (RSS)
Grayscale Investments has announced its intention to incorporate staking capabilities into its proposed spot Ethereum exchange-traded fund (ETF). This move is in line with a recent modification made by the financial giant Fidelity in its own Ethereum ETF filing which indicates the common desire of investment houses to incorporate the staking provision into their cryptocurrency product offerings.
Grayscale’s Amendment
Grayscale Investments has filed a preliminary proxy statement proposing staking features in its Ethereum ETF. This undertaking aims to empower the trust to stake Ethereum, thereby eliminating the inflationary pressures associated with the transition of Ethereum to a proof-of-stake protocol. The move, consequently, is intended to preserve the value of the Trust Estate for the benefit of its...
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CoinGape (RSS)
Grayscale Investments has announced its intention to incorporate staking capabilities into its proposed spot Ethereum exchange-traded fund (ETF). This move is in line with a recent modification made by the financial giant Fidelity in its own Ethereum ETF filing which indicates the common desire of investment houses to incorporate the staking provision into their cryptocurrency product offerings.
Grayscale’s Amendment
Grayscale Investments has filed a preliminary proxy statement proposing staking features in its Ethereum ETF. This undertaking aims to empower the trust to stake Ethereum, thereby eliminating the inflationary pressures associated with the transition of Ethereum to a proof-of-stake protocol. The move, consequently, is intended to preserve the value of the Trust Estate for the benefit of its...
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Breaking: Hashdex Ethereum ETF Faces SEC Decision Hold Until May
CoinGape (RSS)
The Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Hashdex Nasdaq Ethereum exchange-traded fund (ETF) until May 30, 2024. This ETH ETF, which will be offered to investors if approved, will represent an investment product with access to both ongoing ether prices and futures.
This postponement will provide the SEC the chance to review the proposed rule change, taking into account all the concerns, and provide the solution in time. It underlines that the authority wants to observe how crypto-related products function within the financial system and what place they will be given in the future.
Nasdaq made an application for the Hashdex Nasdaq Ethereum ETF in September, with Toroso I...
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CoinGape (RSS)
The Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Hashdex Nasdaq Ethereum exchange-traded fund (ETF) until May 30, 2024. This ETH ETF, which will be offered to investors if approved, will represent an investment product with access to both ongoing ether prices and futures.
This postponement will provide the SEC the chance to review the proposed rule change, taking into account all the concerns, and provide the solution in time. It underlines that the authority wants to observe how crypto-related products function within the financial system and what place they will be given in the future.
Nasdaq made an application for the Hashdex Nasdaq Ethereum ETF in September, with Toroso I...
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Tornado Cash Founder Indicted For Aiding Laundered $1.2B Funds: Report
CoinGape (RSS)
Alexey Pertsev, the developer behind the popular Tornado Cash crypto mixer is facing an indictment for his alleged involvement in laundering up to $1.2 billion in crypto assets. This news is based on reports from DL News.
Alexey Pertsev Indicted for 36 Illicit Crimes
The Tornado Cash developer is becoming more popular for crypto crime than for the service that his company is designed to offer. Dutch prosecutors have been on his trail over some investigations that involved 36 allegedly illicit transactions. Of the listed cases, the 175 ETH from Axie Infinity-linked crypto protocol Ronin Bridge, was the highest.
Other illicit transactions on the Dutch prosecutors’ list involved decentralized protocols like Harmony and Nomad Bridge.
According to Pertsev’s lawyer Keith Cheng, “Prosecutors ar...
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CoinGape (RSS)
Alexey Pertsev, the developer behind the popular Tornado Cash crypto mixer is facing an indictment for his alleged involvement in laundering up to $1.2 billion in crypto assets. This news is based on reports from DL News.
Alexey Pertsev Indicted for 36 Illicit Crimes
The Tornado Cash developer is becoming more popular for crypto crime than for the service that his company is designed to offer. Dutch prosecutors have been on his trail over some investigations that involved 36 allegedly illicit transactions. Of the listed cases, the 175 ETH from Axie Infinity-linked crypto protocol Ronin Bridge, was the highest.
Other illicit transactions on the Dutch prosecutors’ list involved decentralized protocols like Harmony and Nomad Bridge.
According to Pertsev’s lawyer Keith Cheng, “Prosecutors ar...
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Saudi Arabia plans $40B AI investment fund overseen by a16z: Report
Cointelegraph.com News (RSS)
If the $40 billion fund goes ahead, it would make Saudi Arabia the largest investor in the AI space.
Cointelegraph.com News (RSS)
If the $40 billion fund goes ahead, it would make Saudi Arabia the largest investor in the AI space.