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The SEC admitted its attorneys “should have been more forthcoming” with the court but argued a sanction wasn’t appropriate.

SEC asks to toss Debt Box suit after court threatens sanctions

The United States securities regulator is seeking to dismiss a lawsuit it launched against a crypto company after a federal court issued an order mandating the agency provide reasons why it shou...

7 months ago

Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023.

Jack Dorsey’s Block announces layoffs, citing ‘leaner’ operations

Financial payment processing firm Block Inc., co-founded by Twitter creator Jack Dorsey, has reportedly laid off more than 1,000 staff members. According to a Jan. 30 Business Ins...

7 months ago

The firm’s CEO, Chris Amani, says bankruptcy protections could help appeal the suit brought against it by the SEC, effectively eliminating “the single largest claim against it.”

Terraform Labs says bankruptcy will aid appeal of SEC suitv

Terraform Labs says its decision to file for bankruptcy will aid it in pursuing an appeal of the lawsuit it faces from the United States Securities and Exchange Commission. In a ...

7 months ago

Investors in the round include Coinbase Ventures, Arrington Capital, OKX Ventures and Gate.io. The funds will be used in the development of Portal’s DEX and noncustodial wallet.

Portal raises $34M in seed round for Bitcoin atomic swaps

Financial technology firm Portal has secured $34 million in seed funding to offer atomic swaps technology for Bitcoin. Investors backing the initiative include Coinbase Ventures, Arrington Capit...

7 months ago

The official social media account for the Spanish embassy in Bosnia and Herzegovina has been particularly interested in upcoming airdrops from Jupiter and Dymension.

Que? Spanish embassy spotted hunting crypto airdrops on X

The official social media account of the Spanish embassy in Bosnia and Herzegovina has been spotted messaging crypto projects for details concerning airdrops and upgrades, leading onlookers to s...

7 months ago

The blockchain gaming sector is evolving with innovation that aims to reshape the gaming economy and player experience.

This blockchain game distribution platform aims to change Web3 gaming

The blockchain gaming industry faces the challenge of fragmented digital currencies across various games. Nexxyo Labs’ Blink Galaxy platform addresses this by offering a unified ga...

7 months ago

The Securities and Exchange Commission (SEC) announced charges against two of the leaders involved in HyperFund, an alleged crypto pyramid scheme that raised over $1.7 billion.

HyperFund Owners Accused of Fraud in $1.7 Billion Pyramid Scheme

Both Sam Lee and Brenda Chunga were charged for their involvement. Chunga, aka Bitcoin Beautee, settled with the SEC over the fraud and unregistered offering charges. According to an&n...

7 months ago

Polygon Labs, in collaboration with Arktouros law firm, has put forward a new regulatory framework that proposes designating certain decentralized finance (defi) protocols as critical infrastructure crucial to the national and economic security of the US.

Polygon Labs proposes defi protocols as critical infrastructure in new regulatory framework

The suggestion was published on Jan. 29 by Rebecca Rettig and Katja Gilman of Polygon Labs, alongside Arktouros co-founder Michael Mosier. Their 45-page document focuses on combating i...

7 months ago

The Algorand Foundation said on Jan. 25 that it was “in the process” of recovering Staci Warden’s account, but posts containing racial slurs and other insults continue to appear.

Hacker mocks Algorand after maintaining control of CEO’s X account for 15 hours

An unknown party is still posting on the X account of Algorand Foundation CEO Staci Warden after almost a day, mocking followers and the platform alike. As of 6:28 pm UTC on Jan. 26, t...

7 months ago