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Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’

20.3.2024
The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind....

Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief

20.3.2024
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York. It aimed...

Enterprise Ethereum Use Cases Expected to Increase in 2024

20.3.2024
Investors are not the only ones interested in Ethereum (ETH). An increasing number of businesses also plan to leverage Ethereum this year. While large companies have previously dabbled in Ethereum, industry experts believe that enterprise Ethereum is finally gaining momentum. Data from layer-2...

Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate

20.3.2024
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving...

Why the SEC Shouldn’t Classify ETH as a Security

20.3.2024
Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong

Coinbase's Base Chain Warns of 'Stuck' Transactions Amid Traffic Surge

20.3.2024
The Ethereum layer-2 chain's status page warns users of high fees and slowdowns as traders flock to new Base meme coins

Ethereum Foundation Receives Confidential State Inquiry, Removes Warrant Canary Icon From Github Repo

20.3.2024
The Ethereum Foundation has reportedly received a “voluntary enquiry from a state authority,” according to a note added to the group’s Github page. State Actors Have Contacted the Ethereum Foundation; SEC Reportedly Investigating On Wednesday, March 20, 2024, the crypto...

The Protocol: Bitcoin Halving in 3 Weeks, Solana's Yakovenko on Meme Coins

20.3.2024
There's no slowdown in blockchain news, with Ethereum's Dencun upgrade in the rear view mirror and Bitcoin's halving now just over three weeks away. We spoke with Solana's Anatoly Yakovenko about the meme coin frenzy stressing the suddenly-active blockchain

House Committee on Financial Services Explores Need for SEC Reform Amid Concerns Over Gensler’s Leadership

20.3.2024
House Committee members grilled SEC Chair Gary Gensler over concerns about regulatory overreach and lack of transparency. Calls for SEC reform are mounting, with critics citing insufficient feedback periods and a focus on social justice initiatives over the agency's core mission. Ranking member...