Over 30 Crypto Firms Urge Congress to Clarify Ambiguous Money Transmitter Rules. Over 30 prominent crypto firms, including well-known names such as Coinbase, Paradigm, and Kraken, have collectively called on Congress for urgent clarification on the controversial money transmitter rules. These regulations have created significant confusion within the crypto space, especially regarding the potential criminal liability of developers. At the core of the issue is the interpretation of Section 1960, a part of the law that governs money transmitters. The Department of Justice (DOJ) has shifted its stance, suggesting that non-custodial software developers could be subjected to the same criminal…
Author: William
Trump’s USD1 stablecoin project is not driven by blockchain innovation but aims to expand the U.S. dollar’s global dominance. The recent launch of USD1, a new dollar-pegged stablecoin backed by U.S. President Donald Trump and his family, has sparked significant interest in the crypto and finance sectors. However, Mateusz Kara, the CEO of Ari10, a European crypto payments giant, presents a compelling argument that the real motive behind this stablecoin may not be an endorsement of blockchain technology, as it appears on the surface. Rather, Kara suggests that it is part of a broader strategy to expand the reach of…
Paul Atkins, a passionate crypto advocate and investor, is set to become the new SEC Chair. Here’s what his appointment means for the crypto industry. Paul Atkins, the newly nominated SEC Chair under President Donald Trump’s administration, has sparked significant interest in the crypto community. A self-proclaimed avid crypto advocate and investor, Atkins has made his mark by defending cryptocurrency companies during the contentious era of Gary Gensler’s leadership at the SEC. His appointment is anticipated to bring a shift in the SEC’s approach to digital assets, focusing on a more crypto-friendly stance. Atkins has a longer history with cryptocurrencies…
Bitcoin Mining Helps Revitalize Struggling African Hydroelectric Projects Through Sustainable Energy Use. In rural parts of Africa, access to electricity is often limited, and when power is generated in surplus, it becomes a challenge. This was the case for a small hydroelectric project in Zambia, known as the Zengamina facility. Despite having more power than the surrounding community could use, the excess electricity went to waste. However, Bitcoin mining turned out to be the unexpected solution that saved the project and sparked a local economic revival. Built with donations, Zengamina’s hydroelectric plant was intended to supply electricity to households, schools,…
Is Berachain RSI Heading Toward Overbought Levels After a 36% Weekly Surge? In recent times, Berachain has experienced an impressive surge in value, posting a 36% weekly gain. Currently trading at $7.89, the token has been gaining significant attention from traders and analysts. However, as its price rises, many are wondering if it can continue its bullish trajectory or if it will face resistance at its current levels. A crucial aspect to monitor is the Berachain RSI resistance, which is approaching overbought territory. This indicator could provide valuable insight into whether the asset will maintain its upward momentum or experience…
How Celo’s Migration to Ethereum Layer 2 Enhances Blockchain Scalability and Interoperability Celo, a mobile-first blockchain network, has successfully completed its migration to Ethereum’s Layer-2 solution, marking a significant milestone in blockchain interoperability and scalability. This migration, which took two years to develop, allows Celo to leverage Ethereum’s robust ecosystem while addressing scalability issues. The move to Ethereum Layer 2 utilizes Optimism’s OP Stack and EigenDA, a data availability protocol, further enhancing the efficiency of transactions on Celo’s network. Celo hopes to increase transaction speeds and lower fees with this change, making it more user- and developer-friendly. Celo’s decision to…
What Does the SEC’s Decision on the Immutable Investigation Mean for the Blockchain Industry? In a significant development for the blockchain and cryptocurrency sectors, the SEC investigation into Immutable has ended without any enforcement action. This decision marks a crucial moment for the company and the broader industry, offering some clarity amid growing regulatory scrutiny. Immutable, a prominent blockchain platform, was under investigation by the U.S. Securities and Exchange Commission (SEC) concerning its token offerings and the compliance of its operations with U.S. securities laws. For Immutable, the SEC’s decision to end the enquiry without taking any enforcement action is…
Crypto’s New Era: Securitize COO Sonnenshein Discusses How Lawsuits Are Dropped and SEC Is Listening Crypto’s new era is unfolding rapidly, and the landscape is evolving faster than ever. According to Michael Sonnenshein, COO of Securitize, this transformation marks a major shift for the U.S. crypto industry. In a recent interview, Sonnenshein highlighted the positive regulatory changes, including dropped lawsuits and a more cooperative approach from the SEC. The once harsh “regulation by enforcement” mentality is now giving way to an environment where collaboration and innovation are being encouraged. The U.S. crypto economy has advanced significantly, Sonnenshein noted, especially since…
Ripple’s decision to drop its cross-appeal and settle for a $50 million fine with the SEC marks a significant development in the ongoing legal battle. Ripple, the company behind the popular cryptocurrency XRP, has made a crucial decision in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). In a move that could mark the end of a significant chapter in the crypto world, Ripple has agreed to drop its cross-appeal against the SEC and settle for a reduced fine of $50 million. This decision comes just days after the SEC decided to drop its own appeal…
US-Japan Collaboration on Tokenization: How This Strategic Partnership Could Shape the Future of Web3. The US-Japan collaboration on tokenization is a game-changer in the world of Web3 technology and blockchain innovation. Recently, the Asia Web3 Alliance presented a proposal to the U.S. Securities and Exchange Commission (SEC) Crypto Task Force that advocates for a cooperative effort between the United States and Japan to create clear regulatory frameworks for tokenization. This partnership between the U.S. and Japan seeks to address the growing need for regulatory clarity in the emerging digital asset market. The process of turning assets into digital tokens on…