Tag: Cryptoslate
Blockchain
Biden vetoes resolution to overturn of SEC’s controversial SAB 121
US President Joe Biden vetoed HJ Res 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31 Biden wrote that SAB 121 represents the “considered
Blockchain
Lawmakers urge Biden administration to reconsider veto for SAB 121 repeal
A bipartisan coalition of lawmakers has urged the Biden Administration to abandon its plan to veto the Congressional proposal to repeal the SEC’s controversial Staff Accounting Bulletin No 121
Blockchain
Congress to discuss potential benefits of RWA tokenization in June hearing
The House Financial Services Digital Assets Subcommittee will hold a hearing on real-world asset (RWA) tokenization on June 5 to discuss the emerging sector’s potential benefits Congress will
Blockchain
Coinbase slams SEC in closing brief over refusal to provide clear regulation
Coinbase filed a closing brief with the US Court of Appeals for the Third Circuit on May 31, challenging the SEC’s denial of its rulemaking petition The case revolves around a single,
Blockchain
Over 90% of Bitcoin supply remains profitable despite market volatility
Onchain Highlights DEFINITION: The percentage of entities in the network that are currently in profit is based on the amount of Bitcoin bought cheaper than the current price The “Buy
Blockchain
Japanese DMM exchange suspends withdrawals after $305 million Bitcoin theft
Japan-based crypto exchange DMM confirmed a hack resulting in the theft of 4,5029 BTC, valued at approximately 48 billion yen ($305 million) In a May 31 statement, the exchange reported detecting an
Blockchain
Rising M2 money supply signal potential tailwinds for Bitcoin
Quick Take Analyzing recent data from the Federal Reserve Economic Data (FRED), we observe significant trends in the Federal Reserve’s balance sheet and the M2 money supply The Federal
Blockchain
Bitdeer gains $150 million from Tether for ASIC-based mining rig development
Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31
Blockchain
How does Ethereum’s DN-404 standard bridge tokens and NFTs?
DN-404 is an experimental Ethereum token standard designed to address the limitations of its predecessor, ERC-404, by enhancing tokenized assets’ efficiency, scalability, and interoperability
Blockchain
Vitalik Buterin critiques Bitcoin’s block size war, calls for innovation
Vitalik Buterin, co-founder of Ethereum, has provided a detailed reflection on the Bitcoin block size wars, a significant conflict within the Bitcoin community that spanned from 2015 to 2017 This
Blockchain
Pudgy Penguins teams up with Mythical Games to launch Web3 mobile game on Polkadot
Pudgy Penguins, a prominent NFT collection, has announced a partnership with Mythical Games to develop a Web3-powered AAA mobile game on the Polkadot-based Mythos Chain, according to a May 30
Blockchain
Luna Foundation moves $95 million in crypto to new wallet citing enhanced security
The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security On-chain data from blockchain Arkham
