A group of big-name crypto and blockchain firms have joined forces to deliver open artificial intelligence (AI) services using combined infrastructure. The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects. The aim of the alliance is to…
The Securities and Exchange Commission (SEC) has dismissed its civil enforcement action against Coinbase Inc. and Coinbase Global Inc., citing a shift in its approach to crypto regulation, according to a Feb. 27 press release. The SEC filed a joint stipulation with Coinbase to drop the case, which was originally part of the commission’s broader…
The U.S. Securities and Exchange Commission (SEC) is officially washing its hands of memecoins. The federal securities regulator said that memecoins — which it defined as a “type of crypto asset inspired by internet memes, characters, current events or trends for which the promoter seeks to attract an enthusiastic online community to purchase the memecoin…
Gemini co-founder Cameron Winklevoss announced that the US Securities and Exchange Commission (SEC) had officially closed its investigation into the cryptocurrency exchange and would not be pursuing enforcement action. This decision comes nearly two years after the probe began and over nine months after Gemini received a Wells Notice. SEC Closes Gemini Case In his…
Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure. Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging. If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program,…
Every successful crypto conference needs a Hackathon to showcase the ideas and projects that will usher in the next wave of Web3 ideas. Consensus Hong Kong—organized by EasyA, the start-up for developers—did just that and brought in hundreds of competitors to highlight the projects that look to take the industry to the next level. EasyA’s…
Coinbase has been freed from its protracted legal battle with the U.S. Securities and Exchange Commission as the agency agreed to drop the case that’s been among the industry’s core fights in federal court. Though the SEC’s intention to agree to shut down the legal dispute had already gone public when the U.S. crypto exchange…
Investors are urging Revolut to consider another secondary share sale as new stakeholders seek entry into the fintech firm, Bloomberg News reported on Feb. 27. Sources familiar with the matter told the news outlet that some shareholders were willing to sell shares in a transaction that could value the company at $60 billion. This represents…
A lot of attention is paid to the decentralization of the Bitcoin network. Bitcoin miners should set up shop in a number of different jurisdictions in order to prevent any kind of regulatory capture of the network, so the thinking goes. Some members of the crypto community even saw China’s 2021 crypto ban as a…
Bitcoin’s (BTC) selling pressure is potentially subsiding as traders register 12% in unrealized loss margins, according to CryptoQuant’s head of research, Julio Moreno. Moreno added that this could potentially result in BTC getting stuck in a lateralization pattern for up to four months. He further highlighted that the current level of traders’ unrealized losses usually signals…