Update (March 11 at 9:59 pm UTC): This article has been updated to include a response from the SEC. Ian Balina, the CEO of Token Metrics and a YouTuber with more than 100,000 subscribers, said the US Securities and Exchange Commission will stop pursuing him in court over allegations he violated securities laws by promoting…
A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them to collect certain taxpayer and transaction information, including decentralized finance (DeFi) platforms. With a 292-132 vote, a bipartisan majority in the House joined the U.S. Senate in advancing the Congressional Review…
Securities exchange Cboe BZX is seeking permission from US regulators to incorporate staking into Fidelity’s Ether exchange-traded fund (ETF), according to a March 11 filing. The filing marks Cboe’s latest attempt to support staking for the Ether (ETH) funds traded on its US exchange. Cboe’s proposed rule change would allow Fidelity Ethereum Fund (FETH) to…
What was shaping up to be another down day in markets has reversed in Tuesday afternoon U.S. trading after Ukraine agreed to a Trump administration proposal for a 30-day ceasefire in its war with Russia. Russia has yet to weigh in, but the agreement will hinge on that country’s acceptance, according to a joint statement…
European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg. A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU’s member states…
Crypto payments firm Mesh announced on Tuesday it has raised $82 million to expand its stablecoin-based payments settlement network globally. The series B round was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating. Most of the capital raise was settled in PayPal’s PYUSD stablecoin, according to…
CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of $350 million of stock, while CoreWeave will deliver AI infrastructure. The deal comes…
ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), said on Tuesday it has completed its first tokenized real-world asset (RWA) issuance starting with gold-backed tokens. The tokens, available to accredited investors, each represent one kilogram of gold stored in custody, according to the press release. Investors can trade these digital…
Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index. The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn. Despite Bitcoin’s 30% drop from its all-time high…
Paraguayan agencies are ready to integrate the crypto sector. All that’s missing is the legislation. That’s according to Juan Carlos Reyes, the president of the Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating cryptocurrencies in El Salvador. “From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and…