The U.S. Securities and Exchange Commission has concluded a three-year investigation into Hiro Systems, a blockchain software developer formerly known as Blockstack, without recommending enforcement action. This decision marks a significant victory for the crypto industry, which has long grappled with regulatory scrutiny. Background of the Investigation Hiro Systems raised $70 million through token sales…
XRP emerged as the sole crypto major in the green, gaining 5% in the past 24 hours while the broader crypto market, including Bitcoin (BTC), faced declines. This surprising resilience of XRP comes in the wake of recent market events and announcements that have affected major cryptocurrencies. Bitcoin’s Struggle Post-CPI Readings Bitcoin (BTC) slumped 2.3%…
Fireblocks, a leading crypto custody firm, has announced the addition of five new firms to its Global Custodian Partner Program. The newly joined firms are Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar. This expansion aims to provide enhanced local third-party crypto safekeeping options to institutions using Fireblocks technology across various jurisdictions, including the U.K., Australia,…
Ionic Digital Hires CFO John Penver to Lead IPO Ionic Digital, a prominent Bitcoin mining company, has announced the hiring of John Penver as its new Chief Financial Officer. Penver, who previously served as CFO of data center service provider TSS, brings over 18 years of experience in data center technology and infrastructure to Ionic…
MicroStrategy Inc. (NASDAQ:MSTR), the largest publicly traded corporate holder of Bitcoin, has announced a 10-for-1 stock split. This strategic move aims to make its shares more accessible to a broader range of investors and employees. The company’s shares have seen a remarkable surge of approximately 1,000% since it began purchasing Bitcoin in 2020, significantly outpacing…
Anthony Scaramucci, the founder of SkyBridge Capital, has implemented measures to limit client exits from the firm’s crypto-focused hedge fund. This comes despite significant gains in cryptocurrency, which have led to impressive returns for the fund. Investors holding around 70% of the fund’s shares sought to redeem their investments during the most recent redemption period,…
Ethereum staking benchmarks, such as the Composite Ether Staking Rate, are becoming essential tools for operators to measure performance, optimize operations, and gain a competitive edge in the digital asset market. As the CFO of Pier Two, Tom Whitton, highlights, these benchmarks provide a reliable standard for staking service operators, helping them to differentiate their…
Starknet, a Layer-2 network on Ethereum, is poised to open staking on its ecosystem by the end of 2024. The announcement, made by StarkWare’s CEO Eli Ben-Sasson at the Ethereum Community Conference in Brussels, marks a significant milestone in Starknet’s decentralized journey. This article explores the details of the Starknet staking launch, its phased rollout,…
Vitalik Buterin, co-founder of Ethereum, recently delivered a keynote at the Ethereum Community Conference in Brussels. His talk focused on “hardening” the Ethereum blockchain, addressing both its strengths and weaknesses. The discussion provided insights into the current state and future direction of the Ethereum ecosystem, a topic of great importance to the estimated 1,100 attendees.…
Multicoin Capital, a leading U.S. investment firm focused on cryptocurrency, has announced a pledge of up to $1 million to support Senate candidates with favorable views on the crypto industry. The firm plans to back four Republican candidates—Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio, and Tim Sheehy in Montana—through donations…