Ripple’s chief financial officer steps down amid SEC lawsuit
The SEC filed a lawsuit against Ripple in December 2020 for using XRP to raise funds, which the commission claimed was a violation of securities laws. Go to Source
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Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’
The wallet manufacturing firm reportedly had roughly 734 employees at the time of publication, suggesting that roughly 88 people may have lost their jobs. Go to Source
Valkyrie backtracks on Ether futures contract purchases until ETF launch
Bloomberg analyst Eric Balchunas speculated the SEC may have applied pressure on Valkyrie to halt purchases of ETH futures contracts until the ETF was officially approved. Go to Source
Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF
Some analysts have speculated the SEC will announce decisions or delays on crypto exchange-traded funds before Sept. 30 in anticipation of a U.S. government shutdown. Go to Source
Crypto exchange Kraken plans move into US stock trading: Report
The firm reportedly acquired a broker-dealer license from the U.S. Financial Industry Regulatory Authority as part of the expansion plan. Go to Source
How are crypto firms responding to US regulators’ enforcement actions?
Prometheum was purportedly “purpose-built to comply with federal securities laws” and has avoided lawsuits from the SEC when compared with firms like Binance and Coinbase. Go to Source
Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration
The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions. Go to Source
PayPal rolls out PYUSD stablecoin to Venmo users
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo. Go to Source
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban. Go to Source
Genesis announces winding down of crypto trading services
In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. Go to Source
