The recent closure of the SEC investigation into Hiro and the Stacks blockchain without recommending any enforcement action has significant implications for the future of the Bitcoin Layer-2 network. The investigation, which started over three years ago, has been closely followed by the crypto community. This investigation stemmed from the SEC-qualified offering by Stacks in
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Recently, the Securities and Exchange Commission (SEC) concluded its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This investigation, which spanned over three years, has been a crucial chapter in the history of the Bitcoin Layer-2 network. The SEC probe started following the first-ever SEC-qualified offering by Stacks in 2019.
The recent report from the Polkadot Treasury for the first half of 2024 has highlighted concerns over an impending funding crisis. The report reveals that the Treasury’s assets, spread across multiple chains, have become increasingly challenging to manage effectively. DeFi Ignas, a decentralized finance researcher, analyzed the report and pointed out the Treasury’s limited runway
The recent announcement by the SEC regarding the closure of its investigation into Ethereum 2.0 has been met with enthusiasm within the Ethereum community. This decision comes after a letter from Consensys seeking clarity, and it signifies a major win for Ethereum developers, technology providers, and industry participants. The Enforcement Division of the SEC confirmed
After the $4.5 billion SEC settlement, Terraform Labs CEO Chris Amani announced that Terra will transition into a community-driven project. Amani emphasized the need for the community to take over ownership of the chain as the company prepares to wind down its operations. He highlighted the intention for certain teams and developers to step in
Magic’s recent partnership with Etherlink aims to enhance Tezos dApp development through improved scalability and security. By leveraging Etherlink’s non-custodial, EVM-compatible layer two solution, developers can create dApps with enhanced user experiences while utilizing Tezos’ underlying fundamentals for added security. The main goal of this integration is to simplify the onboarding process for blockchain users.
The presale for Solana’s all-American hillbilly Sealana ($SEAL) token has garnered massive attention, attracting over $3 million in funding within a month. This surge in interest in Sealana is part of a new wave of Solana meme coins that have captivated investors worldwide. Predecessors such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and
The ICO for 2024‘s new store of value altcoin, Mollars (MOLLARS), is gaining momentum with each passing day. The project’s initial coin offering has already reached 72% completion, leaving only 28% of the tokens available for purchase during the presale. This surge in interest can be attributed to Mollars being positioned as the next big
Crypto analyst Michaël van de Poppe has expressed bullish sentiments regarding Polkadot (DOT), foreseeing a potential rise in its value to as high as $25 during the current bull run. Van de Poppe highlighted the recent correction that Polkadot underwent, followed by its resurgence to pre-rally levels, indicating its strength. He attributed the bottoming out
Reddit’s stock surged by 13.5% following the announcement of a data-sharing agreement with OpenAI, the creator of the AI chatbot ChatGPT. This partnership allows OpenAI to access Reddit’s data API in order to provide real-time content from platform posts. The goal of this collaboration is to enhance the Reddit experience with AI-powered features and create