Author: James Wilson

South Carolina has dropped a lawsuit against cryptocurrency exchange Coinbase, which accused it of offering unregistered securities. The South Carolina Attorney General’s securities division dismissed the case in a joint agreement with Coinbase, marking another win for the exchange after a similar case was dropped by Vermont earlier this month, according to the exchange’s chief legal officer, Paul Grewal. “The dominoes keep falling […] This is not just a victory for us, but for American consumers, and we hope it’s a sign of things to come in the few states left that restrict staking,” he wrote in a Mar. 27…

Dunamu, the operator of crypto exchange Upbit, posted an 85.1% increase in operating profit for 2024, fueled by Bitcoin’s halving and pro-crypto policies in the U.S. Dunamu, the company behind South Korean crypto exchange Upbit, had a strong 2024, with revenue and profit rising sharply, as its latest earnings report suggests that improved investor sentiment and major crypto events may have played a role. According to the company’s regulatory filing, its 2024 revenue reached KRW 1.7316 trillion (around $1.3 billion), up 70.5% from the previous year. Operating profit grew even more, surging 85.1% to KRW 1.1863 trillion, while net income…

A new bill introduced in South Carolina proposes the creation of a state-run Bitcoin reserve with a cap of 1 million BTC.  Filed on Mar. 27, South Carolina’s Strategic Digital Assets Reserve Act seeks to give the state treasurer the authority to hold Bitcoin (BTC) and other digital assets as a hedge against inflation. According to the bill, inflation has reduced the purchasing power of retirement funds and state-managed assets. To protect its finances, South Carolina wants to diversify them. Bitcoin is viewed as a possible hedge against economic volatility. The proposed Digital Assets Reserve would enable the state to…

To improve security in the cryptocurrency sector, Coinbase Institutional has made its multi-party computation cryptography library publicly available. MPC technology lowers the risk of theft or illegal access by allowing multiple parties to sign transactions without disclosing their private keys. Coinbase announced on Mar. 27 that they have open-sourced tools for transaction signing and safe key protection techniques, alongside technical documentations to help developers in integrating MPC into their systems. We’re open-sourcing our multiparty computation (MPC) cryptography library, setting a new industry benchmark for cryptographic transparency.While this technology already helps safeguard Coinbase assets, we’re raising the bar for security across…

Without pursuing any enforcement action, the U.S. Securities and Exchange Commission has formally concluded its investigation into Crypto.com. In a blog post on Mar. 27, the exchange revealed the news, pointing out that it had previously received a Wells notice from the SEC before suing the agency in October 2024. The lawsuit, which claimed the SEC had overstepped its authority, was later dismissed in December. The investigation has now ended with no penalties. Nick Lundgren, Crypto.com’s Chief Legal Officer, welcomed the decision, stating: “We are pleased that the current SEC leadership has made the decision to close its investigation into…

Key Takeaways The investigation began last year when the SEC issued a Wells notice to Crypto.com in August SEC has also dropped actions against Kraken, ConsenSys and Cumberland DRW LLC Crypto.com announced on Thursday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the exchange and will not pursue enforcement action. The SEC has not issued a public statement regarding the closure of the investigation. However, Crypto.com Chief Legal Officer Nick Lundgren stated, “We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com with no enforcement action or…

Circle has unveiled USDCKit, a new tool designed to make USDC payment integration easier for businesses.  According to a Mar. 27 announcement on Circle’s official blog, the demand for stablecoins has been rising despite market volatility. Stablecoins have found a strong product-market fit in both the web3 and traditional finance sectors. However, many companies struggle to set up stablecoin transactions due to technical and compliance hurdles. USDCKit will help remove these barriers by providing large-scale payment processing, automated fund transfers, and integrated regulatory tools. Any business that handles large amounts of USD Coin (USDC) transactions could benefit, even though payment…

Ethereum Name Service (ENS) converts machine-readable addresses into human-readable addresses. Most cryptocurrencies have a public and private key. The private key is used to send crypto, while the public key is practically the address. For instance, think of a public key as a house address or email address, and if someone wants to pay, to do so, they would need public keys so that they know where to send their funds. However, the public key can’t be said aloud as it’s pretty long and a bunch of seemingly random numbers and letters. As this was a problem, two developers came…

Chainlink’s goal is to build a network whеrе data providеrs also known as oraclеs and arе financially incеntivizеd to dеlivеr truthful an’ rеliablе data to a blockchain. Thе Oraclе and which govеrns Chainlink and is a softwarе actin’ as a mеdiator and еnablin’ a two way transfеr of data bеtwееn smart contracts an’ thе rеal world.  What is Chainlink? A network of oracles that is decentralized and provides data from off-chain sources to on-chain sources and vice versa. It allows smart contracts to access real-world information that exists outside of the blockchain in a secure manner. Chainlink also tackles the…

Fixed deposits have been one of the most popular tools in the financial world. You make a deposit and earn interest after holding it for a certain period. Similarly, in the world of decentralized finance (cryptocurrencies), there is a term called Staking that rewards investor for validating transactions. Here are some of the Best Crypto Staking Platforms: What is crypto Staking? Crypto Staking puts your cryptocurrency on the lock to earn interest or rewards. You can stake only a certain number of cryptocurrencies. Only those cryptocurrencies can be staked, supporting the proof of stake algorithm. Proof of stake is a…