A federal court in Texas decided Consensys’ recent lawsuit against the Securities and Exchange Commission wasn’t warranted, because it’s underlying legal danger had ceased. Consensys is still in a legal battle with the U.S. securities regulator over MetaMask. The U.S. Securities and Exchange Commission had – for a time –…
The company purchased 7,420 bitcoin between September 13 and 19 for at an average price of $61,750. The firm upsized this week’s convertible note offering to $1.01 billion principal amount from $700 million, and used the proceeds for the BTC acquisition. U.S. Adds 206K Jobs in June; Mt. Gox Begins…
Remember when switching from iPhone to Android was simply a hassle? Brace yourself: With today’s launch of iPhone 16 and the proliferation of personalized AI clouds, it’s about to be virtually impossible. Tech titans are wielding AI as if it were superglue, making it increasingly difficult for users to escape…
Much to the surprise of many, a Texas federal judge has dismissed a lawsuit filed by Consensys against the U.S. SEC. The software development firm filed a lawsuit against the SEC and its five commissioners including Gary Gensler. This suit accused them of attempting to regulate Ether as a security.…
Solana Labs’ mobile subsidiary, Solana Mobile, has announced the launch of its second crypto-focused smartphone, the Seeker, which will ship in 2025. The new device, unveiled during the Token2049 event in Singapore, promises hardware and software improvements over its predecessor, Saga. Seeker’s Capabilities “We’ve been deep in build mode for…
Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, calling it a “welcome alternative” to further litigation over investor losses. The…
The event covered everything from Ethereum’s growth to new partnerships in sports and AI, highlighting how the industry continues to evolve. Vitalik Sings Ethereum’s Progress: Fees, Speed, Future Ethereum creator Vitalik Buterin surprised Token2049 attendees by delivering his speech in the form of a concert. Despite the unusual presentation, he…
The optimism comes after the Federal Open Market Committee (FOMC) decided a 50 basis points interest rate cut in September, suggesting the US economy is in a good place. Crypto Banter, a popular YouTube channel with over 1.08 million subscribers, says the 2024 altcoin season is beginning. Its founder, Ran…
Ethereum developers agreed to take a multi-phase approach in implementing the highly anticipated ‘Pectra’ upgrade during the latest Consensus Layer Meeting on Sept. 19. The decision comes after growing concerns about the complexity of delivering the upgrade in one release, which increased the risk of technical issues and bugs. The phased…
Solana Labs subsidiary, Solana Mobile, has unveiled the Seeker, its second-generation web3 smartphone set for release in 2025 during Token2049. Emerging from its “Chapter Two” stealth phase, the device has secured over 140,000 pre-orders across 57 countries. “We needed to make Seeker more accessible, more affordable, and ensure its hardware and…