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DCG launches Yuma to fuel decentralized AI innovation with Bittensor
Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor’s infrastructure. According to the firm’s statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth. DCG founder and CEO Barry Silbert will lead Yuma and…
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SEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepancies
The US Securities and Exchange Commission (SEC) has distributed $4.6 million to investors of defunct crypto startup BitClave’s 2017 initial coin offering (ICO), according to a Nov. 20 announcement. The funds were disbursed as part of the BitClave Fair Fund established after a 2020 settlement. The firm halted its operations in 2020 after the SEC…
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Bitcoin reserve won’t solve US debt crisis: Think tank co-founder
Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do. United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to…
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SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025
The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s application to launch a crypto index exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) to Jan. 6, 2025. The SEC initially had a 45-day deadline to decide, which would have fallen on Nov. 22. However, under Section 19(b)(2)…
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SEC delays Franklin Templeton crypto index ETF decision
According to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history. The United States Securities and Exchange Commission (SEC) has delayed a decision to approve the Franklin Templeton Crypto Index ETF until early 2025.In a Nov. 20 letter, the regulatory agency explained that it…
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SEC Distributes $4.6M to BitClave Investors
Some investors in defunct crypto startup BitClave will soon get their money back, plus interest, according to a Wednesday announcement from the U.S. Securities and Exchange Commission (SEC).
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Indian central bank in ‘no hurry’ to rollout CBDC nationwide
India’s Reserve Bank is adopting a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), the e-rupee, prioritizing financial stability and a thorough understanding of its potential impacts. Deputy Governor T. Rabi Sankar emphasized that the bank is “in no hurry to roll it out immediately,” indicating a deliberate strategy to…
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Shanghai judge says cryptocurrency is a commodity, legal to own
Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute. A judge in the People’s Court of Songjiang District in Shanghai, China, has released an article on the court’s WeChat account about the legality of issuing virtual currency in China. She was commenting on a…
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SEC sends reparations to BitClave ICO investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering. The United States Securities and Exchange Commission (SEC) has sent $4.6 million in reparations to investors in Ethereum-based search engine BitClave’s initial coin offering (ICO), the agency…
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Stablecoin bill faces several challenges — former Senator Pat Toomey
The total market capitalization of the stablecoin sector has topped $174 billion as of November 2024 and continues to grow. Former United States Senator Pat Toomey believes there are several unanswered questions regarding stablecoin issuers and their underlying assets that must be resolved before comprehensive stablecoin regulations are passed in the US.In an interview with…
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