Solana’s Former Top Decentralized Crypto Exchange Faces SEC Securities Violations
Mango Markets’ governing body is looking to offer a settlement to the SEC.
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Financial
NY Judge Rejects SEC’s Efforts to Stymie Tron’s Arguments in Ongoing Securities Suit
Lawyers for the Tron Foundation and Justin Sun urged the court to reject the SEC’s “attempt to manufacture a controversy” over an argument in their effort to dismiss the case.
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Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The hustles amounted to about 9% of the total fraudulent platforms taken down in the first year of an investment scam disruption program.
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Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week
Babylon’s attempts to introduce BTC staking is one of many developments in recent months that are aiming to introduce greater utility to Bitcoin
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Fabric, Startup Building ‘VPU’ Chips for Cryptography, Raises $33M
The fundraising, co-led by Blockchain Capital and 1kx, will be used to “build computing chips, software and cryptographic algorithms,” the company said.
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Crypto’s Bet on Election Betting Expands to Solana
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists.
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Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe
The acquisition of ETC Group’s $1 billion in assets under management takes Bitwise’s AUM above $4.5 billion.
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Coin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule
The crypto think tank argued that a 2021 amendment to 6050I, a law that requires certain transactions to be reported to the government, is unconstitutional.
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Nigeria Planning to Present Law to Tax Crypto by September: Report
Enacting the law would need the support of the National Assembly.
Financial
First Mover Americas: XRP Outperforms as Digital Assets Start Week in the Red
The latest price moves in crypto markets in context for Aug. 19, 2024.