Looking for "Ethereum"

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johnd • Jun 21, 2024, 11:48 am EDT

SEC Ends Investigation Into Ethereum 2.0, Consensys Announces

Background on the SEC Investigation In April, blockchain development company Consensys received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), a precursor to legal action, concerning its MetaMask wallet. The wallet enables users to self-custody Ethereum (ETH) and other cryptocurrencies. The SEC’s investigation aimed to ascertain whether Ethereum, the second-largest cryptocurrency by market cap, should be classified as a security. Consensys’ Legal Action Against SEC Consensys filed a lawsuit against the SEC, seeking to stop the investigation. The company argued that Ethereum qualifies as a commodity, not a security, placing it outside the SEC’s regulatory scope. This

2 minutes

satoshin • Jun 7, 2017, 10:22 am EDT

Bitcoin surges 8% to record near $3,000 before giving up some gains

Bitcoin surged more than 8 percent at one point on Tuesday to a record, breaking above $2,900. The digital currency hit a high of $2,967.48 earlier in the session before giving back some gains to trade at $2,779.67, according to CoinDesk. The cryptocurrency came off its record shortly after Mark Cuban said it was in a bubble. The Bitcoin Investment Trust (GBTC) fund, which tracks bitcoin, rose 3.3 percent and traded record highs. Ethereum, an alternative cryptocurrency to bitcoin, also rose on Tuesday, advancing nearly 3 percent to build on Monday’s record-setting session and its massive year-to-date gains. Bitcoin has

2 minutes

satoshin • May 30, 2017, 7:57 am EDT

Tokens are early today, but will transform technology tomorrow.

Thoughts on Tokens – Balaji S. Srinivasan By Balaji S. Srinivasan and Naval Ravikant The exponential rise of non-Bitcoin tokens prior to the coming correction. Data from coinmarketcap.com/charts In 2014, we wrote that “Bitcoin is more than money, and more than a protocol. It’s a model and platform for true crowdfunding — open, distributed, and liquid all the way.” That new model is here, and it’s based on the idea of an appcoin or token: a scarce digital asset based on underlying technology inspired by Bitcoin. While indisputably frothy, as of this writing the token sector sits at a combined market cap

14 minutes