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Blockchain advocacy group CEDAR Innovation Foundation has urged Securities and Exchange Commission (SEC) Chair Gary Gensler to resign following the recent election. In a statement dated Nov. 18, the group criticized Gensler for not following the precedent set by previous SEC chairs who announced their resignations soon after the administration that appointed them lost an...
Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a November 6 announcement. The exchange aims to target retail traders and compete with established platforms such as Binance. Arkham stated that the new exchange would integrate its research tools and feature live on-chain audits and proof-of-reserve (PoR), providing transparency for traders....
Asia has overtaken North America as the leading region for cryptocurrency and blockchain development talent, according to a recent report. In 2024, Asia’s share of cryptocurrency developers rose to 32%, up from 13% in 2015, making it the top region for developer talent in the industry. Over the same period, North America’s share of developers...
Consensys, the Ethereum-focused software giant behind the MetaMask wallet, has announced layoffs affecting about 20% of its workforce, citing regulatory challenges and macroeconomic conditions. The New York-based company, led by Ethereum co-founder Joseph Lubin, stated on October 29 that it would eliminate 162 positions due to regulatory uncertainty and macroeconomic pressures, including rising interest rates...
Canadian consumers have shown skepticism toward the widespread early adoption of the Bank of Canada’s (BOC) concept of a digital dollar. The Canadian central bank recently conducted research to understand consumers’ changing preferences for payment methods as it prepares for the potential development of an in-house central bank digital currency (CBDC). A BOC research paper...
Vice President Kamala Harris has reaffirmed her administration’s commitment to ensuring that the United States becomes the world leader in emerging technologies such as blockchain, artificial intelligence (AI), and quantum computing. Speaking at The Economic Club of Pittsburgh on Sept. 25, Harris emphasized the importance of maintaining American dominance in these fields to remain competitive...
Tether, the issuer behind the world’s largest stablecoin, USDT, has decided against launching its own blockchain, citing market saturation and strategic concerns. Paolo Ardoino, Tether’s CEO, shared in an interview with Bloomberg News that the company’s decision stems from an analysis of the current blockchain landscape, where numerous platforms already offer similar functionalities. Ardoino explained...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the Australian Securities Exchange (ASX) in Federal Court, alleging that the stock exchange made “misleading and deceptive” statements regarding its now-abandoned blockchain project. The lawsuit claims that ASX’s assurances about the progress and expected go-live date of its blockchain-based system to replace the...
The U.S. Senate Committee on Armed Services, under the Biden administration, has decided to explore the use of blockchain technology for supply chain management and other national security applications within the Department of Defense (DOD). This initiative is part of the latest National Defense Authorization Act (NDAA) report, which acknowledges the potential of blockchain for...
Particle Network, a modular blockchain developer specializing in chain abstraction technology, has successfully raised $15 million in a Series A funding round. The round was structured as a simple agreement for future tokens (SAFT), according to founder and CEO Pengyu Wang. The funding round was co-led by The Spartan Group and Gumi Cryptos Capital, with...
