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The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). This database, operational since April, aims to track all securities trades across US markets, raising significant privacy and security concerns for participants in the digital
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In a recent development, a US federal judge has denied the request made by crypto exchange Kraken to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). This lawsuit alleged that Kraken was operating an unregistered securities exchange. The SEC’s complaint also accused Kraken of acting as an unregistered securities exchange, broker, dealer,
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Pi Network, a cryptocurrency project introduced in 2019, has been gaining traction with its unique approach to mining digital assets on mobile devices. Unlike traditional Proof-of-Work (PoW) algorithms, Pi Network utilizes the energy-efficient Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This move aims to address the high electricity consumption associated with PoW
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In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to the latest data from IntoTheBlock, Base now has nearly 40% more daily active addresses compared to the combined total of its rivals, Arbitrum and Optimism.
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