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SEC Drops Investigation of Bitcoin L2 Stacks and Builder Hiro, Filing Says
The conclusion of the probe into the company formerly known as Blockstack, which raised $70 million via token sales from 2017 to 2019, is another win for the crypto industry in its years-long struggle with the regulator.
Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B
Partior, a blockchain payment network backed by banking giants JPMorgan (JPM), DBS (D05) and Standard Chartered (STAN), has raised $60 million in Series B funding. The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group, according to an emailed announcement on Friday. JPMorgan, Standard Chartered and existing investor Temasek also joined the round. Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement. The new capital will be used to expand Partior's capabilities in intraday foreign-exchange (FX) swaps and cross-currency repurchases.
Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler
A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday.
OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources
OKX, the world's second-largest cryptocurrency exchange, plans to make the Mediterranean island of Malta its European hub and base for compliance with the newly arrived Markets in Crypto assets (MiCA) regulatory framework, according to two people familiar with the matter. It's a change of tack for OKX, which said in May of last year that France would be its preferred European Union hub. OKX's France arm has been registered with France's financial regulator Autorité des marchés financiers (AMF) since December. "Compliance in Malta is way more lenient, and that's not the tag you want to have when you're in crypto and trying to make it in the EU," said a person with direct knowledge of OKX's European regulatory efforts. OKX declined to comment on the Malta decision.
SEC Commissioner Grilled on Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees
Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC) told senators on Thursday that rampant fraud in crypto markets left her unwilling to approve bitcoin exchange traded products earlier this year.
Coinbase Unveils Web App to Track Personal On-Chain Wallets
Jumping in on a continued effort by wallet makers to simplify access and user experience, particularly for newcomers, Coinbase (COIN) is introducing an app that lets users manage all of their on-chain wallets and activities in one place, the company announced Thursday.
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