BITCLAVE AGREES TO RETURN ICO PROCEEDS
The U.S. Securities and Exchange Commission (SEC) unveiled charges against California-based blockchain services firm BitClave sầu PTE Ltd. for allegedly holding an unregistered initial coin offering (ICO) of digital asset securities, according lớn a press release. The firm has agreed to lớn settle the charges by giving bachồng proceeds from the ICO as well as providing further “monetary relief khổng lồ be distributed khổng lồ investors through a Fair Fund” per the SEC.
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In other news, the Digital Dollar Project made its first Trắng paper public on Friday, which laid out the need for a tokenized take on the U.S. dollar as well as some possible ways to lớn create the system, Coindesk reported. The paper calls for a digital dollar that follows a “two-tiered distribution architecture.” The Digital Dollar Foundation was rolled out earlier in 20trăng tròn and is collaborating with Accenture on the effort.
On another note, authentication startup Magic notched $4 million in funding from investors such as Lightspeed Venture Partners and Naval Ravikant, Coindesk reported. The startup already reportedly works with decentralized exchanges such as RadarRelay and Uniswap. Ravikant, for his part, said per the outlet, “Magic points the way towards a world in which user identity and authentication is decentralized và not subject to lớn control by the tech giants.”
And Ripple wrote in a post on its website that XRP is a “preferred base currency for arbitrage trading.” The company touted “XRP’s low transaction fees, reliability and speed” as an avenue for “sourcing liquidity in cross-border payments.” When transaction fees jumped on bitcoin’s and ethereum’s network during an abrupt market collapse on March 12, it claims that users migrated to lớn XRPhường. for exchange balance transfers.
In other news, Knox và Bitbuy, two Canadian companies, are collaborating to lớn provide insurance khổng lồ clients on their deposits, Live sầu Bitcoin News reported. Bitbuy Founder and President Adam Goldman said per the outlet, “Our partnership is the result of a collective sầu commitment towards establishing a transparent framework for safekeeping client assets.” Goldman also noted that the two firms are “strongly aligned on the direction of the industry.”
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