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I funded my lifestyle from Bitcoin, not Telegram: Pavel Durov

Pavel Durov, the CEO of Telegram, disclosed that he invested significantly in Bitcoin back in 2013, acquiring thousands of BTC at around $700 each. Durov expressed firm belief in Bitcoin, highlighting that despite market fluctuations, including a dip below $200, he refused to sell, viewing Bitcoin as a reliable form

Tron Inc. Shares Tumble 85% From June Peak Amid DAT Market Slump

Tron Inc. has experienced an 85% decline in its stock price since peaking at $12.80 in June, reflecting a broader downturn in crypto-linked public companies. The firm, which went public through a reverse merger in July, saw its shares drop 55% in September alone. Market analysts attribute this sell-off

MEXC Ventures Raises Ethena Investment to $66M

MEXC Ventures has significantly increased its investment in the Ethena ecosystem to $66 million, which includes a recent $30 million infusion into ENA, the governance token of the Ethena protocol. The investment also comprises a $14 million investment in ENA and a $20 million acquisition of USDe, Ethena's

SEC staff open to advisers using trust companies as crypto custodians

The US Securities and Exchange Commission (SEC) has signaled an openness to allowing investment advisers to utilize state trust companies for custody of cryptocurrency assets. In a no-action letter issued by the SEC’s Division of Investment Management, the agency stated it would not pursue enforcement actions against advisers using

SEC staff open to advisers using trust companies as crypto custodians

The US Securities and Exchange Commission (SEC) has indicated that investment advisers may use state trust companies to custody cryptocurrency assets, following a no-action letter from the SEC’s Division of Investment Management. This letter reassures that no enforcement action will be taken against advisers utilizing these custodians. Law firm

SEC No-Action Letter Creates Opening for More Firms to Serve as Crypto Custodians

The U.S. Securities and Exchange Commission (SEC) has announced it will not take enforcement action against investment advisors and other entities using state-chartered trusts to hold digital assets. This new guidance could allow more firms, including those affiliated with major crypto companies, to act as custodians for cryptocurrencies. The

Ripple CTO David Schwartz to Step Back, Remain on Board as CTO Emeritus

David Schwartz, the Chief Technology Officer of Ripple, announced he will step back from his daily responsibilities at the end of the year after over 13 years at the company, transitioning to a CTO emeritus role. Despite stepping back, Schwartz will remain involved in the XRP community, focusing on developing