• Sep 03, 2024

Crypto Firm Galois to Pay SEC Penalty Over Use of FTX Accounts

(Bloomberg) -- Crypto investment firm Galois Capital Management will pay a $225,000 fine over Securities and Exchange Commission allegations that it broke rules for safeguarding client assets, including holding some of them in accounts with now bankrupt exchange FTX.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatA Guide to Urban Swimming in Europe, Beyond the SeineThe SEC said Tuesday that in addition to breaking

  • Sep 03, 2024

Why the SEC Is Wrong About NFTs

The SEC’s Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School...

  • Sep 03, 2024

Bitfarms Bites Back at Riot in Bitcoin Mining Battle

Bitfarms has fired back at Riot in the latest rift between the two Bitcoin mining firms and an increasingly contentious takeover fight. In a statement Wednesday, Bitfarms said that Riot had “declined to engage with us constructively” and that its rival’s takeover plan would hurt shareholders. Riot has been trying to snap up smaller miner Bitfarms for months. Riot yesterday criticized Bitfarms’ move to acquire mining company Stronghold Digital. Bitfarms had announced last month that it would do s...

  • Sep 03, 2024

Elizabeth Warren to Face Pro-Crypto Lawyer John Deaton in Senate Race

Following John Deaton’s Republican primary win in Massachusetts on Tuesday, the crypto attorney is set to square off against Senator Elizabeth Warren—both at the ballot box and on the debate stage. In a Thursday post on Twitter (aka X), Deaton challenged Warren to five “single-issue debates,” on topics including inflation, the debt crisis, and the economy. Warren told the Associated Press in an email Wednesday that the Democratic incumbent has agreed to two debates in October. On the campaign tr...

  • Sep 03, 2024

Elon Musk-Themed Telegram Game 'X Empire' Reveals How Airdrop Tokens Will Be Allocated

Rising Telegram game X Empire, formerly known as Musk Empire, has announced first details on the criteria that will dictate how players are allocated tokens for its airdrop on The Open Network (TON). This comes ahead of the game’s mining phase ending on September 30, with the airdrop apparently just around the corner. The announcement details three criteria for players to consider: wallet connection, profit-per-hour, and inviting friends. Primarily, players must have a TON wallet connected to th...