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“If needed, we welcome a legal process to provide the clarity we have been advocating for and to demonstrate that the SEC simply has not been fair or reasonable when it comes to its engagement on digital assets," said Paul Grewal, Coinbase's chief legal officer, in a statement. "Until then,
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Bradford noted the move doesn't necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted growth. "We believe the [increased] shares would provide us the flexibility to not only maintain market share,
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Binance US will be competing for a public spot proceeding despite facing allegations from global regulators. Binance US which is a cryptocurrency exchange operating in the American market will opt for an IPO way to go public. The firm is currently in the process of navigating heavy regulatory
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A “new era of smarter food safety,” an initiative by the U.S. Food and Drug Administration to “modernize how it honors its commitment to help protect consumers from foodborne illness” won’t be including blockchain technology for food safety for now — despite 2019 comments from a top agency official indicating
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China has apparently decided to double down on its crackdown on cryptocurrency as the technology continues to gain more interest from the public. Risk alerts have been issued in major cities including Beijing, Shenzhen and Shanghai by the government about the illegal use of digital currency in activities such as
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On Nov. 19, Grayscale Investments, a subsidiary of Digital Currency Group and the world's largest digital asset manager, filed a voluntary registration statement on Form 10 with the United States Securities and Exchange Commission on behalf of its Grayscale Bitcoin Trust.If successful, the move would result in the trust
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Kim Dotcom, the controversial internet entrepreneur and founder of the now-defunct file storage platform Megaupload, is making a comeback in the digital content business. This time, instead of a platform that allows users to download copyright songs and television series, Dotcom plans to use blockchain technology to create a
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