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Why Strategic Investment VCs are Missing Out on Africa’s Blockchain Boom
VALR’s success story is just one example of the potential impact that strategic investment from venture capitalists (VCs) could have on Africa’s blockchain industry. Despite the continent’s vast potential, African nations received only 1% of global blockchain venture funding in 2020, compared to the US’s 40%. This underinvestment is a missed opportunity for VCs looking…
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SEC Requests Four-Month Extension to Produce Documents for Coinbase Case
The United States Securities and Exchange Commission (SEC) is facing a significant challenge in its ongoing legal battle with crypto exchange Coinbase. Lawyers for the SEC have requested a four-month extension, until February 2025, to produce “hundreds of thousands of documents” as part of the discovery proceedings. The request was made in a filing on…
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US Lawmaker Criticizes SEC for ‘Enforcement Abuse’ Against Crypto Firms
A Republican lawmaker leading a House subcommittee overseeing digital assets has strongly criticized the United States Securities and Exchange Commission (SEC) and its chair, Gary Gensler, for what he perceives as injecting politics into the regulation of crypto firms. During a hearing on September 18 of the House Subcommittee on Digital Assets, Financial Technology, and…
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Former Alameda Research CEO Caroline Ellison Faces Sentencing Hearing After Cooperation in FTX Case
Former Alameda Research CEO Caroline Ellison is set to face a sentencing hearing on September 15th, where she may receive a lenient sentence after a recommendation from United States prosecutors. In a filing in the US District Court for the Southern District of New York, US Attorneys wrote to Judge Lewis Kaplan to inform him…
