The U.S. Securities and Exchange Commission has ended its investigation into Hiro Systems PBC and Paxos, related to their blockchain projects, Stacks and Binance USD, respectively. The SEC will not recommend enforcement actions against either company. Hiro, formerly known as Blockstack, previously conducted a $50 million token offering under the SEC’s Regulation A+ framework in 2019.
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0 posts last weekBitcoin Transaction Fees Surge to Record Highs Amid Network Upgrades
Bitcoin transaction fees hit an all-time high of $80 million, with average fees reaching $128, surpassing the 2017 peak. This surge has sparked debate on block space demand between Ethereum and Bitcoin networks. The launch of Runes Protocol and the upcoming Nakamoto upgrade for Bitcoin’s layer-2 scaling solution, Stacks, are expected to further drive transaction fees as BTC’s layer-2 ecosystem gains traction.
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