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Crypto.com, a Billion-Dollar Sports Advertiser, Sues SEC Amid Probe

Crypto.com, whose prominent sports partnerships include UFC and naming rights to the Los Angeles Lakers’ arena, is suing the U.S. government claiming it is overstepping its jurisdiction regarding cryptocurrencies and securities law. The company’s suit, announced Tuesday morning, comes immediately after the U.S. Securities and Exchange Commission (SEC) served it with a Wells notice, …

Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round

Bitcoin protocol Babylon will complete is second staking round at around 18:30 UTC (2:30 p.m. ET) on Tuesday. The staking round is "duration-based," meaning it will be last for 10 Bitcoin blocks, lasting around one hour and 40 minutes, assuming an average block time of 10 minutes. Babylon, a Bitcoin protocol which completed a staking round capped at 1,000 BTC ($62.4 million) in August, will open for business again on Tuesday with a new "duration-based" round.