Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has initiated an important legal effort aimed at classifying Ethereum, one of the leading cryptocurrencies, as a security. This move, which began around March 20, 2024, signals a potentially transformative period for both Ethereum and the broader digital currency landscape.

Is Ethereum a Security?

The SEC’s contemplation

The Ethereum blockchain has taken a monumental step forward with the successful implementation of the Dencun upgrade (aka EIP-4844) as of March 13th. This significant development marks a new era for Ethereum, focusing on reducing costs for layer-2 transactions and bolstering data availability. By introducing “proto-danksharding,” Ethereum aims to revolutionize the blockchain landscape by

Eclipse Labs, a forefront software firm in blockchain innovation, has achieved a groundbreaking milestone by securing $50 million in Series A funding. Co-led by Placeholder and Hack VC, this funding round brings the total capital raised by the company to $65 million.

The funds are dedicated to advancing Eclipse, an Ethereum layer-2 solution designed