Blockchain-Based Storage App ArDrive Raises $17.2 Million

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  Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent. But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida.  Though the conference was heavily focused on th...

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  FDIC Clears Path for Bank Crypto Activities Without Prior Approval

  Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday. The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission. "With today...

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  Nasdaq Exchange Submits Filing to List Grayscale AVAX ETF

  The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale. The 19b-4 form for Grayscale's AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago.  If approved, the AVAX ETF would use Coinbase Custody as its custodian, the 19b-4 shows.  The issuer must still file an S-1 registration statement describing the product, however.   AVAX, the utility token of L...