In brief Paxos Securities Settlement Company has received SEC registration as a clearing agency. The registration allows Paxos to operate as a central securities depository and provide clearing and settlement services, while meeting ongoing regulatory requirements. The approval follows seven years of regulatory engagement, including a 2019 No-Action Letter and a pilot program operating since February 2020. Paxos Securities Settlement Company, a subsidiary of blockchain infrastructure firm Paxos, has received SEC registration as a clearing agency under Section 17A of the Securities Exchange Act.The registration makes Paxos the “only blockchain-native firm” approved by the SEC to operate as a central…

Ethereum core developers may soon get a new source of funding: a blockchain lottery.Decentralized lottery protocol Megapot said Thursday it is teaming up with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to introduce what they describe as the crypto industry’s first programmable charity lottery.Under the arrangement, users can buy tickets for a daily lottery through a dedicated Protocol Guild portal for a chance to win prizes from a pool exceeding $1.1 million. Megapot said 100% of referral fees generated from ticket sales will be automatically distributed by smart contracts to Ethereum developers supported by Protocol Guild.The effort…

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