The landscape of cryptocurrency trading in the United States has experienced a significant shake-up with the recent actions of the Securities and Exchange Commission (SEC) against eToro. The financial services platform, known for its accessibility to retail investors, is set to discontinue trading for the vast majority of its cryptocurrency offerings. This decision, prompted by
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The downfall of cryptocurrency exchange FTX has reverberated through the financial and legal communities like few other scandals. Central to this story is Ryan Salame, a former executive who, until recently, was entangled in a web of financial impropriety and deceit. Salame’s case has taken a troubling turn, raising questions about the integrity of his
The landscape of cryptocurrency trading is undergoing a seismic transformation, particularly for platforms operating within the US. One notable player, eToro, has recently found itself at a crossroads following a settlement with the US Securities and Exchange Commission (SEC). This decision, culminating in a $1.5 million settlement announced on September 12, highlights the increasing scrutiny
In a bold move that signals mounting scrutiny of federal agencies, a group of Republican lawmakers has initiated a joint inquiry into the Securities and Exchange Commission (SEC). This investigation stems from apprehensions surrounding the agency’s hiring practices, particularly whether political affiliations have unduly influenced senior staff appointments. The letter directed to SEC Chairman Gary
Recent fluctuations in the cryptocurrency landscape witnessed Bitcoin (BTC) sinking to around $55,500 and Ethereum (ETH) dipping to $2,200. This decline triggered widespread anticipation of further struggles, leaving many to brace for a deeper recession in the market. Surprisingly, the market reacted differently than predicted; a swift rally in altcoins emerged, defying the bearish predictions
The world of digital assets—including cryptocurrencies like Bitcoin and various forms of non-fungible tokens (NFTs)—is rapidly evolving. With this evolution comes the pressing need for strong regulatory frameworks that can offer clarity and protection to asset owners. In this context, the recent proposal of the Property (Digital Assets etc) Bill in the UK marks a
The cryptocurrency arena remains abuzz with speculation following the recent activity from a wallet tied to the now-defunct FTX exchange and its affiliated firm, Alameda Research. On September 12, the blockchain surveillance service PeckShield reported that this wallet redeemed a notable 177,693 Solana (SOL) tokens, with a staggering value of around $23.75 million. This transaction
The rise of decentralized storage solutions marks a significant shift in how we manage data in the digital age. Among the prominent players in this emerging industry is GhostDrive, a relatively new platform that is swiftly gaining traction. With over 740,000 monthly users, GhostDrive operates as a Telegram Mini App built on the TON (The
Samuel Edyme, more famously known as HIM-buktu, is a web3 content writer, journalist, and an aspiring trader who has left an indelible mark on the crypto industry. His journey into the crypto universe was far from conventional, starting with a scam rather than a successful investment. Edyme found himself embroiled in a Ponzi scheme that
In recent times, the Commodity Futures Trading Commission (CFTC) has partnered with various federal and private organizations to combat the increasing trend of crypto scams known as “pig butchering.” The agency highlighted that these scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. This collaborative
