In a pivotal clarification released on February 27, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance undertook a significant examination of memecoins—cryptocurrencies primarily driven by internet culture and speculation. The SEC concluded that these digital assets do not fall under the definition of securities as outlined by federal law, specifically under the
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In the rapidly evolving landscape of cryptocurrency exchanges, security remains an ever-pressing concern. The recent hack of Bybit, which resulted in the compromise of approximately $1.5 billion, brought the spotlight onto Safe Wallet, the custodian of the digital assets in question. Following a forensic examination that revealed failures in Safe Wallet’s infrastructure rather than flaws
In a significant turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini exchange, revealed that the United States Securities and Exchange Commission (SEC) has officially concluded its investigation into the platform. This announcement comes nearly two years after the probe began and follows the issuance of a Wells Notice to Gemini
The recent initiative by UK legislators to introduce the Crime and Policing Bill reflects an urgent response to the evolving challenges posed by digital currencies in the landscape of criminal activity. As cryptocurrencies become increasingly integrated into everyday transactions, their misuse in illegal schemes has raised significant concerns among law enforcement agencies. The bill not
Bitcoin has proven to be an unpredictable asset, and recent developments underscore this volatility. Following the announcement of a 25% tariff from former US President Donald Trump targeting imports from Canada and Mexico, Bitcoin’s price tumbled below the crucial $90,000 threshold. This incident highlights how external economic policies can dramatically influence cryptocurrency markets. Investors often
In a notable development within the cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has announced its decision to dismiss the enforcement action against Consensys. According to a February 27 statement, the SEC has reached an agreement in principle, pending final court approvals, to drop the case concerning alleged securities violations. This resolution arrives
The Bitcoin Fear & Greed Index, a pivotal gauge of market sentiment, has recently descended to a staggering low of 10, the most alarming level witnessed since June 2022. This index helps measure the emotional landscape of investors, fluctuating between extremes of fear and greed. Its sharp decline from last week’s neutral score of 49
In a recent development that has drawn significant attention, Cameron Winklevoss, co-founder of Gemini, addressed the U.S. Securities and Exchange Commission (SEC) regarding its investigation into the cryptocurrency exchange. On February 26, Winklevoss revealed that the SEC had formally concluded its investigation without levying any charges against Gemini. This decision came almost two years after
In a dramatic shift within the cryptocurrency landscape, Bitcoin recently plummeted to its lowest price in several months, falling to approximately $82,000. This significant decline reflects a broader bearish sentiment permeating the market, resonating with traders and investors alike. The sharp drop occurred after a brief period where BTC approached the psychologically important threshold of
In the evolving landscape of digital finance, the call for greater regulatory clarity regarding stablecoins has become a pressing demand. Jeremy Allaire, co-founder of the popular stablecoin issuer Circle, has proposed that entities issuing US dollar-pegged stablecoins should be formally registered within the United States. Emphasizing this imperative during a Bloomberg interview on February 26,
