The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over violations related to a private fund managed by the firm that primarily invested in cryptocurrency assets. The SEC alleges that Galois Capital failed to comply with client asset safeguarding requirements, especially in regards to crypto assets
Cardano recently underwent a highly anticipated Chang hardfork, bringing significant changes to the Layer-1 blockchain. Some of the key updates include on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure with cost model improvements. This upgrade allows ADA holders to participate directly in governance decisions or delegate their voting power to
Recently, Ripple made headlines by announcing a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with 12 of them strategically located in the Asia Pacific region.
Samuel Edyme, also known as HIM-buktu in the web3 space, is a multifaceted individual. He is a content writer, journalist, and aspiring trader who has made a name for himself by contributing to various industry publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s entry into the world of cryptocurrencies was far from traditional –
Bitcoin, the leading cryptocurrency, experienced a significant drop in value recently. While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. The trajectory of Bitcoin’s value is impacted by various factors, including the looming threat of a US recession. The fear of an economic
Cryptocurrency exchange WazirX has accelerated the second phase of its fiat currency withdrawal process, launching it on September 3 ahead of the original schedule of September 9. This move comes in the aftermath of a significant security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty took to
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have once again highlighted the critical importance of proper custody practices in the cryptocurrency industry. The SEC found that Galois failed to ensure that the crypto held by the private fund it was advising was held with
Recent price volatility in the Bitcoin market, including a dip below $50,000 last month, has caused some concern among investors. However, popular crypto analyst CryptoCon remains optimistic about the future of Bitcoin. Despite the recent price drop, CryptoCon sees the current situation as a minor setback and believes that the highly anticipated bull run is
Bitcoin faced a significant drop, falling below $56,000, prompting concerns about its future trajectory. Arthur Hayes, the co-founder and former CEO of BitMEX, highlighted the possibility of the cryptocurrency sliding further to $50,000 in his recent article. Not only did he suggest a potential decline in Bitcoin’s value, but he also warned about altcoins facing
The anticipation for the release of Rebel Skies, a new mobile game developed by Faraway Games, is steadily growing in the gaming community. Set to launch in October 2024, Rebel Skies is not just another mobile game; it is a unique blend of action, real-time strategy (RTS), and deck-building genres. The incorporation of blockchain technology
