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
In a recent announcement, it was revealed that Tokocrypto, a subsidiary of Binance, has achieved a significant milestone by securing a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This development is a testament to Tokocrypto’s dedication to regulatory compliance and positions the exchange as the third in Indonesia
Over the past two weeks, the cryptocurrency market has witnessed an 11% correction in bitcoin’s price, leading to extremely volatile trading conditions. Despite a brief rebound to $58,000, bitcoin still has a long way to go before reaching its all-time high levels. According to on-chain data from Santiment, wallets holding less than 1 BTC have
Nubank, a prominent fintech bank, made headlines with the recent announcement of suspending trading for its own cryptocurrency, Nucoin. The cryptocurrency, which was introduced as part of a reward program on the Polygon blockchain, will no longer be available for buying or selling within the bank’s app. Instead, it will function solely as an asset
