The DeFi Education Fund and the Blockchain Association have raised significant privacy and security concerns regarding the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The CAT, launched in April, aims to track all securities trades across US markets, creating the largest government-mandated collection of personal financial data in history. The NCLA initiated a
A US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange, despite Kraken’s argument that the SEC’s allegations are unfounded. The decision comes after Kraken requested a dismissal of the case filed by the SEC in
Cardano (ADA) has experienced a surge in price over the last seven days, with a gain of over 14%. However, despite this recent positive movement, there are concerns about how investors will react to this price increase. On-chain data provides valuable insights into the potential behavior of Cardano investors in response to the recent price
Pi Network, introduced in 2019, is a crypto project that has garnered significant attention in the industry. The project’s goal is to allow users to mine and earn digital assets using their mobile devices. One of the key selling points of Pi Network is its commitment to energy efficiency, achieved through the use of the
The FBI has recently announced a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud scheme. This marks a significant departure from traditional methods of victim contact and restitution in cases of financial crime. By leveraging NFTs, the FBI aims to streamline the recovery process for victims
The month of August has been a rollercoaster ride for Bitcoin investors, with the cryptocurrency experiencing significant price fluctuations. Starting off on a positive note, Bitcoin saw a 30% crash in the first week of the month, causing a market-wide downturn. While there has been a partial recovery since then, the price is still far
In recent times, the Layer 2 network landscape has witnessed a significant shift, with Base, an Ethereum Layer 2 network incubated by Coinbase, making impressive strides. According to research conducted by IntoTheBlock, Base now boasts nearly 40% more daily active addresses compared to its competitors, Arbitrum and Optimism. This substantial growth underscores Base’s increasing dominance
Bitcoin experienced a significant drop recently but has since made an impressive recovery. After falling from $59,600 to $56,300, the cryptocurrency managed to rally and reach a weekly high of just under $62,000. This surge in price was accompanied by notable gains in other major altcoins such as TRX and TON, as well as LINK,
The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
Coinbase has made an announcement regarding its support for the Ethereum layer-2 network, specifically for the planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). Scheduled to begin on Aug. 26, the migration from MATIC to POL aims to streamline transactions on the network and enhance user experience. During the migration