The Commodity Futures Trading Commission (CFTC) recently announced that they have awarded a crypto whistleblower with over $1 million. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC has been prioritizing the identification of unlawful conduct in the digital asset marketplace, especially with the rise of scams
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The debate between Ethereum and Solana has been reignited by a crypto analyst who recently evaluated the two cryptocurrencies to determine which one was superior. Peter Brandt, a well-known crypto trader and analyst, compared the fundamental characteristics, strengths, and weaknesses of Solana and Ethereum in a recent post on social media. Brandt’s analysis highlighted Ethereum’s
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant advancements in terms of processed transactions and overall improvements. The recent announcement of a hard fork featuring the new Bor version showcases the team’s commitment to enhancing the ecosystem. Scheduled for August 9, this upgrade will introduce a burning mechanism aimed at reducing
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
OKX CEO, Star Xu, recently issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu highlighted the
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
The cryptocurrency market has witnessed an impressive recovery as Bitcoin’s price surged past $60,000 and neared $63,000 for the first time since the weekend. The recent market-wide crash that occurred last week and on Monday saw BTC’s price plummet from over $66,000 to a 6-month low of $49,500. However, the asset quickly started to bounce
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse skill set. He is a web3 content writer, journalist, and aspiring trader. Edyme has contributed to various reputed platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His journey into the realm of cryptocurrency was not without its challenges, starting