The US Securities and Exchange Commission (SEC) has recently concluded its investigation into stablecoin issuer Paxos, bringing an end to a year-long ordeal for the company. After initially receiving a Wells notice from the SEC over its dollar-backed BUSD stablecoin, Paxos has finally received a notice of investigations termination, signaling that the regulator will not
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In a time of challenging market conditions, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for continued growth and innovation. The recent unveiling of its new website marks the beginning of a series of steps aimed at fostering greater transparency and fair market practices within the industry. Amidst
Bitcoin’s attempt to reach $60,000 was thwarted as the cryptocurrency experienced a minor retracement, dropping back to just over $58,000. This retracement comes after a recent surge in price, with the asset hitting a multi-day peak of $59,500 before the correction. The bulls had been driving the recovery following a slump to a multi-month low
Bitcoin (BTC) has recently broken above its bearish trendline, showcasing strong bullish momentum in the market. This surge has sparked optimism among traders and investors regarding the potential for BTC to reach the $60,152 mark. With a current market capitalization exceeding $1.1 trillion and a trading volume of more than $24 billion, Bitcoin is currently
The famous Canadian musician and actor, Drake, has once again found himself on the losing side of a substantial bet. This time, he lost $300,000 worth of Bitcoin after Canada was defeated by Argentina in the Copa America semi-final. This is not the first time Drake has suffered significant losses in the world of sports
In a recent Senate Agriculture Committee hearing, CFTC chair Rostin Behnam expressed openness to the idea of the agency becoming a primary regulator for cryptocurrencies. This proposal, if implemented, would involve changes to the definitions of securities and commodities. Senator Roger Marshall suggested that the CFTC take on the role of primary regulator for digital
In mid-July, Binance, the world’s largest cryptocurrency exchange, announced a temporary suspension of deposits and withdrawals for approximately one hour. This move was due to scheduled wallet maintenance, aiming to ensure the stability of the network. However, trading services were not affected during this period, and users were assured that their cryptocurrency transactions would resume
In a bid to bolster security within the cryptocurrency industry, Kraken recently announced its collaboration with other major players to co-found the Blockchain Security Standards Council (BSSC). The purpose of this nonprofit organization is to establish uniform security standards across the crypto sector, with the goal of addressing critical security threats such as fraud, nation-state
In a recent turn of events, wallets linked to the CoinStats exploiter made a significant move by transferring nearly $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes on the heels of investigations initiated by the leading crypto tracker following a security breach in June. CertiK, a blockchain security
A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin (BTC), stating that the cryptocurrency could potentially surge to $100,000 in the coming years. This optimistic outlook is based on the increasing inflows into Spot Bitcoin ETFs and the anticipation of an upcoming bull run in the crypto market.