Bitcoin’s price has been on a roller coaster ride recently, with significant fluctuations within a short period. The sudden pump to nearly $60,000 after the release of CPI numbers was followed by a sharp decline of over two thousand dollars. This extreme volatility has left investors and traders on edge, unsure of what to expect
business
In recent news, ShardLab, the blockchain branch of Hashed, has unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher dissemination. Leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), this app sets out to revolutionize the security and usability of everyday transactions in the blockchain space. The
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against cryptocurrency exchange Binance. According to Akinwumi’s testimony in a legal case brought by the Economic and Financial Crimes Commission (EFCC), Binance and its executive, Tigran Gambaryan, are being accused of conducting transactions that are typically reserved for authorized banks
The call for modification of Form S-1 by billionaire investor Mark Cuban has brought to light the challenges that token-based companies face when trying to register with the US Securities and Exchange Commission (SEC). This move comes after SEC Commissioner Mark Uyeda highlighted the inadequacies of the current approach to crypto disclosure filings. Form S-1
The Bahamas is set to expand access to its Central Bank Digital Currency (CBDC) known as the “Sand Dollar” by involving commercial banks, as stated by the country’s central bank governor. John Rolle, the Governor of the Central Bank of The Bahamas, outlined the plan to establish regulations within the next two years. The country
Circle made a significant announcement on July 1 by revealing that it had secured an e-money license from France, solidifying its position as the premier global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. This license, granted by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in
Sony Group, a prominent conglomerate in Japan, has made headlines with its recent acquisition of Amber Japan. This move will see Sony taking ownership of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co. The statement released on July 1 highlighted Sony’s plans to revamp the exchange’s UI screen and introduce a new
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission (SEC) and its regulatory authority over the crypto industry. The Chevron doctrine, established in the 1984 case Chevron v. Natural Resources Defense Council, outlined a framework for federal courts to defer to agency
The financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
In a recent statement to the media, Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, emphasized that crypto is not a partisan issue. She highlighted that crypto has garnered bipartisan support and has captured the attention of voters throughout the United States. Bottoms noted that crypto and blockchain technologies are