The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 ultimately fell short. With 228 House members voting in favor of HJ Res. 109 to end SAB 121, 184 voting against it, and 21 abstaining, it is clear that there was majority
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Recent data reveals a remarkable shift in the relationship between Bitcoin and US stocks. Previously, these assets showed a positive correlation, impacting Bitcoin and the broader crypto market. However, according to market intelligence platform IntoTheBlock, the correlation between Bitcoin and the Nasdaq 100 and S&P 500 has now turned negative. This negative correlation indicates that
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 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
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
The latest buzz in the cryptocurrency world revolves around Ethereum (ETH) as it takes the spotlight as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence
The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
Bitwise Chief Compliance Officer (CCO) Katherine Dowling recently expressed optimism regarding the approval of spot Ethereum ETFs, stating that they are “close to the finish line.” She highlighted the positive reception from the SEC, mentioning that discussions about potential products have been well-received. In a recent interview with Bloomberg, Dowling mentioned that the SEC and