Former FTX executive Ryan Salame recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. This move came as a surprise to many, as it was originally believed that Salame would continue to fight against the charges. The legal drama surrounding their case adds a layer of
Cons
Congressman Wiley Nickel (D-NC) recently took a stand against the US Securities and Exchange Commission (SEC), accusing the agency of damaging trust in the regulatory system through its “regulation by enforcement” strategy. He labeled the SEC’s approach as an “abuse of power” that could impede digital innovation in the United States. Nickel’s comments come as
The recent Wells notice sent by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC is suggesting that some NFTs traded on OpenSea could be classified as unregistered securities, potentially implicating the platform itself in illegal activity. This has sparked a debate about whether
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at fostering the development of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference, Tokyo’s premier event dedicated to cryptocurrencies, highlighting Japan’s strong support for Web3 innovation. Saito used this platform to emphasize the government’s
As a passionate writer deeply entrenched in the world of cryptocurrency, Opeyemi’s journey into the digital asset realm was not a deliberate choice but rather a captivating adventure that has consumed his life for over two years now. His dedication to unraveling the intricacies of blockchain technology and staying abreast of the latest trends in
The much-anticipated 2024 bitcoin bull run has not lived up to expectations, despite the asset reaching a new all-time high earlier in the year. The initial excitement stemmed from the greenlighting of spot BTC ETFs in the US in January, with hopes of a spectacular rally to the $100,000 mark after the halving. However, the
Semilore Faleti stands out as a cryptocurrency writer with a specialization in journalism and content creation. Initially delving into various subjects, Semilore eventually discovered his talent for unraveling the complexities within the realm of blockchains and cryptocurrency. His fascination lies in the efficiency of digital assets for storing and transferring value, making him a vocal
The crypto industry has been experiencing a significant shift away from the UK in recent years, with many firms attributing this move to burdensome regulatory processes. According to a report by the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have dropped by more than
Elon Musk, the CEO of Tesla Inc., recently faced a high-profile lawsuit with allegations of price manipulation involving Dogecoin (DOGE), a meme-based cryptocurrency. A group of Dogecoin holders filed the lawsuit in June 2022, accusing Musk and his company of using social media and public statements to inflate the token’s price artificially. The lawsuit claimed
Many cryptocurrency traders are constantly on the lookout for the perfect time to buy Bitcoin, hoping to time the market bottom for maximum profit. In the pursuit of this goal, various indicators are used by crypto analysts to predict the best entry point for purchasing this leading cryptocurrency. One crypto analyst, R.N. Elliot, has recently