Bitcoin (BTC) has faced unexpected challenges this year, with its price dropping below the $60,000 mark after initial expectations of a steady increase. The prolonged bearish performance of the cryptocurrency has raised concerns among analysts, with some predicting a further decline below $40,000. This has sparked debates within the crypto community about the future trajectory
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The US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda has called for the development of specialized S-1 registration forms tailored for digital asset securities. During the Korea Blockchain Week 2024 event, Uyeda highlighted the importance of updating regulatory tools to better accommodate the specific characteristics of digital assets. He noted that the current
In recent times, the cryptocurrency market has experienced a lackluster performance, with a noticeable decline in whale activity across major digital assets. Santiment’s latest analysis reveals that both Bitcoin and Ethereum have witnessed a significant drop in transactions exceeding $100k. During the active period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k
The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan to repay creditors using stablecoins or other digital assets has sparked controversy, with the SEC reserving the right to challenge these transactions under federal securities laws. This move has added another
The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a
The latest Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has surged by 95% to 172,300, with the total value of the crypto market reaching $2.3 trillion, an 89% increase
In a groundbreaking turn of events, a London resident named Habibur Rahman has found himself in legal trouble for operating a Bitcoin ATM without the proper registration. Rahman, who resides in Langdon Crescent, East Ham, was taken into custody following a raid by Kent Police at a gadget shop in Chatham on April 28, 2023.
Semilore Faleti, a cryptocurrency writer, has made a name for himself in the world of journalism and content creation. He has displayed a particular talent for delving into the complexities of blockchain technology and cryptocurrency, demonstrating a deep understanding of these intricate systems. Semilore’s passion for digital assets is evident in his advocacy for the
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution, to offer fiat services to retail users globally. This partnership will allow users to deposit and withdraw the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com
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