Despite the recent downturn in the cryptocurrency market, particularly with bitcoin, there seems to be a growing interest among investors looking for potential buying opportunities. This is evidenced by the surge in searches for the term “buy the dip crypto”, suggesting that some are eager to take advantage of the current market conditions. While the
digital assets
House Financial Services Committee Chairman Patrick McHenry has raised serious allegations against SEC Chair Gary Gensler, claiming that he misled Congress during his testimony in April 2023. According to McHenry, recent court documents indicate that Gensler deliberately avoided answering questions about whether the SEC considers Ethereum (ETH) to be a security. These accusations have sparked
Google Cloud, the cloud computing arm of tech giant Google, has recently introduced a new platform tailored for blockchain developers. The Web3 portal is designed to assist developers in creating non-fungible tokens (NFTs) and decentralized applications (DApps) by offering a variety of resources and support. The Web3 portal by Google Cloud is a step towards
In a bipartisan effort, US Senators Elizabeth Warren and Bill Cassidy have called upon US authorities to take action against the use of cryptocurrency in the illegal trade of child sexual abuse material (CSAM). The pseudonymity of cryptocurrencies has played a significant role in enabling the movement of payments for such illicit activities into the
In the past 24 hours, Ethereum (ETH) has witnessed a significant 5% decrease in price. This decline has raised concerns among investors and analysts, particularly in light of the looming decision by the US Securities and Exchange Commission (SEC) regarding the approval of Ethereum ETFs. Recent reports have suggested that the SEC is likely to
As the cryptocurrency market continues to evolve, a new trend has emerged in the form of meme coins. These digital assets, often based on popular internet memes or trends, have seen significant price increases in recent months. While established leaders like Dogecoin and Shiba Inu have shown more modest gains, lesser-known meme coins such as
Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups
In response to reports of state actors using Tether’s USDT tokens to bypass US sanctions, the stablecoin issuer has taken a firm stance on regulatory compliance. Tether has vowed to freeze any addresses linked to sanctioned entities, aligning with the Office of Foreign Assets Control (OFAC) SDN list. This proactive approach reflects Tether’s dedication to
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
The recent Bitcoin halving event has caused a reduction in miners’ block rewards, leading to a decrease in the daily issuance of BTC and potentially triggering a price rally. This major event in the cryptocurrency industry has sparked discussions about the impact of halving on meme coins, such as Dogecoin and Shiba Inu. The Bitcoin