The US Securities and Exchange Commission (SEC) has recently concluded its investigation into stablecoin issuer Paxos, bringing an end to a year-long ordeal for the company. After initially receiving a Wells notice from the SEC over its dollar-backed BUSD stablecoin, Paxos has finally received a notice of investigations termination, signaling that the regulator will not
Gains
Bitcoin’s attempt to reach $60,000 was thwarted as the cryptocurrency experienced a minor retracement, dropping back to just over $58,000. This retracement comes after a recent surge in price, with the asset hitting a multi-day peak of $59,500 before the correction. The bulls had been driving the recovery following a slump to a multi-month low
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
A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin (BTC), stating that the cryptocurrency could potentially surge to $100,000 in the coming years. This optimistic outlook is based on the increasing inflows into Spot Bitcoin ETFs and the anticipation of an upcoming bull run in the crypto market.
Recently, the Bitcoin price experienced a significant drop below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. However, despite this downturn, the
The recent developments at Paxful Inc. have shocked the cryptocurrency community, as co-founder and former CTO Artur Schaback pleaded guilty to conspiracy charges related to failing to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence turned Paxful into a hub for money laundering, sanctions violations, fraud, romance scams,
Veteran trader Peter Brandt has recently raised concerns about the possibility of Bitcoin dropping to as low as $44,000. He based his prediction on a technical indicator that signals a bearish outlook for the flagship cryptocurrency. Brandt suggested that Bitcoin could plummet to $44,000 if it has indeed completed a double top pattern. A double
The crypto market intelligence platform, Messari, recently made headlines by declaring independence from the Securities and Exchange Commission (SEC). CEO Ryan Selkis boldly stated that the company will be waging a war against the regulator, citing the SEC’s stringent approach to the emerging industry. This move signifies a significant shift in the relationship between crypto
Recently, the cryptocurrency market witnessed a significant rebound, with Bitcoin surging to almost $58,000 and Ethereum crossing the $3,000 mark. Meme coins like Shiba Inu also experienced substantial gains during this period. However, despite the positive price movement, some metrics within the SHIB ecosystem have shown a decline. One of the key indicators that have
Real-world assets (RWA) have been gaining popularity in the past few months as a new sector within the cryptocurrency market. These assets represent physical objects or properties and are powered by smart contracts on the blockchain. The market capitalization of RWA neared $9 billion earlier this year, showcasing the potential and interest in this niche