Recently, Ripple found itself in the midst of a legal battle with the US Securities and Exchange Commission (SEC), culminating in a ruling that the company must pay a $125 million fine for violating certain securities laws. This amount pales in comparison to the initial demand of $2 billion by the SEC, causing many in
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The Commodity Futures Trading Commission (CFTC) recently announced that they have awarded a crypto whistleblower with over $1 million. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC has been prioritizing the identification of unlawful conduct in the digital asset marketplace, especially with the rise of scams
Stablecoin issuer Tether has announced its plans to double its workforce by mid-2025 in an effort to bolster key areas like compliance and finance. This move comes as Tether seeks to solidify its position in the market and handle its staggering $118 billion in assets backing the USDT stablecoin. With only a small team currently
The debate between Ethereum and Solana has been reignited by a crypto analyst who recently evaluated the two cryptocurrencies to determine which one was superior. Peter Brandt, a well-known crypto trader and analyst, compared the fundamental characteristics, strengths, and weaknesses of Solana and Ethereum in a recent post on social media. Brandt’s analysis highlighted Ethereum’s
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant advancements in terms of processed transactions and overall improvements. The recent announcement of a hard fork featuring the new Bor version showcases the team’s commitment to enhancing the ecosystem. Scheduled for August 9, this upgrade will introduce a burning mechanism aimed at reducing
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
The cryptocurrency market has witnessed an impressive recovery as Bitcoin’s price surged past $60,000 and neared $63,000 for the first time since the weekend. The recent market-wide crash that occurred last week and on Monday saw BTC’s price plummet from over $66,000 to a 6-month low of $49,500. However, the asset quickly started to bounce
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse skill set. He is a web3 content writer, journalist, and aspiring trader. Edyme has contributed to various reputed platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His journey into the realm of cryptocurrency was not without its challenges, starting