The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 ultimately fell short. With 228 House members voting in favor of HJ Res. 109 to end SAB 121, 184 voting against it, and 21 abstaining, it is clear that there was majority
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In a time of challenging market conditions, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for continued growth and innovation. The recent unveiling of its new website marks the beginning of a series of steps aimed at fostering greater transparency and fair market practices within the industry. Amidst
In mid-July, Binance, the world’s largest cryptocurrency exchange, announced a temporary suspension of deposits and withdrawals for approximately one hour. This move was due to scheduled wallet maintenance, aiming to ensure the stability of the network. However, trading services were not affected during this period, and users were assured that their cryptocurrency transactions would resume
In a recent turn of events, wallets linked to the CoinStats exploiter made a significant move by transferring nearly $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes on the heels of investigations initiated by the leading crypto tracker following a security breach in June. CertiK, a blockchain security
Binance, the world’s largest cryptocurrency exchange, has decided to delist four cryptocurrencies – BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). The decision to delist these assets is based on various factors such as poor trading volume, liquidity, level of public communication, and stability of the network from attacks. Support for all spot trading
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
In a recent statement on July 4th, the European Banking Authority (EBA) announced updates to their Travel Rule guidelines. This update now includes regulations for crypto service providers and intermediaries in the European Union. Starting on December 30, 2024, all crypto exchanges operating within the EU will be required to adhere to the Travel Rule
Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
SBI Holdings, a notable financial services company based in Tokyo, Japan, has recently joined forces with Ripple to introduce an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This partnership aims to leverage blockchain technology to enhance the digital experience for Expo attendees. The initiative is part of the larger
Binance.US, the American arm of Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). The recent decision by the Court to allow the SEC’s case against Binance.US to proceed signals that the exchange is in for a tough legal fight. US District Judge Amy Berman