Author: admin
Critical Analysis of Ryan Salame’s Withdrawal of Indictment Petition
Former FTX executive, Ryan Salame, recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York about the withdrawal in a letter dated August 29th. This decision was made “without prejudice” to allow…
The SEC’s Investigation of OpenSea: A Critical Analysis of Digital-Asset Regulation
The recent Wells notice issued by the U.S. SEC to OpenSea has brought the issue of digital-asset regulation to the forefront of discussions. The SEC’s allegations that some NFTs traded on the platform may qualify as unregistered securities have raised concerns about the legality of OpenSea’s operations. The question arises: is the SEC overstepping its…
Congressman Wiley Nickel Criticizes SEC’s Approach to Regulation
Congressman Wiley Nickel, a vocal supporter of the crypto industry, has publicly criticized the US Securities and Exchange Commission (SEC) for its enforcement-focused approach to regulation. He believes that the SEC’s “regulation by enforcement” tactics are an abuse of power that could harm trust in the regulatory system and stifle digital innovation in the US.…
The Rise of Illicit Activity at Crypto ATMs: A Growing Concern
Recent findings from TRM Labs have shed light on a troubling trend in the world of cryptocurrency. The report reveals that illicit activity at crypto ATMs is alarmingly higher than in the broader crypto industry. This has sparked a wave of concern among law enforcement agencies and regulators worldwide, who are now turning to blockchain…
Getting to Know Opeyemi: A Closer Look
Opeyemi, a talented writer and cryptocurrency enthusiast, has delved deep into the world of digital assets for over two years. Despite not initially choosing the industry, he has become enthralled by its intricacies and complexities, particularly in blockchain technology and cryptocurrency trends. Opeyemi’s fascination with the crypto market is evident through his dedication to analyzing…
The Crypto Market: Analyzing Bitcoin Demand in the United States
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for Bitcoin (BTC) in the United States. This surge in interest has been reflected in the rise of the Coinbase Premium, reaching its highest level since July at 0.11%. This increase indicates that U.S.…
The Harsh Reality of the 2024 Bitcoin Bull Run
The much-anticipated 2024 bitcoin bull run has not lived up to expectations as the asset struggled to maintain momentum after surpassing its all-time high from 2021. Despite initial excitement following the historic achievement, the journey towards the coveted $100,000 mark has been tumultuous, with fluctuations in price and lackluster performance dampening investor sentiment. Perplexity, a…
Exploring the World of Cryptocurrency with Semilore Faleti
Semilore Faleti’s journey into cryptocurrency writing began with a diverse range of subjects, but it was his curiosity for the complexities of blockchain technology and digital assets that truly ignited his passion. With a keen eye for detail and a knack for breaking down intricate concepts, Semilore has dedicated himself to unraveling the mysteries of…
The Role of Blockchain Oracles in Providing Timely Access to Fund Portfolio Data
The US Securities and Exchange Commission (SEC) has recently emphasized the importance of retail investors having timely access to fund portfolio data. The current regulatory framework mandates that registered investment companies provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, impacting millions of households in the US and…
The SEC Charges Brothers in $60 Million Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) recently took legal action against brothers Jonathan Adam and Tanner Adam for allegedly orchestrating a Ponzi scheme worth $60 million. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, accuses the siblings of deceiving more than 80 individuals by promoting…
The Decline of Ethereum ETFs and Its Impact on Market Sentiment
Ethereum (ETH) has been facing challenges in breaking past the $2,600 mark, despite trading within a daily range of $2,300 to $2,800 since the beginning of August. The lack of upward movement has raised concerns among analysts and investors, especially when compared to Bitcoin’s performance this year. This stagnant price action has led to disappointment…
The Decline of the UK as a Crypto Hub
Crypto firms are facing increasing challenges in the UK due to burdensome and time-consuming regulatory processes. According to the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have decreased by more than 50% in the past three years. This decline highlights the growing frustration within the…
The Impact of High Centralization on Crypto Assets
In the world of cryptocurrencies, high centralization poses a significant threat to the core principles of decentralization that the industry strives to achieve. The concentration of power among a few entities can lead to increased influence, potentially undermining the ethos of decentralization that crypto assets aim to uphold. Popular project tokens such as Polygon (MATIC)…
The Controversy Surrounding Vitalik Buterin’s ETH Transfers
Recently, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, totaling 800 ETH valued at approximately $2.01 million. This transfer raised eyebrows within the crypto community, especially when 190 ETH from the same wallet was exchanged for 477,000 USDC, a stablecoin tied to the U.S. dollar. This is not the first time Buterin has…
