A recent decision by the US District Court for the Northern District of Texas has struck down a contentious rule proposed by the Securities and Exchange Commission (SEC) aimed at regulating crypto dealers. This ruling, delivered on November 21, has significant implications for the digital asset industry, as it asserts that the SEC overstepped its
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The world of decentralized finance and NFTs continues to expand, capturing the attention of users and investors alike. As one of the leading NFT marketplaces, Magic Eden has taken a significant step towards decentralization by announcing the upcoming airdrop of its long-awaited ME token. With an impressive $300 million allocated for this community-focused initiative, the
In the ever-evolving landscape of cryptocurrency, Bitcoin remains a principal player, captivating analysts and investors alike with its unpredictable fluctuations. According to notable crypto analyst TechDev, Bitcoin could potentially soar to an astonishing $139,000 in this current market cycle. TechDev backs this prediction with a comprehensive examination of Bitcoin’s price response to prior US election
In a significant development for FTX and its affiliated debtors, plans are underway to execute their Chapter 11 Plan of Reorganization by January 2025. This endeavor is aimed at establishing a clear framework for repaying creditors and customers who have faced unfortunate losses due to the collapse of this once-prominent cryptocurrency exchange. According to the
In November 2019, Upbit, a prominent cryptocurrency exchange in South Korea, fell victim to a massive cyberattack that subsequently led to the theft of $50 million worth of Ethereum (ETH). This unprecedented violation not only shook the cryptocurrency community but also highlighted existing vulnerabilities within digital finance systems. For years, the intrigue surrounding the Upbit
Meet Samuel Edyme, better known by his nickname, HIM-buktu. In the rapidly evolving world of Web3, Edyme stands out not only as an accomplished content writer and journalist but also as a driven trader. His work, featured in several notable outlets like AMBCrypto and Blockchain.News, speaks to his ability to dissect complex topics and present
Gary Gensler, the current Chairman of the U.S. Securities and Exchange Commission (SEC), has confirmed he will conclude his tenure on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump. Gensler, who took the helm of the SEC in April 2021, expressed that serving in this capacity has been a true honor. In
In a groundbreaking decision, a Bankruptcy Judge in the Southern District of New York has sanctioned Celsius Network’s use of non-fungible tokens (NFTs) to serve legal notices. This decision emerges amidst the company’s ongoing insolvency proceedings, underlining the unique challenges posed by the digital economy. The need to recover funds stemming from allegedly fraudulent transactions
Chris Giancarlo, the former chair of the Commodity Futures Trading Commission (CFTC), is gaining significant attention as the frontrunner for the newly proposed position of “crypto czar” within the White House. The Trump administration reportedly aims to introduce this role as a means to steer U.S. cryptocurrency policy while promoting growth within the burgeoning $3
Ethereum’s performance has been a hot topic in the crypto community, particularly as the digital currency has spent the last week stabilizing after recently reaching a four-month high of $3,420. As the second-leading cryptocurrency by market capitalization, Ethereum’s price movements have generally paralleled that of Bitcoin, the largest cryptocurrency. However, during the ongoing bull cycle,
My Neighbor Alice has rapidly gained traction as a frontrunner in the sphere of blockchain-based metaverse games since its debut in early 2023. The game offers players an engaging mix of fun and economic mechanics that introduce participants to the broader concepts of cryptocurrency and digital ownership through NFTs. However, what lies ahead for this
On November 21, 2023, the Sui Network—a Layer 1 blockchain—encountered a significant operational disruption, leading to an alarming halt in its mainnet block production. This incident lasted for two hours and temporarily suspended transaction processing on the network. According to the official team announcement, the outage was traced back to a bug within the transaction
In an exciting development within the blockchain ecosystem, the NikolAI project has unveiled its first-ever NFT series in honor of Nikolai Durov’s 44th birthday. Durov, well-regarded for his exceptional contributions to mathematics and cryptography as well as being a co-founder of the popular messaging platform Telegram, has significantly influenced this new initiative. The NFT collection
In a landmark occurrence, South Korean authorities have recovered 4.8 Bitcoin (BTC) that was associated with the infamous 2019 hack of the Upbit exchange. This attack stands as a pivotal moment in the realm of cybersecurity within the cryptocurrency sector, illustrating the escalating sophistication of cybercriminals, particularly those affiliated with North Korean hacker groups. In
