The recent development in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has resulted in Ripple being fined $125 million for violating certain securities laws. This amount is significantly lower than the initial demand of $2 billion from the regulator. Many industry participants are viewing this decision as a victory for
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Whistleblowers have been playing a crucial role in enforcing regulations within the digital asset market. The Commodity Futures Trading Commission (CFTC) recently awarded over $1 million to a crypto whistleblower, highlighting the significance of insider information in identifying unlawful conduct. The CFTC’s Whistleblower Program, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Stablecoin issuer Tether is gearing up for significant growth in the coming year as it aims to double its workforce. CEO Paolo Ardoino has revealed plans to increase the company’s headcount to around 200 employees by mid-2025. This expansion is aimed at bolstering key areas such as compliance and finance, particularly in managing the $118
In a recent analysis by renowned crypto trader and analyst, Peter Brandt, the competition between Ethereum and Solana was evaluated to determine which cryptocurrency was superior. Brandt pointed out the fundamental characteristics, strengths, and weaknesses of both altcoins to identify a clear winner in the ongoing debate. While Ethereum has been recognized as the second
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making waves with its advancements in transaction processing speed, scalability, and cost reduction within the Shiba Inu ecosystem. The recent announcement of a hard fork launching the new Bor version has grabbed the attention of the crypto community. The upgrade, set to take place on
The Securities and Exchange Commission of Thailand (SEC Thailand) has taken a significant step towards promoting innovation in the financial sector with the launch of its Digital Asset Regulatory Sandbox. This initiative, as outlined in a recent press release, provides a structured environment for businesses to test and develop services related to digital assets within
In a recent research report by Grayscale, Bitcoin is predicted to potentially reach its all-time high later this year, depending on the U.S. economy’s ability to avoid a recession. This positive forecast comes after a period of stabilization in the cryptocurrency market and broader financial markets, which experienced significant declines recently. Grayscale Research also highlighted
OKX CEO Star Xu recently issued a warning to users regarding the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. In a statement shared on social media, Xu highlighted the importance of adhering to sanctions policies, especially those from the US. He pointed out that deposits from or withdrawals to entities
The recent regulatory action by the US Federal Reserve against Customers Bank has raised concerns in the cryptocurrency industry. The Fed’s move was prompted by violations of the Bank Secrecy Act, Anti-Money Laundering laws, and OFAC regulations due to the bank’s involvement with digital assets. Customers Bank has been mandated to enhance its oversight, risk
The recent recovery in the cryptocurrency market has been nothing short of impressive, with Bitcoin leading the way. After experiencing a market-wide crash that saw its price tumble to a 6-month low of $49,500, Bitcoin wasted no time in bouncing back. Within a matter of days, the leading cryptocurrency surged to over $60,000 and came
Coinbase’s Chief Legal Officer, Paul Grewal, raised issues with the US Commodities Futures Trading Commission’s (CFTC) proposed regulations on prediction markets. He criticized the broad and vague definition of “gaming” in the proposal and argued that the Commission was overstepping its authority by not evaluating contracts individually. According to Coinbase, the CFTC failed to recognize
Immutable, a prominent player in the NFT and blockchain gaming space, has recently revealed its plans to close down its NFT marketplace. This strategic decision is in line with the company’s focus on supporting other marketplaces within its growing ecosystem. The closure of Immutable Marketplace is scheduled to take place on August 13, 2024, with
Samuel Edyme, aka HIM-buktu, is a unique individual who has traversed through the world of web3 as a content writer, journalist, and aspiring trader. His journey into the realm of cryptocurrencies was not a smooth sailing one, as he was initially lured into a Ponzi scheme that utilized crypto as payment. Instead of being deterred
Metaplanet, a Japanese investment firm, recently made headlines by securing a $6.8 million loan to increase its Bitcoin holdings. This move was part of a larger strategy to allocate a significant portion of its raised funds towards Bitcoin investments. The decision to take out a loan from MMXX Ventures, one of its shareholders, at a